untrue - management initiated a Share Buy-Back Program which is certainly a positive consideration for shareholders... and I imagine that they will continue to buyback shares to help support the resultant higher PPS, if in fact there is a 1 to 100 revers split taking place... else why would they make the effort to raise share price to required levels for alternative exchange listing as they stated was their goal?
Tue, Jul 31, 2007 - Current Results of the Shares Buy-Back Program
NWOG Inc. (PINKSHEETS: NWOG) continues buying back shares. Within the last two months 18 million shares have been bought back. The overall amount of shares that have been bought back since the beginning of the present year constitutes 48 million. The shares buy-back program will be carried out until the end of the current year.
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