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4,762,033,932 / 5,000,000,000
A chart for a penny stock is worth nothing. Candlesticks mean nothing. Slopes are useless. ACC/DIS is misleading. Save the chart reading for solid companies on the indexes.
The only way this moves is when we see and digest the updated financials. Financials will be posted when they can fill the 'Subsequent Events' events section with proof of advancement in order to counteract the negative numbers. Otherwise, posting the info would be a waste. George knows that posting financials will create volume. Its like a banana split. He knows he needs a 'big red cheery on top' to sustain any forward movement, since the banana is bruised and the ice cream is melting.
In the world of the penny trading, the mantra, 'Business is War', is the reality of the situation. Regardless of how crappy it is to get somebody to lose their Samolians, that's the nature of trading. Don't blame the other guy for playing it correctly. Your win will always be somebody else's loss and vice versa.
In this realm, we're up against shady CEO's, Manipulating Market Makers, and agenda driven traders. It's you against the world. All you can do is garner as much knowledge as possible to help you sift thru the bullshit and make you smarter then the guy/gal trying to beat you.
As online trading goes, more and more people are entering the arena without any trading experience or knowledge. It's equivalent to a gladiator going into the Coliseum without a shield or weapon. Of course, if your Russel Crowe, you might have a chance, but most traders are more like Pee Wee Herman.
Those that jump into pennys, think they trade like blue chips, or stocks on solid indexes. They expect 2 + 2 to = 4. When they finally realize that isn't the case, they're down 90 percent and holding a bag or two. CEO's count on this. MM's count on this, bashers and pumpers rely on it. They want investors to cryout dilution theories and Reverse Split potential. Its 'Wagging the Dog'. Keeping focus away from the real activity happening. They all rely on the newbies ignorance. And they profit heavily from it. That's the game. Its the sad truth. It will not change. The SEC has even given up on regulating it for the most part. 'Trade at your own risk' is their mantra.
In all, if an investor gets hurt, they just weren't smart enough. They didn't play the game correctly. They were either greedy, sold on fear, chased the boat or were just plain lazy. When I started a lost a ton due to the above reasons. Lessons learned. I now have a 60'ish percent rate of winning. Hell, sometimes you just make a bad trade. You will never have all the facts or be able to see behind all closed doors and you will always lose sometimes. Right now, I'm in a company that got locked up by the DTCC. I'm in another company that has gone abrupty silent and sits at no bid. Another one just did a reverse split. Those companies, I exhausted myself on DD and all looked like a good bet. There will always be losses. It's your choice to lose smart or lose foolishly. Never bet more then you can lose. Just play the game the way its supposed to be played and don't look back.
As for NWMT. Wow, this is fun! So many angles and twists and turns. You have the Chicken Littles, the Optimists and the Cautious. And a CEO starting to look like the Boy Who Cried Wolf. Monday will be exciting. Remember. Its nothing personal. Just business.
Depends on the terms of the sale to NuMobile. CCTR and NWMT will be getting NuMobile stock as well as a large promissary note with interest. Also, things are cooking with NVAE. Mere coincidence it was #1 on breakout boards today? Maybe, maybe not.
Lot of stuff going on to bring in revenue. I see no need for a R/S in the near term. I think they will do one 4thQ '11, 1stQ '12, once they have their shit together, depending on where the PPS is at that time. But I don't see one so soon after the last one. Between Verges and Tilton, they have done a ton of R/S's. But they have always been a year or more apart. I doubt they'd do one so soon after the last. Even if they did, they'd still have to file with the SEC and we would know way ahead of time. Its not like you wake up the next day and see that they R/S'd. (Que music) Waaaah waaaaaaaaaaahh. Everybody needs to quit bitchin about R/S. Its bush-league and makes for an easy excuse to complain. Go deeper. You'll find some interesting stuff!
I could care less whether or not the webcast was today. Lawyers probably told them 'no' until the NuMobile deal gets voted on, which is on monday. This is sub penny land. Nothing surprises me. This has actually become more interesting. What hand is Verges trying to play? Fact of the matter is, there is some positive stuff going on. For me, the gamble is still on. Double aces and I'm doubling down. This is too much fun to puss out on so soon. I love this stuff! Can't be a Chicken Little and play this one. It'll drive ya nuts! Business is war.
Highly doubt they'll do that within 6 months. No reason to believe that. The 'chicken littles' need to go back into their pens and see how it all unfolds over the weekend.
Interesting how Savanna East Africa is #1 on the breakout boards. For those that don't already know, they are a partner with NWMT and NUBL.
Gotta like recent developments!
Whoever sells 100K shares, out of fear, for a loss, on this play, has no business trading in this arena.
100,000,000,000 A/S will be just enough to cover all of Helix's liabilities. At .0001, they have a value of 10 million. Current liabilities from 1stQ are at 10,370,933.
Look what Tilton has one to his other companies. NVAE, NUBL, SEA-Tiger, etc. NUBL in particular. They are in the process of working with Titon's buddy Philip Verges, of NWMT.
All interesting stuff.
CURRENT LIABILITIES
Accounts payable
971,592
Accrued compensation
291,117
Accrued interest
450,607
Other accrued liabilities
94,404
Accrued taxes
16,114
Deferred revenue
0
Short term debt
543,164
Convertible notes payable to related party, net of discount
144,837
Convertible notes payable, net of discount
66,493
Derivative liability
7,792,605
TOTAL: 10,370,933
There's barely a handful of people trading this right now. One person is bringing it down. Next to no support or resistance. Up and and down on a gust of wind.
Somebody is trying reeeeally hard to get this back down. The bid was at 1,096,629. The last sell was for that exact number to get the bid back to 8.
Amateur.
NWMT blowing up!!!
NITE is out! Moved to .0012.
.........That was until all the j-asses put their sells to 6
Set your sells above .0007
That's why they have abandoned that business plan and have done a complete business transformation beginning in the 2ndQ. So they say. Thats why all ears will be glued to the webcast. They are going to update everybody on the new plan and how they are going to go about it. Keep in mind that their sale of one of their subsids to NuMobile gets approved on Monday.
The webcast will answer questions such as what they did with 1.6 billion shares in the last 60 days. It should go over the NuMobile deal, since the terms of that deal will be finalized on Monday. Especially since they are also talking about issuing a dividend to shareholders from the NuMobile deal. More importantly, the 1st quarter was an end to the way they have been doing business. So we can forget about all those numbers from the last 10K and 10Q.
The big issue is, will the new business strategy produce better numbers with better efficiency? Only pocketing 881K out of 118 million for 2010 and 960,984 out of 23,660,513 in 1st Q revs isn't efficient enough to raise the market value. If they can show that their new plan will put the market value closer to the book value, we will see it go up.
Charts rarely predict penny stock movement with any accuracy. Especially with companies saturated with manipulation, naked short selling, speculation, etc.
History shows that they release in the am. So that's good.
From last November.
"It is our intention to continue to file financial statements in a timely manner. This helps existing or potential shareholders to gain more information regarding IGSM GROUP INC.," stated H. Francis Fytton, CEO.
Well, Fytton pretty much has no credibility left.
Looks like the bid sitters getting their fill of all the daytrader's and Chicken Little's 4s.
Who's going to bid sit at 3 or 2?? That would just be stupid. Odds are zero that those would get filled. Equivalent to putting in a sell order at 8 or 9 and hoping that will get filled today.
Bid sitting right now is basic behavior. With anemic volume like it is today, you might as well. With 75 million on the ask, you can afford to wait on the 4's without the risk of loosing the opportunity to get in on the 5's when volume picks up. With low volume, people give up or panic and sell on the bid anyways, so there's a better then average chance of getting filled. That's how I got my shares.
Rather amusing right now. Everybody wants to sell at 5's and buy at 4's.
In this case, if the fish haven't bitten by power hour, I'd buy on the ask, mainly so I would have something for friday at the opening bell. GLTA
I feel investor confidence is improving daily. Which will result in stronger support at higher levels, making it more difficult for shorts to cover. Just a hunch. GL
Shorts are like flies on sh%$ with this today. If it closes even they're f'd.
NWMT. Pending webcast detailing new biz plan tomorrow. Current book value at .024
What are people's take on James Tilton? Are people familiar with his other companies? I noticed that all of his companies are under the NewMarket umbrella in some shape or form.
Except for one. His latest company, where he is acting CEO, Helix Wind Turbine. (HLXW)
He took over this imploding alternative wind company in March. The 1st think on his list was to take over as majority shareholder along with 4 others. The next day he increased the A/S from 1.75 billion to a staggering 100 Billion. Enough to prompt the DTCC to place a ban on daytrading the stock. Just waiting for his next move.
Does anybody have any idea who Jeff Pierson is? I have never heard his name before during the 1.4 years I've been involved with this POS. How does he come in from out of the blue and become one of the 5 majority shareholders? Was he just a normal dude that held convertible debt?
...an Exchange Agreement with Jeff Pierson wherein Mr. Pierson agreed to acquire 92,973 shares of the Company’s Series A Preferred Stock in exchange for and in substitution of a convertible debenture in the original principal amount of $43,000. As a result, all of the rights that Mr. Pierson held as a creditor and holder of the convertible debenture were exchanged for the 92,973 shares of the Company’s Series A Preferred Stock. A copy of the Exchange Agreement is attached hereto.
That's why it's a gamble. They just did an R/S 6 months ago. They aren't going to do another that soon. They have never done one that close before. Additionally, and this is just my opinion, they won't do another A/S until their PPS is closer to book value. They have also stated in a previous webcast that part of their new plan is cease issuance of common stock. Whether or not they are full of crap, only they know.
Key point: The sale of China Crecent's, subsidiary, Shenzhen Nubao Technology Co. Ltd., to NuMobile, goes through at the end of the month. That subsidiary did 22 million in revenue last year. NWMT will see substantial revenue from that sale. That will add cash to their coffers. Also, they are talking about a possible dividend payment to NWMT shareholders or perhaps even a share buyback with the proceeds. Also the sale will most likely erase China Crecent's short term debt which will increase it's own value and in return increase the value of NWMT.
Bottom line. The odds of making money on this far outweigh the odds of losing. And if you do lose, the loss will be minimal. Its the perfect gamble.
Change of business plan. Plus, it's not 1.6 billion in 3 months. Its 1.6 in 2 months. They did something big. Friday we'll know what that is.
Also, when you're a .0006 company, you need to keep as much cash on hand as possible because of how difficult it is to raise capital at those PPS levels. If you have the power to dilute, you dilute. They are currently transforming their business plan to one that focuses on their subsidiaries and their movement into India.
Considering that they can no longer dilute, since they are essentially maxed out, this is the perfect entry point.
I'm in a .0004. Its still low enough for you to make an decent entry at 5 or 6 tomorrow. Then wait to see if the webcast provides enough confidence to raise the pps closer to it's book value of .02.
In my eyes it's a good gamble. If you win, you win big. If you lose, you won't lose all that much. Risk vs reward is perfect for this.
She's written articles like that about other companies as well. She gets stuff wrong all the time. She's basically a hack. I don't take that article seriously at all. Nor her.
Should happen soon. Financials should be finally complete after last week. Application process should be finished for a huge contract and a patent allowance update is on the way.
Like all penny's, everything is strategic. Everything is finally starting to come together.
Do your homework Philly. The last reverse was December 27, 2010.
1:200 split.
As crazy as it is, according to law, they have committed no crime.
They are corporate raiders. Business is war. NWMT is their their homebase. Their motherland. The subsids are their battleground. They will make those subsids profitable for them one way or another. This is the way the system works. This is how the penny system works. Sure is shitty, but that's the game at this level. Gotta have a strong stomach. Do you want to be on the side of the plankton or on the side of the shark? NWMT is a shark and they will make money. Everybody here will make money.
Slooooooow down...breath. Whats with the 180?
I think I confused you. Helix is the one that will be screwed. We are not screwed at all. Sorry. If HLXW becomes a subsidiary of NWMT, the SS will have changed. Besides its a long ways away, that is, if I'm correct in my assumption. You don't want to be an owner of Helix though. Again, its an assumption. Don't take my post for fact even if i am confident and say its a fact. ;)
With NWMT, you're on the side of the sharks. Better to be on that side rather then the other. Do your DD people!!!
The more DD that I do, the more i find out how mind boggling this NWMT is. Personally, I am beginning to be convinced that NWMT is ran by a bunch of ruthless individuals. Very smart ruthless people. But then again, business is war. As shareholders of NWMT we are the ones that stand to benefit from their ruthlessness. Its simply mind boggling. The NuMobile deal? Wow. I'm glad I'm in the mothership.
As you should all be. We stand to make a killing. I need to take a shower with soap after reading all that stuff.
Here's a prediction for 2011. NWMT or one of it's Subsids, takes over Helix Wind Turbine and enters into the alternative energy business. The process has already begun! Just f'n mind boggling.
Basically, it means that no intraday trades are permitted. You can't daytrade it. Meaning you can't buy it and sell it in one day.
Shifting any security to trade-for-trade certainly protects the interests of the existing investors and it also keeps speculative forces/players at bay from manipulating large intraday movements of the price.
The decision to put a security for trade-for-trade is usually taken by Stock exchanges/Regulatory commissions such as the DTCC. This decision is influenced by many factors. Mainly when they suspect foul play. It may not say that the company has done something wrong, but it is more of a prevention measure taken by stock exchange and regulators if they find apparent proof of price manipulation or at least a possibility of such occurrence.
They aren't netting millions, in terms of net income. For all of 2010, their net income was $881,253.
For 1st Q 2011, they netted $736,365.
For cash on hand, they have 5,559,987, as of March 31st 2011. Now. Take into consideration, that they have 10,056,744 in short term debt. Another 619,602 in long term debt. Having the current market value, they are NOT going to be able to achieve institutional financing. They are currently altering their business plan. It appears that they have chosen to dilute shares in order to achieve this, rather then use their cash on hand. Whether its to pay debt or make acquisitions, who knows. They haven't said. But to drain their coffers at a time when they can't get proper financing during a business transition, due to their market value, in a morbid way, makes sense.
Add to that the sale of their subsidiary to NuMobile, will generate a ton of cash. They will use that to offer a dividend to shareholders, pay off debt, initiate share buyback, etc. We won't know until that deal is done. Friday, we will know a,lot more. To bail before then, well, takes all the fun away from trading these subbys. Otherwise trading would be boring. ;)
Its this reasoning that keeps me in.
All I can do is speculate. Allow me to think outloud and do a brief overview of whats happened over the past 6 months.
Honestly, when it comes to sub-penny CEO's, I never fully trust them. All i can do is look at the data presented to me in sec filings and see if the CEO's are actually doing what they say they are. I always assume that CEO's have an agenda. If the data in the filings matches up with what the CEO is saying then I start to believe that the agenda is to increase company value, shareholder value and not just their own personal wallets.
From what I read in the 10K and heard in the webcasts, it appeared that the company was producing net revenue and that they were adapting to the ever changing business environment, in an attempt to increase efficiency and raise net revenue. In order for them to continue having success they claimed they needed to do an R/S:
"We believe the recent per share price of the common stock has had a negative effect on the marketability of the existing shares, the amount and percentage of transaction costs paid by individual stockholders, and impairs the potential ability of the Company to raise capital by issuing new shares due to the low price."
Afterwards, within a little over a month, they were worse off from where they were before the R/S. Naked shorting, regular shorting, etc, etc, did quite a job on them. During the 1st Q, out of 2 billion A/S, they diluted just 295K shares and were down to a pps of .0008. So, dilution isn't what brought them down.
On 1st day of the 2nd quarter their price was .0006. April 1st. On that day, we saw the announcement of how they are ditching their previous business model of being a systems integrator and that they are going to become a conglomerate of them.
"Management intends to concentrate all efforts on improvements to the value of each of the systems integration operations and work to connect the sum value of the subsidiary operations more directly to shareholders."
How do they do this??? Webcast after webcast after webcast is trying to explain it. It almost sounds like they hired Ben Stein to do them. In the process, over a span of 60 days, they have diluted 1,597,383,908 shares with no explanation as to why. There was nothing in the 10Q today, in Subsequent Events, to give any indication. In their webcast from May 2nd, in slide #4, under the title REDUCE USE OF NEWMARKET STOCK, they talk about how they want to stop issuing stock.
So, now, if I am to apply my judgement, as to what i mentioned in the top paragraph, where I ask myself if the CEO is doing what he is preaching, I deduct that the CEO is not. Even though the book value remains significantly higher then the listed market value. Until i learn the reason for the increase, i will be suspicious.
As for now, increasing the A/S in the near term, wouldn't raise the PPS, which is what the management wants. That would just offer up more fear of additional dilution, causing a drop to new lows. Having a tight ratio, is better for the PPS and investor psychology. Getting in at .0006 where dilution is next to impossible makes the gamble a bit safer.
They have the sale to NuMobile which will greatly increase their revenue and by itself will raise the PPS. After and if the company can show that their new business model is effective investor confidence will return. If the time comes, when they can show that they are decreasing their debt, building shareholder value, and are able to gain the capital they need without dilution, they will raise the A/S. Yes, they will be able to dilute more after that, but most likely, if everything is going well, it would be for further company growth. Then, waaaaay down the road, they will do another R/S.
As I stand now, I remain all in with my original investment, but my caution flags are up. The trust I had yesterday, is down today. I will wait until the webcast on Friday, to hear the explanation of 76% increase in O/S. I am in at .0004 and I am not in more then i can afford to lose, so my relative risk is low.
In all, I see no increase in A/S in the near term. Near term being a couple months. Although I do believe that it will occur. Perhaps late in the 3rd quarter or early 4th. I also believe that a R/S will not occur this year. Although one probably will if the company happens to make progress in 2012.
Just my 2 cents.