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Reorganization is out>>>>>>>>>>>>>>>>>>>>>
Comments on the other board by a poster who reads court filings. This is not available yet to us, but should be this weekend.
Here are some highlights. First the big one
1. All holders of Equity Securities in debtor will retain their Equity Securities. Class 9 is unimpaired under the plan. THAT IS US, we do NOT lose our shares.
2. Looks like Unsecureds get a note payable and sucurity interests in all of Z's assets. Looks like Z is planning on using the sale of PHX, Dillon, part of Brazil and all or part of the HS JV's to raise the money to pay people off over time.
1st blush is it seems generous that Z's shareholders are left whole but this appears to be due to a believe by the UCC that they will be fully paid, with interest after Z has had a chance to sell assets in an orderly fashion.
3.All Non-employee director's option reprice to the greater of 20 cents or the stock price on 11/30 unless this would increase an option price. THIS ONE SUCKS
4. Employees stock option will also reprice. This one is okay and acceptable, expect for Leo's.
5.Effective date of Plan is to be 11/30/2010
More will follow, but this is HUMONGOUS NEWS
Strong close--somebody know something I don't??
I hope somebody knows something I don't. 129,000 shares of the days total 235,000 shares were bought at the ask in the last 9 minutes.
Price Size Exch Time
0.13 10000 OTO 15:59:47
0.13 20000 OTO 15:59:11
0.13 20000 OTO 15:58:32
0.13 20000 OTO 15:57:51
0.13 15000 OTO 15:56:56
0.1275 5000 OTO 15:56:27
0.1275 2000 OTO 15:55:16
0.1275 5000 OTO 15:55:16
0.1275 20000 OTO 15:53:47
0.1275 12000 OTO 15:51:40
0.1275 1000 OTO 15:25:46
0.1252 5000 OTO 15:21:41
0.1252 5000 OTO 15:21:38
0.127 10000 OTO 15:20:54
0.1275 10000 OTO 15:20:53
0.127 10000 OTO 14:51:07
0.1275 3300 OTO 14:22:42
0.127 5000 OTO 14:10:45
0.13 1000 OTO 12:06:32
0.127 600 OTO 11:40:24
0.127 1000 OTO 11:36:49
0.13 350 OTO 10:46:27
0.13 3500 OTO 10:46:27
0.13 10000 OTO 10:43:31
0.13 10000 OTO 10:27:50
0.13 10000 OTO 10:15:04
0.13 500 OTO 09:57:36
0.13 10000 OTO 09:52:22
0.127 500 OTO 09:45:01
0.13 5000 OTO 09:32:08
http://finance.yahoo.com/q/bc?s=NTRZQ.PK&t=1d&l=on&z=m&q=l&c=
The Golden Cross shows up tomorrow!!!!
The golden Cross is when the 50 day moving average crosses and goes above the 200 day moving average. The two are .002 apart today and should show a cross tomorrow. Some stocks get a bump when this happens. But, it looks like nobody is watching the stock anymore, so it will probably go unnoticed.
http://www.trade-ideas.com/StockInfo/50_day_sma_crosses_200_day_sma.html
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=0&mn=3&dy=0&id=p93007356441
GL ALL
Weston Presidio--owner of HerbalScience WOW
WOW, did I ever find a couple of dynamite articles about the buyout of HerbalScience in August 2007, just before The JV with NTRZ was formed. It has NTRZ written all over it. It appears that Aisling Capital either merged with Weston or sold it's share to them. The last sentence of the first post really says something that may be NTRZ, "We are looking forward to building an international brand through commercialization of the technology with partners in high growth consumer product areas."
Earlier it says, "HerbalScience has a premier management team, and we look forward to working with the team to bring a new focus of quality functional food ingredients at the intersection of healthcare and wellness."
Is this NTRZ or what?????
Could this be NTRZ's future. I have no idea, just possibilities.
THIS IS DYNAMITE STUFF, FILLED WITH POSSIBILITIES!!!!!!!! THIS COULD BE FUNDING AS WELL AS DISTRIBUTION.
http://www.lohas.com/articles/100600.html
http://www.medindia.net/health-press-release/HerbalScience-Nutraceuticals-LLC-Announces-That-Aisling-Capital-and-Weston-Presidio-Have-Completed-a-Convertible-Preferred-Unit-Investment-1291-1.htm
This is just possibility thinking, I have NO idea what NTRZ has planned. Buy at your own risk.
trop---"Z" is just short for NTRZ
trop--NTRZQ is scheduled to have it's reorganization plan in on or before August 31st, final exit is unknown. They could announce if we keep all our shares or not in that reorganization plan. In reply to your other post, it would be normal for NTRZQ to go down and test the 200 day moving average after a nice rally it has had since May 1st. The 200 day is at .105 this morning. An interesting note, Z is about to have "The Golden Cross" maybe Monday or Tuesday. That is an important point where the 50 day moving average crosses the 200 day moving average. A nice little bump in price often happens when they cross, but not always.
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=0&mn=3&dy=0&id=p53995229716
Legal invoices>>>>>>>>>>>>>>>>>
If you want to see what I am talking about with the poster getting information from legal invoices, join the following group. You can click "Hide your IP" if that kind of stuff scares you.
Once you join go to files and read away for 24 hours from now and then they are erased.
It says VLTV, but that is not a mistake. The poster at Yahoo had that sire from days in the past when VTLV was part of NTRZ.
http://finance.groups.yahoo.com/group/VitalLiving/
LA, Cal and Texas rice crops look great
Look on pages 7 & 8
http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-06-14-2010_new_format.pdf
Related story from WorldGrain>>
WASHINGTON, D.C., U.S. — The U.S. Department of Agriculture's Economic Research Service’s June 11 Rice Outlook report forecast rice production at a record 244 million cwts, up 11% from a year earlier.
The report also indicated a 3 million cwts reduction in the total supply forecast from last month to 293.4 million cwts, still the highest on record. ERS forecast the carryin decreasing 2 million cwts to 28.4 million, the smallest since 2004-05 and the 2010-11 import forecast decreased 1 million cwts to 21 million cwts, still 5% above a year earlier and the second highest on record.
On the use side, forecasts for both total domestic and residual use and for exports increased. The ERS forecast total domestic and residual at a record 139 million cwts. U.S. exports in 2010-11 are projected at 109 million cwts, up 2 million cwts from last month's forecast and the highest since 2005-06. Overall, these revisions resulted in a 6 million cwts reduction in the ending stocks forecast for 2010-11 to 45.4 million cwts, up 60% from this year and the highest since 1986-87.
The 2010-11 U.S. season-average farm price for long-grain rice decreased 25¢ on both ends to $9.75-$10.75 per cwt, well below a revised $12.85-$13.05 in 2009-10. The combined medium- and short-grain 2010-11 U.S. season-average farm price remains projected at $14.50-$15.50 per cwt, down from a slightly revised 2009-10 season average price of $17.75-$17.95. In 2010-11, the ERS said U.S. prices will be pressured lower by weaker global prices and larger U.S. and global supplies.
http://www.world-grain.com/news/headline_stories.asp?ArticleID=109570
ADM plans expansion by acquisition and organic expansion
Why is NTRZ in BK. We fit everywhere, AGHAST!!!
Story>>>>
PARIS, FRANCE — In a presentation to investors at the Deutsche Bank 7th Annual Global Consumer Conference in Paris, France on June 15, executives of Archer Daniels Midland Company (ADM) outlined the company’s plan for profitable growth, laying out an agenda that includes acquisition and organic expansion. The executives also announced the return of flexibility to repurchase shares.
"We continue to aggressively pursue profitable growth. We are advancing our efforts to expand the types and volumes of crops we originate and process, the size and global footprint of our core model and the range of products we make from crops," said Steve Mills, ADM executive vice-president and chief financial officer. "Today, we’re discussing that plan as well as our flexibility to repurchase stock. We are committed to growing our business and to building shareholder value. ADM’s strong earnings performance and recent debt buybacks have further improved our already-strong credit metrics. We will use our enhanced financial flexibility to expand the asset base, to buy shares, or to do both. After a period of limited ability to buy our own stock, we again have the option to repurchase shares, which we can use along with organic growth and acquisitions to deliver value to our shareholders. The ultimate size of the buyback will depend on a variety of factors including share price and market conditions."
Regarding ADM’s overall plans for profitable growth, the company said it continues to seek investment opportunities that build upon the strength of its core business model of crop origination and processing. "We will expand our origination and processing activities as market demand grows, or as acquisition opportunities present themselves. And we’ll continue to work to identify additional opportunities that can connect to and leverage this value chain," said Mills.
http://www.world-grain.com/news/headline_stories.asp?ArticleID=109574
Simebody must want all or a part of NTRZ============
Look at all the action recently in the buyout and expansion in the "healthy foods sector". And I don't know them all. All but the first link are just this year.
http://www.veganstreet.com/community/buyoutwatch.html
http://www.heraldscotland.com/business/corporate-sme/souter-adds-to-portfolio-with-nutrafeed-deal-1.1033965?localLinksEnabled=false
http://www.flex-news-food.com/console/PageViewer.aspx?page=30541
http://www.foodprocessing.com/industrynews/2010/033.html
http://www.foodprocessing.com/industrynews/2010/030.html
http://www.bakeryandsnacks.com/The-Big-Picture/Consolidation-in-European-bakery-suppliers-market-forecast
http://www.24-7pressrelease.com/press-release-rss/sweet-leaf-tea-acquires-tradewinds-beverage-co-144849.php
http://www.foodprocessing.com/industrynews/2010/056.html
http://www.foodnavigator-usa.com/Financial-Industry/Tata-Tea-and-PepsiCo-ponder-healthy-drink-venture
http://www.nutraingredients.com/Industry/Coke-investment-may-force-Innocent-to-grow-up
I am still puzzled by the DIP financing being extended to November 4th and NTRZ wants the Wells Fargo financing to extend to December 31st. To me that implies that Wells Fargo won't be needed after that date, why? Maybe their is a legal explanation and WFC continues after that, but inquiring minds what to know what's up. I hope for a bog partner such as JBS was for Pilgrims Pride who was also in BK at the time, and PPC stock closed as low as .25 before that.
http://stockcharts.com/h-sc/ui?s=PPC&p=D&yr=2&mn=0&dy=0&id=p10912941872
GL ALL
thinkingStone------------First of all, if NTRZ stock were to not survive, but the company does, then NTRZ could issue new shares of options. So, the fact that he got these does not mean the stock survives. On the other hand, I doubt VERY MUCH that they would issue a large amount of options if they thought the stock was going to fail. Also keep in mind that these are worthless now with an exercise price of .20. But if the stock goes to $1.20, he is an instant millionaire. And if the stock goes that high, just maybe he is worth in it what he did to help the stock get there.
Dale Belt is the most respected CEO that NTRZ has ever had. Olga did a fine job and she helped save the company by facing Brad and basically telling him "You"re fired". Here is a little bit on Dale>>>>
http://www.sierracgllc.com/ourprofessionals.php?pID=1
GL ALL
Legal filings suggest settlements with creditors.
This is from the other board, the poster who goes through legal filings that you must pay 8 cents a page for says>
"On thing that stands out is that Z will not likely be paying off unsecured creditors at 100% on the dollar in cash. It would options could be paying off over time (with interest) or some other option. This does not mean share holders will not be keeping their shares and it does not mean unsecured creditors may (or may not) get an equity kicker as well. This seems to be an impetus for getting good valuations on Z's assets."
It looks like a lot is coming together at the same time.
1. The possible settlement of the debts settled .
2. Cadigan leaving which signals the fact that most of the BK work is done.
3. The hurry up comment on the HerbalScience appraisal to be done by June 9th.
This is no coincidence. My guess is a MAJOR announcement before the end of the month and a loan on Irgovel as part of it. At least, this is my hope.
GL ALL
New CFO announced>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
It looks pretty good to me and I have a hunch that the former CFO(Cadigan) got his basic work done. Cadigan was very expensive and the new dude, J. Dale Belt has been with NTRZ as a financial adviser since November of last year. He is a turn around specialist and is fully involved and has knowledge of NTRZ's situation. I call it a plus for two reasons:
1. Cadigan had a huge salary
2. This must mean that Cadigan's work is done and we don't need him anymore.
Best quotes from Short in the PR>>>
1. "As a key member of the senior management team Bill was instrumental in helping us position our entry into Chapter 11 in a manner that will allow us to exit a stronger, more viable company."
2."We are equally pleased to have a financial professional of Dale's caliber and experience step into the permanent CFO role. His turnaround experience coupled with his financial and operating expertise will contribute significantly to our completing a successful restructuring of the Company as we work toward an exit from Chapter 11 later this year."
I call this a small plus and definitely NOT a negative.
http://finance.yahoo.com/news/NutraCea-Appoints-New-Chief-prnews-96040714.html?x=0&.v=1
GL ALL
Bright Foods/General Nutrition JV could help NTRZ
This is a 4 months old story I missed, but Bright and GNC are forming a partnership for the "nutritional products industry".
This could be an automatic distribution network for NTRZ's nutraceuricals, don't ya think???
http://gov.ulitzer.com/node/1283693
GL ALL
The story is bigger now Roscoe>>>
When the stock was at it's peak, the following were not known.
1. Rice Bran oil plants
1.A. Deoiled bran from the oil processed and stabilized into a usful product.
1.B. RiBran made out of the DOB that can be used as meat filler replacing the unhealthy soy protein at 1/2 the cost.
1.C. China interested in RBO plants
1.D. Irgovel rice bran oil plant was not yet announced
2. The Herbal Science 2 joint ventures were not inked until January of 08, so all the nutraceutical and pharmaceutical potential was not known 3 years ago.
3. Stabilized wheat bran was totally unknown 3 years ago.
So Roscoe, those points and the original story of NTRZ turning waste into the most nutritious food on earth with a shelf life of up to 2 years makes NTRZ an even bigger story today.
At a time when the economy sucks and if NTRZ can get some projects rolling the stock will not have much competition form other growth stocks. I believe it possible for NTRZ to be the next super stock. Maybe not a Microsoft, but how about
1. TASR in 2003, It went from .31 to $26.67 in 13 months.
http://finance.yahoo.com/q/bc?s=TASR+Basic+Chart&t=my
2. Or my favorite Bally Technologies that went up over 100 fold in the bear market of 2000-2003. It went from .16 to $19.5 in 2 years
http://finance.yahoo.com/q/bc?t=my&l=on&z=m&q=l&p=&a=&c=&s=byi
3. Food stocks can go as well, how about Medifast in 2002-2002. It went from .18 to $17.00
http://finance.yahoo.com/q/bc?t=my&l=on&z=m&q=l&p=&a=&c=&s=med
4. a lousy egg producer who went from $1.56 to $17.44 in 2003.
http://finance.yahoo.com/q/bc?s=CALM&t=my&l=on&z=m&q=l&c=
I am All in.
Interesting chart stuff>>>>>>>>>>>>>>>>
The 20 day moving average crossed the 200 day moving average. The big deal will be when the 50 day moving average crosses the 200. That is called The Golden Cross. The 20 day moving average has not been above the 100 day since the decent started 3 years ago.
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=0&mn=3&dy=0&id=p53995229716
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=3&mn=0&dy=0&id=p86549419408
The Chaikin Money Flow Index(CMF) is as green as it gets and the Ichimoko Cloud has been clearly penetrated. That was penetrated twice before on the way down, but not as decisively as now and the 20 day moving average did not cross the 200 day the other two times.
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=3&mn=0&dy=0&id=p56093040590
I know that charts don't work that well with bulletin boards, but fun to look at anyway.
GL ALL
The world needs NTRZ NOW
Check out this today's Yahoo article>>>>
http://news.yahoo.com/s/ap/20100606/ap_on_he_me/going_hungry
Enough said
Could the new assault on Glucosamine Chondroitin help NTRZ?
NTRZ at the December shareholders meeting talked about nutraceuticals made from SRB extracts. One is for joint pain. I have no idea if Glucosamine Chondroitin will be in the product, but their is a new assault on it in Germany. I don't see and studies showing it is harmful or that it does not work as advertised.
If NTRZ's product is all natural, it could be beyond humongous. I don't know what is in it or if Glucosamine Chondroitin could be pulled from if it is in it.
It seems to me that the German story is mostly political, but a sign of the times. If NTRZ could partner with a big pharma company it could be very beneficial because I feel big pharma is behind the attack on alternative medicine.
Any thoughts or comments by anybody?
http://www.nutraingredients.com/Regulation/German-courts-pre-empting-EC-joint-health-claims
http://www.livestrong.com/article/54059-glucosamine-chondroitin-side-effects/
BDO Seidman is experienced in Health Care, Pharmaceuticals and Biotechnology as well as food. They are in 115 countries and that should cover all the ones NTRZ will be in. I don't see them coming to a firm that is currently cooking the books and has no future. This should be a no brainer for the BK judge to approve them as auditors.
Also, by the filing it looks like Perry Smith has audited 2009 figures. So, hiring BDO should not slow down reorganization at all.
http://www.bdo.com/industries/
http://www.bdo.com/about/
GL ALL
nsomniyak----------------June 9th is just the date Short wants the HerbalScience appraisal done. From there, a loan must be finalized and that can take a month. So, June 9th is not necessarily a key date by itself. The key is that Short wanted the appraisal done then. I think the Reorganization plan will be out before August 31st. We could get something major in June, but no guarantees.
The transparency has really increased the past two weeks. I hope it continues.
nsomniyak, I don't have an iHub account at this point in time(may get one soon) and can't respond privately. You(or anybody) can email me at the_6th_cents@yahoo.com anytime.
Two new entries on the restructure button>>>>>>>>>
http://www.nutracea.com/
In the one on the top, on page 6 of 83 it says,"As to all the leases, Debtor has the ability to perform in the future, as evidenced by it's improving financial condition and the modest amounts of lease payments."
Sounds to me like we do not lose our shares. Current shareholders would have grounds for another lawsuit if that was not true, and Short has an unblemished record with 10 years at Citibank and after that he turned around 3 companies.
The Other board??? Someone wanted to know. The link will be below. Warning, the other board can be bizarre. They post music all weekend and have a lot of OT fun. I admit to joining in with that. This board is all business and I like it. When the stock soon gets moving, the other board will have way too many messages and this will be the the best board then too.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/forumview?bn=47300
It's about time NTRZ fired the auditors that overlooked all of the previous CEO's crap>>>
http://biz.yahoo.com/e/100601/ntrzq.pk8-k.html
2 nice trades at the ask today, late in the trading day>>>>>
Price Size Exch Time
0.13 38500 OTO 15:58:29
0.13 3000 OTO 15:58:20
0.13 500 OTO 15:35:19
0.125 7596 OTO 15:35:02
0.125 2601 OTO 15:34:14
0.13 1000 OTO 15:18:51
0.125 1000 OTO 15:00:58
0.13 1000 OTO 14:36:38
0.125 3400 OTO 14:25:48
0.13 10000 OTO 14:19:44
0.13 10000 OTO 14:19:36
0.13 10000 OTO 14:19:11
0.13 600 OTO 13:46:16
0.1299 50000 OTO 13:34:46
0.13 7500 OTO 13:27:30
0.13 500 OTO 13:18:21
0.1205 3000 OTO 13:14:19
w 0.13 11253 OTO 10:43:36
0.13 3257 OTO 10:38:25
0.13 5000 OTO 10:38:17
0.13 490 OTO 10:37:47
0.13 300 OTO 10:03:46
0.13 1000 OTO 10:03:31
0.12 300 OTO 10:02:35
0.13 5000 OTO 10:01:46
0.13 1000 OTO 09:48:57
0.125 1500 OTO 09:32:35
0.1101 6000 OTO 09:30:22
0.1101 1955 OTO 09:30:13
Herbal Science and NTRZ have 2 joint ventures. One is for nutraceuticals where NTRZ gets 80% and HS 20% and another for pharma where Z gets 50% and HS 50%.
Hebal Science is doing all the development. HS also has a JV with Bright Foods and NewChapter. NewChapter is interesting because it has many plant extracts on the market right now.
Herbal Science was given money years ago by the Singapore government to find a cure for the Avarian(Bird) Flu. They bought the extraction equipment for that propose. Only two other machines exist, one is owned by the US government and the other by Germany. They can supposedly get down ti the real valuable part of the plant.
Supposedly pharma companies who have patent exclusivity for a certain number of years can get it extended by adding other components and Z has such components as rumored. There is a rumor that NTRZ has a pain nutraceutical as strong a Vioxx was, but safe because it is natural. Also a diabetes patent came out early in the year that shows that Z has a product that can reduce insulin intake by diabetics by 50%, and NOBODY has such a product. As well as a immune system product is rumored to help aids patients. All this was discussed at the shareholders meeting last December.
http://www.flex-news-food.com/console/PageViewer.aspx?page=13456&str=Ingredients
http://v3.espacenet.com/publicationDetails/biblio?CC=US&NR=2010015258A1&KC=A1&FT=D&date=20100121&DB=EPODOC&locale=en_V3
From a poster at another board, and I know a guy who was there and says the same>>>
I was told by people who were at the shareholder meeting themselves that there were peopel there from the Pharma side of the equation. They were told the upside here is beyond tremendous. From what I have learned some of the trials have been done, but BE decided to lavishly furnish a office building instead of paying for the trials. This is money that is owed so we can get the results. I don't know what the exact amount is, but I believe it to be in the six figures. I believe getting this and further info. on this front is a priority on Short's list. I know there is ton of interest in NYC from companies and institutions alike on this front alone.
Some of this has to do with Pharma drugs coming off patent exclusivity. If these companies can tweak their receipe by adding a NTRZ ingredient that changes the formula so to speak they can extend their exclusivity before it goes to generic. This is worth billions to them. I am not a biotech guy so don't quote me on this, but I know enough and I know who is looking. If Ntrz can prove to the world that they can add value on this front it's worth a TON of money to the bottom line. There are many potential applications and avenues to explore within this realm so it should be interesting. I know it is something that BE talked about, but never did anything with. Short,is doing something about it.
I could go on.
Thanks Roscoe-----but I do get a lot of help from another message board plus I have a good friend who does not post who is an accountant and he tips me off to info in the filings, such as the June 9th add on by John Short about the HerbalScience appraisal.
GL ALL
"Known Parties"-Itochu, Alothon, Riceland, Bunge, Riceland
Bigbass posted a little about this and got me interested a bit more. On the 5/19 entry on the restructure button about Lakeside getting Z a loan on Irgovel, these is a list of "Known Parties" from which Lakeside only gets .5% for arranging a loan through them instead of 2% if they find a new unknown lender"
Well, the list includes Itochu/Oilseeds International, Alothon, Angus Irawan, Bunge, Bright Foods, and Riceland Foods.
Well folks, the only one I have ever heard mentioned is Bright Foods. If the rest on the lest have shown interest in NTRZ it is news to me. Could there be deals waiting in the wings with these companies.
Here is a bit about a couple on the list I never heard of. They could lead to HUMONGOUS deals.>>>
http://www.itochu.co.jp/en/business/food/
http://www.alothon.com/
To be objective, maybe these groups have been contacted and are not interested for all I know, but the geography is such that strategic partnerships with all of them would almost cover the world.
On the other hand, maybe Short already has the financing lined up and the Lakeside filing was just a formality. With the urgency of the Herbal Science appraisal, my guess is that Short has the money lined up. At any rate, we should know relatively soon. I hope by July 4th, but my hopes have been wrong too often.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
June 9th--What's the hurry John????????
If you look at the filing about HerbalScience on 5/26 on the Restructure Button on page 10 you will see that after Short signs the form in his hand writing he adds "target completion June 9, 2010". What is the hurry???
Also, why would Z hire Columbia and pay them $20,000 to assist in developing 5 year financial projections for two non producing joint ventures with HerbalScience??? And why would the BK judge approve such a move?????
OBVIOUSLY Columbia will have access to information we shareholders do not have. They will have to get information from customers or potential customers and not just NTRZ's opinion. Maybe Z is selling nutraceuticals right now. We have had no filings since the end of 08.
5 year projections are what are needed for buyouts or partial buyouts or strategic partners. Z did not need this for Irgovel's appraisal, so why for HerbalScience???? And how can anybody make a 5 year projection with what we shareholders know.
We can only speculate. The filing says, "for possible use in connection with one or more financial transaction and for use in formulation a reorganization plan". But, why was this 5 year projection not needed for Irgovel???????????
Many possibilities exist
1. Lakeside will get NTRZ a loan on Irgovel and the loaning institution wants to know more about HerbalScience. But this does not explain why Lakeside did not have to project Irgovel revenues 5 years out.
2. "A financial transaction" may be a joint venture in the nutraceutical or pharma JV's with HerbalScience.
3. Maybe Z will sell off one part of the JV's, especially the pharma JV. This would give Z money to develop China and expand Brazil
There are many possibilities, but the June 9th is the key for us. What ever is going to happen to NTRZ will probably be known soon. And whatever it is, it is shaping up to be HUMONGOUS. Remember, we are not dealing with Brad anymore(Dear God, Thank You on that).
I would be thrilled with a loan on Irgovel that pays off Z's creditors and then we get nutraceuticals rolling. Then get strategic partners for oil expansion. But, I really think Short is on to something much bigger than that and by July 4th we could really have MAJOR FIREWORKS.
Thoughts or comments?
bikeguy $$$$$$$$$$$$$$$$$$$$$
Thanks for the updates, I have been really lax lately.
The big little clue of a possible signed deal by year's end$$$$$$$
I have mentioned this before, but I feel the clue is HUMONGOUS. On the home page "Restructure Information" button, the entry on 5/13 "Motion to Approve Renewal and Extension", the PDF file says the following on page 4, point 14., "Debtor has requested that Wells Fargo extend the maturity of the Revolving Credit Facility through December 31, 2010, and Wells Fargo has agreed to do so,....."
NTRZ got the DIP extended 6 months to November 5th. Why would NTRZ ask for 2 more months? This is very telling.
1. Why ask now? Couldn't they get it extended at a later date?
2. Why 2 months? What not 3 months, six months or whatever?
3. How do they know now that they need those two months?
4. The statement implies that NTRZ will not need that money on January 1,2011, how do they know that now?
The only business answer I can think of is that NTRZ has a deal that will close around the end of the year. We have talked about possibilities,
1. A big loan secured with Irgovel
2. A JV
3. A strategic partner(S).
I think a loan is possible. We could get a huge JV with a legitimate JV fee(unlike Brad's PAHL deal), but I don't see how we could get a ton of money.
A strategic partner like JBS became for Pilgrims Pride is my favorite. But, JBS buying 64% of PPC is like 200% dilution. PPC in BK was as low as about 20 cents, but JBS paid over $8.00 for the shares. Short will have to get the NTRZ price up substantially from here for it not to dilute us to oblivion. I hope that Short has a plan to get the stock up like PPC did before the announcement, if there is one.
But think about it, even if it went for 50 cents, the stock is then worth that much. And from .1275 that is a 400% gain. But many need more than that to get even. I really hope Short can get over $1.00 before such a deal is announced. After a partner deal, the stock can certainly rise with nutraceutical deals, pharma deals and oil deals.
All I know for sure is that we will know a ton more information by August 31st when a reorganization plan MUST be filed. What ever the deal is will be known by then and the deal will close around the end of the year.
WARNING: I am just putting up possibilities and hopes. I have been wrong with these many times before.
http://www.nutracea.com/
http://stockcharts.com/h-sc/ui?s=PPC&p=D&yr=2&mn=0&dy=0&id=p06652547176
The chart looks interesting>>>>>>>>>>>>>>>>>>>>>>>>>
If you connect the little tops in July thru November 2009, it goes to about .09 extending the line to now. We broke through that declining resistance line yesterday. Today we broke thru the important 200 day moving average. I would not be surprised to see a test of that before tomorrow is over. That might be the last chance to buy cheap, if it even dips at all. That .115 minutes ago might have been the test.
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=2&mn=0&dy=0&id=p11106252424
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=0&mn=3&dy=0&id=p53995229716
I know charts don't work as well for bulletin boards a Q's, but it's fun to look at anyway.
There is hidden news today. On Z's website Restructure Button is a new entry that shows Z is looking for a $5 to $15 million dollar mortgage on Irgovel. Could it be used to get us out of BK by paying all the creditors??? Time will tell on that one.
Rhino
You heard it first from me, and 2nd and 3rd and 4th and 5th etc. I am the boy that cried, "Stock Wolf" I finally got a good call on it. I made big add ons at .068 and .072, but I still need more to get even on my cash pig.
http://stockcharts.com/h-sc/ui?s=NTRZQ&p=D&yr=0&mn=3&dy=0&id=p53995229716
Thanks Rhino
thinkingStone
I believe this"restoring value for our shareholders." caught the attention of some newsletter writers as well as you and me. A poster on another board I believe who is tied to the BI Report, Tom Bishops newsletter, he posted today for the first time since last summer when Tom was bullish on NTRZ. He posted about that same phrase.
What I hope is that more penny newsletter writers pick up on NTRZ as well over the next few days, and that will add fuel to out cause even if no more PR's comes out.
GL ALL
Roscoe
You missed the sign up period which ended almost a year ago. And if you had, with the relatively low settlement, the lawyers will probably get 99% of the settlement and the gold mine and NTRZ any you get the shaft.
nsomniyak
Yes, it's almost too good to be true that we got something for our insurance. There could be some costs before it's all over, but nothing major. Also, warrants or stock could have been a part of it as well, and there are none.
Also Shorts comment about building shareholder value was a very clever way of saying that our shares will NOT be wiped out.
I think .085 is in the past forever.
GL ALL
settlement PR>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
http://finance.yahoo.com/news/NutraCea-Announces-Settlement-prnews-3288753.html?x=0&.v=1
PHOENIX, May 18 /PRNewswire-FirstCall/ -- NutraCea (Pink Sheets:NTRZ.pk - News), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that it has reached a complete settlement of the securities class action lawsuit initially filed on February 29, 2009. The settlement of the consolidated class action suit is subject to preliminary and final approval of the United States District Court for the District of Arizona and the United States Bankruptcy Court for the District of Arizona.
Under the terms of the settlement agreement NutraCea's insurance company will create a settlement fund in the amount of $1,500,000 to pay claims submitted by class members. The settlement fund will also contain 50% of any funds remaining in the insurance policy after payment of all valid claims (including legal fees), as long as there is $150,000 or more of funds remaining in the policy. The plaintiffs were seeking damages against NutraCea and certain former officers and directors for alleged federal and Arizona state securities law violations. The settlement provides full and complete settlement for all claims against NutraCea and the other defendants under the class action suit.
W. John Short, Chairman and CEO, commented, "We are pleased to have reached this agreement, which we believe to be in the best interest of our shareholders. The resolution of the suit will allow management to focus more completely on successfully exiting chapter 11, growing our company and restoring value for our shareholders."
Anyone who purchased NutraCea shares between April 2, 2007 and February 23, 2009 may be entitled to a share of the settlement.
Class action proposal favorable.
It still must be approved by the BK court, but it looks like a no brainer. Note that shares are NOT involved.
Here is part of a post by a poster gnus_hound at Yahoo>>>>>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Okay here are the settlement terms 18-May-10 03:49 am
Z's D&O carrier pays $1.5 million upon an Order from the court approving the settlement. Then they pay 50% of any remaining coverage under the policy after all other claims against the D&O policy are made.
Bike- I believe CEO Short wants to sell both Dillon and Phoenix. I like John Shorts thinking. He wants to outsource as much as possible to people who are experts in each area. He also would not like to own ANY buildings. He would like to use other peoples money and expertise rather than try to do it all himself like the former CEO was trying to do. If NTRZ got $10,000,000 for Phoenix and Dillon, that may be enough for a strategic partnership with Indonesia for converting a rice bran oil plant to NTRS's system, for example.
Why would NTRZ want to manufacture nutraceuticals when they could have a firm to it for a fee that knows how to do it? The fee lost could easily be made up by the better efficiency of the other company, PLUS, the other company will probably already have distributions channels that would enhance NTRZ's channels and sell more product. The end result could be better sales and better profits with much less investment.
The former CEO wasted a ton of money trying to do everything and he did not know how to do much, thus were are in bankruptcy.
Thoughts about the new filing on NTRZ's restructure button.
I put this post up on another board in response to another poster wondering why I am saying "strong buy". I think it has info I have not put up here. To see what I am talking about, go to NTRZ's home page and click the green box on the right that says "Restructure Information, then next page, click NutraCea CSR Information on the left, then click the bottom entry on 5/13/2010. It is a PDF that can't be pasted.
http://www.nutracea.com/
________________________________________
Yes it is risky, but I'd be a fool if I did not say strong buy when I have been buying myself.
But, the main reason is that WFC wants NTRZ to file a reorganization plan by August 31st and Short agreed. To file a reorganization plan a company must show it is cash flow positive. Since 2006 when I first started buying NTRZ we have not been cash flow positive. And then we have learned that we were NOT cash flow positive because Brad was engineering sales to get the $50,000,000 PIPE in February 2007.
Also, look at paragraph 15-a in the motion on the restructure button. It looks to a friend of mine who is more into accounting that NTRZ is getting ready to sell something and is setting the legal framework to pay back all the creditors. Also keep in mind that Irgovel is being appraised. My own speculation is that maybe if Phoenix or Dillon is sold it might be enough for WFC to issue a new secured loan on Irgovel for Z to pay back all the creditors and the new loan would not be part of the BK, so we owe nobody any money in the BK, so they HAVE to keep our shares intact since there will be NO claims against the company.
Add to that, this new motion did NOT come out until the deadline for All creditors to file and appeal is over, and that is stated in the new motion. That ties to the above paragraph about WFC loaning Z enough to pay off all creditors in bk.
North, that new motion is the biggest thing to come out since we got into BK. It is just too bad we don't have the good posters like those in the past like soar_bird, and megiddo dissecting it for us. And gnus is even not dissecting it. I am not the best form guy and I just hope all that I said is possible. But it sure looks good overall from my eyes even if we are just cash flow positive by itself.