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Gonzalez, call Ketner, he said the lowest conversion price was .007, and that’s going up. He also said that the guys at PowerUp were different, that they are a great bunch of people, and since the stock has done so well, they are being fair about the conversion. And lastly, he said there was $35k, and that would be done today.
The guys at PowerUp are helping to make an orderly market, if the conversion wasn’t coming out over the last week, then we would not have been able to buy as much stock at these levels. We got lucky.
GONZILEE = ONE SMART DUDE
PERIOD.
The 6,750,000 common open market purchases he made, he transferred out of his brokerage account to book entry at the T/A. The 980,000 recent purchases are in the common.
Thing everybody is missing is that the affiliates have agreed to a lockup until price targets have been met. It’s smooth sailing to .45 cents from here.
All in the Sec filings.
Red Flags all over the place on this one.
Don't invest in a company that can't even get the copyright date updated on my their website. 4th quarter and it still says 2015.
Also, they are not compliant with their website, a public company has to have investor information page.
Maybe seeing some good news:
Saw this today on the OTC site:
http://www.otcmarkets.com/stock/NEIK/profile
See that little green check-mark saying 'Verified Company Profile" with today's date?
That's usually what happens right before you get uplisted to the OTCQB.
For example. BWBG was "Verified Company Profile" on 6/30/2016:
http://www.otcmarkets.com/stock/BWBG/profile
The company was uplisted to the OTCQB 3 business days later.
BUT, if NEIK management drags their feet on replying to comments from the OTC staff, then it will take longer. The person at the OTC I spoke with told me applying for the OTCQB and getting approved should not take more than 10 business days, and that's if they drag their feet.
If NEIK gets uplisted, you'll see it here first:
http://www.otcmarkets.com/stock/OTCM/news
Latest PR is not factual. Reads:
Northstar Electronics, Inc. Releases Conference Call Details Rescheduled for Wednesday, July 13, 2016
Should Be: Northstar Electronics, Inc. Releases Telecast Details Rescheduled for Wednesday, July 13, 2016
Their own funds ???
In 2015 the company issued 8,625,000 shares for $55,000. Dr. Russell received $50,000 for compensation in 2015. Whether he actually got payed that amount or it was put on the books I don't know. But he's not working for free.
Not sure where you get they are using their own money and not doing dilutive financing. That last round was at $.006.
NEIK Shareholders (Owners of the Company)
Over a month ago, I posted the following:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123059407
And as of last Friday, July 1st, stupidity started to enter the equation. The press release yesterday showed even more stupidity is entering the equation.
Initially there was a shareholder interactive call. Now you can only listen to the CEO talk for 30 minutes, and answer selected "Questions" sent from the shareholders.
How do we know what questions are going to be ignored? How do we know if the questions from the shareholders are not conveniently selected by the CEO?
I have a couple questions.
These questions are from a press release dated February 2, 2016, the CEO states:
"We believe that in 2016 Q1/Q2, NSEL should complete negotiations with an international aerospace company and sign an agreement for the rights to a single engine turboprop commercial aircraft."
What is the backup plan if the negotiations for the international aerospace company fail and no agreement is signed?
You state in this sentence: "This plane has an excellent performance history and new enhancements are now being implemented."
I'm assuming this plane is now in the air. What kind of certification timetables are you expecting with the new enhancements?
In this sentence, "NSEL plans to initiate production and roll out a marketing program aimed at introducing the new version of the plane in the world marketplace."
What is the extent of NSEL's involvement in production? Final assembly? Do they get a 'green' plane delivered from overseas? Is the Canadian operation a completion center? Is NSEL'S manufacturing involvement going to be limited to the enhancements of an existing plane? How can NSEL be involved with the immediate manufacturing and roll out if there are currently no operations? Please explain in detail how NSEL operations are intended, and how this creates value for NEIK shareholders.
This paragraph:
"Northstar has been actively pursuing a capital raise to be utilized for its own public company activities and for NSEL's operational needs. Our goal for 2016 Q1/Q2 is to use these funds to support, amongst other activities, the development of NSEL's corporate Quality Infrastructure."
The management team states the company is pursuing financing, yet the business model for NEIK shareholder value is not clearly outlined. It appears that NEIK will use the U.S. public equity markets as a financing vehicle for other subsidiaries and operations. Please explain how using a U.S. company to raise capital to finance a Canadian entity, that currently has no operations, creates value for the people purchasing stock in NEIK?
Throughout this press release, NSEL is consistently shown to be the primary business operations. NSEL should complete negotiations.......NSEL plans to initiate production.....NSEL goals are to sign joint marketing agreements..........etc.
On a filing dated March 2, 2015 with the SEC on form 8-K, you state: "Northstar Electronics, Inc. (NEIK) owns sixty percent (60%) of the shares in the new company (NSEL) and Sealand Aviation Ltd. owns forty percent (40%) of the shares.
Who owns Sealand Aviation Ltd.? Can the shareholders of NEIK expect to see related party transactions disclaimers in future audited financial reports?
Please explain how NEIK investors will contribute 100% of the financing to NSEL and only receive 60% of the potential earnings, is a good deal for NEIK investors since NSEL was created from scratch, and there was no business "good will" present with NSEL?
What does lack of clarity equal for current owners of NEIK? Expensive (high dilution) Financing.
I won't even start to ask some really difficult questions.
nathanial,
Per latest press release:
VIRGINIA BEACH, VA / ACCESSWIRE / June 7, 2016 / Northstar Electronics, Inc. (OTC PINK: NEIK), a system development company, working primarily in the aviation, defense, and marine industries is pleased to announce that it is initiating live quarterly updates by management to shareholders on the operations of the Company and its most recent developments.
The first interactive call is scheduled for July 8, 2016 at 4:30 PM EDT / 1:30 PM PDT. One week prior to the scheduled call we will provide shareholders with the call-in information and name of our guest moderator.
Communication with our shareholders has always been very important to us and we encourage them to participate as they are a vital part of our company's future.
For further information about this release, contact, Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com.
ChuckBits,
There are some requirements that have to be met before the company can apply and be up listed to the OTCQB.
One of the requirements is the company needs some kind of reporting, and we just hit that milestone a month ago. How long the application process takes after reaching that goal? That would be a call to the OTC market help center. I think I'll do that tomorrow.
All of the requirements for a company to up list to the OTCQB can be found at the following link:
http://www.otcmarkets.com/content/doc/otcqb/standards.pdf
At the same time, I think the management is dragging their feet on some things. Dr. Russell needs some help, and this investment that I have made is starting to see a lower exit price for me because of the lack of urgency I am seeing on the operational side by management.
I know this is his second try at this, I hope he learned a few things the first time around.
I hope he is ready for the conference call in a week.
ARCA Showed up in the Level II box today
The longer we stay around this level the more confident I am of some really good things coming. This is not going to be a penny pump play.
ATXDood,
Some of the shares hitting the market are from the financing done in 2015 disclosed in the latest 10K.
$55,000 for 8,625,000 shares = $.00638/share.
VWAP for the last month = $.0475. They had a hell of a gain.
This is what's happening, and what needs to happen if things are for real.
See post from last week.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123059407
BooDog
The information you have in one of your post is what I think we need on the IBox. Not much more. All the flash clips etc should be removed, as it looks cheap. IMO
Again, I think the Ibox page should be simple and to the point, and not look like there is an attempt to get investors by promotion.
IBox: (In the following order)
Company name and address
Current Share Structure
A/S
O/S
Float
Company overview
Corporate Governance (List consultants)
Latest communication from CEO
Link to SEC filings
Nice simple stock chart. Ex. http://stockcharts.com/c-sc/sc?s=NEIK&p=D&yr=0&mn=4&dy=0&i=t87770038873&r=1465268580873
If you do something like this, a more sophisticated investor is not going to be saying to himself when he looks at the IBox page, "Oh Brother, another one of these." A simple elegant Ibox will get more interest and attention, and invoke curiosity for DD on somebody's own behalf.
The factual strengths the company has right now, for an investor or trader, is the share structure and the Corporate Governance. The speculative strength we have from an investor is the letter from the CEO. The speculative strength we have from a trader is the chart.
As more factual events solidify, then you can post those as latest news events, and I would keep those to the last 3.
All this cleaning up the IBox is based on the CEO going forward with an equitable business plan. At this time, we can give him the benefit of executing an equitable plan because Dr. Russell has not done anything to the contrary.
Equity financing is not that bad, if it is done with a floor. The $55,000 raised in 2015 for 8,625,000 had a floor. Whoever made that financing deal did extremely well for being patient and letting it out slowly up here. I believe that is some of the selling be have been seeing lately. When this selling is exhausted, then we should be off to the races. Block stock delivery from a financing, IF DONE CORRECTLY, is actually good for investors who purchase on the street. When a block is delivered to a firm who knows how to make a market and do a distribution, then you see increased liquidity, and the next round of financing can be done at a higher price. If it is done incorrectly, then you get floorless convertibles and a death spiral in the share price. Today, NEIK looks good going forward.
IMO we are still at an early stage to get involved with purchasing the stock in the open market.
The sellers are thinning.
Stock trading today signalling sellers not wanting to take a chance on the new company direction almost gone.
I think we are going to see some more price firming next week.
Solid news announcement will set things on fire.
The Right Way.....Response to Chuck
I have no idea. I don't know the man, have never met the man.
What I do know is this. I am an aerospace engineer, and engineers are by the numbers conservative. As a group, they have high FICO scores, low debt, and don't take chances.
In general, I believe people are inherently good. The mistakes I see good people make is letting their ego start controlling decision making. I'm assuming Dr. Russell is a good guy. I'm also assuming Dr. Russell is a smart guy. Whether he will task jobs where his expertise is limited, is something we will have to see.
The finest group of engineers I have worked with was the Team at Boeing in Wichita KS on the 777 project. There were no egos, no worrying about hurting somebody's feelings, just straight engineers building an airplane. To this day, I have never been in such a wonderful work environment. Total straight shooters. Example: "Hey Ken, you got the fastener spacing fooked up here, should be 5 x D spacing" Ken's response: "Damn, you're right, I'll fix that". When egos aren't in play, things get done quick, correct, and cheap.
In looking at the credentials displayed on the company website, Dr. Russell is surrounded by engineers, which again as a group are conservative. Finally, I would also believe that a PHD in Engineering Physics would not risk his reputation on a stock pump.
Two things a startup like this needs to get cheap financing. Business model showing near term earnings, or magic. By magic I mean ground breaking earth shattering technology. The earnings path takes more time, the magic brings in speculators, and the initial investors are rewarded immediately.
Hopefully, Dr. Russell has a little of both.
Here is exactly what is going on........
NEIK has become reporting with the SEC. If you look at their latest disclosures, they have a bunch of unregistered stock.
Today, it is very hard to clear stock with a company that is not current on their filings. Since the company has become current with their filings, I promise you, some of those long time shareholders of the previous company business plans are removing restrictions, and getting that stock deposited, and are selling.
That's the selling you are seeing here at these levels, it's not the CEO, it's not a dilutive financing (yet), its not the boogie man. It is people that have been unable to remove the restriction legend until today, and they are depositing stock and selling it. Period.
Now as bad as this sounds, it isn't. These sellers are going to dry up soon, and when they do, the share price should see a significant advancement if there is news like Dr. Russell has promised. Today you are seeing people that have held stock for a long time, not been able to sell that stock, and taking whatever they can get for it. The shareholder base is forming, and it looks pretty solid. If the CEO actually has a viable business plan as he states, and if he is smart (phd), he and his friends have been taking all the float out at this level. I think that is what you are seeing over the last couple weeks. Imagine if the CEO filed a Form 4 with the SEC for 1m share open market purchase. That alone would rocket the stock. He wouldn't have to pay promoters, get involved with scumbags, etc. Instill confidence to the public by putting your money where your mouth is for only $35K. I know high dollar awareness campaigns are much more expensive.
The shareholders are going to be fine until the CEO does something stupid, like writing floorless convertible debentures. Once you see one of those, then it's not good. Dr. Russell should realise, (phd) that he is being approached by scumbags right now, and if he is patient, he can get some financing where the investor purchases a block of stock at a fixed price. If you see an 8-K filed where the financing is not a floorless convertible, then Dr. Russell has convinced an IB of a viable business plan, and it will be significant for investors at this level.
If the CEO is smart and not an arrogant jackazz, and he realizes he needs a pro to help, then he should contact a guy down in Dallas at KTNR, Inc. I know that would be a huge boost to the company and the stock.
For once I would like to see one of these things work out for the shareholders. It's really not that hard to do things the correct way, and leave with a good reputation. Everything is sitting right here in front of Dr. Russell almost perfectly right now. Let's see if he can get things done correctly. If he does, then he could get the real type of financing he needs on the NASDAQ.
Don't laugh, I've seen it done before. This thing has everything it needs to pay off huge for investors at this level, if of course, stupidity is left on the sidelines for a while.
GAGGLE SUPERVISORS SUPERVISOR
Gaggle Supervisors Supervisor = GSS
Gaggle Supervisor = GS
Trading Desk Chimp = TDC
GSS: "Hey, at what price did we convert the note on PSID?"
GS: "Around .005."
GSS: "Where are you getting it off?"
GS: "Yesterday's VWAP was .0145."
GSS: "Good Job !!!!"
GS: "I could have gotten a better price, but somebody was indiscriminately selling long"
GSS: "Who on earth would do such a stupid thing?"
TDC: "Hey, wasn't that ..........."
GS to GSS, interrupting TDC: "And here is TDC, the guy who got it done for us."
GSS: "Nice job TDC !!!! I see a supervisor job for you in the near future."
CEO had to order more blue ink refills for his Mont Blanc
Because he can't sign the convertible notes fast enough to keep printing paper to the idiots dumping shares.
Gaggle Supervisor: "We Need More Stock !!!
PSID CEO: " I just inserted an new blue refill in my Mont Blanc, where do I sign?"
Gaggle Supervisor: "Sign here, and then I can insert some more stock up the working man's culo !"
PSID CEO" "Who? Working man? What do you mean? by the way, Who's buying the stock you are selling?"
Gaggle Supervisor: "Don't worry about that, it's magic, it comes out of the clear blue sky."
PSID CEO: "Well good then, I don't have to worry about that then, hey, if we reverse split the stock, can we get listed on a higher exchange?"
Gaggle Supervisor: "SURE CAN !!!"
PSID CEO: "How much does that cost?"
Gaggle Supervisor: "Just leave that to me, all you have to worry about is keep inserting new blue ink into that Mont Blanc, and I'll keep inserting over here."
TOTAL AMATEUR SHARE DISTRIBUTION
If there was a pro involved, he could have this trade +200m shares today, at a better price, and have a fantastic water cooler stock for the barbecues this weekend. Then on Tuesday, he would be getting +.05 cents for your stock you converted 40% under the .01 VWAP earlier.
Worst Share Distribution I have ever seen !!!!
Absolute HORROR SHOW !!!!
Upper six figures getting thrown out the window !!! Obviously no talent whatsoever on the desk, just a gaggle of chimpanzees running in circles throwing feces at each other supervised by a complete idiot who doesn't have the balls to realise he needs to hire a pro.
You guys could run off liquidity if the company announced they have a cure for men's baldness. Oh, I forgot, the supervisor of the gaggle likes being fat and bald.
TOTAL AMATEUR SHARE DISTRIBUTION
Can't even call them market makers, they are just order routers.
Worst Share Distribution I have ever seen !!!!
Absolute HORROR SHOW !!!!
Pathetic !!! Looked like a gaggle of chimpanzees running in a circle throwing feces at each other.
You guys could run off liquidity if the company announced a cure for cancer tomorrow.
Worst Share Distribution I have ever seen !!!!
From the IB's to the MMer's, absolutely the worst share distribution I have ever seen.
Pathetic !!! Looked like a gaggle of chimpanzees running in a circle throwing feces at each other.
Let me know when you want to get a pro involved. I would have had more liquidity, and got you a better price.
Seriously, do the kids on the desk even have a driver's license?
Horror show.
Ian Dunross, why don't you call him instead of cowardly talking about the guy on a message board.
James Ketner
KTNR, Inc.
817-900-2035
Why don't you ask him personally what he had planned for the company, why he was removed from the CEO position, and why he finally quit all together.
Tell us what you find out.
According to the 10Q, I see the latest Chairman 'TUCKED TAIL AND RAN' also Quillan Gornt. He lasted about half as long as Ketner did at the Chairman Job.
USG going to have a huge quarter?
Looking at all the new construction going on around DFW area, especially Plano (Toyota, Fed-EX, JP Morgan Chase, etc). Go look at all the stacks of USG products around the construction areas.
Re-Payment of $500m bond organically this year, new housing starts huge year for growth, current PE of 3.7, short position up to 8m shares, institutions and insiders own 99% of float.
Stock looks very cheap. Dividend coming around the corner?
http://www.dallasnews.com/business/commercial-real-estate/headlines/20150203-construction-starting-on-300m-legacy-west-mixed-use-project.ece
Ahhhhhh....Dumarse got caught telling lies......
Totally avoids the fact he got caught making false claims.
Now let's go stick our head in the sand, and cry about the market cap.
20m market cap? Probably because smart money sees a 400m market cap in a year.
Let's cry insiders pumping and selling. Wow, can't see a Form 4 filed disclosing all the insiders selling.
Keep up the good work shorty.
Verbatim from Dumares
"That's an interesting statement considering GLFH has never filed an audited statement, including the 10-Q filed yesterday"
2014 10K file this year was audited. So was 2013 10K filed 2014.
Keep up the scare tactics shorty.
Again, Ian Dumarse showing his intentions.
Keep it up shorty.
Let's look at the no reading comprehension Dumarse.....
"GLFH has never filed an audited statement........."
Talk about can't read, anybody with ANY type of investing experience knows that a 10K MUST be audited.
Let me know when you see me write a completely false and dishonest post shorty.
Ian Dumarse should know that 10Q's are not required to be audited. Tesla, Apple, etc are not audited.
The 10K is audited.
Keep up the scare tactics shorty, I'll keep getting more on the cheap.
Any intelligent investor who can read the MD&A can see a military contract on the horizon.
Short is going to start covering.
Next week should be up.
Maybe a change in price direction....
Not sure of the accuracy of this report, but the tape today looks to verify.
http://shortanalytics.com/getshortchart.php?tsymbol=bpth
Going to $1.50 today?
Got to love the speculative side of BioTech.
Still want to know how CEO issued free trading stock without filing an exemption. Or how there was the issuance from CA to Michigan without filing with state SEC offices. (Blue Sky Law)
Anyone?
Letz look at something else MRIB has done ..............
Say I am MRIB, and I want to sell stock in the state of California, and I don't have a current registration statement filed with the SEC, and I don't have current financial information filed with the SEC, AND I DON'T HAVE A PROSPECTUS FILLED WITH THE SEC.......
I have to file with the state of California Securities Department and register the stock, or file an exemption from registration with the state of California.
Now say I want to sell out of state, say Michigan (latest 13G)I also have to file with the state of Michigan either a registration statement or an exemption from registration with the state of Michigan.
Say I want to sell it in any state outside of California, I have to file with each state securities department a registration statement or an exemption from registration.
ITS CALLED BLUE SKY LAWS !!!! Selling securities illegally across state lines...............
We all know what that means......
MRIB claims they have 200 shareholders of record? Why doesn't somebody pull a NOBO list (non objectionable beneficial owners list), and find out how many shareholders oof record there really are. (head in the sand MRIB) I'll bet anybody a quarter that its over 300, and then guess what..........the issuer has a duty to file reports under Section 15 (d) of the Securities Exchange Act of 1934.
You guys want to keep deleting my post? I'll just keep going.
I give up..........................
The person on the desk working out this position needs to find another line of work.
He/She has the stock water logged with 500k volume today, and the stock traded in excess of 8m yesterday.
Really?
REALLY?
Bet everybody a quarter He/She doesn't even know how to fix it.
But a quarter and my opinion won't even get you a cup of cafe.
And here is that mysterious 10k order on the offer......
Still want to know the following:
How did the company issue 48m free trading shares last year without filing an exemption with the SEC?
What law firm wrote an opinion letter claiming that the shares issued can be free trading?
What kind of T/A issued free trading stock without checking for an exemption filing with the SEC?
What trading firm cleared stock through the DTC?
How did the DTC clear this stock for a non-reporting company?
Do these firms not understand that FINRA is watching more closely stuff like this?
Who on the trading desk is working out this position for the IB?
Does he/she not understand that constantly wiping out the bid, creating a bigger spread, will slow down liquidity?
I suggest he/she read Jessie Livermore's 'Reminiscence of a Stock Operator'
All of these question are for the protection of the shareholders and possible investors.
Mushuga79, Read post 69775
Marketboy, there has been plenty of new buyers. Problem is, there is just as much, if not more selling. I'll bet you a dollar the company has sold more stock recently. I believe this to be true because I see a MMer working out a position for somebody.
For example, retail can't show 10,000 on the offer when they actually have an order to sell 600,000. Only a MMer can do that, and he's doing that for an IB, and an IB is involved if he got a really good deal at no risk.
For the past several weeks we have all seen the offer at 10,000, and hundreds of thousands hit that offer and it doesn't move. That my friend is not a retail flipper.
I understand if the company needs to raise money to get things moving. DISCLOSE THE FACT. Register the stock. The really sad thing here is management has no idea what they are doing to accomplish this without beating up the current shareholders. They are making severe dilutive deals out of desperation, and now you have a bunch of monkeys running around in circles throwing feces at each other. If MRIB management was a little patient, this stock would be much more liquid and at a much higher price. But why did all the mojo stop with the promotion yesterday? Short sighted Management and no talent on the trading desk. If they would have had a decent MMer working out a position, the volume would have been triple that of yesterday as well as the price.
Really a sad state of affairs.
DanTanna, I have a question...............
MRIB claims they issued approximately 48 million free trading shares back in November and December 2013. How did they do this? How can you issue free trading stock without an exemption from registration? Where is the Reg D notice you HAVE to file with the SEC?
How did the T/A issue free trading stock? Who wrote the legal opinion for the T/A to issue free trading stock? and how did this law firm write an opinion letter without an exemption notice filed with the SEC? And what/how does a trading firm clear a non reporting pinksheet cert through the DTC?
Another question Pertaining to the information MRIB claims on the OTC site.............
How can the float be larger than the O/S ?
Answers.......IT CAN'T
Anybody see the 8K just filed today at 5:25pm?
What is the dividend? Stock ? How much? etc.
TIA