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I saw this filed 9/25/09:
On July 1, 2009, the United States Bankruptcy Court for the Southern District of New York confirmed a Chapter 11 Plan of Reorganization pursuant to which all of the Registrant’s existing common stock was canceled and terminated (the “Reorganization”).
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6813849
go to google and put the name it. You will become enlightened. There may have been a little questionalbe reporting to say the least. GLTY with this one. I sold out long ago.
Found this dated a few months back...
Terra Nostra Resources Corp., through its subsidiaries, operates in the stainless steel and copper industries in the Peoples Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in New York. On November 25, 2008, an involuntary petition for reorganization under Chapter 11 was filed against Terra Nostra Resources Corp in the U.S. Bankruptcy Court for the Southern District of New York, Manhattan. On December 17, 2008, the involuntary petition was approved by the Court.
Does this mean we are just waiing for them to emerge from bankruptcy to get this puppy started again?
Hard to tell. Their site is down, it was a pretty impressive site. SEC info shows some buying last year, not much selling...
http://www.secform4.com/insider-trading/1167370.htm
I made a couple bucks during the pump and dump a few years back. Are they still in business?
Am I one of the few people that remember this stock? LOL
The support at 0.02 on this stock is incredible. No amount of shares aehv pushed through it yet. Peopl are also not eager to sell. TNROQ is bigtime ready to pop
can anyone tell me what happen to this stock i had it when it was 1.00 i was thinking about getting back in
Jumped in the other day. Looks to be a near bottom. GLTU
nitetrak
I bought a 1000 shares when they were selling for $2.05 in hopes that the dollar would go up in the next year or so in order for people to start construction to raise the steel prices but i dont think my idea will work what do you think?
And the activity of this board is pretty low.
Anybody home?
I suppose the price of raw materials exceeds the selling price thus the fall of pps????
1.08
New low.
I'd agree with you TNRO will move again
Question is, will it do it again. The flyer
I got suggest the answer is Yes......have you
ever known one that says otherwise.
Still, keeping an eye on volume and news,
Have a good July 4th
Briboy
i stick with the green, TNRO made me some nice green on that last big run they had!
You are all over the place bro
LMAO figured id be here eh? been here for awhile!
Figured you would be here. Just got a flyer
on this stock today. Lots of news recently.
Will be keeping an eye on it
Good luck
Briboy
no complaints with green anyday!
Green is a great job any way you slice it. Red is a bummer:(
well i dont know about that, but green is green! lol
ended up getting out green in the 2.40s and 2.50s
ah yes, that much i get....i figured $2 was about the bottom there not too long ago. made a position, and took the hit. glad i didnt sell in red, feeling nice now. will sell on ask only, and ride some freebies form here
No. Not so funny, just laughing because I know how it feels to get back in the plus side. It's a good feeling. Much better than being "stuck".
thats somehow funny?
haha, guess i didnt get it........green is good in my book!
finally getting itself in gear. im back in the green! no longer a stuckholder!
Anybody have any advice on this thing or opinions I should say
Income Statement
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 29-Feb-08 30-Nov-07 31-Aug-07 31-May-07
Total Revenue 108,789 127,595 172,717 131,636
Cost of Revenue 97,438 117,959 155,558 118,159
Gross Profit 11,351 9,637 17,159 13,478
Operating Expenses
Research Development - - - -
Selling General and Administrative (42,435) 53,316 2,929 7,812
Non Recurring - - - -
Others 3,083 846 936 789
Total Operating Expenses - - - -
Operating Income or Loss 50,703 (44,525) 13,294 4,877
Income from Continuing Operations
Total Other Income/Expenses Net (5,318) 65 (34) (315)
Earnings Before Interest And Taxes 45,386 (44,460) 13,260 4,563
Interest Expense 4,667 3,370 1,574 3,373
Income Before Tax 40,718 (47,830) 11,686 1,190
Income Tax Expense 1,374 1,034 1,301 795
Minority Interest (2,858) (1,477) (3,716) (1,801)
Net Income From Continuing Ops 36,486 (50,341) 6,669 (1,407)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 36,486 (50,341) 6,669 (1,407)
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares $36,486 ($50,341) $6,669 ($1,407)
Income Statement
PERIOD ENDING 30-Nov-07 31-Aug-07 31-May-07 28-Feb-07
Total Revenue 127,595 172,717 131,636 41,255
Cost of Revenue 117,959 155,558 118,159 42,518
Gross Profit 9,637 17,159 13,478 (1,263)
Operating Expenses
Research Development - - - -
Selling General and Administrative 53,316 2,929 7,812 2,406
Non Recurring - - - -
Others 846 936 789 888
Total Operating Expenses - - - -
Operating Income or Loss (44,525) 13,294 4,877 (4,557)
Income from Continuing Operations
Total Other Income/Expenses Net 65 (34) (315) (145)
Earnings Before Interest And Taxes (44,460) 13,260 4,563 (4,701)
Interest Expense 3,370 1,574 3,373 934
Income Before Tax (47,830) 11,686 1,190 (5,635)
Income Tax Expense 1,034 1,301 795 -
Minority Interest (1,477) (3,716) (1,801) 1,896
Net Income From Continuing Ops (50,341) 6,669 (1,407) (3,739)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (50,341) 6,669 (1,407) (3,739)
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($50,341) $6,669 ($1,407) ($3,739)
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22, 8:08 am ET
Revenues More Than Double to $108.8 Million
LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced results for the three months ended February 29, 2008.
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007. Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
Operating profit for the three months ended February 29, 2008 was $7.9 million as compared to operating loss of $4.6 million in the period ending February 28, 2007. Comprehensive income for the third quarter ended February 29, 2008 was $39.3 million compared to comprehensive loss for the third quarter ended February 28, 2007 of $3.3 million. Included in fiscal third quarter 2008 comprehensive income was non-cash derivative income of $37.6 million related to the company’s convertible note financings.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
“We made good progress executing on our growth strategy to become a premier producer of specialty stainless steel and cathode copper in China,” continued Nicholson. “Refurbishment of the Jinpeng copper facility, designed to bring the plant to international environmental standards, is now complete. On the stainless steel side we produced our initial run of higher value 310-S and increased value-added downstream production of approximately 17,000 MT of hot-rolled strip.”
Nicholson continued, “In the fourth quarter we will continue to deploy the capital raised in the second half of 2007, increasing production and diversifying our product mix. Now that both the Jinpeng and Dongying copper facilities are fully operational, we will begin to ramp downstream production of rod and wire used in the power and home appliance sectors. Based on orders in hand we are planning for a continued ramp in stainless steel production, including a larger portion of higher grade 310-S and hot rolled strip.
“Domestic demand remains robust. Our local sources of supply and our modern, efficient and strategically located plants give us a distinct advantage over imports and other in-country producers. Our performance to date demonstrates that we’ve built an efficient manufacturing model to maximize profitability as we achieve greater economies of scale and optimize capacity utilization,” concluded Nicholson.
Nine Month Results
Revenues for the nine months ended February 29, 2008 were $409.1 million, compared to $153.2 million for the nine months ended February 28, 2007. Gross profit for the period was $38.1 million, compared to $4.7 million for the nine months last year. Blended gross margin was 9.3%, driven by lower raw material costs in both stainless and copper operations and an increase in higher value grades of stainless steel, as compared to 3.0% a year ago. Operating profit for the nine months ended February 29, 2008 was $19.5 million, compared to an operating loss of $3.1 million in the nine months ended February 28, 2007.
For the nine months ended February 29, 2008, comprehensive loss was $2.7 million compared to comprehensive loss for the nine months ended February 28, 2007 of $6.4 million. On a fully diluted per share basis, net loss in the nine months was $0.09 per share compared to a fully diluted net loss of $0.15 per share.
Convertible Financing Accounting Treatment
In accordance with Generally Accepted Account Principles (GAAP), non-cash derivative income relates to the company’s derivative financial instruments that are initially and subsequently carried at fair market values. The market price of the company’s common stock significantly affects the fair value of the derivative financial instruments. Lower stock prices during the period had the effect of significantly decreasing the fair value of the company’s derivative liabilities and, accordingly, the company was required to adjust the derivatives to these lower values with a gain to its income. Further detailed discussion of accounting policies for derivative financial instruments can be found in the company’s most recent 10Q.
Conference Call
Management will conduct a conference call at 9:00 a.m. Eastern today. During the call, management will discuss the company’s quarterly performance and financial results. To participate in the live call by telephone, please dial 877.447.4724 or, for international callers, please dial (1)706.634.5119, and reference ID number 44231630. Those interested in listening to the conference call live via the Internet may do so by visiting the company’s web site at www.tnr-corp.com/ and entering the Investor Center for the link. Please go to the web site 15 minutes prior to the scheduled start to register, download and install any necessary audio software.
Form 10QSB for TERRA NOSTRA RESOURCES CORP. (link)
http://biz.yahoo.com/e/080422/tnro.ob10qsb.html
nice DI cross, and volume added daily....chart is setup for a run here
Parabolic SAR Buy Signal - TNRO (2.12)
Terra Nostra Subsidiary Signs Eight New Contracts for Over 2100 MT of Stainless Steel Billets
Tuesday March 18, 10:01 am ET
Includes 500 MT of 310S Premium Grade
LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced the signing of eight new contracts with new and existing customers for monthly production of over 2100 MT (metric tons) of stainless steel billets per month. These contracts are valued at over $7 million per month, and include 500 MT of continuous cast 310S premium grade stainless steel.
“As part of its continuous quality enhancement programs, Shandong Quanxin Stainless Steel recently completed several technological and operational improvements. We now have both the ability to produce additional grades of high quality stainless steel and to increase overall production,” said Mr. Sun Liu James Po, Terra Nostra’s chief executive officer. “These orders for continuous cast stainless steel billets move us another step closer to our goal of increasing profitability by expanding our mix of higher-margin, higher-value grades,” added Po. “With our continuous casting capability, we have a distinct advantage over other domestic producers and are well positioned to meet the continuing strong demand for high quality grades of stainless steel that has until now generally been met by imports.”
About Terra Nostra Resources Corporation
Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US$225 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%. More information on Terra Nostra can be found at http://www.tnr-corp.com.
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to expectations concerning (i) projects underway or under consideration, including production capacity and completion schedules; (ii) business and future potential of Terra Nostra Resources Corporation ("TNRO"); (iii) estimates or implications of future earnings, profits, EBITDA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, and statements related to these matters or which use words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology are all forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further risks, uncertainties and other factors, which affect the forward- looking statements included herein, and could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements include, but are not limited to, completion of TNRO's capital contributions to the joint venture companies, working capital financing, metals price volatility, competition for projects, reserve acquisition costs, currency fluctuations, international economic uncertainty, sovereign risk, force majeure, changes in tax law or concession law, project scheduling delays, labor disputes, increased production costs and variances in ore grade, scrap grade or recovery rates from those assumed in production plans, political and operational risks in the countries in which TNR may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in TNRO's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-QSB for the year ended November 30, 2007. Copies of each filing may be obtained from TNRO or the SEC. Furthermore, metals operation, by their very nature, entail inherent cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNRO does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Contact:
Lippert/Heilshorn & Associates
Elric Martinez, 212-383-3777
emartinez@lhai.com
Source: Terra Nostra Resources Corporation
good gains since 1.85 and DIs are about to cross, TNRO just might make a good run here soon
looks like TNRO is getting geared up for its next move green
some news
some volume, and we may be off
IMHO
ouch, ty release!
"NOTICE IS HEREBY GIVEN thet pursuant to the written consent of shareholders holding a majority of our outstanding shares of Common Stock, the following action will be taken:
Our Articles of Incorporation will be amended to increase
our authorized capital from 100,000,000 shares of Common
Stock to 500,000,000 shares of Common Stock.
Such action will be taken on or about March 15, 2008.
Letter received by me on Feb. 25, 2008.
lets see if it cant breakthrough today, and keep the green flowing!
Nice roll up there!
NEW ANNOTATED CHART in the ibox for your viewing pleasure!
hey RDB im gonna get clay to get us a nice annotated chart cause something tells me this is gonna be moving green soon!
maybe, support at 2.51 lets hold that bottom and bounce!
TNRO may bounce soon. i caught this a little later than i wanted but nothing has moved yet.
Press Release Source: Terra Nostra Resources Corporation
Terra Nostra Introduces High-Value 310S Grade Stainless Steel to Product Line-up
Wednesday February 6, 9:24 am ET
LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, today announced that its stainless steel joint venture, Shandong Quanxin Stainless Steel Co. Ltd., is now manufacturing continuous cast 310S-grade stainless steel, with the first production order shipped in January. This grade of stainless steel is widely used in the chemical, power generation, military and petroleum industries.
ADVERTISEMENT
“Introducing 310S-grade stainless steel marks a further step in Terra Nostra’s strategy to produce more high-value products, thereby expanding the range of product grades we offer customers and increasing the mix of high-margin, less price-sensitive products. Given our continuous casting capability, this development also elevates our competitive standing among stainless steel producers in China,” said Mr. Sun Liu James Po, Terra Nostra’s chief executive officer. “We now have a distinctive edge over many other domestic producers to meet the rapidly growing end user demand for high quality grades of stainless steel that is generally being met by imports. In addition, our investment in advanced production technologies places Terra Nostra at the forefront of cost-efficient production that meets the latest environmental standards and gives us the platform to continue expanding our production to include round rod and welded pipe lines.”
310S (or 2520 in domestic market) belongs to the austenitic family of stainless steel materials, which is known for its combination heat resistant qualities, anti-corrosiveness, good ductility and weldability. It is mainly used for heat treatment projects and is applicable for special parts and components in a large variety of furnaces and burners. It has a maximum service temperature of 1200o F, and resists oxidation in continuous service at temperatures up to 1150o F.
Terra Nostra is also pleased to announce it has engaged Lippert/Heilshorn & Associates, a leading independent financial consulting firm specializing in representing small cap growth companies, to implement a comprehensive investor relations program including messaging, marketing to investors and analysts, strategic counsel and infrastructure support. Founded in 1985, Lippert/Heilshorn represents over 90 companies spanning diversified industrials, alternative energy, business services, telecommunications, semiconductor, consumer goods, healthcare and biotechnology sectors.
no prob, thanks for stopping in
keep a close eye on TRNO, a nice long if u ask me (and RDB)
hey bob since you are here i figured its worth a look
thanks man
OK, RDB has been on vacation and this thing hit bottom and is bouncing the past 2 days.
lets see where this rabbit ca run to!!!
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