Hello again all,
.....since I seemed to create such a stir the other night, I thought I would check to see what all the fuss was about. I think I figured out what the hullabaloo was all about. There seems to be a battle going on about whether or not this is a legitimate stock or a scam stock....am I correct? And it further seems that each group feels a need to defend their position....also correct?
With Pinksheet stocks this is almost always a consideration...and over the years I have developed a pretty good system for differentiating the two. It wasn't nearly as accurate as it is today....and I have the proverbial stock certificates hanging on the wall to remind me...LOL. Oddly enough, it doesn't require reading balance sheets or spending hours upon hours reading financial statements, etc. All it is, is a series of questions I ask of myself, together with some observations, and then I see what my answers are. Positive answers and observations on one side of the page, negative on the other. Quite simple actually, provided you develop good questions to ask and good things to look for...takes emotion out of the question.
In any event, I decided to see how this Nord Oil stacked up, so I put it to my test,,,,and can honestly say I would have walked away from this stock. There are far many more to look at that would be more positive.
Now I would like to respond to some things which I read concerning my post the other night.
Firstly, I thought I made it absolutely clear that that I was just making a statement of fact. Before that night, I had never heard of Nord Oil, North-West Oil Group, NWOG....so I did not tailor my question to the SEC regarding any stock....it was a general question that I thought I knew the answer to, and just wanted confirmation before I opened my mouth.
Secondly, I spent thirty three years as a firefighter in NYC...so don't even think about whether I have the 'cahones'
to be upfront with what I say...LOL
And thirdly, and this I consider most sad, is the statement that "no one would be correcting something if they didn't have a vested interest or motive".....or words to that effect. What makes this especially sad is the fact that this was said by a TEACHER. My God man, don't you think our children deserve a little better attitude from one who is supposed to "teach". Do you have to question a student's motive before you let him answer a qustion? Or wonder why he took the time to correct something another student got wrong when no one asked? God help our society with too many of your kind of "teacher"
I ended up writing far more than I expected....for that I apologize. But then again, no one forced you to read all of it...:)
