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Thursday, October 26, 2006 7:20:30 PM
Becoming non-reporting. PRs does not state funding/revenue (projected). Nothing.
I believe NDOL should be exploring and drilling for oil. Why accuire more assets/projects when they not even pumping oil (or more oil)?
Too many unanswered questions. Also,having an international auditor means nothing (until they audit something). The auditor will not turn business away until they find something is not kosher. Right now is too early in the game.
Also, I have this feeling that the buy out for $2.17 (? - can't remember exact figure) never occured because there was NO MONEY!!!
Parkin might be right (if true) in saying that this was in the best interest of NDOL (but does it include the share holders?). This NDOL may still be a gem, but with dilution right now, it looks like this gonna be a VERY LONG TERM HOLD HERE.
Since Parkin is an attorny, I know he is slick and wants to keep liablity in "arms length." Hence the hiring of a PR/IR firm. Very smart Parkin.
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