Native American Energy Group Inc. (fka NAGP)

[VH Gambler]

Anniversary coming up

http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=9908183&topic=NVMG&symbology=null&cp=off

cut and paste could explain much as to why no OTC re-list, yet:

Current regulations require the broker-dealers submitting a Form 15c211, to gather, analyze and maintain current financial and operational information relating to the issuing company. The process is an interactive one with NASD, and requires a significant time commitment on the part of both the broker-dealer submitting the 211 and the issuer wishing to become quoted. Form 15C211 was designed to allow a non-reporting public company's securities to be quoted on the NASDAQ OTC Pink Sheets by filing some simple disclosures.

Native American Energy Group is preparing to file Form 211 with the disclosures necessary, including audited financials, to be in compliance with the Securities & Exchange Commission and other regulatory agencies with the aim of re-listing and trading on the OTC Pink Sheets market again. The Company is also actively seeking a Market Maker to file the Form 211 with FINRA on the Company's behalf. The indication from the Market Makers is that the review and comment period with the NASD could take 3 to 6 months after it is submitted. It may take longer due to NAEG's recent suspension.

NAEG will be required to have its accountants prepare audited financial statements prior to filing a Form 211 with any prospective Market Maker. Considering the Company's various activities with Native American tribes and U.S. Government agencies, such as the Department of the Interior and the Bureau of Indian Affairs, NAEG will have to rely on the response time of such agencies with respect to confirmation letters needed to complete the audit. The Company is now in the process of completing and submitting its books and ledgers to their Certified Public Accountants so that compiled financial statements can be prepared, which will then be audited by a PCAOB registered auditor.