Replies to post #19145 on North West Oil Group, Inc. (NWOL)

[leebret]

You out foxed yourself, oldinvestor


"There was no tactic nor innuendo involved"

OH really!!!!!!!!!!!!!!!!!!!!!!!!!!!

Quote:
I would submit that one of the reasons they switched auditors might be that RSM Top Audit would no longer certify their financials, and hiring a new firm is merely a stalling tactic. (I am saying this toungue in cheek....ANYTHING can be spun any way a person wants.)

Wink wink wink............lmao

[wrongjoe]

Point taken, and I think you are correct in that statement. I think for those paying attention, the legitimacy of this company is not at issue. When the financials were put out in June, it showed a fast growing company that at the time was fairly valued in the 30 cent range assuming the aggressive growth continued. Unfortunately there's been no confirmation since then that the growth has continued. No financials. No additional oil fields. No documented ramp up in production.

At this point in the company's life, folks want visibility into the fundamentals and see a clear path for near term growth. Hiring D&T is a step towards getting there, but it's not enough to overcome the PR's that talked about impending deals, none of which seem to have been finalized.

I have a lot of faith this company will do well long term. The short term prospects are still very hazy.

[WhiteSahara]

Old Investor, I have been watching NDOL for months as past PR's have indicated they possessed enormous potential for share price growth.

Two days past, they signed a $3.6 billion dollar contract for processing oil/oil products in Syria. This PR pulls them our of provincial Russia and onto the world stage. Perhaps you are the exception, but for many that is very eye catching. The negative is the length of time one must hold to derive financial benefits from the project but the impetus for huge revenue production is now in place.

To have one of the most prestigeous Accounting firms in the World now agree to provide auditing and perhaps seasoned consulting is extremely remarkable. It portrays the depth of commitment NDOL is placing on their future by expending large capital commitments to financial disclosure, accuracy and viablity today. It also speaks to their solvency.

This alliance provides immense credibility in a Pinksheet listed firm that has struggled to find fair value in their current price structure.

You are more than inaccurate with your suggestions that this PR is meritless. Your statements are foolish and more of an indictment on you than on the firm you seek to diminish.

Airdale

[cfpjbs]

You don't get it Old Man, it's like comparing a Bently to a Calilac or a Ferrari to a Corvette. I love Caddy and Vettes, but they don't compare to Bentlys or Ferraris.

[jstick2000]

You don't get it. This is a big step. A major CPA firm in the UNITED STATES. This is more credible than a Russian firm for US investors. This is what we want is crediblility and recognition. This helps.

[marayatano]

You are absolutly correct. It does not matter at all who the auditor is. What matters is what they "DID" audit which is "NOTHING"... yet at least.