What NAG NEEDS TO WORRYis not wall street.
I think the AuC guy is a little bit naïve although he talks big and says others know nothing.
Everybody knows that 700 billion bailout will be DEFINITELY passed and the market has already factored this in. If there is slight chance that the bailout won’t be passed, the Dow would be already below 10000, maybe 8000. They have to pass the bailout, period.
As for NAG, it is just a penny stock which has proven nothing in a decade, its up and down are purely on speculation, and now a days, speculation is dead and we need positive material chances.
The MOU NR specifically states: The closing will occur on or before September 30th 2008 at 5:00 pm PST.
I would worry if this time, they break the promise again. If they are not sure, why do they specify the closing time, does this increase the credibility for a P&D??
Anyway, Sept.30 is next Tues.