So, what the heck happened to Northamerican Energy (NNYG) yesterday?
~~> NNYG .018 x 72,638,335 = 1,307,490 nano
~~> NNYG .023 x o/s 72,638,335 = 1,670,682 nano (DEc 26, 2006)
Great news, and yet we lost $363,191 off our cap, or 22%.
What gives? Did the company "dump" into the PR? Nope. The capital structure did not change.
As of December 27, 2006
A/S: 450 mil
Issued & outstanding shares: 72,638,335
restricted shares: 17,233,587
float: 55,404,748
Then what happened? Well, my guess is that stock is perhaps now oversold after seeing the spam that was released over the weekend.
Get NNYG First Thing After Christmas. This Is Going To Explode!
Check out for HOT NEWS!!! The alert is ON!!
Northamerican Energy Group Corp. (NNYG.PK)
CURRENT_PRICE: $0.024 GET IT N0W!
TARGET PRICE IN 1 WEEK: 0.09$
Please use your brokerage site to read the full news on this exciting
company.
It is your unique chance to double or triple your investment in 1 week.
Go NNYG now!
This is usually a red flag, and means the company is about to dump shares. Since it was not the case, NNYG just may be on sale.