posted
Perhaps someone can verify/correct me. The merged company, Northwest Oil Group, including NDOL, will only have 6% of its shares unrestricted. Who has that 6%?
Posts: 111 | Registered: Apr 2006
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posted
Glassman, I called Charles Schwab and they confirmed that NDOL cannot be shorted (by them) and no stops are generally allowed on stocks trading below $5.00. They also said that there are some stocks that can not be shorted period. They gave OSTK as an example. I learned of NDOL thru another message board (Morningstar) and thought it sounded legitimate. I sold some shares of GE to buy it, I'm now down now over 50% and I've learned my lesson. NDOL may be my first & last penny stock.
Posts: 10 | From: Virginia | Registered: May 2006
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posted
Amelia - Penny stocks are definitely not for the faint of heart. They are more subject to manipulation and panic than blue chips. And for good reason. There are few if any pennies that you should "invest" in, nearly all are short term plays. At the least, you should bracket yourself with stop losses, so that you don't lose so much that a play becomes an investment.
Posts: 111 | Registered: Apr 2006
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posted
Amelia, there is a way to short any stock, many brokers deny what's really going on in the markets, because if thwey admitted the full truth? many risk averse people would pull all of their money.
NO! i'm not saying don't invest, but i am saying that brokers don't want you to know everything... take the case of Global Crossing...
symbol GLBC... last time i checked? they had more shares shorted than are available on the market...
in other words? people illegally shorted the stock and for over a year? they have not been forced to cover the short position... GLBC is not even a penny stock... far from it Stock Exchange / Market : NYSE Listed 347 Consecutive Market Days. On List as of 01/07/2005 Through 05/24/2006
posted
Fryyguyy, no offense but it's a pink...most who play pinks are short. GL if you play your pink positions long, but you'll learn that most play them short term. Just the cold hard facts
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
not a pretty close .48, hope we get a bounce tomorrow, haha. Company has also stated that they plan on releasing exciting news after the financials, so there is still a light at the end of the short tunnel...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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quote:Originally posted by westcott: Sorry board, had to vent a little. Back to NDOL: I just read this and thought it was constructive:
Assuming PPS = $0.50, MARKET CAP = 0.5 x 605M = $302.5M
EST 2006 SALES = conservatively 4 x Q1 = 4 x $32.7M = $130.8M PRICE/SALES = $302.5M/$130.8M = 2.3
EST 2006 EARNINGS = conserv 4 x Q1 = 4 x $2.8M = $11.2M PRICE/EARNINGS = $302.5M/$11.2M = 25.6
BOOK VALUE = $116M/605M shares = 0.19/share PRICE/BOOK = 0.50/0.19 = 2.6
CONCLUSIONS: $0.50 is about right, based on P/S, P/E & P/B ratios. __________
Thoughts, changes, comments?
W
Looks good. Stock prices are based simply on supply and demand. If a company is doing good more people will want to buy IE: PPS price goes up, company sucks more people are selling IE: PPS price goes down.
posted
I think it will take more than good news to get this stock moving again. The plunge many people experienced has soured them, and any friends they told about it, on NDOL. That, coupled with the uncertainty created by the "tomorrow and tomorrow" stuff has made this once proud stock a bit scary.
I believe it would take something really solid and confidence inspiring to put this back up to its former glory.
Posts: 111 | Registered: Apr 2006
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posted
Market sentiment is very low on this becasue many newbies are in it....period.
Newbies panic and do'nt even know how to play or even invest....they just throw money at a stock and then cry when it doesn't do everything they dreamed of......I am in with 100k shares.....I am glad to wait till the fall to cash in, but I will also flip to better my position. I've been in this since last year..... a string of PR is coming which will bring the PPS up.... The assessment above that this should be right where it is is completely wrong......Pennies are not valued like that. Look at XSNX....it's not even pulling any revs, yet it was trading well ove r$2 per share a bit ago.....Pennies are based on potential and just a little fundamentals.......they are manipulated up and manipulated down........once newbies and shorts are out soem and we get some solid filings, some institutional investors from germany, russia or india will come in and buy up the float........Parkin and CO are not in this for their own personal shares to rated at .49 a share........they will get the PPS up, along with Midland Baring.......just be patient
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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quote:Originally posted by weatherbill: Market sentiment is very low on this becasue many newbies are in it....period.
Newbies panic and do'nt even know how to play or even invest....they just throw money at a stock and then cry when it doesn't do everything they dreamed of......I am in with 100k shares.....I am glad to wait till the fall to cash in, but I will also flip to better my position. I've been in this since last year..... a string of PR is coming which will bring the PPS up.... The assessment above that this should be right where it is is completely wrong......Pennies are not valued like that. Look at XSNX....it's not even pulling any revs, yet it was trading well ove r$2 per share a bit ago.....Pennies are based on potential and just a little fundamentals.......they are manipulated up and manipulated down........once newbies and shorts are out soem and we get some solid filings, some institutional investors from germany, russia or india will come in and buy up the float........Parkin and CO are not in this for their own personal shares to rated at .49 a share........they will get the PPS up, along with Midland Baring.......just be patient
It better be some damn good PR's because the PR about India didn't bring it up, the 10Q didn't help (i didn't expect the 10q to help anyway), and then the PR today didn't help.
What do you forsee in the future PR's that will move this baby up? I'm in long as you with 50K, but I feel it will be a very slow uptrend and I mean sloooooow.
Midland specializes in providing unique turnkey solutions, offering small-cap companies everything from initial public offering services, corporate finance advisory, and reverse merger, to PIPE financing and mergers and acquisition services.
they have been responsible for a number of large acquisitions in the previous 8 months and have now been focusing on moving themselves into the public market. Beginning with OTC, they have plans to expand onto the North American Ex. and the European Stock Ex. as well.
This is a great opportunity to get in on a solid investment. MDBF already climbed from $2.25 to $3.00 today, we cant wait to see what it will continue to do this week.
Read the release on there going public and due some reading on MDBF, but don’t forget to get on them first thing.
New Release
Midland Baring Financial Group Now Publicly Traded
MONTREAL — (MARKET WIRE) — Midland Baring Financial Group (OTC: MDBF) announced today its common shares began to trade under the ticker symbol MDBF.
“Becoming publicly traded is part of our strategy to increase communication with all of our stakeholders, our shareholders, partners’ customers and employees as well as access new sources of capital to continue the growth of our group of companies,” said Dr. Simon Phaneuf, Chairman of Midland Baring Financial Group. “We are now trading on Pinksheets and we intend to become reporting as soon as possible and seek a listing on a North American Exchange and a European Stock Exchange as well,” further added Dr. Phaneuf.
Midland Baring Financial Group has primarily investments in oil & gas and gold resources companies and is seeking to increase its positions in life sciences, real estate and renewable energy companies.
About Midland Baring Financial Group
Midland Baring Financing Group is one of North America’s few financial services organizations created for the benefit of micro and small-cap companies. We operate three division and investment funds specifically tailored to the growth oriented micro and small-cap, Canadian and US publicly traded companies.
Midland Baring offers a unique turnkey solution, whereby our services provides small-cap companies a complete services offering from initial public offering services, corporate finance advisory, reverse merger, PIPE financing and mergers and acquisition services. Our teams of advisors create customized solutions to offer our clients a rapid, flexible and cost-effective funding alternative, which will enable them to grow, build cash reserves and ultimately enhance shareholder value.
May 19, 2006 Print | E-mail | Home Russian Oil Assets Merge in Canada Russia’s North-West Oil Group and Canadian Nord Oil International, whose assets are based in Russia, have signed a merger agreement. Nord Oil is to buy out North-West Oil’s producing subsidiaries in Saratov Region, setting up the new Northwest Oil Group. The Russian oil company will hold the controlling stake in the new firm. Ernest Malyshev, president of North-West Oil, and Vyacheslav Makarov, president of Nord Oil International, signed the merger agreement on May 9, Kommersant learnt. Nord Oil is buying North West Oil’s two subsidiaries, North-West Oil Group-Saratov and Neftegazenergo. The firms and 100 percent of Nord Oil’s stocks are to be included in the authorized capital of the new company called Northwest Oil Group. North-West Oil is to own 59 percent in Northwest, the remaining 49 percent will go to Nord Oil. North-West Oil’s president Ernest Malyshev is to become president and director general at Northwest.
North-West Oil Group was founded in St. Petersburg in 2004. Experts estimate the total resources of the oil group at some 7-8 million metric tons. Nord Oil International is registered in Montreal but all its producing assets are situated in Russia. The company’s proved and possible resources come to 6.6 million metric tons.
The merger deal will be concluded after it is registered with the U.S. Securities and Exchange Commission next week. Assets of the new joint company are believed to total $1.25 billion after the merger. by www.kommersant.com
All the Article in Russian as of May 19, 2006 See Also Experts Predict End of Oil Boom in ... // News (May 22, 2006) Marathon Oil Gives Up Russian Oil // News (May 18, 2006) Customs Implanted in Transneft // News (May 16, 2006) Authority and Business // Documents (May 06, 2006) Putin Signs Law to Improve Oil Export ... // News (May 05, 2006)
Posts: 270 | Registered: Apr 2006
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posted
I got out with 10% loss at 0.59. I'll wait out the volatile period, and see if I can jump back in...
In the mean time, I found NAUG with 0.05 profit last quarter with more news! I've posted on the board. Please let me know what you think!
Posts: 233 | Registered: Sep 2005
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posted
Readers are again cautioned there are problems with this company.
Share price over the past few weeks has fallen from roughly 1.30 per to roughly .50 share indicating devaluation through trader perception.
May 24: "337,865,401 shares...as of March 31, 2006."
May 25: "38,254,263...are registered free trading."
Roughly three-hundred-million common shares are not accounted for. These are shares presumably in public hands; outstanding common.
"Goodwill 4 762 020"
This Goodwill is carried over into the merged company. This Goodwill has been carried on the books for years. This represents the value of an empty shell, Bio-Tracking Securities. This company does not exist nor are there any lingering intangible nor tangible assets. Per SEC Section 142, impairment testing reduces this Goodwill to zero. Financial assets are overstated by roughly five-milllion dollars.
"Reserves" Per SEC Rule 4-10(a) of Regulation S-X these reserves cannot be claimed unless qualified and proven according to a very strict set of rules. These reserves they claim have not been qualified nor stated as tested and proven reserves. True amount of 4-10 reserves is unknown which warrants caution and skepticism.
PR News indicates a merged net worth of 1.2 billion dollars.
Merger news indicates, "...$116 Million in assets...."
Assets reported are roughly one-tenth of the 1.2 billion value previously claimed.
News indicates a $2.20 per share value. Actual value is roughly .50 per share.
According to news, your share is only 41 percent of the unknown true value of this merged company. Current common share holders enjoy less than half of the unknown true value.
Clearly there are many problems and many other problems not discussed. Common sense dictates traders treat all of this with extreme caution.
posted
Thanks PG...if you believe everything you just posted then I suggest you stay as far away from this company as possible!
Posts: 456 | Registered: Mar 2006
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posted
back you are purl.. havent i told you to open a thread of your own and give advices to people who visit that thread and ask you for the advice? why do you like it when I lose $1000 everyday .. you just like smiling innit..saying see..ii told you this stock is POS and you should get out of it.. oh well, you definitely are extremely smart and making tonnes of money on stocks you play .. have you reached $1M yet Posts: 270 | Registered: Apr 2006
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posted
NoWhen2HoldEm: Thank you for a great post! It is nice to see that some people out there still have some composure and sanity. Thanks
Posts: 252 | Registered: Apr 2006
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posted
purl... i might be childish but i would definitely not be liked called upon anyways heres what i dont like in your post
"Readers are again cautioned there are problems with this company.
Share price over the past few weeks has fallen from roughly 1.30 per to roughly .50 share indicating devaluation through trader perception."
why do you assume readers dont know that share has maved that way? do you think people who put their money are dumb a$%^$ that they dont go to barcharts or something to find out and read chart high/lows etc. before putting their hard earned money into any stock? if that is your assumption,. then let me inform you that people who play stocks are much smarter than what you assume them to be.
"May 24: "337,865,401 shares...as of March 31, 2006."
May 25: "38,254,263...are registered free trading."
Roughly three-hundred-million common shares are not accounted for. These are shares presumably in public hands; outstanding common."
this has been beaten to in this thread and many others all over the boards in internet. so, your caution is unwarranted and anyone who is following this stock and radaring it to put his/her money into is well aware of this fact and knows that this is taken care of. so dont try to show your boo boo tactics on this matter..
"Goodwill 4 762 020"
This Goodwill is carried over into the merged company. This Goodwill has been carried on the books for years. This represents the value of an empty shell, Bio-Tracking Securities. This company does not exist nor are there any lingering intangible nor tangible assets. Per SEC Section 142, impairment testing reduces this Goodwill to zero. Financial assets are overstated by roughly five-milllion dollars.
that SEC will take care of if they have overstated. you have not seen or estimated the assets neither have I. so it is weather you beleive in the PR or you dont. this stuff can be overstated anywhere, just go and read WSJ today as to what happened to enron execs.
"PR News indicates a merged net worth of 1.2 billion dollars.
Merger news indicates, "...$116 Million in assets...."
Assets reported are roughly one-tenth of the 1.2 billion value previously claimed. "
again repetition. it has been time and again said that the fully consolidated NWOG assets have not yet been included. read through the thread and you will know.
"News indicates a $2.20 per share value. Actual value is roughly .50 per share."
hehe..this you dont have to worry about. time will tell. future of the company is dependent on investor sentiment and what he beleives is future worth of the company. stock price is calculated on basis of future performance of company. so, 2.2 or 0.5 will be decided by market, not you or I.
"According to news, your share is only 41 percent of the unknown true value of this merged company. Current common share holders enjoy less than half of the unknown true value.
Clearly there are many problems and many other problems not discussed. Common sense dictates traders treat all of this with extreme caution."
everyone reads the news and does their DD. and your caution is unwarranted unless you consider yourself to be far superior to interpreting news/PR's than anybody else on the board. so just relax, and play your stocks. if you are that desperate to give advices, go ahead open your own thread and advice people.
and hey, dont think I am pumping or stuff like that with the stock. its just that whenever i see your or repomans posts, i feel you are undermining mine and many other people on this thread's intelligence, and think you are far better/smarter at investing than us, and thats what pisses me off, especially when I am averaging upto almost 10% a week on overall money combined since i have been doing pennies..
Posts: 270 | Registered: Apr 2006
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posted
LOL, if everybody is already aware of all the "pitfalls" then they must be aware of all the pluses too?
hence nobody needs to post any more?
you definitely should be concerned about any "goodwill" assets, and if you think the SEC is scouring filings of PINKSHEETS for errors? you are mistaken...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Don't forget if you go to the CNR thread, every thing is OK. No pumping, just the same thing we do here. SELL OUR SHARES AT A HIGHER PRICE TO FATHERS AND HUSBANDS AND WIVES OF FAMILIES THAT HAVE CHILDREN AND NEED THERE MONEY. BUT ITS OK AT CNR, BECAUSE THE PRICE SPIKES OCCASIONALLY AND WE CAN SELL FOR A LITTLE BIT OF PROFIT. HEY, LETS TRY THAT HERE AND SEE IF WE CAN GET AWAY WITH IT. THE DOUBLE STANDARD MAKES THINGS HARDER THAN THEY HAVE TO BE.
AND THATS THE REST OF THE STORY,"PAUL HARVEY, GOOD DAY".
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Mixed metaphors make for a powerful tonic and enjoyable laughter, Glassman.
Viable discussion makes for good earnings or avoidance of losses. Do speak your mind, always.
Thus far, each call I made on this stock has been proven correct and on target. My hope is, because of my honest discussions, some have made profits or have avoided serious losses.
There are some who have expressed appreciation for at least learning more about the markets.
Credit is to be given to others here, long time regulars who have added valuable commentary. Much of what I share in comments, I learned from my trusted friends here at Allstocks.
My opinion is some, perhaps many readers are learning who can be trusted here at Allstocks and who cannot be trusted. This is invaluable.
posted
hehe.. agreed glassman, but how on earth are you going to really find out what the real assets are other than their PR's? the only other verifyable way that we can verify is going to russia and seeing the oilfield with our eyes
I thought anything in stocks is that way. buy low, sell high and move on. since the money on the stock is constant, the guy who buys it at the highest point loses and the guy who buys it at the lowest point gains. and the high and low points are individuals decisions and risk taking abilities. If anyone can at any given day tell with 100% accuracy which stock will move up 2%, then he shall be a billionaire within an year ..
Posts: 270 | Registered: Apr 2006
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posted
Doesn't it kill you that the only things that are given credence are from her own interpretation of things. Whats really dumb is that people here have made money on this stock only a lot more of it, than is made at CNR. I guess you get to give your self another prize. You sure can impress yourself. You could very well be a legend in your own mind.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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quote:Originally posted by auburn: NoWhen2HoldEm: Thank you for a great post! It is nice to see that some people out there still have some composure and sanity. Thanks
You're most welcome, my friend. Glad to see ya around.
Here's a good reply from IHUB tonight to a poster who suggested this is all a scam. It's not full of DD like a lot of posts there, but I felt it was thought-provoking.
"Quite the scam with 130m annual revenues and 11m annual net income. It's not Gerald Parkin's fault most posters do not understand accounting and valuation.
They turned down 2.17, as they think that in the LONG TERM, the company value will exceed that. Noone said that it will pop to that number the day after numbers are released.
Why can't anyone understand that concept?
If I gave you $10 now or $3 every year for the rest of your life, which one would you rather have? (Here's a tip for those who don't know how to solve it: divide $3 by your applicable discount rate).
It's a concept in the first chapter of a freshman finance book."
posted
I sold it at .49, my l;osses zero , i think im lucky, i should know before most posts are pumped , this is pionk and everythink can heppend. and peple playnpink to make money. if you claim yourself long term holders go play on nasdaq or DJ. this company just played you . im going to watch it and i hope for youall im wrong. funny is where were all treaders with those interpretations of informations before this heppend. i think we are all pumping. pump, pump ,pump\
Posts: 4 | From: chicago | Registered: Mar 2006
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