North West Oil Group, Inc. (NWOL)

[eik]

They don't want to change name, they are proud to be North-West Oil Group (it's not a joke). The latest events could change this attitude, but I doubt it.
My current opinion:
1. Reverse split is unavoidable and will happen soon.
2. The announcement should be accompanied by good news. Maybe a number of PRs. NWOG is not selling shares. So, if done right, the RS could be good for the stock
3. Someone else with big unrestricted position is probably selling. Main suspects: Party and Parkin. :) Maybe shorts are covering in anticipation of October change in NSS rules.
4. All deals are still "in process". SNGF loan is not approved yet, but the fact that there is no negative decision from the bank by now means that chances to be approved are pretty high.
5. I know for sure that NWOG has been working with US accounting company.
6. From past conversations I have their word that the management is not going to give up on the public company. "We ARE the public company!" Do I believe it? Probably...

All of the above is IMO, I don't have any sources. Holding my NWOG position, but don't watch the stock and MB during the day.