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The outline of the terms of the settlement is filed right here
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=w_PLUS_mAbOG6hljee_PLUS_H9tL48Wg==
Where in this does it say that the notes are "cancelled" in this court filing? An 8k doesnt make something true. Dont you think the ceo should just file the settlement agreement? Where do you see trying to scare anyone? Dont think it will be an instant flood gate of shares hitting the market NIR can only get a max of 5% of the outstanding shares at any one time. But dont you think the ceo should file the settlement ageement so everybody knows the formula referenced in the court filing? The best thing that could happen to itronics is that NIR gets paid back in cash.
Dont really care about the stock or the price. You are living in some fantasy land that having NIR converting is a good thing.
A claim of no short interest is NOT BULLISH as you claim. How is it that you review it regularly but you do not know what it means? Zero short interest doesnt mean anything. Especially after there was a big reverse split
http://www.investopedia.com/terms/s/shortinteresttheory.asp
Already made my prediction. Lets sum it up. Nir is going to convert more and more shares over time and if you are not there to buy them up then the stock will go lower. What will be interesting to watch is to see when the shares come to market. Itronics claimed NIR shorted the stock when the conversions were in. Will NIR sell tomorrow or will the sell when they get the stock? That is what will be of interest here. Simple math would show that for the first conversion NIR is due about 100,000 shares of itronics equating about $100,000. 7.9 million dollars to go
Twil: Just because it was PRd that makes it exactly true? If the notes are fully cancelled then NIR will not get free trading shares. If NIR gets free trading shares then the notes are not cancelled and maybe it could be a payback schedule.
Kjul The stock will go down because of NIR. Not "wishful thinking" Frankly it would be great for the stock to go to 10 bucks. But it wont happen. Individuals cant short pennystocks. Only hedgefunds and market makers can. So if regulations allowed it to happen we would probably see it. Your reasoning doesnt hold water.
Btw been watching this case for a while. You didnt provide me anything
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61610480
Thats their plan. Dont think they know any other way
Harpo The Settlement Agreement that they entered into was signed BEFORE the discontinuance was filed. Remember that itronics lost summary judgment and NIR basically has a judgment against itronics. They negotiated this Agreement for two months. Just have the ceo file the agreement in a 8k. You are speculating on the cancellation of the old note because of a PR? NIR is going to be converting into freely tradable shares and NIR will sell those shares onto the market so the PR does not make sense. If you guys think this ribotsky is such a good business man dont you think he would protect himself when he basically has a judgment against itronics?
Where is the speculation that itronics owes NIR $8million? Where is the speculation that itronics has to start convertin on May 4th? Where is the speculation that itronics lost their lawsuit against NIR? How much did they pay in legal fees over the past two years?
So how does your speculation on short interest deserve any response? How does no short interest (as of last month) prove anything? A high short interest is thought of to be bullish for a stock
The thought here is that when NIR converts more often and more often you are not going to be able to hold the stock up
Kjul where does it say the notes are cancelled in the court documents? Which ws the agreement that I posted. It doesnt. It says that in a PR. Have the ceo put out the full settlement agreement in a 8k. NIR isnt going to convert 8 million shares as twil put in there in this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62666980
they will convert and sell convert and sell. Unless you are going to buy all these shares that will come to market, then the price will go down
reread the post...what you are saying doesnt make sense
Kjul until NIR is done selling the shares will be cheap because NIR will make them cheaper. Didnt ask for any DD. Was reading the court files on this case for a while. Where did I say I couldnt find an 8k. Let the ceo put the settlement agreement in a 8k. It aint there because 'notes cancelled' doesnt change the fact that NIR will still be able to convert into shares and sell them on the market. As long as you and your wonderful ceo is fine with that then good luck to you
Twil your math is way off. NIR is going to get 8million shares on the 4th. they will get some shares but less than 5% of the outstanding shares and here is where you will need to smarten up - the will sell those shares. Have no idea who Fed is nor do i care
Harpo and Kjul
Let me educate you a little - the old notes will only be cancelled after full compliance with the settlement. However this settlement will still be converted on into shares that will be dumped into the market. NIR has a judgment so itronis will have to be fully compliant otherwise NIR can just go back to court. Having seen this before with other NIR funded companies you are foolish to believe that itronics doesnt owe NIR money
PeeDee no answer to you telling people to buy ECMH? The technology that hasnt produced one product - is that what you want to talk about? You are probably right about HLNT but that doesnt make you right about what you say about ECMH. You just really shouldnt be telling people to buy stock if you are so close to the company. Do some homework on that subject. What I read about Norma, NIR looks more like a patsy to manage a portfolio for Merril Lynch and Magnetar. Merril has the liability there just like the other banks that set up those CDOs. Where is woog?
Hugh great find
No play PeeDee just pointing out the obvious. Couldnt give a rat about HLNT. I hope they beat NIR in court but I dont think it will happen.
How is that you say "Never told the world they were a good buy" Are you trying to help out your friends that own stock?
Check this out
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46000159
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56414868
Who is playing who?
You have a problem with PeeDee? When you contradict you own posts you are discrediting yourself. It looks like you are associated with ECMH. You have posted under PDGOOD0 on other postin websites about ECMH and NIR. Is this a problem? Why is this an issue unless you are hiding something. You have to have an interest or your friends have an interest in ECMH. When you contradict you own posts you are discrediting yourself and you sound a little like the idiots on Itronics board.
Try catching on PeeDee. Really dont think there is a big difference between HLNT & ECMH. You have those nuckleheads claiming that NIR is going to get taught a lesson and you doing the same. They are pumping HLNT and YOU telling the world why ECMH is a good buy. Whats the real difference? Catching on yet?
Humphries is done, he is already in prison. I think that if he had something good on NIR then there would be arrests. I dont know if the RICO angle would work against NIR. Where do you see my threats dude? Cmon and get with it and dont let your panties get twisted the way they are.
Get your facts straight. NIR won summary judgment in January. The judge declared that they won. NIR and ITronics spend the next two months getting the language together and then announce a discontinuance of the litigation. NIR at anytime could have got a so ordered judgment against Itronics but that would be the end of the company. Itronics had to negotiate with NIR on NIRs terms.
You can believe anything you want pal but you are dealing with a loser here. With NIR in there the stock price can only go in one direction.
I have some nice beachfront property on the California/Nevada border. I hear its a great investment. What a hoot
Calm down peedee. Not trying to discredit you some of the dudes you take on proves to be entertaining. but when you roast HLNT and your dudes at ECMH are guilty of the same issues thats where you have credibility problems. Ya cant defend one felon hatched company and blister another without people pointing it out. You cant encourage and advise people to buy ECMH shares then reverse the stock and convert NIR so the stock has no bid. Are ya startin to catch onto the issues I am pointing out?
Your common sense is backwards. You negotiate and enter into the settlement THEN you discontinue the litigation. Also if ironics doesnt pay NIR then NIR just has to complete the paperwork to get their judgment.
Why doesnt itronics just file the settlement with the SEC filings?
peedee That is great info about HLNT. Very entertaining I must admit. Are you saying ECMH is any better? Both have received money from NIR. Both have former execs going to jail for stock fraud. ECMH has 2, HLNT has 1. So do you really think that HLNT claim that Humphries working with NIR will work in court? I cant believe you think that. You have previously talked about how your boys at ECMH are going to bring NIR down yet they only thing they do is reverse the stock and keep converting NIR more stock. Are you getting the drift that what you are saying is fun and entertaing on the HLNT side but when it comes to your company it is mere double talk. If you have something real on NIR dont convert them, let them file suit and defend yourself with all the dirt that you have. At least HLNT is taking a stand against NIR you have to give them that.
Twilko You are sounding a little naive to the nir game. Where is the full settlement agreement? You really believe that NIR discontinued the litigation without a full settlement already negotiated? ITRO lost the hearing in January giving NIR summary judgment against Itronics.
Harpo That PR references the agreement that I just posted. Where does it say the notes are cancelled?
I can read that ITRO owes NIR over $8 million. I can read that they will pay stock "commencing May 4, 2011"
Whats there to read into? I may not be as smart as you but I can read the plain language.
The HLNT drum is pretty annoying but pd pegged them pretty good. They are dumb for their posts when they have that many skeletons in the closet. BUT when pd correctly argues about HLNT but the company that he is affiliated with are guilty of the same exact issues, thats what is really annoying.
I am interested in the funded companies. Dont forget these posts BSWB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52393617
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52394214
Everybody on this board has been affected by nir in some way. The information passed to me says that pd is affiliated with a nir funded company. he has first hand knowledge and he has publicly posted the same. So what is the problem with asking direct questions about a specific company funded by nir? I would think that these answers apply to a lot of nir funded companies. We are able to ask questions about HLNT without any issue.
BSWB
why do my posts get deleted by pd? I am asking about NIR funded companies. pd knows a lot of information about this one company. my posts shouldnt get deleted
Hey Hugh
The summary of the Settlement is that itronics owes nir over $8million dollars. There is no language that the notes were cancelled. NIR will start converting again.
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=w_PLUS_mAbOG6hljee_PLUS_H9tL48Wg==
FIRSK look at ECMH and tell us all if they can pay you investors back with cash. They take your money and most likely pay Scott Webbers salary. Webber who is now complicit with NIR because he gets more money. Converts hundreds of millions of shares for NIR then reverses the stock. Converts more and more shares now ECMH has no bid. Webber ups ECMH authorized shares to 3 BILLION shares. At these prices that is about $150,000 back to you investors. How much did ECMH borrow? At least 4 or 5 MILLION which in NIR terms is more like 10 million. So if NIR can sell 300 BILLION shares of ECMH then you can get your money back from them.
What a joke
Thats misleading peedee
you are closely related to ECMH an NIR funded company. While I have read that some think you are Scott Webber the ceo of ECMH. You are more likely closely related to Scott Webber not only friends, but have some business agreement. Why else would you have been posting on both on raging bull and investors hub about every company that Scott Webber has worked for
Listentome
The itronics case was over a while ago. They paid NIR 4 or 5 million dollars and now owe NIR another 8 million.
Interesting thought Woog
Could there have been CDS underwritten against the NIR holdings?
Ken Owen was the ceo of Nova communications which is now ECMH run by Scott Webber. Just another scam company funded by NIR.
http://edgar.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=1720009&SessionID=EzmvHex104tbe77
Did buff get the private jet part right?
ECMH ups their shares to 3 BILLION to pay NIR
Check this out
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7827854
What are you talking about dude
reread the post. "Itronics argued" they paid NIR in full. Read #23 from this affidavit
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=rYNbozLpUCsLkNcQ9VzSgQ==
pretty simple stuff dude. now add the $8 million that they have to pay NIR
You are wrong about the settlement
Your Quote "The real reason the suit was settled is not gonna be shared with the public. "
Itronics lost the case in summary judgment then entered negotiations before the judgment was entered.
Every claim they fought NIR on was shot down including short selling.
The $8 MILLION dollar settlement is pure profit to NIR because I think Itronics argued that they fully paid NIR back
You are completely wrong
they lost summary judgment. read the settlement. NIR already won the lawsuit but never entered the judgment.
PAYABLE IN STOCK
Stock was $1.30 on the announcement
They owe NIR $8 MILLION DOLLARS
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=w_PLUS_mAbOG6hljee_PLUS_H9tL48Wg==
Short selling argument was a loser I guess