is...not in
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sun, I've been impressed with your recent investment strategies. You seem to be doing well for yourself, and I can't help but think that part of the reason for this success is the hard lessons you learned from Simmonds.
At what point are you going to give up your grudge, and finally allow us the peace to learn those same lessons on our own?
Thanks for the info, and sorry about venting...
Maybe I'd feel better about him not sounding worried now... If there was ever a time when he actually did sound worried...
The problem is, even during those times the company almost went under, the guy never sounded worried. Even when he was secretly dumping his shares, he never sounded worried.
I really don't feel like people are asking for too much here. Just a little consistency... A little follow-through... Maybe a little honesty.
I'm glad Simmonds' isn't worried... Though I'd feel better if he was actively working to reduce our worries... Instead, he seems to be making decisions that increase our worries... Decisions like abruptly halting the company's monthly updates, delaying the release of the financials, and failing to even mention the deal between "Vertility Energy Corp" and Apollo, which was supposed to close November 1st.
Is he really surprised that the market is responding negatively to these decisions of his?
He doesn't seem to recognize the fact that the market's biggest concern isn't whether or not we will clear a million-dollar monthly revenues... But rather... The market is worried about whether or not we're even a legitimate company.
Dumar, after close of business today, would you mind posting our SOS-change to the SOS-change board... This kind of stuff seems to excite them. Thanks (apparently one needs to have paid the iHub-fee to post there).
We changed from "Revoked" to "Active" on November 15th.
http://investorshub.advfn.com/boards/board.aspx?board_id=18534
Somebody else just took down another 40k... Now that's the spirit!
Was that you sun?
If anyone else wants encouragement to nibble down that block... This is what made my decision:
Well, I think it's a good price.
I'll buy a few...
Wish I could buy more.
If I had money right now, I'd be really tempted to buy them... Though who knows... Maybe its best that I can't put any more money in.
Wow! 119,500 shares for sale at 5.5 cents!
What's going on here?
For me, you can chalk it up to nervous Googling... I sure hope someone does something soon... That 4-cent bid on the other stock is bumming me out.
IAGM just added an "Advisory Board" section to their website:
Advisor: Yishay Waxman, SVP of Business & Corporate Development at Jumptap
Yishay Waxman is currently the Senior Vice President of Business and Corporate Development at Jumptap. Before Jumptap, Mr. Waxman was Director of Sales for the Americas at Comverse, where he was responsible for direct sales of the company’s content delivery platform to wireless and wireline carriers. Mr. Waxman was also the Director of Marketing from 2000 – 2003, with responsibility for marketing of next-generation multimedia messaging, mobile Internet, text messaging, prepaid and voice messaging services. For five years prior to Comverse, Mr. Waxman ran a firm that specialized in bringing foreign companies into the Israeli market. Mr. Waxman’s sales experience also includes tenure at Interkom, ranked as one of Canada’s leading advertising agencies. Mr. Waxman holds an Honors Bachelor of Arts degree from McMaster University and received an MBA from the University of Tel-Aviv.
Advisor: David Carbonaro, Partner at Heenan Blaikie LLP
David Carbonaro currently practices corporate finance and international law at Heenan Blaikie LLP. He also advises public companies, securities dealers and investment banks on corporate finance matters in what has become a rapidly changing and demanding regulatory landscape. As a member of a growing team of international lawyers at Heenan Blaikie, Mr. Carbonaro plays a senior role in developing the International practice group. Mr. Carbonaro is a founder and director of the KGL Foundation – a non-profit charity focused on providing basic needs and education to children in the Democratic Republic of the Congo. He is also a director of KidsFest, a registered Canadian charity that provides lunches and school supplies to needy children across Canada. Mr. Carbonaro joined Heenan Blaikie as a partner in 2004 after practicing securities and corporate law with another major Canadian firm. Prior to that, he spent 10 years as a partner of a Toronto boutique law firm that he founded and led. Mr. Carbonaro holds a LLB from York University’s Osgoode Hall Law School.
Advisor: Kate Dohring, Business Development Specialist
Kate Dohring is a proven celebrity, charity, and event connector based in NYC/LA with a deep network of strong corporate relationships. She has helped fund several emerging technology companies and is an expert at developing sustainable consumer brands. With decades of experience using media and entertainment to target consumer passion points, she links custom content, entertainment media, and strategic branding to ignite distribution and global awareness.
http://interamericangaming.com/advisory-board/
And anything I don't pull directly from a press-release... I pull directly from my ass...
For example... Your appearance here leads me to believe there might be something dishonest about the timing of this "bankruptcy", and this deal with NLI...
If I'm correct, Aletheia1's the person you should talk to... Use your 'Private Reply' feature to drop him a note, as I'm not entirely sure he's even supposed to be posting here.
I like to act like I'm well informed... But I'm not at all.
Everything I know, I get through Google... And everything I find, I post to this forum.
As far as the deal between Newlook and Fanotech going through (if that is the deal you're referring to), NLI's press releases, filings, & monthly status-reports lead me to believe it is, and the latest "bankruptcy" activity leads me to believe we'll hear more about the deal in the relatively near future.
http://www.cnsx.ca/Page.asp?PageID=2013&AA_RecordID=362&SiteNodeID=211&BL_ExpandID=1391
http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=116e0743-eae7-43aa-b3bd-ab060e6b3b71&idx=1
http://www.cottagecountrynow.ca/news/business/article/1236515--fanotech-facing-financial-woes
http://www.cottagecountrynow.ca/news/news/article/1245169
Thanks for the info. How much do you expect suppliers will get stiffed in this deal?
And sorry to get personal so quickly... But... Are you here to dig up dirt on the company?
I'm just surprised to see someone without much history, actually pay for the Membership... Unless you're interested in non-stock-related membership-services... And the only useful featured I can think of is the search feature.
Please don't view this as an attack. I'm actually just curious... And excited to see someone new.
Creditor proposal still in the works for Fanotech Enviro Inc.
Management with Bracebridge’s Fanotech Enviro Inc. is still working hard to prepare a creditor proposal to strengthen its market position.
Company founder and president Gabe Tomassoni said while he still cannot speak publicly about his current efforts, he did say “we have a strong position” and his purpose in the next two to three weeks will be to finalize details of a restructuring plan.
Tomassoni sent notice on Oct. 27 through BDO Canada Ltd. that Fanotech Enviro had filed an official Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act.
He reiterated that the notice only involves Fanotech Enviro Inc. of Bracebridge and not other company holdings under the Fanotech Manufacturing Group.
“Fanotech Enviro Inc. is the oldest in the group and has the most assets; we are protecting those assets,” he said. “But at this point I cannot really comment on what is going on.”
A Notice of Intention to Make a Proposal is a process that allows corporations the opportunity to restructure, providing them an opportunity to avoid bankruptcy while also allowing creditors to receive some form of agreed-upon compensation owed to them.
Perry Krieger of BDO Canada Limited in Richmond Hill has been appointed third-party trustee in the proposal process.
Saying there is little the town can do at this point to assist the local employer of about 70 to 80 people, Bracebridge economic development officer Cheryl Kelley said council and staff are quite aware of the situation and will be keeping tabs on it as it progresses.
She said the town can act as an intermediary for local businesses in connecting them with upper-tier levels of government. It often helps local enterprises find avenues for support, such as research and development grants or in finding funds to improve energy efficiencies, as examples.
Fanotech has 30 days from Oct. 21 to present its proposal to the third-party trustee (Krieger) and from there, the proposal is lodged with an official receiver. A meeting with creditors is to be called within 21 days of that filing.
http://www.cottagecountrynow.ca/news/news/article/1245169
In case anyone missed NLI's press release...
Simmonds rescheduled their shareholders meeting yet again, for the fourth time (or is it the fifth or sixth? I've lost track.).
http://ih.advfn.com/p.php?pid=nmona&article=49941958&symbol=NLI
Just out of curiosity, why is it that your share-price figures are almost always wrong?
Actually, that's a good point. It's silly to publish a monthly-revenue statement, immediately followed by a quarterly-revenue summary...
It's not unreasonable to think they'll be combining the two into one PR, when the filings are done...
Lets really hope they aren't late on those.
I hope Simmonds realizes that since he started these monthly revenue updates, there is now reasonable expectation that he continue the updates, even if numbers haven't improved. If he starts skipping months just because they show a downturn in sales, people are going to be pissed, and any inkling of confidence people may have gained in him will vanish!
By the way, did you really not buy into WLSA at 6-cents?
I had assumed that even you would recognize that as a good buying opportunity...
Especially considering the obvious cyclical nature of the chart I keep posting.
The stringing-along part is definitely annoying, but I'm still happy about all the progress he's made...
Based on the web-presence, this is certainly a better company than it was several years ago (perhaps better than it ever was).
In case anyone missed NLI's press release...
Simmonds rescheduled their shareholders meeting yet again, for the third time (or is it the fourth or fifth? I've lost track.).
http://ih.advfn.com/p.php?pid=nmona&article=49856692&symbol=NLI
Though... Chiroman07 mentioned that delays should be expected (and for most of us, they were already expected). But it still would've been nice to get a formal update stating that the deal was delayed, but is still in the works.
Right... We have to wait 3 months before acquiring this made-up "Vertility Energy Corp", but wasn't this made-up "Vertility Energy Corp" supposed to acquire Apollo by November 1st?
http://www.marketwire.com/press-release/vertility-energy-corp-enters-into-agreement-to-acquire-apollo-power-light-llc-1560537.htm
http://www.marketwire.com/press-release/wireless-age-inc-enters-into-agreement-to-acquire-vertility-energy-corp-pink-sheets-wlsa-1560525.htm
This article isn't directly related to us, but it talks about trash, recycling, and waste2energy in Canada:
http://www.cottagecountrynow.ca/news/news/article/1236130
I still think now's the perfect time to get into the waste2energy business... Hopefully we are!
Correction...
I suggested the "restructuring" will take place between now and November 21...
More accurately, the proposal is due by November 20, followed by the meeting, followed by the (probably lengthy) execution...
But regardless... ANY sign of progress with these guys, is a welcome sign... And this indicates we may actually see a sign by the end of November (or at least by the end of the year).
I'm wondering if this "bankruptcy" is actually part of plan.
If so, Newlook will likely play a role in the "restructuring" taking place between now and November 21.
This may be a way to cancel out some debt before Newlook takes over.
Fanotech facing financial woes
BRACEBRIDGE — Fanotech Enviro Inc. of Bracebridge is seeking to restructure and emerge "stronger than it ever was," according to the company president.
Creditors with Fanotech Enviro Inc. received notice Oct. 27 from BDO Canada Ltd. that the company, which operates a plant in Bracebridge, has filed an official Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act.
The correspondence states that the Notice of Intention process is to allow the debtor, Fanotech, to reorganize its financial affairs and enact a plan to avoid potential bankruptcy and even grow.
Fanotech Enviro Inc. president Gabe Tomassoni said it is a voluntary act by the company to strengthen its position and protect its creditors.
"We did voluntarily file the notice; it was to protect the unsecured accounts," he said. "We intend to restructure and make this a company stronger than it ever was."
He added that the notice only involves Fanotech Enviro Inc. of Bracebridge and not other company holdings under the Fanotech Manufacturing Group, like the plant in Huntsville, and that his intention is to restructure to also protect the 70 to 80 employees working here.
Fanotech makes mobile products for the waste industry, including vehicles, bins, loaders, dumpsters and other waste-related metal products.
Under the country's Bankruptcy and Insolvency Act (BIA), a Notice of Intention to Make a Proposal is a process that allows financially troubled corporations the opportunity to restructure, providing the debtor an opportunity to avoid bankruptcy while also allowing creditors to receive some form of agreed-upon compensation owed to them.
Perry Krieger of BDO Canada Limited in Richmond Hill has been appointed trustee in the proposal process.
"We are working together to make sure the company gets stronger," Tomassoni said.
In the correspondence his office sent out last week, Krieger explained all liabilities of the company are frozen as of the filing date and that Fanotech will have 30 days from Oct. 21 to present its proposal to the third-party trustee (Krieger). From there, the proposal is lodged with an official receiver and a meeting with creditors is to be called within 21 days of that filing.
Tomassoni said as the process has only just begun, he cannot divulge how the plans may unfold, but did add it will be a "good news story" as the proceedings move forward.
The notice lists about 110 creditors, each with claims of at least $250, for a total of just less than $4.3 million in potential claims.
Although he could not comment directly on an early 2010 deal that would have seen Toronto-based Wireless Age Communications Inc. assume the entire Fanotech Manufacturing Group, Tomassoni did say that deal has not come to fruition.
At the time that deal was announced in late January 2010, Wireless was pondering a waste-to-energy program with potential expansion of the 160,000-square-foot Keith Road plant in Bracebridge.
http://www.cottagecountrynow.ca/news/business/article/1236515--fanotech-facing-financial-woes
As my gift to you, I've dedicated my signature to you...
iHub rules require that I remove the labels, So you'll just have to remember that the stock you're perpetually touting (QID) is the red-line, NASDAQ is the blue-line, and WLSA is the yellow-line. This will be updated as appropriate.
Enjoy
Oops, this is the one I meant to post... This is the extent of the data that site has for WLSA:
http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1319780415806&chddm=492269&chls=IntervalBasedLine&cmpto=AMEX:QID;PINK:WLSA&cmptdms=0;0&q=INDEXNASDAQ:.IXIC&ntsp=0
I'm no chart expert, but I am encouraged by the emerging pattern here.
As incensed as you get over the idea that shareholders pay Simmond's salary... And as incensed as you get about bankers screwing the average folk... I'm surprised you support these various funds. Are you not aware that those fund managers get paid exorbitant salaries whether or not the fund performs? (And by exorbitant, I mean EXORBITANT: Top hedge fund managers get paid more in ONE HOUR... Than the average citizen makes in their ENTIRE LIFE!)
http://www.nytimes.com/2010/04/01/business/01hedge.html
Who do you think pays these fees? Check out the long-term performance of QID compared to NASDAQ. If there was a perfect negative correlation, QID should have had a net loss of 0% in 2011, corresponding to NASDAQ's net gain of 0%... In reality, after fees and overhead, QID had an actual net loss exceeding 80%.
http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1319777642119&chddm=493051&chls=IntervalBasedLine&cmpto=AMEX:QID&cmptdms=0&q=INDEXNASDAQ:.IXIC&ntsp=0
That's SUBSTANTIALLY worse than the performance of WLSA over that same period. http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1319777642119&chddm=493051&chls=IntervalBasedLine&cmpto=AMEX:QID&cmptdms=0&q=INDEXNASDAQ:.IXIC&ntsp=0
Actually, you have to go here for that entire period... But WLSA still did substantially better!
http://www.otcmarkets.com/stock/WLSA/chart
Considering the fact that the bid is a penny higher than yesterday (two cents higher than the bid you were claiming)... And considering the fact that the average share price was a penny higher than yesterday... I wouldn't necessarily consider this a "DOWN" day. No?
But I agree with you that the day-to-day stuff is somewhat meaningless on this low-volume stock... As long as Simmonds continues ramping up the advertisement exposure on Enwise, and continues adding to our multi-million dollar monthly revenue, and continues making profitable acquisitions, and continues working to keep our paperwork up to date... Investors are bound to get at least some of their confidence back... No?
Nice entry on BAC... Though wasn't it you who warned against selling strong stocks, and doubling down on the struggling ones? I'm just curious what will happen to the QID when NASDAQ returns to its 5000+ highs. Not to mention the SQQQ. Have you looked into that one? It seems you'd like the SQQQ even more. No?
Newlook Industries Finalizes Settlement Agreement With Wireless Age Communications, Inc.
Newlook Industries Corp., ("Newlook") (CNSX:NLI) announced today that Wireless Age Communications, Inc. has completed the Settlement Agreement (the "Settlement Agreement") with the receiver and trustee in bankruptcy (the "Trustee") of its former subsidiaries, Wireless Age Communications Ltd. ("Wireless Communications") and Wireless Source Distribution Ltd. ("Wireless Source").
On January 9, 2009, the date the Wireless Age subsidiaries were placed into receivership, Wireless Communications and Wireless Source had provided unsecured loans to Wireless Age, their direct parent company totaling CAD$8.3 million. Also as of January 9, 2009, Wireless Age had provided a secured loan to Newlook totaling CAD$6.2 million. The Company has recorded a special loss provision to the full extent of the loans provided by the subsidiaries to Wireless Age. Wireless Age entered into the Settlement Agreement with the Trustee on October 2, 2009, pursuant to which Wireless Age agreed to pay Wireless Communications and Wireless Source a total of $750,000 to settle the outstanding debts.
The Settlement Agreement has now been completed and third quarter results, due to be released in November, will reflect the gain of over $5 million associated with no longer having to account for the special charge loss provision and for the final settlement of the intercompany loan between the Wireless Age and Newlook.
John G. Simmonds, CEO of Newlook stated; "I'm extremely pleased with the finalization of this agreement. It allows the Company to move forward with its current business model and pursue exciting new opportunities".
http://ih.advfn.com/p.php?pid=nmona&article=49693789&symbol=NLI
http://ih.advfn.com/p.php?pid=nmona&article=49693986&symbol=WLSA
Thanks... Lets just see how WLSA compares to your picks over the next year or so.
I'm interested in the stocks you actually like... Because it's much much harder to accurately predict when stocks (particularly penny-stocks), are going to go up...
You act like your ability to guess when a penny-stock doesn't go up, makes you some sort of investment guru... But in reality, over a given period, 99.9% of penny-stocks will likely trade down or sideways (especially stocks not engaged in promotion). So predicting that behavior day after day really isn't that impressive (or useful).
If you really want to demonstrate an actual ability (and gain some actual credibility), tell us some stocks you think will go up... And lets see how those stocks fare against WLSA.