Replies to post #8164 on North West Oil Group, Inc. (NWOL)

[BonelessCat]

IHDR, The question is a repeat. In fact, repeated several times now. How can you state "I haven't seen this questioned before" with a straight face and without a wink and a nod? Just wondering. ;-)

[robsaia]

IHDR: As I posted at least three times before, this was a merger from the beginning. However, just because they do not show $500 million cash on the balance sheet does not mean that they do not have that capability as this merger involves only 2 divisions. Still, I agree with you that they need to restore credibility.

[makesumgravy]

Ihdr, whether they have the cash on hand is irrelevant. They can always do a loan. Using Ndol's assets as their collateral, or something else so this wouldn't work.

Does it indicate that the proposal was done in letter form or by phone?