This helps to explain things.........Ok people lets just take a moment to ponder this thought.....
13 Creditors decided to take on shares for debt at .175 cents or there and abouts. So first off how do you get 13 creditors to agree to take stock rather than money in a relatively short period of time. HMMMMMMM maybe Nordic really does have something here?
Now since the news release was posted on our initial drill results we have gone thru 20 plus million shares. You noticed how well the share price held up. It didnt want to fall past 10 cents and for that matter rarely ever traded at .10 cents. The bulk of the volume was .11cents to .13cents. So who was buying is the question? Someone here knew something and has loaded up.
With the latest news stating that they believe they have a new oil pool its really quite hard not to get excited. The share price is so undervalued its unbelievable given the upside potential on a new find. Not to mention 3 new wells will be drilled in the Loyd.
This paragraph should excite people. If not check your pulse.
"We remain positive and upbeat regarding the potential of this well and the project in general given the report provided to us by Paul Lafleur*, PEng, president of Petro-Find Geochem," he added. "Analysis of 11 fluid samples exhibit significantly high concentrations of benzene indicative of oil accumulations. Of particular significance is swab PB26Z (combined swab for intervals 937-939.5, 927-930, 917-920.5), which shows a benzene level of 2.55 parts per million plus significant concentrations of toluene, ethyl benzene and xylene. As such, it is Mr. Lafleur's belief that the well penetrated either a new, or the edge of a new oil pool in the Red River formation. The abnormally high concentration of C8-C10 (2.8 ppm) in this sample further supports this finding."
Cheers