InvestorsHub Logo
icon url

watchdog11

09/10/05 7:16 PM

#6648 RE: Phil(Hot Rod Chevy) #6646

Smith, I must agree with Phil, if you're right, you clearly have information that you should not have. I hope that you have not been buying or selling any shares during this transition period. The company may file some financials, but they will be meaningless as far as NAUG is concerned, and in fact, if they are legitimate, "signed off" financials, I would suggest that the shareholders of NWAU file a lawsuit to stop the deal. Why you ask? Because management just gave away 16% of the company for absolutely NO reason, and that 16% was in free trading shares, which is much worse. That 16% represents a $35,000 investment by 30 people a little over a year ago that is about to be worth $ 6,975,000. I think the question begs to be asked how their investment got to be worth so much. What value did they bring to NWAU that could possibly be worth this giant reward? And please don’t tell me it happens all the time, because it never happens on this scale, especially when there are legitimate companies involved. If you don’t think something here reeks of insider manipulation and reward, you must be part of the plot. If the SEC is not already looking at this one they sure as hell should be. Dog