Replies to post #30991 on Native American Energy Group Inc. (fka NAGP)

[Foxwoods Man]

One minor detail that you are forgetting. For those here that have been with this mess for MANY years the "COMPANY" has taken care of all the "down" part of the portfolio value with repeated reverse splits..

For example when we got into this just a tad over 10 years ago a $10,000 deposit into this fine product at 10 cents a share you would have 100,000 shares worth, obviously, $10,000.

After the 1st R/S (just 2 years later) your share total now would be 500 shares

After the 2nd R/S (again 2 years later) your shares would now be 50 shares. Your $10,000 is now (at today's inflated prices) worth less than $18

Averaging down is a ridiculous suggestion. You can't average down when all of your shares have been taken away and the share price reduced to pre-split levels. THAT is an unrecoverable loss...

"Insanity: doing the same thing over and over again and expecting different results." - Albert Einstein

[plugger]

I thank ya...but when one has been screwed, blue'd & tatto'd by an operation such as this, one quickly learns...The only reason I am around today is because I purchased a front row, center seat to this show. This company has nothing, has had nothing for several years, I am real curious as how they pay the rent, then I am also very curious as to what they will come with to get folks to buy into this....I will try to be 1/2 way polite here, but, with their past history of putting out pr's on a very regular basis, offering information on their oil works, their purchase of 2 new oil rigs, their wind turbine business they were into, their natural gas operation in Alaska, their building affordable housing in the Indian Nations for the Native Americans & housing manufacturing to employ Native Americans, then going as far as to call investors insuring them that their investment was very safe.....now hang in here with me for a second...a company that treats investors this way, best leave it right here.

May I seriously ask the few of you that are optimistic, what in this God's world would make anyone believe that this company is any different that what it has been for years. I suppose if they do business overseas that it becomes more difficult for legal action against them....you do know they spent a lot of time in and out of court for, well go look up the court cases....IMO...folks like this do not change. Now if folks want to invest, I offer good luck, hope they make a bundle, will be interesting to sit on the sidelines and watch the show...