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Thank you Adam, his comment wasn't worthy of one of my 9 remaining posts. Due diligence can be completed using any available information on the company, it doesn't necessarily have to be filed with the SEC. If it's not filed with the SEC, just put an asterisk next to it.
I would say the stock is acting very well today. We have seen some profit-taking, but that is to be expected. The volume is lower and we are off the lows of the day. If we can have a strong close, it would be great to see. Obviously this is IMHO.
Sure buddy, thanks. I won't even begin to respond to your statement, it's just a waste of time. There isn't anything new to discuss right now until we get some news. Everything has been run over twice already...You're on my ignore list now...
Blah, blah, blah...nobody is FORCING you to invest in NWAU. If you don't like it, so be it. You should focus your efforts into a company that you like and have a vested interest in. What do you care if we're willing to take a risk?
I expect a mild sell off from the weak holders...the ones that weren't confident in their purchase to begin with. I just hope we have a correction on light volume, that will be a very bullish indicator. An even more bullish indicator would be no correction at all! That's what I'm really hoping for...
I know...it's sad. The MM is going to drop the bid like a rock to pick up cheap shares...everyone hold on.
I knew it! They seem like uninformed used-car salesmen...that explains everything...
I know, we could see some panic selling from those that are uncertain about this company. Pink sheet stocks have an inherent risk associated with them, obviously, so any little sign of problems could be bad. We have appreciated nicely, however, so fortunately we have a hefty cushion to absorb a mild correction. BTW, a correction for pink sheets stocks can sometimes be 30%+ They are much for volatile, but I'm sure you're aware of this. The greater the risk, however, the greater the potential reward. That's what keeps me coming back ;) We'll see what Scott decides to do, I have no doubt that he keeps his shareholders on his mind.
The technical analysis on this stock points to a correction of some sort. We keep hitting new highs ($2.02, $2.04), but it's on declining volume. Typically that precedes a downturn. I really hope we get some kind of news this week, but I doubt it will be the news we all want to hear. We will have an update of the merger proceedings, but not the name, terms, etc. I imagine we'll have to wait another week or two for things to be finalized. In that time, I can really see a mild correction (and buy-point for the newbies.) It doesn't matter to me that much b/c I'm long-term...I'm really just thinking to myself. Any thoughts?
Today's action seems pretty tame, with a tight trading range. We managed to hit a new 52-week high of $2.04, but there hasn't been enough buying pressure to sustain the new highs. It looks like we'll consolidate sideways for a while until we get some news. I'm looking for those large blocks, that will be the true indicator of our next leg up.
Cheers...this week will be interesting indeed. Actually, it seems like every week is interesting with this stock/company. I guess that's why I love investing so much, companies like these are very thrilling to follow. I am very much looking forward to seeing our little NowAuto blossom into a power-house called the Now Auto Group. As we increase in profitability and price, we're bound to get new faces and bashers on this board. We'll just have to deal with it the way anyone can...either ignore or respond...
How come I can't ignore Greg's posts? I clicked on his name, but it won't let me click on "ignore this poster." Can someone explain? It show's his symbot is a grandfather, does that have something to do with it?
Ah yes...it's coming back to me. I remember he didn't make sense then and he doesn't make sense now. Man...too many people to ignore these days...
Watchdog just likes messing with people, he finds joy in upsetting and challenging those that are passionate about something. If he does have an interest in this company, it's just to look for negatives. I enjoy hearing the negatives, as well as the positives, but nothing he brings to the table makes any sense. Also, his information is based solely on opinion and doesn't contain any relevant facts. I advise you just to put him on ignore and hopefully he'll go away...
I like your optimism, hopefully you're right! Lord knows I could use the money ;)
What are you talking about??? Don't tell me I have someone else to ignore now...
No kidding, watchdog is just reaching for straws now huh? I have him on ignore, so I didn't see his post.
Yeah, I do see some similarities, but Navicom is much better.
Are you saying there may be a possible connection between IFLH.PK and NWAU.PK? I believe, if I'm not mistaken, NWAU is in talks with an already existing BB company. Not one that is currently filing. Filing and acceptance can take quite a while, that is why NWAU is merging with a current BB company.
I know, I feel sorry for Scott. They really do need an Investor Relations guy to handle all this, but I don't think they would be able to answer the questions with the same clarity and tenacity as Scott does. I wonder how many e-mails he gets from investors... With 2-million shares trades in a single day sometimes, I bet he has a huge inbox!
Boy I sure hope you're right, I would love to see $3 by month-end. Some of my other investments have had great returns, and I really want NWAU to blow them all away. Patience will be rewarding indeed.
I agree with that, I wasn't completely sure of the reason. It does seem like the names of potential mergers have been announced prior to finalization. We'll hear soon enough.
Now that you mention it, I do see some similarities b/w both management teams. The two companies are completely different, however. Both are quite volatile. I love their stories and I think they'll have tremendous successes.
Scott is trying really hard to turn NWAU into a powerful growth story. They are making a lot of great decisions and building a strong business model. Maybe with this particular business strategy (the merger), they just weren't completely educated on the process. It can be quite complicated and time consuming. Everything will work out soon, but there's bound to be a few kinks in the hose every now and again. I am confident in this company and feel as though they will do everything in their power to maximize shareholder value.
I have the same feeling, he shouldn't make strong statements like that unless he is absolutely confident he can deliver on or before that deadline. I have noticed the guidance slipping, but hopefully we'll have a surprise upside that will beat guidance. For now we're just lingering until more news and financials, but overall I think things are going great right now.
I agree, it's probably just a shell BB company and it won't be accretive to earnings. I hope it is, on the other hand, but my guess is it won't.
Hog, Maddog...what do you think of this?
I agree, my "water" is secure ;) Everything will work out in the end, we must be patient.
I know, I think Scott knows that too. In his e-mail he admits that he was a little agressive with the date. Lesson learned, I imagine. Hopefully Navicom will close a huge deal, or something, that will take the light off the "10 days", but that's just wishful thinking. If you're long, you have nothing to worry about. If you're swing trading, though, I'd pay careful attention to this week. We'll see you in Vegas no doubt at some point...
I believe if he devulges the name of the BB company, it can be construed as insider information. There has to be a definitive agreement signed before that information can be released to the public. Correct me if I'm wrong...
I know it's a little disappointing, but at least he's man enough to admit it. If it were solely up to he and NowAuto, we would have everything done by Friday...but it's not. The BB company has the ball in their court at this point.
You're welcome, I'm glad you find value in them. To be honest, I was a little disappointed as well... The whole time, however, I was very doubtful that we would get news of the merger by that point, it seemed like too short of a time-frame. Scott bit off more than he could chew b/c he can't control the amount of work that the other company has to do. I was asking Scott to reassure myself, but, unfortunately, it didn't happen. As long as we get an update, sooner than later, I think he can prevent a correction. Seeing as how we're not fully reporting yet, the press releases are really what drives the PPS. If they can construct a great press release explaining that the merger finalization is "out of their hands" and focus on other positives, I believe they can maintain the PPS. We'll see how this plays out, but, in the long-run, it will mean very little. I do not plan on selling or taking any profits at this point, as I believe this company is grossly undervalued. The merger WILL happen soon, even though it may not happen very soon. Patience will be rewarding.
10-day remark is talked about in my e-mail from Scott...
??? What are ya'll talking about?
E-mail from Scott:
I asked: Do you plan on releasing more information about the merger on or before Friday, July 15th? Many investors are expecting information at this point because of your "10 days" statement, so I just want to make sure.
Scott replied: Fair question, but one I have trouble answering because some matters are out of our hands. What I mean is this: the BB company, a 12g company, has governance matters with which it must comply before the agreement can be signed. While I expect them to be ready by end of next week, I cannot assure it. To be frank, we probably underestimated the amount of work they have to do up front, and might have been a little aggressive on the date.
I asked: If the BB company isn't ready by the end of the week, will you at least announce this to the public? If you keep investors on the same page, so to speak, it will prevent a massive sell-off. I have seen stocks sell-off before because of situations like this, so that is why I am concerned. If investors know what is going on, and that there aren't problems, they will continue to hold. I am holding regardless, but I would like to see a stable market value.
Scott replied: Most likely there will be an update at least.
I'm sure they will provide an update of some sort, but I think we'll get the detailed merger information at a later date.
I don't think the merger will be finalized by next week. We will hear something soon, but it will take longer than expected. A 12-G company has a certain governance that they must follow, and the time frame has not been long enough for the agreement to be completed. This doesn't mean there are problems, or that the merger will not happen, it just means it will take a little longer.
We closed even, sorry I couldn't buy more :( I'll take an even close over a red close any day, however. We were all expecting a pullback from profit-taking, but NWAU held strong. I have a really good feeling about this company and this stock. Next week will be fun.
Yep, it's pretty quiet and we're consolidating nicely. I thought there would be a lot more profit-taking as well, but I guess a lot of the weak holders already folded. I want to see a strong close going into the weekend, hopefully we'll get it.
I don't expect anything until next week or the week after. We're holding up well without it anyway. As long as we get news at some point in the near future, we'll rocket into the $2's. IMHO
$2.02!! Another new high ;)
Well, hopefully he'll come back and explain what he knows. He may be limited to what he can disclose, but I sure would like to learn more. The way this stock has been trading lately, it very much has smart money written all over it. I really wouldn't be surprised if Keith and Scott have been meeting with mutual fund managers, they are looking to broaden their exposure and increase shareholder value. Institutions should be particularly interested in Navicom...that's the real meat and potatoes.