North West Oil Group, Inc. (NWOL)

[texas tom]

STRONGUS is the one who posted that there are 10.8 million naked short shares. This is based on his calculations, post R/S. We later found out that the Dodge group has admitted in public on their website that they have naked short sold shares of NWOL. This was posted October 28, 2008. Links to the Dodge group hardball web site was posted by OILSPEC.

The latest information we have on O/S is 2/22/08. The public float is 5.5 million shares. NWOL has increased the A/S. This was solely for the purpose of acquisitions. There has not been enough shares traded, post gag or increase in A/S, to suggest dilution of shares. To the contrary, NWOL has stated in previous P/R that they are doing share buybacks. This statement is corroborated by NWOL management now owning 59% of the public float of 13,000,000 shares. This excludes the 10,000,000 restricted shares owned by one person.

I have not seen any concrete evidence to suggest that NWOL is a scam. To the contrary, NWOL would not be holding a press conference on November 19, 2008 to tout their acquisition of the Marbella beach front hotel in Spain. Remember, the richest people in the world vacation at that hotel.