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CEO informed me adjustment to 8-K was due to accounting firm changing their mind and not wanting their name mentioned. GRNO's attorney then wrote up language to appease the accounting firm- Knowing full well, GRNO had already begun discussions with a new firm to do AUDITED financials going foward.
The change was more to appease the accounting firm, break off ties with them and make sure everyone including the SEC knew the company was clear in stating the financials were unaudited.
Item 3.1 of November 30, 2010 8-K (prior to adjusted 8-K) states "There is currently a stop warning on the Pink Sheets cite advising that the Company may not be making material information available to the public. The Company is currently working to rectify this situation and will be filing unaudited financial reports for 2009 and is working on audited financial statements for 2010."
Welcome to the AXXE board 'sweeptheleg'. I spoke to management. AXXE was not and has not been in bankruptcy.
New management has come aboard who are very experienced, driven and are backing the company with THEIR OWN MONEY. There were discussions of receivership in the past but the new management has all of the money to pay off all debts. The money is in escrow and is in the process of being sent off to all parties. Pollard and Associates will report full receipt of payment very soon too.
New management backed by no nonsense, wealthy and experienced investors is a good thing.. All of the backers and the new management have a significant amount of money into the company. One of the guys took a 2 cent stock to over $1.00.
Everytime I speak with them they reiterate they are making sure the stock is nice and tight to allow for a sustained move up, with little pullback.
This independent audio analysis of AXXE's stock chart should give more information: ih.advfn.com/videos/stock-chart/axxe-technical-chart-11-30-2010_I9ZTZ6rJGiE
Well said Paula.
Remember the CEO tries to understate figures and is careful not to give solid numbers until financials hit. He tries to becareful not to create potential SEC problems. He has always said, "our investors are smart. They can look at past numbers from our releases and recent financials and then do quickly determine what the numbers should be." He also said, "the real meat which is 2010 will be out soon."
The companies attorney said they have spoken to a new accounting firm which agreed to do the audits. Accounting firm said there should be no problem releasing audits as each quarter is done. CEO should be speaking with the new accounting firm for a second time today or tomorrow. That means they should have the first quarter released by mid January. Accounting firm was referred by the attorney.
I heard, Harbinger should be out Tue or Wed. I heard the info is very helpful. Glad it is finally here! :)
Management stated on the conference call that they will be contacting Pinksheets this week, most likely today in order to update the share structure and address. Current share structure should already be indicated in the 8-K which is on Pinksheets, GRNO website, SEC website and other places as well..
Management said the last few months of 2010 have been strong. They have been working hard to bring in new business. Effort has been successful. Internally, they are now readjusting their estimated year end revenue forecast. I am really looking forward to 2011-- The year of transparency, continued record revenue and expansion. Oil should pass the $100 barrier in 2011.
Well said Paula!
Wyoming is a cash cow as well. They were very fortunate to move into that location.
From what the CEO said, if it makes good financial sense, they will take the mobile processors anywhere in the world. One of many potential clients was in the Mid East. CEO and head of Business Development called him back quickly and e-mailed him.
I am really looking forward to 2011. GRNO is a revenue generating brick and mortar company which is focused on their stock but not reliant on it. Their thought process is fundamentals will lead to strong technicals. CEO stated on conference call, "the only way to do this is to continue to aggressively and wisely build the business while increasing transparency for everyone." He also said "the flow of news will increase now that 1997 through 2009 financials are done and 2010 financials through November and part of December are done and at their office. All they need to do is to pass it off to an auditor to properly put together. They have an auditor that they have contacted and should be working with very soon. Plan is to have it done by mid February at the latest but we will send out each quarter to the public as they are completed."
I would say it is very reasonable to say 2010 revenues will double 2009 revs. According to the CEO 2011 revenues will most likely blow out 2010 revs as well. Based on that, I see $1.8 million in revs for 2010 with as stated by the CEO himself, $4 million in assets owned outright at present. Most of the revenues came from the Montana and Wyoming locations. The CEO said Montana continues to be a cash cow. Location is generating so much oil, companies are willing to pay a high premium to get the slop out off their properties. GRNO then receives additional revenue selling the newly processed oil. Montana runs year around.
Once Texas permits finally are approved, that should be a high performing 24 hour cash cow location as well.
I was told AXXE is getting things in order for the next move in stock, acquisitions and so on. I dont anticipate this quiet period lasting too long. Nice to see the stock holding steady prior to the next move!
NUEC up 6% on above average early morning trading. Investors could have made money on the most recent channeling action.
Yes. They have been working on making the stock freely tradable for the past 45 days. That was a big reason for the stock being quiet. Company getting things setup to make things easier for investors. PR will most likely address new clients, more fleets using the product line and developments with the DOD.
Nice DD luckysdad!
Staying positive is the key to life! COLV should have a lot of things going on right now including Department of Defense testing the product. DOD has over 20,000 trucks and SUV's. Looking forward to a strong 1st half of 2011!
Hi Luckysdad. I spoke to management. Looks like they are looking to get things going again very soon. Silence was due to lining everything up and making sure things work well for the company and stock.
Looks like things are about to move again!
Everyone, this board is for NUEC investors. Lets keep people informed on NUEC. Other stocks can be mentioned outside of this room. I am working on getting helpful/valuable investor information for everyone shortly.
--- [b]May we all have a profitable 2010 and 2011!
Packerjack, I havent heard from you in a while. How are things going over there?
Nice DD Penny Pirate. I will be calling their IR guy or CEO later today. There are some important questions that need to be answered. I like the strong and consistent revenue generation. Clean and Green has been a growing interest among investors for the last 6 months. This is a penny play but I still consider this a diamond in the rough leading to big returns. I will let you know what answers the IR guy or CEO provided as soon as I receive it.
$750,000 looks like low end of contract range. NUEC is saying it could reach $2 million over 12 month period. Business relationship with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") is turning out to be very profitable.
Moondiabolik, NUEC has better fundamentals. NUEC all the way on this one! Buy and hold is would be my strategy heading into 2011.
Agreed Penny Pirate. Contracts are steady and strong. Accumalating would be wise. NUEC should line up brokerage conferences at the start of the new year. Brokers look to buy and hold for 8 to 12 months during the January and February months.
NuEarth Signs $750,000 Agrocultural Modeling Contract With Laboratorio Internazionale Agricoltura, S/p/A
PITTSBURGH, Nov. 29, 2010 /PRNewswire-FirstCall/ -- NuEarth Corporation (Pink Sheets:NUEC.pk - News) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division "TerraSolv SA" has received final approval for another long term contract representing an additional $750,000 laboratory service contract with the Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy.
The continuation of our JV Agreement with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy brings another new laboratory project to TerraSolv. This project is valued currently at more than $750,000 over the three-month work schedule starting in January 2011. However, the contract has provisions that could triple the final contract value to more than $2 million USD over the 12 month life cycle of the contract. "Our state-of-the-art environmental and agricultural modeling programs were critical in the establishment of this long-term relationship; as they provide our clients with real-world data in a real-world setting. We've seen incredible value from the lab. We're taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services," said Levi Modelevi - CEO of NuEarth Corporation, the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $33.2 million over its 3-year existence -- mostly due to the joint venture with Laboratorio Internazionale Agricoltura, S/p/A.
The joint venture will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 325-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
NuEarth is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com.
This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth. Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
Contact:
Investor Relations
c/o: Alfon Rosalini
866-311-6373
Alfon.rosalini@nuearthcorp.com
Yes. Contracts steadilly coming in. Looks like they might hit $14 million revs for year end. Audited financials should blow this stock out of the water.. lol..
The NuEarth Corporation Awarded $300,000 NuSoil-L Contract
PITTSBURGH, Nov. 22, 2010 /PRNewswire/ -- NuEarth Corporation (Pinksheets:NUEC.pk - News) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that it has received final approval on the first large scale contract for NuSoil for a minimum of $300,000 in first year sales with Jasper Agro Development of Bolivia for the usage of the all-natural NuSoil product line.
"This agreement is the first follow-on contract after the successful completion of the onsite laboratory and live field testing for the use of the all natural and biodegradable NuSoil in the Americas as an organic enriched fertilizer. Like all of our contracts, this is a multi-year sales agreement. Our contract with Jasper Agro Development has a minimum first year sales volume of $300,000 with subsequent four (4) years having a similar minimum order with inflation and operational cost increases built into the agreement. The total contract value is worth $1.35 million USD over five years," said Alfon Rosalini, COO of NuEarth.
NuSoil is a non-polluting organic fertilizer technology that has been tested to contribute to successfully reducing greenhouse gas (GHG) emissions. Field-testing has presented evidence that by using NuSoil technologies an average carbon sequestration value of approximately 300 tonnes per hectare, and a CO2 sequestration value of approximately 1100 tonnes per hectare can be produced. This represents approximately a $1,500 per hectare carbon credit benefit to the agricultural land developer. The cost of using NuSoil Technology is estimated at less than $350-400 USD per hectare, giving the agricultural land developer a net $1,100 USD carbon credit benefit per hectare.
The new formula of NuSoil offers customers unparalleled performance and low toxicity in a 100% biodegradable concentrated liquid formula. Extreme NuSoil-L cuts the shipping weight by more than 40% over the original formula, while at the same time providing the same great benefits to the environment and growth cycle as the original. "The new formula will allow us to begin expanding the NuSoil product line into retail sales through national home & garden centers," stated Levi Modelievi, CEO of NuEarth. "We are aggressively expanding into new and highly effective channels of distribution with innovative, proven products that successfully compete with national brands through superior quality and attractive price points. This new formula will greatly reduce our shipping and operating costs for the products giving us a price incentive to the competition in the volume marketplace."
NuSoil® technology is designed to change eroded property to productive land. Application of NuSoil® organic compounds in land reclamation has no limits and can be utilized regardless of composition of the soil. The technology is adaptable to different types of soil and climate. NuSoil® land reclamation technology can convert non-productive soil to productive land by increasing the biological activity and changing the thermal conductivity, and ultimately changing the soil's capacity to retain moisture. NuSoil® technology has been proven under conditions of drought, torrential rains, and hurricanes.
"Our Laboratory staff at TerraSolv have been field-testing NuSoil-L, under real world conditions over the last six months in South America and in Central America in cooperation with the Avalon Group Ltd with dramatic results," said Levi Modelevi, CEO of NuEarth.
TerraSolv is a state-of-the-art development and testing lab, which collects data from clients around the world to run project simulations ranging from usability, capacity, spread and weather modeling testing. The heart of the laboratory is a 230-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.
NuEarth Corporation is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth Corporation and its product offerings visit us on the web at www.nuearthcorp.com
This press release contains forward-looking statements regarding NuEarth Corporation within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth Corporation. Forward-looking statements speak only as of the date on which they are made and NuEarth Corporation undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
Contact:
Investor Relation
c/o: Alfon Rosalini
866-311-6373
Alfon.rosalini@nuearthcorp.com
Optimistic it will soon break 6 cents.
LOL...
Welcome webdmd.. Apparently, three of their product lines are cash cows. Audited financials will really add confidence and buying to the stock.
AXXE breaks through! .0625 x .063
AXXE slowly moving up during the quiet time. Management informed me they are getting things organized for the stock and company. I dont think it will be long before this really moves again. Great run so far. More room to go...
Looking good. 368,000 volume. Up 7%
Well said Penny Pirate. I will be calling management for updates early next week. I will keep you posted!
Value can be found when drops are big! Revs appear to grow which is also a good sign. Awaiting audited financials for complete transparency.
Looks like a record year for NUEC!
NuEarth Signs $1,100,000 Laboratory Contract
PITTSBURGH, Nov. 16, 2010 /PRNewswire/ -- NuEarth Corporation (Pinksheets:NUEC.pk - News) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division "TerraSolv SA" has received final approval for Phase Four of their long term contract representing an additional $1,100,000 laboratory service contract with the Nigerian National Petroleum Corporation (NNPC) and their subsidiary the Integrated Data Services Limited (IDSL).
"The contract will expand on our scientists 12 years of experience in organic chemistry and polymer development. With an expanded state-of-the-art facility now located in the USA to assist clients with research and development services in addition to our own internal R&D, TerraSolv will continue developing complex environmental models for ongoing reclamation projects over the next year for NNPC and IDSL. This contract magnifies the working envelope and capacity of the TerraSolv laboratory by establishing beachheads into numerous secondary industries. The petroleum remediation industry alone is estimated to be $360 billion in size of which $112 billion is estimated to be Design, Analysis, Engineering and Pre-remediation services," said Wolfgang Hunterbok, senior Analyst for TerraSolv.
This continuation of the Five-year contract brings the total revenue from services under this collective contact at more than $11.1 million gross sales to date with an additional $20.1 Million expected over the next Four years.
"Our state-of-the-art environmental modeling programs were critical in the establishment of this long-term relationship; as they provide our clients with real-world data in a real-world setting. As one of the world's largest production companies of petroleum products, NNPC requires a comprehensive analysis tool for their geoscientists and engineers to optimize decision-making. We've seen incredible value from the lab, which has paid for itself several times over in its first few years of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We're taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services. The TerraSolv SA Laboratory has generated more than $33.2 Million over its 3-year existence – Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A, " stated Antonio Mussino, General Manager of IT Services for TerraSolv SA.
TerraSolve SA is a state-of-the-art development and testing lab, which collects data from clients around the world to run project simulations ranging from usability, capacity, spread and weather modeling testing. The laboratory's core platform consists of a 225-gigabyte database of environmental and agricultural project records running on six HP and two Novell servers storing the data and running the modeling software.
NuEarth is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com
This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth. Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
Contact:
Investor Relations
c/o: Alfon Rosalini
866-311-6373
Alfon.rosalini@nuearthcorp.com
LOL.. Impressive run! Welcome to AXXE Dem Franchise... Its quiet today but the stock is VERY tightly held. Management informed me they are aggressively setting things up to get the stock and company to a lot higher levels. I have a feeling this will hit 12 cents within 30 days. No one is selling.
I see an 8 cent bid next week! :)
Good morning everyone! Looking forward to positive news in the coming week!
I called management. They are preparing additional news for the public.
Agreed! Updates should come soon. Any press release regarding DOD will probably be carefully reviewed by the DOD. Reviews probably wont take too long though. Should be a big A LOT of great news for first quarter 2011. 3 cent price is very attractive when looking forward 3 months. Months pass quickly.