retired
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I believe Gates and Pitcook are no longer with us. This stock will put ten years on your life.
What does look terrible is the post market markings that skew where the stock is actually trading. Not a good sign.
Close on the OTC is 2.49. After hours trade 2.67. Someone is getting cremated and needs the mark. That should be investigated.
Not going to get much positivity when the share price has cratered to lows that most would have not believed. Retail got obliterated while some in management decided it was a good idea to get a raise. Couple that with a partner who obtained nearly 23% of the shares with little risk.I was waving the pom poms for the better half of 10 years but they were tossed in the trash August 2022.
Be nice to have one NVDA in my retired years. So far all I have is junk.
We shall see what the Klingon has to say in late May when he has to be in person or at least a hologram in Colorado. God help us if the greasy used car salesman has to run the meeting. Since you avoided your deadline on Valentine's day, prepare a new one for May and then you can blow that one off as well.
I am glad the new guy has taken control of the board. You,X,and proto are so 2012.
EX-IM would be a game changer for the company. I have already noted that. Hopefully that would start the banks looking at the project again. The issue is Nio had a better window when rates were low and did not cash in. They were supposed to have multiple lenders waiting to be a partner. Where did they go? Now rates have exploded.
1)GX received 20-25 % of the surviving company for pennies.
2)Yorkville was needed or the deal was not going through. GX brought in their vultures to shove this through to get their shares.
3)Niocorp did a terrible job of DD. They had all the cards and folded with a full house to a pair of 3's.
I have friends that did not sell either and are getting cremated. I went back thru my posts and found out I started selling long before the merger and made it known here. A lot of my predictions turned out wrong because I did believe in the company. My saving grace was to shoot and ask questions later after we saw what was proposed. AO, everyone has to take responsibility for their own actions. If you think the price today is dirt cheap, maybe income average at these levels.
For myself, I am now just looking to see where the dust settles and go from there . I would like to get my last loss trade back and see what the future holds. 100% though I have zero faith in management since August 2022 and will not again unless they lay out what really happened.
I have a bid of .3301 and the same offer.
You will have to leave me out when it comes to pump and dump. Holding our position for the better part of nine years and selling because of the r/s factor and GX was an investment decision I am glad I made. I mentioned some thoughts around the time of the merger to think about selling. Now I am just one pissed off former shareholder that wasted too much time and effort for a minor return.
I know you went to annual meetings and met Mark personally. What were your thoughts on him. You did not make your decisions to load up strictly on my thoughts. Anyone would be an idiot to buy based on another person's views at the time. You have a lame excuse here. Blame it on someone else because you believed in Mark and the merger. He was the one traveling the globe to hype it up to Europeans and Nebraskans before it took place. Do you think those investors blame a message board or management itself for the decline in share price after the merger took effect.
You might want to take leave of the board for awhile.
I need to hire a translator for 50% of the posts on here.
You have to be kidding me.
Do you think what any of us say on a message board has a large effect on the share price. Do you think Yorkville slamming bids consults IHUB before putting their plan into motion. Niocorp is solely responsible for this mess.
AO, sorry but I am not pounding the drum for people to sell. I do not care what investors do. I have no idea where the stock goes from here. My thoughts are from events that happened years ago. I will always like Mark Smith the person but will never understand who told him things were imminent and also why Niocorp crawled into bed with GX. Wish someone had the answers.
Just because you are always glass half full does not help the reality of the situation. There needs to be a reality check. Niocorp needs to improve their market cap. dramatically before they see needed funds. Any type of funding they do now is going to dilute the share count. I doubt Stellantis will do a major raise for them unless it is to their benefit. Unless you are an investor that has a lot of funds, the retail base cannot afford to be doubling down here because their capital has been washed out. That is squarely the fault of management. Go rewatch the ringing of the bell and it will make you puke. When your stock drops close to 40% while you are standing on stage with the phony clapping, that was a new low for the company.
Mark has controlled the BOD until the merger. The snakes that were put on now have a say.
The spread on the warrants is 7.5 cents.
The meetings I had with Mark were wonderful. Treated first class all the time. On a personal level, could not meet a nicer man. But business is business and I saw warnings as early as 2020 that financing might be difficult with Lender A. I assumed someone else would fill the void but they magically disappeared as well. Enter the slime from GX,Yorkville and a r/s. That was the icing on the cake. It did not take a genius to figure out we got had. You could have sold enough to keep your exposure low but you did not or maybe you did.
If the company is forced to do another r/s, then it will not matter to you, Nebraska,and the overseas optimists. You will disappear from the board because you will have nothing left. I hope it does not happen.
Today I though the stock looked great until 30 minutes ago when then the rug was pulled out again.Stock is unreadable when it is being controlled by manipulators. Thank you Dr. Vulcan for caring about your shareholder base.
Sorry Putz but do you see me pumping up Mark Smith. I have no reason to speak with anyone at the company again because I feel we got shafted with the SPAC. I sold our majority stake and now do not have a position. Not sure where the stock drops to but going forward I am a short term trader. Nothing wrong with that. I do not have faith to take a large position again.
I suggest you should be the one to call the company. You have risk and you need Mark to talk you off the ledge.
Try finding a bid if you have to sell them. They are garbage and the spread right now is 10 cents wide. How you ever made money in the stock market is beyond me.
The uplist is only good if Nio can obtain financing. So far it has accomplished nothing except it took away 90% of the shares of retail shareholders who were in the stock pre-split. Investing in speculative companies is always a risk. I do think though we had expected more from management based on past results.Still cannot figure out how Mark got hoodwinked.
X hates giving up the throne. We should welcome new posters. If they have an agenda, it will come out soon enough.
So they had to bring in vultures to complete the 50 mill guarantee. This was highway robbery at it's finest. GX insiders make out like bandits, Yorkville gets to work this stock into the ground and take their pound of flesh and the retail base gets obliterated while being loyal shareholders over the years. Sounds like a fair deal. The rich get richer and the nice guys get laughed at. Good luck having more town halls in Nebraska.
If this was a prize fight, they would have stopped it in the first round. That ringing of the bell at the NAS was a complete farce.
Spectra was an absolute POS.
Can you imagine the next BOD meeting if it comes to pass they have sold off some of their positions.
Do you know how bad that will look if they have already decided to part with their holdings. I do agree that if some of the insiders are not keen on holding their shares, the selling that has picked up looks like it could be them. Who the **** knows anymore. It will show up in future numbers. Looks like the short interest has picked up.
Question for anyone
How does Yorkville work the convertible toxic debt. Are they able to short immediately to knock the price down far enough to grab the largest amount of shares possible and how much risk do they take. This type of deal has hurt Niocorp in terms of market capitalization. Lenders do not like having companies with a small number. Not sure if this will affect the EX-IM situation. I believe that is why you see the price marked up after hours most days.
There are way more pumpers on this board than negative ones. Pie in the sky numbers coupled with fantasy deals that they know of. Posters with startling inside information that keep your interest peaked but fail to mention anything and vow to disappear but reemerge to continue playing the game. Do you actually think TedPeele is keeping the price low. That has to be some sort of joke.
Lebby has transformed the company but has still not delivered on his word of deals. His patent protection is very good though and should be commended. They have not moved the needle on the share price but no one expects that. The next PR I hope to see is some sort of partnership with a name attached. The May one might be pure fantasy as the timing and secrecy to it is suspect. If he cannot announce anything in 2024, keep your mouth closed. Better than announcing something made up in order to keep the price from toppling.
You are beyond nauseating.
I was a proponent of the company and Mark for years. I advised many people to take a look at the stock and invest because of what I thought was a great risk/reward. June of 2020 was my first bit of concern as I believed a debt package was on the horizon. The only time you really had a chance to sell was the Fox interview and that lasted about 30 minutes. I sold about 40,000 shares on that move because you had a feeling it was a up and down move.
My reasons for unloading the position before the during the merger time was more who we were being aligned with and the r/s which almost never works out. I did not want to give back the money I had invested in from the 2011 range. I could have been dead wrong by selling. When Ms. Fenga quit the BOD, I knew something was not right. When LPC mentions that insiders from GX have gifted close to 3 million shares to get the deal done, that is a huge red flag. No one at Niocorp has ever been held accountable for letting this merger go through. Investors overseas and in the States can say they are happy where things are but you have to be a fool and also a liar to think that way. At the close of Friday the stock price is marked at .267 US. pre-split.
Plain and simple, Mark was hoodwinked by his debt partner and the merger and we were hoodwinked by him. The majority of my position was held over nine years without touching it. Loyalty only lasts so long.
I look for the open interest on the options as a tool. Niocorp is basically non existent.
You have zero effect on the price. The open interest in all the strikes is next to nothing as far as I can see. No liquidity in the stock means no liquidity in the options. At present the chart has broken down and investors have no idea on what Yorkville will do. It looed like 3 dollars a share was a base but that got obliterated on Friday. In the last few years, management has missed every timeline and Mark's comment about the SPAC after promoting it was a terrible choice of words. EX-IM is an unknown at present, Stellantis is a positive.
If this keeps up and the price erodes, then they might have to do another r/s in the future. That will be lights out for long term shareholders who will see their shares ground down to nothing. I was involved in another stock Delcath and had a stock friend who had a 1.5 million dollar profit evaporated because he was advised not to sell in the 16 dollar range. I told him to either buy puts or do a synthetic to keep his profits. He chose not to and his shares went to zero on r/s. Investing in these type of companies is very hard when you think this stock will be your path to easy street. It never hurts to take a profit.
That sounds about right. Can you tell us how many options were in the firing line yesterday. I would guess maybe less than 100 if that and that is being generous. NB has no option interest. The spreads are horrible and MM's will not commit to large bids and offers because the stock is illiquid.
Your first line is correct. I bought 20k in the 4.65 average range and was hoping it would bump up to 6 for a quick sale. Did not work out and sold the 20K in the low 3's.
I met Mark when Dickie was still the CEO. I asked for the meeting if they had time in NYC. They did and we met. That was close to a decade ago. Mark gave me a nice Niocorp pin and afterwards my friend and I went to Del Fresco's for a great steak dinner. That was a good day and night. I cannot imagine what a steak costs now from that place.
Had a sit down meeting with both Peter and Mark a decade back in NYC. Could not have met two nicer gentlemen who spent two hours in the bar with us talking about Nio and life. I cannot believe I am typing this post in 2024 and where the time has gone. I expected to be retired from the proceeds of Niocorp alone. My saving grace was to sell the position as soon as I realized how bad GX and the consequences of the r/s. Happy I sold but this is not what I was hoping for.
Debate whether to get in again around the 2 dollar range if it goes there but my last jump in resulted in a 27,000 loss. Tough to get money back now in spec stocks.
It is president's day in the US. Market is closed here.
The best thing for Niocorp is the US market is closed Monday.
I did not think the stock would go under 4 US after the merger. This is a nightmare and they had better come up with something soon. I think Yorkville can drive this down to 2.14. l am leaving bids down there if it ever hits the price. One thing for sure if that there was more liquidity pre-merger than there is now. The merger was a joke. It added zero so far unless the retail base is happy to have those vermin from GX as fellow shareholders. I believe Walter said the Belgians are thrilled to have Dean on board. You might want to have another vote on that one.
EX-IM should bring in other funding if the loan comes thru. They will be the initial catalyst. I have no position at present. It is tough to get excited about any sector at present except the AI stocks. NVDA is rocking as well as META. Problem is you buy in now, they might be int the last stage of an upwards move before a correction.
LInd, Yorkville,GX. Not exactly an awe inspiring group. I could see Lind in the beginning but Yorkville and GX are the worst of the worst. GX had to close shop in March 2023 and yet Niocorp handed insiders the keys to the kingdom for absolutely nothing. Gross miscalculation on Niocorp's part.
I wonder why Mark shut down his financial arm.
AO I am guessing Jim Sims was on the EX-IM introduction. As far as Stellantis, I say no as well. Whoever brought GX and Niocorp together should rot in hell. This was a disaster from the get-go. Maybe MS(Morgan Stanley) was the culprit or some other east coast based outfit. When you assume as Nio did that you were going to get a boatload of funding but in the end receive nothing, some heads should have rolled. This caused a major loss for investors. Unacceptable.
To hear some people say they are happy how this has worked out and have complete confidence in management is absurd.
Sears and K-Mart was a doozy. AOL-Time Warner. Snapple and Quaker Oats was a disaster as well. On a 1-2 punch though, GX has to take top billing.
I stopped counting after 2.