EZ Traders Forum

[treepeople]

BTSI -- 1:12 Reverse Split tomorrow and new name/symbol

13:26 10/25/2005 BTSI Bio-Tracking Security Inc. Common Stock NDOL Nord Oil International, Inc. Common Stock 1-12 R/S **

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/24/2005&mkt_ctg=NON-OTCBB

It closed at 2 cents, so with 12X, $0.24 PPS should be the start tomorrow. If the MMs try to pay around with it, I’ll be looking to scoop up any cheapies. I feel this will be another one of the few reverse-splits that works out well for shareholders (like recently SCRE to HFGB).

The current 432M O/S is being split 1:12 to become 36M and then added to 180M restricted shares.
This 36M float should move nicely on any additional leases/reserves that Nord may have to announce.
Regardless it is already a very undervalued play.

Nord Oil -- http://www.nordoil.com
[awesome website, should be a model for other oil companies]

$52 million market-cap ($0.02PPS X 12 (reverse split) X 216M o/s)

6,300 BOPD (from estimated production on website: 2,300,000 for 2006 / 365 days)

48 million BOE reserves (15m proved + 33 probable)

“Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.”