How could anyone state what the share price will be in one month or in one year? What Malyshev probably meant to say, or should have said, is that because of the progress we are making, if the pps is below .30 at the end of September (that is, after the SNGF merger goes through) the Company is seriously undervalued. And if, by the end of the year (meaning when the stock is listed on AIM), it should be valued at $1.00.
My expectation is that we could be at .30 by year end if the market responds with some exuberance to the Company's achievements and steady oil production, and if NWOG has something substantial to report by then concerning its future uplisting.
In general, investors have a terrible aversion to dealing with pinksheet stocks beause of their shadiness and volatility.
The situation would improve dramatically, in my opinion, if NWOG first moved to the OTCBB. In the minds of investors, that alone would increase the company's credibility and have a serious impact on pps. It would also allow some institutional investors to get involved.
However, I don't expect the Company to endeavor for an OTCBB listing. They don't see it as that much above the pinksheets. Malyshev has set his goal alot higher than that. He wants to be on a major exchange and to move there from the AIM. I think that's what many Russian companies are doing these days. EIK would know.
I am in this stock for the long haul, and if it takes a year or two to reach $1.00, I will still be overjoyed. I wouldn't hold Malyshev to his 2007 year-end prediction. He may not know fully what he is up against on the pinksheets.
As far as a name change and ticker change are concerned,
it's something small-time U.S. companies do all the time, but I don't expect Malyshev to consider that a solution to the problem of NWOG being undervalued. I think he wants to make a big splash and everyone standing around the pool will get wet. He'll do that with production numbers and his expertise in closing the deal. Throw in regular reporting, the AIM listing, then a move to a major exchange and he will have us shareholders eating out of his hand.
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