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Your research is excellent as always. There is one more news article we will eventually pull up that states that NWOL is the protege of PM Putin. NO one ever claimed that PM Putin owns stock in NWOL. Putin owns one-third of the stock of the parent company SZNG. There are those who post on this board who are so desperate to tear down anyone who posts positive information about NWOL.
Thank you again for your eagle eye. I remember another article in Russian (translated into English) where the PM of Syria met with the President and PM of Russia to discuss a military defense system for Syria. On the last day of the visit, the PM of Syria met with PM Putin to discuss the Syrian refineries. There was one line in the article which stated that NWOL is a protege of PM Putin. I am unable to find the article among the many posted. It requires some digging. Was the translation by Eik or runcaly? I clearly remember the article because of the reference which connects Putin with NWOL. However, the article you have posted is just as effective.
I am extremely pleased that I did some posting on Monday. I have been wondering for many months who has been naked short selling NWOL. Strongus was on the right track when he did his investigation with Tom of Buyins.net. I now know for certain it is the Dodge group. I would love to access their hardball site to read how it was done. Also, the actual number of shares shorted, This group has naked short sold 1.94 billion shares of GBDX. The Dodge group has made a public disclosure to that effect.
There have been numerous posts to the effect that Putin owns one-third of the private Northwest oil group stock. I have been looking to. Thanks for all your wonderful posts. Have you asked szng to do a PR in English on the NWOL acquisition of the 5 star beach front hotel in Spain? There was a news release re: the Syrian refinery project where the Syrian Prime Minister met with V. Putin on the last day of his trip to Moscow. THE RUSSIAN ARTICLE MENTIONS THAT NWOL IS A PROTEGE OF PRIME MINISTER V. PUTIN. That's where the proof is.
There have been numerous posts to the effect that Putin owns one-third of the private Northwest oil group. I have been looking to. Thanks for all your wonderful posts. Have you asked szng to do a PR in English on the NWOL acquisition of the 5 star beach front hotel in Spain? There was a news release re: the Syrian refinery project where the Syrian Prime minister met with V. Putin on the last day of his trip to Moscow. THE RUSSIAN ARTICLE MENTIONS THAT NWOL IS A PROTEGE OF PRIME MINISTER V. PUTIN. That's where the proof is.
There were numerous posts by EIK and repoman confirming that V. Putin owns one-third of the stock of szng (Northwest oil group private). The Dodge group posts on the NWOL message board site. This group specializes in naked short selling stocks that Willy Wizard has commented on.
Please read Repoman post #45209. It is clear that 2008 not 2007 is referred to. Repoman post #45197 refers to 2007 which was corrected in article in post #45209. Note that post #45209 states that NWOL will be trading on an additional exchange.
Repoman posted an article from RBC daily.ru stating that the annual production in 2008 for NWOL will be 120,000 tons. The calculation to BOPD is as follows: (120,000 x 7.3 = 876,000 divided by 365 days of year = 2400 BOPD).
I have long suspected that the Dodge group has been naked short selling NWOL. Thank you posters for the confirmation.
share structure as of 2/22/08 (see NWOL message board site - O/S from transfer agent) is as follows:
Total shares outstanding 23,500,000
one shareholder owns 10,000,000 restricted shares
the latest NWOL PR states that NWOL or NWOL mgt owns 59% of float, public owns 41% of float
(59% x 13,500,000 = 8,000,000 (NWOL or NWOL mgt. share of float)
(41% x 13,500,000 = 5,500,000 (public share of float)
There has been an increase in Authorized shares to 100,000,000. This is so that NWOL can use the additional shares for an acquisition.
STRONGUS posted that naked short share position in NWOL is 10.8 million shares. He studied all the transactions after the R/S. He also consulted with Tom at Buyins.net. Strongus determined that there was a 10.8 million share naked short share position.
The money did not have to come from the Chinese. However, the most recent PR (in Russian) suggests that NWOL will be making purchases into the billions of dollars for a number of beach front 5 star hotels. That kind of capital investment can only come from the Chinese. Perhaps, as a result of the Sinopec JV.
NWOL announced spectacular results for the first nine months in 2008. NWOL is producing 2400 BOPD. This appears to be with the wells choked down do to field limits to conserve gas pressure. There has been no effort made to increase the daily allowable production. EPS will come in at .26/share (including restricted shares). EPS will be .45/share (not using the restricted shares in the calculation). I do believe we will see audited financial statements for the year end. I am looking for book value to be around $5/share. The above does not consider the financial effect of the Marbella property on year end numbers. NWOL mgt. is not ready to let the stock run. Hold on to your seat belt when it happens. The public float is slightly higher than 5 million.
Very doubtful this is a scam. Putin owns one-third of the stock of NWOL private. His name has been connected to NWOL on numerous occasions.
STRONGUS did extensive work to determine there is about 10.8 million shorts. I believe the actual number is much higher.
I am more encouraged each day about the future of GBDX. I like reading that Alrosa and deBeers will be implementing a diamond cartel. Reducing diamond exports by 30%. We hope that GBDX will fit in.
The Dodge group story does not fit in well. It makes more sense that the ex-owners of the GBDX shell masterminded the naked short selling with the Dodge group. Not "Sib Almaz." Heavy buying into the hundreds of millions of shares of GBDX during recent runs cannot be explained away.
I am holding my shares until the bitter end whichever way this turns out.
Northwest oil shareholders are fortunate that there is now a business arrangement with the Marbella chain in Spain. I discovered that there are 83 Marbella hotels. Rates range from $70 to $829 per day. I believe the Northwest oil group will be picking up some more of the beach front hotels from Marbella at a song. The most recent PR on the szng website was well written. There was no mention of the symbel NWOL. Only NWOG. The financial numbers that were reported for NWOL are spectacular. The PR was written in a way that the stock would not run up. There does not seem to be any interest in a U.S. PR. I believe the Northwest oil group management would like to continue increasing their % ownership beyond 59%. Possibly do a tender offer when they are done. Where is the financing coming from for the hotel acquisition? My best guess is the Chinese.
Good diversification for the Northwest oil group. Who do you think assisted in the financing of this luxury hotel? The Chinese? Any luck in making contact with the Northwest oil group? Any thoughts on where will be the next purchase? French riviera? Someone is buying at these levels.
I spent considerable time yesterday accessing business and personal phone directories in South Africa and Africa to see what might turn up on the two Africans mentioned in the latest GBDX PR. Nothing is what was found. There may be a variation in the spelling of the names. I even looked at the Afrikaneer and ancestral directories. Should anyone contact these parties by phone or send an email request hard questions need to be asked. I am hopeful someone will post the contents of any information.
There is no available information on "Sib Almaz." It is most likely that this is not a real person. Rather, a consortium of Russian entities.
The SEC is conducting an active investigation over 15 months into the officers of GBDX. It is highly doubtful the case will result in a no change. The two officers have reacted to the SEC investigation by resigning from their duties. They were replaced by the two Africans. I am attempting to get as much information out into the public so that it can result in discussion.
HOW ABOUT A LISTING ON THE JOHANNESBURG STOCK EXCHANGE (JSE). IN CONTRAST TO THE POOR PERFORMANCE OF THE MAJOR WORLD STOCK EXCHANGES THE JSE HAS DONE QUITE WELL. THIS SUBJECT IS BEING BROUGHT UP FOR THE FIRST TIME. THE BEST THING THAT CAN HAPPEN TO GBDX IS TO BE TAKEN OVER BY A LOCAL SOUTH AFRICAN DIAMOND PRODUCER THAT IS LISTED ON THE JSE. THERE COULD BE A LISTING OF GBDX ON THE JSE IF THE SUITOR IS A PRIVATE ENTITY. SOME OF THESE COMPANIES ARE ALSO DUAL LISTED ON THE LONDON, NASDAQ, AND OTHER WORLD EXCHANGES. DIVIDENDS CAN BE PASSED ON TO SHAREHOLDERS. THE ISSUE OF REVOCATION AND RELISTING ON THE PINK SHEETS BECOME MUTE. THERE ARE A NUMBER OF LISTING TYPE OPTIONS, I.E. AS A VENTURE CAPITAL COMPANY. AS WE GET CLOSER TO THE NEXT PR I PLAN TO SPEND MORE TIME STUDYING THE LISTING REQUIREMENTS.
I previously posted that the buying by "Sib Almaz" during some recent rallies does not fit in with Sib naked short selling his own company stock. The Dodge group wants us to believe that there is a connection with "Sib Almaz."
It looks more hopeful now after the PR was released. It is doubtful there will be a revocation of GBDX. We need to see audited financial statements. GBDX can be relisted on the pinks. Can some longs post the contents of what was discussed on the phone. I have found no links to any information on Dr. Didier Debonggo and Darby Uguma. Can someone help out.
I have spent quite a bit of time trying to get information on Dr. Didier DeBonggo and Darby Uguma. I have accessed South African websites, people search, etc. No information turns up on these people. Can someone assist in finding out something about them.
The "Sib Almaz" group would have purchased the GBDX shell for about $500,000. A question for the SEC is what was the intent of "Sib Almaz" at the time of purchase. It looks like there was a plan to naked short sell the stock until such time as the company goes into default. "Sib Almaz" was potentially able to realize a significant profit on his original investment. I don't know the breakdown as to how much goes to "Sib Almaz" and how much to the Dodge group if there is a revocation.
The Dodge group proudly states that they and "Sib Almaz" have naked short sold 1.94 billion shares of GBDX. Other sources establish that the squeeze trigger price is about .006/share. There should be proceeds of about $12 million dollars or an amount credited to the accounts of the Dodge group and "Sib Almaz" in that amount. Should the share price of GBDX ever go back to .006/share then there would be no profit to the above groups. They would have to come in and deliver shares once the share price exceeded the squeeze trigger price. The $12 million profit would have evaporated. The Dodge group and "Sib Almaz" are hopeful that there will be a revocation of GBDX stock. This would create a 100% profit. The Dodge group has people working in shifts around the clock on IHUB and RB to insure there is constant downward pressure on the stock. Maybe, one of the Dodge boys will post how much he receives for the shift he works. This has gone on for about 15 months. The naked short selling occured between 1/08 and 9/08.
There is finally some hope that things may change. The SEC query has created such anxiety for "Sib Almaz" that the officers are looking for a way to exit the situation.
The Dodge group has made a public disclosure that they and "Sib Almaz" have naked short sold 1.94 billion GBDX shares. The group has carefully explained how and why this was done. When they expect to cash in. Also, the approximate amount that was realized from the naked short selling. Their disclosure fits in well with the direction the stock has gone. The SEC would not be continuing a 15 month investigation unless they got their teeth into something. The disclosure fits in well with the anxiety felt by the prior officers over the SEC presence. GBDX will skyrocket in price with any large quantity of delivery of shares.
I am hopeful for a new beginning for the company unde the leadership of black owned entrepreneurs in South Africa.
I have been looking at the SEC proceedings against a Nevada pink sheet company that took place from 2004 until 2007. The officers were convicted of stock fraud by a jury. The officers were ordered to pay fines which ran into millions of dollars. The SEC investigation took 3 years. In addition, state attorney general offices also are involved in this situation.
The Dodge group and "Sib Almaz" are playing with fire if they think they are going to cash in after naked short selling 1.94 billion shares of GBDX.
I am more optomistic now after reading the latest PR. It was real encouraging to read that the SEC is still looking at GBDX. I believe it is well past the point where the SEC could withdraw and not proceed with an enforcement action. That agency has put a lot of time into the case. It looks to me like they found enough to stay with these people for quite a while. The longer the SEC is in their back door the better it is for us.
I was encouraged to see the new officers of GBDX are African. We might get lucky and have a black owned local South African diamond producer take over GBDX and do something with the company.
I believe I have been able to identify the person who operates the Global Diamond private operations in Dubai as being the same person who is also part of the GBDX management team. There are one or two people who are principles in Dubai. The 11/21/06 GBDX PR specified a connection with an unidentified person who has 25 years experience working with deBeers. The Dubai "contact information" also specifies the principle as having 25 years experience. I am unable to disclose his name at the present time.
I feel much better about the GBDX move to South Africa after researching the statutes on natural resource development. I will probably start adding shares pretty soon. I like what the SA government is doing to encourage black economic enpowerment (BEE). Especially in the area of natural resource development.
Howdy from Lockhart. I haven't received a response back from NWOL. Repoman stated he would send one in Russian. I have no problem adding shares until something happens.
All may not be lost. I have investigated the black economic empowerment policies (BEE) of the new pilot program adopted by the South African ( SA ) government. The SA government is encouraging a move towards cutting and polishing diamonds within the framework of BEE. This is in addition to encouraging production increases from existing diamond mines. GBDX wants to polish and cut diamonds in SA. Also, to stay in the wholesale area of diamond sales. There are some excellent local black owned diamond producers who might be a suitor for control of GBDX. deBeers has recently sold their interest in the second largest diamond mine in Limpopo to a Canadian company. They might be a suitor as well.
It sounds like African not Dutch personnel have assumed official responsibilities of GBDX. This will not help the Dodge group and the "Sib Almaz" group. I see the $12 million dollar nest egg overseas evaporating. A revocation does not look likely.
There was massive buying of hundreds of millions of shares of GBDX during several recent rallies. Who was the one that did the buying if not the "Sib Almaz" group? Would the stock have been run up only to naked short sell it back down by the same people? Why this was done remains a mystery. We will start getting answers once the comprehensive PR comes out about November 6th.
Dodge group posts state that a Russian group has naked short sold GBDX stock. One poster on IHUB states that "Sib Almaz" is a code name for a consortium of Russian entities. Could this be the Russian group that the Dodge group refers to that is naked short selling their own company stock. The Dodge group states they worked with "Sib Almaz" in naked short selling 1.94 billion shares. Proceeds of about $12 million would have been deposited offshore.
The latest GBDX PR states that the SEC is continuing their 15 month investigation. We may be at the point where the SEC could refer the matter to the CIA for international information gathering. Also, to Interpol for information gathering. A referral could be made to the FBI for domestic activities. These would be collateral investigations. The officers of GBDX have cited age and health as defenses to what might come down on them.
I am closely following the GBDX story.
My email request for information has been ignored by Darby Uguma. Apparently, he does not want to confirm whether deBeers will buy out a controlling interest in GBDX. Also, he is not interested in confirming the naked short position. The Russian group that the Dodge group has referred to may be the Russian entities that own a controlling interest in GBDX. They are known as "Sib Almaz."
What is Sib Almaz? A poster correctly states that this is a conglomeration of Russian entitles that own a controlling interest in GBDX. It probably includes Alrosa and Krystal. We do not know who is the spokesman for the group.
GBDX states the they are being investigated by the SEC. We do not know if the investigation has become a collateral investigation that includes law enforcement agencies. GBDX would not know this unless there is an enforcement action.
The Dodge group, in their latest posts, confirm the size and activities of private Global Diamond in Dubai.
The Dodge Group mentions only deBeers in their latest posts (on their message board site). It follows that deBeers is the logical choice to purchase a controlling interest in GBDX. deBeers has been the mentor of Global Diamond private personnel in Dubai. Minority shareholders have to be dealt with as the GBDX story proceeds.
I sent Darby Uguma an e-mail. I asked him the following questions: Can you confirm that one or more groups have naked short sold GBDX as much as 2 billion or more shares. Can you confirm that deBeers Consolidated Mines is in talks to purchase a controlling interest in GBDX. I will post whatever reply I receive.
The Dodge group has alerted us to the existence of a Russian group which has naked short sold GBDX as much as 500 million shares. Is there a partnership or affiliation between the Russian group and Dodge group? Can someone from the Dodge group pm me so that I can make public the links?
deBeers could do an outright merger with or buyout of GBDX. That would not result in a R/S. No reason why the minority or holdout shareholders of GBDX will not be treated fairly. We should see audited financial statements from GBDX before they make an offer to shareholders. The only ones who will get burned badly are those who followed the Dodge group and naked short sold. They should test the waters and see how many shares can be delivered before the share price of GBDX skyrockets. Not many I think.
MOST LIKELY, IT WILL BE DEBEERS WHO BUYS A CONTROLLING INTEREST IN GBDX. VENETIA DIAMOND MINE IS DEBEERS CONSOLIDATED MINES FLAGSHIP OPERATION. SITUATED IN LIMPOPO PROVINCE. THE MINE IS SOUTH AFRICA'S LARGEST DIAMOND PRODUCER. DEBEERS IS ATTEMPTING TO BUY OUT ITS PARTNER TO OBTAIN 100% CONTROLLING INTEREST IN VENETIA DIAMOND MINE. WHAT A WONDERFUL TURN OF EVENTS HAS TAKEN PLACE FOR GBDX.
Tshipise is in Limpopo province in South Africa. The province is the gateway to Africa. Limpopo is rich in mineral deposits. The province provides employment to 50,000 people in the natural resource sector. Are you doing DD on Didier Debonggo? My question is what assets are the new group going to contribute in exchange for controlling interest in GBDX. It appears that the ongoing SEC investigation has had a traumatic effect on the health of GBDX officers and directors.
Have fun Dodge group covering those 1.94 billion naked short shares on the grey sheets.
I am extremely pleased to see a PR. We have been harassed on a daily basis by the Dodge group. I am tired of reading about a revocation of the stock through inaction. GBDX would not pull that kind of stunt with an ongoing SEC investigation. Who thinks the South African group referred to in the PR is the DeBeers family?
I sent the request in English. It looks like NWOL will have audited financial statements for the calendar year. The PR stressed the word unaudited for the interim period. The PR is clear in stating that the public float is 5 million shares. This is based on public ownership of 41% of 13.5 million shares. This excludes the 10 million restricted shares owned by an unnamed party. STRONGUS states the naked short position is 10.8 million shares. NWOL is increasing its ownership position by picking up stock from weak hands.
I requested Natalia Chernova of SZNG to release a PR for NWOL.PK. This is so the American investors are informed of the hotel acquisition, production numbers and net income. It looks like the daily oil production is 2400 barrels of oil a day. Net income will result in EPS of about .26/share. I continue to be a buyer of NWOL. There is still the question as to whether restricted shares are included in the calculation for EPS purposes. If not, the EPS would be about $.45/share excluding the restricted stock.
The people involved with GBDX are big league players. They are doing business in the hundreds of millions per annum. I have mentioned why the T/O has been protracted. Some of the Fed investigations can take several years or more. For example, once an IRS agent determines a potential crime exists, he then refers the matter over to IRS intelligence division. The IRS agent can also refer the case for an outside the U.S. collateral investigation. The time period lengthens for Fed investigations once it is likely the matter will result in a prosecution for a crime. I believe this is what is happening now.
I cannot predict when the T/O will take place. GBDX will have to deal with minority shareholders by the time they go private. I will be one of them.
Krystal is prominently mentioned in a number of prior GBDX PR's as having done business with GBDX. Some of the IHUB posters who live in Moscow have stated there is a connection with Krystal. GLOBAL DIAMOND TENDERS does business in the same proximity as Krystal in Dubai at the Almas tower.