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well if they have millions in unpaid payroll taxes they are doing business.
They Seem To Keep Track Very Well (the IRS) If You Make A Capital Gain Though.
Others Do Need A 10K. That's The Problem. Too Many Good Quality Stocks To Go After.
I'm As Wishy Washy As Ntro. That's All. It Goes Up I Go Up. It Goes Down I Go Down.
Where's The Proof? No 10K , No Proof. A Press Release Is No Proof
A Few. There is no demand for NTRO.............. It's not well known. Investors don't care if it is/becoming very profitable. You can add that the 10K being a press release was a big shocker.
AND the large caps are where everyone is putting their money.
However, if NTRO were to be sold the book value would be at least 5 - 10 cents a share based on pd and pud. This is per WK.
Next Up Press Release Indicating The Quinlan Project Is Fully Operational At 60-65 BOPD.
S/B Within 2-3 weeks.
Yes. That's why there has to be a high return on investment. As for pink sheet pennies I am about done with them myself. Transparency/Liquidity/Dilution are major problems. If the stock is a penny but listed on NASDAQ, AMEX OR NYSE I'll consider buying.
A Press Release STILL Provides Transparency. NTRO Is On Public Record As To The Numbers Released. Anything contrary would constitute wire fraud.
Just 1 year ago they issued stock to survive. Do you want NTRO to spend precious money, time and energy on accounting that brings in no money?
I would proceed exactly as Jim has pulling money out of the ground.
NTRO was over $.02 Jan/Feb 2011. They Had Nowhere's Near The Revenue they do now.
The Mention Was Strictly In Regards To Uplisting NTRO To A Higher Exchange. This was said as a way to increase the pps signigicantly. This is a positive usage of a RS.
The $40,000 Refers To The Auditing Expense For The 10K. It's required to be audited.
I'm looking at a R/S for business promoting reasons ie. A listing to a higher exchange such as NASDAQ or AMEX. Also, institutional investors can't invest in a stock < $5.00 (off the top of my head).
What's RS'd.
Stock is not dead at all. 60-65 bopd from the Quinlans alone.
Baseline of $6000.00 to $6500.00/day. Several million a year revenue.
also he mentioned he had approx 6,000,000 million shares (this should be public domain so i'm stating it). trying to see if i coulkd motivate him concerning rising the pps for his own benefit.
If there is no dilution it is not. It would be done to list on a higher exchange such as the NASDAQ, AMEX or NYSE.
Here's The Press Release In OILVOICE:
http://www.oilvoice.com/n/Nitro_Petroleum_Incorporated_Financial_conditions_and_results_of_operations/387b92697af4.aspx
When I stated $1.00/share things would have to be perfect.
Uplisting to a higher exchange, a R/S to do so such as NASDAQ.
Aquisitions would have to happen that would pay off.
NTRO would have to become a bigger company by whatever means.
Ok. Talked To Jim B. Intent was not to defraud, but to inform the best NTRO could without tge expense. I indicated to him a 10k could be filed unaudited if a financial hardship presents itself. He responded he will talk to his Securities Attornies to see if it can be done.
He sounded true, humble and earnest.
Still something was stated that didn't exist; a 10k.
I have a email in to IHUB Admin outlining what appears to be wire fraud.
You Have Got To Be Kidding.
Gobboldy Goop.
NTRO'S press release was a FRAUD. BUNKO.
I Find It Amazing NTRO Supposedly Got The 10K Out In 43 Days. 10K's Have A 90 Day Statutary Time Frame. Here they are getting it out exceedingly fast. Couple that with the fact all prior filings WERE late.
Here's An Email I Sent To IR At NTRO:
Investor Relations,
I fail to find the most current 10K filing listed with the SEC's Edgar search. Is it available anywhere to be viewed? Was it audited (the SEC requires it unless, I believe, it presents a financial hardship on the co.)
Yours truly,
Something Stinks. No 10K Has Been Filed With The SEC. Their Press Release States The 2012 Financials were out.
If it isn't filed with the SEC it doesn't count.
I have an email in to NTRO IR concering this issue. No response as of yet.
Correction. Downtrend Starting.
That's Correct. Uptrend Just Starting.
We had a few days of run ups and a gapper. This is VERY normal consolidation.
In my opinion it was way TOO risky to sell at $.0145 and hope to by in at a lower price.
Registering and uplisting will take this stock much higher (I dare say $1.00 plus). But it will take perfect years ahead.
I Just Checked The SEC Filings For NTRO; The 2012 10K Is Not Posted Yet.
http://www.sec.gov/cgi-bin/browse-edgar?company=nitro+petroleum&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
Yes Banks Are Up. Crude Reserves Increased A Million Plus Barrels. And Once Fins Are Out On A Co. Interest Wanes.
However, NTRO'S fins were ultra impressive. NTRO is very much making it on their own.
There Goes The Big Sellers At .015 Again. They Calmed Down For A Few Hours. 10,000×100 Nite @.015.
Your Right It Is Up. NTRO @ $.014. All Green Volume (two 1000 share reds). No Gap (those that gap scare me).
Take This Loss In A Year That You Have Strong Capital Gains. You Can Take The Total Loss Up to the capital gain. $3000.00 can exceed. The rest will carry forward forever.
Yes It Did. 20 sma @ .011. 50 sma @ .009. Crossover Ocurred.
Yes. That was her estimate. You can hear the recorded broadcast by seeing recent NTRO videos- Stt Radio broadcast or the March 8, stickie.
Those Numbers Were Given By The STT Talk Show Host QTGal On Last Nite's STT Broadcast. Those Were Her Figures, Not Mine. I don't know where/what she is basing that on, but it was definitely stated. She also stated currently it was $70,000+++/month. But 10 days it would all be onboard. I am only relaying what I heard.
Looks like orders aren't getting filled. What a surprise (facetiously of course).
There Is The NTRO Smoking Gun. The Quinlan Project Alone Is Projected To Have $205,000 To $276,000/Month Within The Next 10 Days.
10k out by the 14th - a guarantee.
Aquisitions and joint ventures in the pipeline.
This company will grow by leaps and bounds.
A higher exchange uplisting will pounce this stock fast.
Nice. Your Post Is A Very Accurate Depiction Of Current NTRO Production AND A Very Accurate Forward Looking Business Outlook.
Here's An Email I Received From NTRO On March 2, 2012:
Dear Investor Relations,
Concerning the Quinlin Wells:
1. Quinlin #1 well. Is the production of this well currently 7-8 BOPD? Or is it 15-20 BOPD? CURRENTLY 7 TO 8, BUT ANOTHER CEMENT JOB TO REPAIR HOLES IN CASING SHOULD INCREASE TO 15 PLUS PER DAY, ESTIMATED.
2. Quinlin #2 well. Current production 18-20 BOPD. CORRECT.
3. Quinlin #3 well. Currently 3-5 BOPD. After the implimentation of the submersible lift the oil production is anticipated to be 30-45 BOPD. Is that a correct statemyent? YES.
Alot of your BOPD are probably a good figure as a forward looking statement goes. However, current production is significantly less.
You always want to buy a stock that's moving up. Sure you're averaging up but you're still making money.
It's Really Thin To $.03 Never Mind $.02