Thanks eik, I'll take it from here ;-)
You own what Malyshev says you own. You profit from what he says you profit from. I think it is and was North West's intention to use the markets as a piggy bank, to dump shares onto the market (which has obviously occurred) and at this point nobody can really argue that. The increased O/S confirms that and the levels they are willing to dilute at should be kind of a red flag that the value of the public is as a piggy bank only, or the value of the entire company is not even believed by management themselves.
If 'profits' being booked from production are not in the coffers of the public company and are being used to fund the private's escapades that means you theoretically own nothing. The parent can't just legally spend the public's money on anything private (as they don't own the entire thing). Where is the money? Nobody would buy out NWOG (the stock). Why would they? Other than a listing nobody even knows if the public side really has any rights or value. Theoretically if Maly doesn't like the game he can pack up his marbles and 'go home' tomorrow deciding to punish 'speculators' by making their shares worthless.
And why would Malyshev feel the need to make any American's whole? After all, without being 'scammed' by NDOL he wouldn't have lost so much of his 'company' for nothing. I think too much of the dialogue here doesn't take into account the clear discrepancy between the 'public' and 'private' side of NWOG. I'm not sure even management understands the legalities of it all. I know I don't, but I do understand some basics of what a parent company of a publically listed company can and can't do. As it is right now nobody here really has a clue what they have rights to, where any money that is 'possibly' being made it going and that should be quite disturbing. As for uplisting, it's a nice idea. Maybe even some day they could uplist to the OTCBB. Nothing more though in my opinion. Sorry but I think most of the speculation here is not worth speculating about. GAAP audits, uplisting, dividends etc etc. Read any pink sheet board and you get the same 'dreams'. This board does seem very level headed and I respect that and most of the posts don't seem too crazy. But I think everyone continues to skirt the real issues that nullifies much of the speculation.
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