posted
What about the 8k? I have been sitting here waiting ever so patiently for that to come out to discuss share structure etc. I am glad to see they have time to put out a PR regarding some negotiations. not. Maybe the day after today or the day after tomorrow. Hmmmm. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
| IP: Logged |
posted
I'd be the happiest guy I know if you were able to work this down to the .30s. I want to double my 75k shares, but need somewhere around .37 to do so.
I'm averaged at .16 with my first 75k. A trip to the .30s would give me a woody.
posted
If we read the latest news more carefully, it seems that the joint venture is about not cutting a piece from North-West's current pie, but a joint venture in terms of acquiring more land. This is not a merger. But they are joining forces in order to compete with the Big Oil companies to bid and acquire all those lands that are being privatized or auctioned out.
Posts: 233 | Registered: Sep 2005
| IP: Logged |
quote: I've been gone for the last two days and come back to find that the finacials still have not been released??? WTF...Can someone clue me in as to what I have missed the last couple days so I don't have to read 12 pages of fun! Anyone talked with Parkin??? Let me guess, tomorrow:)
Well, the most important thing you need to know is that we all have to take a shot because of your above post. per mgd723
Jo
quote:mgd723 posted May 23, 2006 16:00 I think that anytime somebody puts PR and Tomorrow in a message everybody should take a shot of liquor. This could be a new NDOL drinking game.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
| IP: Logged |
posted
I'm going to grab the Vodka right now! Sorry for the dropping the T-bomb:) But really, has anyone gotten word as to why they are throwing out fluff pr's instead of the financials they have been promising???? Boom- Chopin Vodka is the best...I'll have another shot just because!!!
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
posted
Newbie7, I read nothing in joint venture news which indicates acquisition of mineral rights.
"The maintaining of production rate requires state and private investments both in the upgrading of oil production and improvement of infrastructure and the newly formed joint venture will actively participate in such endeavors."
That is a fancy way of North-West writing,
"We have no equipment and have no crews. We need another company to do this work."
Mine might be off a bit. However, not having equipment, no having crews, or not having enough of either, maybe not having enough money to develop their mineral rights, this would be in keeping with AURC having mineral rights but no mining ability.
This is kinda like owning a delicious pie but having no hands.
Based on the low output of oil per NDOL news about North-West, this hints strongly this company has no oil production equipment nor crews of their own.
Actually, not only does that news not mention acquiring mineral rights, it also indirectly infers North-West does not have new fields to work. This may or may not be true but news indicates reworking of existing platforms which are in disrepair or in need of upgrade.
Reads to be more of an invitation for other vultures to come in and pick over remains.
posted
It would appear that Purl has declared all stocks worthless across the board. But she did quote a source of income that some may find to be a financial pursuit. Here is a quote about it. By Pur Gurl.
My girl and me take pictures of each other then sell them to softcore porno sites. We are all over the internet! Well, I am more than she is. Helps pay college costs.
Purl Gurl
OK it's official. Theres no money to be made in the stock market. This board is at best a place to solicit attention to other things. Where the real profits are.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
------------------------------------------------- Gotta be the best response to Purl I've ever seen...LOL
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
Purl Girl, That part of joint bidding is in another article I read elsewhere, and not on the PR they posted today. In terms of whether they will need Oil India's help to increase production, I think it's highly likely also. I also don't think they're very profitable currently, but I must say this company still has potential, mainly because of the publicity and big names they are able to attract to work with them. And actually, I think their current biggest advantage is to have people in the state (now both Russia and India) to back them up. But concerning their financial pr's, I kind of gave up waiting... I don't want to loose too much hair..
Posts: 233 | Registered: Sep 2005
| IP: Logged |
posted
does forming a joint venture put the company in a better position than before? thats all i care.
Posts: 119 | From: home | Registered: Apr 2006
| IP: Logged |
Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones.
Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The Basher will post this over and over again. Unsophisticated Bashers will try to freshen up old news with a new date or by-line in an attempt to fool you.
Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee. REMEMBER - LONGS... RESIST USING THE BASHERS ALIAS!
Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a Basher. The truth on startup companies is that they make mistakes. What new company hasn't? The Basher will compare your issue to a another companies, financials - deals - management, etc., trying to lure you into making an Apples to Oranges comparison. Remember each company is unique and while it is prudent to seek out established indicators, do so with care and don't take someone else's word for it. Strive to come up with at least a "six-pack" of indicators so your vision of the state of a company is not tied to a single barometer. Not doing so is tantamount to going to a Race Track and betting on the "Pretty Brown Horsey". BASHERS WANT TO WHISPER IN YOUR EAR - PLANT A SEED OF DOUBT, AND HOPE THAT YOU ARE NOT SAVVY ENOUGH TO RESEARCH THE TRUTH ON YOUR OWN. This is how they achieve their greatest success.
DOUBT + FEAR + LAZINESS = BAIL OUT!
This is your investment... work for it, protect it and don't panic on the words of very shadowy figure that "has your best interest in their heart". Consider that one factor: Someone you have never met, is not a member of your family, is now, out of the goodness of their hearts - GIVING YOU FREE ADVICE (that you didn't ask for). It's a no brainer. They have motives $$$$$$$$$$$$.
Lesson 5: Bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the vague statements they do. They rely on you being to lazy to research their droppings other than to scan the board for others opinions. This is particularly dangerous when you consider that Bashers work in packs and often validate and back up each others nonsense with what appears to be "innocuous and unsolicited" verification by comrade Bashers. Let's face it, we are all conditioned to "believe" everything we see in writing. If others by virtue of their "posts" also confirm this belief, then we are subconsciously doomed to swallow the hook, line and sinker... Basher - 1 Honest Investor - 0
Lesson 6: The Bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you won't know the difference (unless you have done your own DD on the company and know the truth and facts).
Lesson 7: Bashers play on your lack of patience. You have held a stock for a while. You knew it will be a big stock someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the Basher is best. You are tired. You have forgotten the goal for the stock was to hold it for one year. The Basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a semi-Basher as well. THE BASHER HAS WON, AND GAINED A NEW ALLY - YOU!
Lesson 8: BRING THE PRICE DOWN. That is the Basher's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to scare the newbies that are just investigating a stock. They are trying to wear down the faithful longs on the board and gain free reign and control.
A BASHER HANDBOOK: Do not underestimate a Bashers influence on a stock. The Pro's are good at what they do and what they do is profit from your losses. Below is their "hand-book". Learn from it or you will be donating your hard earned money to them!
posted
Have to agree with *********. This deal with India, if it's ligit, will be huge. Wish I had cash to buy more.
Posts: 81 | From: Mechanicsburg, Pennsylvania | Registered: Feb 2006
| IP: Logged |
Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Global Calumny Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.
There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for IDWD. While I probably shouldn't give any names of anyone working here now, what the heck, I'm leaving here, so what can they do? sue me? Ha! I can tell you that laptoptrader and janice shell were part of my group until he left last week, as was ninaturtle. Others who have been part of this include early bashers like hard data and Investorman. You may be interested to know that some hypsters, such as MONEYMADE and even Datatech!!, have also been part of the scam (more on that later).
There are several companies engaged in the bashing business, ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for a year, I can usually tell who is a paid basher and who is merely someone having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.
There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company. They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as MONEYMADE and laptop and a pumper like Datatech to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Datatech and I sat next to each other, laughing the whole time.
I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection.
Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. IDWD was a low-level stock, meaning it got the 3-1-1 configuration.
Honestly though, somehow, I get the feeling that WV Hillbilly may have worked for a basher company or knows someone who does because the fund websites he occasionally posts is eerily similar to our employer's websites. While not exact, I'd say it is about 90 percent the same. We do have certain rules that we follow.
First, we have to develop a character and stay within that character in order to build a "following." My character, "FogOfWar," was a humorous, sarcastic, obnoxious supporter of free speech and loved to portray himself as a truth-telling superhero, but only when it came to bashers.
Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long's question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypsters since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. MoneyMade was quite good at this and gets paid very well.
I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.
In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the benefit of a few wealthy people who already have enough money to last a lifetime.
These greedy people MUST be stopped. That's why I'm posting this before I leave. I want to make up for some of the damage I've done. I can't live with this lie anymore. You can't imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.
I have to go now, I'm too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.
Good luck and I hope all of you the best in your investment endeavors."
posted
"This is a confession from a former Paid Basher."
That article is a complete hoax, a joke on the truly gullible. Rather poorly written hoax, at that.
***
Newbie7, I agree with your thoughts. Another way to look at this, North-West can employ their own crews, or hire crews elsewhere. Either way, costs will be about the same.
Workers from India, probably lower wages but not so much to make a difference.
North-West must pay to have this oil extracted and there is no significant difference in costs locally or farmed out. If there is a savings, this would be in time by not having to assemble new crews, train new people and such.
This deal with an India company really does not change much, as to costs. Might save some time, maybe a bit lower wages, but only a marginal difference in oil production. Time savings will not make much of a difference because oil prices are not about to drop anytime soon, if ever. Oil certainly will go up, guaranteed!
Careful examination of their news leads to some insights about the company, leads to information which is being kept concealed from the public.
Bottom line of this news is North-West either has no extraction abilities of their own or not enough abilities leading to a need to attract in outside crews. This, if true and I believe this to be true, provides an insight to a company which might be mineral rights rich but capital and worker poor.
I am not so sure North-West is mineral rich. If AURC gives a clue, this is a company which can legitimately brag of large mineral reserves, while keeping quiet about not yet having paid for those reserves; in debt up to their necks.
Have a look at IVAN and CNR, look at their per share price, then look at their latest SEC 10Q filings. You will discover their costs are millions and millions and discover they have not yet reached a profitable state after years of work. CNR is a good comparison to this NDOL / North-West deal. CNR has a share price close to NDOL but a net worth a hundred times more. NDOL is way overvalued based on current and known information.
Comparing oil companies will afford readers a much better understanding of the oil industry. This is a complex business with extreme costs and need to develop for years before profits are attained. NDOL and North-West are simply new kids on the block, just starting out.
Careful critique of pr news is critical. Do not be fooled by those making wild claims.
posted
The joint venture of NWOG with Oil India itsself means that NWOG is a real oil company in russia with a ceitain creditability. otherwise, why oil India is willing to deal with him? With this in mind, I have more confident on NWOG and its future.
Posts: 66 | From: California | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by Purl Gurl: "This is a confession from a former Paid Basher."
That article is a complete hoax, a joke on the truly gullible. Rather poorly written hoax, at that.
***
Newbie7, I agree with your thoughts. Another way to look at this, North-West can employ their own crews, or hire crews elsewhere. Either way, costs will be about the same.
Workers from India, probably lower wages but not so much to make a difference.
North-West must pay to have this oil extracted and there is no significant difference in costs locally or farmed out. If there is a savings, this would be in time by not having to assemble new crews, train new people and such.
This deal with an India company really does not change much, as to costs. Might save some time, maybe a bit lower wages, but only a marginal difference in oil production. Time savings will not make much of a difference because oil prices are not about to drop anytime soon, if ever. Oil certainly will go up, guaranteed!
Careful examination of their news leads to some insights about the company, leads to information which is being kept concealed from the public.
Bottom line of this news is North-West either has no extraction abilities of their own or not enough abilities leading to a need to attract in outside crews. This, if true and I believe this to be true, provides an insight to a company which might be mineral rights rich but capital and worker poor.
I am not so sure North-West is mineral rich. If AURC gives a clue, this is a company which can legitimately brag of large mineral reserves, while keeping quiet about not yet having paid for those reserves; in debt up to their necks.
Have a look at IVAN and CNR, look at their per share price, then look at their latest SEC 10Q filings. You will discover their costs are millions and millions and discover they have not yet reached a profitable state after years of work. CNR is a good comparison to this NDOL / North-West deal. CNR has a share price close to NDOL but a net worth a hundred times more. NDOL is way overvalued based on current and known information.
Comparing oil companies will afford readers a much better understanding of the oil industry. This is a complex business with extreme costs and need to develop for years before profits are attained. NDOL and North-West are simply new kids on the block, just starting out.
Careful critique of pr news is critical. Do not be fooled by those making wild claims.
Purl Gurl
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
posted
Hello. First time poster, been watching for a while though. After reading the PRs, I'm curious as to what the name of the new company will actually be. The PR from May 10 stated "Northwest Oil Group" but the PR from today stated "North-West Oil Group."
From May 10: "...Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group..."
From today: "...The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol..."
The reason I'm wondering is because of the discussion a while ago about which shares will/won't be restricted. Any thoughts? Thanks.
Posts: 4 | Registered: May 2006
| IP: Logged |
posted
WILL NOT, centrum. Any one can count how many times this question's been asked? I lost track...
Posts: 233 | Registered: Sep 2005
| IP: Logged |
posted
So far it seems like you are accusing these nord guys of flat out fraud to the shareholders. They say one thing you say another. Granted it sounds like you know everything any way, but I think NORD deserves a chance to prove their self at the little big horn, before judging them so harshly.
AND DON'T FORGET THE BOTTOM LINE OF WHY ANY OF US BOUGHT THIS STOCK. IT WAS TO MAKE MONEY OF WHICH MANY OF US HAVE, WHILE YOU WERE SITTING ON THE SIDELINES, KNOWING EVERYTHING. THEY PAY A LOT BETTER THAN YOU DO WHETHER YOU LIKE IT OR NOT. AND THATS WHAT THEY HAVE BEEN DOING. I'M STILL IN THE GREEN IN THIS STOCK AND HAVE TRADED ACROSS TENS OF THOUSANDS OF DOLLARS OF MONEY THAT I MADE ON THIS STOCK. I DON'T KNOW WHAT YOU ARE TRYING TO ADDRESS HERE. IT'S NOT THE WEAK NEWBIES THAT YOU SCARED OFF WITH YOUR FIRSR POST, JUST BEFORE THE NEWS CHANGED FROM BUY OUT TO A MERGER. THEY PAY A LOT MORE THAN YOU DO. YOU CHARGE A FEE IF I'M CORRECT. YOU CAN KEEP YOUR COMMUNITY, I'M NOT IMPRESSED WITH IT. THERES PLENTY OF OTHER PEOPLE HERE TO CONTRIBUTE TO INVESTOR AWARENESS. I GUESS YOU HAVE SOME KIND OF AGENDA TO SUPPOSEDLY BUST PUMPERS, BUT I HAVEN'T HEARD ANY BODY HERE TELL ANYBODY THAT THEY SHOULD BUY THIS STOCK. IT'S ALL OF FREE WILL. I KNOW I TYPED BIG TO GET YOUR ATTENTION, BECAUSE YOU REALLY ONLY WANT TO HEAR WHAT YOU HAVE TO SAY ANYWAY. I'M JUST TRYING TO GIVE REASON A SHOT HERE. WITH ALL YOUR KNOWLEDGE YOU SHOULD GO GET A JOB AS A CEO OF SOME CENSORED INTERNET COMPANY. THERE YOU CAN TELL PEOPLE WHAT THE SCORE IS AND THEY HAVE TO LISTEN. YOU DIG? WHAT THE DIG IS DIGGING?
[ May 23, 2006, 20:09: Message edited by: DIGDOUGH ]
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
