Being the cynic that I am on this stock....the CC may be scheduled to give MR. M a chance to explain why the audited financials might be delayed...you know...language problems and regulations and all.
If you all remember, when the merger took place, the old North-West Oil group (privately held), did provide audited financials....Nord Oil was supposed to as well, but couldn't. Unless and until the company structure is clearly defined, the only traders here are going to be the gamblers.... the guys jumping into and out of boards looking for quick action.
An investor wants to know exactly what he is buying so that he can put a value on it before getting in....that is the trader you want....and somehow have to attract.
As an example, I give you DANS (Danskin- you have all heard of the company) which is also a pink, that went dark years ago. A legit company, in every Wal-Mart and Target...last reported revenues over $100 million dollars....and only 10 cents a share...because nobody looks at it. Just this past week, they recieved $70 million in a deal with Iconix. No ifs, ands, or buts....70 million bucks changed hands...and the stock moved 2 cents...LOL. The stock would legitimately support the price of a dollar a share given the share structure....go figure!!
To be completely honest and open....I have 40,000 shares....which I bought about a year ago while searching. I just let it sit....thinking that if I die before the rest of the world finds the stock, my grandchildren will someday reap the profits...LOL. Given the exposure it will now be getting having their name in the Iconix stable, maybe the grandchildren will be getting the cash, instead of the stock...LMAO.
