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The massive naked shorting by the Dodge group was done offshore. i.e. Frankfort Exchange, Cayman Islands, IOWA, etc. It is almost impossible to track this down. We don't know who the Dodge group is working for. Possibly Lehman Bros. or Bear Stearns. I say this because I am aware that the Dodge group has NSS $11 million of another security. Your post proves that there has been NSS in GBDX.
Please read my earlier posts on Global Diamond Tenders. The company is listed on the Dubai Stock Exchange. The company has generated over $100 million in sales since 2006. Dodge 512 has acknowledged on the Dodge website that there is a connection to GBDX management.
Global Diamond Resources would comply with the Black Empowerment Enterprise Act (BEE) of South Africa by a takeover of GBDX through the purchase of GBDX management stock. Note that South African black entrepreneurs are now in charge of GBDX per the last PR. All of the directors of GDR are white. Please read the biography of GDR director Robert Jenkins. He has vast experience in the Russian markets as it applies to mining and oil and gas.
Thank you for confirming the accuracy of my posts. Has the Dodge group naked short sold any additional GBDX shares since 9/23/08? Is the tally now over 2 billion shorted shares?
Dodge512 posted that all the members of the Dodge group were contacted on or about 9/23/08 to tally in the naked short positions. 1.94 billion naked shorted shares is what they came up with. There is strong evidence to suggest that the naked short tally is even higher now.
Sib is not involved in the naked shorting. That part of Dodge512's post on the Dodge group website is false. I am being restrained from telling you more about this subject. My posts are being deleted.
The following information was furnished to me by Dodge512. This information was posted on their website dated 9/23/08. " All GBDX Dodge group on and offshore, Canadian, Cayman Islands, Frankfurt Exchange and IOWA naked shorted shares total 1,948,911,911." The message refers to a hedge fund. That's why I believe the Dodge group may be an agent for an Investment Bank. There is to be a 50/50 split on the capital gains between Sib and the Dodge group from the naked shorting once GBDX is revoked.
Orangeman3 and kkgd know the details as to why I was given this information. My earlier posts go into great detail on the activities of the Dodge group as it concerns GBDX. They may be worth reading again.
What do you think might be the most likely situation for GBDX shareholders? A T/O for as much as .35 a share so that GBDX can go private or a South African group putting gold or diamond properties into GBDX in exchange for GBDX management stock.
The SEC investigation has wore down mentally the GBDX management. In addition, management is up there in age and in poor health. I am leaning towards the South African group involvement in GBDX.
I believe the naked short position of 1.94 billion shares in GBDX is accurate. I also believe the public float is no more than 400 million. The next run which will come from a PR should take out the squeeze trigger price of .006. There are approximately 1.5 billion naked shorted shares that could never get covered under any circumstance. I don't believe there is a legal limit as to how high GBDX would run to. Either by PR or T/O. A T/O will only put pressure on shorty to settle at any price or be financially ruined.
I have not attempted to purchase any shares recently. However, I do plan to start buying GBDX stock again in the short term.
A T/O of .35 a share is possible. What entity, other than an investment bank, would have the collateral to have shorted $12 million worth of GBDX stock? GBDX management might want to cash in now because of health reasons. That's why they would sell the company to a South African group.
The lack of any trading activity suggests that the public float is no more than 250 million to 400 million shares. Most of those shares are in the hands of a few people.
Approximately $12 million dollars of GBDX stock has been naked short sold by the Dodge group. The average short sale price (squeeze trigger price) is .006. I believe the Dodge group is a code name for one of the large investment banking concerns i.e. UBS or Lehmann Bros. that used offshore accounts to carry out their naked shorting activities.
South Africa is one of the very best countries in the world to invest in now (if not the very best). The Black Enterprise Empowerment Act (BEE) in South Africa was legislated to eventually hand over control by white owned businesses to aspiring black entrepreneurs.
GBDX is considering divesting their controlling interest to a South African group. This is what GBDX stated in their PR dated 10/14/08. GBDX will do this once the SEC has made a determination. I have no problem waiting this out.
The Dodge group has stated in public that they have naked short sold 1.94 billion shares. They state they have done this using offshore accounts. Those shorted shares could never get covered once a positive comprehensive PR is released by GBDX. A follow up PR will not be released until the SEC makes a determination on the activities of prior management. This is I have not sold any shares. I do plan on adding to my position.
Buying coming in at .01. This may be the start of short covering. Do you think there is a merger ready to happen? Bolivar Mining should still have the south China gold properties.
Thanks for making the effort to contact BOLV management. BOLV may be looking at a merger to get off the grey sheets. Note the recent 8-K filings. Also, the move in share price from .0001 to .01 over a period of several days. It does not look like the SEC investigation resulted in anything. Other than their discovery that the stock was heavily naked shorted which caused the big drop in share price. I am standing pat. You should consider moderating this board.
Bolivar Mining is trading again at .01. I have been unsuccessful in contacting management. There has been several spikes in price. This may be due to merger talks, the SEC completing its investigation or possible short covering. I would like to know what assets BOLV still has.
There is no confusion that the Northwest Oil Group plans to create an entity separate and distinct from SZNG.ru and NWOL.PK with respect to the hotel business. That has been stated in many of the news articles about the hotel acquisition. Northwest Oil Group will either do an IPO with a dividend distribution to NWOL.PK shareholders or a spinoff of the new entity to NWOL.PK shareholders.
The only way that one can participate in what SZNG.ru/NWOL is doing in the Costa del Sol area of Spain is through an investment in NWOL.PK. There will be intensive European media coverage whatever Northwest Oil Group does next in Spain. It will also catch the attention of the Middle East hotel investors. Media coverage of the acquisition has been favorable. Media coverage was also favorable as to how the Northwest Oil Group handled the proposed strike by employees at the Los Monteros hotel. The 180 employees had not been paid for several months by the former owner due to financial difficulties. Northwest Oil Group paid all the back wages due the employees.
There are many references in the European media that state that the Northwest Oil Group (NWOL.PK) produced 120,000 tons of oil (2400 barrels of oil per day) in 2008. This was in connection with the story of the hotel acquisition.
SZNG.ru/NWOL.PK appears to be attempting to clean up their image by releasing company news to the media rather than through P/R's. I have found media coverage of the Los Monteros hotel acquisition in the Spanish, Russian, Danish and Norwegian press. There is more than 15 pages of media coverage on the web.
I have verified that Arab Reda Bahige Alaywan Mohamad (Lebanese) was the former owner of the Los Monteros hotel.
Link: issuu.com/hcp group/docs/psg
The Libyan government and Gadhafi's son are one of the major owners of property on the Costa Del Sol (where Los Monteros hotel is located). Other heavy investors in the area are Qatar, the royal family of Saudi Arabia, Iraq, Algeria, Dubai, Abu Dhabi.
Link: www.eldia decordoba.es/article/andalucia.
Who is the financial backer for future hotel acquisitions by Northwest Oil Group in the Costa Del Sol?
I am attempting to find out more information on the the investment entity INVEST SPANISH. They are connected to one article that mentions the Los Monteros hotel acquisition. This is a Spanish investment company that invests in Russian companies. They have $100 million in assets.
Some of the guests at the Los Monteros hotel include MICHAEL JACKSON, DEBORAH KERR, SEAN CONNERY, RICHARD BURTON, ELIZABETH TAYLOR and AUDREY HEPBURN.
One of the partners of the Lebanese investment group that sold the Los Monteros hotel to Northwest oil group is ARAB ALAUWAN REDA. He is a well known international real estate tycoon.
Link: www.infhos.info/153/16
The Los Monteros hotel earned $30,000,000 in 2008. Any ideas on how much the hotel will earn in 2009?
Strike action called off at Los Monteros hotel 12/30/08 7:47AM
The hotel's new owners Northwest Oil, had wanted to introduce a series of redundancies. Strike action planned for new years eve and January 8 at the hotel Los Monteros in Marbella has been called off as management has backed down and all the workers have been re-admitted.
Management has also agreed to give "fixed" contracts to all those workers that are needed to cover the services to guests.
Now talks on a new viability plan will proceed between management and unions.
Link: Typically Spanish.com
also in Alltop news (top news coverage in Spanish press)
SPANISH INVEST, a company with $100,000,000 in Spanish capital, has worked with the Russian markets since 2004. That company handles the finances of wealthy Spaniards. On December 15th, SPANISH INVEST posted the story "Russian bought Los Monteros." The article describes the details of the transaction. Also, future plans of Northwest Oil. The article further states "First, a group confined to the Spanish market, but it is possible that later will BE SET UP ITS OWN HOTEL BRAND AND MANAGEMENT COMPANY. This refers to Northwest oil setting up a separate hotel and management company distinct from SZNG and NWOL. The article states that SZNG owns 59% of the public float of NWOG (NWOL.PK). The remaining 41% is owned by the public. Perhaps later articles will start identifying Northwest oil by the symbol NWOL.PK.
Not one bank in Spain has been affected by the financial meltdown which has affected the rest of the world. I noticed that Yahoo Finance (Spain) is now covering NWOL.PK. Is this a prelude to listing on the Spanish stock exchange?
Don't forget the 80,000 share volume several days ago. It's going to take some good volume to decisively turn the direction of NWOL.PK. According to several Spanish media sources, Northwest oil group picked up the Los Monteros hotel at a discount of about 40,000,000 to pre market meltdown values. The Lebanese group that sold the hotel had serious financial troubles and had to sell at whatever they could get. There is another hotel that is available to NWOL from the same group. In addition, Northwest oil has acquired three (3) management companies that manage three hotels. Fortunately, Northwest oil did not pick up any oil leases during this recent slide. However, now would be a good time for them to be looking for the right oil and gas properties.
We may see a spinoff to shareholders. Northwest oil has promised in the past to issue a dividend. We have probably seen the worst with share prices.
Something good is coming. It looks like there may be another hotel acquisition by the Northwest oil group. There is even some press coverage by Japanese media of the Los Monteros hotel acquisition.
I have carefully read approximately four or more pages of media coverage of the acquisition. The story is reported that NWOG (NWOL.PK) is a subsidiary or branch of SZNG.ru. SZNG.ru owns 59% of the stock of NWOL.PK. The Russian understanding of the relationship of SZNG.ru to NWOL.PK is different than how we perceive it.
Interesting that Knobias shows the last trade at .001. Keep us posted on your DD.
BOLV filed an 8-K on 11/25/08. The filing disclosed that Bolivar Mining filed for a name change to Blue Earth Inc. The name of the company was changed back to Bolivar Mining. Does anyone know why? It appears that Blue Earth Inc. is a going concern. There has been some sporatic trading activity. Anyone have any recent contact with the BOLV mgt.
IHUB shows 3 trades. Last trade at .001 for 200,000 shares.
The order to show cause and other emergency relief order was signed by the judge on 12/8/08. Turino has 10 days to respond which expires on 12/18/08. The show cause order does indicate there will be a hearing to take place.
Any ideas on what will happen to the Dodge group?
Won't Turino and others now be required to pay the disgorgement of millions of dollars from ill gotten gains to GBDX? Isn't December 18th the date of the hearing that Turino and others are required to attend? I believe you are correct on all the points you made in your post. We should be hearing soon on the T/O or buyout. Also, the comprehensive P/R that was promised us.
I applaud the government enforcement actions against Turino and others. Maybe now, GBDX will issue the comprehensive PR we are all waiting for. No reason why GBDX cannot proceed with the T/O or buyout by the South African group.
There is no reason for the extensive media coverage that Northwest Oil is receiving on the Los Monteros hotel acquisition if it was SZNG that purchased the property. A private company does not want or need the amount of media coverage that Northwest Oil is getting. BusinessWeek and most Spanish media are clear in identifying NWOL.PK as the buyer. This is a real big event in Spain. That's why the media coverage is so extensive. It appears that the Europa Press and La Opinion de Malaga are the originators of the news coverage. We will see more press coverage as Northwest Oil closes in on their next hotel acquisition in Spain. I have a pretty good idea what hotel is next based on DD.
You are correct. There is no relationship between the value of Northwest Oil and the share price. That's why I haven't sold any shares.
REM.FM Spains largest English language radio network and Marbells M95tv have broadcast news on the Northwest Oil acquisition of the Los Monteros hotel.
link: www. costadelsol.st/news (REM.FM)
: www.m95tv.es
Europa Press - Spain news agency covering national news is one of the principle sources for distribution of news on the Northwest Oil acquisition of Los Monteros hotel.
link: www.europapress.es
There are many more news sources covering this story that I did not post.
Hosteltur, a national spanish realty website has published a comprehensive news article on the Northwest Oil acquisition of the Los Monteros hotel. The article is lengthy and describes the operations of SZNG and NWOL. The article is in spanish. The publication date is December 11, 2008.
Link: www. hosteltur.com/noticias 57683 grupo-ruso-north-west-oil-compra-hotel-monteros.html 35K
All of the Spanish media coverage of the Northwest Oil acquisition of the Los Monteros hotel share this in common. None mention the stock symbol of Northwest Oil or the connection of Prime Minister Putin to NWOL.PK. I believe this oversight is soon to be remedied.
The Spanish newspaper La Opinion de Malaga has run a follow up story on the Northwest Oil (NWOL.PK) acquisition of the 5 star beach front property Los Monteros hotel in Spain. The update is dated December 5, 2008. It is an update to the initial coverage dated November 21, 2008. The article is in Spanish. The article adds several details. The purchase price is $160,000,000. The article also states that the acquisition has been formalized. The article goes on in describing details about the hotel.
I will be posting additional information about press coverage this acquisition is receiving in Spain.
1 casa a spanish site which deals with spanish real estate has initiated coverage of the Northwest Oil acquisition of the Los Monteros hotel. The article is dated November 21, 2008.
link: www.eye on spain.com
The share price does not reflect the value of Northwest oil. I will be posting fresh information on the new hotel acquisition within the next few days.
CHANGE OF OWNERSHIP FOR LOS MONTEROS HOTEL IN MARBELLA.
Los Monteros hotel in Marbella has been sold to the Russian group, Northwest Oil.
Reports in La Opinion de Malaga newspaper this morning (November 21, 2008 at 8:50 AM) say that the current Lebanese owners, who also run the Las Dunas Hotel in Estepona, owe two months wages to the 180 workers at the establishment, and that the new owners will take over the management from December 1.
NORTHWEST OIL IS LISTED ON THE UNITED STATES STOCK MARKET.
The 5 star Los Monteros was opened in Marbella and has since then been a reference for luxury in the town.
Link: www. typicallyspanish.com
I will be posting other information on the transaction this weekend.
This should clear up who made the acquisition.
Northwest oil group (NWOL.PK) has done more than just acquiring the Los Monteros hotel in Spain, according to BusinessWeek. They report that NWOL has also acquired three companies that are into hotel management of prime beach front hotels. Why hasn't anyone picked up on this?
Business week: investing mergers/acquisitions
announced 11/21/08
Northwest oil group (OTC PK NWOL) acquired Hotel Los Monteros includes three (3) companies managed by it; Dunas Landa, Aljoda and Dajoa and excludes Hotel Los Dunas in Estapena. Northwest oil group (NWOL) would assume the management of the hotel from December 1, 2008. The acquisition was from a Lebanese investment group.