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Look at a chart, it's tanking time.
Nahh, it doesn't look so good. I'll wait for cheaper.
.009 might end up being too expensive. .0001 will be a good price.
Very interesting post:
http://www.investorshub.com/boards/read_msg.asp?message_id=5612698
Posted by: lancebps
In reply to: None Date:3/3/2005 7:34:02 AM
Post #of 64662
17 TRILLION DOLLARS IS EXPECTED IN NAKED SHORTING..
glad our s.e.c is worried about those pumpers....
read the article on how over 7500 companies have
gone bankrupt in the last few years that had major
naked shorts in their stock...
we should call the s.e.c a subsidiary of the naked
shorts inc company.....keep protecting the investors...
which one do you think investors get hurt more on,a pump
or a naked short that continues to pile up and pile up...
every single company that does pipe funding immediately gets shorted,great business investment but the big firms get more money while the investor gets shafted.....
IF YOU WANT TO PROTECT OTC INVESTORS THAN YOU NEED TO HAVE FULL DISCLOSURE OF SHORT POSITION POSTED ACCURATELY....
but lets get those pumpers...
i will say it again,PUMPERS cause naked shorts aggrevation and more work and sometimes even loses and than they get the subsidiary to go after them so it does not happen again..PERIOD...
Bingo!
Looks like a buy at .0001
OSFT Nice news. Moving.
Nice person.
NMCX
By: brokefool on RB
02 Mar 2005, 04:56 PM EST
Msg. 27418 of 27457
Jump to msg. #
Just spoke with Madeline Franco...
Hi guys, today I became an investor in this company by purchasing 1 million shares. I seen the news about the 500 million order and I took it upon myself to call the company and ask some questions.
As per Madeline Franco, she stated that the company is pushing to have the audited Financials out by April 14th, 2005.
Also, Ms Franco stated that on March 31st they will start to receive the down payment for the 500 million dollar order.
Sorry if this is old news but I just thought I share what she told me.
GLTA
So don't invest in NMCX and move your scrawny basher azz outta here!
Looks like another case they'll lose...only this one will really cost.
If they don't file
The pps could drop back to pre rally levels .07
The company has not givin the public a clue as to what
is going on for some time.
'E' coming?
Tony Hedge Fund Runs Aground
Palm Beach's Wealthiest Invested
In KL Financial, but Money Is Gone;
Talk of the Country Club Crowd
By ROBERT FRANK
Staff Reporter of THE WALL STREET JOURNAL
March 2, 2005; Page C1
PALM BEACH, Fla. – A hedge fund that counted some of Palm Beach's richest residents as investors has shut down amid an investigation by the Securities and Exchange Commission and the Justice Department.
The hedge fund, called KL Financial Group, had assets of more than $200 million. It has told investors that it ran out of funds because of heavy trading losses, according to attorneys and clients involved in the fund. The SEC plans to file a temporary restraining order this week to freeze any assets left in the fund, according to people familiar with the investigation.
Officials from the Federal Bureau of Investigation started combing the company's West Palm Beach, Fla., headquarters this week to investigate whether any of the funds were improperly siphoned from the fund for personal gain.
Hedge funds have soared in popularity with wealthy and institutional investors. The explosion of new funds has attracted billions of dollars, and with lots of money chasing similar themes, making money has gotten tougher. As a result, many funds have borrowed heavily to leverage their bets in a bid to increase their returns. Others have taken on more risk or drifted from the strategies they vowed to follow for investors. The result: Some funds have stumbled in recent months.
KL has kicked up a storm in Palm Beach, the plush beach retreat for some of America's richest families. The blowup was the talk of the lunchtime crowd at the Palm Beach Country Club, which counts some of the island's newer wealthy and aggressive investors as members.
"A lot of people in this town lost serious money," says Gary A. Klein, a Boca Raton attorney who represents 20 KL investors with between $15 million and $20 million in the fund.
At least one investor in the fund lost $25 million, while another lost $12 million, according to people close to the investigation. At least three professional golfers were investors in the fund, although their names weren't made available, these people say. The fund was run by John Kim, a Korean trader who founded the firm in the mid-1990s in California, according to Mr. Klein. Mr. Kim, who lives in Jupiter, Fla., couldn't be reached to comment yesterday.
One of the fund's partners was Ron Kochman, a trust and estates attorney in Palm Beach who steered clients to the fund. Mr. Kochman also invested in the fund. "I'm going through a very tough time, Mr. Kochman said. "My clients and I have lost everything."
Mr. Klein and other investors say Mr. Kim has been meeting with clients at his home to try to assure them that he will try to get their money back. Mr. Kim has also asked the investors for further funding to start a new fund to make back the losses, Mr. Klein and others say.
KL's offices, eight floors above Mr. Kochman's law practice in a tony office tower in West Palm Beach, were closed yesterday and visitors weren't allowed onto the floor. KL had 30 traders at its offices, as well as support staff. It is unclear when the investigation started. But last week, SEC officials visited KL's offices and started gathering records. FBI officials visited the offices Monday and officials were continuing to comb the office for information yesterday, according to Mr. Klein and officials at the office building.
Mr. Kim was a charismatic stock trader who impressed investors with his energy and bold market predictions, according to Mr. Klein, who used to work in the enforcement division of the SEC, and several KL investors. After founding the firm in California in the mid-1990s, Mr. Kim later moved KL's headquarters to Palm Beach.
Mr. Kim often invited prospective investors to watch him trade stocks on his bank of computer screens. Many clients observed Mr. Kim rack up gains of $1 million on his screen in a single morning, Mr. Klein and others say. They were also attracted by the fund's oversize returns: Last year it told investors it earned a return of 40%, after earning 70% in 2003.
Last year, the fund launched a new fund called Ursa Major, or "the Great Bear" fund, which was betting on a decline in the U.S. stock market. During a presentation to Palm Beach investors in June, Mr. Kim said the fund would take advantage of a predicted "violent downward movement in the equities market in a short period." The Dow Jones Industrial Average has risen 3.8% since June 30.
Mr. Kochman, who handles estate planning for some of Palm Beach's richest clients, was brought on as a partner and used his connections to steer Palm Beach's wealthy into the fund. Mr. Kochman says he did steer clients into the fund, but he declined to elaborate.
Mr. Kochman, 53, co-founded the law firm Kochman, Braun & Ziska in 1999. Aside from handling trust and estate planning, Mr. Kochman also has done legal work on several large real-estate deals in Palm Beach, including the sale of the Kennedy estate to New York banker John K. Castle in 1995. According to Florida bar rules, Mr. Kochman isn't permitted to steer clients into an investment in which he is a partner without disclosing his interests in writing. It is unknown whether Mr. Kochman made that disclosure and Mr. Kochman wouldn't comment on the issue.
Write to Robert Frank at robert.frank@wsj.com
Rules also apply for NMCX I'm sure:
Rules of the Board (Incorporated 5/22/04)
1. Personal attacks or threats will not be tolerated
2. This board was intended to be an alternative to the nonsense of the RB Boards (and others), any posting that threatens the integrity of the board will be removed.
3. WE WILL NOT ALLOW BASHING IN ANY WAY.
4. Any issues with other posters should be taken care of through private messages.
Trading on the otc by June.
Wasn't this the test they promised PP (among other stuff)? CytoGenix Announces Results of Simplivir CY301 Herpes Cream Pre-Clinical Animal Study
EZTO/NMCX very nice.
Gump-lover. LOL
You have nothing to base that on, basher.
Get lost, basher.
I don't think people know yet how big this is.
NMCX - NEWS
NMC Inc. Makes Third-Party Assays and Valuation Report Available on Its Web Site at www.nmcinc.com
Tuesday March 1, 10:00 pm ET
LAS VEGAS--(BUSINESS WIRE)--March 1, 2005--NMC Inc. (Pink Sheets: NMCX - News) today announced the availability on its Web site (www.nmcinc.com) of assays and valuation reports pertaining to its Arizona, California and Nevada properties. In making the assays and valuation reports available, the company provided a brief explanation of the history, purpose and methodology for assays used to determine the composition of its ore. All assays and valuations pertain to the company's ore in its present form.
ADVERTISEMENT
Over the past 10 years, NMC Inc. has commissioned literally hundreds of assay reports for its three properties located in Arizona, California and Nevada. These assays have been preformed by independent third-party assayers. Reports have been used for a variety of purposes as part of the company's pre-purchase due diligence to provide a reasonable representation of the material, the overall valuation of the ore, the quantity of precious metals at different stages of production, litigation support, and equipment testing and calibration.
There are numerous assay methods for determining the existence of precious metals in any particular sample of ore, with some methods more suitable than others for recognizing certain types of minerals. As an example, assay for a complex ore such as the Platinum Group Metals (PGMs) is conducted differently from single-element assays. This is why assayers offer a variety of assay protocols.
Sample preparation will affect the quality of an assay. An insufficient or improper sample preparation renders improper results. The process of dissolving the sample and the effective separation and detection methods are critical in the analysis of precious metals.
For the evaluation of its ores, the company has adopted an assay procedure used by the third-party independent assayers. This is not a "proprietary" method, nor is it a "secret" method. The sample is pulverized to a -200 to 400 mesh (as a reference, common talcum powder is approximately -300 mesh). It is then placed in nitric acid and simmered at 205 degrees for 4 hours.
Next, hydrochloric acid is added at a ratio of 3 parts of hydrochloric acid to 1 part of nitric acid forming an aqua regia solution. This is simmered at 205 degrees for 20 hours. The result is that the sample is totally dissolved in 24 hours at 205 degrees. The solution is diluted with deionized water and placed in a high-resolution Inductive Coupled Plasma Spectrometer (ICP). The company owns two high-resolution ICPs, namely, a Leeman PS-1000 and a Leeman High Profile Plus. Each ICP can analyze 64 elements at the same time. Also, a high-resolution ICP has more clearly defined wavelengths and more separation between and among wavelengths for clearer identification of elements.
In the ICP, a controlled plasma flame is created by argon gas. The elements present in the sample are ionized and emit identifiable wavelengths. Great care must be exercised in identifying a particular wavelength representative of a specific element. Also, given the multiple-element nature of the sample, care is required to eliminate those wavelengths that may interfere with an accurate reading. There are virtually thousands of possible wavelength combinations. Each element has 20 to 40 wavelengths. The Leeman High Profile Plus has approximately 2,000 wavelengths pre-programmed and has additional wavelength capacity. The selection of appropriate wavelengths is both a science and an art.
To assist in the interpretive process, the U.S. Department of Commerce, Institute for Basic Standards, National Bureau of Standards, has published and adopted the "NBS Tables of Spectral-Line Intensities" as the source for the wavelength values of elements.
In addition to the above, the assayers used, and the company has adopted, a fire assay approach. The sample is pulverized to -200 to 400 mesh. It is then mixed with a standard flux including borax, flour, feldspar, silica and a "collector" of tin or nickel. It is then heated to a temperature of 2,950 degrees for 40 minutes and a bead is formed. This bead sample is prepared as stated above and placed in the ICP for analysis.
Management of the company emphasized that when reviewing its assays, it is useful to keep in mind that, by the very nature of the earth's crust, each sample will vary in the elements contained. The material is not homogenous. That is the reason that samples are taken from numerous locations on each of the three properties. Samples also have been mixed together from different locations on the same property to develop composite assays.
NOTE: To convert parts per million (PPM) to ounces per ton (OZ/ton), multiply PPM by .02917. (PPM x .02197 = OZ/ton).
NMC Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns seven mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the company as of the date of this news release, and the company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, U.S. and foreign currency fluctuations, changes in environmental and mining regulations, delays in obtaining regulatory approvals, costs associated with processing ore concentrates, fluctuation in precious metals markets, general economic and business conditions, litigation and other factors. All subsequent forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC Inc. assumes no obligation to update or disclose revisions to such estimates.
--------------------------------------------------------------------------------
Contact:
Jordan Richard Assoc. LLC
Madeleine Franco, 801-463-0300
ir@nmcinc.com
EZTO Maybe they have some really good news in the pipe?
Basher sounds a bit too much worried! LOL
Mach..it ain't stopping..lol
EZTO new hod.
EZTO might do a gapper if buying is strong at the close.
If I had to choose between a 500 Million and a 50 Million float, then suddenly float matters to me (short or long term).
EZTO..wow!
It's the float that matters.
Thanks bud.
Mach, am I right that EZTO is still expecting a PR this week?
http://www.investorshub.com/boards/read_msg.asp?message_id=5542381
NMCX - Big Institutional Investor, Churchill Management bought 21 million shares of NMCX in Dec, 2004.
http://www.nasdaq.com/asp/Holdings.asp?symbol=NMCX&selected=NMCX&page=holdingssummary
People saying news next week.
More paranoid?? LOLOLOL!
Paranoid? ROTFL!!
Knight Trading Group Completes Sale of Derivative Markets Business to Citigroup For Approximately $237 Million in Cash
http://biz.yahoo.com/prnews/041210/nyf014_1.html
http://news.surfwax.com/biz/files/Knight_Trading_Group.html
OT Please go to a grocer far far away!
Cool, cause that happened. Fingers crossed next week's will be a rocket launcher!