North West Oil Group, Inc. (NWOL)

[ekythump]

Ronnie, I don't believe this to be a vague issue AT ALL.

Think about it. If no new shares were issued, then NWOG would basically be giving Nord all their assets for absolutely nothing.

You can think of it as NWOG seeing Nord and saying "hey, we want our company public too, help us by merging!"

Our pps before the merger was estimated at $2.17. We have estimated pps at $2.17 for the shares we have now. When NWOG merges, they get enough shares issued to them so that their shares are also equal to $2.20 pps.

It's $2.20 pps now instead of $2.17 presumably due to economies of scale/voice.

They bring more assets to the table, so they get 59% of ALL shares. Our 41% of the total shares represents the amount of NDOL shares issued now. Nothing is going to change with them except that we have a new name, more economies of scale, and a better market presence.

And whoever said it is right, the daytraders had this thing by the balls when it announced the merger. This wasn't bad news, just news that shifted the interest in the company from flippers to investors. That transition will take a little bit of time to fully complete.