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Thks,
Nothing really new here. Just a brief statement of the high points of the 8K announce.
I just guess that we will have to wait until after Sept 1 shareholders meeting for the final answer of valuations.
But it seems to me that this is a better business direction for VYEY. This given that they have struggled for years to move the needle with their exploration efforts. And also failed business combinations.......
Remember LEI of a couple of years ago. Would have been a great move but it failed to happen for some reason. Still left unexplained.
Do you think VYEY will be effected by Hurricane Harvey?
Hi,
Sorry about it but I do not use twitter.
OK, I get the gender..........buy Hi Guys, could be either. Didn't really mean to offend..
I fall on the man side of this all. Just so you know.
Kenny Hill posted SEC form 4
7,500,000 shares at $.04 per shares.
Strange to me that this was posted before the deal closed on September 1
Mostly these stock incentive grant awards are posted to Form 4 after the date of the grant.
Who knows why.
So 7,500,000 @ $.04 is $300,000 vested over 36 months.
So he is getting approx. $100,000 per year.
Seems very reasonable to the CEO who put this deal together.
Question is for me is this the pre reverse split share or after the deal is made.
A lot to questions here. I just guess we will have to wait.
Hi Guy,
Thanks.......hopefully your sister can add some understanding when she returns to work.
At this point I am watching the action. No real share counts here.
I guess from statements in the 8k that we will see more details after September 1.
So at this point I am waiting not adding to my position.
GLTU
Hi Guys,
I made an estimate in the outstanding shares. The reason being is that NEWC had to issue share for the last 20 months since Dec. 2015.
Likely 800,000,000 is a good estimate without doing a major accounting review of their prior cash burn and selling price.
But, we should all have a much better answer to all of this upon the filing of their current SEC Q's and K's.
Hi Guys,
Let us say that there exists 800,000,000 shares outstanding.
At .0037 x 800,000,000 = $2,960,000 market cap.
Comments please.
With any real revenue this put NEWC at very undervalued.
Give a price to sales of 5 times.
$1,000,000 sales would put market cap at $5,000,000.
This allows for a several multiple gain for those who are long.
Could easily run to $.05 and much more with any real business revenues.
Hi Guys,
Yes, I did see the 8K...........Details are beyond my pay grade.
But not mention of share dividend for current stock holder.
Trying to figure out the market cap after the transaction.
Stock was issued at different price points. With several levels of convertible stock.
Had to figure out.
Any thoughts on you end?
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Hi Guys,
I added more yesterday at $.10
Looking to add again soon.
Likely the real move will be after they have the board of directors meeting.
File an 8K to detail all of the new business combination.
There will be time to make money as this company starts to get some real revenue with proper sec reporting valuations.
Good luck Shanak 10!!
Hi Guys,
Great business development news! Last 10Q shows approx. 31 million shares outstanding.
Current price per share at $.10 Market cap at approx. $3.1 million dollars.
New release stated current valuations at $20 million.
This stock should trade up to these valuations with the next couple of weeks.
Price target set at $.50
You hear it here first!!!!
Hi Guys,
Ok, I get it........NEWC is trading with little interest and belief of their business plan.
For me we are at a fork in the road here. The stars look to me that they are lining up.
I have placed by long bet. And like most are sitting on a loss here.
But, the risk rewards work for me. There is real value in their business plan.
Sure they need to fix a lot of accounting things. And the SEC compliance is very important.
We will all know the status in a given time frame.
That being said, mid September we should all know if we have a loss with NEWC or the share price will begin to show the value of its business.
In addition there will be much time available to add to my position when NEWC becomes a full reporting and operational profitable company.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
August 8, 2017
Date of Report (Date of Earliest Event Reported)
New Colombia Resources, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE
333-51274
43-2033337
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
10865 NW 3rd Court
Pembroke Pines, FL 33026
(Address of principal executive offices and Zip Code)
(410) 236-8200
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Item 8.01 Other Events
As previously reported, on November 30, 2016 the Company received a letter from the United States Securities and Exchange Commission Office (the “SEC”) of Enforcement Liaison – Division of Corporate Finance which informed the Company that it was not in compliance with its reporting requirements under the Securities and Exchange Act of 1934 (the “Exchange Act”) and that, as a result, the Company may be subject, without notice, to an administrative proceeding to revoke its registration and suspend trading in the Company’s stock. The Company has not filed the required reports as of the date of this report, however, it intends to file such reports as soon as possible.
On August 8, 2017 Company counsel sent a letter of intention to the SEC in response to the SEC’s November 30, 2017 letter to the Company informing it that the Company, after consultation with its accounting firm and independent Auditor, that the Company intends to file its quarterly reports Form 10-Q for the periods ended June 30 and September 30, 2015, its annual report on Form 10-K for the year ended December 31, 2015, its quarterly reports on Form 10-Q for the periods ended March 31, June 30 and September 30, 2016, its annual report on Form 10-K for the year ended December 31, 2016 and its quarterly reports on Form 10-Q for the periods ended March 31, and June 30, 2017 on or before Friday September 22, 2017. The reports will be filed seriatim, as they are completed. The Company also asked the SEC to refrain from suspending trading in the Company’s shares until at least that date. While the Company believes it to be possible that the SEC will honor that request, there can be no assurances that the SEC will do so nor can there be any assurances that the Company will complete the filings delineated above by September 22, 2017. The public should be aware that the SEC has the authority to suspend trading in shares of the Company’s common stock at any time as long as the Company remains delinquent in its SEC filing obligations.
New Columbia Resources, Inc.
Date:
August 14, 2017
By:
/s/John Campo
Name:
John Campo
Title:
Chief Executive Officer and
Chief Financial Officer
--------------------------------------------------------------------------------
Thanks Opti for your most informed due diligence!!!!
Happy that you shared for us longs out there.
Hi Guys,
So we are all buying at these price points!!! Correct in my opinion
Let's say there is 800,000,000 shares outstanding $.0036
Market cap is then $2,880,000
So when Campo and his group finally get their SEC filing together,
they settle with the govt officals on their mining permits, and launch their venture with the Canabis business. This number will be just a history of a bottom
So, place you bets gentlemen. For me it is time to buy and I have put my money to work.
E-Trade is accepting trades in this stock. Although Fidelity has it restricted for purchase.
GLTA
Hi Guys,
For me the issue at this point is not the SEC filings. In fact
Campo issue a pro former SEC un audited document several days ago.
This issue here to me is revenue, revenue, and more revenue.
This stock will only make a sustained move up if and when there
a real revenue deal noted in a press release.
Until then this is a waiting game for all us holding the stock.
I am not adding to at this point. Since there will be much time
available to add to my position as this company reports real
revenues. GLTA
Hi Guys,
The volume is speaking to my. Also mostly buys with a tick up today.
We will see what the next couple of trading days/week gives us.
Another Q possibly, revenue deal would be better!!
Hi Guys,
Possibly so on the conversion comment........but someone is on the other side of this trade.
I just guess that we will see what will the future bring.
Hi Guys,
Well today looks like there is life in this old dog.
Over 20 million shares traded by mid day today.
Mostly with an up tick.
Could something good finally be happening to this old dog.
Many of us have been waiting years for a pay day.
Some good real revenue news would be a great thing here.
HI Guys,
Too many sticks in the fire to make this company fail.
They are running projects on several business fronts.
The only need on of these front to start revenue to justify the
stock price valuations.
Any possible much more to come!!
Hi Guys,
At these current valuations any near term revenue deals will spike the share price.
The current valuation are not that high. And the share price will
be testing and even besting the old near term highs of last fall 2016 or approx. $.05.
At current shares outstanding 660,000,000 times
current stock price $.008 = Total Market cap of $5,280,000.
So there will be some nice price movement from this level.
IMHO
Hi Guys,
Yes 650 million shares outstanding......at $.10 market cap of
65 million dollars.
Price to sales 10 x. So with 10 million dollar in annual sales we could easily justify a share price of $.10
And with the action of the low price stocks. And the potential for addition sales this stock could easily trade at $.25 per share or even more. Hoping the stars line up for this!!!!
GLTA
Hi Guys,
If you open this link you will see a pathway to show hundreds of current medical studies for the Medicinal use of Cannabis
http://www.cannabis-med.org/studies/study.php
We should be in very good financial shape within 6 months!!!!
I am adding more shares today.
GLTA
Hi Guys,
So with todays share price and approx. 600,000,000 shares outstanding we have a market cap of approx. 5 million dollars.
For the month of May price of Columbian coal is approx. $68 per ton. Current contract we are delivering 34 tons per truck and 10-20 trucks per day.
Lets say we work 20 days per month and average 15 trucks per day.
So 34 tons x 15 trucks per day x 20 working days per month equal
10200 tons per month.
At $68 per ton x 10200 equals $693600 per month x 12 equal
8,323,000 per year.
So lets say we use a price to sales of 10x market cap is now at approx. $80,000,000.
I say we are very under valued here at $.0085
I have purchase more shares today.
We should be pushing much higher sooner than later.
And that is only with todays deliver rates, and more to come as per todays news.
Hi Guys,
Ok, now we have letters of credit for coal delivery contract. Paid each time we deliver to the port.
Real cash flow. No more dilution.
This stock price will continue to show this with a move up in valuation of this company.
Good news for all those who are long.
And yes also a new auditor for filing the sec reports an bring us current in the reporting.
So lets start to estimate the revenue per month with our new coal contracts.
This will give us a new potential price per share valuation.
GLTA
Hi Guys,
Firstly let me state that I am a holder of stock in NEWC
OK, now for the valuation game. Lets say we have approx. 700,000,000 million share outstanding. (since NEWC needs some $$ for continuing operations.
At the current share price $.008 NEWC has a total market cap of
$5,600,000.
And since we are starting to ship coal this month, and other revenue stated to start by June. We should start to see some shipments. So for example, lets say we start to bill at approx. $100,000 per month.
That takes our future price to sales currently at about 6 times.
Under valued in my opinion.
Yes, I know there is a lot of noise with the old Q and K not being filed.
But with the next 2 quarters all of this will be behind us.
This stock should be trading over $.25 with 6-9 months.
IMHO...........GLTA
Hi Guys,
Shipment = Revenue = Share Price increase!!!!
Hi Guys,
Waiting for the news release for the first shipment due the week of April 17,
OK,,just give them until Sunday...........
Just hoping for this detail news.
GLTA
Hi Guys,
To me the 8K says a lot. Revenue, Revenue, Revenue........all near term.
And yes, Revenue means higher company valuation, and share price.
I added today after this 8K.
Not selling!!!!!!!!!!!! Not trading.......... big winner coming!!!
Hi Guys,
8 K states that they will begin to deliver coal to the port the week of April 17, 2017
Looking good here!!!!!
Hi Guys,
Looks like NEWC sold 49% of company to form this joint venture.
Hi Guys,
8 K issued today. Looks like they formed a new company to develop the mining contract.
OK,so they gave away a lot but at least they should have the $$$ now to move forward.
Hi Guys,
Just a trip to the GRAB web site to see that they are in several countries. And 40 cities listed in South East Asia.
So lets figure 500 motor taxi per cities.........possibly more each city.
yes, 10,000 Moto Meters.
Just the beginning. This is looking good my friends!!!!!!
I am going to sit back an watch the ride!!!!!!!!!!!
Enjoy my friends.
Hi Guys,
From GRAB web site FAQ about bikes..
see below ..........for e receipt......:"enter the exact meter fare"........so they will use meters on their bikes.
It is now a fact from their web site!!!!!!
Looking good here.
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Hi Guys,
Government need equipment that they can control. Moto Meter is that kind of equipment. Just look at all the old taxi cab meters around the cities of the U.S.
Government can not easily tax an app and control its use and obtain taxes to be paid.
IMHO
Hi Guys,
Ask my why I own shares in FARE. To me it is all about the government tax revenue that the Moto Meter will bring to these poor third world countries.
They need the tax revenue to pay for their existence.
It is just a waiting game to the firs one to make this happen.
HI Guys,
Looking good today coming off the near term lows.......something
might be up?
Hi Guys,
One, just one, contract of any size makes all of this ligit!!!!