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Thursday, April 19, 2007 11:37:10 PM
for the release of its audited financials. That will be a turning point for this company. From there we go to fully reporting and an uplisting onto the OTC:BB. And the deal with SNG should be completed while negotiations with Syria are being
finalized, all in the coming months.
While waiting thirty days for the first of these announcements,
we could easily see the pps drop some more and settle around .03. But once the PR's begin, NWOG is upward bound.
We have been in contact with the auditing firm and they
denied an end of April release of audited financial statements. Their reply was that a complex audit that includes the first quarter of 2007 could never be completed that quickly. I have made this point here a few times myself, so
I accept this company as the real deal. We will have our AFs,
and that will allow us to determine NWOG's true value. It will establish their credibility in the marketplace and push the pps to a more reasonable level. The next four weeks could be a little depressing though, but a great time to buy!
OT: We saw the price of AURC drop to .04 just two weeks ago
and it is now at .12 on news of a possible cash buyout. Similarly, I expect NWOG to double its current price by the end of May and get back on the winning track (but without the announcement of a buyout offer). All IMO.
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