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I'm thinking the stock will need to fill in that gap we got this morning before continuing the run. That is usually what happens during big runs.
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Thorn, I know what you mean about btsi. Before the split it looked good, but the share price never reflected the valus afterwards, so it dove. More insight might have been a great asset here.
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I would like to see that gap filled just for piece of mind. That way, we will have solid steady gains instead of high and low bouncing.
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NORD is setting the share value at $3.50 and $11.00. Not sure what that calculates to in a buyout, but buy out shouldn't mean give away in my untrained amateur opinion.
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No, buyouts are almost always at a premium to what the estimated value is (having nothing to do with share price). $3.50 doesn't seem unreasonable given the reserves they have and the still climbing oil prices.
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quote:Originally posted by DIGDOUGH: NORD is setting the share value at $3.50 and $11.00. Not sure what that calculates to in a buyout, but buy out shouldn't mean give away in my untrained amateur opinion.
I must have missed something. Where did this info come from?
As for filling the gap, yeah, could happen, but then again, I think there's far too much buying pressure for it to go that far down; then again, if we don't get a PR this week....
-------------------- May your trading build your character as well as your portfolio.
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Invester posted a link to a prior PR that had the CEO saying that was a reasonable share price ($3.50)...and said he had $11 worth of oil per share. At current oil prices it's closer to $16 per share.
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Rochester, NY, Apr 17, 2006 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Nord Oil International Inc. (Pink Sheets: NDOL), Ablaze Technologies, Inc. (Pink Sheets: ABZT), Wits Basin Precious Minerals Inc. (OTCBB: WITM), El Capitan Precious Metals, Inc. (OTCBB: ECPN). Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Nord Oil International Inc. announced that it is in the process of having its stock listed on the NASD OTC Bulletin Board.
The company expects to be listed on the NASD OTC BB by no later than May 1, 2006. "Nord Oil is compliant with all of its reporting and with the start of the oil production and in addition to our listing on the Frankfurt Exchange, the OTCBB is a great platform to showcase our company to investors," said Armenak Safarov, Vice-President of Nord Oil International.
It should also be noted that the company is currently reviewing an unsolicited stock purchase offer received April 6, 2006 for 100% of the total issued and outstanding shares of and has opted to keep the information confidential until all information can be reviewed and expects to release said purchase offer as soon as it can be bona fide. Management expects to be able to release said information by no later than May 1, 2006. >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >> this came out at about 10:30. I dont remember seeing it posted so here it is!
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Rochester, NY, Apr 17, 2006 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Nord Oil International Inc. (Pink Sheets: NDOL), Ablaze Technologies, Inc. (Pink Sheets: ABZT), Wits Basin Precious Minerals Inc. (OTCBB: WITM), El Capitan Precious Metals, Inc. (OTCBB: ECPN). Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Nord Oil International Inc. announced that it is in the process of having its stock listed on the NASD OTC Bulletin Board.
The company expects to be listed on the NASD OTC BB by no later than May 1, 2006. "Nord Oil is compliant with all of its reporting and with the start of the oil production and in addition to our listing on the Frankfurt Exchange, the OTCBB is a great platform to showcase our company to investors," said Armenak Safarov, Vice-President of Nord Oil International.
It should also be noted that the company is currently reviewing an unsolicited stock purchase offer received April 6, 2006 for 100% of the total issued and outstanding shares of and has opted to keep the information confidential until all information can be reviewed and expects to release said purchase offer as soon as it can be bona fide. Management expects to be able to release said information by no later than May 1, 2006.
So then it sounds like we are not going to get a Press Release for the possible buyout until around May 1st according to this mornings news.
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thats what it says, going to a higher exchange in 14 days!. the move could strengthan the companies position in negotiating a good buyout price! very positive news!. the facts and nothing but the facts!. I like it!!
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quote:Originally posted by madmoney: thats what it says, going to a higher exchange in 14 days!. the move could strengthan the companies position in negotiating a good buyout price! very positive news!. the facts and nothing but the facts!. I like it!!
so does the market! price is going up!! B/A .435 X .44!!
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People who claimed to have talked to the company said they are releasing the buyout mid-week, this week. I wouldn't sell before that...but that's me. In general, I agree that taking profits and setting reasonable entries/exits are the best way to go. But this one's different for me...you can't compare this to any other penny out there IMO.
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