InvestorsHub Logo
Followers 4
Posts 743
Boards Moderated 0
Alias Born 02/25/2007

Re: alphaworx post# 26176

Tuesday, 04/28/2009 10:36:26 PM

Tuesday, April 28, 2009 10:36:26 PM

Post# of 33904
Point is, if NAEG is diligently trying to get re-listed on the OTC, they must first complete the audited financials gauntlet which requires "NAEG will have to rely on the response time of" Native American tribes and U.S. government agencies. Sounds daunting, at best.
Second, NAEG must find a broker-dealer willing to "gather, analyze and maintain current financial and operational information" and submit it along with the 211 to FINRA for a "review and comment" period with the NASD which "could take 3 to 6 months" or longer.

So, if this all happens, we may finally get answers to many of the questions that have been asked but not answered for several years now (the "rigs" among others).

what is the incentive for the Tribes to cooperate? have you ever seen a government agency do anything in a timely manner? what incentive is there for a broker-dealer? and finally, what incentive is there for Raj et al to re-list?

It is encouraging to see the web site up and running, again. I wish there was something fresher than 2008. Where did they park those rigs?

Why would anyone want to re-list NAEG? Personally, I hope it happens. I am still holding a chunk of shares. How about you?
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.