Replies to post #673 on Northamerican Energy (NNYR)

[zagdad]

Creede, thanks for the post/answer because as I looked at this stock, went through the DD effort, talked to Jon I realized that as a shareholder I would be exposed to a 9 BILLIOB common share dilution if the Preferred share holder (s) were to exercise - which they did on a very minor scale once along the way....sorry but a potential jump from the current 46.6 M OS to 9,046,600,000 does change my view of my potetnial investment. Not being a basher I just had to ask the question to make sure I was still understanding my DD.

I would think it should be added to the IBlock as it is dammm important IMHO.

I would suggest that someone who is a friend of the president/principle get his to revoke or alter dramatically the conversion rate. Don't ya think...?

GLTA, zagdad

[jchristiang]

Given everyone's concerns (which are warranted) I wanted all the stockholders to know that if, and when, shares are issued out of the Convertible Preferred they are, and will be, issued for acquisitions (in lieu of cash), to sell to raise funds, or things to make the company better and stronger
...etc....etc... NOT to line my, or any one individuals pockets.

The Convertible Preferred is something very, very, very few companies have and if used properly (which it has been) can only help the company and it's stockholders long term.

I hope that addresses your concerns but please feel free to ask me if you have any questions.