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I think that I have been pretty clear that I am no fan of the lying rat bastard, Scott Miller.
Just so we're clear.
TFA
Well arb, it does show he at least has a sense of self preservation. This could work to our advantage.
TFA
I agree with the sentiment expressed by Brklynboy. We seem to be working in the dark, digging for scraps of information. The company certainly isn't providing any and the whole process looks pretty irregular.
When things look irregular, it is my experience that they can turn around on you in a hurry with the right amount of money applied in the right place.
We will continue to labor in the dark until at least the PSC signings take place and the announcement of it is public and official. At that point, potential turns real.
TFA
Phil,
I appreciate your posts and agree with much of what you said about the pinks. However I am curious why you would post here. Personally I think Scott Miller (CEO NUAG) is a big crook, but not a previously known one.
This company will probably not go out of business in the near furture, but neither will it produce the earnings claimed in the MANY PRs by Miller.
So, they will be BB stock soon, and much of the lying will have to go away. They will still employ every acct gadget known to man, and may invent some new ones. Sooner or later, though that stuff comes home to roost__-
I am a disgruntled long here.
TFA
this turkey (nwau) up a nickle? How can this be? Naug down to .95
TFA
Hard to believe no one posts here, the company is probably to be relisted on a major exchange in early 06. Legg mason just upgraded it. Financials will be current upon release of 2004 financials (this month probably).
Looks to me to be headed for 9.00 by March 30 06
Trout
NO Nwau board that I know of, when looking for that, I got NAUG.
Sorry for the sluggish response.
called dilution and I certainly would not put it past them at all, but again when the money is divided by the shares, the EPS will reflect that and the price will suffer.
TFA
Oh, it is a definite longshot, even if they make 3M next year, which I do not expect, and they quit lying, which I do not expect, the price for naug will probably be around 5.00--unless we can get that growth of earnings type P/E (you know, 50+). I will certainly have left you if it reaches $5.00.
The problem is going to be with the Sept 2006 financials, they'll have to be audited and when that happens, all the dirty laundry will be aired.
All the bad debt, all the agressive acct will come home to roost. I do not want to be around when those come out.
TFA
IF and when I get anywhere near even on this turkey, I plan to sell. Why? Mgmt. They cannot be trusted. I expect the accounting methods currently in use will show up with a BIG, FAT reversal one of these quarters and the story will be a return to earth.
I definitely think we are going to SHOW profits, at least for the next two quarters. After that, all bets are off--
RTQ for NWAU .29
TFA
jamstah, education is expensive, I've said that for many years. By investing a small amount of money in this T***, I have learned a couple of things already. SO that will be worth more than this stock ever will, I believe.
Would I buy more and average down-NO, good money after bad. I don't think the magmt will ever be anything but a bunch of hucksters, who while they may remain untouchable legally, will probably never amount to much.
GLTY
Trout
Topped your expectation after having seen the ghastly numbers put out for June. Did you buy before two weeks ago? If so, you, like me, and probably everyone here, are here because of Scott Miller's outrageous lies put forth in his PRs re: this company and its financial Performance.
Many have written about what they thought the financials would look like once we saw the June 30 filing. This is about what was expected, a small profit to allay the anger over the previous numbers. Can you trust the unaudited numbers? SHort answer, they are probably legally trustworthy, but you never know what kind of rubic's cube sort of logic they have used to get to a .02 profit.
Trout
Any news on signings, as it is already late in the day there?
Gonna be tough to make a dollar next year. .02 on 4 million rev, that's gonna be an increase by a factor of 12. That's pretty agressive Scott, do you think we can make it? I'm sure you are confident that we can.
Put this sucker in the toilet and flush.
SEEELLLLL.
Yeah, my own fault, if I waited for the numbers, this would not have happened to me, but it still would have happened to the shareholders who are now left as bagholders...Scott, salud!
Think of this, we might get numbers today, after close of market. After all, they said before Nov 15. Today would be the best day (after 4 EST) to publish numbers that look anything like the last set of clunkers.
TFA
When Scotty lies to his shareholders is he an "anti-NAUG?
NOoooo, he's just being Scotty.
TFA
No earnings are expected, it seems unlikely that it was a squabble about the numbers that resulted in the acct firm quitting. I say that they weren't being paid, for quite a while and they told the mgmt they would not go any further until paid.
So what do you geniuses think?
TFA
#1 reason why an accounting firm would quit?
They are not getting paid.
Just an opinion
TFA
shouldn't we be loading up the truck now at less than $.35 per share?>>
Good luck with that approach, I have to say I find it risky in the extreeeme.
TFA
IF the price doubled from right now, you'd have .58--I will go with that as a peak price after release of numbers, adjusted with sleight of hand.
TFA
maybe halted, no trades in at least last 6 min--actually showing nothing since 12:07 (now 12:37)
Anyone?
TFA
Not halted, they've traded about 1K shares in the last 10 min., when that question was first asked (RB)-
TFA
Dog, from your mouth to God's ears.
Trout
http://www.freetranslation.com/--you can try this
those numbers are not encouraging.
Trout
MN, Your question is a good one. It means they are either not getting the advertised price, or they are paying too much for the inventory(remember COGS was 94%)or it could be a mix of the two. What it doesn't mean, as someone implied earlier, is that they are making the GP and expensing it out.
Trout
Regarding the co. claims as far as their sales go, I don't think anyone could say they do what they say they have done, because simply, they haven't. If someone doubts their word on sales it is easy to see why.
Trout
Who here thinks that the NOv 15th Numbers will be
1. on time?
2. in line? (with mgmt predictions --can this be anyone now?)
3. straightforward?
Don't you also know that the numbers are already known by the accts and mgmt? They are just making sure things are in the right accts and accruals are correct, etc.
lets hope for a grand slam, be ready to settle for a single.
Trout
Quite possible that their "profit" will be built upon accounting tricks if necessary. I do not think that confidence in this bunch is warranted unless you are counting on them lying, then you got something.
If you want to believe Scott (HAH!) then the figures for the 3rd qtr of the calendar year will show about .20/share in earining when Sunburst is included------that is if the same number of shares are used in the calculation (14 million).
SO the copany that did 2mm and lost 1.5mm in the first part of the year is going to do 6mm and make 2.8 mm $$---well I don't think even Scott would think he could pull that off, so the figures will come in about breakeven, or slightly above in order to engender optimism among shareholders who are down more than 50% on this investment (sic). Plus everyone will see we have made great progress, we're turning the corner and happiness is just ahead.
The figures will be filed BEFORE Nov. 15, accd to their email.
Trout
good morining
After a night of sleeping on it, I have not changed my mind about SM and Co being a bunch of baldfaced liars. They did it on purpose, and if it was shortsighted, well so be it. They are going to try to fool us again come Nov 15 with earnings that, while they won't be what was promised, they will be so much better than the 8-KA (complete drek) that they will inspire hope in some.
While I won't advise you, I will say, I ain't going for it. Another sham upcoming, and it may not even be on time.
Trout
Since they published the Financials, I have reviewed the PRs, the filing, and whatever else I could find. My conclusion? This is the biggest bunch of horsehockey assembled in recent memory. Unless you are in total denial, and I own this stock too, you have to know that entire campaign has been a sham, a series of exaggerations and half truths at best.
Nov 15 will tell us alot, but I wouldn't count on it being anything like the expectations (.30 per share THIS year).
Like I have said in other places, I got an email practically everytime they sold a car or had a conversation about signing up a dealer for Navicom. The earnings? I did not hear a word from them until I wrote to them and asked them a direct question.
(sorry this is long, they are only allowing me 3 posts today-and this is it.)
Trout
Raging Bull site seems not to be working. I have been slamming Scott and this co over there, since the numbers came out, but wanted you to know what IR sent me today--via email:
That sunburst was Not included in the numbers. They would be in the Nov 15 numbers.
As for navicom, that whole segment of the business is worth about what a med priced auto is (30,000).
I still have the feeling that come Nov 15, further disappointment will be all that is available.
Trout
rec a message from IR at Naug:
It said Sunburst not inlcuded in recent financials, would be in numbers released on Nov 15.
Trout