North West Oil Group, Inc. (NWOL)

[Lochan]

"Why couldn't a $5.5m company go out and hire qualified help on their own?"

I guess you mean an IR dept.? With all the experience on this board, we could probably recommend who they could hire, since they don't seem to have a clue. But why have an intermediary if we can deal directly with them? It would take an IR firm many months to get up to speed just to find out what we already know.

Or do you mean hiring an accounting firm that knows GAAP? Maybe RSM Top Audit is on top of it. They should be, if they are one of the principle international auditing firms as they claim. Agreed. The company should take responsibility to have this all done correctly, and we would be able to apply pressure (discretely) in that regard if we had regular talks arranged through an I-hub rep.

My own question has to do with the 33 million barrels of oil
proven and probable claimed by Nord Oil pre-merger. I would like to see whether those depletable assets are reflected in the NWOG financials or notes to the financials. I would also like to ask whether the new company has any intention of making use of the licenses formerly held by Nord at any time in the future.

As for why they don't hire additional professional help, it may be because current liabilities are already so high and their cash position is so low. Trying to lower expenses.

My last comment tonight: Morbid curiosity is better than
no curiosity at all. Or, as the saying goes, a blind uncle is better than no uncle.

Thanks, cynic2005, for your greatly thoughtful comments.

Lochan