Saturday, May 20, 2006 11:32:37 PM
I would say that some of us have delved deeper into the DD of this company than any financial institution has. It wasn't until I hit the bottom of what I thought was the available DD out there before I realized how this company works, and how we are undervalued.
Most people get the inkling that it's undervalued, have numbers to show it, but it's not until you understand how the reverse mergers work that you can actually be confident. That takes a LOT of DD to get there.
And yes, once you know who turned the buyout deal down, it makes absolutely perfect sense why they did.
It's like this...
Say you are a Cuban citizen who owns a rare car. You know that you can get $4000 for the car in Cuba, but that there are also collectors in the United States who will pay you $200,000 or more for it.
The only way you can sell the car in the United States, and maximize your profit is if you get help from a U.S. citizen to do so.
You cut a deal with him and say that you'll pay him 10% of whatever the buyer will offer if he helps you sell your car.
Now, shortly after you get your car listed in the United States, somebody offers you $50,000 for the car. Your "broker" is enthralled at the prospect of making $5,000 out of nowhere.
You, however, turn it down because you know what your car is worth in that market, and it doesn't make any bit of difference to you whether or not the guy helping you sell it has just made a ton of money or not, because to you-- you know how much it is worth and you're not going to sell for any less.
Cuban= Majority shareholder of NDOL (Owner of Oil before reverse merger with BTSI)
US Broker= You and me, (Remainder of NDOL Shareholders)
Guy offering $40,000= NWOG
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