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Friday, October 20, 2006 10:24:23 AM
I think you have valid questions, and hopefully some of the more informed folks here will have some answers for you, as I don't.
To me, the fact remains that, as chaotic as the developments have been, they have in effect turned out pretty much as reported, albeit not on a achedule that we would have liked.
Deloite & Touche seem to have expertise in getting companies listed on the A.I.M. - their signing on would make sense in terms of getting that accomplished. Probably also in terms of arranging the 60mm financing that was reported. I would have hoped for some movement earlier, but it does seem to be happening.
A question that still nags at me is what wil likely happen to our US-based shares when NWOG gets listed on the A.I.M. - not so much whether we can trade them or not, but what their value will be in relation to the AIM value. Will it be the same? Or will there likely be a reverse split to get the value of the two in line? I have posed this question before, and there have been some attempts to explain, but it is still not entirely clear to me. I understand about ADRs, but not sure about equivalence. That is, if I have 100,000 of the US shares, will I have the equivalent of 100,000 shares of the AIM shares?
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