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Monday, November 15, 2010 11:04:39 PM
I just wonder if the company felt pressured to release a PR due to all the people contacting them. So they put it on their website and don't release it anywhere else? How much does it cost to issue a PR? There hasn't been any real buying pressure since the release indicating that the company is buying back shares. Yes I know the PR came out on Friday, but wouldn't it make more sense for the company to buy the shares at this level the waiting for a move over .01?
The other issue they haven't cleared up yet which is the big one. Is NSFE still a shell? There has been no proof that they have filled the Shell but in their PR they state " Nationwide is announcing that it intends to begin buying back up to Fifty Million Shares (50,000,000) of the company's outstanding stock on the open market. The company feels that the company's stock, at its current price, is a good investment for the company."
Also when you surf their website they have an investors section with links that take you to yahoo finance for the stock quote for NSFE. Why does it do this if it's a shell. Seems misleading...
I've sent emails with serious questions and have not received a response. The only way we get to .01 or above is if they start buying shares back like they said they would or they gives us more updates...
Not being negative here. 1/3 of the volume today was mine FWIW.
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