North West Oil Group, Inc. (NWOL)

[Lochan]

To cynic2005

You might say the financial statements do not appear to be credible, but that is because the company has posted them without including the explanatory notes. I think a spin off of a segment of the business could have the effect you pointed out on asset base and paid in capital, but I could only know that if I saw the notes to the financial statements.

I would suggest that rather than just express cynicism, you
could either contact the head office and talk to the company's managers about the defects in their reporting style or hold your criticism until the audited financials are made available in a few weeks time. Best might be to offer your professional services to help the company navigate its way through GAAP and GAAS. They may even offer you a few rubles (or shares of NWOG) for your work as a consultant. GLTY