The next real big shock we are in for is how good those audited financial statements will look once released by the Northwest oil group. I am still looking for about $60 to $70 million revenue for the fiscal year. $5.6 to $7 million net income. EPS will be about .60 per share on 13.5 million outstanding. I don't believe the10 million restricted shares that Sinopec holds are counted in the calculations.
I believe the squeeze trigger price on NWOL is about $1 or higher. It will be real fun to watch the pressure build on shortie as he realizes he needs to start thinking about how fast he has to start covering. EIK stated the speculative float is about 3 to 5 million. The NSS position is 11 million. I believe there is also a huge short position that is "covered."
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