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500k @ 0.03 would take some serious chewing to get through
Really Sweet
A basher..far from it..A spade is a spade..If it walks like a duck, quacks like a duck...Must be a duck, but not always. Just something to think about...Saying R/S is taboo or something..Speculation on my part is all... Someone sold 7 million shares today and someone bought 7 million shares today...
Who has 7 million to drop in one sec, and who is buying 7 million in one sec...Most times trades of that size get broken up and fall at the end of the day on form T...Something is up..Close watch
On my watch list..Waiting for 0.14 then backing the truck up..Unless we get a sudden drop really hard with some volume, and then I'm in
Thank you for the cheap shares, buying more tomorrow..GLTA
Still holding here, and believe something will happen one of these years
Doesn't look good here, company released news yesterday and zero volume..LOL talk about wasted money on a PR....Take it to zero, doesn't matter to me, but I won't be buying anymore on total speculation
Enjoy this pull back, I'm looking for 2.56 GLTA
LOL..I hear that. I was thinking about putting a buy in tomorrow..maybe 200,000 shares @ 0.001 Not sure yet, but I worked some overtime last week and I wanted to see how much last Saturday was really worth...lol
I wonder if the CEO felt this way when they were running promotions and selling stock and much higher prices..Its funny how once the price falls, they want to tell you about all the stink coming to the surface
They have a note they can convert. What laws are they breaking?
I'm just speculating on the R/S..No fact to back that up. I'm on the sidelines for now, but watching close as this unfolds. I had various buyin points, and scaled out for a loss. My buy avg was 0.0022 and my sell avg was 0.0018
Agreed...lol I'm waiting for a possible pull back here to grab some more
I would rule out short covering raising the price, all they have to do to cover is convert..Once they convert ..the next step is sell into the market while the price is floated..GLTA Next step after that is R/S..Wash rinse and repeat
Short Interest is only 72,000 as of Nov 30...I don't buy into the shorts...There is a note being converted into shares...with a conversion price of 0.001.... I do believe bottom is in. I just wish they wouldn't R/S after
A company's stock in your hands does the company no good.
I also wouldn't rule out Wentworth buying shares at these prices
What is up with Javo...Are we getting ready to see a bounce here
I would have to guess, over half you guys on this board work for..You guessed it..You know who. Good luck with your nest egg
Now that was a nice run
I guess some missed it..Still not too late
I think we'll hit the 0.075 level at that point you'll see a small roll back to around 0.05 It will be a nice second buy in point. After that I feel its on its way to 0.16..Just my thoughts is all..Where she ends up..I guess that will be the payout of the 12% price.....If there are some short shares..You'll see some quick covering...Whoever is short will have to pay the payout price owed on the shares short
GLTA..See you on the last day
Its accumulation time..I have no problem buying shares at a cheaper price or do I have one buying them at a higher price...trend is now north and the trend is your friend...lol
Some shaking of the tree today..Waiting on 10q for some updated news, should be out in about 2 weeks
I'm still around and I'll be the first to admit. I was stop loss out here. Not sure what to make of this stock anymore, but its always like that. A few things for sure...With the falling prices so does the average prices...You can see it in the moving averages. Based on the average price ..Wentworth is cheap at the moment..I'm just sitting on the sidelines for now. Its a wonder why I would buy Wentworth at 0.0025, but won't touch it at 0.0013..
Stock is recovering from a failed golden cross..Will it recover..It sure will, JMHO
Haynes and Boone's Newsroom
http://www.haynesboone.com/law_applicable_to_hydraulic_fracturing/
Wastewater from natural gas drilling is made clean
http://www.star-telegram.com/2010/10/23/2570000/wastewater-from-natural-gas-drilling.html
Volume increase today..Looks to be headed North, 41 million O/S sitting on pending major news with shareholder payout coming soon
Watch this break out NIVM
Business First - by Doug Buchanan
Date: Thursday, November 18, 2010, 2:17pm EST - Last Modified: Thursday, November 18, 2010, 5:15pm EST
If National Investment Managers Inc. has its way, the company will become a national player in the pension plan administration and investment business.
To get there, it’s looking to draw the blinds a bit to save money – and scrutiny.
The Dublin company is working on an agreement to be acquired by Columbus private equity investor Stonehenge Partners Inc. for $48 million. The deal would mean National Investment’s departure from the OTC Bulletin Board and the end of what company President John Davis said were hefty costs to remain public.
If I'm understanding this correct..
12 million cash will be paid to preferred and common
formed by Stonehenge Partners, Inc. for $48 million in cash
After payment of NIVM's outstanding debt, transaction expenses and certain other liabilities currently estimated to aggregate approximately $35 - 36 million and after giving effect to any required working capital adjustment, the remainder of the purchase price would be allocated among the holders of each series of NIVM's preferred stock and the holders of its common stock
Regulation FD Disclosure
On November 4, 2010, the Company entered into a non-binding letter of intent with exclusivity for the sale of the Company to Stonehenge Partners, Inc
DUBLIN, OH--(Marketwire - 11/15/10) - National Investment Managers (OTC.BB:NIVM - News), a nationally-based and regionally-operated retirement plan administration and investment management company, with over $11 billion of assets under administration, today announced that it has entered into a non-binding letter of intent, with exclusivity provisions, for the sale of the company to an entity to be formed by Stonehenge Partners, Inc. for $48 million in cash, subject to a negotiated net working capital target. Stonehenge Partners, Inc., based in Columbus, Ohio, manages more than $600 million of private capital and focuses on investing in middle-market businesses.
Completion of the sale is subject to certain terms and conditions, including the negotiation and execution of a mutually satisfactory definitive acquisition agreement, completion of financing arrangements and due diligence by Stonehenge, and requisite approvals from the Company's senior and subordinated senior lenders and shareholders. The parties are working toward the execution of a definitive agreement by year-end, assuming all conditions in the letter of intent are satisfied by the required time lines.
After payment of NIVM's outstanding debt, transaction expenses and certain other liabilities currently estimated to aggregate approximately $35 - 36 million and after giving effect to any required working capital adjustment, the remainder of the purchase price would be allocated among the holders of each series of NIVM's preferred stock and the holders of its common stock. The investment banking group of Carl Marks Advisory Group, LLC is acting as financial advisor to the Company.
National Investment Managers also announced its financial results for the third quarter, 2010, as follows:
Revenues for the three months ended September 30 2010, improved to $14.0 million compared to $11.0 million for the same period in 2009, an increase of $3.0 million or 27.2%. The Company's earnings before interest, taxes, depreciation, amortization, change in derivative financial instruments and stock-based compensation (EBITDA SBC) reached $4.7 million for the third quarter 2010, up from $2.0 million for the same period in 2009.
Net income for the quarter ended September 30, 2010, was approximately $1.12 million with accrued preferred dividends of approximately $467,000, resulting in a net income available to common shareholders of approximately $0.65 million, or $0.02 per fully diluted share. For the same period in 2009, the net loss was approximately ($1.09) million, with approximately $494,000 in accrued preferred dividends, resulting in a net loss available to common shareholders of approximately ($1.59) million, or ($0.04) per fully diluted share. The weighted average number of common shares outstanding stood at roughly 41.5 million basic and 72.9 million diluted for the three months ended September 30, 2010 and 39.6 million basic and diluted for the same period ended September 30, 2009.
Revenues for the nine month period ended September 30, 2010 were $35.8 million compared to $37.7 million for the same period in 2009, a decrease of 5.1%. The Company's earnings before interest, taxes, depreciation, amortization, change in derivative financial instruments and stock-based compensation (EBITDA SBC) was $7.8 million for the nine months ended September 30, 2010 compared to $8.7 million for the same period in 2009.
The net loss for the nine month period ended September 30, 2010, was approximately ($202,000) with accrued preferred dividends of approximately $1.45 million, resulting in a net loss available to common shareholders of approximately ($1.65) million, or ($0.04) per fully diluted share. For the same period in 2009, net income was approximately $1.12 million, with approximately $1.48 million in accrued preferred dividends, resulting in a net loss available to common shareholders of approximately ($366,000), or ($0.01) per fully diluted share. The weighted average number of common shares outstanding stood at roughly 40.5 million basic and diluted for the nine months ended September 30, 2010 and 39.6 million basic and diluted for the same period ended September 30, 2009.
Steven J. Ross, Chief Executive Officer of National Investment Managers, said, "Our focus during the third quarter was to work with Carl Marks to continue the execution of a well-defined process toward a refinancing of debt or sale of the Company. While a significant amount of management time has been spent on that initiative, our field personnel met or exceeded all client deliverables which allowed the Company to post very positive results for the quarter. These results clearly demonstrate the strength and stability of our business model, and are a credit to the exceptional capabilities of our organization."
John M. Davis, President and Chief Operating Officer, added, "I am proud of all of our people who have worked so hard to deliver early on nearly every client commitment for our calendar year plans. Our third quarter results were clearly buoyed by the completion of work well in advance of the October 15th filing deadline for Form 5500s. Due to anticipated delays associated with the newly required EFAST2 electronic filing process, we made a company-wide decision to accelerate our filings to avoid potential issues, and our people delivered. Our year-to-date results were slightly down from 2009 due to lower EGTRRA restatement revenue for defined contribution plans, which was expected with the completion of the restatement cycle for those plans in April, 2010."
He concluded, "Great companies are built on a foundation of great people. And, despite the difficult economy, general business conditions, and the distractions associated with the recapitalization initiative, our people and our entire organization have continued to persevere. We've delivered upon every client commitment with superior service, and at the same time, continued to stay on track with our strategic and operational plans toward the development and implementation of our national technology platform and administrative business model across the country. As such, our people have been required to wear many hats, but we've accomplished a great deal as a team, and together we look forward to establishing NIVM as the premier retirement services company on a national level."
Starting to make a move here.
Thanks...I just coundn't figure this one out, but I don't guess we ever really do. I took the sidelines for now, and my eye's are peeled... Something going to give here one way or the other They are sitting on too much for so little debt..I just don't like the conversions..I'll keep my peace on that. As for Wenworth..They have a mountain ahead and they're climbing it..GLTY
I'm out of here today..Its been a wild ride the last two weeks
Just wondering if anyone has some thoughts on this. Could EGOH be the public company AMCO plans on mergering into? ...AMCO has 5 drilling rigs
Could make a possible run to close the gap, but I don't think that will happen...We are now entering the loading zone for the next leg up...GLTA
Looking good ...GLTY..still holds the same
I'm out of here today fellows...I wish you the best of luck and hope things turn out good for you...I know I will be kicking myself...I always get out before the big run.. Small loss here and find other things more to my liking
LAFAYETTE, La., Sept. 30 /PRNewswire/ -- Amco Oil and Gas LLC (Amco) is pleased to announce it has completed a merger agreement with a US based public company trading on the OTCBB.
Amco focuses on in-fill drilling and fully developing proven US and Canadian fields. Current oil production/month is nearly 2,000 bbls. After the completion of a work-over plan on existing old production wells, the production is estimated to grow to 6,000 + bbls per month. The production consists of 10 wells in Manitoba, Canada (Bakken) spanning over 2,500 acres, 2 wells in Louisiana consisting of 6,000 acres, and 8 wells in another part of Louisiana covering nearly 5,000 acres.
Amco's initiative to go public is to gain additional exposure to the investment community and provide the Company liquidity to help support additional mergers & acquisitions. Amco is currently completing its audited financial statement in order to meet the requirement of going public through merger. Once this is done the transaction will finalize the conditions of closing and a press announcement will be made announcing the public company & merger details.
LONGVIEW, Texas, Nov. 17, 2010 /PRNewswire/ -- Eagle Oil Holding Company, Inc. (Pink Sheets: EGOH) ("Eagle Oil") announced today that it has retained Petro Lucre LLC to provide merger & acquisition advisory services. Eagle Oil plans to work with Petro Lucre to explore mid to long term development strategies as well as potential for joint venture arrangements on East Texas operations.
God..You need to buy when you feel like selling
I also cut half my loss here, so some of the selling pressure came from me. I took a few gains on some other stocks which allowed me to sell and wipe the loss I took.
Soon they will get the rest, cause the way I feel...Their not getting anymore of my money.
Good luck to you all, and I hope it works out, cause the last thing I want to do is turn into some kind of basher...That is just the way I feel, by no means let the way I feel...Make you feel
What is the plan going forward?...They can't say there is none.
I guess if my plan was sticking it to small investors..I wouldn't tell them the plan
Its as simple as..We are working through this debt, slowly restructuring and ramping up production. We plan to drill 10 new wells in the coming year...That is a plan.
We want meat, toss the potatoe
GLTA
Spread opened up today. Coming soon here.
Did anyone take a look at AMCO Oil and Gas?