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The best to you too, Mercurial! A happy ending is still possible here, but becoming less likely, imo. I guess someone contacted the CEO overseas somewhere and said the guy told him 43-101 would be put out in two weeks, which has come and gone. Will be interesting to watch this thing from afar. Take care everyone. Will check back in if anything ever devlops. ss
Mercurial: they were late last year but not past the 15-day deadline. This year's NT10K was filed on 3/31 and today is 4/17, putting them past the 15 calender day extention limit, as I understand it. Thoughts?
This is either a significant screw-up on their part or they don't have the goods on any of this. I hope the former is true. Either way, like you, I am obviously fine, as I don't ever invest funds I can't afford to lose. All just my humble opinion. ss
If NAFS allows an "E" after their symbol, it will not be a good thing. It usually means there are serious financial problems causing the late filing. Also, if the 43-101 is positive, what's keeping NAFS from putting it out? I mean, a guy/gal could just charge the $40K on a visa or mastercard for goodness sake, or take out a short-term loan, even a personal one, if the report is good. Wasting all this time is not a good thing, especially as oil companies are starting to secure their long-term frac contracts. All just my humble opinion. I had hope for this company, still do, but they really need to ramp it up here. ss
Yes, never invest what you can't afford to lose - period!ss
all good?
Either mm's trying to squeeze out some weak hands before a run or ya, you got screwed. I think 10K needs to be in today or it's curtains ... at least for now. Geeze! All just my humble unprofessional thoughts as always.ss
Is the 10K out or are they delinquent now? Havent checked. ss
Anyone else notice NAFS website is down and "under construction."?
Either the sellers know something we don't or they are incredibly stupid or impatient. It looks like we will know one way or the other in the next couple weeks. As I've said before, with NAFS, I see little in-between - if the resource is there and in quantities and quality even close to early estimates, we are likely looking at a market cap of at least 100M in the short-term and up to 1B over time, in my estimation. It will either go sub-penny right quick and become a shell again, or be an immediate outta-the-park winner. Remember, always use money you can afford to lose so you can sleep at night, and leave the rest to educated luck. We will see what happens with this. All just my humble opinion as always. Do you own dd and prosper. ss
Did he say what the hold up has been? ss
MW, the 37M shares for purchase are no-doubt restricted shares, and are likely not in the float yet. And, trading of those shares when they are freed up will be limited to only small bits at a time, a percentage of overall trading volume, if I'm not mistaken. So, I think the float can presently be more no than 20M at the most, imo, and when it's higher, no worries. All jmho, ss
Regarding NAFS, my view is still the same...
NAFS will either be an absolute outta-the-park homerun (100-1000 bagger over 6 months to 2 years) or a major disappointment, imo. I don't see much in-between, to be honest with you. A true gamblin' man's speculative buy. I don't need the $$, and on spec plays like this I spend only $$ I can afford to lose - period - no exceptions.
That said, I do recognize the unusual and immense potential of this company. It's quite unusual for a company to be so under the radar with such frighteningly huge potential. NAFS is not being hyped at all, thus the low pps, which is a good sign for true value growth in the future and stable price movement. While I think the float is probably a bit greater than 4M based on recent trading, it can't be very high. (But heck, SLSDF is trading over a buck with an 82M float with MUCH lower potential reserves than NAFS, imo) And, your're right Grayhair, all NAFS needs to do is release the 43-101, and if it comes even close to earlier company informal numbers, pps should jump immediatly to at least .20 to .50, imo. Then they will drill more and prove up the rest of the asset. If numbers are even halfway decent on the rest of the property, PPS will move into the stratosphere. Plus, the A/S being lowered from 10B to 500M shows management's intent to steer clear of toxic financing - frosting on the cake.
Folks, this has all the elements of a true retirement maker ... or a total loss if the 43-101 is poor (which is doubtful but possible). We will know very soon, imo.
All just my unprofessional and very humble opinion. Take care all. ss
Consider emailing your recommendations to CEO. Why not, right? They probably have things under control with a solid plan, but an outside perspective is always helpful, expecially if you have some experience in related areas. Anyway, thanks for the input as always, Grayhair. This will be incredibly interesting to watch, either way it goes. ss
Maybe you should email the release to NAFS and ask them to step it up so they don't miss this window. I just hope the 43-101 comes out in the next couple months so they can take advantage of this upswing in demand, positive market perception, drill the rest of the property and get some decent non-equity financing. If they begin to do these things, based on a decent 43-101, things could indeed get very interesting. Thoughts? All jmho. ss
Implications for NAFS?
Thanks for the input, Grayhair. Much apprecieated...
Btw, by "100-500 bagger" I was referring to 100-500 times current pps, not percent rise. I would be very disappointed with a 100% - 500% gain on this. Imo, NAFS is either a zero gain/total loss or an outta the park hit. If it hits, it won't stop at a nickle, a dime, a quarter or even a dollar pps, imo. $100M market cap is where SLSDF is at presently and that could be a first target to unload NAFS, after of course taking my principal off the table, which is only prudent. Don't need the $$, and on spec plays like this I spend only $$ I can afford to lose - period - No exceptions. I am surprised you would be very happy with 100%-500%, but to each his own. This could be the mother of all speculative plays, but only IF the 43-101 ever comes out and is confirming... or it could be a total loss. All just my very unprofessional and humble opinion. ss
Cussy, ya still there? ss
Grayhair, if the entire float sells down at these prices, it'll be a much slower ride up, in the even that the 43-101 ever comes out and is positive. Why has it taken a year to come up with the report? From the filings it seems that much of the data has been available for quite some time. Is there something I'm missing here? Just playing devil's advocate. Thoughts? ss
Well, at least someone is picking up shares. My view is that NAFS will either be an absolute outta-the-park homerun (100-500 bagger over 1-2 years) or a major disappointment. I don't see much in-between, to be honest with you. A true gamblin' man's speculative buy, imo. All just my unprofessional and very humble opinion. Time will tell. ss
I hope for shareholders the 41-101 comes soon. I'm not sure how much more selling this thing can take, although if I wanted to buy shares it's a good thing, I suppose. This is going to be interesting to watch either way it goes. ss
Even if NAFS float is higher than 4M, should still be relatively low...
Below is Stock Structure for Select Sands (slsdf) with os of 82M, almost all of which is float, and they are still trading above a buck... and their a/s is UNLIMITED, compared to NAFS recently lowered to 500M! NAFS current o/s seems to be under 60M and float can't in that case be over 22M anyway because my understanding is that the 38M shares exchanged for property rights are all restricted and will have limits/restrictions on rate of future sales too.
EVERYTHING depends on 41-101 results in the next month or two, or whenever they come out. If results are marginal, then no pop, if good, then unlimited pps gain, imo. We will wait and see. My guess is little or no trading in stock until report is out, then either pop up or pop a bit down if news is negative and company becomes just a shell again. All just my unprofessional and very humble opinion. ss
Stock Structure for SLSDF from otc market site -
Market Value1 $90,443,776 a/o Feb 17, 2017
Authorized Shares Unlimited a/o Oct 20, 2016
Outstanding Shares 82,536,755 a/o Nov 10, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 82,378,005 a/o Nov 04, 2016
Par Value
Anyone talk to the company? ss
I'm sure float is larger than 4M, but TA won't give out any info, as they have a gag order, as is fairly common.
Location does seem very strong, close to major city and not in the middle of nowhere. Could service a large swath of oilfields. Also, there are references to easy recoverability, shallow depth, and below average recovery costs. Furthermore, NAFS seems to be totally off the investment community's radar at this point. As referenced elsewhere, authorized shares were decreased from 10 billion to 500M, which sends a good message to future investors. And, a market cap under $1M!!! It's like, what? This could be phenomenal, but (and thats a big BUT) only if the report confirms past testing and suitability. We shall see. ss
Wonder when 43-101 will come out. Could be interesting, all depending on the report. Interesting risk/reward. ss
Come up with any info on market demand, etc., Grayhair? ss
Authorized Shares just lowered to 500M from 10B. That my friends is a very good sign.
This from OTC Markets site...
NAFS Security Details
Share Structure
Market Value1 $882,073 a/o Feb 13, 2017
Authorized Shares 500,000,000 a/o Feb 10, 2017
Outstanding Shares 58,415,448 a/o Jan 30, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 4,317,611 a/o Dec 30, 2016
Par Value Not Available
Transfer Agent(s) Verified by Transfer Agent
VStock Transfer LLC
Shareholders
Shareholders of Record 414 a/o Dec 30, 2016
Not sure anythiing is, Aevora.ss
Did you manage to connect with Wayno? Otherwise, what do you base you thinking on? ss
Okay. So, it looks like it all hinges on this report. We will see. ss
What makes you say that, ad1? I know Wayne need to get things in before long here or it goes to the greys. ss
What is the float? Scottrade says 50M, but OTC site says 4M and Yahoo, I think, says 9M. Thoughts? I've researched the segment, and some other companies with similar, albiet smaller, potential in terms of location, are at many multiples of this market cap, i.e. SLSDF with about the same stock structure (it has a little larger o/s and float) and is producing some, has a $114M market cap versus 800K for NAFS. So, could be a good opportunity, though risky. I will definately think about this. ss
Hey Grayhair - Looks like an interesting play -
Do you know when the 43-101 is expected to be completed? As it stands market cap is only $900K - seems kinda' small given the projects, but what do I know. Any insight you can share? Thanks! ss
Roger that, RM, but doesn't mean he won't try. ss
Hard to believe this thing could ever show signs of life. It's been so long and Wayne seems outta commission. ss
What could possibly make you say that, ad1?ss
A little overdue, I'd say. Any thoughts on APPZ, Pistol Pete? Is this thing headed to the greys? I mean, even there there is some upkeep one has to do to maintain even in that market. Wayne has been all but gone. ss
Hey Guys. CGRW is crusin'! Geez, this thing seems to be the real McCoy. Question - any idea if Delmar still has RBSY under his belt? Was lookin at it the other day and it still exists, but is on the greys. Any insight is appreciated. If he still owns the shell, I may pop a little $ into it, although it may not have any liquidity at all, IDK. Thanks! ss
So, is Wayne even alive? Nothing comes up on google search for past couple years. He seems to have dropped of the face of the earth. Any insights? No humor, just insights. Thanks! SS