quote:Originally posted by Repoman75: Average down, wait for the next pump, and get out with a small loss. Not that hard to do.
repo, i like your posts, but averaging down on this beast until the dust settles could be a death sentence. i wouldn't average down on this POS even if silver-dollar (or cork-screw pasta) shells were my only form of currency.
posted
Bought 100k at .012. Even if they dilute all the way to 2billion shares, at .10 that’s 200m market cap. It all depends on how much oil they have. We will see.
IP: Logged |
posted
If these guys own all the shares, I would think they would cancel them. This would in turn make this baby run. I think they will. The move to the AMEX won’t happen if they don’t. It makes sense.
IP: Logged |
quote:Hey Jo. I remember reading your list once. It was fairly horrifying. Maybe this one will bounce a little and give you a better exit point.
LOL, Doniboy! Horrifying, is a good word for it. It's still pretty horrifying. Fortunately, I'm in the green only through the saving grace of FRPT and a few other big board stocks. I am still working to eliminate some of my losers. Yesterday, I got rid of PRVH with a 38% loss and today I unloaded ACTC with a 69% loss.
Maybe if this one gets over a 50% loss I'll sell. This was one of the stupidest buys I made since my "turnaround". I could have made a good bit of change on it, but I took a sub job and I couldn't get the site on the school computers to sell when it was up at .03 etc!
Never gonna make that mistake again.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
IP: Logged |
posted
I bought an additional 50k this AM. I think this one needs to be looked at again. They want to move to the AMEX, they own all the shares, so I think they will cancel 1b or so leaving 200m out. This makes sense.
IP: Logged |
Press Release Source: Native American Energy Group, Inc.
Native American Energy Group, Inc. Announces Insider Share Lockup Friday October 6, 9:45 am ET
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG - News) announced today the execution of Share Lockup Agreements for all of its Control Shareholders, Officers, Directors and Management Team. ADVERTISEMENT
The lockup agreements prevent each officer and director from selling any amount of their shares of NAEG stock for a period of 18 months. Presently, these shareholders combined own an aggregate of 895,000,000 shares of Native American Energy Group stock, representing approximately 73.1% of the current issued and outstanding shares.
Chief Financial Officer Raj Nanvaan of NAEG, stated, "We are encouraged by our recent growth and acquisitions and we, as management, are proud to have the opportunity to demonstrate our commitment and confidence in the Company's continuing growth by entering into a voluntary share lockup agreement. It is our responsibility, as the Management Team, to promote pride in ownership and be accountable to the shareholders for the Company's success. Native American Energy is committed to its expansion plan and enhancing its acquisitions, and to the further development of our oil & gas and renewable energy projects."
The Company also announced today, NAEG's IR Department has contacted Pink Sheets in order to correct any deficiencies and remove any unrelated items from the Company Profile on their website. Pinks Sheets will have these updates implemented and effective on their website within two business days, and has sent these changes to each email contact Pink Sheets has listed in its database. In an effort to keep the public aware of the Company's financial activities, NAEG wishes to inform stockholders and the investing public that there are no dramatic changes planned that would affect the current outstanding share structure. The recent forward split of the company's common stock bringing the outstanding share count to 1,224,542,418 has served to increase liquidity, giving the public greater opportunity, as the Company continues to document its progress. Shareholders are reminded that ALL corporate updates will be made solely through official press releases as and when they become available.
-------------------- ~You aren't wealthy until you have something money can't buy.~
IP: Logged |
posted
I bought an additional 50K just now, 200k. I feel these guys will do the right thing and cancel the shares. The want to move to the Amex.
IP: Logged |
quote:Originally posted by Doniboy: Too many bagholders exiting for the run up. Maybe new money will buy in. Not sure though. A lot of people got screwed the other day.
EXTREMELY LOW VOLUME COMPARE TO 41 MILLION AND 70 + MILLION
SURE DOESN'T LOOK LIKE NEW MONEY IS COMING IN ATM.
TOO MANY GOT BURNED.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
IP: Logged |
posted
It’s not about where it’s been, it’s about where it’s going. I had to take a second look at this. I'll be holding this now. The market cap even at this level is way undervalued.
IP: Logged |
posted
I think that too many got scared the last couple days. They only burned themselves. This company so far has been honest and has tried to help the shareholders.
They want to get rich too. With that many shares they have locked up.
IP: Logged |
posted
I posted it on HSM so I'll post it here as well..
I am suprized there aren't more people talking about this. They have a working well with oil that used to be drilled by Exxon. The only reason Exxon left the well is because there was too much water, and back in 1984 it was to expensive to seperate the two. Nowadays, it doesn't cost much. They were getting 60 barrels an hour! Once this thing starts producing we will be making good money. Now they come out and say that they are restricing 75% of the O/S! C'mon people this is a gold ... errr oil mine!
IP: Logged |
posted
Well it looks like good news to me Schwabie. If the OS was bothering people and now they said that most of it is restricted....well thats good. But of course you may not believe them. I guess that can be true of any Pinkie though...so if we don't invest in what we can't verify....and all Pinkies could be liars...then why are we here???
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Razz]](tongue.gif)
![[Smile]](smile.gif)
![[Eek!]](eek.gif)
