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Not much but some trading today...
Here's the entirety of the April 2013 trades in Sanwire. The nine trades with time but no date are all today, Tuesday 4-23-13 and maybe a price is emerging around 17 or 18 cents. Volume still too low to mean much but that 17 to 19 cent range seems to be "home" for now.
Sanwire.net website still says under construction - don't think anything is imminent as to company announcements.
Time & Sales
Price Size Mkt Time
$0.1800 500 OTO 14:16:15
$0.1300 4,000 OTO 12:32:29
$0.1300 6,000 OTO 12:08:16
$0.1700 550 OTO 12:07:10
$0.1700 5,000 OTO 12:06:57
$0.1750 5,000 OTO 12:06:39
$0.1900 300 OTO 11:59:12
$0.1750 400 OTO 10:22:27
$0.1750 9,000 OTO 09:32:31
$0.1750 251 OTO 04/15
$0.1750 1,826 OTO 04/12
$0.1750 360 OTO 04/05
$0.1750 100 OTO 04/04
$0.1750 200 OTO 04/04
$0.1750 100 OTO 04/02
it was after hours on a Friday [4-5-2013] but i called the 800 number listed in Tulsa for Sanwire. The answer indicated it was Sanwire then the call went to voice mail.
i didn not leave a message but about 3 hours later got a call asking who I was calling. i indicated i was calling Sanwire Corp. The person speaking simply said he worked with Mr. Parente - confirmed it was Sanwire's phone and asked what my connection was. I replied that i was a shareholder having moved over from ipackets.
He said there would be news out in the next few weeks and the website would be online. Nothing definite mentioned as to future events but i was told to watch for upcoming news from Sanwire. He said he'd ask Mr. Parente to contact me so we'll see if that happens. And yes HQ will be in Tulsa.
rjw/mkc
May be nearing something of substance with Sanwire i get the feeling we'll see some action this summer - maybe even in May. They seem to be positioning things for launch of a new marketing campaign - need to get more of the trappings of a real company in place first - like a website. That's pretty basic for anyobyd doing business nowadays and Sanwire has zero on the web.
rjw/mkc
Sanwire Exercises Its Option For 100% Ownership of The iPMine Intellectual Property
SEC Filing at: http://www.sec.gov/Archives/edgar/data/1096759/000109675913000008/nr01exerciseofipmineownershi.htm
Full Text:
Tulsa, OK – March 26, 2013 – Sanwire Corporation ("Sanwire") (OTCQB: NTMG) announced it has exercised its option under the recently executed License and Distribution Agreement for 100% ownership of the iPMine communications and mine-safety system. The iPMine system will continue to operate under Sanwire’s wholly owned subsidiary, iPTerra Technologies, Inc.
About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware that connect on-the-move professionals. Our vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind - deliver efficient and reliable communications. For more information, visit our web site at www.sanwire.net.
About iPTerra Technologies, Inc.
iPTerra is a designer, developer, manufacturer, and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining industry. iPMine, iPTerra’s flagship solution, allows mine operators to communicate (voice, text, and video), track, locate, identify, and monitor miners and equipment. For more information, visit our web site at www.ipterra.net.
Contact:
Carman Parente, President and CEO
1 (800) 243-1254
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
-----
Hadn't known of a Tulsa connection for any of the various names associated with iPackets, predecessors or successors but the filing above is from Tulsa and this is shown as the CONTACT info via the ipTerra website.
iPTerra Technologies, Inc.
4528 South Sheridan Road
Suite 228
Tulsa, OK 74145
Phone: 1 (800) 243-1254
For all inquiries, please email us at info@ipterra.net
Google Earth View shows the address to be a two building office complex - a variety of tenants are listed. Haven't called yet to see how they answer the phone - expect it'll go to voicemail.
The Sanwire website is back to showing "Under Contruction" with the Sanwire logo.
So looks like Sanwire, NTMGD, is the only play for all the ipackets technology.
Almost no trading in NTMGD - about every two weeks a few shares trade - last transaction was at 17.5 cents. The 1 for 50 reverse split price should be 47 cents but that fell immediately to 17 cents.
Here is the trading in NTMG and NTMGD for the past two months. Everything prior to the March 21st trade was pre-split. The flurry of trades on Feb 28th I still don't understand. The highwater mark of 0.015 pre split would translate to 75 cents after the reverse so the current and meaningless pricing of 17.5 cents is a 77% drop. That's the "price" of a reverse split which typically sees a reduction in value and thus market cap. A price paid for the cosmetic effective of getting share price back above a penny. Couple of minor transactions 4-4-13 for 17.5 cents.
Time & Sales
Price Size Exch Time
$0.1750 100 OTO 04/04
$0.1750 200 OTO 04/04
$0.1750 100 OTO 04/02
$0.1700 320 OTO 03/27
$0.1800 480 OTO 03/22
$0.1600 100 OTO 03/21
$0.1600 100 OTO 03/21
$0.0095 8,000 OTO 03/06
$0.0097 6,000 OTO 03/05
$0.0034 10,000 OTO 03/04
$0.0034 1,000 OTO 03/04
$0.0100 4,000 OTO 03/01
$0.0032 1,630 OTO 03/01
$0.0100 4,999 OTO 02/28
$0.0100 40,000 OTO 02/28
$0.0150 5,000 OTO 02/28
$0.0150 10,000 OTO 02/28
$0.0150 60,000 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0100 2,000 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0115 1,000 OTO 02/28
$0.0200 83,354 OTO 02/28
$0.0120 10,000 OTO 02/28
$0.0150 4,000 OTO 02/28
$0.0100 25,000 OTO 02/28
$0.0100 1,000 OTO 02/28
$0.0100 15,646 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0100 50,000 OTO 02/28
The Sanwire website site has gone from "Under Construction" with a Sanwire logo to a generic: "This site is down for maintenance. Please check back again soon."
Then a log in screen for username and password .
A step backwards i'd say - I liked "Under Construction" better- like something might happen soon. That's at http://sanwire.net/ .
Couple of very small stock transactions Tuesday - total of 320 shares at 17 cents. Basically we know nothing and there is essentially no trading action in NTMGD, Sanwire. New symbol and new name for the old NT Mining.
the iPTerra site is still up at: http://www.ipterra.net/.
Looks like there is no IPKL website anymore . ipkl.com goes to a "domain for sale" placeholder.
Not much to hang a hat on.
rjw/mkc
What's next here? Anybody expect this to be an actively trading stock again soon? The way forward is not clear but I assume the CEO has maneuvered control of the former iPMine technology to Sanwire for a reason and there'll be a future for this company.
One transaction took place Thursday for 480 shares so minimal activity but a smidgen has taken place. Will there be another floodgate day like Feb 28th with a one-day flurry of transactions? Lots of questions - no answers.
rjw/mkc
First trade since the reverse split - been two weeks since any NTMG transaction. 200 shares of NTMGD traded at price of 0.16 today so we have a price and it meant a 66% drop from last trade prior to the 1 for 50 reverse split. Can't think it means much so not sure what the price is or should be for Sanwire - has to start from somewhere and for now 16 cents is the price that'll show till another transaction takes place.
no change on the sanwire.net webite - still "under construction".
rjw/mkc
Just read your second post - quoting from the report.
Have we got it? Can you check off the specs down the line and say "yes, we can do that?"
I doubt anyone can say that for sure but I hope Sanwire is in the ballgame. They'll need to raise money -- demo their system -- prove they can manufacture and deliver a product and provide on site support. I hope Kanno, Vetter and Parente are geniuses in their respective roles and this is a 100% sincere endeavor.
Be nice to read something on the "under construction" Sanwire website this coming week.
rjw/mkc
Let's hope Sanwire is in the right place, right time with the right equipment to actually enhance mine safety . I sure don't want them to be engaged in this if they aren't there to actually provide something better than currently exists. The issue of mine safety isn't to be played with for profit alone - the lives at stake deserve the best technology available.
The market niche is ripe for some strong entries. Nomad/Ipackets had years of development time and Naiel Kanno apparently has that technology in this new entity, Sanwire Corp.
As a IPKL shareholder I'm a bagholder but I've got a new small stake here in NTMGD as the only way forward I see to recoup anything from former investment.
Has anyone entered a buy or sell? Nothing has executed since March 6th and that was before the reverse split. i'm guessing some have orders on the table that are not executing. Price quote is 0.475 but that's just the last trade at 0.0095 adjusted for the 1 for 50 reverse split.
I don't know within 30 cents what a fair price is. If Sanwire has a marketable product then the sky's the limit. The opposite true if they're merely selling pictures on a website. it's gotta work - hope Kanno has been on the right track for years and just not able to bring it home.
rjw/mkc
Is the whole Bullmoose Mine thing a dead issue and total focus now on mining safety technology? You long timers here know more about that history than I do.
Noted in that report:
We have identified some functional characteristics of technology that are needed and
likely to enhance the transfer of information needed to facilitate and optimize self-escape:
Tracking: It is critical for the hazard management purposes to understand who is
in a mine and where they are located within the mine at any given time. This
information should be available to the surface communication center and this
information should also be transmissible to fellow miners so that the miners can
congregate and form teams in order to optimize their self-escape capabilities.
Communication: Communication during an emergency that is succinct and
effective is essential. Thus, natural verbal communication should be enabled
between the surface communication center and the miners, as well as between all
miners within an area. Miners must be able to communicate with each other when
they are in close proximity to each other as well as when they are within
reasonable distance to each other (e.g. nearby sections). Any devices should be
wireless, lightweight, and be easily accessible and worn on the miner.
Wayfinding: Technology needs to be developed that tracks the miners’ locations
within the mine, information about air quality, fire sources, as well as other
hazards and incorporates this information into an easy to interpret display to
enhance wayfinding.
Directional Technology: Directional information that is usable even under poor
visual and communication-deficient conditions is needed to direct miners to
escapeways, rescue chambers, additional supplied air devices, man doors, etc.
Underground cues to such locations can be provided with simple technology such
as lifelines and passive tactile indicators embedded in the physical mine
environment itself to provide real-time information to an escaping miner.
However, it is important that such directional technologies be designed with
human factors principles in mind so that the miner can most effectively and
accurately interpret the directional signals provided by these technologies.
Program Policy Letter No. P11-V-13 from the U.S. Department of Labor provides guidance for acceptable
alternatives to fully wireless communication systems since this technology is not sufficiently developed at this time.
“Examples of currently available technologies that may be capable of best approximating a fully wireless
communications system include, but are not limited to, leaky feeder, wireless or wired node-based systems, and
medium frequency systems” (available: http://www.msha.gov/regs/complian/ppls/2011/PPL11-V-13.asp
[November 2012]).
Report: Communications Technology Among Tools Needed to Aid Miner Safety
3/15/13
COLUMBUS, Ohio—A new National Academy of Sciences report http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=18300 identifies tools that would help miners devise their own means of escape when trapped underground.
[Read this book online, free! Click here to proceed to linked table of contents https://download.nap.edu/catalog.php?record_id=18300 ]
In part, the report suggests that The National Institute of Occupational Safety and Health (NIOSH) and the Mine Safety and Health Administration (MSHA) work closely with technology companies to develop new communications and tracking devices—ones that keep working underground after a mining accident.
It also suggests that NIOSH and MSHA work with mining companies to enable frequent escape drills and extensive training with safety equipment.
The report offers the first comprehensive examination of all the diverse factors that affect mining safety, said William Marras, professor and Honda Endowed Chair in the Department of Integrated Systems Engineering at The Ohio State University and chair of the report committee.
“All these factors have been reviewed before, but only in isolation. On the committee, we realized that the problem is that all these things are connected. So we analyzed each one to find out how they fit together,” Marras said.
For instance, when the air in a mine is contaminated with smoke or chemicals, miners are supposed to wear a portable air supply. But the standard design requires them to bite down on a mouthpiece to breathe, so they can’t talk.
“In an emergency situation, miners need to gather as much information as they can, as fast as they can. Sharing information is especially important, and you can’t do that if you’re wearing this mouthpiece,” he said.
“In an emergency situation, miners need to gather as much information as they can, as fast as they can. Sharing information is especially important.”
The committee suggested that researchers develop breathing devices that don’t inhibit speech, as well as easy-to-use electronic communicators that double as way-finders to help miners navigate to the safest exit—along with training to make using these devices second-nature in case of emergency.
The complete report, Improving Self-Escape from Underground Coal Mines, is available online from The National Academies Press.
Marras directs Ohio State’s Biodynamics Laboratory as well as the Institute for Ergonomics. He was elected to the National Academy of Engineering in 2009, and is the immediate past chair of the National Research Council Board on Human Systems Integration.
#
Contact: William Marras, (614) 292-6670; Marras.1@osu.edu
Written by Pam Frost Gorder, (614) 292-9475; Gorder.1@osu.edu
http://researchnews.osu.edu/archive/miner_safety.htm
The answer to doing the math on all those reverse splits:
It would take 600,000,000 of those 2001 shares would get you 1 share today.
or share today would be 1.7 times ten to the minus ninth of those early shares.
ntmgd
Sanwire Corpm, NTMGD, stats from otcmarkets.com
Shares Outstanding 1,331,937 a/o Mar 07, 2013
Company Directors
Carman Parente
Company Notes
Formerly=NT Mining Corp. until 3-2013
Formerly=777 Sports Entertainment Corp. until 11-2008
Formerly=Oasis Information Systems, Inc. until 2-05
Formerly=1st Genx, Inc. until 10-01
Formerly=1st Genx.com, Inc. until 4-01
Formerly=e-Vegas.com, Inc. until 8-00
Formerly=e-Casino Gaming Corp. until 6-99
Formerly=Clear Water Mining, Inc. until 3-99
Capital Change=shs decreased by 1 for 4 split. Pay date=6-14-01.
Capital Change=shs decreased by 1 for 10 split. Pay date=6-24-02
Capital Change=shs decreased by 1 for 300 split Pay date=02/07/2005.
Capital Change=shs decreased by 1 for 2000 split Pay date=11/04/2008.
Capital Change=shs increased by 2 for 1 split Ex-date=03/16/2010. Rec date=03/10/2010. Pay date=03/15/2010.
Capital Change=shs decreased by 1 for 50 split. Ex-date=03/07/2013.
That record of splits show repeated efforts to keep the share price up in a respectable range since June 2001. Five reverse splits including a huge 1 for 2000 split in 2008. One forward split of only 2 for 1.
Somebody else can do the math - but a 2001 share would need lots of zeroes to describe in terms of today's share. Maybe unfair and irrelevant but shows a pattern of frequent focus, name and capital structure changes in the past 12 years. Have they finally found the brass ring and about to grab it or simply another hook for the next marketing campaign with mine safety equipment? Is the mining aspect of NTMGD totally out of the picture?
I actually think Kanno was and is sincere in his hopes for commercialization of the old iPackets technology - he's new to this particular shell having left Nomad/iPackets behind and apparently has found a way to start fresh with sole claim to the technology and without the overhead of tens of millions of shares outstanding in the hands of others - the IPKL shareholders.
Now fewer shares and fewer shareholders in NTMGD. Nothing about this is new or very surprising - it's the way of penny stocks. Change names or find a new shell - reverse split to boost the looks of a share and find a new market niche. I have dormant stock in IPKL and a new position in NTMGD so trying to play both sides. IPKL now a shell without a product or service as far as I can tell - new CEO, Roland Vetter is also officer with NTMGD and I don't know the significance of that.
All the entities involved need some press releases to explain what's happened and plans for the future.
Last trade for NTMGD was March 6th - 8000 shares at 0.0095 pre-split. Are there pending orders that the market maker isn't allowing to execute or zero interest to buy/sell till more is known? I'd guess there are pending orders not shown. There may be another day like Feb 28th when a slew of transactions at wildly varying prices took place.
Anybody with some insights or comments?
rjw/mkc
Scottrade still showing my old (pre reverse) number of shares in my account but the correct total value for my account.
Showing symbol as NTMG## not NTMGD as it should be and is not showing me a price. For the current value it's using the last trade which was last week.
Just tried entering a buy order and their system will allow me to do so - the bid is 0.16 and the ask 1.01 - arbitrary numbers since no recent trades have taken place.
the last trade showing was March 6th, 2013 at 0.0095 and that becomes .475 when multiplied by 50 to reflect the one to 50 reverse split.
Anybody got a vibe on this - n
rjw/mkc
I think the confusion is intentional. I had to reread a January release but here's the blueprint ....
Thu Jan 17 2013 NT Mining Corporation (OTC.QB: NTMG) (NT or the Company) announces it has signed an exclusive licensing and distribution agreement to sell and market the iPMine communication and mine-safety system in the European continent.
iPMine is a real-time 2-way wireless/wireline system that tracks, monitors, and communicates with miners and equipment underground and above ground. The location information of the miners and equipment is collected and displayed live in real time on one or more viewing monitoring stations against a background of the mine’s terrain map.
iPMine’s scalability and flexibility features make it ideal to be deployed in any mine size supporting multiple sites. iPMine utilizes the Internet Protocol technology and Wi-Fi/802.11x wireless mesh network standards, providing the ability to introduce new features in a much faster timeframe, and can support any standard Wi-Fi device or IP-based application.
The terms of the agreement includes exclusivity for the European market for a 5-year term renewable to an additional 5-year term and first right of refusal to acquire the entire iPMine intellectual property. The iPMine business unit will operate under the Company’s newly set-up subsidiary, iPTerra Technologies, Inc. For more information, please visit the web site at www.ipterra.net.
“This agreement represents an important milestone to broaden and accelerate our customer and revenue growth strategy,” said Carman Parente, president and & CEO of NT Mining.
Contact:
NT Mining Corporation
Tel: 1-888-777-8777
Fax: 1-800-320-9401
Email: info@ntminingcorp.com
Web: www.ntminingcorp.com
--------
From that it appears iPTerra owns the rights to the iPmine technology but is also a subsidiary of NT Mining -name now changed to Sanwire Corporation. So Sanwire has the rights to European sales - but owns iPTerra so in effect Sanwire owns everything. There could be another entity someday to market in areas other than Europe. Why the compartmentalization i don't know but these penny stocks love multiple entities often with the same officers.. Just figure Naiel Kanno and Roland Vetter to be principals in anything involving the former IPKL intellectual property - Carman Parente in teh mix also.
Doesn't help the confusion factor but i do get it - Sanwire owns the technology thru its subsidiary iPTerra. The only one with no further claim is probably IPKL and the bagholders thereof.
Anybody with insight at to what's happening or soon to happen - please jump in.
rjw/mkc
Well - it looks confusing!
I would want that IP based tech that the Chinese were going to use, at one time.
Looks like some sort of association/amalgamation is indicated.
Who knows about contracts and China. I understood that NT Mining only had the right to market the mine safety gear in Europe - but now they've changed names to Sanwire and we'll have to wait to see how they define them selves.
Another entity, iPTerra, sounds like the outfit that holds the IP
See: http://www.ipterra.net/
and the opening statement there reads:
iPTerra Technologies, Inc. is a designer, developer, manufacturer, and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining industry.
iPMine, iPTerra’s flagship solution, allows mine operators to communicate (voice, text, and video), track, locate, identify, and monitor with every miner and piece of equipment in a mine, right from an office computer desktop, or from anywhere in the world with an internet connection.
and this under Meet the Team of iPTerra:
The team is led by Naiel Kanno, iPTerra’s President: With a 22+ year successful background in developing and guiding leading-edge technology companies, Mr. Kanno brings knowledge and skills in management, marketing, engineering, and enterprise application sales with a focus in the telecommunications and wireless sectors.
The Contact info for iPTerra is:
iPTerra Technologies, Inc.
10451 Shellbridge Way
Suite 150
Richmond, BC V6X 2W8
Tel: (604) 732-8787
If there's a stock symbol associated with IPTerra I didn't find it so can't say what the Corporate structure is. For now Sanwire Corp, NTMGD, seems to be the dominant shell associated with the mining technology we used to own but it's all pretty murky.
rjw/mkc
Any contracts on the books? Any pending - like China?
Trades for Sanwire - NTMGD- since Feb 28th, 2013
Time & Sales
Price Size Exch Time
$0.0095 8,000 OTO 03/06
$0.0097 6,000 OTO 03/05
$0.0034 10,000 OTO 03/04
$0.0034 1,000 OTO 03/04
$0.0100 4,000 OTO 03/01
$0.0032 1,630 OTO 03/01
$0.0100 4,999 OTO 02/28
$0.0100 40,000 OTO 02/28
$0.0150 5,000 OTO 02/28
$0.0150 10,000 OTO 02/28
No trades after the March 7th reverse split so no test of where this will land. All prices above are pre-split and have not been adjusted. .
Current bid ask showing: 0. 16 and 1.01 and current price showing via scottrade is 0.475. My account does not yet show the number of shares owned but does show total value and that computes ok for the 0.475 and shares owned after the split.
rjw/mkc
Change Day and changes are showing up in my Scottrade account. The Positions screen still showing the old number of shares but is correctly figuring my total dollar holdings - just not showing the rest of the columns that normally display share price and other stats. When I go to detailed quote it shows NTMGD with Sanwire Corp as the symbol/name combo and a price of 0.475. No transactions listed today so that price is yesterday's close translated for the one to fifty reverse split. The bid is 16 cents and the Ask is 1.01 so we have the extremes there of bid/ask but no orders filled to see where the price would land.
Nothing on the sanwire.net website other than "under construction".
rjw/mkc
Coming soon - the Sanwire Website per this placeholder
http://sanwire.net/
Doing a WHOIS shows the deomain was registered September 2012 and the site updated Feb 12, 2013. Godaddy is the registrar.
So the name and domain have been known for some time - since last September. Time enough to get something on the site other than Under Construction. But i'll cut them some slack. The logo pays some homage to the lower case "i" of iPackets - and iPMine and all the other "i" iterations.
The logo is ok - a radio tower inside a triangular tunnel or mine entrance or something - blue and green and white. Somebody spent a few bucks having that designed. Hope the name, logo and enterprise are around for awhile and sell something.
rjw/mkc
Thanks for that pointer to the new symbol, NTMGD. Hope we can get a quote and see how soon the brokerage account reflects the reverse split - if the high side NTMG price of 0.01 holds the new 1 for 50 price will be 50 cents for NTMGD but if the low side price of 0.003 prevails then the new after-split price will be .15 so that'll be interesting.
The R/S is a cosmetic thing penny stocks do to look more respectable but in many cases they drop right after the reverse split so I'll anticipate the 15 cent price is the one we see and maybe a drop from there.
Are any of the gold assets still in play or is mine safety the only game in town for Sanwire? The renaming sounds like it's mine safety all the way - Mr. Kanno trying to pull it out of the fire one more time.
If anything is to happen Sanwire needs to get a website up and put out some info on their new corporate identity and strategy.
I came over from IPKL - in a "if you can't beat 'em join 'em" move.
rjw/mkc
NT Mining Corp. changed to Sanwire, Corp., and a one for 50 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/06/2013&mkt_ctg=NON-OTCBB
Noticed this sentence in the SEC filing dated Jan 30th, 2013:
Under Section 14(c) of the Exchange Act, the transactions cannot become effective until on or about March 8, 2013.
Transactions refers to the one for 50 reverse split, name change to Sanwire Corp and increase in authorized shares to 750,000,000.
That seems a huge number to be effective after the reverse split - would equal 37.5 billion pre-reverse shares. No upper limit to the dilution possible. It may be that 750MM is pre-reverse but sure doesn't state it that way by my reading of the filing.
That one day burst of transactions on Feb 28th 2013 seems all the more odd since nothing has transpired since that day:
All transactions since 2/28/2013
Price Size Exch Time
$0.0095 8,000 OTO 11:00:05 03/06/2013
$0.0097 6,000 OTO 03/05
$0.0034 10,000 OTO 03/04
$0.0034 1,000 OTO 03/04
$0.0100 4,000 OTO 03/01
$0.0032 1,630 OTO 03/01
$0.0100 4,999 OTO 02/28
Prices bounce from .003 to 0.01 in consecutive transactions - thinly traded and erratic. Will be interesting to see what if anything happens on and after the March 8th date - that's the earliest date the reverse could take place - nothing says it will happen that date.
Is everybody in wait and see mode? Still no website for NT Mining - the placeholder simply says under construction.
Just noted the list of name changes for this enterprise
Company Notes
Formerly=777 Sports Entertainment Corp. until 11-2008
Formerly=Oasis Information Systems, Inc. until 2-05
Formerly=1st Genx, Inc. until 10-01
Formerly=1st Genx.com, Inc. until 4-01
Formerly=e-Vegas.com, Inc. until 8-00
Formerly=e-Casino Gaming Corp. until 6-99
Formerly=Clear Water Mining, Inc. until 3-99
Currently NT Mining but soon to become Sanwire Corp.
Lots of prior ventures - mining to online gambling to hotel room movies to
Anybody around in the 777 era to comment on how that ended or morphed to NT Mining? Looks like a shell for all seasons with years of losses and to date no continuing venture. New hope is apparently the former iPackets mine safety endeavor with Mr. Kanno at the helm. This scenario of name, symbol and focus changes every 3 to 5 years is familiar in the penny stocks.
rjw/mkc
Here's the filing that gives the info on the name change, reverse split and increase in authorized shares:
http://www.sec.gov/Archives/edgar/data/1096759/000109675913000006/ntmgd14c.htm
The split and other actions have been approved by a majority of the shareholders and could have taken place anytime after Feb 20th, 2013 - the actual date to be determined by company and it may never take place. Language in the document gives them leeway to do it or not do it so nothing is tied to a date or assured from my reading.
I also don't know of a new symbol for Sanwire - the proposed new name for NT Mining.
rjw/mkc
When are they doing the R.S.
When are they doing the R.S.
When are they doing the R.S.
I had a trade execute normally thru Scottrade today. No flags or advisories Had to mod the offer a couple of times before it would execute but it went thru ok.
Now to see what tomorrow brings. I have no idea if today was fluke or the start of something or maneuvering before the one for fifty reverse split.
rjw/mkc
Sanwire Corporation = Nowire Corporation = WIFI Corporation.
Eh?
I expect a deal with China to protect their miners who badly need wi-fi communicators to track and support them.
thats crazy! maybe you should try someone other than tradeking
Just attempted to buy 100,000 sh, TradeKing informed me that NTMG is non-DTC elgible, and certificate trade only, meaning that if order filled say with three sellers, would cause me to pay $200 - $700 per certificate, ouch. Then they informed me that when I want out, trades would be limited based upon the twenty day volume average and I might be able to only sell 10,000 sh a day.
What bull-shit. I will not be raped.
USC
Looks as though you might be pretty close to your estimation on your statement. Are you ready for the 1-FOR-50 SHARE REVERSE SPLIT? Should be any day now.
Form DEF 14C (NTMG) January 30 2013
Company: NT MINING CORP (NTMG)
Form Type: DEF 14C
Filing Date: 1/30/2013
CIK: 0001096759
Address: 1641 LONSDALE AVE
SUITE 106
City, State, Zip: NORTH VANCOUVER, V7M 2J5
Telephone: 888-777-8777
Fiscal Year: 12/31
=======Page 4==============================
Under Section 14(c) of the Exchange Act, the transactions cannot become
effective until the expiration of the 20-day Period.
The Company is not seeking written consent from any of our other stockholders,
and stockholders other than the Consenting Stockholders will not be given an
opportunity to vote with respect to the Reverse Split
ACTION 1: APPROVAL AFFECTING A 1-FOR-50 SHARE REVERSE SPLIT OF OUR OUTSTANDING COMMON STOCK
=======Page 5======
Effects of the Reverse Stock Split
The reverse stock split will be affected and will be effective upon a date on or after
the expiration of the 20-day Period after the mailing of this Information Statement.
The 20-day Period is expected to conclude on or about February 20, 2013. However, the
actual timing will be determined by our management based upon their evaluation as to
when affecting the Reverse Split will be most advantageous to the Company and our stockholders.
Form DEF 14C (NTMG) January 30 2013
=================================================
i guess with all the sec crackdowns lately they want to keep themselves up to date.
NICE day today. Quarterly out after the Close. Tomorrow may be interesting.
im tempted to add to this BS but not sure i can get myself to do it lol
Wonder why only 138,000 shares traded??
maybe they will sell the ticker to another company. this is interesting.
Guess we'll all find out - together. Someone brought the company's SEC filings up to date today for a reason. Hopefully a good one
wonder what this is all about!
NTMG - A bunch of SEC filings this morning:
http://www.otcmarkets.com/stock/NTMG/filings
Doesn't make any sence this piece of crap at 4 cents in default and PCFG a real gold mine out of debt and starting to mine the gold they found is on at 3 cents.
I met another loser
News
NT Mining Provides Corporate UpdateBY Market Wire
— 10:27 AM ET 11/04/2010
LAS VEGAS, NV -- (MARKET WIRE) -- 11/04/10 -- NT Mining Corporation (NTMG
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) -- On October 22, 2010, the Company commenced an action in the Supreme Court of British Columbia against Robert Hughes, Hughes Maritime Corp., Heidi Hughes, Karis Marine Inc., Palo Verde Investments Corp. and Maple Management Ltd.
The action alleges that Robert Hughes, while acting as a de facto director and key employee of NT, wrongfully caused Hughes Maritime Corp. to sell, on December 15, 2009, all the issued and outstanding shares of Bullmoose Mines Ltd. ("Bullmoose Shares") to Maple Management Ltd. and didn't disclose this to purported sale to NT until August 2010.
The action further alleges that previously, on October 14, 2008, NT had purchased the Bullmoose Shares from Hughes Maritime and that Agreement remains in good standing.
The action further alleges that Hughes wrongfully purported to terminate the October 14, 2008 Agreement in July 2010 and, in any event, did not give NT any period of time to remedy any default.
The action seeks a declaration that NT is the owner of the Bullmoose Shares.
The action also seeks damages, an accounting and disgorgement of profits against Hughes and the other defendants on the basis that they joined Hughes in his wrongful actions.
In addition, the Company seeks that Hughes and Hughes Maritime Corp. produce proper back-up documents to justify their receipt of $70,200.00 and $116,800.00, respectively, from the Company between January 31, 2008 and June 18, 2010.
EACH TIME THE STOCK GOES DOWN TO 3 CENTS IT RUNS BACK TO 12 CENTS, THEN DOWN AGAIN.
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