My posts are only my opinion. Everyone approaches investing/trading from their own angle. Please do your own DD and make your own decisions. GLTA!
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Grabbed a few .0003s during the dump.
Will be difficult to go. It's in Greece.
Took advantage of today's dip and grabbed some .01s.
It's one of those "if I can't have her, nobody can" deals. You're 100% correct CJ, if a stock runs a lot of money is made that can be used to purchase other stocks. A ripple effect.
229m back on bid.
Probably the draw down in inventory. It is NOT coming from convertible debt.
Except the loan in question was taken nearly 3 years ago and there have been no new loans in over two years. So there is no investor money in his pockets. Try another tack.
Yes, he is there.
Berge struck a deal last year when he made a large sale and was attempting to use the proceeds to pay off Iliad's large note. In March he said Iliad had some issue with Finra that was preventing the completion of that deal. That is why the large sale was reversed and they started converting.
But he didn't do it in 2016 and to date hasn't in 2017 either. Because you say so doesn't make it true or correct.
Which they haven't done. Last notes were in I believe May of 2015. This is 2017. That makes, and check my math on this, two years since a note has been sold. No secret notes.
Then how does he "know"? Unless he is privy to inside information that is.
I would think that's exactly the point, no? By economic definition, lower price points make for a larger audience. The higher the price, the lower the audience for anything, regardless of quality and craftsmanship.
The fact that he is confident enough in whatever deal he is working on to announce he is closing the Fairfield location is a great positive in my book.
You're wrong.
IMO today's volume had nothing to do with yesterday's "news." All news posted on SVTE lately has been for another company. It never led to this kind of volume in the past. I could see a few knew jerk buys but today has been about 40% of the current o/s. Certainly there is another explanation.
Suddenly 149m on the bid!
From CEO Berge Abajian:
Me: Good morning Berge,
Someone posted a rumor that you were shutting down the Fairfield location. Is that true? If so, will manufacturing take place somewhere else?
Thank you.
Berge: Mike, with our new strategy we’re looking to manufacture overseas in China and India and the factory in Fairfield is not needed. We’re consolidating all expenses. I’m looking forward to our potentials overseas opportunity, once we have it concluded we will announce it but nothing at this moment.
He followed up with: Mike, there are so many changes in the jewelry industry, price points are very important. That's why China and India is where to be for manufacturing. We will still have a small workshop for repairs etc... but the majority will be produced overseas.
Very nice but not relevant to the discussion. If you take the time to understand how the notes work you will see that once the company has received the funds for the note, they receive no further financial benefit. The pages and pages of conversions you refer to from 2016 benefit Bergio not one iota. The selling of these shares reimburse the company lending Bergio the money(in this case from notes sold in 2015), not Bergio as you erroneously claim. A person versed in accounting would understand this simple fact.
Incorrect. If you read filings you would see that he has not used any convertible financing in two years. What has been converting are old notes from 2014 and 2015. Once those are done there are no more.
Not sure. Assume it's close to the 2.2b
O/S 2.2b A/S 6b
The email conversation I had with him last week seemed pretty optimistic on his end so I would tend to agree with you.
I just voted no across the board.
Probably that was involved. This was more than just a toxic dump. There was a lot of buying, and it wasn't people here since there was no chatter amongst the usual suspects. This was the quietest 700m share traded day I've ever seen. Someone was front loading.
Overall, a positive. May not happen tomorrow but I do expect it to happen.
From CEO Wilson Russell(follow up to my earlier email), I'll repost the entire conversation for context:
Me: Good morning Mr. Russell,
I am a shareholder in NEIK and see that trading in the stock has been halted. Can you tell me why this is so?
Thank you Sir.
Dr. Russell: We are trying to find out what this is about. We are not delinquent or anything like that.
Me: Thank you Sir. If you can email when you know something I would appreciate it.
Dr. Russell: It`s the FINRA system that`s down. It's affecting trading for a lot of companies. Nothing to do specifically with Northstar.
Regards,
Wilson
Me: Many thanks Dr. Russell. YES also just confirmed that. Thank you for your speedy reply, Sir. Hoping the contract for the plane is nailed down soon. Very excited for the future of NEIK.
Dr. Russell: It`s a long road when dealing with such a large company. I believe it will be well worth the wait.
It`s good for me to get an email like yours. Much appreciated.
Take care,
Wilson
Dr. Russell just confirmed same thing as Yes Int.
From YES Int(Investor Relations Firm): Finra system problem. 1/2 OTC markets stock affected, hopefully back up in running soon.
From CEO, Wilson Russell:
Me:Good morning Mr. Russell,
I am a shareholder in NEIK and see that trading in the stock has been halted. Can you tell me why this is so?
Thank you Sir.
Dr. Russell: We are trying to find out what this is about. We are not delinquent or anything like that.
Me: Thank you Sir. If you can email when you know something I would appreciate it.
I'll post any other info I receive.
Emailed the IR company as well.
I just emailed CEO. I'll post an answer if I get one.
700m shares is not share "swooping", if that means what I think it means, which I'm not sure I do, I'm guessing.
275m on the bid suddenly!!!
We have a bid again!
These statements are as of 12/31 so chances are they wouldn't mention anything recent on the plane. Hopefully a PR accompanies this 10k that will give more info.
One large trade today for >1.4m shares at .011 that did not budge the bid.
Great analysis. Informative and insightful.
From CEO Berge Abajian:
Me: Good afternoon Berge,
Just wanted to see how the current negotiations are coming and if you are still as optimistic as you when last we conversed.
Berge: Mike you know I can't reveal information, but what I can tell you our plans still going forward. If the deal is done I'll put out a PR.
Incorrect. There have been no new notes for two years now.