InvestorsHub Logo
Followers 85
Posts 8631
Boards Moderated 0
Alias Born 12/11/2003

Re: Nawk post# 6

Thursday, 09/02/2004 5:03:03 PM

Thursday, September 02, 2004 5:03:03 PM

Post# of 17
It possible that it is being shorted but here are 2 other senarios which I think are more likely

1. Conversion of the $1 M debenture is taking place into shares(I think its possible that this has been taking place for some time) and in this case we will see a nice spike when they are done.

2. Short covering by the debenture holder is taking place to hedge their bet. In this case too I think we will see a nice spike soon

I don't like that they didn't even file the NT-10Q though, it seems to me that the Toronto office is either closed OR its number has changed. The Korean number works, where they have their main office, believe it or not, I called to 2 times but dont speak Korean and they dont speak English.

Yes this is a big gamble here but I think if they file the 10Q we will see a huge spike back into the cents!

MOM :)

PS. Back in March to you remember if their website was the same as now ? It says that it is a new site. I am trying to figure out how new it is. Its a nice site for an OTCBB stock I must say.




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.