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Monday, October 27, 2008 5:09:18 AM
Total shares outstanding 23,500,000
one shareholder owns 10,000,000 restricted shares
the latest NWOL PR states that NWOL or NWOL mgt owns 59% of float, public owns 41% of float
(59% x 13,500,000 = 8,000,000 (NWOL or NWOL mgt. share of float)
(41% x 13,500,000 = 5,500,000 (public share of float)
There has been an increase in Authorized shares to 100,000,000. This is so that NWOL can use the additional shares for an acquisition.
STRONGUS posted that naked short share position in NWOL is 10.8 million shares. He studied all the transactions after the R/S. He also consulted with Tom at Buyins.net. Strongus determined that there was a 10.8 million share naked short share position.
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