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For all practical purposes, owning unconverted NWOG shares

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oilspec   Thursday, 10/11/07 01:14:55 PM
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For all practical purposes, owning unconverted NWOG shares is like owning restricted stock. The current "effective" float must be REALLY low. The supply of NWOL shares has to be limited, and that explains a lot of the current volatility. When the locked-up shares become free trading, it will be just like a big block of restricted stock suddenly becoming unrestricted and there will be a fall. Will it be -10%, -20%, -30%? Or will any drop be offset by the second asset report and/or news of the SNGF acquisition? The next few weeks should be very interesting....



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