Foxwoods - That’s the kind of intellectual honesty that I think is necessary for a discussion on any of our investing ideas concerning NAGP.
As Foxwoods said, “Investors are concerned and focused on what a company is doing NOW and if it shows a positive direction for the future.”
So let’s be genuine. IMO, the opportunity is not lost even if there’s nothing glamorous about this story right now. It’s plain to see that there’s no buzz to excite anyone, but that doesn’t have to mean that the company has run its course. The only recent news that I saw was the NT 10-Q filed by Native on August 17th, so that’s what we have to go on. I read the Narrative in PART III very thoroughly and can only conclude that as soon as it’s reasonably practicable for NAGP, they will file. It’s anyone’s guess if they can do that soon, if at all.
That being said, I’m here to tell you that I’ve made money on turnaround situations before, and I know what to look for and I use my intuition. Once, my broker called me to let me know that a stock that I owned that had been mostly dormant for 2 years was starting to show signs of life, and it went up up up after that. Ever since then, I began to look for volume changes and filing activity, news and so forth, for signs of a reversal among different stagnant looking stocks, including here.
It’s a trading strategy that sometimes works, so to me, it was meaningful to see the late filing notice. It means they’re here and they could resume reporting at any time (just my opinion), although it still doesn’t guarantee anyone a profit.
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