posted
lots of mirror trades... is this what's keeping the stock from moving up?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
this new company will be worth 1,25 billion dollar!!!!!!! we get shares worth 2,2 dollar and do you really think it will be trading in that range? NO! we will be between 5 and 10 bucks because this will be a amex company soon...
Posts: 1065 | From: switzerland | Registered: Mar 2005
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quote:Originally posted by KonaRide: so when will the price be adjusted to $2.20...lol
The price won't be adjusted. They are stating that the "market" will value the stock at $2.20. To be honest (and I own this stock so I'm not bashing), the market is already speaking and $2.20 isn't the answer yet.
I doubt you're going to see much price movement until they release North West's financials. Yes, they may be a huge oil company but it is much more critical that they are a "profitable" oil company.
Once investors have had a chance to see the financials, then the current price may stay where it is, fall even lower or go even higher than $2.20. It's a crapshoot right now which is why people are selling.
My personal hunch is that North West is profitable or they wouldn't have been offering cash for Nord. HOW profitable however, is the key here...
Posts: 42 | From: Kentucky | Registered: Mar 2006
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posted
Just got off phone w/Mr. Parkin he said, this is a good thing for NDOL shareholders, Northwest Oil, Huge Company! When merger is completed the newly created entity named Northwest Oil Group, to be a publicly traded company!! He was in a rush to get to a meeting, and said would be not be able to be reached for a while.
Posts: 69 | From: Seattle | Registered: May 2006
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quote: By: thewatcher03oh 10 May 2006, 09:31 AM EDT Msg. 7441 of 7510 (This msg. is a reply to 7430 by bullwriter.) Jump to msg. # I just spoke to them over the phone
here is what I found out 1st Expect a PR this afternoon/tmw about the details as far as o/s and valuation. They have a meeting at 10am They Will be not doing a split, they will be issuing shares to the new company. However those shares along with the 180mil shares will all be restricted for a year or so. I asked him if he could release the number of restriced shares in a PR to boost investor confidence and he said that it was a great idea and he would bring it up in the meeting. Their lawyers say it will be 2-3 weeks before the otc:bb move, however he seemed more confident that they could get it done as soon as the end of next week. The only delay will be in the name change as well as the auiditng of the private firm. Good luck to longs, today will be good (i think/hope)
I'm unclear on what all this means. I'm hoping someone else can clarify. I have a buy order in for a dip, but I don't want to have to hold the shares for a year.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Our share would NOT be restricted, owners of NWO shares would enter the deal with restricted shares.
Posts: 559 | From: MN | Registered: Apr 2006
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posted
"The only delay will be in the name change as well as the auiditng of the private firm. "
The name change can be done in a day. If that private firm hasn't been audited to the standards expected in the states, then it could be several weeks...
Posts: 42 | From: Kentucky | Registered: Mar 2006
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posted
If they do anounce restricted shares there will be another repeat of monday...maybe not as extreme but there will be some major selling...get your money ready longs, its not often you can buy a 2.20 stock for under a $1
-------------------- The sharpest knife can’t carve its own handle Posts: 145 | From: SLC | Registered: Jan 2005
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posted
Nothing is guarenteed, but No whent to hold hit it on the head, in order to prevent share dumping, NWO shareholder would "likely" receive restricted shares after the merger.
Posts: 559 | From: MN | Registered: Apr 2006
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quote:Originally posted by DIGDOUGH: mnvestor-Why do we get it so good and they are restricted? Do you have any idea?
quote:Originally posted by mnvestor: Our share would NOT be restricted, owners of NWO shares would enter the deal with restricted shares.
I'm not mnvestor, but NDOL stock is owned by thousands of public shareholders who can buy and sell the stock freely. North West is owned by a handful or private shareholders who have not been able to ever sell any of their stock in the open market before.
That is a dangerous situation when you suddenly give 4 or 5 shareholders millions of dollars worth of stock that they NOW can sell freely. The problem? They WILL sell a lot and that will drive the price down...
Posts: 42 | From: Kentucky | Registered: Mar 2006
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posted
its all speculation right now...the important thing for those that are long is to position themselves to take advantage of the situation...look at my post a few pages back...the longs have a chance to make unbelievable amounts of cash, if they play the current market with the long term outlook
-------------------- The sharpest knife can’t carve its own handle Posts: 145 | From: SLC | Registered: Jan 2005
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posted
Wow, this stock is so weird. I am not back in yet, but considering it. Can someone please, in laymen's terms, describe exactly what the PR said? No conjecture please, just the facts...lol. What is going to happen?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Kcool....no one can answer that question for you. The full disclosure of the deal next week should bring a nice spike to it. ItsJustMe is right in what he's saying, they'll need to get the word out with North West's financials.
quote:Originally posted by Laktu: its all speculation right now...the important thing for those that are long is to position themselves to take advantage of the situation...look at my post a few pages back...the longs have a chance to make unbelievable amounts of cash, if they play the current market with the long term outlook
You got it Laktu. This has always been my position.
posted
mnvestor,ItsJustMe, thanks that struck a chord in my thinking. The restricted shares will protect Nord shares from being devastated by a stock selling frenzy. It should also offer good value to ours if we decide to sell some. IMO
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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