Martinas B.

National Energy Down 47% - CFO has resigned1

by Martinas B. February 21, 2007
Lackluster trading on wall street today with the Nasdaq Slightly down. But it is black Friday at National Energy Group (OTCBB:NEGI). In an 8-k filing today the company announced a new CFO Hillel Moerman. Moerman will be replacing Randall D. Cooley, who resigned from the Company effective as of November 21, 2006. The alleged reason was to pursue other business interests separate from the Company.
The stock is getting hammered today down almost 47% to $3.28. Switching CFO's is rarely greeted warmly.

Comments 1

1. Guest
August 01, 2007, 10:57AM

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