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josey, I don't think it is pinky mentality that is holding NVOB down. I am leaning more towards nervous investors. (me included) In my previous posts I said that I wanted to see the financials to answer some of my questions. Some were answered and others remain. The company is making money q over q. S.B. owns 75% of the O/S leaving 100 mill in the float that no one knows who owns. Are they investors that will sit on them for a few years or are they creditors that want their money back in their pockets? That is what is making me nervous. If it is investors we are going to be ok. If it is creditors who knows how many and at what price their shares were converted at. That is the downside for me. Could this dip into sub penny? I think at this point it is a very real possibility. I do not believe it will go into .000s but may see .00s. As far as it taking 100's of millions to get it back out I don't agree with that. I think a lot of people on the sidelines would come and buy the float up in short order. The next question then would be are those buyers there to flip it or hold for a bigger sp. I personally would buy and hold for the much longer run if the company became more shareholder friendly. So far I've seen about 15 +/- million of the float. Leaving 85 mill +/- in limbo. Again, are those shares locked up by longs or creditors? Once people know that, I see the pps becoming more stable and people working towards giving it a fair valuation. If the company doesn't have a need to add to the O/S through their operations and investors start to realize it there will be a lot more faith and buying.
As far as why a company would go public, I would too. Instead of drawing a salary that may increase a little year over year, I would have 300 million shares that could increase in value immensely year over year. If you know the direction its like a bank account for retirement. If NVOB was ever bought out WOW! So that makes sense to me.
This is all my opinion and speculation and personally I like the company but a little nervous of where bottom is and if management can become more shareholder friendly. Good luck to all! $NVOB
Thanks DC much appreciated. UTRM
What's new? What's the buzz today? Sorry just getting home. TIA for any info. $UTRM
Fwiw, I am happy with the direction of the company right now. A lot of my questions were answered with the recent filing. I know that the president (S.B.) is holding 75% of the O/S and are restricted. He has as much to lose and more than we do. I really like when insiders hold stock in their company.
The company had a 463k operating gain and net earnings of 395k (They are producing and making money doing it.). Not many pinks can say that. They have 30% of the former company ceo paid off. I think they should be able to have him gone by the end of the year. I am actually getting excited to see what 1q brings.
As far as the current downtrend, it doesn't leave much to be excited over but I'm comfortable with that. Notice how the volume is increasing since we have hit around the .02 level. That's getting more shares out of note holders hands and into investors accounts. That's a good thing. Even the shorting has slowed way down which tells me shares that are shortable are getting hard to come by. Again a good thing. I do not see the pps going to .000s and if it does I'll be backing up my truck to catch as many as I can afford. I will be buying even if it hits .00s. This company is waaaay under valued. The nice part is things are quiet around here which will allow me to build more funds and get a bigger bang for my buck. I'm liking the .01 for another place to buy. I just want to make sure I have shares just in case whales come in to feed and swallow shares. A year from now this will be trading much higher and the current situation will be a distant memory.
This is just my two cents and opinions. $NVOB
I was talking about the commons in the float. Those are preferred shares that the scumbag M.N. is holding until he gets paid in full for the sale of the ticker to Novacab.
I understand but you were using "dilution" which is is a whole different animal than note holders selling or "dumping". I totally agree with you that when they are done there will be a monster of a rebound and it will be quick. If this drops into the .00's I think you could see upwards of 100 mill traded in a day or 2. It may not even get that far although I would like to get a bigger bang for my buck.
You may want to revisit your #'s sir. There has not been 50 million shares traded over the last 3 months. Since 11/18/13 a total of 13,834,777 +/- (a few) shares have been traded. I also doubt it is the company diluting. I would suspect former sbrh management and note holders are the ones holding and selling the shares in the float. Those holding the float probably have no intention of holding shares any longer than they have to. So the more buying pressure the more they sell keeping the price stagnant. If there is a lack of buying pressure they still sell which causes the pps to drop. This all is only my opinion though feel free to check my numbers as well. GLTY $NVOB
Thanks for your reply josey. I too have my long positions and flip the flavor of the day. Actually I only have 3 tickers I'm long on, NVOB being one of them. I understand that the company should be focusing more on building a business and revenue. I also understand that sometimes funding through shareholders is a good thing. It just gets tough when you keep buying shares and the pps keeps dropping. I have in the past had contact with Donna but that came days/weeks after I stopped caring what they had to say. I've averaged down many times believing the company will be a mega star in the future. It however gets harder to warrant adding shares if the company has no interest in helping those that are supporting them.
With that being said, I broke my rule (no fins/no shares) and added a few last Friday. I truly believe in the tech and the possibilities of where this company could be in the next couple years. But damn! they at least should help us build a floor to stand on. Thanks for hearing my rant. Again not bashing just frustrated. NVOB
josey, when talking with the company did you/they mention anything about bringing back (at least some) shareholder value? I like how they are building a solid business with some very big companies but every time they have a pr our value drops further.
I'm starting to believe that the only thing shareholders are good for is to "fund" company growth and the company does not care about us growing with them. I'm not bashing, just trying to understand. TIA for your thoughts. NVOB
I'd be happy closing and holding a little over @.01. Slow and steady on the way back up. We move to fast and to many people freak out. Build solid days and move up naturally is my hope.
That's why I'm waiting for fins before I buy anymore. Even at 400 O/S I think NVOB is undervalued. If they become more transparent I'd gladly throw a few k in here.
Anyone notice how many shares were shorted today? I truly hope someday those b!tches get burned.
31,000 out of 32000 traded were shorted.
|NVOB|31090|0|32090|O
http://regsho.finra.org/FORFshvol20140331.txt
http://otcshortreport.com/index.php?index=nvob&action=view#.UzoWE2FOU5t
Excellent news and more updates coming. Hopefully fins will be out soon as well. NVOB
I'm sure there are a few that still lurk here (like me) but not much to chat or get excited about. This company doesn't seem to be shareholder friendly. I gave up buying shares because every time there is any momo the pps never moves north it just keeps getting pushed further south. Nobody has any explanation to why the O/S and float are what they are. The company could explain it but I honestly don't think they give a crap about their shareholders. Until they change how they feel/communicate with shareholders I can't find a reason to keep increasing my losses when I know if I buy shares they will be under water the following days/weeks.
Great explanation roepicks. Its great to have a web developer on board that understands the ins and outs of websites. Member mark for you sir. $UTRM$
Wow! Wow! WOW!!!!
The revenue from advertising alone on the site is going to be unbelievable. Take chat boards, everyone posting is advertising in some way and trying to make money from it. Pumpers advertise "going to the moon!" in order to bring the price up so they can sell for a profit. Bashers advertise "Its a scam or POS" so you sell while they cover their positions lower or get a better price for the next flip. Either way people are making money from advertising for their own revenue.
This website launched at anytime is still unique and is well needed. Companies spend A LOT of $$ to get their message out. MJ players will use the site for updates and information. With those catalysts how can it not be a smash hit?
Just do your own DD and stop listening to the yeas and boos on message boards and it will help you decide what is right for you. I personally plan on following the money.
UTRM
I think the website has been under construction for a lot longer than 30 days. Look at the pr from 2/05/14
http://ih.advfn.com/p.php?pid=nmona&article=60932157
ok Lets TRY THIS AGAIN! Please, please lock up your shares. Help those trying to bring the pps up! If you use stop losses don't cry when your shares get stolen. Don't stack the crap out of the ask, break up your sell orders so we can move and create some momo. Most importantly please, please do some DD (Due Diligence) and understand what you are buying. All my opinion and GLTY $UTRM
Agree with you. The problem is since the mj sector has blown up there are a ton of new traders thinking they will be millionaires over night. They trade on emotion and hype rather than doing proper DD. Many sit on chat boards and soak up the rah-rah and not pay much attention to what is going on around them. When things don't happen over night fear and panic (along with boredom) set in and we end up with blood in the streets. Hopefully those that sold will continue to follow, watch and learn. $UTRM
They hit all the established ones to. Mj sector as a whole is bloody. Kind of reminds me of gas stations. When one drops the price they all follow suit and when one raises prices they all raise. lol UTRM
Anyone that follows a lot of mj tickers will see 90%+ of them are red. Not sure why this happens but I've seen it happen lots of times since the original mj stocks like mjn@, ph@t, cb@s and such. It used to be they all followed mjn@, when that fell most if not all followed suit. Anyone remember those days? I take days like these as buying opps. UTRM is going to have many many good days, months and years ahead of them .GLTA
LOL tells me he is busy building a company. UTRM
Membermark for you sir. Its nice to see some newer traders understand the game. It helps to avoid days like this in the future. Good job and agree! UTRM
I'm with you sir. I've seen a ton of more experience coming to this board lately. Shares are being loaded by those that see value in what is to come. Not worried here I'm just picking up more here and there while I wait for sanity to regain control. UTRM
Not the pr I was hoping for but more news will be coming which I'll be waiting for.
Key Middle Eastern and Qatar development updates after the summit should follow forthcoming announcements, which promise to address the new LED lighting products for the Company's wholly-owned subsidiary d/b/a Viper Agricultural Technology (Fast Grow LED technology), the LED street lights roll-out for Collier County in Florida and multiple term sheet offers for the sizable Sri Lanka Ministry of Highways project(s).
The meat is coming.
That makes 2 of us ;) UTRM
IMO I think MMs are driving down the price for several reasons
1.) Novice traders looking to make millions in a day.
2.) People setting up a lot of stop losses. That makes MM's mouths water.
3.) MM manipulation.
4.) Playing off the fear of (reason 1)
5.) Lots of couple tick flippers.
6.) No patience
7.) To much... "Going to da MOOON" and when it doesn't happen immediately people get upset and frustrated.
I'm sure if I thought about it harder I could come up more... but why. Tomorrow will give me another chance to pick up a few more.
$UTRM
Very well said! Memebermark for you, letsdothis UTRM
Everyone is forgetting we have Fins coming soon as well! Lots of great things happening here in the near future. Loving UTRM!!!
I didn't hear anyone complain when this was up 89% yesterday. Its consolidating. You flipped it made your money and yet you are still hanging around. HMMMMMMM what is your plan? If you still have shares SELL and move on. If your short keep posting BS so everyone will know where you stand. Wow that was easy. Dismissed! UTRM
This isn't 'wolf approved' and yet you come here to spam other tickers. I'm Really starting to think pretty low of the 'pack' Go away UTRM
I'm wondering if they took this to .01 in order to trigger stop losses to pick up shares. $UTRM
Money never sleeps! Why should we? $UTRM
Lock your shares up! Do not let shorts use them against you! If you plan on holding through the launch set your sell orders high. Big boys coming in as you seen yesterday the last 30 mins. As always do your own DD and make your own decisions on your own beliefs of what is right for you. $UTRM
See for yourself...
http://regsho.finra.org/FORFshvol20140324.txt
http://otcshortreport.com/index.php?index=utrm&action=view#close
I'm excited about the fact that I can go to the site and look up mj stocks, new companies and news without having to go through otcmarkets and search for just mj companies. I'm thinking this is going to be bigger than huge in the very near future. $UTRM$
Agree 100% UTRM is going to shock and awe a lot of investors. $UTRM$
No even close to a pump. "CNN of pot going live end of week." Lots of great DD here. Today would be a good day to start reading. $UTRM$ GLTY
I can't help but wonder what the traders are feeling like that sold on the dip to the low/mid 20s are feeling like now. Hopefully you made some nice $$ and good luck to you. $$UTRM$$
Mine are locked $UTRM$