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LGBS should engage IR/PR group to get the word out!
Thought we would see 9 yesterday!
Predators! Should be illegal!
Very True!! Nothing but the facts! :)
Just got in! Looking good!
Rumor has it that the CEO is going on a road show to Broker Dealers. Anyone else hear this?
Needs to so they can get off of the bottom!! Will keep an eye on this one.
I am going to get one of those Solar Palapa's. Great idea!
Bring it on! Let's push this through!
Ouch! We are going to wrong way guys!!!
Some good stuff since you were gone! They are following a plan and as far as I can see, nothing is stopping them from completing. Exciting to see on the penny's!
Nice job on the IHub Company info! Great to see the BOD pic's, some very impressive talent here!
lol! I'll have one with you! :)
The plan start date was July 15, 2014 with ultimate ratification at the next Annual Shareholders Meeting. (the plan is already in effect at 50mm shares).
Appendix A
3.10 If any reorganization, recapitalization, reclassification, stock split-up, stock dividend, or consolidation of shares of Stock, merger or consolidation of the Company or its Subsidiaries......
This means if the R/S is authorized at the Shareholders Meeting, then the 50mm shares allocated for the plan would also be subject to the R/S.
Need to read in various sections, the Plan would be subject to the R/S if it is approved.
Don't think it is undervalued yet, but it will be once they carry out the business plan this year!
Hope so! Let's rally here!
I am also, Like Warren Buffett does when others are selling! adding to my position. :)
Hey chiv,
If they are used for acquisitions which I suspect, it is a good thing. This means they are adding value in revenue and earnings. This would have an exponential growth effect on all shares by a multiplier of 15 to 20 times.
Exactly, will follow your lead goose!
We have a long way to go to hit 30's
I thought about the R/S all weekend and was not bothered by the size, the only thing that I was concerned about was the authorized. Now I put myself in the Companies shoes going out and making new acquisitions, then it all started to make sense.
If they are looking at some large acquisition candidates, $65-$100 Million in revenues, what are they going to use for the purchase? Company equity.
The equity used for the purchase should be offset by the revenues added to NASV. In fact, would add 15 to 20 times multiples in value to the Shareholders. This is done all the time with larger Companies.
It's all good! Just have to trust that Management knows what they are doing and I have yet to doubt them.
$10 Million Financing with Wellington Shields backing their move to up list to NYSE! Has anyone ever seen a Company perform like this before on the pennies?? Not me! Scratching my head!!!
Yes I would like more details from the Board as well. I know this move is for the up listing, what is the plan with 75mm authorized? Are these just hanging out there for future acquisitions?
Agreed, not going anywhere just frustrated! :)
The only way this will harm anyone is by selling! I have thought about this all weekend and have come to the realization that this is a good idea. With the PPS above $5.00 this opens the door for institutional investors who probably have mandates by their management not to recommend or buy shares of Companies under $1 to $2.00. This means we could see a whole new class of Investors in here and the true valuation of NAS will be realized as the MM wont be able to manipulate anymore! Just my thoughts for what it is worth!
No problem WH, appreciate your opinions, still think this is a good Company and trust Management knows what they are doing, I just need to settle down and take this all in.
I too was in shock initially, but after thinking about it given all of the positive news this year and the price keeps eroding every day, can understand the over reaction by the Company having to meet a $3.00 price threshold on NYSE if that is where they are heading. I am more interested in the authorized amount.
It's like they are hitting the reset button with the R/S!! If they are used for acquisitions and held in restricted, fine! They need to answer the questions!
Average down to what? This one is heading for the cellar!
This exact scenario is happening to one of my other stocks, NASV, they are generating $43million is gross revenues and $9 million in net and they are trading at $.03 with 261 million in the float! Being held down by Market Makers. Should be illegal.
Agreed, am frustrated here! Market Makers should be illegal! They ruin so many good Companies on the OTC, that is why they eventually get tired of the bs and move onto a big board if they can, no manipulation.
I am in with over 6 million, let's rock this thing!
Right on Goose!! Total manipulation!!
I am not upset at the RS either, Hogan is right about the authorized, that is the real issue!
I knew this was coming, and with the lack of appreciation for current intrinsic valuation, was not surprised. Didn't realize it would be so large but guess if I am in the Companies shoes, these guys are doing whatever it takes. Not going anywhere myself, this is getting interesting!
Yes one and the same! AMEX is now NYSE
Yes I am sure WS has great influence on helping them up list. I really like what Bob said in the PR:
"It is very exciting times for NAS as we make preparations to move from OTCQB to the AMEX. The benefits to the Company and our Shareholders will realize a much better alignment of our valuation to our share price, and gives greater exposure and accessibility to the investment community who cannot trade our equity right now because of existing restrictions.
They have been way undervalued for months and I am sure this is the right move! Out of all the stocks I follow, this one acts like Big Board Material.
Your right! Have no doubt about it! It is not a matter of if they move to NYSE but when, and it sounds like it will be by the end of the year! These guys are go getters!!!
:) Your right! Good to see they are getting off of this exchange! The price is being held down here! That won't happen on NYSE.
What did I miss?? Was out for a few days! They are starting the up listing to NYSE!! Great news!