RE:RE:very favorable indeed10K ? Are you kidding ? you thought wrong.
Lie? He had more positive to say than negative.
Firstly. He did not say he sold all his shares. He did say, rather unabashedly, with ususal color and perhaps a little more enthusiasm than was warranted, that the reason to be here had lessened with the output of Bauer fields showing decline. E.g. The risk reward was rising on the risk side. I am paraphrasing of course but he said that in general terms - and also added that the natgas may/will help mitigate the pps decline,especially so, if the wells were rich. All of this suggests that investors re-assess their risk tolerance. After all, the decline, while unwelcome news, was expected, however, expectations of gas prospects was rising - an aspect that offered a cushion to an otherwise, rapid decline in pps.
Between November 2016 and Mid February 2017 over 1 million shares crossed the tape @ .30 or better. This - in addtion to all the other volume at both higher and lower prices. Plenty of room in there to lighten one's position. No volume ? Granted NWX is thinly traded. Ever stop to try to reason why? Clue: CEO owns better than 22 million shares. Just think about that for a bit.
He has maintained all along that he held more than half a million shares here, or so, if not closer to a mil and that he had sold a goodly (my words) position but that HE STILL HELD a sizeable position. He stated as much quite some time ago. True or not? I dunno, no reason to disbelieve but it has history and the more time goes on, I am more inclined now to think so.
He expected and said as much. That the pps would go south initially, but that it was not a sell stock and that if an oversold condition were to be reached e.g. 17 - 20 cents that he would add. Its called lightening up and also called trading.
So would I. This is stock is still a buy @ .17 - .21
Despite my late entry 16 months or so ago, this stock has made me money - all of it recovered money lost on LRE & PGF @ 1.50 & 4.00 respectively before I finally capitulated and sold.
Why am I posting this? Because despite his crass disposition with most posters in the entire SH forum, he helped me recover 50+ thousand dollars with what he had to say. I cannot read your post and not rebutt.
AND, just as I stumbled upon NWX with a very high degree of skepticism, whilst watching my other money evaporate in PGF and long gone LONGRUN exploration - a stock he correctly predicted would fall to 50 cents - and did (went to .25 ATL before settling @.50 - from $1.00 - I was paralyzed having suffered a huge huge loss.
But I always get back on the horse. He helped my understanding of Newport's business model just from his posts. I invested, and got it all back.
I know a lot more about a royalty based business now than I ever did.
I still like momentum .. as my posts in KNT will show .. but I shunned my cavalier approach. The market will humble you. They are not "markets" any more. One need return to old-school approaches. E.g. look for value.
So while you and many others may not like this guy because he rips into stupidity - and believe me, many of those posts are earned - there is a flip side in that he offers technical and experienced opinion.
But mostly he didn't lie as you so boldly post.
Find your price point. Buy some. Have patience. SH has you as an advanced member. Demostrate it by separating yourself from the riff-raff that so predominantly rules this place.
Peace & GLTY