Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually not. I did not have to look up his past. I joined this board right during his Frenzy of great news to post.. wait and see.. then it was that post (880).. So forgive me if I have a semi-photographic memory (would be complete if not for my university years and the amount of drinks to put a wee bit too much light in the dark room).
I didnt have to reference things for more than approx 30 seconds to produce his own words to:
1) submit my defence
2) allow him to show who he is!
Again, what did I do to have him decide to just comment about me?
Thanks Deann.
I was just wondering why he decided to get on my case for an unprovoked attack. I guess it is for the times I questioned his Microsoft comments and the ones about buying and selling NSDM at the best prices.
One more thing Gooddoc.
Your post seems to be questioning my integrity. Why? I have stated my exact beliefs, who I am, links to prove who I am etc.
You have not. So I am not sure why, for no reason, you have decided to make a personal attack other than for me to state that I am not currently invested in NSDM but follow the board.
If there is any question regarding integrity, should all readers (including yourself) look at you. Please refer to post 880. You state there " I will not post on this board again until NSDM closes @ $1.25.". In some sort of pump. You also state in that post that you bought at .01 and sold at .205 when if anyone can see, the lowest pps of this stock when trading under this ownership was .01 on Aug 12th and the highest was .207 on Sept 3rd. How convenient and insightful!
Be honest, you either are telling lies or you have information to have that uncanny ability.. just like the Microsoft purchase at a price that never traded at that level?
All readers who joined after Oct 19th, should read this guy's history. I joined right around that time and my first purchase was over .11 (and I never recovered my investments on this one).
Gooddoc- What are you saying? As always, you are very incoherent. Lets look at it logically. Shaun has floated a stock on Pinks so therefore, he must have a contact with the firm that floated for GPVI. I am thinking of floating a company on the Pinks. I have contacts at the Senior IB level but do not know anyone at firms that arrange floats on the Pinks. I do not know of anyone who has arranged Pink IPOs but if the Shaun Spellicy who is posting here is the one who did the GPVI float, then, I was asking for his contact (as he was obviously successful in his arrangements). Since Walter does not post here (unless that is you?), I could not ask him. I dont know of any other Pink Sheet Co CEO posting on a board that I could ask!
I did get out of NSDM after the announcement of the Tranche. I stated why- that is history.
So what is it to you? Who are you? Secondly, if you post again, you should consider being SOBER at the time as you tend not to make too much sense. JMHO. Maybe, you just did not like it when I noted your impossible Microsoft bumble to prove some of your lies.
Thanks.. I just emailed you Shaun.
Thanks Deann for your help too.
O/T- Shaun,
Could you please let me know what Market maker you used for GPVI to IPO on the pinksheets? I am considering an IPO on the pinksheets and looking for a Market Maker to set up arrangements.
Could you please provide the contact details- ie. email address and phone number/name of your contact there?
Thank you in advance.
O/T- Shaun,
Could you please let me know what Market maker you used for GPVI to IPO on the pinksheets? I am considering an IPO on the pinksheets and looking for a Market Maker to set up arrangements.
Thank you in advance. I will post this on the GPVI Board as well.
Thanks for the compliments Deann.
Let me see...
Last time I checked, I am not nor have I ever held CKMX.. so
no I just proved I am not nuts.. can you say the same????
Translation of Rocks' post...
Holding a shedload of CMKM at a price double the current pps..
This is going to move (has to for me to unload and breakeven).
Please help me. All suckers - oops, I mean investors looking ot make quick money, please buy my shares.
Wolf2...
I continue to monitor and follow the company as there is that element of chance. If something occurs, I would want to know immediately to react. Before, I did that for PRs but that did not generate pps increases (like the announcement of Ukraine diamonds).
You never know and if there is a solid find, then all will benefit who read or post here. I like many ex-holders will not re-enter unless the news is explicit which obviously, I would hope for (but not count on)
I use to always talk about objectivity and utility of information on the boards.. I still stand by that notion and it is discouraging to would-be investors if they see comments pumping unrealistic expecations (like $1 in 2 months without back up info).. just like it works the other way if bashing without evidence prevents buying. Facts are facts. Right now, the market shows that the value probably will not increase dramatically (fast or over an extended period) without real justification. Lets see.
Wolf2
Yes I had purchased on speculation of a pinksheet stock (with a rather large number of shares as a portion of my risk portfolio). However, I did so when certain figures were mis-stated on the NSDM website and this board... Primarily, the outstandings were stated as 40 million shares. So I bought in with expectations that the pps could rise with a fair value (no 5) comparison market cap. However, it did not as soon as the outstandings came out as actually over 600 million shares. I finally exited with the news of a further tranche for funding (which I expect to be more shares released - who knows what the total authorized is?) My expectations were there due to the numerous micro and macro diamonds in the Ukraine and PR to the fact that the company was not a new exploration company but had over 10 years work already done in the Ukraine. Now the focus is as a new company (with regards to Canadian exploration) and Ukraine is out of the equation.
Different investment now then what was portrayed when I got in originally.
Valuation of Exploration Mining Companies...
It has been months since I have posted here. Like others, I have been out but keep tabs. I have been reading posts but wanted to comment. It seems a big debate/discussion concerning the valuation of NSDM is talked about and how this equates to the current and future PPS.
Take a look at this url.. (Exploration Mining Valuations - both projects and companies).
http://www.wmc.com/acrobat/expconf20021201sp.pdf
In particular, refer to slide 9.
I think that most of the posters on this board are trying to use 5) Income Method- Value calculated from likely future cashflows generated from the project.
.. the word here is likely- right now as far as it is noted, there is no "likely" as it is speculation. No firm cash flows so what would you decide as likely here- 10-25% at best.. so this valuation methodology is risky.
I think that Sortagreen attempts to use 4 and sometimes 1..
Tries to compare to other companies total market cap and at what stage of maturity/success/operations. If you use 4) NSDM is overvalued and (I think this is what most investors are using)it continues to remain under .04 for that reason. 1) would be very weak as realistically, NSDM has not spent much money on exploration relative to a $25 million market cap- has it????
- skip 2 and 3 as not relevant..
Therefore, the point here is get educated before dismissing others.. Listen to points and then attempt to perform a valuation as your due dil.. Do you really think that the company is currently worth $25 million- and what are your true expecations that the company will be worth say >$100 million .. that would make pps at approx. 15 cents.. but if there is a new tranche and funding with shares (and no financial statements to view and see total shares authorized or outstanding).. this could be released in new shares - so even still to cover valuation 1) it could mean the dilution of existing share value ..
Sortagreen is only making this a point of discussion and if some of you others don't get that then, you are pretty thick and a fool and their money are soon parted..
I have performed valuations in the past and thought this is a useful tool for some novices..
Best to all...
Just bought in today- Nice PR.. Solid credentials on the CEO. The VC shows guaranteed revenue stream - I see this going over .80 in the short term.
Good luck all. I wish you all well.
I have enjoyed the conversations. If you want to contact me to discuss investments or ask questions etc, please post on the general discussion board at Spinbull.com as I will respond there as you can respond by email (like the private membership here).
I will also be on the IHUB board when I get into other investments that I hold for an extended period and/or want to discuss the industry/ company etc.
As promised, I will not post on the NSDM board. This will be my last one.
I have appreciated the insight provided both on the company and the industry (I was a novice and I am still learning this industry).
Regards,
Edwin
I don't think that the MEAP could be used as collateral as it is a reimbursement on expeditures and not a grant.. Therefore it is not a guaranteed cash stream but a rebate.
The first form of collateral would be fixed assets - which there are not. Second would be a chattel mtg on non-fixed assets (ie. company car, etc).. Others would be receivables, inventory etc..which there are none.
One potential, in this instance, any debt financing could potentially be secured by a personal guarantee by Walter Stunder (pledging his shares and/or personal assets- i.e home etc) or via other inter-related companies. Again, investors of NSDM do not have access to this information so tough call which is why I kept saying that I wanted to see them to make an informed decision on the investment.
Secured credit..? Well a manufacturing firm has raw materials and WIP and manufactured inventory. It also has receivables..
So a secured credit with that type of industry is totally different. The WIP here is still in the ground. No equip assets as they are rented.. The diff is that unsecured common stock holders in manufacturing may get .10 to .60 on the $1 where here you would get zip..
not even worth the paper it is written on. I know- I use to be a corporate banker/lender before going into Investment Banking.
There is a difference - my years of credit training and lending tell me so
Improved intellect? You people are not even listening to people who know what they are talking about.
I stated the key is inter-company financials.. well look at this: (Aug. 2003)
http://www.companyreporter.com/mb/viewmsg.php?ID=1367
"NSDM recently completed the acquisition of three advanced-stage diamond projects in Ukraine through an exchange of assets with Aurora Pacific Consulting & Development, Inc. "
Off the NSDM corporate website:
" In the mid 1990's, diamonds were found in Ukraine by Mr. Stunder. Mr. Stunder raised $450,000 and accomplished all the initial exploration work. "
- That means funds were raised and spent with either Aurora Pacific- but more like Black Sea Minerals.
They raised the same amount of money as before.. To date, no value- Black Sea Minerals website shows raising another $2.5 million for operations- no rev yet? Years later. NSDM following suit-. Asset exchange as above yet supposedly all rights are under personal name? Sorry.. risk. if you call that better intellect you are only kidding yourself if you choose to omit the most important disclosure on the PR.
Spain- I disagree. I would bet that next week it will be sub .04 and probably sub .03
A2- O/T- In reply to your private message. I cant reply as I am not a premium member. It is an interesting stock. I don't know enough about the product. It looks like a good niche and I like the outstanding and the current need to for the split.. Looks like a good move but the financials looks weak currently.
Take a look at the charts..
Sell off volume here. The volume will exceed 10 million in a selloff.. I think that it will continue - not rapid as not that many buyers at this price IMO.
Investors understand this.. I just do not think that it will rebound on PR hype anymore.
mtorian..
Investment banks would be willing to finance not for return on stock but for a fee. That is how they make their money. Maybe a cash fee for the tranche release. They get paid irrespective of the future performance of the company.
Stunder already stated that this would happen: (see interview link Jan 2004 above).
"We get a lot of bang for our buck and we don't have to raise that much money. We are raising money through the normal process of doing private placements, and some of the investors are buying shares."
Answer:
It is new..
These boards (and others with calls to Walter) stated that they had funds for operations.. they clearly do not.
Also, you state that we all knew about the 620 million- sorry- how do we know that it is 620 million- we do not. Just like we clearly knew it was 40 million before..
I am not creating a panic. Just stating my concerns and why I am out.. after today, I wont post here any more. Actually a bank requires financials and clear ownership structure and how they intend to receive income- again. we dont know this..
I was in as it was a good part of my risk portfolio for a return - awaiting prospects of finding diamonds and reporting to move to OTC BB .. too long of a wait, little return..
What would be your rationale for staying? I have explained mine for leaving? I am sure that any rationale that you give can be matched or beaten by another few hundred risky stocks out there (that have also shown greater potential return)..
I dont think so.. if they thought that they were going to not need the financing- ie. finding diamonds, or getting other funding (JV etc).. they would not seek the tranche.. that has to be done through an Inv. bank and fees must already have been paid- sorry.. and how are they paying.. with more shares to the Inv Bank or Cash (if the former then, watering down shares even more)..
Sticking with NSDM-? My concern is the following:
Raise a tranche for value of $1 million. Take a look at reporting companies when they raise a tranche - it not only tells you the value but by what method. ie. Secured debt (can't be bonds as no assets to secure)??????
so it has to be more shares. If the tranche was for shares greater than the current pps (i.e say .08 or .10).. they would tell you that in the PR as it would stimulate the pps to be at par with what other investors value the company at..
As they do not, I am concerned that they raise $1million by releasing another 100 million shares (at .01).. or 1 billion shares at .001- who knows- It is still non reporting.. That is why the financials are important and that is why you want disclosure. Without knowing, I think that it is too risky for me as once disclosure happens, if it is like this above, the pps tanks.. I think it will drop as investors worry about this and unload.
Good luck all...
I have appreciated the comments, hints, and heated debates.
What point 8 indicates to me is that:
- They do not have sufficient funds to continue operations without further financing. i.e no expected revenue or returns through at min. 2005.
- I think that a JV is now off the map for that period as they wouldn't seek this method of funding..
- I am uncertain as to what will be disclosed for the outstanding shares and my concern is that it will come out way in excess. I posted on another board that the price has only cleared .10 once and that was 6 months ago on the understanding that the shares outstanding were approx. 40 million. That is what was disclosed on some message boards and either the NSDM site or Wall st. City- cant remember- That is when I started buying in. Once the 620 million figure came out- it tanked to as low as .03 avg .05-.06.
My concern about releasing shares into the market during the higher price hype has been posted here. Also, I am concerned that this goes the way of like GLBT (IDNW).. announced from 1 bill shares to 20 bill authorized and the price tanks. It does make me question why the delays in reporting and still the other issues about rev recognition and ownership with intercompany financials, receiveables, land rights etc..
As I said, I believe that I can find a better potential return in a shorter time frame on less risk (with disclusure on either financials or at min, contracts for rev).
your welcome.. good luck to all.......
Tranche by a Bond.. means that they are secured creditors before the common shareholders.. hence, devalued share position..
I expect the pps to get wacked today unless I am interpreting something different as it is not completely clear.. When is the tranche at what value equivalent etc..
you got it Pontiac.........
a tranche at what price and how much.. this is what Sortagreen and I were saying regarding increasing the authorized and shares outstanding.. without the financials and fully reporting, we don't know..
Too risky for me to continue.. I can find a better investment with more disclosure..
News out.. see below
Point 8 tells me something..
8. NSDM initially raised $500,000.00 to launch the company. A tranche for $1,000,000.00 is being raised to finance the summer and fall programs. The next two drill programs are fully financed.
Sorry.. that is not good news to me . The price will drop IMO
No bud or Merlot- just a Reisling... We had Salmon
Deak is probably correct-
The pps seems to be able to move on limited vol. Rapid price gains or losses trigger activity from investors looking to get more or dump as well as fence sitters (both non-holders of the stock and investors holding on the stock)...
A bit of hype or concern works as a catalyst to stimulate a reaction. Then if even 5-10 people react- that could be 1-5 million in shares moving right there..
So I believe that there may be some merit to the argument but impossible to prove- we do not have access to that trading info.
dont see it there?
Remember yesterday when I guessed no PR because Devon was not here..
Guess what? It looks like one is now coming? Seems he is back.
The real issue is whether the PR has meat. One 32 oz Steak off of the grill like you get at Times Square..
or one of those processed fast food burgers (or crispy chicken nuggets with too much salt and bad for your health)..
I am leaning on cracking open an nice Merlot or Medoc! Not a Bud! So I am guessing the former this time around..
just a guess. not pumping- but if there was a news conference before, I think that something should be coming out soon.
I already posted about why I thought there was not going to be a PR.
I am sure that one is to be generated; I did not question that one would be coming this week- we tend to have them almost weekly and the speculation from the last one stated that greater content would be coming. I am sure one will come out in due course.
I just noticed the pattern was not the same M.O. !
Pumpers tend to come out more and hype it and that was not happenning on this or other boards. Also, no sign of a Devon Alias.
I had noticed a pattern before that whenever Dan Heilman use to say he was going golfing (and not on the board his usual 24 hrs), the price of the stock would tanks > 10%... It happenned on more than a few occasions (only twice when he went out it didn't deteriorate rapidly). - Like he knew it was about to go down.
I have tried to study patterns in pricing in many ways- Big stocks have patterns with technicals, related/similar stock price swings etc.. These ones seem to have other patterns...
I am thinking no PR because:
1) Used as hype to jack the price or maintain the price. The announcement by some came out at the tail end of the freefall which then sustained the price and rebounded it from .055 back to .06.. This follows the last long hyped PR that drove the pps to .10 .
The only thing is that it may have maintained the price - and vol was enough to generate a further $50k for sellers.
My point is not surrounding the PR. Whether there was one or not/delayed- it just was not played in the tradional way it has lately.
2)Following my prior point, no Devon/Tsmack/Christian.. He wasn't around. That meant something to me anyway.
remember my hint before - watch PRnewswire.com that will show it first if it comes out today
Flawed database with automated feeds.. therefore, where there are incorrect data elements.. it just publishes it.. They do not have analysts who review.
The site looks similar in data structure as Wallstreetcity..
that has never showed market cap or shares outs.. neither has cbs.marketwatch..
so I go along with Prince's idea.. they do not know. Stick with the company website for now.
If I were to place a bet...
I would be that NSDM does not release a PR today?
If they do, then I am wrong.
If no PR by 17:30 EST today.. then I will explain my rationale.
Some of the most effective _ _ s are pre-open.. that is why you see then lined up with a heavy queue at 8:30 am EST..
Also, earnings reports tend to come pre open more than close..
That way you get good runs both during the day and after hours- usually greater excitement and it then can continue in premarket..
If you release after hours, you tend to get just premarket that day and not as much excitement. IMO