A $75 Million Company Worth Less Than $0: Short North American Oil & Gas Corp.
It is unfortunate that small-cap stock fraud occurs in our equity markets. It is all too easy for a thinly traded equity with roughly zero intrinsic value to be promoted by greedy vultures to the unsuspecting retail investor. While small-cap stock fraud will never be eliminated, it is imperative that the innocent retail investor not be duped by these scams.
North American Oil & Gas Corp. (OTCPK:NAMG) is a name that I believe is currently the target of a Tobin Smith penny-stock promotion. It is my view that the stock's intrinsic value is somewhere near $0, and it is with conviction that I...
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