Nettel Holdings, Inc. (fka NTTL)

[Renee]

NTTL Revoked:

http://sec.gov/litigation/admin/2011/34-65289.pdf

[Renee]

NTTL: SEC Suspension and ADMIN Proceeding:

http://sec.gov/litigation/suspensions/2011/34-64882.pdf

http://sec.gov/litigation/suspensions/2011/34-64882-o.pdf

http://sec.gov/litigation/admin/2011/34-64881.pdf

[lattitdude67]

its been a loooooooong year waiting on nguyen.... personally id rather see an arse load of promptly timed PR's than see some horrible fin's... it should be obvious to him that pk stocks are nothing more than legalized gambling... it's time to get in the game nguyen!

[silberesel]

Nettel Holdings, Inc. Announces Decision to Engage Counsel to Comply With SEC Reporting

VANCOUVER, WA, May 18, 2010 (MARKETWIRE via COMTEX) -- Nettel Holdings, Inc., (PINKSHEETS: NTTL) announced today that it has signed a retainer agreement with Stoecklein Law Group ("SLG"), to provide advice and assistance in bringing NTTL in compliance with the reporting requirements of the Securities and Exchange Act of 1934.

Michael Nguyen, President of NTTL, indicated that: "The engagement of Stoecklein Law Group is intended to facilitate the preparation and filing of our reports with the SEC, which in turn should allow us to comply with the eligibility requirements for the OTC:BB, and once again commence trading on the OTC:BB."

Mr. Nguyen further indicated that "NTTL had, like many other companies, seen some tough times in the last two years," and was desirous of seeing NTTL pursue its original business plan pertaining to its voice and facial recognition technology.

NTTL cautions investors in acquiring stock in the company as the result of the company's current intended plan to be sponsored back onto the OTC:BB, as the company will be required to obtain updated audited financial statements and complete the updating of its reporting obligations to the SEC.

Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the engagement of Stoecklein Law Group, or the company's being sponsored back to the OTC:BB, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete the financial statements that will require audits, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:
Nettel Holdings, Inc.
1-360-200-5991

[lytnup]

IT......IS......ALIVE!!!!!

Time & Sales
Price Size Exch Time
0.04 5000 OTO 15:57:42
0.035 35000 OTO 15:56:21
0.04 5000 OTO 15:53:41
0.035 30000 OTO 15:51:20
0.035 25000 OTO 15:45:07
0.035 10000 OTO 15:36:53
0.035 20000 OTO 15:36:52
0.035 25000 OTO 14:52:46
0.035 7500 OTO 14:46:31
0.035 20000 OTO 14:20:40
0.03 580 OTO 13:13:48
0.03 750 OTO 13:09:01
0.03 9000 OTO 13:09:01
0.03 5000 OTO 13:08:50
0.03 10000 OTO 13:08:47
0.03 26701 OTO 13:07:29
0.03 5000 OTO 13:07:28
0.03 601 OTO 12:27:33
0.03 3459 OTO 12:27:32
0.0255 50000 OTO 09:35:34
0.0255 50000 OTO 09:35:31

[lytnup]

Today's trades:

Time & Sales
Price Size Exch Time
0.025 2700 OTO 13:53:13
0.027 20000 OTO 13:13:27
0.028 5000 OTO 13:04:22
0.028 40000 OTO 10:12:42
0.028 18450 OTO 09:45:56
0.028 25000 OTO 09:42:30

Painted EOD with a $67.50 trade......5X av. daily volume - any more takers?

GLTA

[lytnup]

Posted on Yahoo:


April 11, 2009 lawsuit 15-Apr-09 05:13 pm ETH-Cargo Services, Inc. vs. Nettel Holdings, Inc., et al.

http://dockets.justia.com/docket/court-p...

Plaintiff: ETH-Cargo Services, Inc.
Defendant: Nettel Holdings, Inc. and Michael Nguyen

Amount Demanded: $34,360,000.00

[lytnup]

it

is

alive

Time & Sales
Price Size Exch Time
0.04 37864 OTO 13:55:21
0.04 10136 OTO 13:55:20
0.037 25000 OTO 13:55:09
0.04 8000 OTO 13:55:08
0.03 11000 OTO 13:55:08
0.02 5000 OTO 13:55:02
0.02 20000 OTO 12:50:54

[papacoco]

For translation purposes, I was just saying that it was a given that Mike Russo didnt tell the truth. Its black and white either he did or didnt. Clearly he didnt.

Merry Christmas and Happy New year to all.

[lytnup]

Uh....English, please.

Merry Christmas to all - sorry this thing seems to be dead in the water.

[papacoco]

I hope you do not own shares in this. There is little hope here. And communication has been dead for months.

Mein Freund, aber ich denke, Mike Russo ist nicht die Wahrheit zu sagen. Er hat nie die Wahrheit sagen würde. Es ist schwarz und weiß.

[silberesel]

All of you out here???????

One more interview with Mike Russo and he should be XXXXXXXX!

The same with the other Mike - you remember the "NEW WAY OF SHAREHOLDER-UPDATES" - NTTL has lost Confidence for ever.....NTTL IS DEAD - I'm sorry - but he (Mike) jerked us all around.

[papacoco]

Im out, had enough of Mike and Mike. Good luck to you guys.

[papacoco]

Wow, we haven't heard Mike Russo around lately to tell us tales of riches lately. Anybody know where he went of to?

[papacoco]

Yep, i saw that one. Whats got me concerned is they hitched their wagons to steel and away from AVOP. Now steel prices have plummeted.

[lytnup]

Friday's trades:
Time & Sales
Price Size Exch Time
0.06 500 OTO 15:08:07
0.02 500 OTO 15:03:17
0.06 5000 OTO 14:35:24
0.05 5000 OTO 14:30:25
0.05 2000 OTO 14:30:24
0.07 1000 OTO 12:08:06
0.05 20000 OTO 12:07:17
0.05 20000 OTO 12:06:07
0.05 8000 OTO 11:50:28
0.07 2000 OTO 10:35:45

NTTL set a new 52-week low of .02

Can't get much worse than this - GLTA.

[papacoco]

For what its worth........ we have a new podcast...... http://heavensembrace.org/media/nttl103108.mp3

[lytnup]

Unfortunately, the WSJ has featured a number of articles this week documenting the downward trend of steel prices due to lack of demand - such realities fly counter to the projections made for Tougi months ago. It would be instructive to know just how much NTTL got for the steel mentioned in the contracts; we all know that they sold some steel earlier way below what they could have, just to get cash. Let's hope they haven't done more of that.

Likewise, if the downturn continues, once again NTTL will have plowed all of its resources in a business that will have already peaked, and will get stuck with a bunch of yards, and material, that there won't be demand for.

Not a great place to be, I'm afraid.

We'll find out if he would have been better off plowing some money into this stock overhang - sure would have been better for shareholders, IMO. But.....this isn't about what's best for shareholders, right.

[papacoco]

Keep this in mind Steel prices are down from their highs. Steel prices could drop more as production in Asian countries drops off. This whole business model doesnt work so well if steel prices slip below a certain dollar level per ton.


Also there is a huge credibility issue with anything the company says whether it is current or forecast.

I still own shares....so of course I hope this picks up. I just am not up for drinking the coolaid anymore. No sir Mr. Jones, Ive had my share.

[seneca_44]

I have a feeling that Nttl's management was relieved when nttl was delisted from the bulletin board. They no longer have to adhere to the discipline of reporting their financial results on time. Perhaps their ' non-existent accounting staff had messed up the non- existing accounts records, resulting in the non existing 10Q. Whatever it was, it provided a way out of the reporting dilemma which they faced. So reporting is no longer a priority. I still believe that some modicum of responsibility to shareholders will result in the submission of the 2nd and 3rd quarter 10Qs in due course.

The most significant thing to me is that nttl is now reporting on things done, rather on things to be done. It would have been helpful if they had indicated that they had started shipping the scrap under both the cash and L/C supported orders.

Avop I believe is doing as well as or better than it has done in the past year. The only caveat I would lodge is that it was the only cash generating segment of the business. AVOP may be temporarily moribund to the extent that its positive cash flow is being used to fund the scrap metal operation, but this may be a temporary and worthwhile sacrifice. The Avop revenue platform is really an automatic generating cash machine. What it needs is working capital to properly fund the purchase of minutes. If AVOP was to be enabled with a $1M working capital, we would be laughing all the way to the bank.

With the recent cash and L/C supported orders, Tougi should be able to generate at least $2,000,000 in working capital within the next three months. How they prioritize its allocation between the scrap business and Avop will be an interesting management decision. The priority right now in my view should be the scrap metal segment. Its a window of opportunity for building up the financial base of the company.
At the same time we should remember that there are a quite a number of projects including ‘talking technologies’, that are lying on the wayside in need of completion, promotion and marketing. This will take cash. If scrap metal becomes a cash cow, then plating your drive way with gold may not be unthinkable.
I still believe that in spite of the credibility issues, we can pull it off, and my hope is that we will.

[papacoco]

Oh I dont know, a lot of people bought in at much higher prices than now. I am under the impression no one wants to sell at a loss. Hope is that there is a run next year sometime, so people can get their cost out.

[lytnup]

Might be because no one is following NTTL.

More news -

Tougi Signs New Contract for 1000MT of Steel per Week
Tuesday October 28, 8:58 am ET


VANCOUVER, WA--(MARKET WIRE)--Oct 28, 2008 -- Nettel Holdings, Inc.'s (Other OTC:NTTL.PK - News) Tougi Division has signed its first long term cash contract for 1000MT of HMS 1&2 steel. A cash deposit was received last week and work started right away.

A cash contract means Tougi will get paid immediately when the metal is shipped.

This contract is significant for many reasons. First of all, during the past 8 weeks, the world economic crisis has created an environment of extremely tight credit and a large drop in commodities prices resulting in delays in negotiations of some of Tougi's larger cash contracts. This new cash contract gives Tougi the financial strength to move forward and help reverse the downward trend in steel prices by putting Tougi in a stronger negotiating position. In addition, Tougi can now step up processing of steel for the 4 new contracts, recently announced, that are collateralized by the letters of credit totaling more then $6mil.

Tougi is a fully owned division of Nettel Holdings, Inc.



Contact:
Contact:
Nettel Holdings, Inc.
Investor Relations
503-336-5098



--------------------------------------------------------------------------------
Source: Nettel Holdings

[papacoco]

Market wasnt exactly receptive to the news.

[lytnup]

News out-
Nettel Holdings Announces 4 New Long Term Contracts for Tougi Division
Monday October 27, 9:57 am ET


VANCOUVER, WA--(MARKET WIRE)--Oct 27, 2008 -- Nettel Holdings Inc. (Other OTC:NTTL.PK - News) announces 4 new long term contracts for its Tougi Metals division.
In order to implement these contracts and eliminate any risk of payment to Tougi from these new buyers, a Letter of Credit (LC) has been issued from their respective financial institutions. This means that they have already paid for the steel they intend to buy, and the financial institution will guarantee payment. Tougi will get paid 5-8 days after the steel is shipped.

The first LC was obtained from our buyers in Bangladesh for almost $3mil of steel to be shipped within 60-90 days. This contract is considered a revolving contract, so when the contract is complete it will immediately get renewed for an equal amount. The plan is to supply 5 containers per day on this contract. This would allow us to fulfill this requirement in 52 days.

The second contract/LC is from our buyers in Vietnam to be completed within 45 days is valued at $760,000. By loading 4 containers per day on this contract, we can satisfy this first segment in 20 days. This contract will also automatically renew when completed.

The other 2 contracts are from our buyers in India and are for 6000MT, valued over $2 mil. Arrangements are being made to commence shipping for this LC. These contracts will also automatically renew when completed.

Our current production capacity from our yards in Puerto Rico alone is now 30 containers per day. Equipment is in place, large truck scales have been installed and personnel are trained and ready to go.

The current global economic crisis has slowed us down this past month, but we are continuing to go forward. Steel prices have dropped, but since our costs are so low to begin with, it has had little impact to our profit margins. Our costs have also gone down. Going forward the world wide demand is still strong for our products, as evidenced by these new contracts.

For more detail please go to our website www.NettelHoldings.com and click on Investor Relations.



Contact:
Contact:
Nettel Holdings, Inc.
Investor Relations
503-336-5098



--------------------------------------------------------------------------------
Source: Nettel Holdings

[papacoco]

Appreciate the post. I just wanted to hear it from another person.

All the PRs saying what they had accomplished and all the forecast.... the sad truth is these guys actually didn't achieve even one thing they claimed . I think this goes beyond just mismanagement.

[lytnup]

papacoco-
Venting here, after a bad day's stock performance, used to give me a little solace, but that was like a year and a half ago.

I have resigned myself to updating the box as best I can, and to assault Mike and Mike via email once or twice a month.

There is really nothing for us to do - nobody wants to buy stock in a company whose performance is not only poor, but now unverifiable. There is no sense cheerleading, no sense hoping, no sense believing anything either of them say anymore. 5 years has been long enough for Nguyen to get his act together. Computer parts didn't work, apps didn't work, phone cards didn't work, broadband didn't work, AVOP doesn't make money, and now he is in Puerto Rico, as if by some miracle his mere presence will right the ship. This line of work will serve to pay for his fumbles and mistakes, while we all wait for something that isn't going to happen. He's not going to buy back the stock, or hire a PR firm, or get compliant, or move to a higher exchange.

IMO - that's why nobody's here. There are more fun, more exciting, more profitable places to be with your hard earned money.

NTTL is dead.

[papacoco]

Really? We have no comments on the price per share today?

[papacoco]

The fact that the company has not issued the 10Q on time and is still months late after they said they would file..is very bad.

My opinion is none of these updates or press releases matter anymore until the 10Q is filed.

You might notice that the bid is at .02, I think this tells us all where we are headed. We may get our money back...but its going to be a long climb out of the hole thanks to Mike.

[lytnup]

No - thanks for the heads up.
BTW - I'm not too thrilled about selling metal below market price and giving up 5% to have banks clear payments quicker.....but; it does seem that NTTL is still in business.

Hooray for us!

Nettel Holdings Corporate - Current Progress and Update on Contract for Metals
Oct 06, 2008


Tougi Metals is currently working with four new buyers from Bangladesh, Vietnam and India to obtain Letters of Credit (LC’s) from their respective financial institution - a third party that will help facilitate the process of buying and selling metals by guaranteeing timely payment for metals rendered to our buyers. These LC’s are letters from the buyer’s bank assuring us of their clients’ creditworthiness and is an agreement by the bank to pay us in case of the buyer’s default. The terms and conditions outlined in the LC are set by the buyers and approved by the buyer’s bank. Once we agree to the terms and conditions set forth in the LC, we begin processing metals consistent with the volume and timeline specified in the agreement. We have been working with a group of bankers on our end who will work with LC’s to ensure payment due us is remitted within 2-5 days upon our meeting the conditions of the LC and delivering the required paperwork. Because this type of transaction provides the comfort of guaranteed and prompt payment by a reputable bank, this was our natural course of action as we continue to seek to grow in this business.
The first LC was obtained from our buyers in Bangladesh with an agreement for 6000MT of HMS1 to be completed within 60-90 days, valued at $2.8 million. Because this contract is considered a revolving contract, we expect an on-going profit of around $1 million per month. Our plan of action is to load 10 containers per day which will allow us to fulfill this agreement within 26 days. Worst case scenario of 5 containers per day will allow us to fulfill the agreement within 50 days, more than one month ahead of schedule.
The second LC was obtained from buyers in Vietnam requesting 2000MT to be completed within 45 days and valued at $760K. By loading 5 containers per day, we will be able to satisfy this agreement within 16 days. Our profit is expected to be around $200K per month.
The other two LC’s from clients in India for 6000MT, valued over $2 million, are still in the negotiating stage but are expected to be completed and signed this week.
With our current capacity of 30 containers per day (700MT) from all the yards in Puerto Rico alone, we expect to be able to fulfill all four contracts efficiently. However, in order to process this kind of volume, we must have operating capital and we must pace ourselves accordingly so as not to put too much strain on our budget. We currently have approximately 200 containers on the water en route to their final destination and to help finance these new projects, we calculatingly sold 70 of these containers below market price for immediate cash flow. These containers will yield $386K which is more than sufficient for us to begin processing metals for the LC’s - we expect payment to be received sometime this week. We are also considering paying a 5% fee to our bank to forgo the standard waiting period of 2-5 days before receiving payment once the required paperwork are submitted to help finance the first week of this project but will only use this option as a last resort.
We expect to receive more LC’s in the future and have been making the necessary preparations to meet the demands of the growing number of contracts. Although our goal of opening 50 yards in 12 months has not changed, our approach and tactic towards future business certainly has.

[Frizz]

Did you see the new article posted on the investors web page on 10/6?

[lytnup]

I'm thinking that there isn't much to do except hunker down and wait it out.
No updates of containers for sale on Tougi.com since Sept. 15th - all we can do is hope.

GLTY

[Frizz]

Anyone still out there? What are you all thinking now?
Frizz

[papacoco]

You and I are in the same boat. At this point Id be happy to just get my money back. LOL

Company has huge potential, but you know the rest.....

[Sten54]

I am glad to see some folks still look in to see what is going on.
Papacoco, I am looking everyday but not saying much as it seems I am not as diplomatic with my words.
As to this stock, well we all hope against hope that we have the chance to cash out like a year and 1/2 ago. That was why I am here....had a friend make good on that one. The company has mucho potiential but an egomanic at the helm. Money is always an issue? WEll time will tell.
Thanks for the heads up on the web site thingy. I still have russo's number so I call him once in a while.
Good Luck to All....

[Traderfan]

They had this BS with the online answers already in the past. I saw all of that already 2 years ago since I'm a shareholder for 5 years now.

I now think they are nothing more than crooks. The intentional downgrade to the pink sheets, the constant misleading pr's, the liar called Mike Russo, everything is crooked in this company. Sad but true.

Just wait and see. In 3 weeks from now nobody will ever going to answer any questions anymore on the website. That said if they even answer any in the first couple of weeks which is not a sure thing.

In my opinion the insiders all cashed out during the wild upswing to the 80 cent range when this thing moved 1.5 years ago. That was the time to sell and I'm sure Russo und others did sell a lot, also this crooked radio guy Twain. I'm sure he was part of the whole "rip off".

[seneca_44]

True word.

[Sten54]

Well from my view it seems like the ceo has justified all the things that folks have said about him. He does not care about us as investors. He is thinking only of himself and how to make money for himself. We will see nothing until he says so. I am upset at this but what can I do???NOTHING
Well it seems that I have one more reason to say these little stocks are very dangerous!
I have been in this company for more than a year and it stinks that all this potiential is wasted on someone who is so self centered. JMHO

[papacoco]

I have the same stinking suspicion. LOL They seem to have shot the whole investor relations thing, ala Mike Russo, in the foot, I am not sure what will come from their newest idea, posting updates on their website. I would like to believe them, but they need to proof themselves at this point. Sad thing is, even if they do produce results, gosh knows when the market will accept it as a fact after the credibility that has been squandered. Yes, even if this turns around, we are all going to pay a price for that mistake.

Well, lets all hope they get on the right track soon.

[seneca_44]

I have a suspicion that you may see it sometime between October 25 and 31, 2008. I would be surprised if it was released any earlier.

[papacoco]

This seems at least a little bit odd to me. But, ok lets give it a try.

[Frizz]

Nettel Holdings Introduces a New Way to Update Shareholders
Friday 09/19/2008 11:33 AM ET - Market Wire

Nettel Holdings Inc.'s (PINKSHEETS: NTTL) full report is available on-line on progress of 8 new scrap metal yards.

Due to a growing awareness of the need to communicate more effectively and frequently with shareholders concerning the progress and status of Nettel Holdings and its subsidiaries, we are adapting a more interactive approach to our information sharing. All updates and answers to shareholders' questions, comments and concerns will be posted on-line and will be accessible by logging onto our website or by clicking a special link. This enhanced feature will allow us more flexibility in our communication efforts and allow shareholders to receive answers to their questions more frequently. This new method of communication will keep shareholders abreast on all the latest news, activities, advancement, development and challenges facing Nettel Holdings and will give shareholders the capability to track its progress more easily. We believe this new feature will prove helpful and valuable to our shareholders as we continue to look for opportunities to grow as a company.

Updates and Q & A are available by logging on to www.nettelholdings.com and clicking on Investor Relations.

Contact:
Nettel Holdings, Inc.
Investor Relations
503-336-5098



SOURCE: Nettel Holdings

[papacoco]

So..... does anyone have a clue when we get to see the 10Q issued? The silence is spooky. LOL

[papacoco]

I think it will show up on 2nd Qtr 10Q earliest, on 3rd Qtr latest. I just don't think it will be the magnitude promised. EOM

[Traderfan]

Anyone here that still thinks that this scrap metal "thing" will ever show up on any financial filing in the future? I still say suddenly an unforeseen problem will come up like it was with every other business in the past.

Where are all the AVOP gateways which were promised 12 months ago?

[lytnup]

YAWN.....

Time & Sales
Price Size Exch Time
0.135 440 OTO 15:55:25
0.13 440 OTO 15:55:25
0.135 10000 OTO 13:33:48
0.11 5000 OTO 13:33:45
0.11 10000 OTO 13:33:19
0.11 200 OTO 12:25:11
0.10 20000 OTO 11:15:31
0.10 15000 OTO 11:15:30
0.10 25000 OTO 11:15:22

[seneca_44]

Thanks papacoco. I have visited germany four times and each time I have to depend on a translator. Now i will have to depend on you. (lol).

[papacoco]

To paraphrase..this is my best attempt to translate what he said in german since you were asking.

Again this is what our german friend has stated. I am skeptical myself.

See below for my translation.
-----------------------------------------------------------------
"You do not see the opportunities in NTTL?

Yesterday, I have an hour with Mike Russo on the phone, it was mainly about the issues of the HMS Scraps in Puerto Rio in Mexico and the Bahamas. The opportunities here to make a money is better than ever, even though many erroneous statements in the past ,we can now assume that we are currently at 140 million revenue a year, 15% profit.

In addition, there will soon be entirely different opportunities shortly to be considered once the first profits can be generated.

-- BuyBack Program
-- Dividends payout
-- Higher sales of AVOP (from 6 to 15 million in the quarter)
-- Investor Relations Company

Also this will make you not worry soon we see the money."
--------------------------------------------------------------

[papacoco]

Erstens, ich entschuldige mich meine Fähigkeit in Deutsch ist sehr schlecht.

Ehrlich gesagt, Sie denken, Mike Russo spricht die Wahrheit? Und 140 Millionen, das ist ein verruuckter Prognose, ja?

Es ist mooglich, die Situation wird sich verbessern. Aber ich glaube nicht, was Mike und Mike sagen mehr. Ich glaube, gepruufte Bilanzen.


Wenn Sie wollen, machen einige echtes Geld, sehen Sie sich ANVH. Dies sind einige smart isreali in diesem Geschaaft.

And, please everyone dont complain to me, if you have a problem with german... ask Mike and Mike to send a talking technologies translator to translate. LOL

[papacoco]

Ja, deutsch ist die sprache der liebe. Sie sollten lernen, einigenn. Oder war, dass die franzosische Sprache? LOL

So anyway, what do our german friends have to say about NTTL? I am sure they aren't too pleased either.

[papacoco]

Thanks. Seriously, its still the beginning for anyone interested I hightly encourage you guys to check out the DD. It wont stay at these prices forever. My position is pretty big compared to NTTL.

Still have some faith for NTTL. But, its going to take a whole lot of time.