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HE IS WRONG. That was Vican Foods Ltd. Which is dissolved in 1984. The co became Vican Food Inc.
Very simple explanation.
NGCG - UP 29.8% on over 6.5M VOLUME! 2nd great green day!
Kam, you've predicted that! Thank you!
Looking strong! Glad I've held on to my $1.71 lot.
Same here!
They've already have returned 100,000,000 shares to the treasury! We'll see it in the next report. Do your own DD and read at LEAST the last two PRs.
Vican Foods, Inc. - FANTASTIC! READ ABOUT it.
http://www.vicanfoods.com/english/About.aspx
We already have a well known International Distributor!
"The Vican Foods Inc. has supplied food products all over world. Complete traceability along the chain from "Gate to Plate" is guaranteed with production to the highest standards. We supply a quality range of carcasses and primal cuts of Pork, Beef, Chicken and Seafood throughout North America and Europe."
Vican Foods must love NGCG product line. Very few distributors would offer $500,000 cash-on-cash credit line to an OTC company.
Lunch time... Yesterday the bigger lots came after 2pm. Institutional buyers between 3-4pm - POWER HOUR.
Today the volume is already x5 yesterdays. Looking forward to the power hour today.
NGCG - AWSOME CHART + PLUS HIGH VOLUME!!!
This time we should go much higher. The catalyst will be not only the expected big news, but also the cumulative effect of the recently already published important good news. PLUS one more now should take the pps way up.
Both, the ASKs and the BIDs are being rolled up to a higher pps. Nobody wants to sell and shortchange themselves from a bigger profit...
Yes, you have!
Perhaps the News are coming very soon? Check the chart: look at what happened a few days before the February news.
This time we already made a double bottom...
Oil price moves on China stimulu
3 Hours Ago
http://video.cnbc.com/gallery/?video=3000497711
CNBC's Jackie DeAngelis looks at the oil market and how Chinese stimulus moves affected prices.
Higher Highs and higher Lows. Next step up today is $1.90.
L2: only 63,800 is available below 0.0066
The MMs that used to offer low ball pps are now established their minimum ASK:
CSTI - 0.0066
ETRF - 0.0079
ATDF - 0.013
VNDM - 0.015
BMIC - 0.028
The last 3 (institutional MMs) have increased their ask lately and are keeping them at these levels.
That is why I've added another 300K to my over 5M holding.
IMO - they've now built a solid foundation, the next one - I hope for the Refreshers with distribution, or similar, will be much more visible. The pps will follow... much higher.
Agree this waiting is very irritating, BUT...
Come to think about it, last year they're wasted a lot of time producing products with toxic ingredients. Now NGCG products are ALL NATURAL and even ORGANIC - this is what the consumer demands.
This year NGCG has achieved two BIG wins:
- First brick and mortar multiple locations store - THE FIRST ONE IS THE HARDEST! And we can see the additional orders are coming regularly... excellent sign!
- AWESOME agreement with Vican Foods! As we all well know most of the start ups have to use toxic financing. Phil took his time to negotiate, but what a fabulous agreement!
Vican Foods will provides NGCG not only with wide distribution , but also with a credit line up to $500,000 and it's a cash for cash agreement.
If after current period of waiting, we'll get similar MONUMENTAL announcement, I don't mind the wait.
Saudi oil minister Al-Naimi: No concerns on oil demand and he welcomes more production.
http://www.cnbc.com/2016/02/23/saudi-arabia-struggles-with-cheap-oil.html
Some MM is walking pps down on 20K and 15K. Nice volume today. I've added another 300K. IMHO it could be one of those pps taken down just before the news and a run up.
Motor gasoline consumption expected to remain below 2007 peak despite increase in travel
Tue, 23 Feb 2016 13:00:00 +0000
Based on estimates in the most recent Short-Term Energy Outlook (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.
Same here. Right now it looks like a falling knife.
AH -got quarter position back at 1.71.
Same here. My hunch is MMs have been still shorting today.
CNBC: Neil Atkinson: "A not so deep freeze..." 2 hours ago.
The proposal by four nations to freeze oil production at January's levels will make no difference to current market fundamentals, according to an IEA official.
Neil Atkinson, head of the International Energy Agency's oil market division, said the four producers who proposed the freeze were not anticipated to increase production, and lacking a cut, the outlook does not change.
Saudi Arabia, Russia, Venezuela and Qatar agreed to the freeze if other producers join in. Russia has said it would like to have consultations on a preliminary deal completed by March 1.
"It makes no difference to current market fundamentals," said Atkinson at the annual IHS CERAWeek conference in Houston on Monday.
"We are told this is the beginning of a process," Atkinson said, referencing a comment made by Saudi Arabia Oil Minister Ali al-Naimi in discussing the proposed freeze last week.
The market has assumed Al-Naimi was suggesting the door would be open to talks about a production cut. Naimi speaks at the IHS CERAWeek conference Tuesday.
Atkinson said he would not speculate on whether producers would ultimately agree to an output cut.
A not-so-deep freeze
While oil has lifted off its low in the $20s, Atkinson said it's not clear whether the price has bottomed or not. "It did get below $30 a barrel and sat there," he said.
In a commentary on CNBC.com Monday, IHS vice chairman Daniel Yergin claimed, "This freeze should not be confused with a cut. It is a status quo — holding production constant with the expectation that rising demand, plus production declines in some countries, will help bring the market back into balance.
Yergin also said that amid the current outlook, "managements may believe that the market could stabilize later in 2016 or 2017, but the prudent policy is to cut budgets further."
The IEA outlook for the U.S. is a tale of two tapes. It predicts that U.S. shale oil production could fall by 600,000 barrels per day (bpd) this year and another 200,000 bpd in 2017, a forecast that led to big gains in oil prices on Monday, but that the U.S. will lead the world in production gains in five years.
http://www.cnbc.com/2016/02/22/oil-deal-makes-no-difference-to-market-iea-official.html
Oil chart Intraday - looks like Head & Shoulders.
http://www.forexdirectory.net/oil.html
It's about time. Now they have 500K to produce Refreshers.
Agree with you Lamb. Out at $1.78 will buy back on the dips.
Thank you for your PM, Lam! Same here... Got some UWTI earlier at $1.50 and sold it. We'll watch AH, if it goes down will buy it back. Still hold a good position for cashing in at 2:30+. This one moves so fast, I don't want to miss a major upside. Who knows what would happen in the Middle East over the weekend...
Latest Middle East news.
http://www.telegraph.co.uk/news/worldnews/middleeast/
Latest Middle East news.
http://www.telegraph.co.uk/news/worldnews/middleeast/
USA -796 rigs since last year!
USA -796 rigs since last year!
USD Baker Hughes U.S. Rig Count is due at 1pm.
Right again. I see that...
We should get a USD Baker Hughes U.S. Rig Count at 1pm. Most likely good news. It may pull the price pps back up. Merrill Lynch has also posted today: oil will go to $47 this summer.
Another great call on your part. If it'll deep lower, I'll add.
Thank you!