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Hey V. Nice to hear you. Hoping on the final dates we're all waiting for. This would bring some peace of mind to all of us.
Don't worry, I have even less, only 3 000 000, but that's why I still think this is the best stock I ever bought. Having fun for more then a year now for a couple of hundred bucks. Allways something happening, allways exciting. Even if I loose everything it was worth it.
Hey everyone. It's so quiet here. This is what we were hoping for, no ??????? Rejection of POR of the debtors. Step in the right direction and all that. Maybe it's still sinking in ? I would have expected this board would be exploding by now.
That's not true. How can you say this ? FFGO is going to make us all rich. NMGL is a fantastic company, they're up at 3.10$ now. Lumb is a real nice guy, almost philantropic I would say, who wanted the best for all his shareholders.
Hello, I haven't posted lately, nor read all of the posts because nothing interesting was happening, but here I missed something apparently. We're OUT of the Mirage deal ?????????
Last thing I heard was that it was postponed :
"BRAVADA International Ltd. (www.BravadaLtd.com) (Pink Sheets:MFLI) and The Mirage (NYSE:MGM) jointly announced today that the grand opening of the Kardashian Khaos store at The Mirage in Las Vegas is no longer taking place on August 21st, 2010. A new date for the store opening is being set and will soon be released."
I didnt find anything about it being of the table.
And what about the reality show ??? Everything was good to go, no ???
In this press relaese they still talk of The Complete Package :
http://ih.advfn.com/p.php?pid=nmona&article=44266171&symbol=NO%5EMFLI
"9. Continue to develop BRAVADA Productions through strategic alliances for BRAVADA Girl and The Complete Package™."
Shouldn't this be on TV allready ???
Thanks in advance for those who want to shed some light on this.
Very nice. Now megaprofits next year and this thing could really start moving.
GLTYA.
Nice effort. Thanks. We'll hear something soon probably.
Congratulations V.
Now let's hope we get THE BIG NEWS soon.
I hope this will pay off on the first of January .
Have a happy long Labor Day Weekend.
Nice link. Great to see them on TV. Exposure is what we need (and revenue off course).
Sorry, I browsed through some older posts but couldn't find it.
Indeed, that's what I was thinking also, and wrote some posts about that.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53239416
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53499021
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53247201
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53145218
They should be able to get back on track on their own, but as justavoice allready stated, the legal issues in the States are a little strange to me.
As far as I know, here in Belgium a company which voluntarely went into a "legal agreement" - CH. 11 here - can get out if they're back ok. They just say thanks for protecting our ass against the debtors for this period, but now we can manage back on our own. They refinance debt as they see fit and go on as before.
If I got it right, in the USA, once they get into Ch. 11 they stay in untill the judge let's them go on his conditions or ruling, with a major consideration for the debtors.
Hey Belgian. Sure you will.
Just posted the latest developments from here on Beursduivel.
Not over yet.
Maybe we should propose the webmasters of Beursduivel to make an English language section so we can start up topics in English. I've had the idea for some time, so we can invite some of our American friends over to discuss over there on the American stocks we're in. We sure do have a lot of OTC (and other) stock interest in Belgium.
I don't think so. You haven't been posting here for months. Did you actually follow what they did the last months ???
They are in business, generating revenue, got real patents and turned a company which was first sued for infringement of their patents into a paying client (and he was even happy with that).
That is more and better than most pinkies can say.
Wait for the law suits to begin and also check my other post :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53739706
They will get there.
And about the PPS I estimated, no mistakes there ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53895251
Back here in Belgium, a fellow investor asked a reasonable question : do you need to be a shareholder from before the Ch. 11 was filed, or doesn't it matter ? I checked the form again and it wasn't mentioned I think.
It has done in the past actually, to over 0.0007.
Check for 1 year : http://www.google.com/finance?q=PINK:ARSC
But that was a pumped run. I'll wait now for the run caused by actually starting to produce and getting revenue. This pennystock doesn't interest me for the short run, I'm hoping on this turning out to be a legit company with a nice future, and considering the patents and baglog, plus the trust it got from the investment company/funding they got, I think it will.
No, didn't get my ballot yet, but didn't ask at Binck either. I'm going to contact them later on anyway to ask for the reconversion of the old to new shares.
Thanks Justavoice, and Roy too. Ok, this is clear. So it means sell now and get out or agree to the exchange (or loose everything if you don't do anything, but let's not consider that ).
Well, it ain't that bad I guess.
32.9383 shares per new one at $13.54 per share, that represents (13.54 / 32.9383) a value of 0.41 $ per actual share. That seems better then the 0.27 $ what was first said, and better than the actual price. That is if I'm not missing anything here.
Which also means that if the company is undervalued (as everyone seems to think) we should see a rapid move in PPS in the months following the plan, or even sooner if the POR is rejected by the votes an reevaluation/other POR by the EC comes through.
Am I on the right track here ??
Sorry, but as a dutch speaking person this is very technical stuff to fathom sometimes.
I was just running through the Q&A of the form.
Q:How many rights am I receiving?
A: You are receiving one right for every 32.9383 shares of common stock that you own. No eligible holder, however, will be granted or allowed to exercise any fractional rights.
This is clear, we can change each 32.9383 security for one new one, valued at 13 something $.
But the following ???????????????
Q: What will happen to the common stock I currently own?
A: All holders of common stock will have those shares cancelled and be of no further force or effect as of the effective date of our Plan.
Does this mean the old stock will completely become obsolete afterwards.
So you have to do this (or sell off course if you want out) if you want to continue the game.
Can someone clarify if I'm right with this.
And what about the voting on the POR. If this gets rejected, what then ????? Will they retract the offer?
@Jax I think so to.
LOL BBalls, sure you had to write that, and you have all my support. Great post. Too bad I don't live in the States, or I would have thought of doing the very same thing.
We can allways appeal and get this to her court, maybe we stand a better chance than.
Hope this one doesn't get removed like the one before
They expect to turn profitable from next year, even the way things are looking now. So they can use most of the settlements to pay of debt. That's why I asked the question about the PPS, wich was more are less retorical, like imagine what that would do to the share price.
From the blog spot :
Monday, August 23, 2010
2Q is Out!
(Skunk's thinkin in red)
Increased Sales
As of the date of this second quarter report, we have executed new license agreements for use of our patented and patent-pending corn oil extraction technologies that we expect will generate royalties in excess of our break-even costs and, possibly, at a level sufficient to realize profitability depending on the amount of oil produced by our licensees and the market value of that oil. We expect that we will start realizing these increased revenues upon the completion of assembly and installation of the equipment and components needed to apply our patented technologies at the relevant licensed ethanol plants. In addition, we are currently in discussions with a number of producers with respect to new settlement and license agreements and we expect to achieve our previously stated goal of executing new license agreements this year with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol.
(This says, with even no new contracts - when the Great Green Plains COES build out is done by end of 1q 2011 - we should be at break-even-and possibly even profitable. ". . . currently in discussions with a number of producers with respect to new settlement . . ." The word "settlement" is is great news because it implys that more companies that are currently under litigation - or the threat of litigation may soon become customers. No production wait in etiher case. )
Let's hope they'll wait for the law suits and the amount of damages they get paid. That would be a nice outcome, if they get paid enough to settle all debts, and all those that infringed their patents now become clients who provide income, just like happened with Central Ethanol. So that means debt free and profitable contracts.
How high would that bring the shareprice you think ?!?!?!
A market maker. The ones that control the sell/buy/flow of shares in the market, and very often have an influence on the price too.
Also known by us shareholders as the scum of the earth.
http://en.wikipedia.org/wiki/Market_maker
http://beginnersinvest.about.com/od/beginnerscorner/l/blmarketmakers.htm
More news following the yesterday PR :
http://www.investkoreasmes.com/ma-news/chemtura-and-koreas-up-chemical-sign-joint-venture/ (thanks to Jali)
What it actually comes down to, since they are apparantly emerging from their temporary setback :
1) Will the EC be able to present their POR
2) Let them stop the BS of halting the operations of the old Chemtura and launch a new company, where the old shares would be worth close to nothing. Why do this with a company on the rebound. Why in the hell would they do this with a company who's presenting better turnover and operational profit each quarter.
3) The valuation of 0,27 $ for a multi billion dollar company, common !!! Ridiculous.
To the board of directors : top selling Chemtura to the debtors and take back control, you wussies.
If they meet the required PPS in 2 or 3 years without a reverse split, I would be a very happy man.
He seemed ok in my opinion.
This is what I said ealier. I think he really wants this to succeed, where other pinkies just want to scam the shareholders with more shares and an empty shell. Time will tell.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53507324
It's a 5 minute intervieuw. He just explains how the company is structured, the products they have and how people can introduce them in their homes. Furthermore he regrets that due to the economic setback/crisis from 2008 they couldn't continue their plans, but thanks to St George and their funding they can go to production pretty soon.
Try to sign up, it's a nice site.
Due to different reasons I've just now heared the interview on Chartpoppers, and I must say, it sounded good. Especially the part where he laughingly admitted that the shareholders "have been long suffering". This was a spontaneous reaction, somewhat nervous, but aware of what everyone has gone through. I think he's legit. Let's hope they have enough funding now to get production going.
I think that's something on the side, just to increase turnover through the channels he created.
I tought 1 $. Just looked it up and was right (for Nasdaq) :
http://www.nasdaq.com/about/FAQsContinued.stm
What is NASDAQ's compliance process for companies failing to meet the $1.00 minimum bid price requirement?
NASDAQ uses the consolidated closing bid price to determine whether a company complies with this requirement. If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
Thereafter, Capital Market companies can receive an additional 180-day compliance period if they meet all initial inclusion requirements for the Capital Market, except for the bid price requirement. If a Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to The NASDAQ Capital Market, so as to take advantage of the additional compliance period offered on that market, provided it meets all requirements for initial listing on The NASDAQ Capital Market, except for the bid price requirement.
In order to achieve compliance with the bid price requirement, a security must maintain a closing $1.00 bid price for a minimum of 10 consecutive business days. Although an automated computer system tracks each company's bid price on a daily basis, it is suggested that the company contact its Listing Qualifications analyst when it believes compliance has been achieved. NASDAQ will provide all compliance determinations, in writing, to the company.
But there's more, like market cap. and other things. Nice oversight :
http://www.investopedia.com/ask/answers/121.asp
For OTCB :
http://en.wikipedia.org/wiki/OTC_Bulletin_Board
Companies quoted on the OTCBB must be fully reporting (i.e. current with all required SEC filings) but have no market capitalization, minimum share price, corporate governance or other requirements to be quoted. Companies which have been "de-listed" from stock exchanges for falling below minimum capitalization, minimum share price or other requirements often end up being quoted on the OTCBB.
That woould be the ultimate dream. Re-listing and move on.
Glad to see I'm not the only one who thinks we can get a better deal. I've written this a couple of times before : with a good reorganisation this company should be able to go on all alone and get back to business as usual. Just get the debts paid of through a one time loan and pay this off over a period of ten years or so. Problems solved and we're back. They're healthy enough to get this done.
As far as I can tell : July 27
http://www.google.com/finance/historical?q=OTC:NMGL