Hard Mailers Driving NAMG Higher!
Update: since hitting highs over $1.50 per share at the end of last year NAMG has been dropping straight down on accelerating volume – an ugly scene altogether. I predicted all this of course in my original conclusion I said "Like all Tobin Smith promo's the stock is exploding on massive volume as the hard mailers come in but once they stop spending money on marketing this stock will drop fast and leave a trail of bag holders in its wake; short term NAMG could go higher, long term it will drop big."
NAMG is being promoted by Tobin Smith with a documented $340,000 budget using the landing page namginfo.com/index.html touting "Monster Oil Boom Emerging in Southern California! Investors poised for enormous profits as USGS confirms huge oil formation up to 4 times bigger than Bakken!"
He goes on to say that 'I'll start with this. I'm recommending an immediate and aggressive buy in North American Oil & Gas (NAMG). I'm suggesting urgency because the situation in southern California is heating up so fast that an inrush of investors could quickly send NAMG soaring as high as $5 a share this year."
Tobin Smith has a long history of promoting penny stocks; some more successful than others but all trade for pennies after the promo dollars run dry as will NAMG. He was actually an analyst for fox business news and was actively pumping penny stocks there until they kicked him off a few weeks ago.
According to a recent press release North American Oil and Gas Corporation ("NAMG") is a publicly listed (OTCBB – NAMG) oil and gas company. The Company is focused on the prolific San Joaquin Basin, onshore California, with existing foundation assets targeting exploration and exploitation of high impact oil and gas projects located near infrastructure and existing discoveries.
Conclusion: Currently trading at a market valuation of $70 million + NAMG has no revenues to date and minimal assets. Like all Tobin Smith promo's the stock is exploding on massive volume as the hard mailers come in but once they stop spending money on marketing this stock will drop fast and leave a trail of bag holders in its wake; short term NAMG could go higher, long term it will drop big.
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North American Oil & Gas Corp. (OTC: NAMG) was incorporated in the State of Nevada as Calendar Dragon Inc on April 7, 2010. In November 2012 the Company changed their name to North American Oil & Gas Corp.