Thursday, May 25, 2006 1:42:20 PM
He traded two of his divisions for shares that are trading at this pps.
Both parties thought/think there was/is value in this merger, otherwise they would have not done it.
Now, no one in NDOL or NWOG is benfiting from this. The holders of the restricted stock can't be possilby happy, Parkin included, even if they can't sell for a year.
There just has to be someting again that we don't know.
Who is buying today? Can't be insiders without filings. So,why wouldn't it be those who know the enterprise and its players. .16 makes as much sense as $5.00. 10% of the float has traded so far today. Yeah, I'm disappointed, but game is clearly not over.
Just like my Suns last night!
jmo
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