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Huh? Not quite pot/kettle Iceman, but not worth explaining.
You ever build a business from scratch? If you have, and you're like the majority of people who do, you know what it's like to take less salary so you can use the money for things like expansion, hiring a key employee, giving a Christmas bonus as a way of thanking your employees, etc. Things that will (hopefully) pay dividends down the road. You know, the old 'plant a seed today, reap a harvest in the future' thing.
I've been down that road, and that's why I say I'd like to see as much money as possible from the toxic notes put into building the business. Doing otherwise is a slap in the face to shareholders (and IMO, irresponsible).
But hey, my company isn't public. If it was, it might be very tempting to enter into those toxic agreements, instead of opening the books to prove to traditional lenders that you are credit worthy, and having to pay the money back with interest. I'm not sure I could do it since it hurts the shareholders, but I'm sure it would be tempting.
BTW, not that it matters, but I'm long here. I like the track record/connections that management has, and of course, the partnership with NOC. But it does irk me that Joe said he wouldn't have to raise money with toxic financing, then he goes and raises money with toxic financing. Regardless, If all goes well, the toxic notes and my gripe about salaries will quickly be a non-issue. GLTY.
And Joe, Rich, Roger & Co. Work their tails off....sometimes 24/7 days.
24/7 days? Come one. How do you know this?
Thanks for your comments. I think I have a good handle on how the market works, but I certainly don't know everything. I'm well aware of the notes.
I've spoken twice with Joe (back in the day when he would take shareholder calls). One topic was financing. He indicated to me that he had means other than toxic notes to get funding. I haven't seen those means exercised. Makes me wonder why, and he won't take calls or answer my questions via email. Not a bad thing being inaccessible btw, we'd all rather him devote his time to building the business vs. answering shareholder questions all day, assuming that's what he's doing.
Look, the bet here is simple. If EWRL and NOC can produce the DGU's as they are currently specced out, they will be in demand and EWRL will generate revenue. They'll then use them in other projects, further increasing revenue.
If they fail at producing an effective DGU, then there is not much left of the company. Yes, they may figure out other ways to make money if the DGU's fail, but everyone is banking on the DGU's.
It's hard to bet against anyone who has NOC as a partner. However, I still believe it is irresponsible of management taking what most consider a 'high' salary when they have to use money from toxic notes to do it. JMO.
Good luck to all.
O/S increased yet again!
5 million of the volume was probably the 5 million shares that irresponsible management dumped on the market on Friday.
Outstanding shares on 4/9: 232,313,182
Outstanding shares on 4/10: 237,313,182
They saw a little run up in share price and took advantage of it.
If management truly believed in their future success, and cared about shareholder value, they would take less salary until they started making money.
Here's a good explanation of what the daily short numbers mean SG:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068
I called FINRA years ago to have it explained to me. The person I talked to said he answers the question a lot. I suggested they put an explanation on their website, don't know if they ever did.
These numbers are easily misconstrued, and sometimes purposely used to mislead people into thinking the reason the price of a stock is going down is because it's being 'heavily shorted'. The vast majority of the time this is not true. GLTY.
CN, you said:
TY, so the short interest of 129,000 shares yesterday is correct, which is what the link I provided showed.
These links that you provided are correct, they show short interest of 129,000
http://www.otcmarkets.com/stock/NRTI/short-sales
http://otce.finra.org/ES
You said:
I think we have that cleared up and the OTC short report is also correct.
The OTC short report is indeed correct, but it does not show short interest. It shows the 'daily short numbers'. They are different. Note that yesterday it shows 'short volume' of 352,733, not 129,000.
http://otcshortreport.com/index.php?index=NRTI#.VRrY4fnF8nc
Thanks for your work on this board, and for all of the information you provide on NRTI. It is appreciated.
Sorry CN, I misunderstood. You said:
I am about facts and according to the OTC short reports there is a short interest here.
I showed this to prove that the OTC short report does not show short interest.
http://shortsqueeze.com/?symbol=nrti&submit=Short+Quote%99
There are many sites that show short interest, here's one:
http://shortsqueeze.com/?symbol=nrti&submit=Short+Quote%99
Also, I should correct myself. There IS some short interest here, but it's negligible. GLTY CN.
You know there's no short interest here bud. CN tries hard to keep this board a fact based board, and it behooves everyone to deal in facts when it comes to NRTI DD. GLTY.
As of 3/31 at 10:46 cst, the OS is now 232,313,182. So about 5,000,000 was added since yesterday morning, and the volume yesterday was about 5,000.000. The dilution continues at a blistering rate. Here's an idea for management...take a lessor salary until you start selling DGU's and making a profit (you know, actually EARN your salary by running a profitable company).
From Meagan at CST:
Current total O/S for Green Energy Renewable Solutions, Inc.:
232,313,182.00
The daily short numbers and the true short interest are different.
Many posters on IHub have written cogent explanations. Here's one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068
Thanks bud, but I know what BB's are. If you want to broaden my knowledge how about you pm me a meaningful chart where the RSI and MFI are in the power zone, and the BB's are tight. I'm always willing to learn.
The bet here is that the CBD's will be profitable, hopefully before this July. Mr. James essentially confirmed that was the idea when I talked to him last July. He had a year long plan regarding the CBD rollout, and he's executing it. My money is on him continuing to execute.
GLTY bud.
Huh? 14 day RSI and MFI are close to 60. Definitely not in the 'power zone'. BBs aren't pinched at all. I like the potential here, but not because of the RSI, MFI, and BB's.
bud_fox said:
NRTI ~ Charts are amazing. RSI and MFI are in the power zone, accumulation is straight up, Bollinger bands are pinched tight. If the MM's let the MACD break hard we are in for a mighty run. This thing is coiled like a snake and about to strike = BOOM
The daily short numbers and the true short interest are different.
Many posters on IHub have written cogent explanations. Here's one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068
HTB, this is what IH SHOULD be, but it is not. To find a forum where open discussion can occur, you'll have to go elsewhere. It's unfortunate, but it's the truth. PM me your email address if you'd like to discuss pros and cons of investing in EWRL.
HTB said:
Maybe I don't get it, but I thought these boards were a forum for discussion among investors, which I am.
Short answer is yes. They also have a way to go before the conversion is complete.
The daily short numbers and the true short interest are different.
Many posters on IHub have written cogent explanations. Here's one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068
There are zero shares short for EWRL:
http://www.nasdaq.com/symbol/ewrl/short-interest
Thanks for the info petemantx. No doubt Fortan is still prevalent. Legacy programming languages such as Fortan and Cobol (especially Cobol) will not be going away anytime in the near future.
It's a minor thing, but the verbiage could be easily changed to be clearer.
I believe derrek32smith mentioned this in one of his posts. I agree with him, this statement is embarrassing and should be changed right away. Fortran is not an operating system. It would be like an auto mechanic saying he works on many makes of cars, including Fords, Hondas, and starter solenoids.
What operating systems can you virtualize?
We are able to deliver Windows, Linux, Android, Fortran, and many others.
http://sphere3d.com/glassware-2-0-faq/
I happened to check on the share count today with the TA. From Meagan at Corporate Stock Transfer, Inc.:
The current total O/S is: 192,532,405.000
Total Authorized is: 300,000,000
I didn't say you can't short penny stocks. I said there are zero KMAG shares short. Big difference.
It means that someone doesn't know the difference between the daily short numbers and the true short interest.
Many posters on IHub have written cogent explanations. Here's one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068
KMAG short interest = 0.
I suspect you can wait and get this cheaper if the amended plan is confirmed. See docket 665.
The70th, did you stop by the office last month?
And nothing from Robert Loevner either.
I've reached out to him a couple of times, no reply. Not that I really expect one I guess. As long as he's following through, it's all good.
If he's not, well, I guess he would fit in very well at MGQG.
You're focusing on the wrong guy. Focus on the person this poster talked about a long time ago:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85134506
Instead of entertaining the possibility his comments had merit, this poster was derided. A bit of investigation would have shown that the poster has actually served on not one, but two, official equity committees. This alone means he has more knowledge about the process than most, if not all, people on this board do. A bit more investigation would show that it's indeed likely he has worked with Mr. Dombrowski while serving on one of these committees (yes, even if there is no 'link' to unequivocally prove it).
Regardless, good luck to all.
True, but it seems like it would be a good business move for him to do so. Actually proving his gains would increase his number of subscribers/followers, which would increase the likelihood of gains on future plays.
If nothing else, the kids posts provide comic relief. Can't figure out how to do a screen shot...good one!
"I have nothing to prove but once I figure how to do this screenshot ill post it."
I sold WAY too early here. Great job to all that bought at a dollar and below, and held on.
RBKMA - Please provide a link for verification purposes:
I've heard directly from the horses' mouth about price movement manipulation. I was told to my face how stocks are driven at times and the public has no idea why.
Proposed Disclosure Statement is on KCC. If confirmed, all classes get paid except shareholders. This is regardless of whether assets are sold, or company is reorganized.
http://www.kccllc.net/documents/1310125/1310125130319000000000021.pdf
The first Google hit was this. Many more examples can be found. Note who the judge is. Ring a bell?
IN RE ABITIBIBOWATER INC.
In re: ABITIBIBOWATER INC., et. al, [1] Chapter 11, Debtors.
Case No.09-11296(KJC), Jointly Administered.
United States Bankruptcy Court, D. Delaware.
November 22, 2010.
OPINION ON CONFIRMATION [2]
KEVIN J. CAREY, Bankruptcy Judge
The Plan
The result of the negotiations and the Global Settlement is the proposed Plan which, in short, provides for:
(i) payment in full of all administrative and priority claims, post-petition financing claims, and pre-petition secured claims,
(ii) a 50% payment to a “convenience class” of unsecured claims in the amount of $5,000 or less;
(iii) conversion of unsecured debt into equity, by providing that all holders of allowed unsecured claims will receive their pro rata share of the newly issued common stock of Reorganized ABH allocated to the Debtor; and
(iv) no distribution to shareholders of ABH.
The Monitor in the CCAA Proceedings participated in the Plan negotiations and supports confirmation. The Monitor noted that implementation of the CCAA Plan, which was sanctioned (confirmed) by the Canadian Court on September 23, 2010, is conditioned upon confirmation of this Plan.
http://chapter11cases.com/in-re-abitibibowater-inc/
If we were on any other market than the Grays, I would think the volume indicates one or more prearranged transactions. I don't see how that can be coordinated on the Grays since there are no market makers. I didn't get a call from my broker asking me if I wanted to sell my shares :)
VC, I see there are only total 2900 shares short:
http://shortsqueeze.com/?symbol=uwbkq&submit=Short+Quote%99
Hardly enough for a short squeeze. Am I missing something?
Talk about a short squeeze of epic proportions!
If anyone wants a copy of the docs below, PM me your email address and I'll send them to you.
02/16/2012 656 Chapter 11 Plan of Liquidation of HearUSA, Inc. (n/k/a HUSA Liquidating Corporation) Filed by Debtor HearUSA, Inc. (Gart, Brian) (Entered: 02/16/2012)
02/16/2012 657 Disclosure Statement in Connection with Chapter 11 Plan of Liquidation of HearUSA, Inc. (n/k/a HUSA Liquidating Corporation Filed by Debtor HearUSA, Inc. (Attachments: # 1 Exhibit B)(Gart, Brian) (Entered: 02/16/2012)
02/16/2012 658 Motion to Approve Re: 657 Disclosure Statement ; Motion for Order (I) Conditionally Approving Disclosure Statement; (II) Establishing Record Date; (III) Setting Date for Consolidated Hearing On (A) Final Approval of Disclosure Statement, And (B) Confirmation of Plan; (IV) Establishing And Consolidating Deadlines to File (A) Objections to Disclosure Statement, And (B) Objections to Confirmation; (V) Determining Solicitation of Common Shareholders Is Not Required; and (VI) Granting Related Relief Filed by Debtor HearUSA, Inc.. (Gart, Brian) (Entered: 02/16/2012)
Exclusivity period expires at midnight tonight. Let's hope they haven't asked for yet another extension.
Page 21:
The Court concludes, based on all of the documents and testimony, that the LTWs are equity, not debt.
https://ecf.deb.uscourts.gov/doc1/042112055077
REALtime64 - I'm going to assume you're talking about the comments at the end of Art's closing arguments (correct me if I'm wrong). I don't see how anything of relevance regarding the outcome of the case can be inferred from those comments. However, I always welcome opposing opinions. If you can elaborate on yours, I, (and I believe the rest of the board), would appreciate it. GLTY.
I thought the same thing as I was reading Eitel's comments. Does he even know what the definition of equity is? Seems like he doesn't.