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What's important here is that the Northwest Oil group IS FOLLOWING THROUGH with the planned Press Conference. Let's hope this is the start of better things to follow.
These deals cannot be any bigger. Especially now. I am impressed that Northwest oil has access to big money. I am willing to wait 1 year or more. I have not sold 1 share. Good to see Putin may come back as President next year if Medvedev resigns.
These deals cannot be any bigger. Especially now. I am impressed that Northwest oil has access to big money. I am willing to wait 1 year or more. I have not sold 1 share. Good to see Putin may come back as President next year if Medvedev resigns. T. Boone Pickens was interviewed on Fox news channel. He states that he cannot get any big loans because of the financial crises.
Who in their right mind would finance a $160 million acquisition of a hotel at these times? Who would finance further acquisitions of more expensive hotels and even aircraft? The lender or financier must have been shown some pretty impressive financial statements before going ahead with the deal. That kind of money is not lent out unless there is the ability to repay the loan.
Can you follow up with the upcoming press conference. We may be shocked by even more acquisitions in the wind. Also, possibly an uplisting.
The Dodge group has been bashing this stock since July 2007. That is for 16 months. I read information from this group to the effect that the bashing was broken down into shifts. Why would a group bash a company for that many months unless there was a financial motive? There are at least two other companies that the Dodge group has been naked shorting. One can see familiar bashers from this site doing the same thing on those two message board sites.
A member of the Dodge group approached me and stated they naked shorted 974 million shares of GBDX. This was in September 2008. The number was revised upwards to 1.94 billion shares by another member of the Dodge group. This revised number was after all the members of the Dodge group were polled. It was explained to me how and where the naked shorting was done. Also, what exchanges were used. Later, I learned that the Dodge group has also targeted and were naked shorting other companies. The reason why I was approached was because they stated to me that I was the only one who figured out how and when the GBDX shorting occured.
The first name that came to my mind when I read in the PR that GBDX had moved to Limpopo province in South Africa was DeBeers. This is where DeBeers operates their largest diamond mine. As I studied further, I learned that there are some excellent black owned private diamond mining operations in Limpopo. These private companies I am also looking into. We would love to see a merger with DeBeers. A takeover by a local black owned diamond company with assets is more probable. Either situation forces delivery of shares by the shorters.
Can you let us know more about the "South African connection" which occured in July 2007. Myself and others here would greatly appreciate your input. This occured at the incept of the SEC investigation of Hazeltine and others connected with the prior management of GBDX.
A merger with the right entity could cause a short squeeze. Possibly here if the suitor of GBDX has some assets. I was not the one who suggested that the next PR would be on November 6, 2008. I am holding pat with my shares.
Do you have any creative ideas on how we can open the lines of communication with Northwest oil management? The only way they want to communicate is in Russian and in Russian media. Can you help? An American public relations firm could do wonders for the stock price.
All the options that GBDX can use; a tender offer, buyout or merger will force delivery of naked shorted shares and a massive short squeeze.
You may try using another brokerage firm if that works for you. A reverse merger would probably eliminate the need for a relisting. In that scenario GBDX would not need to reduce the shares more than 10:1. A listing on the Johannesburg stock exchange (JSE) is possible. A listing as a non listed company. Much like the pink sheets in the U.S. This requires further study. The more likely situation is a private black owned company trading their assets for a controlling interest in GBDX. Renaming the company and relisting on the pink sheets. This would require financial statements. We may get lucky and have a company listed on the JSE taking control of GBDX via a stock swap. These are all win win situations for the GBDX shareholders. I hold to the opinion that GBDX has a small float and huge naked short position.
Much of South Africa's oil and gas is offshore. SA produces 199,000 BOPD. In addition, SA has 318 billion cubic feet (bcf) of proven natural gas. These figures are as of 2008. The majors such as Chevron are getting active in offshore oil and gas development. SA has a well developed synthetic fuel industries. Only 10 countries have an industry which is larger. The country is strong financially. The Johannesburg stock exchange (JSE) is one of the strongest and most stable in the world. I am posting this information in the hope that the new management of GBDX is savy enough to take advantage of what South Africa has to offer.
The black economic empowerment act (BEE) has done much to transform South Africa. The white only companies have until 2014 to turn over 25% or more of their assets to black ownership for compensation.
NWOL has increased the A/S to 100 million from 23.5 million. The purchase of the hotel may be part restricted shares and part low interest loan from the Chinese government. That would be a good question to forward to the link for the upcoming press conference. Also, any breakdown as to ownership between NWOL and SZNG. Refer to post 45298 by REPOMAN.
It is interesting that the new rich of the Ukraine and Russia are being invited to rub elbows with the old money people of Europe at the Los Monteros beach front hotel in Spain.
South Africa also has huge coal deposits. The energy sector contributes 15% of the GDP of South Africa. SA is a significant coal exporter. The white owned companies in South Africa are now required to divest themselves of 25% or more of their assets to black empowerment groups under the Black economic empowerment (BEE) act. This to be completed over the next 5 years.
Same to you Sir! I have just started doing research into the oil and gas industry in Limpopo, South Africa. A lot of offshore development is taking place. Good move for GBDX. I hope the new people with GBDX are savy enough to take advantage of the rich natural resources in Limpopo. Possibly diversify outside of diamonds only.
I believe we are in a much better position than with the USTI situation. What makes it better is the 10.8 million share naked short position that the Dodge group has. These shares could not get covered if NWOL announced a T/O to go private. There would be a massive short squeeze which might run NWOL up to $10/share or more. I believe the squeeze trigger price is about $1/share.
I agree. A T/O is still on the table. I have not found any information on Dr. Didier DeBonggo or Darby Uguma. Perhaps, we have not been given the correct translation of their names into English. I think these people will become transparent once the comprehensive PR is released. No response to any emails is plausible until the P/R is released. This company is very careful what they are doing because of the ongoing SEC investigation. The company has disclosed to the public who the new officers are. I am more inclined that a buyout will take place. Sib Almaz and his group have already resigned and were replaced by South African people. This is a prelude to their exiting the scene.
Limpopo is a diamond rich province in South Africa. Home to the flagship operations of the DeBeers family. The Venetia mine is South Africa's largest diamond producer. It employs about 1,000 people. There are numerous other private diamond mines in Limpopo. These are mostly owned by empowered local blacks.
I am in one such situation now with a public company going private. The rights of minority shareholders are protected. NWOL would have to release financial statements to show their financial condition before offering the T/O. The Book value of NWOL is somewhere between $5 to 7.50/share. This is at least the value of their subsidiaries. I would be a disenting shareholder if such amount was offered to me.
In 2009, NWOL should realize about $41 million in net income. This is from present operations + net income from the Marbella hotel. This assumes there are no further hotel acquisitions, no development of existing oil fields, no further diversification into aircraft, etc. Book value should increase to $20 to $25/share. Net income at $3.35/share. This excludes the restricted shares held by one person.
STRONGUS is the one who posted that there are 10.8 million naked short shares. This is based on his calculations, post R/S. We later found out that the Dodge group has admitted in public on their website that they have naked short sold shares of NWOL. This was posted October 28, 2008. Links to the Dodge group hardball web site was posted by OILSPEC.
The latest information we have on O/S is 2/22/08. The public float is 5.5 million shares. NWOL has increased the A/S. This was solely for the purpose of acquisitions. There has not been enough shares traded, post gag or increase in A/S, to suggest dilution of shares. To the contrary, NWOL has stated in previous P/R that they are doing share buybacks. This statement is corroborated by NWOL management now owning 59% of the public float of 13,000,000 shares. This excludes the 10,000,000 restricted shares owned by one person.
I have not seen any concrete evidence to suggest that NWOL is a scam. To the contrary, NWOL would not be holding a press conference on November 19, 2008 to tout their acquisition of the Marbella beach front hotel in Spain. Remember, the richest people in the world vacation at that hotel.
NWOL has done nothing in 2008 to promote the share value. The company should be trading in the $10 range not .10. The company could not have better political connections to make things happen. Why is this so? The company may be planning to take the company private. I was shocked when I read that NWOL management now owns 59% of the public float.
REPOMAN has posted a news article in Russian (translated in English) on this message board site that states that NWOL will be holding a news conference in Kiev, Ukraine to promote the hotel acquisition and other activities. I understand the beach front hotel in Spain is a vacation spot to some of the world's wealthiest people. A big step forward for NWOL. The company should start developing some interesting contacts as a result of the acquisition.
The PR was in Russian. It was dated 10/08. The PR could have referred to the first three quarters of 2008, not 2007. The financial data does not reflect the outcome of the 2 Shalinsky wells to be completed in 2008. Also, the 5 additional wells to be drillled in 2008. This is small potatoes compared to the 5 star hotel acquisition. I believe this is the fruit of the Sinopec JV. The best bet is that the financing for the hotel acquisitions are coming from the Chinese government.
I have done some study of the Ukraine. Forbes published an article which stated that 7 of the richest 15 people from Eastern Europe come from the Ukraine. Therefore, it is appropriate for NWOL to hold the press conference in Kiev on November 19.
Can you post what you know about the South African connection. This would be informative for GBDX shareholders.
I believe the public float can be no more than 250 million to 400 million shares. The lack of trading activity supports this contention. Most of the float is tightly controlled by several groups. Perhaps 75% is tightly controlled. The Dodge group has stated in public that they have naked short sold 1.94 billion shares. The squeeze trigger price to cover the shorts is .006. The statement that GBDX is going to be revoked is false. GBDX has more value than we may be aware of. Otherwise, there would not be a suitor. Don't be surprised if GBDX is relisted on an alternative exchange.
I don't anticipate any real trading activity until the comprehensive PR is issued. I am holding all my shares. I have no plans to sell now or anytime in the near future. I think one would have to do a lot of incremental up bidding to get any supply of shares.
The hotel in Spain has already been bought by the Northwest oil group. What other 5 star hotels does Northwest oil intend to buy? Who is providing the financing? REPOMAN has posted that the Chinese are providing low or no interest loans for Russian oil & gas companies to do acquisitions. Good diversification for NWOL. Who is providing the financing for the aircraft that Northwest oil intends to buy?
Thanks again for your eagle eye. Very good post on the press conference to be held in Kiev, Ukraine on the recent hotel acquisition by NWOL. Further proof NWOL is not a scam.
I feel much better about GBDX after the research I've done into the natural resource sector in Limpopo, South Africa. GBDX will run once we know details on the suitor from the upcoming comprehensive PR. The South African (SA) government offers special incentives to local black owned enterprises (BEE) that engage in natural resource development in SA. What would be nice is a private company with diamond assets putting them into GBDX in exchange for a controlling stock interest.
THE DODGE GROUP HAS TARGETED AT LEAST 3 PINK SHEET COMPANIES FOR DESTRUCTION. ONE OF THEM IS GBDX. THE SAME PATTERN CAN BE OBSERVED FOR ALL 3 COMPANIES. HEAVY DAILY BASHING. A HUGE NAKED SHORT POSITION. I AM GATHERING INFORMATION. THE DODGE GROUP USES IHUB AND RB TO POST THEIR NEGATIVE COMMENTS IN SHIFTS. I BELIEVE THERE ARE OTHER COMPANIES OUT THERE THAT HAVE BEEN TARGETED BY THIS GROUP.
I have long suspected these Dodge group members were one and the same person. Good catch. What are they afraid of? They keep posting on a daily basis that the charter of GBDX will be revoked. We now know this is not true. There is a suitor out of South Africa that will be buying out Sib Almaz' control of GBDX. What makes GBDX so valuable that someone will buy out the company? Even with an ongoing SEC investigation. I think we will see some audited financial statements coming soon. Also, a relisting on the pink sheets or higher exchange. It would not surprise me if the suitor is listed on the Johannesburg stock exchange (JSE).
PM Putin would not identify himself with a scam company.
The Northwest oil group (NWOL) message board site is on IHUB. What they did to NWOL and GBDX is what has happened to FFGO.
I have forwarded information to Darby Uguma regarding the naked shorting activities of the Dodge group. I asked that GBDX address the issue of naked short selling in their comprehensive news update. I have also provided him links.
Please go to NWOL message board site to see links to the Dodge group. Oilspec posted it. Read post dated October 28, 2008. The Dodge group has targeted three (3) companies for NSS. The group has worked in shifts for 15 months to tear down the price of GBDX. I'm sure this group may have worked on FFGO even longer going back to Great West Gold.
Thank you for posting the link to the Dodge group before I could do it. Read post dated October 28, 2008. I have forwarded to Mrs. Chernova re: szng and nwol information I have on the activities of the Dodge group with respect to their NSS of NWOL. I remember a PR in late 2007 where the President of NWOL was so angry at the activities of speculators (naked short sellers) where he planned to prosecute them.
The Dodge group is" laughing and laughing and laughing all the way to the bank." You will get the links on Thursday.
The Dodge group is laughing about how they NSS NWOL. It is on their hardball site dated October 28th. They plan to take all the proceeds to the bank. I promise to post links on Thursday.
The Dodge group is laughing about how they NSS NWOL. It is on their hardball site dated October 28th. They plan to take all the proceeds to the bank. I promise to post links on Thursday.
The Dodge group is the one that has done the naked short selling. They are laughing about it on their website. They are going to take the money to the bank from the proceeds of the NSS. Read the hardball post dated October 28th.
The Dodge group is the one that has done the naked short selling. They are laughing about it their website. On their hardball site they claim they are going to take the money to the bank. Read the hardball post dated October 28th.
Certain members of the Dodge group posted on Monday. The posts were either attacks against me or NWOL. I posted that this group has naked short sold 1.94 billion shares of GBDX. How it was done was carefully explained on their hardball message site. GBDX has a suitor in South Africa ready to acquire control of this company. DeBeers? The Dodge group has targeted NWOL. Certain posters are aware that I now know what was done to NWOL.
I have carefully read the most recent PR ( translated into English) about the Northwest oil group's purchase of the Los Monteros 5 star luxury beach front property in Spain for $160 million. This is the first of a number of buys of the very best beach front properties that Europe has to offer. The PR also states that the Northwest oil group will soon be purchasing aircraft and offering tours for VIP clients. The property was bought for a song. Is there plans to buy out the entire Marbella chain of 83 luxury beach front hotels? The PR states that the Northwest oil group will be buying individual hotels or chains. The diversification appears to be well thought out. No one has posted where these billions of dollars are going to come from. The finances do not appear to be a problem. Is this fruits of the Sinopec JV.