Let me shoot very straight with you guys:
I don't feel like spending the time digging through Florida law to find out whether we shareholders have a right to know for what purpose and to whom the incremental share were issued.
The simple truth is that if NWOG management would have even the slightest regard for us and our prosperity, they would step up to tell us about it, and we wouldn't have to engage in these speculations. FACT is that they do not care the least about us. They jerked us around with the biggest head-fake I have ever witnessed in a stock I personally owned:
To PR and tell us about buying back stock to the tune of 48m shares, which is a de minimis amount in the first place, and to pump the heck out of the announcement, milk it for months, and hail it as a means to increase shareholder value (still unconfirmed, by the way... There has not been credible evidence that they EVER bought back one share other than their off-line statements!!!)while dropping 210m in new shares on the market (very much confirmed by the TA) is nothing short of deceptive and disingenuous.
By the way, I very much doubt that it was for the acquisition. Because if it were, you would hear news of finalization of this deal in the Russian press (clearly the company doesn't PR anything anyways unless EIK found it browsing through Russian media...)
The shares are issued and in circulation as we speak, and I very much doubt that any company would pay shares in advance of receiving value in exchange. Here former owners, have some 210m shares. I'd appreciate if you signed over your interest in the oil fileds in the next couple of weeks.
Game over, we all appear to have lost for good. Merry Christmas to you too, Mr. Malyshev. Thanks for nothing. Where is my cash dividend that you announced?
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