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The selling does look orchestrated. Could one of the hedge funds out there be attempting to short the stock to death. Maybe, one of the bashers out there might know.
Your analysis is correct.
During the last run, there were approximately 150 million more buys then sells. This difference was never covered by the market makers. Sib may be covering the shorts by the market makers. Notice that the bid/ask is not affected by the selling which is taking place. I look for another 50 million shares to be sold by Sib to the market makers. This indicates to me that a run is coming.
I believe your scenario is correct that a big run is coming. Once 200 million or so shares are gobbled up then the tender offer is made for what is left. Do we shareholders need to worry about holding counterfeit shares? You believe 100 million shares will be left for the tender offer. Yet, there will be as many as 750 million shares shorted.
FORDGT: How long has Fairross been the transfer agent for KSWJ? Is this recent? I am in the background and read all the posts on this board. Very good job.
The French newsletter stated that there would be a store opening in the heart of NY in September. Would this be September 2008. If so, that would mean that a tender offer would be made sometime over the next 60 or so days. Do you have any background information on the author of the GBDX article?
What is the new public float. There would be 650 million shares left if Sid Almaz owns the rest. The chart on GBDX tells it all.
It sure is. GBDX is going to run with the dogs on Monday.
It is not prudent business for the accumulator to allow the situation to go on like this much longer. All buys the last hour yesterday and no sells.
I am long and strong in Northwest oil. I wish I had more funds to invest in NWOL.
I believe you have hit on the right answer. The audit would have been for a specified period of time which ended June 2008. For all we know, the audit may have been completed a month ago.
The Northwest Oil Group specifies on their english website under Investor Relations that they will be producing 4,866 BOPB or 240,000 tons of oil in 2008. This is different from the 180,000 tons of oil or 3600 BOPD during 2008 as stated in their Company Profile. Can the two numbers be reconciled?
The value of the two subsidiaries is about $200 million, or $9 per share, at present oil prices and published share structure.
The accumulator is just as tired as the longs are. It must be frustrating for him that fewer shareholders are capitulating and selling as these levels. The accumulator has made a substantial investment in GBDX. Keeping the status quo does not work for him or us. It looks to me like the remaining public float is only a tiny fraction of what it was a month ago.
One or more posters on the BOLV message board site at Yahoo finance have taken the initiative to contact the company by phone to ask about plans that are in the works. I am hopeful that there are others out there that will do the same thing. Thanks for the info you posted.
I am referencing a poster on the Yahoo BOLV message board who discussed the reactivating of Moonlight Graham, Inc. with Arshad Shah. Apparently, that post is not now accessible. We all hope for better things for BOLV.
Nice to see some volume coming in BOLV. Can someone verify that BOLV is refocusing and will be reactivating Moonlight Graham, inc. The subsidiary sells sports apparel with major league sports emblems.
What's the story here? Massive dilution or naked shorting. Looks like an interesting company to watch.
Will there be a new record date for the stock dividend? The process of dealing with the counterfeit shares could take months before the dividend is reissued.
What is the short position in GBDX? I have read posts suggesting somewhere between 575 million to 700 million shorts. How can this short position possibly be covered if there is a float of 400 million shares left.
You have a better understanding of events that are going to take place with Global Diamond than most of us. It will happen over a longer period of time than we would like. I will hold my position until I receive a T/O.
I can't understand how the market makers can transact millions more in buys than sells on a daily basis. The 14 million share difference yesterday must be counterfeit shares. The market makers kept trying to drop the bid/ask on tiny little sells.
All loaded up with North West Oil stock. I'm ready for the big move.
I recommend reading Willy Wizard's latest newsletter on GBDX. Hal Engel has put his money where his mouth is. He is looking for a T/O of .10/share. Others are suggesting a higher number.
I recommend keeping a daily tabulation of the total buys, sells, and undetermined of GBDX. You will know how many new counterfeit shares are being created for each trading session. You will not know the daily short coverings that are taking place, if any.
Take delivery of your GBDX certificates. This will stop any manipulation using your certificates to create counterfeit shares.
For the longs: it is getting harder by the day for the market makers to fill your buy orders. I noticed that a quantity of small sells are being grouped together to fill larger buy orders. The orders are being filled with small driblits of shares. This was especially true towards the end of the trading session on Friday.
Do you know who is doing the buying? It looks like in excess of 125 million NSS were created over the past 5 trading sessions do to the imbalance between buys and sells. If so, this will give us about 700 million shorts in GBDX. The only way the shorts can come out of this would be if the market makers stopped all buying in GBDX. I saw the same thing happen twice with Pearl Asian Mining. A short squeeze which run the stock up by over 70 times in a few short weeks on one occasion. The bashing has started getting nastier. I think your estimates are overly conservative.
How did the market makers fill all the buy orders during the previous four (4) trading sessions? There was in excess of 100 million more buys than sells. This could only be done by shorting the stock by more than 100 million shares. I doubt the 100+ million shares were in the market makers inventory.
The above suggests one or more massive spikes in share price is coming as the buying frenzy feeds on itself. The short position in GBDX may now be approaching 700 million shares (575M+125M).
Exchange Mobile Telecommunications = EXMT has made great strides forward since my last post. The scull and crossbones has been removed by Pinksheets.com. EXMT has obtained the necessary financing to move forward with their China operations. EXMT issued a PR yesterday where they have made available for public viewing financial statements for the last two years. The company has a small public float. I am encouraged by the bashing which has started again on the EXMT message boards. It looks like the SEC inquiry into spam mail is behind them.
Lets hope that Bolivar mining gets the financing they need to move forward. I do think we will start seeing some trading over .01/share soon. The management team appears capable in getting the job done for both companies.
Did you notice what has happened to the sister company Exchange Mobile Telecommunications - EXMT? The share price has moved from .02 to .05 over a period of several days on heavy volume. Investors are expecting a big contract from China. There are people who are communicating with BOLV management who are posting on other BOLV message board sites. One states BOLV has made a major discovery of rare earth elements in the stone mountain region of Georgia. Another, that BOLV has new rare earth element (REE) projects they will be announcing in a forthcoming PR. BOLV is working on a financial package. The share price will explode once the package is accepted and announced. A merger between BOLV and EXMT is not out of the question.
I stated in previous posts to watch EXMT. This will tell us the status of BOLV. It looks like things are going back to normal. I believe the minimum value for BOLV is now .05, not .01. I believe we will start seeing some trading in the .05 area. The share price of BOLV and EXMT should be about the same. The public float is about the same for both companies.
Can you spend some additional time to determine how good the 11 million NSS number is? You will probably only be scratching the surface of how much NWOL has been NSS. This is because of UBSS clients using offshore accounts to do so. You might be able to calculate a rough squeeze trigger price. Can there be additional shorted shares that are covered by shares on hand. Would it be worth contacting Tom at Buyins.net to do a story on NWOL?
The post dated 6/12/06 by Vicsteele has given me insight into what the big players did to the share price of NDOL-NWOG-NWOL. NWOL was trading at an adjusted price of $217. per share (adjusting for the r/s) at the time the post was made. Was there a plan made at that time to start NSS the share price to oblivion? It appears that the squeeze trigger price on the 11 million naked shorted shares is in the multi dollar range. If so, it would make sense by UBSS to continue short selling the stock for their clients even now since their profit is so large. The only thing that will turn things around is the release of spectacular news, i.e joint venture deal with Sinopec or audited financial statements.
I have purchased a large number of shares since 12/07. However, I do not intend to trade the stock. I want to be long when the news we are waiting for is released.
UBSS has been shorting this stock down since it was well over $1 per share. No reason for them to change their policy unless there is sustained buying pressure. I would love to see them get burned real good.
Good find. At the present time, Sinopec wishes to remain a silent investor in NWOL. I do believe we will see one or more PR on joint activities before the financial statements are released.
The next real big shock we are in for is how good those audited financial statements will look once released by the Northwest oil group. I am still looking for about $60 to $70 million revenue for the fiscal year. $5.6 to $7 million net income. EPS will be about .60 per share on 13.5 million outstanding. I don't believe the10 million restricted shares that Sinopec holds are counted in the calculations.
I believe the squeeze trigger price on NWOL is about $1 or higher. It will be real fun to watch the pressure build on shortie as he realizes he needs to start thinking about how fast he has to start covering. EIK stated the speculative float is about 3 to 5 million. The NSS position is 11 million. I believe there is also a huge short position that is "covered."
Is Sinopec the mystery company that bought the 10M restricted shares in the Northwest oil group? If so, they now own 50% of NWOL.
Any ideas on the squeeze trigger price before the 11M NSS start covering?
Good volume. Good close. I have sent an E-mail to the management team of BOLV (using the EXMT website to do it). I ask for clarification on the outstanding shares and speculative float. I'm sure the o/s is more than 207,000 shares. My guess is 10 to 30 million shares O/S and 5 to 15 million shares speculative float. In any event, those numbers are tiny. This will give us a good picture on the size of the short position. Also, I asked how they are coming along with the financial package they are working on. I will post a response.
Thanks for hanging in there. One would be tempted to sell out not knowing all the facts. Exchange Mobile Telecommunications EXMT issued their first news release on 3-27-08 after being under investigation for spamn mail by the SEC starting in August 2007. As I mentioned earlier, EXMT and BOLV have the same management team. The news release is clear evidence that neither EXMT nor BOLV were involved in any wrong doing. EXMT would not issue a PR unless the SEC communicated to them that they are free now to do business as usual.
The next step is for Bolivar mining to restore confidence in the shareholders that are supportive. BOLV has communicated to one shareholder on another message board site that a PR is forthcoming.
Both BOLV and EXMT are well positioned to do business in China. Expect BOLV to inform the shareholders of new and exciting projects that are in the works in China. There is no reason why the share price cannot go back up to $2 per share.
Poster at BOLV message board site for Yahoo.com states he talked to president of BOLV today. BOLV is working on financing. Also, has new prospects in China.
Very uplifting today. No reason why Bolivar mining can't go back up to $2 per share. Please read my prior posts.
Willy Wizard stated there was a 524 million short position in GBDX. Not NSS. This was as a result of carefully studying trading records on this stock. The poster who stated the NSS position is 575 million shares is wrong. I think he means short not NSS.
As I recollect, EIK stated that the speculative float may be no more than 2 to 3 million shares. There is no evidence of any dilution. NWOL would not be dumping shares into the market if they are not releasing any PR's. We may find out that NWOL is actually buying back shares at these levels.
Northwest oil stated that the two Shalinsky wells will be completed at the end of 2007. The wells will be open hole produced until the pressure has stabilized and some type of normal production can be ascertained. Flush initial production might be 3 or 4 times the daily allowable production of 185 BOPD each well for the field. This flush production might last two or so months. The results on these wells will have a material effect on earnings per share.
Northwest oil has stated that they filed a tender offer for some leases available in Tartarstan or South Russia. We don't know if the tender offers were granted. This will have a material effect on the assets of the company. I am interested in the status of activities in Algeria. Has NWOL entered into any joint ventures to exploit some of the newly discovered oil/gas fields in that country.
My best guess is O/S for book value and EPS is no higher than 13 million shares. I don't believe the restricted shares are dilutive. .60 per share is still a very conservative estimate.