I am not actively trading; holding some stocks that have no value.
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The On Topic stuff is coming...everything always takes longer than expected or than we would like. Meanwhile, I would rather see some decent Off Topic banter than a totally silent board. Nice to know we are all still here and waiting for good news together.
NorthLion
Hey, there is great fishing up here....you can go for huge Channel Cats just north of us near Selkirk....world famous, actually! (They are there is the summer too...then you wouldn't have to ice-fish). LOL.
Lion
you have to come up here to Winnipeg if you want COLD!
Good morning FBS! How's fishing?
Top of the morning to you, FBS!
FBS,
No I didn't see the christening...I was away on the weekend, so was not able to do so....but it will be interesting to see how much benefit we get in NSHV out of the event.
Lion
Good morning, FBS!
Moyko....your true colours are showing very clearly in your post of this morning regarding David, and they are not pretty.... very low, IMO.
NorthLion
Got 40,000 more at .0255....that's it for me now.
NorthLion
Not much to be had under .002 anymore...
NorthLion
that would be sweeeet!
I was fortunate...it didn't take long. I happened to notice two ASKS at .025 and looked at the history...sure there were some going at .01 and .02, but no sizable orders...you had to be at .025 or .03 to get any quantity....so that was the opportunity to buy, I figured.
Lion
I took 60,000
I was a bit uncertain about this one on account of the past debt, but it seems to be taken care of, so that the prospects for the future are wide open....figured I better get some now before I regret missing the boat entirely LOL
NorthLion
got some at .025
Bigrgub,
What kind of a Level II are you watching??? Are you sitting in a trading office? How is it that you can claim to see 20Mil on the bid when none of the rest of us can???
NorthLion
From the DEF 14C
ACTIONS TO BE TAKEN
This Information Statement contains a brief summary of the material aspects of the actions approved by the Board and the holders of the majority of the outstanding voting capital stock of the Company.
DECREASE THE NUMBER OF ISSUED AND OUTSTANDING SHARES OF OUR COMMON STOCK
GENERAL
The Board approved a resolution to effect a one-for-ten reverse stock split. Under this reverse stock split each 10 shares of our Common Stock will be converted automatically into one share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The Company anticipates that the effective date of the reverse stock split will be February 28, 2008.
If this happens according to schedule, we should be only days away from the change.
NorthLion
From the Pre 14A
AUTHORIZATION OF A REVERSE SPLIT AND AMENDMENT TO ARTICLES OF INCORPORATION
The Company proposes to amend its Articles of Incorporation to reflect a fifteen for one reverse split of common shares.
The Board of Directors believes that the implementation of the Amendment will help to facilitate its future capital situations and enhance market value of the Company's common shares. The Company is not expected to experience a material tax consequence as a result of the Amendment.
We are asking shareholders to approve a pro-rata reverse split of our common stock, by which up to each fifteen shares would become one share. Fractional shares will be rounded up to the next whole share. The effective date of the reverse split will be thirty days following the date of the meeting. This is not a "going private" transaction, and no shareholders will be reduced to less than one share. This action will not have the effect of reducing our shareholders to less than 300. This requires an Amendment to the Articles of Incorporation to accomplish the reverse split.
We believe the recent per share price of the common stock has had a negative effect on the marketability of the existing shares, the amount and percentage of transaction costs paid by individual stockholders, and it impairs the potential ability of the Company to raise capital by issuing new shares due to the low price.
We believe that reverse split will be advantageous to us and to all shareholders, because it may provide the opportunity for higher share prices based upon fewer shares. It is also a factor that most brokerage houses do not permit or favor lower-priced stocks to be used as collateral for margin accounts. Certain polices and practices of the securities industry may tend to discourage individual brokers within those firms from dealing in lower-priced stocks. Some of those polices and practices involve time-consuming procedures that make the handling of lower priced stocks economically unattractive. The brokerage commissions on the purchase or sale of lower priced stocks may also represent a higher percentage of the price than the brokerage commission on higher priced stocks.
Shareholders should note that, after the reverse split, the number of our authorized shares will remain unchanged, while the number of issued and outstanding shares of our Company will be reduced by the factor of the reverse,
i.e. up to one for fifteen shares. It is important to realize that the issuance of additional shares is in the discretion of the Board of Directors, in their best business judgment, and our shareholders will have no right to vote on future issuances of shares except in the event of a merger under Delaware law. This means that, effectively, our shareholders will have no ability or capacity to prevent dilution by the issuance of substantial amounts of additional shares for consideration that could be considerably less than what our existing shareholders paid for their shares. In many events, control of our Company could effectively be changed by issuances of shares without shareholder approval.
We have no plans as of date hereof, to issue any newly available shares. There are no pending private offerings of shares, nor are there any pending acquisitions for which shares may be contemplated to be issued.
As a general rule, potential investors who might consider making investments in our Company will refuse to do so when the Company has a large number of shares issued and outstanding with no equity. In other words, the "dilution" which new investors would suffer would discourage them from investing, as general rule of experience. A reduction in the total outstanding shares may, without any assurance, make our capitalization structure more attractive.
While our acceptability for ultimate listing on one of the NASDAQ markets or an exchange is presently remote, we believe that it is in the interests of our Company to adjust our capital structure in the direction of conformity with the NASDAQ structural requirements. At the current date, even with the proposed changes we would not meet NASDAQ criteria. NASDAQ requirements change constantly. There is no assurance that the proposed changes with meet NASDAQ requirements or any other exchange when, and if, we are otherwise qualified. There is no assurance that we will qualify for NASDAQ.
9
Once the reverse split has occurred, Management believes the Company may then be better structured to seek equity financing, because investors shy away from the very high dilution which would occur if an investment were made in the current structure. There is no assurance that the Company will have any success in seeking equity financing.
Lortap: this 'ol stock has been doomed by bad karma from the very first day Gene took control of it... I would hope it/he changes that course...
You can call it what you wish, but I think the history and facts show a serious manipulation of the shares throughout last summer by one or more groups. There was definitely dumping of the old NPYC shares which drove the price down. There was definitely a sale of illegal shares (totally acknowledged by the company, with ongoing attempts to rectify it)...those shares were also dumped, holding the price down.
Lortap: I'm not saying NSHV is a scam stock, I'm just pointing out the fact that so many people really think that a short squeeze excuse is gonna fix a stock that is being diluted or dumped on, especially when the company/stock fundamentally doesn't have any revenues to speak of...
I agree that we should not see the possible short squeeze as the saviour of this stock. When it happens, it may provide some relief from the prices we have had for some time, but it will be the ongoing development of the company's revenues and business plan that will add true value to shareholders. Contrary to some who think this is "a dead dog", I am encouraged by ongoing efforts by the company on new projects and will be glad when we can get past the issues lingering from 2007. This is a start-up company....it takes time to get a revenue stream going.
Meanwhile, there is going to be some further volatility as some shareholders are fed up, giving up or otherwise negatively disposed...and I expect there will be some further dumping --- I suspect there may even be attempts to create a sell-off so that those having to cover 504's can pick them up really cheap. So, don't be surprised to see the price sub-penny for awhile. When the dust settles, I believe those who sell now will do so to their own detriment. But to each his own....I am comfortable with my substantial position and will hold them all.....I have a longer time frame in mind and will wait for better days.
All JMHO.
NorthLion
No Lortap...I pulled my order a bit after 2 EST... not today...
Lion
No one selling out today. I will leave my .007 order up till 2 pm EST....then it's gone.
Long on NSHV.
NorthLion
likewise...a little dollar cost averaging would be nice... I think most holders here are staying with the ship till the storm passes over - the darkest hour is just before dawn.
NorthLion
Reposting Bigrgub's December 26th post - one of the days he was thinking more positively about NSHV:
Anyone selling right here will really regret it if/when we get the issues settled on the 504. I believe that will be in January. That will put tremendous upside pressure on the stock and will be a good play. Don't sell here - if anything buy all you can sub .01. That opportunity is dwindling I believe. 2007 was ugly and dissappointing for all of us, but I believe if the company will do the simple things right, confidence will build and we can all make some money. This has not been fun for sure.
Outside of the fact that the 504 issue did not get settled in January (but I believe it still will be settled IMO), I agree with this post....if you sell, you will likely regret it. However, if you can't take it any more and want to sell, I am willing to buy...
NorthLion
My order is not visible on L2's, but it is there -- at .007 -- 1.25M.
NorthLion
Bigrgub,
I will put in another bid for a chunk tomorrow.....will take at least 750,000...maybe a million at .007. If you want out, here's a chance to move a bunch.....it's up to you.
NorthLion
why is anyone selling now anyways?
NorthLion
L2 at 8:40 EST
Bids
08:00 HDSN 5000 .0018
08:28 SALI 5000 .0017
08:37 WMIN 15000 .0016
08:00 UBSS 5000 .0015
08:00 NITE 10000 .001
08:19 HILL 5000 .001
08:32 DOMS 5000 .001
08:00 LABS 5000 .0006
08:30 EFGI 5000 .0004
08:00 SBSH 5000 .0002
08:35 ETRD 5000 .0002
Asks
08:00 HDSN 5000 .002
08:37 WMIN 5000 .0021
08:00 LABS 5000 .0025
08:00 UBSS 5000 .0025
08:00 NITE 10000 .003
08:19 HILL 5000 .005
08:28 SALI 5000 .006
08:00 SBSH 5000 .0125
08:35 ETRD 5000 .0125
08:32 DOMS 5000 .020
08:30 EFGI 5000 .030
hardly, soldier..... I think you have a pretty good handle on things...
CU again
will do.
Thanks for the insights....I learn something new every day and I like it! I wonder how some guys can invest in these markets when they don't have a clue as to how it works....I guess that's why there are so many dollars lost every day through ignorance. It is tough enough to make a buck even when we know as much as we do...
Off to bed soon. Nite.
Lion
Very interesting! I am not that tuned in to the "behind the scenes" that I can offer a good explanation -- I probably have more questions than answers. For example, is it the MM that is setting these levels on his own or is this simply reflecting the "limit" price of asks of individual investors who are working through these houses?
In any case, I think we can agree that it shows a movement to the upside - there is anticipation building....
Lion
Here's a more complete list:
Bids
02/20 HDSN 5000 .0018
02/20 SALI 5000 .0017
02/20 WMIN 15000 .0016
02/20 UBSS 5000 .0015
02/20 NITE 10000 .001
02/20 VFIN 5000 .001
02/20 DOMS 5000 .001
02/20 HILL 5000 .001
Asks
02/20 HDSN 5000 .002
02/20 WMIN 5000 .0021
02/20 UBSS 5000 .0022
02/20 AUTO 5000 .0022
02/20 LABS 5000 .0025
02/20 NITE 10000 .003
02/20 HILL 5000 .005
02/20 SALI 5000 .006
02/20 SBSH 5000 .0125
02/20 ETRD 5000 .0125
02/20 GNLN 5000 .020
02/20 VFIN 5000 .020
02/20 DOMS5000 .020
02/20 EFGI 5000 .030
if I go to Microcap's Level 2, I see the same info you have given, but the times of their posting are shown beside the bid/ask - they are all just before the end of the trading day.
I am using the Bloomfield feed which comes from Quotestream....it doesn't have times besides the bid and ask...I suspect it may be more current.
Lion
maybe one of these is stuck with the end of day info whereas the other is updated?
Lion
Bid
HDSN .0018
SALI .0017
WMIN .0016
Ask
HDSN .0020
WMIN .0021
UBSS .0022
AUTO .0022
I was hoping to pick up a few more below .002 today (yesterday) but there was little to be had.....the momentum is upward and gaining steam!
NorthLion
Than you for taking the time to do this, Chevy and for the very comprehensive report on the conversation. I think what you have shared in your post underscores the value that remains in this company and its future prospects. I'm sure that there are many who have at times wondered why they bought into this one, but I still believe that there will be a positive outcome for those of us who hold. JMHO.
NorthLion
no, Chevy...that was someone else....I am still waiting for a fill.
Lion
I'm buying today....will take half a million at .007.
NorthLion
Binsleep,
The cancellation of the shares was unrelated to the warrant issue... Last I heard a few weeks ago, the warrants are still in view. There was a news release pending regarding that, but David's passing created an understandable delay in the release of it, as noted by Mr. Sibbett when he commented on Davod's death.
NorthLion