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Alias Born | 07/19/2006 |
Friday, August 18, 2006 3:27:05 PM
You expect us to believe that Sibir Energy, a publicly held company, sells an asset for 350 million dollars, and makes no mention of it to their shareholders or the investing public?
You expect us to believe that NDOL/NWOG, a publicly held company, borrows 350 million dollars....and discloses absolutely no facts about it....does not disclose the lender or lenders, does not disclose the terms of the loan, and does not disclose the repayment schedule?
You expect us to believe that a money manager or consortium of money managers and banks loans out 350 million dollars, and not one word of it appears anywhere. Remember, the announcement of prospective financing did not mention an 'anonymous benefactor', but rather: "The company is expected to conclude the transaction over the next several months, and may be simultaneously executed with a listing on the Alternative Investment Market (AIM) exchange in London, where the debt financing is being arranged"
There may in fact be some things a Pinkie does not have to report to the government, but that does preclude them from carrying out their fiduciary responsibilities !!!
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