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Microcap & Penny Stocks : EuroControl (EUO.V) -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (6)	6/26/2013 6:53:55 PM
From: kidl	Read Replies (1) \| Respond to of 553

May 25/13: Nigeria getting a little closer??? - \| Strictly FWIW ... EUO is working with Ubeka Research / SmallCapPower.com . I don’t usually have much use for these “newsletters / tout sheets” but this one recently hooked up with the Financial Post http://www.smallcappower.com/posts/article-partnership-with-leading-national-business-daily-15-11-12 which certainly adds exposure and maybe even a bit of credibility. Just mentioning it because I came across this post on the Mart Resources (MMT) forum http://www.stockhouse.com/bullboards/messagedetail.aspx?s=MMT&t=LIST&m=32602844&l=0&pd=0&r=0 which features a SmallCapPower article about EUO’s potential in Nigeria. As everyone here knows, I have been “blabbering” about Nigeria for a while as I have been a MMT shareholder for quite some time and thus am (unfortunately) rather familiar with the huge oil bunkering / theft problems in this country. So, why do I think it’s worth mentioning an article from a paid tout sheet? Because “Paid” is the operative word. Ubeka doesn’t do much (any?) of their own research. They are fed information by their clients and paid to “spread the word” often about stuff a company can’t or won’t officially disclose for a variety of reasons; ongoing negotiations, SEC disclosure rules AND often (sadly) for the sole purpose of setting the stage for an insider orchestrated “pump and dump”. I would normally lean towards the P&D scenario but maybe not in this case and here is why: EUO’s (well paid) CEO is imho not the P&D type guy. Bharti was another story but he is gone. Heck, one could even say that Mr. Rowlands dislikes talking to (probing) shareholders. Could be just me as we had our differences in the past. :-) Anyhow, I have “spoken” with Mr. Rowlands about Nigeria a number of times. In typical Rowlands fashion, I always got a very prompt / short / guarded response along the lines of “We are aware of the situation in Nigeria” but recently it started to sound like (that’s me reading between the lines) that it was more than just awareness AND now this Ubeka article. Hmmm ... A quick thought on Nigeria: Being one of the most corrupt countries on earth, Nigeria has a tough time fighting this deeply entrenched multi billion dollar oil theft “business” on its own turf. This stolen oil gets exported to (often) unsuspecting countries / customers around the globe. Forged export documentation turns stolen oil into legit oil. This is a (huge) thorn in OPEC’s side as it undermines their “control” over global oil supplies / prices. It stands to reason that they (OPEC), the Nigerian oil producers and obviously the Nigerian government would embrace a technology which allows them to differentiate between stolen and legit oil. It would be a win win for everyone but the crooks. The potential for EUO is huge. EUO’s Uganda revenue is currently around $3.5 Mil/yr. Nigeria exports approximately 37 times the oil than Uganda does. You do the math. All of the above obviously pure speculation on my part.