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not exactlty correct there
the list i posted was all trades up to date and on the date in question
there were "several trades that add up to what you have as the days total
but prices varied, so your dollar figure is not exactly correct
3.00 500 OTO 03/02
1.19 500 OTO 03/02
1.19 1000 OTO 03/02
1.19 5000 OTO 03/02
1.19 1900 OTO 03/02
1.19 8100 OTO 03/02
1.19 25000 OTO 03/02
1.19 500 OTO 03/02
Never the less nearer to 50 k than 127 k
Still, a fine example of a poorly tuned trader buyying a cat in a sack,
to say the least.
Price Size Exch Time
1.50 100 OTO 04/13
1.65 500 OTO 03/24
1.85 300 OTO 03/22
1.85 500 OTO 03/19
1.85 600 OTO 03/18
1.85 400 OTO 03/17
1.85 800 OTO 03/17
1.50 1000 OTO 03/10
1.50 500 OTO 03/10
1.50 1000 OTO 03/10
1.50 1000 OTO 03/10
1.50 100 OTO 03/09
1.50 100 OTO 03/09
1.50 1000 OTO 03/09
3.00 500 OTO 03/02
1.19 500 OTO 03/02
1.19 1000 OTO 03/02
1.19 5000 OTO 03/02
1.19 1900 OTO 03/02
1.19 8100 OTO 03/02
1.19 25000 OTO 03/02
1.19 500 OTO 03/02
1.18 1000 OTO 03/01
1.20 500 OTO 02/23
1.20 500 OTO 02/08
not exactly what you would call "Liquid" now is it.
And what whopping volume you have going on there
Keep buyying....
thats like a "your opinion thing isnt it?"
You thing NAGP gets the price of oil for the oil they hope to one day produce ???
i don't think thats accurate
i expect you also know better than that.
come on now lets get real
The price of Oil is irrelavant to NAGP or NVMG Or NAEG
whatever accronym you like the oil is was and shall allways belong to the TRIBES
so to get excited over oil prices is very very MOOT.
the rate for production does not change, does it ?
royalty holders are the people who are hauling there lazy asses into court.
with charges of Fraud among others
Why it the lawsuit not worthy of a position as a sticky post?
Keep the book fires burning.
So when did they do that ?
Were we shareholders then, Like, ???
Lets here of this value they created !!!
and when it was added...
in the words of KYLE of southpark "Cereal"
That shell, i think although its tough to find now
that they have been RS'ed some time back which left a very small Outstanding that
left few if any shareholders with any respectable quantity of stock
i dont have time now to try to find out but i think the 1000 shareholders we inheritated
possibly have no more than
heck here,
Number of Shares Authorized – Common 50,000,000 50,000,000 1,000,000,000
Number of Shares Issued – Common 11,002,323
Freely Tradable Shares – Common 910,853
Number of Shares Issued – Preferred -0- -0- 500,000
Total Beneficial Shareholders - Common - 1584
I expect I Hub and the public shareholders Hold circa 30,000 shares
And we have a Outstanding now between 18 and 38 million shares
500 ish people hold 30,000 shares roughly estamete from old structure reversing us.
another 1000 New FMGI bagholders hold some portion of 880,853
after 90,000 ish held by joe n raj post RS Exchange berings us too 790,000 shares NAGP held ???
Jay from fmgi and his near a thousand shareholders, Whatever the exact structure, or numbers, I would beleive Jay holds the Lions Share of the available stock, and his shareholders,
have mear pitances, Just like all of US
I_Hub in its infinite wisdom has sean fit to Make the FMGI page dissapear,
Someone really should call them on that it held impostant Pre 1-10 RS share structure information
Just like the loss of the pinksheets listing for the old FMGI stock
You now cannot seam to locate the information which showed the exact amount of stock this Jay from FMGI held, in relation and also showing Public held stock.
hence im reluctant to quote to you from memory But I doubt the some 1000 shareholders from fmgi hold more than 100,000 shares.
If in Vegas, bet its like maybe 10,000
I'd sure like to see the I-box from FMGI One more time
After FMGI board became NAGP board NVMG was Renamed NAGP And the FMGI board was Disappeared from I-Hub,
I don't think ive ever sean a board so removed from I-Hub Before
Where is FMGI's old board, and the Data Lost with it ????
And Judged they will be
Won't it be Grand !!!
We heard that story 3 years ago
I dunno being that there is a court case going on Now I would rather
Cautiously choose the sidelines rather than "buyying into the same old story"
While holding a wishes n horses expectation that this new stock could very well
Be halted to protect the public while going through the courts
If the SEC is all about protecting investors, it might be the most
Protection-ist action to take going forward of this Fiasco.
P.S. i just finished replying to another of your Posts but Yours was deleted by the time i finish typing my responce causing my post to disappear while hitting the Submit button.
Happy Trading everyone,
On 2 occasions i was made to feel unwelcome at the mention
of heading on down to the reservation,
i still have a lot of family relatively close to wolf point
(a mear hour n half by car from most of my realatives in south Sask)
its by no means a far streatch for me to turn up there,
That probly wouldn't be good, would it ?
Best, if simply left to the courts, i think would be wisdom here
Wouldn't you think?
I would guess you dont want to talk about whether or not there is any conflict
or possible wrongdoing, of the company reworking wells in 2008 and then under the guise of low oil prices,
cutting production while preparations to remove the shareholders from their investments were arranged.
in such a fashion as to possibly conceal revenue capability from the shareholders
who rightfully invested into the PR express of over 20 press releases in 2007,
Only to see the same bait being cast again, only the fish aint biting no more...
someone knows what kind of flows can be expected,
and how much water may be comming up with it, that would have been news worthy in most companys...
Wouldn't you say ?
see ya at the book burning latter...
i would dearly like to know more about the case as well as, like most
I would Wish to be on the list of class actionsuit filers
I"m sure we all would like to line up to see justice served.
Keith c Baron is still something of a mystery, Having allegedly claimed to be 2nd in command of the company
Also of interest in the first 25 page court report is they failed to spell Raj's name correctly.
they spelled it Nanvan in stead of Nanvaan, hopefully we will be able to keep up to date on the developments
i expect we will be seeing more book burnings around here
"everyone likes a campfire being the premise"
We ? the people on this board?
Or "the people in the lawsuit?"
it has to be hard to sell stock in the middle of a lawsuit....
LOLLL thats the funniest thing i heard in ages
If the glass is half full.... Raj Hasn't reached for it yet
If the mothership is under attack..... stop robbing investors
If this still looks good,.... Adjust the medication levels downward.
So Joe and Raj put 2 million of their own money into this company
which seams to have become theirs immediately after....
Investors say they put $2 million into the Native American Energy Group
Then Shiney New friend shows up to help everyone make money trading this stock
Having invested his money into this company, like "a trooper"
With truth and knowledge as his shield and sword,
He ventured forth into the Jungle of Capital Investment
All the seasons best to everyone this fine day....
So whats the Float ???
Investors Call Oil Company a Shell Game
By BARBARA LEONARD
ShareThis
MINEOLA, N.Y. (CN) - Investors say they put $2 million into the Native American Energy Group, which was just a "corporate shell game" that promised "grandiose results," but stole their money and dissolved. "The fact is, as good conmen often do, the individual defendants have so obfuscated the facts that the plaintiffs do not have an actual knowledge of what stock or security they really own, in what company, and in what amounts, in regards to both numbers of shares and percentage ownership," according to the complaint in Nassau County Court.
Some of the more than 20 individual and corporate investors say they have been involved with the NAEG or one of its three subsidiaries since 2001 but never received any shares for their investments.
As NAEG Delaware is "usurping" the original companies - including NAEG and the NAEG Founders Holding Corp., which benefited from the plaintiffs' investments - the company is stealing the other companies' assets, according to the complaint.
The investors say that after they were promised "grandiose results," they were never given any shares or securities, never given a chance to review NAEG books and never invited to shareholder meetings.
The NAEG companies attracted investors by claiming they enjoyed overseas financing and were producing barrels of oil, but they had no foreign investors and never opened any oil rigs, according to the complaint.
Nevada revoked the charter of NAEG Nevada in 2007 and it ceased to be a legal entity the complaint states.
The investors seek punitive damages for fraud and breach of fiduciary duty, restitution, books and records a new board election.
They are represented by Brian Davis of Garden City, N.Y.
WOW
"I didn't ask to see any financial statements at all at the time "
i hope they didnt hose you too bad,
Errrrr....
Did You Hose em good ???
We're talking about more than " a handful of investors"
I think it is safe to say,
And to see yourself defending these boys, well....
lets just say you have made better decisions in your life than this one.
Maybe Joe n Raj shoulda answered the phone more often.
Maybe they could have cut a better deal for FMGI
Maybe the Stinkin Pink's how to Manual doesnt cover "getting Caught"
We even have new posters on the board, forst time in allmost 2 years.
WoW, whats the ask now ?
its too bad they destroyed their shareholder base from nvmg while combining the assets of NVMG with the FMGI shell.
Its also too bad the 2nd Rig that they had press released the aquisition of, seams to have never happened, as that was the one to be built to drill new "Gas wells" as it was described by Raj.
it may also be too bad that they do not have a water injection well.
As i have been told they cannot go into sustained production without it.
the history that follows these men (Raj in particular)
(a) that from at least October 1997 to at least March 1999, Respondents induced the investing public to buy at least $2.4 million worth of shares of stock issued by NNPD Textiles, Inc. (“NNPD”), a now-defunct New York corporation that was in the business of manufacturing sweaters; (b) that Respondents solicited investors through a series of false or misleading statements including, inter alia, that NNPD would be imminently conducting an IPO and investors could resell their private placement shares at a substantial profit; and (c) that Respondents distributed offering memoranda to investors even though Respondents knew or were reckless in not knowing that the offering memoranda contained material misstatements and omissions. The Commission’s complaint charged that the Respondents violated Sections 5 and 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act
seams to show a disregard for investors for over a decade
The company seams to also suffer confusion between shareholders and company detractors.
In attempting to blame their shareholders for issues of the past when in fact those issues were the results of people who were More "in the know" of the endevours of the company, and the tribal laws regarding those failed ventures. (Uranium) and (Housing)
those 2 ventures were both tied to an assumption that they could be done, but lacked the due dilligence to make discovery of the facts that it was a violation of tribal law.
Posters like DI, Knew this long before we did, encouraged people to find out for themselves, and even took part in door to door campaigns against the company.
All of this together adds up to a company with questionable ethics when viewed in light of the 1 for 10,000 exchange.
"was it really a tough negotiation, or was it exactly what the companys managment wanted ???"
what have they done for me lately ?
again you failed to reply to me, but i was able to find your question to me.
And i would have to agree that it is a reasonable accurate representation
Of what has gone on these past 2 years,
So, Ya feel free to sticky that post.
you mean the 500 k raised to pay operating expenses and auditing costs for the past 2 years.
there may not be much left to drill with, wouldn't you say ?
no of course you would not,
no grand leap there my good man
a typical expectation of someone holding stock at such a premium discount
over the current market pricing,
its just not selling like sliced bread yet,
maybe the market is still trying to decide the price,
after all its not you or i that sets the price point
"Maybe they'll give you the difference anyway?"
you would think they would have mentioned it by now.
the Company issued 20,000,000 shares of its common stock as per a technology license and distribution rights agreement for proprietary wind turbine energy products. The shares were issued in lieu of a $2,000,000 payment
Company issued 535,000 shares as per conversion of certain loans provided to the
Company. There was no official offering of securities. The conversion prices varied from
$.10 to $1.00 per share.
can this company justify bonuses of 10 million shares for
destroying their shareholders by a 1 for 10000 exchange
when a 1 for 100 change would have left Them with 9 million shares before seeking any bonus >?
A bonus of 1 million shares each (after a 1 for 100 exch.)would have been "reasonable"
Before any other dilution factored in, or anyone began questionng their ethics or motives.
Its in the filings
NOTE: Current equity positions are expected to decrease in the year 2010 as part of
any funding arrangement consummated or conversion of debt to equity to lessen
Issuer’s debt burden. Therefore, all current shareholders including the control
shareholders will be subject to dilution as per such financial arrangements. In addition,
the three officers listed above have not received proper salaries from the Company
since its inception, and in lieu of this, the Board of Directors of the Company may elect
to issue them shares as partial compensation
And you well know it
It just does not conform to your agenda of cloaking the issues and the Past.
having a A/S of a Billion
May sudgest a comming level of additional dilution
Of such Epic scale as to consume the available space
Like a bad weed they could grow into it.
I had heard the rig was in the field working around that time as well
when i was able to reach Raj, he denied it was working. Yet they admit to it having been working in the new filings.
That the downside of needing to do filings, you can't keep hiding shit from people.
If i was asked of the people i talked to, "Who do i trust most" to tell me the truth.
Raj would not make it to the top of the list, Im sorry to say.
when he denied, what others had confirmed, well...
That explain anything to you ???
I saw the info in the filings of how they used family real estate to secure loans.
I also was told by Mr Joe on the phone, of the importance of success
To Him And His Family
What he didnt say was how the family's of his Shareholders
Held NO Importance to him, As we can see based on His actions.
Also your very proud of that 1 rig.
We have just made the final payment on Rig #1 of the two rigs that we have secured.
Wheres Waldo ????
WORKOVER RIG#2 - CARDWELL K210A
We have a Cardwell KB200 currently being upgraded to a Triple Double – Double Drum Cardwell K210A Workover Rig capable of servicing wells up to a minimum 10,000 feet. The mast specifications are 96 feet with 180,000 lbs static hook load. The front and rear axles have the capacity of 40,000 lbs. The 627 Allison transmission is being replaced with a 750 HP Allison and the engine is a turbo charged 8V92TA Detroit.
Photos of 2 rigs very similar to ours can be seen at the following link
What happened to the second ONE ???
your not avoiding calling the T/A are You
people may want to know the share structure?
Not just what it was a while ago,
we need to chart the dilution.
you might not need to flash your favorite 3 press releases around every day
You did after all make them the sticky posts,
while glossing over any possible warning signs
"he who forgets history"
they wiped out all their shareholders returning to the market
Rubarb – I’m sure that you are a swell fella in reality
Why are you talking to Me in a Post to Plugger ???
C'mon keep it straight
You said
do remember the stock (nvmg) being as high as 3.5 pennies on fabulous volume in early October of 2006 on news, but it actually traded as high as 5 pennies and .05 was showing as the high for the stock at that time on the financial information web sites
Really ??? After the 20 - 1 forward split ? you seen prices like that?
I Don"t remeber thats, Maybe we would like to see that info from your broker.
I think i got in around new years and bought for as low as .002
When she dips she dips hard here.
I also paid a variety of higher prices While accumulating...
History. 101
Each shareholder of record at the close of business on September 7, 2006 will
receive nineteen (19) additional shares for every outstanding share held as of
the date thereof. The payment date for the additional shares will be September
18, 2006.
The forward stock split will be issued as free trading shares for
stockholders who hold free trading shares, and restricted for those
stockholders who hold restricted shares, as of the record date of September 7,
2006.
They did a forward split, and "they Too got 19 additional shares
I guess thats where they got their 895 million shares
Newsflash 2010
"it wasnt a R/S It was a 10,000 for 1 share exchange"
And then when they didnt like how it hurt them
"they took 10 million shares for themselves, Before the corpses of there shareholders were cold.
And so Now they give a forboding warning that some additional dilution may occur as they Raise Capital,
Ok Kool capital raising is a good thing ?
If succesful, What then ??? they got back on the market at least
recently attained a status as a bona fide Pink Sheet public company under the
symbol NAGP, thus restoring liquidity to the stock. This was to correct a situation in
which the previous NVMG security had lost essentially all of its value and liquidity, as a
result of an SEC suspension action in March 2008,
Man, did that ever turn out to be a Blessing for the company ??
Hows That Liquidity Working Out for the rest of You fellows ?
So use a SEC Halt to punish investors, and call it "Adoption"
And really comparing any 2 companys on the list of those halted
What with most of them being pinks sheets,
are we not examining companys from the bottom of the markets
if i were to say we were comparing apples to oranges
would they nit be "the rotten apples and oranges"
DOES ANYONE KNOW HOW MANY SHARES ARE IN THE OUTSTANDING YET
Now lets just stop the presses for a minute here and pay particular note
To paragraphs A and B (a is taken from the initial company disclosure filing, while b was taken from the 2009 soon to be audited financial report
How do you aquire something in 2007 and PR that fact, then 1 for 10,000 share exchange your shareholders, then pay for the license in 2009
a) February 14, 2007 – NAEG acquired Exclusive License for Proprietary Wind Turbine
Products. The rights encompass all Indian lands in the United States & Alaska as
well as the entire state of New York. License and distribution rights cover approx.
112+ million acres in the United States equal to approximately 5% of the total U.S.
land mass.
In 2009, the Company issued 20,000,000 shares of its common stock as per a technology license and distribution rights agreement for proprietary wind turbine energy products. The shares were issued in lieu of a $2,000,000 payment for such license and distribution rights. The rights encompass all Indian lands in the continental United States and Alaska as well as the entire state of New York. License and distribution rights cover a territory of approximately 112+ million acres in the United States, equal to approximately 5% of the total U.S. land mass.
If something smells fishy in Denmark
You Should Smell the TRIPE comming Outta New York City
Native American Energy Group: June 2009 Update
FOREST HILLS, N.Y., June 8 /PRNewswire-FirstCall/
Mr. D'Arrigo continued, "It appears, as far as the results of the Company's investigation, that the securities of as many as 100 other companies, rather than just 26 (as was first thought), were affected by a tactic known as 'corporate hijacking' or 'corporate identity theft' over the past 6 years.Several of those companies have been successful in obtaining financial statement audits, filing a Form 211, and being re-listed onto the OTC Pink Sheets or Bulletin Board. This gives us genuine hope that we can do the same."
SOOOO ????? Joe Which was it, were we the first or Not ?
Read them 2 staments over a couple times, and check the dates
Tell me when you get it, No better yet, keep it to yourself, "i don't care"
Why would Joe say that last year if it wasnt true ????
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48124537
NAEG Advances to Current Information Tier on Pink Sheets
FOREST HILLS, NY, Feb 09, 2010 (MARKETWIRE via COMTEX)
Joseph D'Arrigo, CEO of Native American Energy Group, expressed confidence in reaching the Company's strategic goals. Mr. D'Arrigo stated, "We are proud to have achieved a liquid public market for the Company's shares. NAEG is the first and only Pink Sheet Company to re-establish a bona-fide public status and resume trading from among the 'Original 26' companies that were de-listed to the Grey Market in March 2008.
NOW LETS BLAST TO THE PAST
http://www.prnewswire.com/news-releases/native-american-energy-group-june-2009-update-62028447.html
thats my point,
I wish you would not engage me, i'll expand on it with "imagery"
that hopefully you will be able to understand
Oh No You Didn't
Tell me you didnt just lay all them crap answers on me,
let me expalin it to you after i eat and clean up.
You can expect replys to some of your posts
In my own Due time.
lets call it "shortly"
"OT"" C'mon Tell me your still UP
Im ready to fight...
LOL
seriously, take a day, if u need
dont Just go off half cocked....
And now a final retort on my previous post
"IMO" Either Jay or Raj are responsable
Jay from FMGI for demanding too much for his shares/shell
In regard to a 10000 for 1 exchange
or
Raj, for accepting such Unfair valuation on our behalf.
by baseing the value of the company on a grey market price.
rather that a more viable value.