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David,
I can't tell you how pleased I am for you. I sincerely hope you can be at the SHM this Saturday to shake your hand. It's not over but at least there is some light at the end of the tunnel (and presumably not that of an oncoming train) given the verbage in the final phrase of the sentence. Best of luck and prayers for you and yours.
This is a great use of my one post per day.
Jim Crowley (aka, Steel Penny)
Oh, & GO NTEK
Are any of our posters going to be at the SHM on Saturday? If so, maybe you could so note on this board. Also, it would be great to show your colors at the meeting by having a name tag showing your board name. I, for one, would like to meet some of the names that I see posted so often.
Think we might have a good week. See you on Saturday.
This is my one allowable post, so I'll end it with GO NTEK.
Thanks for the heads-up. Just proves that universal negatives are just that - negative. And usually incorrect. Hope some of those divs came your way.
QASP GO.
Suggestion: Loose your anger. Lay out your plan and execute. Only two immutable rules. Don't hurt anyone intentionally and help those in need. It'll give you a good life.
Oh, and when MYEC grows you can really enjoy it.
Maybe I can offer some examples of what Obama has or is trying to nationalize. You decide if it's good or bad by your lights. I'm not going to argue about why I believe these are examples of nationalization, either attempted or completed - just that they are examples. For instance: Medicine (Obamacare); Student loans (including forgiveness); Fannie & Freddie. fYou can argue that he just wants to wind them down. That's just semantics. You have to look at the net results of his intent. His DOJ is arguing that they can take our investments without reasonable compensation and that's "fair". I call it unconstitutional and theft. What would you call it?
So you really are just a kid.
Question for the Board. Does a PR constute notice to the investing public of information of interest to shareholders? How much before such information is provided to shareholders. If NTEK put out a PR at 11:55 a.m. on Saturday, May 17th and then disclosed the info at the Noon SHM would this satisfy NTEK's notification requirements?
Thanks for any help from the Board.
If you are interested in acquiring 617,500 shares please post here.
They are available at only $2.00 per. Thanks for your interest. Or you can see me at the SHM on 5/17.
GO NTEK.
Whitey 2 - I'm also with Scottrade and I DID receive my Divs. I guess you are going to have to check with ST. This is assuming you owned NTEK on the record date. If you recently bought then you would have had to have done so at least 3 days prior to the record date.
Good luck on your quest.
Chalmer - could you please tell us what you really think of Slick Willy?
FNMA - PPS in a northern direction would look good right about now. GO - GO - GO
10,000% increase in a year. I like your style. Since I'm down 81%, getting to .16 does seem a bit unlikely in a year - but I'll hang in there and hope you're right.
Go EPAZ.
Hate to be a spoilsport, but I have never, and I mean NEVER, seen an audited interim financial statement. That said, IMO when MYEC starts to move it could be 50-100% in a day. Say Halalooyah.
I'm still green but would like to be more so.
When are we go more about the announced PVCL stock dividend? If there is a problem, be transparant about it. Discuss the problem and explain what is being done to fix it. Since 1/15 the price per share has declined from $1.00 to $.04, so it looks like no one will get rich on PVCL. But, again, what happened to the dividend?
Unfortunately people use the term Auditor/Accountant interchangably.
This is easy to do if you are using your "Auditor" to prepare your interim (non-annual) financial statements. Although an "Auditor" will so reference it's report as audited, whereas interim statements will be referred to as unaudited. Their clients will refer to "the auditors". Whereas the auditors will refer to themselves as accountants when preparing unaudited financial statements. They're the same people, just doing different jobs. I'm not trying to go in circles on this. Rather, just trying to point out that it really should not make a great deal of difference to financial statement readers if it is an interim statement, i.e. First Qrtr Stmt. You seemed very concerned about it. I don't think it makes a diddley squats worth of difference.
Barney Frank is a Congressman - not a Senator. But your viewpoint remains otherwise just as valid.
Release FnF.
Good advice. Sometimes we just need to be reminded. Member mark for you.
Thanks for the cogent response. I understand your position. I hope no one is taken in by the sticky. It would have been better if a "sticky" had been presented which included Lockheart's previous comments and then these that are so antithetical to point out his duplicitous nature and show that what he says can not be trusted. Of course a simple way to say that is: Lockheart is a liar. Do I need to say IMO? Or, by citing his own words can it be stated as a fact?
If the Courts will protect our rights and release FnF we will not only prosper but retain some measure of our freedom. I hope Judge Sweeney will have the fortitude to allow right to prevail.
I always read Crawford with interest. In this case I think he mis-read what was posted by Blue. Blue's post was from a Rueters story which was sited and available to read. I accept that the earlier Q&A Crawford cited from Lockhart. The fact that they are in total opposition to each other does not surprise me either. Lockhart was/is a politician - a breed not often constrained by the truth or fairplay. In this case however he has the added incentive of supporting his current employer. IMO, of course.
When FnF are let loose the shorts are going to be so chewed-up that they will think ground beef is filet mignon. Let's ride this puppy.
The real problem with fighting lawsuits has to do with who has the deepest pockets.
In MYEC's case Ed would have to be able to explain how his patent is different from the Plaintiff's - and try to do it so that if MYEC went to trial and won, 1. Plaintiff would have to pay all MYEC legal fees; 2. Virtually destroy the value of Plaintiff's patent by showing in a public forum (court) that it was "yesterday's news". If Ed could show #2 above and convince the Plaintiff of how much it stands to lose it just might back off. And the attorney's keep billing by the hour.
Been holding MYEC since $.0092 and I have no plans to leave. This could just get better and better. AMHO, of course.
Detearing, Crawford, Tesla, Hereitfirst and many more who I’ve missed – Thanks for all your help in staying L&S. At times it’s been hard, Especially when my wife saw her shares down nearly 50%. Now she’s a happier camper. Thanks for the sales tools.
My real regret in all of this FnF mess is that it allows our government and many major banks take actions that hurt our country in general and citizen/investors in particular. There is plenty of blame to go around. This isn’t a Democrat or Republican thing – both parties acted without concern for us. Only for themselves and now they want to steal from us through the 3rd amendment of the Conservatorship agreement. And the big banks are all to willing to join in. All of these folks have forgotten that “you don’t kill the goose that lays the golden eggs”. All of this just shows that a lot of Congress should be retired and a number of bankers should go to jail. With luck Judge Sweeney will read the law as we do and make us whole. And a whole lot of bankers and politicians will realize that sometimes the “folks” do win.
Keep going FnF. We’ll keep holding and waiting for release. Uh, this year would be outstanding.
You may be right, but I think Berkowitz would consider challenging any law which would violate the 5th Amendment to the Constitution. Let's not forget, Congress can pass a law, A President can sign it but the Supreme Court can invalidate it as unconstitutional. If Judge Sweeney decides in our favor and with a well reasoned decision she can help us win even if Congress tries to play games.
Hope we can all hang in until release.
Hear from all the folks in Oregon. Are there are any in The OC? Would be good meet and enjoy a beer (or in my case a scotch) and share thoughts on MYEC.
Glad tomorrow is Sunday but am looking forward to Monday. Above .05 would be nice - although .06 would be better.
You are correct. The published budget called for $.59/1K. We will hope the F/S come out on the 15th so that we can see just what the revenues and profits were and compare them to the budget. However, so many had (and not really unreasonably) questioned whether divies would really be paid, it's good to see some $$ in our pockets. Even if less than we hoped for.
Your immediate question about audited stmts before divies are paid - NO audit needs be done. Basically no company is audited on a quarterly basis to determine if divies can be paid. That is primarilly a function of cash flow. One company, (WI*) earned $.40 per share and paid out a div of $1.00 and has been doing so for some time as depreciation and amortization expenses (both non-cash expenses)form a large part of their annual expenses. However, their cash flow allows them to pay an amount greater than their income. Obviously this will come to a stop at some point.
Nice announcement today & a lovely green Friday. Hey, how many will be attending the s/h meeting (besides me)?
I agree with you. However, he or she may be akin to Woodword and Bernstein's Deep Throat. Giving us insites that we would not usually be privy to. Normally I would think that such emails were covered by Attorney/Client priviledge. Of course it could also be that the plaintiff's attorney has permission to see that these are made public. It seems that this might be the case, given that the DOJ attorneys are responding in such a off-handed (may I say, snotty) manner and this just exemplifies their arrogance toward we the owners.
Watching this play out is more fun than a soap opera. And hopefully a lot more profitable.
All said is MHO.
You may be right, however the website does present some very interesting and informative information. Maybe it is a pen name for someone who has access to documents that might not otherwise see the light of day. i.e., attorney emails.
I have a very hard time understanding why the Court would allow any gag. Why should the government be allowed to redact or otherwise not provide all documents. These are not military or intelligence matters relating to the national defense. If they make some in government seem venal so be it. If they indicate that someone in government engaged in a criminal act so be it. It is time for the g'mint to work for the people - not the politicians, appointees, big banks or contributors.
I hope Blanca and others who will be in D.C. will get a hearing and that all will share their thoughts and reactions.
Fortunately you are incorrect. The income statement says that it is for the quarter ended 12/31/13. They could have also shown the totals for the year, but they did not. An Income Statement can be for any stated period. The balance sheet must be as of a specific date. It is not for a period of time, but as of a specific date.
For example, assuming you are a calendar year business and it is now January 23rd.
I can present you an income statement for the 23 days ended 1/23/xx and a balance sheet as of 1/23/xx.
This is not IMO. This is fact. I've been doing this for over 45 years. And I'm holding onto my NTEK.
Is it just me or has anyone else noticed the elephant in the TTDZ room? The company was taken over on 3/3/14. We were told that we'ed hear soon. That's 25 days ago.
How many shares are we going to get in the new company and for the dividend? Who are the new officers and BOD? Sure, the company may be working hard and doesn't need to send out junk PRs, but they should at least let the shareholders know what is happening and what actual timeframe we should be expecting. It's nice to see all the posts that show past information, but it would be even better if TTDZ management would directly inform the shareholders what we whould be expecting.
Just received a flyer (12 pgs) from "Gerald Kieft's Wall Street Resources Special Edition" touting RIHT. Gives me an uncomfortable feeling. Anyone have background on this promotor?
GLTA.
There has been much written on the budgeted dividends NTEK expects to be able to pay during this calendar year. Unfortunately, there seem to be some misconceptions as to when we will receive the money. By way of explanation I would offer the following:
1. Date of Declaration. This is the date the BOD says the shareholders are going to be paid a dividend. NTEK has not yet declared a dividend (it’s been budgeted, but not declared). When this step is taken, the dividends become liabilities of NTEK and legal obligations due the shareholders (whoever they may be on the “Record Date”). This date is always before the following dates.
2. Record Date. If you own the stock on this date you are entitled to the dividend.
3. Ex-Dividend Date: This is generally 3 trading days prior to the “Record Date” to allow the TA to determine who is entitled to be paid.
4. Pay Date: We get the money into our brokerage accounts – usually after the close of business. (This does not include any s/h who may hold actual stock certificates. They will receive paper checks or direct deposits to their bank account). This is usually 1 – 60 days after the Declaration Date, but may be 8-9 months after Declaration.
Although many companies declare dividends at about the same time that they announce quarterly earnings, it is not required. Dividends can be declared by the BOD at any time they determine the company has the ability to pay them. So, since Lorraine (NTEK IR) has written me that NTEK will be announcing its quarterly results on April 15th, they can declare dividends at any time, but probably near that date and payable within 30 – 40 days thereafter. But, until the BOD declares a dividend, nothing happens.
If NTEK is declares this year’s budgeted dividends, they will be paying at a rate of 2.63% based on today’s closing price of $.10. If NTEK goes to $.25 per share the dividend rate would still exceed 1% - better than a savings account and capital gains too. Go NTEK. Declare the dividends. GLTA
I don't know what you might mean by "soon", but based on my prior post of an email correspondance with Lorraine in IR, no declaration of a dividend nor date of record should be expected until after the publication of the past quarter financial statements on April 15th.
This is not a scold, but just trying to prempt posters saying no announcement means no divs when we've been told about the timeline, and it has'nt been exceeded.
GLTA
Interesting article. I wrote to the author (David Z. Morris) at FORTUNE magazine and pointed him to MYEC and told him what it is able to do NOW. Maybe he'll follow thru.
Thanks for a "real customer" vote of confidence. Hope your dad does real well with his listing on SEEK/