Much has been made about this new appointment of Alden McCall and how he’s the man to turn things around and help to start a new chapter in NTOG’S evolution.
Well it dosen’t look particularly Good old Alden has already been involved with a chapters in his career one of which was the CHAPTER 11 filed in the United States of America concerning Provident Royalties; where good old Alden was according to his resume; Chief Geologist (Exploration Manager) at Provident Royalties, LLC
Not exactly an inspiring move on the part of Matt Lofgran! The much vaunted Chief operating officer’s involvement with Provident Royalties can be found online. Although being employed by a company that goes bankrupt isn’t Aldens fault he was still part of the set-up.
Case No 09-33886-hdh11. Doc177 Filed 08/10/09 In the United States Bankruptcy Court for the Northern District of the Texas Dallas Division contains 74 pages of hard copy.
It’s a litany of abject failure.
There’s some thing just not right with a company that employs former employees of bankrupt companies and if truth be told success breeds success while failure breeds failure.
No mention of Aldens involvement with this company in any of NTOG’S press releases.
Stay well away from this company until the new CEO brings about real change. We here will be watching!.
Protecting and serving the interest of small investors!