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1) Missed dates is a big red flag.
2) No proof of Novocab contracts outside of the PR.
3) The people involved per the failed filing in Florida have a string of failed businesses associated to their name.
3) Accidental release of "planned" RS. Whether they are still going to do the RS or not, they were planning to do it a month ago, and there is no EVIDENCE that it isn't going to happen.
Those are the big three reasons....IMO
LOL - be patient.....0002s are coming.....and if it stays at .0003/.0002 by Friday, then a dump off is coming soon as well.
It got pumped....brought a few people who had no interest in being long in it...and now they are wondering what the hell they got themselves in.....
and then there are the longs are starting to doubt themselves and the wisdom of staying in this.....
Their sell-off is coming.....
BUT - News, real news, cures ALL.
Meanwhile, the specter of the potential RS grows looming in the background. People can poo-poo on the concern, but considering they filed for the RS a month ago as part of the merger, I see no reason to believe that they didn't do it again.
Here come the .0002/.0003s barring news.....
Well, my prediction is more accurate than those who saw 0007/0008s this week.
0002s are coming....low volume, but they are coming.
But the real base is 0003. Again...don't worry about me, worry about whether or not they plan on re-submitting the RS.
I still don't understand why everyone is so sure that they won't re-apply. I mean, they did it once, and when they did it, they didn't tell anyone that they intended to do it. The only reason anyone knows that they did apply for the RS is because the application got "rejected".
Why are you so sure that they won't re-apply and surprise everyone with it?
Don't worry, it will be .0002/.0001 some enough.
Either as interest wanes and people bail or when the 1000:1 RS that they apparently wanted to do a month ago is implemented in the new company......
Don't worry, it will be .0002/.0001 some enough.
Either as interest wanes and people bail or when the 1000:1 RS that they apparently wanted to do a month ago is implemented in the new company......
Dark days ahead here...but that being said, the company has possibilities. Just not worth buying as the bottom is still days away....
That means nothing...
You just take the AS and multiply by closing share price which was only hit because someone wanted to make sure that the stock ended in green.....
Not exactly news...or real info....
What happened to all those 0008s that everyone was sure was going to happen?? LOL.
Now the answer is that the NITE and company are blocking the stock from growing. Or the "weak hands" are getting out..but now they are in "stronger hands"!!!
I enjoy reading this board...they say whatever they need to at the moment in time. Meanwhile, low volume and no PPS movement.
But, they got a few new people to jump in who are now probably wondering what they got into.
My take is that there are a lot more people watching but are reading the posts and taking a wait and see approach instead of jumping because of some of the ridiculous things that have been said.
Meanwhile the smart ones are selling and waiting until it dips again to flip it all over again....
Peristent,
Just thought I would check in on you. How did you DD go?
GLTY
You r right.... I missed the 0001s.... Congrats...
You never know what I have or when I got it...don't jump to conclusions my friend....no one says what they really think on these boards or what they will really do That is part of the fun of them.
LOL. My Saunts stunk it up. And Panthers are starting to play really well..
2nd half of season should be interesting...
Stress I can handle. Uncontrolled BS, no.
A more clear PR would be good...with new info....
Just hoping for no RS....
Meanwhile...I can definitely agree on drinking a beer.
I appreciate that but to me that PR only confirmed what we already knew and did not provide NEW information.
Could big things be coming? Maybe.
Could an RS be coming? Maybe
Could this end up being huge? Maybe.
I just don't like it when people claim this is going to dollars, etc. without ANY FACTS.
Lol, that is funny. Which of my posts have bashed SBRH???
Also, i have alsostated that I would like cheap shares for me.
I have also stated that while interesting this pos poses certains risks and I have been trying to quantify those risks.
Now, all I am doing is questioning all the hype and brash statements about revenue, etc.
Not a single claim about revenue has bebe substantiated but many people claim it as fact, and that is okay to do to bring in people who don't know any better???
I say it again. PROVE ME WRONG.....show me evidence of revenue, a contract with anyone.....
reality isn't always pretty. Instead of mocking my post, prove me wrong....
Nice....lol
Just saying that real news...that is what this pos needs.
And then, maybe it won't be a pos.
Still, the potential announcement of an RS...
When a company does an RM the typical goal is to get funding via shares. At this OS level, they could just release more shares, but it would make more sense to RS now, and then start afresh....
no idea if that is the plan...just know that is what I would do.
What part was new?
They filed in Florida a while ago - even I saw that....
News would be the naming of the new board and officers.
News would be naming a business plan, confirming no RS.
Now that would be news and mean something.
I am not being negative....I hope this makes everyone money, just saying that this is not really news...
Spin it anyway you want...
LMAO - Essentially written in Word, not even with the Company name or logo...
States information that everyone ALREADY KNEW.
Stock may go up tomorrow, but please don't call this NEWS....there was not one thing NEW about the note...
Did you ever speak to anyone at Novacab?
I am surprised. I was sure it would be trading at .0002/.0001 by now.
Woo Hoo....
What is up with Al? Who is he?
Why is there not more info on him???
Why no PR? Don't we have a right to know who this guy is?
The best hope for this company is that it goes bankrupt and is then bought by someone who knows how to run a company properly.
No knock on Eric, but he clearly does not know how to anticipate, plan, manage unexpected changes and grow a business.
I think that the products are good, but the ability of the company to get out there and take the next step is just not there.
Anyone watch "The Profit" on CNBC? It is perfect lesson on how good people and sometimes not so good people poorly manage companies.
In this case, I don't know if Eric is good or bad, all I know is that this company should be profitable and be in a better situation than it is, but my guess is poor planning, etc. has put them in a corner.
Don't expect to see pps movement for a while until current management finally has to let go and someone else comes in and takes the products to the next level.
I expect 2014 to be the make or break year for current management. If they can't turn the company around at that point, look for a suitor to come in and buy it for pennies on the dollar and then Watch Out.
I wonder if anyone has made offers for the company....has anyone ever asked Eric? Just would be interesting to know.
I have this company on my radar, but I think that there are more dark days ahead.....
So, did you learn anything? I am very curious.....
Ask them all the questions I sent you. My guess is that they are not the same company as PRHB....
Well, my friend, if what you say is true, and I have no reason to think you are not telling the truth, then you have more information than any of us out there.
1) Did you personally meet the salesperson?
2) Where did you meet them?
3) Who arranged for them to perform the presentation? Whoever did it would have contact information. I would think that a call to them would get you a contact number. Sales people always leave business cards, etc.
4) That there is no website could be due to a company re-launch. Let's say that is true, while odd that they would be doing a road show without an active website, perhaps they are operating under a different name and will eventually do a stock symbol change like they did back in 2006?
You seem to have a door to information that no one else can readily get...go for it.
I missed this...nice find...
At least these guys are out there...not complete unknowns....
If you are having a hard time to find anyone to talk to...that typically means that you should just get ready to write it off as a loss.
This stock has been dormant for about 3 years. I keep it on my radar just in case someone else takes over the shell. It could happen since this company never got really bad publicity from FINRA, SEC, etc.
For that matter, you could just hold your shares and sleep on it for 5 years and see what happens...
That is why this is a POS - it is an empty shell right now.
LOL...it is not him....I live in South Florida so I could go physically confirm it, but...here is who I think he is, which I don't know if that is good or bad....
http://www.bizapedia.com/people/VIATCHESLAV-MAKAROV.html
http://opencorporates.com/officers/840883
Make your own conclusions....
But, why not put Stephane as an officer at some level? I hope you do get to talk to him and ascertain whether or not he has a continuing role in the company.
Just surprises me that his name is nowhere to be found......
Please try to find out Stephane's role and that of Viatcheslav Makarov. If they are working together, what is the nature of the relationship: co-owners, boss/employee, etc.
Honest confusion here.
I understand that Stephane has been the President of Novacab since inception, but if he is still the President, etc., why is the following person listed as the ONLY Officer according to Florida Corporation records.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p95000096012-7c331c46-8061-40f5-8e98-ad422d2f947a/Novacab%20International/Page1
Makarov, Viatcheslav
7575 TransCanada
401 St Laurent, Quebec H4T 1V6 CA
I am sure that you have all discussed and figured this out, but I did not see the conversation about this.
Stephane's name does not appear anywhere on the corporation submission.
FYI: One of the first things that is going to happen is that they are going to change company symbols. Sebastian River Holdings Inc is dead so would think that they would submit for a new symbol to make the change...
Fair enough - thank you for the data.
I am not arguing that this stock and company doesn't have merit, but I do hope that current financial transparency comes now that the merger is ostensibly completed.
That will help define value.
My concern is that there is minimal revenues which is why they bought the SBRH shell, to then RS (which they could blame on the prior SBRH management) and then use new shares to fund "growth"...
And shareholders get nothing at the end....
Willing to throw a few bucks in...at the right price to at least marginalize my risk.
Where do you have Novacab's earnings from? Do you have 2012 YE earnings? 2013 year-to-date?
As a private company, until the merger, I would have thought the figures would not be public....
Do you know which client relationships are active? I know that you have posted several big names, but how do you know which ones are current/on-going?
Only if someone paints the close....IMHO
So, what is the company's history with their mines? I mean the PR states that they will be coming back with news in a few weeks regarding the analysis. Have they had successful results before?
A little about your New CEO:
http://www.bizapedia.com/people/VIATCHESLAV-MAKAROV.html
http://opencorporates.com/officers/840883
Make your own conclusions....
Read my post before you incorrectly reply to them.
1) my post had nothing to do with prior management
2) my post never disparaged Novacab or claimed it was a cab company
3) it is fine that he gets preferred shares, however look at his other companies and he has made money by getting share prices well above the trading value.
So I would like to know why people think he will do a better job for the pps than he has with his other companies. Right now SBRH is trading as well as any of his other companies.
Don't you think it matters whom the boss is and his past performance?!
Why should I not be concerned? Just give me a good reason to believe. A real explanation/answer.
A question to anyone
Peter mautousek (sp) is the top guy here and is the same at drake and xun? Those companies are trading at .0003-.0004 and per financial reports have helped him clear a lot of money via sell of his shares at premium values.
Now he arranged drake to share their assets with Sbrh....drake which is really in red....
Just want to understand the logic that this company has value. What makes anyone think he will make Sbrh profitable when he has not done that with any of his other companies?