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That is right!
If he wants to be over 10% then he has to keep buying up cheap shares to stay there. Just like I have been doing, don't own 10% but am getting up there by adding a little each day. It also averages down your PPS.
My prediction is we will have news of a closing next week on the Texas Companies announced in last weeks Press, this will give NESV 4 Subsidiaries and approx. $75 Million in gross revenues.
If you can walk away from the table with the knowledge that a closing is immanent, all I can say is good luck to you, because you are going to miss the boat!
Upside will be huge! Again when just JD Field was announced last year, this stock took off over 6,400% and I believe we will see this again with this announcement!
Just my opinion but I know with certainty it is coming!
Why America's Oil Output Refuses to Collapse
Good article:
http://www.bloomberg.com/news/articles/2015-09-30/america-s-oil-output-refuses-to-collapse-here-s-one-reason-why-?cmpid=yhoo
Eagleford and Permian is the place to be!
He is driven and believes NESV will be a whole new Company post closing.
I think he wanted it to be a complete surprise to Investors in my opinion. He was upset it was in the filings in the first place, but someone on the team put it in there and he didn't see it before it was posted. Concentrating on execution was his saying during my discussion, and I know that is what he is concentrating on.
Chance told me he didn't want to announce the LOI last week, but when someone picked up on the signing of the LOI in the filings, they had been getting slammed with calls and emails.
Stated he would have rather waited until it was done and make that announcement. I agreed!
From what I have heard,financing is not the problem, it is attorneys right now, that's all I know!
Hope we hear something soon, it would help with the nervous investors who have been in here a long time.
The O & G Industry has significantly changed over the past year! Adapting I am sure has been a challenge.
If the acquisition is closing, I think there would be more to talk about! Makes sense to me if they are close. Thanks Quick!
Did you read the PR last week?
Yes who has a lack of credibility? Trash talkers! lol!
Again all out of context as usual!
lol!! Milo you have been saying that for a year and a half!
Obviously your predictions are not credible! :)
This is definitely one you want to hold onto!
Did you not see the PR last week? When that breaks, this goes into the $dollars not $pennies where it is now.
Patience grasshopper! You will be glad you did!
I know I want 2's!!
An acquisition will propel them onto a National Exchange, not a reverse split!
Quote from last weeks PR: "Because of the size of the transaction, which is much larger than NES as the Company stands today, it has taken and enormous amount of time and capital to complete the pre-closing process, six months to be exact."
Now if they are looking to close a Company that is 2-4 times their size, and there is only 17mm in the float, you can do the math!
Hope so, will pick up all the cheapies I can get down here!
Oh to the contraire!
I love the way you take bits and pieces to make an argument! If they have qualified for NASDAQ or NYSE, they would have already affected an acquisition or two! You are stating at today's snapshot! Which they and we all know will not get them there!! lol!
The restatements, as you are calling Management deceptive, is also laughable. The restatements were the results of how a small regional auditing firm interprets GAAP and how Marcum (a top ten Firm) interprets! Again taking things out of context!
You can't be a public figure and be deceptive, they did nothing wrong and are just aligning the Company for the big leagues!
LMFAO!!!!
We are at $.03 because of the OTC Market, not that NESV deserves to be there!
I doubt they will do a reverse again, doesn't achieve anything, the float is already too small. We are down here because of manipulating note holders and shorts, that's all.
With the Company on the cusp of moving into final stages, and with the announcement of some acquisitions, it will be difficult to keep NESV down. They obviously believe they will be ready to up list to get off of this exchange, and I believe the Team they have assembled to help achieve this will have a big impact on PPS.
Last weeks PR: "NES has completed all necessary due diligence on the target Companies, of which there are three consolidated into one, which involved a full appraisal of the assets to be included in the sale. Because of the size of the transaction, which is much larger than NES as the Company stands today, it has taken and enormous amount of time and capital to complete the pre-closing process, six months to be exact."
I do believe they did not want to announce this last week as the LOI was hidden in their financials from 1st Quarter filings, this was a surprise to me as I never picked up on it, but I do know this is not the only surprise us shareholders will be seeing. They believe they will be in a position to move up to a National Exchage, and I for one am not doubting them for one minute.
Oil Is Set To Explode.......... Will Americans Profit?
Good article:
http://moneynews.net/oil-investor/?wmrid=35002&wmaid=1201
I gave Bob a referral when I spoke to him this week for a Company that likes NESV and would like to talk to them about joining the Team.
They are a manufacturing Co. for well head fittings and down hole equipment and a variety of other products involving piping and fittings.
They where doing $29 Million in gross and $8.8 in net revenues last year, but they are down this year by about 23% which is no surprise.
I think they both sounded interested, we'll see if and where it goes.
How long have you been yelling the Company is going Bankrupt? lol! I think it has been well over a year now!~! Keep yelling maybe someone will listen to your ramblings!
Agreed! Although it was great getting his insight directly, this Board doesn't always reflect the real story.
I actually talked to Bob on Tuesday after the news was put out about the LOI. If you leave a message on his voicemail, he has called me back every time which is nice as it shows he cares about the shareholders.
Surfer you are right on, he explained that they did not necessarily want to put out the PR on the LOI signing as they did so with Mondak and Devoe last year and the market changed, making those acquisitions un-attractive so they opted out. After that, they made a policy not to make any announcements in the future unless it was a material event, which an LOI although is exciting is not, completing it was and binding. They are being allot more cautious going forward ensuring they are not putting out PR's every time they breathe in and out.
He pointed to the progress the Company has made this past year to position for a move up, although the slump in the market has been a challenge that was unforeseen, they are determined and had made great progress, most of which he could not talk to me about.
He also said the Notes that are converting out now were expected to be paid off before they matured. But because the Industry is down, they cannot take any revenues from JD for Corporate uses as they are fighting through the slump as well. He said it is hurting everyone as he only has 500k shares himself, and that they are trying to do something about them, but couldn't tell me what.
Overall I was impressed with his demeanor and although cautious of what was said, sounded upbeat about the future which is what I was after by making the call.
If anyone doubts the sincerity of this Company and Management I encourage you to give him a call, this is the third conversation I have had with him and I can attest to the motives of the Company are with good intensions.
This is actually looking pretty good!!
The float was too thin with only 4.5mm shares outstanding, so the converts have, in the long run, actually helped, that is if you keep buying at the low price to keep pace! :)
Revenues are down across the board in the O&G Industry, and NESV is no different.
I have many holdings in all the majors, some producers, and some in service sector, but that is not the point.
The Industry is experiencing consolidation and contraction right now, which for those who survive the downturn this past year, will explode upward once the commodity turns, which everyone knows it will, the question is when.
There are challenges for NESV, no doubt about it, I am sure is the reason for the convertible notes, to leverage being public and use that not only to survive but to pick up good companies in the sector in the process.
If you are an investor in the Oil and Gas space, you need to be thinking buy and hold, that is what I am doing and many other smart investors as well. We have way too many day traders in NESV that are in the retail sector looking to turn a quick buck. Money will be made here, you just need the right mindset and hold until the industry turns.
Mega Move UP for sure!!!
NESV is already way undervalued as it is, wait until the add an acquisition. I see how they plan on moving off of this crap market to the big boards, they will meet all the criteria to qualify once the acquisition is completed. Then NESV will see their true valuation come in, which should be in dollars not cents!
Golden!
Noticed we had quite a few shorters trying to down play NESV. Margin call must be approaching as we have not heard from these guys in a while and it seems they come out of the woodwork at the same time!
Must be because they will be caught short if the price doesn't drop! lol!
Great job!! Nice close!
I had my hands tied towards the EOD, wanted to hit that ask one more time before close! :(
Let's have another strong EOD!!!
I can't until tomorrow when I have cleared in my account, can someone hit the 15k at $.0425 and get these shorters out of here! :)
Well if you are looking for freemoney, this is your best shot at it, and yes praying is allowed! :)
Walk then!! We will see who is LMFAO when the acquisition is announced! Way undervalued here!
THIS IS AWESOME!!
Exactly, way undervalued before you even bolt on a larger acquisition! NESV needs exposure which it will get and those of us who bought in down here will see huge gains. Last year when they announced JD Field Services being acquired, my Brokerage Account when through the roof and NESV recorded a 6500% gain, they are poised to do this again!! Buy and go long, you won't regret it!
We warned them! That is about all you can do!
If post acquisition makes NESV a $70mm Company, with shares outstanding we are way north of $4 per share!
Now it makes all the sense in the world that they have had this planned for a while, and know exactly the path to take to a NASDAQ or NYSE listing!
The Company showed a very professional manner today with the announcement! No hype or bull S...! Thought it was very upscale!
I like that!! How can they control their emotions right now! They must be going crazy, I know I would be!!!
Diamond in the rough!!! And everyone will find the field very soon, so pick a few up before they are gone!
Big News NESV!!! Hope the day I have been waiting for is finally here!
I knew something big was in the oven!
Lets get this party started!! Obviously the Company has!
I know, it's like Christmas!!!
I got a bunch at $.025!! That was sweet!
I think there is some shorting going on as well, probably afraid of the train heading down the tracks and they won't be able to cover once news hits.
Agreed~!! Minimum $.20 when this news gets around! That is why I am going all in! Just wait until the acquisition is announced! When JD hit last year my Brokerage Account went nuts up over 6500%, and if this one is three times larger than JD, this will be a barn burner!