DD Support Board and Research Team

[nodummy]

re: NWAU

When did you buy your shares?

NowAuto Inc (NWAU) was placed on the grey market in 2009



The last time the officer of NWAU did any filings was in 2005.

https://www.otcmarkets.com/stock/NWAU/disclosure

The Nevada business for the entity has been dead since 2005 and is permanently revoked.




To make matters worse, the old website for NWAU at http://www.nowauto.com was purchased by a completely unrelated car dealership in Canada in 2013



And now forwards to https://www.murraygm.com , so the pumpers instantly started pumping the long dead stock as some kind of car empire when it was put on the pink sheets on May 12, 2020.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155575196


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The same year (2005) that the NWAU CEO, Scott Miller, abandoned the NWAU shell, he moved his company into a new public vehicle - Global E-Investments Inc (GEIV), and that public Issuer became Now Auto Group Inc (NAUG).

https://www.otcmarkets.com/filing/html?id=3800996&guid=YaFaUqB4i2mN1yh

I can only assume that he wanted an SEC reporting Issuer for his business instead of the pink sheet shell.

He kept NAUG active for a few years. Then in 2011, Miller did a Form 15 and abandoned that shell too.

In 2012 or 2013 and it became revoked at the Nevada SOS.

In 2015, Joseph Arcaro gained control of the abandoned shell through the courts using a custodianship petition and started doing OTC filings:

https://backend.otcmarkets.com/otcapi/company/financial-report/142550/content

In 2016, that Arcaro sold the shell and became Consumer Automotive Finance, Inc (CAFI). It still trades today:

https://www.otcmarkets.com/stock/CAFI/profile


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The bottom line is that NWUA has been a dead shell since either 2005 or 2011 (depending on your point of view) and so ...

Why in the world did OTC Markets move it from the grey market to the pink sheets on May 12, 2020 anyways?

It makes no sense.

All they did was create a situation where a stock ran from $.00125 to $.40 back down to $.02 in just a couple of trading sessions.

What was OTC Markets thinking?


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And because NWAU was moved off the grey sheets, somebody named Xiaojun Ren filed for custodianship of the long abandoned shell in October of 2020, which got granted today:

https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=irPTDLcix1HZ1Nb1CctduQ2&tabIndex=3


So, an Issuer that should have been deleted years ago may end up being used for some kind of future pump & dump scam.