NAU's code of ethics spent sometime yesterday finding out code of ethics on NAU's website. Co. personnel will carry out duties with due care, COMPETENCE, and diligence with a view of best interest of Co. Obviously, this single code gives us shareholders all a chance to get rid of these idiots in management. Competence doesn't include waiting 22 months for bank loans management promised would be delivered. Only to issue shares at a 45% discount with dilution of 288 million shares. These idiots are collecting huge salaries, the least they can do is their job properly. #2) conflict of interest , a director, officer, employer, or consultant places or finds himself/herself in a position where his/her private interests conflict with interests of the Co. to have adverse affect of employees proper performanceof their job. EG-Pareto's preferrencial treatment. Obviously management has too close ties due to Anders Hvide being ex employee. Obviously Anders has some buddies still working there as they continue to receive boatloads of shares(and ability to disburse these shares anyway they'd like)even after management admits they held back our shareprice leading up/after last dilution at $2.42. Dumping more than 20 million since 2010, still managements clouded view is believing this is good for our Co.???Once again they've proven not to be COMPETENT, as well as favoring Pareto. There is NO WAY letting Pareto trade our shares(dump)after management struck a deal to dilute our Co. at 45% was good for anyone...but PAS, and obviously management chose their interests over us existing shareholders who follow the rules and believe in Co. #3)Competion- We seek competive advantage through superior performance NOT through unethical business practises. Illegal practises include MISREPRESENTATION. Anders stating bank loans will be secured by end of Dec/11. He actually sent me an email Jan.6/11, saying he expects completion by weeks end. How these idiots spent 13 more months wasting precious time, money, while giving up any upper hand we held is beyond me...or anyone with half a brain. Canadian banks are in super shape, even Standard Bank could have been choosen. Once again managements relationship with Pareto must have kept these banks from coming forward. Which proves both preferred treatment for PAS not us shareholders...and INCOMPETENCE once again. These dealings by management must be presented. Please everyone take the time to email Oslo Bors and explain they've dropped ball not monitoring the trading/ and relationship concerning NAUR/PARETO. Also these numbers are for Co. we as a shareholder don't have to take these treatment it states so in their code of business. In Sweden phone 020791933. Finland 0800111004, in North America 1-877-406-1466. Take the time to call everyone of us shareholders. They knocked off 45 % of your investment overnight by their incompetence and unuethical dealings and misrepresentations.