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Definitely a subber to watch.
Volume, Volume and Volume chart. Watch the times and sales and minimize it and look at the EOD. Unordinary volume and lots of it on the ask.
Still in at .0003 and thinking it is ready to go!!!
Anything happen today to cause this?
Been working all day and I see no news?
TIA
WOW EOM
(OTCBB: UNTF 3.26 x 4.14) issued a Press Release announcing the closing of a share exchange transaction which resulted in the parent company of Wuhan Blower Co., Ltd., a manufacturing company located in the People's Republic of China, going public by succeeding to UNTF's public company status. UNTF will change its name to Wuhan General Group (China), Inc. and intends to apply for listing on NASDAQ in the near future. Wuhan Blower is a China-based manufacturer of industrial blowers that are components of steam driven electrical power generation plants. Through its Wuhan Generating Equipment subsidiary, Wuhan Blower also manufactures industrial steam and water turbines, also used principally in electrical power generation plants. The company operates from a large, new headquarters and manufacturing facility in a campus setting in the Eastlake New Technology Development Zone in Wuhan and operates sales offices in six cities in China.. For the nine months ended September 30, 2006 Wuhan Blower had consolidated net sales of approximately $11.6 million and consolidated net income of approximately $2.9 million.
A freakin short if I ever saw one!
NAVISTAR INTL CP (NYSE:NAV) Delayed quote data
After Hours: 43.20 3.54 (7.57%) as of 7:56pm ET on 02/06/07
Most likely will be a gigantic buying oppurtunity for a long in the near future, as for now an excellent short oppurtunity. IMO
Transfer agent states OS is indeed 11,190,650. Also just over 50% of OS is held by affiliates of Mr. Carl C Icahn. The remaining shares are float. So the info in the IBOX is correct.
As of September 30, 2006, the Company had 72,103,686 shares of its $0.001 par value common stock outstanding.
This can't be right, can it?
Unreal, can't wait to see what happens Monday and I don't even have a single freakin share either.
Volume 500? and PPS goes to da moon? WOWSAAA
NEGI is now a shell. With cash balance of 40-47 million after income tax and dividend distribution,(second hand info says CEO stated 50 million). Company is debt free as well. Currently trading at 6.35. Dividend is 3.31, so if divi was paid tommorrow it would open around 3 bucks. Cash value alone says it would be worth about 4 bucks.
"Following the consummation of the transactions contemplated by the NEG Oil & Gas Agreement and the SandRidge Energy Agreement,
NEGI now constitutes a “shell company” within the meaning of Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)." Excerpt from 8-k November 28, 2006.
http://www.negx.com/images/Form8-K%2011-28-06.pdf
Thoughts?
Looking through the 8-K now.
Excerpts of interest concerning share structure.
"We plan to amend our articles of incorporation to (i) change our name to Sutor Technology Group Limited, (ii) increase the number of our authorized shares of common stock from 100 million to 500 million and (iii) effect a 1-for-10 reverse split of common stock. Such amendment is expected to become effective in or about March 2007 and is hereinafter referred to as the “Amendment to the Articles.”"
"Series A Voting Convertible Preferred Stock
As of February 1, 2007, we have 155,122 shares of Series A Voting Convertible Preferred Stock issued and outstanding, which are owned by HFI, Heritage Management Consultants, Inc., Ye Zhong and Jingshi Cai. Each share of Series A Voting Convertible Preferred Stock is entitled to 98 votes and can be converted into 98 shares of our common stock. We expect that the 155,122 shares of Series A Voting Convertible Preferred Stock will be converted into 15,201,956 shares of our common stock and be reduced to 1,520,195.6 shares of common stock upon the effectiveness of a 1-for-10 reverse stock split which is expect to occur immediately following the Amendment of the Articles in or about March 2007. The issuance of preferred stock while providing desirable flexibility in connection with possible acquisitions and other corporate purposes could have the effect of making it more difficult for a third party to acquire, or of discouraging a third party from acquiring, a majority of our outstanding voting stock.
Series B Voting Convertible Preferred Stock
On February 1, 2007, in connection with the reverse acquisition of Sutor Steel Technology Co., Ltd., we issued 323,380.52 shares of our Series B Voting Convertible Preferred Stock to holders of capital stock of Sutor Steel Technology Co., Ltd. in exchange for all issued and outstanding share of capital stock of Sutor Steel Technology Co., Ltd. On February 1, 2007, we also completed a private placement pursuant to which we issued and sold to certain accredited investors 39,473.68 shares of our Series B Voting Convertible Preferred Stock for $12 million. As a result, on February 1, 2007, we have 362,854.20 shares of Series B Voting Convertible Preferred Stock issued and outstanding."
I do not think the Series B shares are convertible into common stock.
Sutor Steel as of Sept. 30, 2006
Total Current Assets
74,016,992
TOTAL ASSETS
119,597,559
Total Liabilities
61,662,816
TOTAL LIABILITES AND STOCKHOLDERS' EQUITY
119,597,559 (retained earnings 29,734,125)
Gross Profit
15,937,754
Net Income
11,528,200
Diluted Earnings (Loss) per Common Share
0.36
Weighted-Average Diluted Common Shares outstanding
32,338,052
Comprehensive Income
12,968,346 (Net income plus foreign currency translation adjustment)
This is an enormous document.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-07-005067&Type=HTML
I have no idea what the PPS will do in the future.
Yahoo finance says float is 150,000?
Wow, more than the float traded in one day!
Already done that, beat ya to it. LOL
See my message 24 and previous ones. I thought this was a strong possibility.
Read this
I have been looking at the recent 8-k's and realized that this company is technically classified as a shell. A shell that has alot of cash. It just became that way very late last year.
Read the 8-k's for all the info.
I have heard that acquisitions will be announced soon, so they will not be considered a shell very soon. I seriously doubt their EPS will be much this year.
I will get more info as I can.
I was referring to traders who may think they will still receive the dividend since they held till the Feb. 1st and sell their shares. You never know what people are thinking.
Anyway here is the best I can find about the last day that you can buy and still receive the dividend.
"Dividends Or Distributions
25 Percent Or Greater Than
Security Value
The second method, under
subparagraph (b)(2) of Rule 11140,
provides that for dividends or
distributions that are 25 percent or
greater of the value of the subject
security, the ex-date shall be the
first business day following the
payable date. For example, if an
issuer has announced August 10 as
the record date and August 31 as
the payable date, then the ex-date
will be September 1, the first
business day after the payable
date. In this example, September 1
is the day on or after which a buyer
would purchase the security without
the dividend and, therefore, the day
on which the price of the stock is
adjusted downward. In this
example, a seller of the security on
August 15, even though the holder
of record to receive the dividend,
would have to relinquish the
dividend to the buyer. Indeed,
because the value of the security
on August 15 has not yet been
adjusted downward to reflect the
dividend distribution, the seller in
this example would be unjustly
enriched by keeping the dividend.
The seller would have received the
value of the dividend twice: first, as
fully reflected in the unadjusted
price of the stock on August 15;
and secondly, as subsequently paid
by the company to record date
holders.
They are right here in Dallas so I will make some contact with them and let you guys know anything I find out. I'll be out most of the day. Talk to you guys later.
I think it is way undervalued. EPS is over 3 bucks a share. PE is less than 2. Industry average is around 13.
I am holding none yet.
Posting this here because I believe it is a very good fundamental play and I think people can profit greatly from this. Looks more long term to me as it appears to be greatly undervalued fundamentally.
DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- National Energy Group, Inc. (OTC Bulletin Board: NEGI - News; "NEGI" or the "Company") announced today that it has declared a one-time cash dividend on its outstanding common stock in the amount of $3.31 per share, or $37,041,051.50 in the aggregate, payable on February 15, 2007 to stockholders of record as of the close of business on February 1, 2007.
Not only the divi coming but also look at this. EPS of over 3 bucks which is TTM. PE less than 2!!!
Industry average is over 13!!!
http://finance.yahoo.com/q/co?s=NEGI.OB
OS is just over 11 mill and float of less than 6 mill if yahoo finance is correct. Insiders own over 50% of the OS.
http://finance.yahoo.com/q/ks?s=NEGI.OB
By all means DO NOT TAKE MY WORD FOR IT as I have only been looking at it for about 15 minutes tonight. RESEARCH IT YOURSELF.
From what I can tell you should be able to buy after Feb. 1 up until the 15th and still get the DIVI. if I am not mistaken regardless of what the PR says.
The price of this stock is much more than what is generally posted here but it meets the criteria as from what I can tell has huge potential.
DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- National Energy Group, Inc. (OTC Bulletin Board: NEGI - News; "NEGI" or the "Company") announced today that it has declared a one-time cash dividend on its outstanding common stock in the amount of $3.31 per share, or $37,041,051.50 in the aggregate, payable on February 15, 2007 to stockholders of record as of the close of business on February 1, 2007.
Not only the divi coming but also look at this. EPS of over 3 bucks which is TTM. PE less than 2!!!
Industry average is over 13!!!
http://finance.yahoo.com/q/co?s=NEGI.OB
OS is just over 11 mill and float of less than 6 mill if yahoo finance is correct. Insiders own over 50% of the OS.
http://finance.yahoo.com/q/ks?s=NEGI.OB
By all means DO NOT TAKE MY WORD FOR IT as I have only been looking at it for about 15 minutes tonight. RESEARCH IT YOURSELF.
From what I can tell you should be able to buy after Feb. 1 up until the 15th and still get the DIVI. if I am not mistaken regardless of what the PR says.
Has anybody even looked at this stock from a basic fundamental perspective? Hell the P/E industry average is 13.18!!!
http://finance.yahoo.com/q/co?s=NEGI.OB
EPS is 3.628!!!(TTM) Which makes it trading at a P/E of less than 2!!!!!!!!!!!!!!!!
I am beginning to think that folks do not know what they have here. I hope this SOB drops after FEB.2 as I will sink major bucks into this and still get the divi. You should be able to buy before Feb. 15 and still get the divy!
Carl Icahn is in this thing from what I can tell with my 15 minute research session tonight. Looks like a gigantic fundamental play to me.
Any comments?
Now that's a dividend!
Yessiree!
Yep
Here is another very sharp down move, I have been watching.
How many are not? LOL
OK, a turd it is, but a turd can still move up and it looks good to me. Tried to enter at . 0038 but moved up on me so .004 it is!
Bid now .004 ask .0041
GBDX-.004 X .0041
They may only be selling carrots, but who cares if you are looking for a trade!
1 MM left at .004.
GBDX Level II lineup
Bid
UBSS/ETRD .0038
SBSH/NITE .0037
ABLE/HDSN .0035
DOMS/VERT/JEFF/MAXM/HILL .003
Ask
SBSH .004
NITE .045
UBSS/ETRD .005
VFIN/HDSN .006
ABLE .009
HILL .01
GBDX Level II lineup
Bid
UBSS/ETRD .0038
SBSH/NITE .0037
ABLE/HDSN .0035
DOMS/VERT/JEFF/MAXM/HILL .003
Ask
SBSH .004
NITE .045
UBSS/ETRD .005
VFIN/HDSN .006
ABLE .009
HILL .01
Let the MOMO BEGIN!!!!!
GBDX Level II lineup
Bid
UBSS/ETRD .0038
SBSH/NITE .0037
ABLE/HDSN .0035
DOMS/VERT/JEFF/MAXM/HILL .003
Ask
SBSH .004
NITE .045
UBSS/ETRD .005
VFIN/HDSN .006
ABLE .009
HILL .01
GBDX-Volume starting to trickle in. I got some.
Take a look guys-could go with a little volume!
GBDX-Volume starting to trickle in. I got some.
Take a look guys-could go with a little volume!
Got me some GBDX!!
GBDX, .004-Bid is thick, ask is thin. Only four MM's to 50% profit at this point.
In RGNO, BANY
Watching FMLY GBDX
About to pull the trigger on GBDX
Bid-11 MM's from .003 to .0038
Ask-11 MM's from .004 to .028 (10 from .004 to .0014)
3 X .011, 6 X .012
FMLY-Two huge red candles, way oversold.
Watch this one as it is overdue for a runup!
FMLY-Two huge red candles, way oversold.
Watch this one as it is overdue for a runup!
It was indeed updated daily when I started watching as the chart became oversold recently. Maybe it was just a fluke.