is...not in
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I don't know, but if they are trying to get accepted back onto the OTCBB, maybe they have to follow the OTCBB deadlines.
Brad Herrin mentioned a deadline in his post:
1.) Financial Statements - Deadline for WLSA annuals is May 16th with NLI filing first. Quarterly should be done by end of May. Delays were due to John Simmonds surgery, which delayed the hiring of a new CFO.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62718654
There was also the self-imposed deadline for Newlook to have their filings in:
As a result, the Company intends to file its annual audited financial statements and MD&A in the near future, before May 15, 2011.
http://www.marketwire.com/press-release/newlook-fiscal-2010-audit-in-progress-cnsx-nli-1508892.htm
VERY UNPROFESSIONAL!!!
I would LOVE to see management produce some filings by the Monday due-date.
If they can get them posted before the close of business, it'd be a super-bonus!
If the filings don't confirm my fears that we've been had by NLI, it'll be grounds for celebration!!!
If all that happens, $.15-$.20 wouldn't surprise me.
It sounds like you're getting nervous WLSA might be on the precipitous of something huge.
I don't blame you.
I'm sure glad I stayed in and averaged down when I did!
YOU HAVE GOT TO BE KIDDING ME !!! In a stock like ZIPZ, if you don't make money quickly, your investment is GONE! 100% GONE! To illustrate what would happen if you tried to invest long-term, please read my post #10,000!... Better yet, I'll just post the thing again here:
Check out the 5-year chart on pinksheets.com to see the extent of dilution by this company. Suppose someone was unfortunate enough to have invested at the peak price about thee and a half years ago. If that person had invested $60,000,000,000, their shares would have been RS down to a single share worth .0001 dollars today. To have shares today with a value sufficient to cover the $10 commission to sell those shares, they would have needed to invest $6,000,000,000,000,000. I had to google that number to see what it's even called. The number is six quadrillion dollars. To imagine how much money that is. Picture a bundle of a hundred $100 bills. Its worth $10,000 and fits in your pocket.
A hundred such bundles (worth $1,000,000) fits into a grocery bag:
A hundred million dollars will fit on a standard sized pallet:
A billion dollars will fill a one-car garage:
And a trillion dollars is much much more impressive (not shown).
Unfortunately I couldn't find a representation of six quadrillion dollars. But I found what 11 trillion dollars looks like (shown below). Six quadrillion dollars would be over 540 times larger than this pile (notice the littler person on the left). An investment the size of the pile shown below wouldn't be worth even close to enough to cover the cost to sell the shares. It would be worth less than 2-cents today.
( http://www.pagetutor.com/trillion/index.html )
Look, I don't want to suggest that there is zero possibility of a pop with this stock. I just think it's irresponsible for people to spew the type of blind hype that that pizza guy is spewing. I don't know what it is, but something about him and his garbage compels me to offer my own interpretation of the risks associated with this stock.
You should check out the volume activity that proceeded the last RS. The behavior was almost exactly what you are seeing here. PR's followed by a couple million share-buys at the ask, then intermittent days of 100+ million at the bid. #1, #2, #3, #4, RS.
Yes I guess there is always that possibility that management has grown a conscience since the last RS... That they won't screw this round of investors like they've screwed every other round of investors... One can always hope...
Yes, never mind the fact that just last week, there was yet another mass sell-off of 130+ million shares! Just brag about the fact that today's PR brought in 5.8 mil volume worth a WHOPPING $1158.10
Penny stock investments can make you extremely wealthy if you are aware of the top penny stocks for 2011... The following are the best penny stocks for 2011 as per expert opinion:
* SiriusXM
* Cell Therapeutics Inc.
* Sprott Resource Lending Corp
* Anchor Bancorp Wisconsin Inc.
* Manhattan Bridge Capital Inc.
* Euro Solar Parks
* Amico Games Corp
* Sport Endurance Inc.
* Wireless Age Communications Inc.
* Force Fuels Inc.
* Ireland Inc.
* American Wagering Inc.
http://www.buzzle.com/articles/top-penny-stocks-for2011.html
MONTHLY PROGRESS REPORT
1. The issuer is an investment company that presently has one investment under its control, Wireless Age Communications, Inc. (“Wireless Age”). Additionally, the issuer currently owns 10% of Fanotech and plans to control 100% upon receiving shareholders’ approval at an upcoming special shareholders’ meeting. In summary, Newlook owns 35% of Wireless Age and intends to own 100% of Fanotech.
Wireless Age brings together technologies and companies focused on innovative and cutting edge energy and environmental solutions. Business lines range from the marketing and installation of energy efficient household products, to the manufacture, and installation of waste handling and remediation systems, to the design and the development of waste to energy facilities.
Fanotech includes Fanotech Enviro Inc., Fanotech Waste Equipment Inc. and Fanocor Enterprises Inc. Fanotech manufactures a comprehensive line of waste handling products ranging from transfer station compactors, industrial containers, trailers, mobile equipment and garbage disposal bins.
2. On February 18, 2011, the Company executed an addendum to the letter of intent to acquire the Fanotech Manufacturing Group signed on September 20, 2010. The Company had originally agreed to pay $1,000,000 in cash plus a note for approximately $1,800,000 payable over 3 years, subject to requisite approvals. The addendum provided Newlook with immediate ownership of 10% of the Fanotech Manufacturing Group, with the remaining 90% subject to the original terms.
On March 1, 2011, Wireless Age amended the terms of the settlement agreement with the trustee of its former operating subsidiaries by making a payment of $100,000 by March 9, 2011 and agreeing to a series of $50,000 monthly installments commencing on March 31, 2011 towards the remaining balance. Each installment is to be accompanied by interest at 10% per annum on the remaining principal balance, as well as a monthly extension fee beginning at $5,000 at March 1, 2011 and escalating to $15,000 at November 1, 2011. As part of the amended settlement, Newlook provided a guarantee of the $600,000 owing, and the trustee agreed to limit the remaining Wireless Age debt owing to $600,000.
On March 7, 2011, the Company closed a non-brokered private placement in its securities for total proceeds of $1,572,500, from the issuance of 20,966,667 common shares at a price of $0.075 per share. Non-arm’s length parties subscribed to 9,833,334 common shares of the private placement.
On March 29, 2011, the Company’s common shares commenced trading on the Canadian National Stock Exchange (CNSX) at the opening of the market. The Company was delisted from the TSX.V on March 31, 2011 as a result of a voluntary delisting request. As part of the conditions to the CNSX listing, the Company must complete the acquisition of the remaining 90% of the common shares of Fanotech Manufacturing Group that it does not currently own.
During the month of April, Management has been focusing on the restructuring of its financial affairs and has been contemplating changing its business operations in order to continue in the waste-to-energy sector.
14. During the month of March, Newlook Industries Corp. closed a non-brokered private placement in its securities for total proceeds of approximately $1,572,500.
16. The Issuer appointed Robert J. Cariglia as its President and Chief Operating Officer and Michael E. Duffy as Chief Administrative Officer of the Company effective March 30, 2011.
Mark A. Donovan was appointed Chief Financial Officer of the Company. Mr. Donovan's appointment took effect as of May 1, 2011, and he commenced being an onsite, operating C.F.O. immediately.
http://www.cnq.ca/Storage/1359/123730_Form_7_-_NLI_Monthly_Progress_Report_April_2011.pdf
They just had a revers split, reducing the entire public shareholder base to an ownership of 2,000,000 shares. BEFORE TRADING EVEN RESUMED, management had converted a handful of their preferred shares, adding 50,600,000,000 additional shares to the float. It wasn't pretty!
The share structure shown is only the tip of the iceberg. When I last checked, management owned 100,000,000 'preferred' shares, which are immune to reverse splits. Each preferred share can be converted into 250,000 common shares. So, the fully-diluted float is somewhere around 25,000,000,000,000 shares, that puts the current fully-diluted market cap somewhere around 2.5 - 5 billion dollars. Not bad for a company that has only produced a handful of shitty apps!
But wait, there are 800,000,000 authorized preferred shares, so the fully-fully-diluted float is somewhere around 200,000,000,000,000 shares, putting the fully-fully-diluted market cap somewhere around 20-40 billion dollars. Really not bad for a company that has only produced a handful of shitty apps!!!
It seems like this is one of those positions, where it isn't "what he knows", as much as "who he knows". And if he has insider connections with "Government officials", and people in "different levels of government", then I would consider him a great choice. As to whether or not he actually has these connections? Your guess is as good as mine!
I had to double and triple check that thing, to make sure it was actually current news. It's funny how we got news on Mr. Duffy's appointments, before we got news on Mr. Duffy's appointment.
Have you not noticed that almost the entire volume was at .0001? Where I'm from that's called 'dilution', and it's probably not 'good'.
She's up to 12.9, you might have a chance yet to tap that 14'r this week!
(Though somehow, when I mention it, it sounds inappropriate).
Brad, thanks for compiling those sources, I'll try to respond when I have more time.
asdfghj
Wireless Age Communications Inc. Announces Executive Appointment
TORONTO, ONTARIO--(Marketwire - May 5, 2011) -Wireless Age Communications Inc., (PINK SHEETS:WLSA), ("Wireless Age" or "the Company") a public company, with its operational headquarters located in King City, Ontario is pleased to announce that Vertility Corporation has appointed Mr. Michael E. Duffy as Chief Administrative Officer of the Company.
Mr. Duffy has over thirty-five year's Senior Executive experience in The Executive Placement Business. Mr. Duffy has placed many Senior Executives throughout his career, most significantly over 250 CEO's. He also brings a wealth of Third Sector (Charitable and Not-For-Profit Organizations) experience (over 30 years) as a Senior Board Member and Board President and Chair, primarily with Private Educational Institutions.
Mr. Duffy, in his role as Chief Administrative Officer, will be to act as the "public face" of Vertility. His mandate is to meet and lobby both Elected and Senior Government officials on behalf of Vertility Corporation. His primary duties include introducing our products and services as well as key personnel from our different companies to different levels of government. Mr. Duffy's other responsibilities will encompass being present at Government Public Awareness Functions (All levels), appropriate Charitable Events, Industry Expositions and other public and private events as they arise. Mr. Duffy's positive reputation and professionalism combined with Vertility's array of "top drawer" companies, products and highly skilled and rated CEO's and Executives give Vertility the first rate Public Image we have cultivated within the Vertility conglomerate.
Mr. Duffy has received a number of awards for his work during the years and most significantly was bestowed "The Order of St. Michael" in 1997. His work in both the Private and Third Sector is outstanding and respected and this reputation he brings to our group of companies. We are pleased to welcome Mr. Duffy to our Organization.
http://www.marketwire.com/press-release/wireless-age-communications-inc-announces-executive-appointment-pink-sheets-wlsa-1510844.htm
I'm not encouraged by the fact that JS isn't planning on announcing the NLI-WLSA debt settling using a PR. If there was going to be a fair exchange, I suspect he would have wanted to brag about it. By the fact that he plans on hiding the settlement within the depths of the annual paperwork, makes me think we won't be getting much. I find this extremely unfortunate in terms of fairness, and in terms of investor sentiment that will result from his decision. People here are complaining about the 20 million shares of dilution, well this is something he could immediately remedy through a fair compensation by NLI. At the very least, Newlook should be willing to issue WLSA a significant chunk of NLI shares as compensation. Especially considering the premium prices JS had WLSA pay NLI for the shares we originally purchased from them. I don't remember the numbers off hand, but I feel like we paid as much (if not more) for the handful of NLI shares we received, then they every paid for the 30+ million shares they got from us. I find it disgusting that there is no one working on our behalf to get what is owed to us!
Enwise Becomes An ENERGY STAR Participant
Enwise Home Services Added To List Energy Conscious Providers.
Enwise Home Services Inc. (Enwise) is proud to announce it has been accepted as a participant of the ENERGY STAR® program in Canada. As part of their mandate, Enwise offers homeowners across Ontario affordable options for upgrading to the best quality and energy efficient space heating, cooling and water heating systems.
About ENERGY STAR in Canada
* ENERGY STAR is an international symbol of energy efficiency. The ENERGY STAR symbol helps consumers quickly and easily identify major appliances and other energy-using equipment that save energy.
* ENERGY STAR identifies products as the top high efficiency performer in their category.
* ENERGY STAR is a dynamic government/industry partnership that makes it easy for businesses and consumers to save money and protect the environment.
http://www.enwisehomeservices.com/announcements/enwise-becomes-energy-star-participant-member
Even as we speak, management is defaulting on their promise to offer an insignificant amount of compensation to people invested before the last RS (just as they did to all their previous investors before all their previous RS). If management ever decides to follow through on this tiny token of investor appreciation, I will take back everything I've said about them and refrain from any further posts.
ib12u's signature says it nicely: "I don’t mind losing in stocks that died TRYING, but I DO mind losing in stocks that died LYING"
Management has done everything in their power to minimize their investors' profits.
I intend to put at least some energy into minimizing management's profits as they attempt to cash out!
"WEATHER THEY DO THE RT THING WITH IT OR NOT THATS TO BE DETERMINED"???
No, "weather they do the rt thing with it or not"... That's BEEN determined!
Before the last RS, it could have been argued that the company was selling shares to "raise capital" because the shares being sold were being issued directly by the company, with proceeds going to the company.
But, this time around (for the first time on such a large scale), all indications suggest that the shares being sold, are management's personal holdings. They don't seem to be "raising capital", they seem to be cashing out!
This, in my opinion, is not a good sign, not a good sign at all, and if I were to gamble on a pinky, I would probably choose one that didn't have SO MANY RED FLAGS.
What positive do you see, that could possibly offset all the incredible negatives?
"ZIPZ HAS PLENTY OF GOOD STUFF HAPPENING"???
Good, I'm anxiously awaiting you explanation as to exactly what you think is happening.
I'm also anxiously awaiting your explanation as to why you aren't worried about management's apparent decision to convert around 200,000 of their preferred shares (which they purchased for around $20,000) into 50,000,000,000 common shares, which they seem to be dumping into the float as we speak.
Why don't you earn you keep and actually post something informative. All you do is hype. Please tell us why a company, which has done nothing but dilute and repeatedly reverse split for the past four years is a good investment. Please fill us in on all the fabulous DD you have completed. Please educate us.
Thanks for taking the time to do all this. You've already outdone both our PR firms. It'll be interesting to see how closely this matches with reality. If JS is being realistic with his predictions, we should be in very good shape. I'm really hope that isn't too big an 'if'.
I think you addressed all the questions I had. The only other question I remember coming up, was whether or not JS expects to have to increase the authorized float to handle upcoming acquisitions and financing.
"They arent going to do a R/S"???
In fact, the company issued a PR saying exactly that... RIGHT BEFORE THEIR LAST RS!
http://ih.advfn.com/p.php?pid=nmona&article=44321913
"They arent going to do a R/S"???
Yeah, that's what everyone said right before the last four (4) RS's.
Any runs that are bought using paid pumpers are probably not going to be sustainable runs... Just be aware of that fact if you are lucky enough to ever see a run here. I hope you have at least done enough DD to recognize, that over the past three years, there has only been massive dilution, with very few 'runs'.
The paid pumpers should also be seen as a sign that things are not as good as they might appear.
Strangely, that particular PR seems to have been lost from several news providers. It was even posted on investorshub when it first came out... now... nothing.
That's interesting. I didn't know that WLSA has a due date of May 15. That seems to explain why Newlook chose that date to release theirs too. This may have been a strategic move. I guess we'll have to wait and see.
I'm sorry, but until recently, NLI's filings have provided more insight into the workings of WLSA, than anything else.
I don't think I am too out of place in posting updates on that company here, and I will continue to do so.
Don't worry, in all likelihood, when it comes to this party, the later you are, the better off you'll be.
Before diving in, make sure you do your DD... Particularly, you should look into the number of shares management has issued themselves at prices 1000s of times cheaper than what you are paying right now. You should also look into how many of those shares are currently on sale right now for purchase by unsuspecting folks like yourselves.
I guess May 15th isn't too bad, if they can get things together by then.
I still want to know what the expected timeline for our filings is!
!!!!!!!!!!!!!!!YOU HAVE GOT TO BE KIDDING ME!!!!!!!!!!!!!!!!
!!!! WHAT THE HELL IS WRONG WITH THESE PEOPLE !!!!
(Marketwire) -- 05/02/11 -- Newlook Industries Corp. ("Newlook" or the "Company) (CNSX: NLI) announces that it will be late in filing its annual financial statements and management, discussion and analysis (MD&A) for the year ending December 31, 2010.
The Company will make an application with the applicable securities regulators under National Policy 12-203 ("NP 12-203") requesting that a management cease trade order be imposed in respect of this late filing rather than an issuer cease trade order, but there is no assurance that it will be granted.
Newlook's auditors, Deloitte LLP are currently completing their field work and require additional time to complete their processes. As a result, the Company intends to file its annual audited financial statements and MD&A in the near future, before May 15, 2011.
The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases as long as it remains in default of the filing requirements to file its financial statements and MD&A within the prescribed period of time. Newlook is not subject to any insolvency proceedings at the present time. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.
http://ih.advfn.com/p.php?pid=nmona&article=47496085&symbol=NLI
If anyone expects to be in town 192 days, 16 hours, 33 minutes, and 57 seconds from now, they should check out Fanotech's exhibit at CWRE 2011 in Montreal.
http://twitter.com/#!/CWRExpo/status/57567815451947008
http://www.cwre.ca/
Do we own the entire Enwise company?
The impression I got from the original PRs was that we bought certain assets from Enwise at auction (i.e. EnWise Power Solutions: The home product people), but that we were denied our request to buy rights to the other part of their business (i.e. Enwise Building Sciences: The home audit people).
However... I found myself lurking on a Canadian bargain hunting site, and someone claiming to be an Enwise employee mentioned: "EnWise is not moving or closing its doors. It has simply amalgamated two of its companies (EnWise Building Science Inc & EnWise Power Solutions Inc) into one company. We are still open for business and will continue to stay open even after the program is over." http://forums.redflagdeals.com/energy-audits-evaluations-867328/3/#post12423239
I tried to get the guy to elaborate, but he didn't respond, and has subsequently disappeared from that site. So, naturally, I assumed that Enwise was simply trying to pull something over on us by continuing to sell Home Power Solutions products under their Building Science business front.
But I just noticed that the contact information on the Building Science website is the same contact information that's on our Home Service site, suggesting that maybe the companies "amalgamated" into the one company belonging to us.
http://www.enwisebuildingscience.com/contact/contact.aspx
http://www.enwisehomeservices.com/ContactUs
Which leads me to ask the question:
Do we own the entire Enwise company?