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Good Find! NEGS is owned by JCI- Pinksheets confirms it
http://www.otcmarkets.com/stock/NEGS/company-info
http://www.natlenergy.com/
I'm just watching the roll-out of this new business model closely, should be interesting!
everyother 10-Q says the same thing, standard language, how many reports have you ever read?
They already did, see my post #2015
The warrant holders are clearly trying to make the arguement they feel they should have been in the "know" about the Letter of Agreement. They were not happy with execising the warrants on a existing note with terms that would give them only "some" profit. LBSR CEO was even willing to revise the existing exercise notice for them, but they wouldn't agree, they want the Gold.
They make it clear that they feel they were due all material undisclosed information to position themselves for a maximum profit, kinda sounds like insider trading to me
Here is a Quoted response from LBSR attorney to them:
They must agree with the PR because PRPM's management is now CEO/CFO of NEGS... duh look it up
http://www.sec.gov/Archives/edgar/data/1165336/000119312510207926/dex32.htm
http://www.sec.gov/Archives/edgar/data/1165336/000119312510207926/dex312.htm
http://www.sec.gov/Archives/edgar/data/1165336/000119312510207926/dex311.htm
The numbers match, its real! (follow bread crumbs below)
Northern Dynasty Minerals Cash flows from investing activities (Three months ended June 30)
Loan advanced 5 (3,194)
Mineral property interest (1,055)
Net cash generated by (used in) investing activities (4,159)
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00003151&fileName=/csfsprod/data109/filings/01618403/00000001/t%3A\NorthernDynastyMinerals\SEDAR\0005374_Aug12_2010\filed\ndm0812fs.pdf
LBSR 10-Q (most recent)
On June 29, 2010, we entered into a letter agreement with Northern Dynasty Minerals Ltd. (“Northern Dynasty”), whereby Northern Dynasty agreed to advance to our company funds in order to discharge all of our secured notes issued on May 11, 2007, August 28, 2008, May 21, 2009 and August 14, 2009. The Company initially borrowed the sum of $4,000,000 on the condition that it sell 60.7 square kilometers (23.4 square miles out of the Company’s original 177 square miles, or 13% of its Big Chunk and Bonanza Hills acreage) in consideration for $1,000,000 of the loan from Northern Dynasty such that the remainder of the loan is the amount of $3,000,000. The purchase of the claims and the loan are interdependent. The claims were transferred to Northern Dynasty on August 27, 2010. The loan is secured by the Company’s Big Chunk and Bonanza Hills properties in Alaska.
http://www.sec.gov/Archives/edgar/data/1172178/000106299310002954/form10qa.htm
I agree, somebody's going to break that ground & LBSR owns all rights... to unseat the gold you have to buyout or JV.. no other way.. this is a $bag in the making
A good write-up/article on CEO & Company:
http://www.ldvcapitalmanagement.com/CEOTranscript-AnalysisReport.pdf
Helps if I could read the word "Amend", still looks good tho all JV info still there!
maybe I'm slow but did anybody see the 10Q filed yesterday?
Especially since the new CEO/CFO of NEGS is PRPM's own Mr. Dukes now, should be a smooth roll-out
You don't read PRs very well
Have u read the lawsuit lilpuppy? I HAVE, along with all exhibits. And guess what, I just bought more this morning.
Those warrant holders are greedy and simply were not happy with just a "substantial profit". Our CEO was even allowing them to submit a revised notice of exercise form... even after they irrevocable cashed in warrants, under prior agreed upon terms. Those people who filed the lawsuit wanted to exercise the warrants contingent on insider information, they were unhappy that they were not privy to insider trading.
Basically here is what plantiffs said in complaint LITERALLY:
I have the feeling of "the big one" here
Looking forward to next few weeks
GLTA
Attention everybody!! Just to make it clear- PRPM does not trade on the London Stock Exchange, seems there is alot of confusing information bewildering a certain human, whom cannot tell what is connecting these Corporations/Agreements & SEC filings....
Why dont you re-read that PR you highlighted for me again, and do it slower (maybe have someone help you)
Start from the top and work your way down thoroughly, Heres your link:
http://finance.yahoo.com/news/Propalms-Inc-Launches-New-iw-4238156711.html?x=0&.v=1
And then Re-read this one shortly after:
http://www.msnbc.msn.com/id/39075679
your funny too, for some reason you think we are tradeing on the London exchange or something?! This is how International corporations work:
Propalms International Ltd has signed a worldwide marketing and sales agreement between Propalms IncaEUR(TM)s wholly owned subsidiary, Propalms Ltd, a UK corporation and the newly formed Propalms International Ltd, a Nevada corporation.
http://www.tradingmarkets.com/news/press-release/negs_negse_-premierstocks-tv-pmsi-announces-its-latest-stock-alert-national-energy-services-co-otcbb-n-1159420.html
The money will flow... jeez figure it out already please
doesnt matter, you say they are a scam, I say they are a early-stage company... go figure the difference
Next your going to say PRPM doesnt own IFRS also, and that they don't exist
http://www.sec.gov/Archives/edgar/data/1418115/000126493110000288/form10-q.htm
Maybe call these people and tell them that PRPM is a scam and doesnt exist:
http://www.portagepath.org/
Good luck with that
Sounds like you cant see a good move when its ready, also learn a little more about the market and how pps reflects buyouts, the buyers paid 250M in shares to the Aqui (PRPM), so a red day for the buyer is NORMAL and EXPECTED, but you wouldn't know that.
An SEC reporting company picked up PRPM and they are going to see what they can do with it, SIMPLE. This is how speculation works... almost sounds like your trying to "invest" or something. Every pink is a crap shoot, and MOST I play make me money, I'm not going to change that now, not for you.
Pick some up, you may make back a few bucks
lol, I think I understand now.....
yes and the PPS of NEGS is very true & reflective of a typical buyout, the buyer always goes red, and the Aqui goes green.. looks good!
MORE PR's with more substance coming, NEGS has funds and is rolling-out, just wait
the numbers should be interesting soon
Then Report it to the SEC, they report
http://www.sec.gov/Archives/edgar/data/1165336/000119312510140767/d10q.htm
They have to purchase all O/S shares (by cash or reissue NEGS) at some pps amount to be determined
lol That is a funny PR also.. silly CEO, lawsuits are for capable people
I wonder if he will issue an apology or a acknowledgment of his failure?
I "VISUALLY" knew he was incapable the moment I saw him need help to turn off his speaker phone at the end of one of his cruddy scripted conferences
R/S seems likely, to start over with new "ideas & dreams"
A mineclearing operation?! LOL come on dean
lots testing the water- but when "our" curtains open the the real buying starts imo
agree, definitely worth picking up blocks
It will go, the parent company NEGS now has $$ pockets to make their business model work, they liquidated some operations and picked up others, should be a good show soon
With the name change and a good outlined PR of the future this PPS will react right, they had to do the Parent company PR first, then ours afterwards... looking for a big upwards-hit soon
sure Diane! This is a highly speculative reward/loss play with a real potential for big $$GAINS$
The paperwork is sitting on Gold/literally
All we are waiting for is a little push with a PR...
LBSR
Looks like NEGS has money to make things happen:
Line of Credit
In April 2010, the Company secured a $10,000,000 line of credit to facilitate its business model. The Company will be able to draw down on the line of credit after an S-1 Registration Statement is filed and becomes effective.
http://www.sec.gov/Archives/edgar/data/1165336/000119312510140767/d10q.htm
opps my bad lol!
PRPM just bought out by Johnson Controls owned company, still under radar