Wednesday, October 12, 2005 11:06:26 AM
You'd think a 50% drop in share value (since August) would warrant an explanation from NAUG management as to what the current situation is? Here's something to consider ...
Lets say NAUG drops to around $2 and the audits FINALLY come out:
(1) The audited numbers prove to be "in line" with what has been previously stated. Even if you get a 100% increase in share value the very next day, ...most NAUG investors would probably STILL be sitting on a losing investment and be fairly pissed off.
(2) The audited numbers prove to be "NOT in line" with what has been previously stated. The stock stays at $2 or even lower depending on how much they have missed.
(3) The audited numbers prove to be "even better" than what has been previously stated. Even if you get a whopping 200% increase the very next day ($6 per share), you STILL don't see an all-time high for the share value as a result ...even though the audited numbers have proven all that management has stated all along ....and MORE!
This is what happens when you make major promises and predictions ............but miss your deadlines in doing so.
EPROM
P.S. As stated before, I'm hanging tough with my NAUG/NWAU shares ...but management's handling of this situation certainly does not reflect the best interests of the current shareholder (in MY opinion).
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