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NWCI Newcardio inc.
Accumulation is sky high. Most volume today since last August. MM's running around like ants on potato salad. All leading up to December 9 test results.
I think the company would look more attractive if they owned their intellectual property. Once they get their patent, it'll open up the doors of opportunity, either for a buyout or for them to right their ship. But the big question is IF they get the patent. The patent alone should, at least, bring them out of sub-penny.
Very nice buy opp. I was able to average down at .043. BTW,those .0425's at eod were buys not sells as NITE dropped it's ask below market. I will buy thousands more if it goes into the .03's. I'd like to thank whoever is responsible for taking the pps down this low.
It's like opening a xmas gift before xmas.
Would you take a position is they get the patent?
I wonder if Fenway is next???
"Solar Blue and the Red Sox announced a marketing agreement under which Solar Blue will become the “Official Energy Conservation Partner” of the Red Sox. As part of the agreement, Solar Blue logos and signage will be displayed at Fenway Park. Solar Blue said it will also work with the team to explore ways to implement various energy conservation measures at the ballpark. Financial terms of the deal were not disclosed."
http://www.boston.com/business/ticker/2010/06/solar_blue_team.html
Until people loose patience, this will hold steady for another week if no news comes. Just aguess, but I think at least 50% of the float was bought at .002 - .0028 on the 29th. And those people are now holding, not wanting to take a loss. This will tank hard when the ones that bought between .0015 and .001 decide to abandon ship. Which normally happens after dilution announcements.
Id really like to know what the float was on November 26th compared to what it is now.
Wow. Shares were sold for .0006. You'd think that if something big was on the horizon, that the price would of been negotiated at a higher rate. I still remember the good ol days when the OS was only diluted to 350,000,000 a month or two ago.
Just the nature of the beast. 2 + 2 doesn't always equal 4.
The thing is with these stocks/companies, is that they spend months and months slowly going sideways or downwards and then all of a sudden the shoot up in one to 3 days on news, etc, that was unpredictable and not anticipated, completely erasing the dip that took months to do.
We've been sitting below .10 since last July. That won't take long at all to get back to given the right circumstances, which the odds indicate are very likely. I consider these current prices a gift.
Also, for what its worth, another biotech equipment company is a week away from a huge announcement. I don't want to disrespect the board by posting it, but if its deemed OK, I will.
Cheers.
For the sake of discussion. If the patent gets approved, would any of you increase your shares? If it does get approved where do you think it could take the pps? Do any of you find the approval of a patent will benefit the company? I bring all this up, because with the all the talk of dilution, lawsuits, deals here, deals there, that the discussion of patent approval has pretty much been brushed aside. There is a chance that it could come by the end of the year or just after. When it does, there will be a ton of questions about it and how the company will proceed forward with it. Might as well get into it now as far as I'm concerned.
There are too many unknowns. All one can do is speculate. Here's what I think:
Any major deal that Solar Blue would have entered into with Helix, would have disclosed all of Helix's issues. I don't think Solar Blue would have entered into any sort of agreement with them if they thought Helix had zero chance at survival. Not knowing the numbers in that Philly deal, I can only assume that it will be enough for Helix to quickly get their house in order, or the deal never would of happened.
Regarding the Bluewater thing, if Helix gives them their 650K, do they relinquish the writ to their assets? Basically, are the assets just being held as collateral? Bluewater, I have to assume, knows about this Philly deal. I believe they would grant some sort of extension of payment if they know the money will be coming in eventually. Everybody,all debtors, etc, want to make money. If Helix proves that it will, nobody is going to piss on a freshly kindled fire.
In all,if the company was going to implode,it would have already. They have a clear picture of the horizon and will stay afloat until they get there. We don't have the convenience of that same picture, as ours is blocked by mountains of uncertainty. Ah, the joys of it all.
The only way the 8K's stop is when revenues come in. Either that or some sort of line of credit. If diluting keeps the company afloat then dilute away. I'd be more worried about it if they stopped reporting it to the SEC and it went to the Pink Sheets. I believe that once they get their patent allowance, they will be able to get a line of credit and the dilution will ease. That's the main piece of info I am waiting on before I add more.
Another big wrench in the gears is , all is the lawsuits. The biggest one being the win by Bluewater that gave them a writ of attachment to Helix's assets. See the sticky above.
From the recent 10Q
"As described in Part II, Item 1 “Legal Proceedings” above, the Company has numerous lawsuits pending against it and reasonably expects additional lawsuits to be filed by creditors who outstanding unsatisfied debt obligations owed to them by the Company. The Company has insufficient capital to retain legal counsel to defend itself in these actions and/or may not have any defense against the legal actions claiming the Company owes the creditor for services provided. A judgment or default judgment in any of these pending lawsuits or future lawsuits could result in the seizure of all remaining assets of the Company which would have a material adverse effect on the Company. If the judgments remain unpaid, the Company may be forced to seek the protection afforded by Chapter 7 of the federal bankruptcy laws, or seek the protection of state insolvency laws, which would have a material adverse effect on the Company and its shareholders.
That being said, I highly doubt they would go chapter 7. They legally have to say that it is a possibility. I think this Philly thing will save them if the numbers fit. We just won't know until the numbers are announced. Combine that with a successful patent allowance and they're good to go.
But,in all, dilution is the last of Helix's worries and the last of mine.
Management could give a rats ass about 90% of the current investors. And justifiably so. Why should they? Current investors are practically all short term. Including myself. Everybody plans on selling on the first bit of news that raises the pps up a few ticks. Nobody cares about the product. Nobody cares about the management. Nobody cares about the company's long term future. Only thing most people here care about is making a quick buck and then moving on to the next one. We're here for the one night stand, not the relationship.
And when management does do a PR, what happens? Everybody starts bashing the PR and management because it didn't raise the PPS enough to satisfy their greed. Now ask yourself why Joe would give an ounce of piss for any short term trader,let alone how their xmas goes.
There will be no PR released to try and please anybody here. He tried that on the 17th and look what happened.
It looks like they can finally become stable. It'll be interesting to see what they do about the whole Bluewater thing. Having a writ of attachment against the company and it's assets is not a good thing.
It would be nice to know some numbers in this Philly deal.
NWCI - Sleeping giant with the alarm clock now buzzing. Only 9 more days until Dr. Samuel George, NewCardio's Senior Medical Advisor, will present the results of QTinno performance on a blinded "testing" dataset, conducted independently by the Cardiac Safety Research Consortium (CSRC), at the CSRC's Annual Meeting, to be held on December 9, 2010, at the headquarters of the Food and Drug Administration.
The CSRC makes this blinded TQTS "testing" dataset available to automated cardiac safety technology solution providers, with the conditions that the blinded analysis is conducted independently by the CSRC without any company involvement, and that any (either favorable or unfavorable) results obtained will be made public. NewCardio is the first company which has agreed to these conditions and completed the evaluation.
I've been in this over a year. This will be big. If anybody wants my DD,just ask.
Does the chart from September 7-8 look familiar
Nope. The Oklahoma order was for 24 units valued at 414K. From the 10Q regarding the transaction. Only 2,from a previous order were delivered.
"The Company received a purchase order to provide twenty-four (24) S594 wind turbines for the Oklahoma Medical Research Foundation (OMRF). This order was received after installation and successful completion of standard testing for 2 units that was previously sold to the facility as part of the overall project. The value of this purchase order is $414,000. The Company is currently attempting to raise the capital necessary to manufacture the units to fulfill the order.
Now, they need capital to complete the order. Thats OK with me. They should be able to raise whats needed for 24 turbines through dilution. How they will get the capital to create and manufacture 80 turbines is a whole other story. They will need outside loans. Which leads me to the whole Bluewater mess. Who's going to loan them the capital while the whole Bluewater debacle looms over their head. see below for debacle. A whole lot of crap has to be eaten out of this sandwhich before it can be replaced with meat.
"As previously announced, on October 6, 2010, the Company received notice issued from the Superior Court of the State of California, County of Orange (the “Court”), of a lawsuit filed by Bluewater Partners, S.A. (“Bluewater”) against the Company seeking damages in the amount of $647,254.18 relating to allegations that the Company breached its obligations to repay Bluewater under promissory notes issued by the Company. The Company has promissory notes due to Bluewater recorded on its financials in the amount of $348,164 (before accrued interest), but does not believe any additional amounts are owed to Bluewater. The Company does not have sufficient capital resources as of the date of this report to repay any amounts to Bluewater, and the Company has not responded to the lawsuit as of the date of this report. On November 16, 2010, the Company received a Notice of Ruling from the Court granting Bluewater’s request for a writ of attachment against the Company and its assets in the amount of $647,254.18. The ability of Bluewater to perfect on a writ of attachment against the Company and its assets will have a material adverse effect on the Company and its operations."
At least when they dilute more, the price for shares will be higher then .0008 like last time. Keep in mind they still need funds to finish the other half of the Oklahoma project.
If Rooney sold, where is the file 4? Currently,this has a range of .05-.06. Will not go lower then .05. Support is very strong.
Investor sentiment on a penny stock is rather fickle when it comes to gauging it off a chart. Can change on a whim. The only certainty is that there is no certainty.
Guess its safe to say that the 44,185,938 shares that were diluted on the 17th for .0008 per share have sold off.
Yup.
It would have be in the agreement that they convert their debt before they get full control. Once they convert then they get control. If I didn't trust the management, I wouldn't invest in the company.
I'm guessing they'll wait for the patent. Ownership of the technology should make the company worth more.
All rides on what Bluewater plans to do now. Do they wait for the patent in order for the value of Helix's assets to go up or do they have a fire sale. What happens to the OK deal?
Not necessarily. Depends on everything else in the deal as well. If Joe's and NIR's debt is settled before an RS, it is likely, that when they do initiate an RS, it will most likely come on the heels of some great development as to not cause a long term collapse of the PPS,therefore protecting their investment. They will not do an RS that would hurt themselves. There is no way NIR would agree to do that.
Additionally, I will not vote yes if there is a chance an RS would occur before the debt conversion. Getting control of the company is a massive win for EPGL. They had better offer the shareholders a mutually important win if they want their yes vote.
He did get in low. Odds of getting 20mill filled at 1 are next to zero. Good play.
From what we know, Joe and NIR want to convert their debt into shares. And he wants control of company. And, from Joe's mouth, the agreement does not include an RS.
My speculative theory is that it is likely that an RS would occur way later down the road. As most investors will not vote yes if they see a short term RS or an RS before the debt conversion. With that said, the conversion of debt would have to come before an RS. With that said, Joe and NIR aren't going to watch their new investment tank by an RS unless that RS is done at a time when the company would not be hurt by one. And yes, an RS will be needed in the future. Just not the near one.
My vote will be yes, if an RS is NOT done before Joe and NIR's debt conversion.
Yeah, I'm pretty sure Helix would of released a PR if it was them.
Which is why they need to be very specific and very clear with what their plans are when they put this up for vote. If the plan doesn't provide an absolute certainty that investor value will grow,it will not pass. I am not afraid of a reverse split if done for the right reasons.
There is definitely a ton if issues that need to be fixed. NIR is the #1. If they don't have a viable plan to do that, then they won't get what they want. Which is having voters give them control of the company. If this debt restructuring plan fails to show that they can do this the way the CEO has hinted towards, then they are screwed. I don't feel they would screw themselves like that by announcing a plan that will cause massive dilution or an RS. No matter how well they sugar coat it. How they will do that, I don't know. I'll wait for the details and go from there.
I think that the 3rdQ report will come before the proxy vote. Who would vote 'yes' on it without knowing the current status of the company? The solid facts. The solid numbers.
Joe has put his ass on the line with all the PR's over the the last 3 months. He should know that if he fails to deliver, things won't turn out in his favor. So, with that in mind, I'll speculate that there will be very good things in the 3rdQ report.
I really hope they get this right. Not only just for all of us as investors, but for those who uses their products.
Being that if one is planning to invest in a sub-penny stock ,let alone a 0000 sub penny stock, it's plainly obvious that the company's financials are crap or it wouldn't be where it's at. It's all about why it is the way it is, their plan to fix it and whether or not they are actually capable of fixing it.
Right now, you are correct that nobody can explain the restructuring plan and that includes you. Doesn't bother me one bit. Being bothered by it and imagining how they will do it is a waste of my time because i don't have the facts. I'll save my bothered emotion for when I learn the details/facts of the plan. That's the gamble I took when i bought. But to try and shoot the horse dead before knowing it has a broken leg is pointless.
See post #16856
Not going to the moon, but not going to Hell either. We'll settle at or around .001-.0015 before the year is gone.
Talking about the O/S or toxic debt is a complete waste of time. Its not going to help the guys who need the price to fall.
Nobody cares about it. Its accepted. Old news. People aren't buying this stock because of the financial fundamentals. They're buying it for what it may be in the future. That's why the debt restructure plan is so important. The pps is this low for a reason. All that doom and gloom is pure imagination and nothing more. Until the debt restructure plan is released nobody knows anything about anything. Make your case for OS, AS RS, Toxic debt, blah, blah, blah at that time.
Until then, the future looks brighter then the present. That's the key.
Perhaps I can be of assistance on those questions.
1. The patent for the device was issued to Dr.Marcus on July 25th, 2002. This is according to the USPTO.
2. As far as proprietary rights go, the patent is assigned to the Norman Marcus Pain Institute. EPGL does not own the the product.
The Norman Marcus Pain Institute is EPGL's client.
3. Current working capital, the best answer youare going to presently get from that would be by reading the 2ndQ report.
http://www.otcmarkets.com/stock/EPGL/financials
I believe the 3rd Q will be coming out this week according to an earlier post. You can get a more updated answer through that.
4. The manufacturing part of the MPDD is done through the Norman Marcus Pain Institute. EPGL doesn't not manufacture the device because they don't own the device.
5. Marketing plan, is well, as stated on the website, "Assisting Marcus, in increasing awareness of his MPDD by featuring them in EP Magazine, online educational seminars for physicians and allied health care professionals and military families, and on the Company’s web site." Basically, EPGL appears to be the device's PR firm. Revenues from the device will be generated from what kind of deals/distribution they create with health institutions, military, etc. Most likely in the form of commissions and residuals. Highly lucrative. Hence why the WCD was so important to them. It created additional awareness, free of charge, of the device.
6. Distribution and sales, see above.
7. Share structure improvement, well, we'll just have to wait for the full details to come out in the restructure plan. I'm assuming that since a deal was reached in the 3rd Q and is being set up for an online vote, they are going to have to disclose those details in the 3rdQreport. They won't do it any sooner. That, i think is the most important catalyst for movement at this point and time.
Hope this helped.
Indeed there are and this is a perfect one to invest in. I believe the recent PR was meant for investor's eyes, not traders. An investor can see how good it really was and that great things are coming.
Traders and CEOs have one big thing in common. They both could less about each other. This CEO could care less if a day trader was disappointed. Why would he care about a trader who only plans on having money in his company for a day or two. Why would he care about a trader that would raise up the pps a few ticks only to crash it back down? Only a corrupt CEO would want that and that's not the case here. Additionally,he can't worry about amatuer nervous nellies who sell when they get scarred or ones that don't understand business or ones that are impatient. You can never satisfy those types of investors. The only investors he wants to appease are those willing to stick it out through thick and thin.
All this CEO (Joe) wants is to make sure that the investor's money is safe, that it grows and that the investor keeps their money in, helping move forward a company that gives something positive to the world. So let the traders do their thing. This is their picnic. We will all be rewarded.
You are correct with everything you say. However, this is Pennyland. Not the Dow, not the Nasdaq, not the S&P,not the Russell. The majority of people involved in penny's are not investors. They're traders. I don't consider flipping or daytrading, 'investing'. Like i mentioned in a previous post, Pennyland does not operate like normal stocks. Can't play hockey using the rules of ping pong, so to speak. That is the reality. Holding and waiting is not the way penny trading works.
In Pennyland, holding and waiting can be dangerous as most companies are corrupt and fail. In Pennyland, 2 + 2 doesn't always = 4.
LUCKILY, there are some companies in Pennyland that are safe to hold! This company is one of those. Waiting and holding will prove to be a very wise decision. For those worried about all the selling, don't be. The company is safe and so is your investment. Its just the way this game is played.
EPGL has a ton of stuff going for it. Hell, I'm gonna stick around for awhile. Eventually it will be a beast! But, in Pennyland, it's not about the company's future potential, its about where the company is right this second. The cold hard facts. Is there momentum to move it up? Penny investors don't care about where it will be next month or next week. If it's not moving NOW, they're losing money by not moving into something that is. Simple as that.
But, for those, like myself, who plan on sticking around, we'll make money. Just not as quickly as those flipping and moving on. It could be a lot worse. People could be stuck in a company with zero potential with a much larger range for it to fall. This is a company with huge potential and next to zero range to fall.
All and all, if in a month this explodes and we can laugh ourselves all the way to the bank, odds are, the ones that have sold and moved on, have made a killing in other pennys and even got back in this before it exploded back up. So, basically, they'd be the ones laughing harder. But in the end, we all make money. And thats great! So good luck to all!
Brains are the indeed the key. Pennyland is very cerebral. More so when your in sub-pennyland. What I see over and over is that people try and play the penny's like it's a midcap-smallcap-bluechip, etc. That's like trying to play a hockey game using the rules of Ping-Pong
In this land, as you can see by reading the majority of the posts today, is that emotion has taken over. While some are selling on anger and fear and taking a loss and then crying themselves back to sleep, other are selling for a loss, with brains, and moving into a another penny immediately, their plan B, so to speak, one that is moving and one they have already taken the time to research, and they probably have already recovered their losses. Brains win every time.
The smart ones do this day in and day out. Always have another one in the wings. Most traders don't have the brain power to sit and research for hours upon hours a day to find that 'one'.
So, if people don't like the way pennyland works, where its rough and tough, quit playing hockey and go play ping-pong.
For me, my back-up plan tanked, so I'll find another one this weekend just in case. I still like this company though. Its like meeting a new hot chick that I end up liking. Kinda wanna see more of her instead of the one night stand. ;)
I assume that you trying to say that the people at the conference can't buy the stock as they attend the conference. Hence why waiting at least until Monday is a logical decision. Gives any potential buyer the weekend to think about it. And if you reeeeally want to sell, it gives you the chance to find a mover.
Additionally, people can buy as they watch the conference live. I bought stock at the grocery store as I was waiting in the checkout line. iPhone, Blackberry, Droid, all have that capability.
If I decide to sell this, it'll be when all the cards are played.
Not a moment before.
It's at 2 now and will be at 2 on Monday, unless there is a true power hour to close it back up to 3. So selling at 2 before the MPDD is demonstrated today at the conference is kinda pointless. Might as well wait one more trading day (Monday) to see if anything comes out the the WDC. A lot can happen over the weekend. It's not going to see the 1's and if it does it'll be brief and you won't be able buy at them.
I guess if you have another penny that's moving now, it would be logical to go ahead and sell and try recoup your losses. But if you don't, to just break camp today doesn't seem logical at this point in time. At least waiting will give you the weekend to do some heavy research and find a 'mover' for Monday.
Will the EOD paint job be 2 or 3. Hmmmmm.