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NDOL : 300% revenue increase, calling *0.47
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[QUOTE]Originally posted by fatcat: [QB] [QUOTE]Originally posted by Purl Gurl: [qb] Fatcat writes, "Actually Purl, I didn't mention you or anyone specifically as a basher. Are you volunteering for the label?" Yeah, so what? You are labeling others bashers which grants others a right to label you a paid pumper. Turn-about is fair play. "Which filing are you referring to? I don't think I've seen it, or if I did I missed the reference to 'reserves.'" I am curious why you are commenting on technical details without being fully familiar with SEC filings and news. Additionally, I have previously cited references and quotes for readers. Are you not reading? Clearly, I am a bit more informed than you, yes? I have problems with a company which consistently releases inconsistent numbers, and especially have problems with a company which appears to not be following SEC guidelines, such as Section 142 previously discussed, by me. Another, a CPA, has raised some questions about how numbers should be reported. Rather obvious NDOL is causing confusion, not clarity. None know, clearly, what is true and what is not. Today's trader reaction to news is a clear indicator there are problems and mistrust, both of which are well warranted. You label traders who question, bashers? pffttt... Purl Gurl [/qb][/QUOTE]No, I label people who deliberately quote things from reports and then spin them to their own ends. The bashers I am referring to (I haven't read this whole thread so I don't know if you are among them or not) took the $99M Intangible Asset number and said "That's not $1.2B, Nord lied to us, decieved us, and are scammers." All I am trying to do is show that $99M might not be wrong at all, even if the oil assets are still listed as intangible (which I don't know if they are or not). The CPA even said that market value should not show up on a balance sheet, and the $1.2B figure is *market* value. Perhaps $99M is correct. I am trying to reconcile the balance sheet they filed with some form of reality. I do not know yet where this is going to lead me. Nord is causing confusion, no doubt. I am late to this particular party and still playing catch-up to figure out what is really up. Are they scammers? Dunno. At the very least they seem completely incapable of stating the condition of their company in unambiguous terms. As a potential investor, that makes me nervous. It is clear some people are deliberately trying to mislead the uninformed. This does happen on these and other boards, a lot. I am trying to share my DD with others, particularly in an area that seems to have been mangled rather badly. Oh, what was the date of the filing you were referring to? The one where they stated their reserves? [/QB][/QUOTE]
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