Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RS has still not happened???
The RS occurs today. 1 for 2,000 shares. Desperation time.
Trueheart
Gawd, let's hope the P&D happens!!
Trueheart
still only gets them to .4 per share. I'm guessing that a huge pump and dump is going to happen right after this split goes effective.
It was going to happen. We called the RS. But 2,000 for 1? Extreme to the hilt. See ya.
Trueheart
HAHA SUCH A DISSAPOINTING PINKIE!!
NLUB(.0002)Nitro Lube, Inc. Announces 1 for 2,000 Reverse Split of Its Common Stock
Oct 10, 2007 11:00:00 AM
2007 PrimeNewswire, Inc.
LANGLEY, British Columbia, Oct. 10, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) today announced that the Board of Directors has authorized a reverse split of its common stock at the direction of its shareholders.
Description Of Split: The issued common stock of the Company is to be reverse split at a rate of 1 for 2,000. Said split shall become effective at the opening of business on Monday, October 15, 2007. All fractions caused as a result of the split will be rounded down and the Board of Directors has determined that $.05 will be paid in lieu of fractions upon receipt of a written request of the Company received at its offices located at: 22652 Fraser Hwy, Langley, B.C. V2Z 2T8.
About Nitro Lube, Inc.
Nitro Lube, Inc. is a marketing and holding corporation, organized under the laws of the state of Nevada on March 22, 1996. Nitro Lube, Inc. currently owns 100% of Nitro Lube Canada, Ltd. (a Canadian corporation) and 100% of Nitro Lube USA, Inc. (a Nevada corporation). Nitro Lube Canada is engaged in the business of manufacturing and worldwide marketing of high tech lubricants and fuel conditioners while Nitro Lube USA is currently in development. All products produced and sold by Nitro Lube contain the revolutionary "PMF2000" formula. Nitro Lube, Inc. has offices in Langley, B.C., Canada and an executive office in Palm Desert, California, USA. The company's subsidiaries maintain websites at: http://www.nitrolube.com and http://www.nitrolubeusa.com.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nitro Lube, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Nitro Lube, Inc.
Jason I. Rite
1-866-539-9404
info@nitrolube.com
Hey, Billion. Looking at the trades which are still going on, I don't know who would buy into this stock. Must be management trying to keep and interest going.
Good luck.
Trueheart
I'm getting out of this stock today...although I SERIOUSLY doubt anyone will buy this for $0.0002 lol
Jimmybob, thanks for your continued shepherding of the board. We are at .0001 and it sure looks like the reverse split is going to happen soon.
Maybe they'll run this up again and I'll get some of my bucks back although I'm not counting on it.
Trueheart
Good morning, CEO. I see that scenario but there may be a flurry of PRs and a pump and it could rise enough briefly so that I can make some money back. Fanstasy?
Trueheart
true a reverse split has to be coming soon. On the bright side you at least will be in the pennies. Makes it much easier on the eyes. The bad part is that they'll bleed it down to .0001 again.
agree. 1000:1 R/S news might come out very soon IMO
It touched .0001 this morning. About to do that RM thing, IMO.
Trueheart
Well, over the last seven years I have tried to find a public company that Tommy was associated with that was anything more than a vehicle through which to sell stock...I'm still looking.
I'm selling everything I own on NLUB...taking a huge $$$$ loss but its better to make SOME money when the pps is $.0002 than when it is $.0001 and rock bottom. I think this will hit $0.0001 this week and stay that way until there is a R/S of 1000:1
NLUB R.I.P. When they stink like that they need to be buried. EMHD too.
Trueheart
True, unfortunately this has been a debacle from the word go. I knew that once they did a forward split that it was over. No six cent stock would ever do something that stupid. Somebody ought to sue the CEO and the board. I'm sure the forward split was a way of hiding some of the dilution that probably occured pre-split in the form of share giveaways. This stock will have to undergo a dramatic reverse split of 1 for 200+ to get back into a manageable state. They may even do significantly higher if the company does progress business wise. They use that to eliminate fractional shareholders and re-take the company. Only time will tell. Now you can just look at the pretty wall paper and forget about it for now. I think I'm about to experience the same thing with EMHD. Although I'm selling it now to avoid complete loss.
Tomorrow if NLUB falls another .0001 it will fall 50%, as compared to the 33% fall from 3 to 2.
Someone pull the oxygen mask and end it.
Trueheart
CEO, sometime in late August of early September NLUB issued a PR stating that packaging for US sales was coming out of a Tennessee company. It made up for the lack of follow-through on the Coachella Valley Enterprise Zone which they had supposedly considered.
It hit .0002 today. Just about wrapped up.
Trueheart
What news about Tennessee was issued. I can't find anything since beginning of September.
CEO, no shares traded so far today. That Tennessee PR wasn't enough to revive it. How about they announce that the oil has been made the official lube for NASCAR?
Can you say "dead?"
Trueheart
You have plenty of fluid being made up in canada. They can just ship it down when they go for the landspeed record. I wonder how many billions of shares there are now.
How much embalming fluid are we gonna need for this corpse?
Trueheart
Yeah, the pinkies have been going all to hell lately. The only IHUB stock I have going is a non-pinkie. It's called Deep Down (DPDW) and it's in the undersea material supply business. It's a real company making real products in a growing sector.
It's running pretty well at around .90 and Dahlman Rose projected that it should be around $1.50 by the end of the year.
Trueheart
True, my EMHD is heading towards Nitro Lube territory at lightning speed. I'm going to bail on this until the waters clear on it. Too much trouble ahead and no news in sight make for rough waters. Soon you'll be able to buy the company at less than 1x sales. Not cool.
Jimmybob, I tend to agree with you on the RS. Gotta get the number of shares down for the next set of suckers.
Trueheart
Bored??? Nah, I am laughing as I see this once stable stock trading in the lower triple 000's!!! These people have no idea how to run a public company. You can dilute, but don't be stupid about it. They have. Now they will R/S it and put a nail in the coffin...
Jimmybob, good afternoon. Are you bored out of your skull?
Trueheart
Jeez, I could have made 33% today if only I had had the faith to buy more at .0003. Stupid me.
So when is the next run scheduled so that I can get out with a little respect?
Trueheart
True, I think it has to do with their convertible note. They owe 2.5 million from the original 3.1 million. The noteholder had been converting very regularly, which has driven the stock price down. The company recently filed an 8-k stating they have notified the noteholder that they are not going to accept anymore conversion notices and the noteholder has promptly sued them for the amount owed. Not necessarily a great move if you are in a negative cashflow position. They also filed an 8-k after that regarding a presentation they are doing for investors. I took a brief look at that and it discussed the possibility of them acquiring a low margin fuel distribution business. While vertical integration is probably a good idea at some point, its not particularly good when you don't have your core business running on autopilot yet. Also, the presentation was rife with typos and some obvious ones at that. Does not inspire much confidence and I think that is the problem. Its a great product, they seem to be executing considering that their 1st quarter sales were 60% of the total they did last year, but can they continue to grow this product? They haven't had any real news in a while, also a troublesome fact. I'm about ready to jump off the bandwagon in a big way.
EMHD is headed south, CEO. Any word as to why it's taking a dive? I haven't put money in it as yet.
Trueheart
CEO, there's this perverse thing in me that is wishing this thing will go to zero. Not only will I finally be out of the stock but they will be out of business.
They won't have anyone to sell stock to and they'll have to start the cycle all over again. Say amen and hallelujia!
Or, they could load up the next Indy winner with Nitrolube and we'll all be drinking milk.
Trueheart
How low can she go? How low can she go?
Just fading away. Yawn, I'm gonna take a nap. Let me know when the show's over.
Trueheart
Met its low again. On to zero for a zero-deserving company.
Trueheart
At its present value (can I really use that word and mean it?) it's a zero and has nothing going for it. Or, they can take a new tack and actually make product, sell it and publish sales figures that are third party certified and make the PPS go up through market forces.
Otherwise, it's as empty as the Palm Desert "headquarters."
Trueheart
I'm betting on shut up. It's too late for put up. They've issued so many shares at this point that they are buried under the weight of paper.
I'm betting on shut up. It's too late for put up. They've issued so many shares at this point that they are buried under the weight of paper.
AMEN TO THAT!!!it's time for nlub to put up or shut up.
Is this company dead or what? Has it gone bankrupt?? Havent heard a word of serious PR from this company for a few months now!!!!
Stop kidding us with all that racer shit and get on with some serious business of selling stuff and reporting financials!@
The ask moves around in a small circle and no one seems to care. They must release audited financials and if the numbers are worth looking at they must stop dumping into the roll. Management did it recently.
Trueheart
Trueheart, that is a good question. Canada or Palm Desert.
CEO, where do we send the flowers?
Trueheart
Trueheart, looks like the last of the Subway shares have been sold off. This could be the death knell.
Probably means they swapped out the Nitro Lube for a decal on the car.
Trueheart
Nitro Lube Canada, Ltd's. Sponsored Racer Wins First Place At Mission Raceway
Sep 6, 2007 6:30:00 AM
2007 PrimeNewswire, Inc.
LANGLEY, British Columbia, Sept. 6, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB), today announced that the Nitro Lube Canada, Ltd. sponsored Nitro Lube Racer finished first in its class, beating the competition by three car lengths at the Canadian West Coast Road Racing Championships this past weekend in Mission B.C. Racing was sanctioned by the Sports Car Club of British Columbia (http://www.sccbc.net/).
Jason Rite, President and CEO of Nitro Lube Canada, Ltd. stated, "Nitro Lube is thrilled to be associated with the Styan/Paetz Racing team and their crew, who delivered this win." He added, "It was an honor to be selected as the host sponsor of such a prestigious event, where top Canadian drivers participated in this 'points' championship race. Our Nitro Lube sponsored road racer had an exciting finish, winning first place in its class, and second overall in the West Coast championship. Next month will finish the season with the finals and the four hour Enduro run, and, of course, we expect to repeat last year's performance, that is, emerge as champions!"
About Nitro Lube, Inc.
Nitro Lube, Inc. is a marketing and holding corporation, organized under the laws of the state of Nevada on March 22, 1996. Nitro Lube, Inc. currently owns 100% of Nitro Lube Canada, Ltd. (a Canadian corporation) and Nitro lube USA, Inc. (a Nevada corporation) both of whom are engaged in the business of manufacturing and worldwide marketing of high tech lubricants and fuel conditioners. All products, produced and sold by Nitro Lube contain the revolutionary "PMF2000" formula. Nitro Lube, Inc. has offices in Langley, B.C., Canada and Palm Desert, California, USA. The company's subsidiaries maintain websites at: http://www.nitrolube.com and http://www.nitrolubeusa.com.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nitro Lube, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Nitro Lube, Inc.
Tom Yarbray
760-360-9547
nitrolube@yahoo.com
All that volume today was the Subway selling out the 30 million shares they received to repost basically a cruddy press release. 30 mill x .007 = 210K. Not bad for a press release and email blast.
I guess it was profit taking,it bounced of 0.0007 I think it will go up now.Those who wanted out are gone,picked up a few day traders they also left end of trading day.
Followers
|
18
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1385
|
Created
|
12/12/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |