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No, that was my 2500. Getting tired having owned this off an on since the early 1990's, and might even sell the last 2500 if it pops up a bit. Of course Murphy's law will kick in and after I do that it will take off, as the story remains very bullish if you are young and patient enough to wait. At one point I owned 53,000 shares which I sold at a loss, and then I accumulated 47,000 shares which I sold at a profit as I bought it not long after I sold which was at the bottom. It is actually thin in both directions with most of the buying and selling being those of us posting it seems. I know of one other block over 50,000 shares in the hands of someone who does not post, and do not know if he still has the entire amount or not as I have been out of touch with him for many years.. Eventually this will pay off, when when eventually is remains a huge unknown.
FreeRealtime and Fidelity showed no size on the bid or offer yesterday. It had showed 5000 bid at .14 and 1000 offered at .54. Today it shows the bid and offer sizes as 0 but the offer is 1.5 and the bid 0. Is the is case on other's systems? Is this a glitch in the quote feed?
I meant .59 not 59 dollars of course, and was referring to any possible deal that might be going on in the background. There may not be any but hopefully there is. That they did not file is negative, bearish. That someone buys enough to print a higher number might be bullish if they are "painting the tape" to do any kind of deal using shares as part of the payment. This is pure speculation however, and maybe someone just wanted some but that seems unlikely. Why only 100 shares unless the tape is being painted? If you want shares, buy enough to matter.
My idea is that the 59 dollars was spent to "paint the tape". If there is a deal in the works it only counts what the closes have been, not the dollar amount. So if they are going to issue shares as part of deal they want higher prints of price. That explains why I see it as potentially bullish. However not filing on time seems more likely bearish unless the reason is that a deal is close and they are so close they decided to be late with the regular filing.
Unfortunately it was me, and now I am down to my last 10,000 shares from over 50,000 at the high. I need to lower my electric bills, sheesh. The good news now is I will not need to sell any more and can wait for whatever happens as I remain bullish. I invest mostly in the gold juniors, and my main holding just went way up and gold looks strong now on momentum (see Michael Oliver on YouTube if interested in that). Meanwhile back at the ranch, the action on NLSC to me still looks bullish as again the buys on the offer of 100 shares suggest that the powers behind it want to have higher prints so they can use the paper for a deal.
Thanks, selling today was someone else, that is the 2200 sale today was not me, and I remain bullish as fundamentally that tax write off has real value that should eventually be useful. As long as they keep up the filings things will remain positive in outlook.
That was me, unfortunately but I did not sell out, just sold 5000 and 5000 because I needed the money. I will bet I have been in this longer than anyone else since I owned it when it was Holl Technologies in the second Angel round of financing. I still have a sizeable position. When I had the most I was at over 50,000 shares. Still bullish on it, and agree he should at least put out a press release with an update. One thing I did note is that right after I sold some shares, others were bought,100 or so shares each time at the offering which makes me think management likes the higher print as a deal could be in the works and they want the shares to be worth more? If we see that happen again in the next few days it would tend to confirm that theory.
With the stock doubling on large volume, why no comments on this board to at least speculate on why?
Yes, agree, thanks
I still have a large position, but had to sell 2000 yesterday and 1000 today but someone else sold yesterday after I did. Still a believer, but sometimes one needs some cash.
I am a residual shareholder from before the Kreido days actually, back to the Holl Technology days which proceeded Kreido. I used to sit in on the planning sessions for Kreido and I urged them not to go into biofuels, but go into chip bases instead or at least paints both of which would have worked with their mortal and pestle, tube in tube technology. Now this question of whether a gold exploration company might be a target is fascinating, and it is run by someone with a Chinese name, and gold is exploding higher, up over 40 dollars just today. My area of investment skill is predominantly in that area, the gold juniors, so for me it will be relatively easy to make a sound judgement on the merit (that choice does not look promising based on the share price only) although it is likely just an error as noted. My view right now is just that since they are keeping up to date and say they are "actively" working on a project is extremely promising.
I just noted the date, but I had not read it before, so still good information, hopefully it remains that way.
Nice additional material with suggestive cross links. Thanks.
Yes, helpful and it looks like over 5k volume today suggesting the bid is substantial now. Watching this as closely as we all do, and for so long, it is easy to start to feel the building of upside pressure, a feeling of momentum starting or at least potential energy, early but palpable.
Yes, as has been said here recently, this is extremely tightly held and there are very few shares in the public's hands. I mentioned before I know someone with around 3%, but his shares last I checked which was a few years ago, still had the legend, restriction on them. So my bet is they might still be restricted as it takes a lot of work to remove the legend. I had to do that with my shares and it cost me over 5k in legal fees and months of work to finally get it done. The people on this board have been here a long time and are unlikely to sell for much under 10 dollars a share which of course if just me projecting my own target. I would consider 12.50 a starting point to sell some depending on what they put in it, but considering the value of the tax credits. I do not put much credence in these numbers which are just guesses. What valuation do others who are more able to figure this out think the tax credits are worth on a per share basis? For everyone's amusement I tried to use the shell years ago for a bio-technology company that develops vaccines, and that was way before COVID.
I agree with that assessment. 50% of the float owned by 10 people or less, likely less than 5 people and most of them on this board although I know one owner with over 3% who is not posting here.
Thanks
I am curious what your take is on the report, and at least there is a report. The bid dropped, but that likely is an attempt to pick up tax loss selling for the end of the year. Thanks
The real reason is that this is a pink sheet stock so the market maker just skips bids and fills his own book. This is very thin. I was the seller of the 2500 shares only because I had something else I wanted to buy that day and I still have a large position which is not for sale. What happened to the order is instructive. First I had to offer it at a lower price than the offer, in this case .53, the last trade because otherwise I got a message saying offering at .25 was "too far from the offer". So I did that and actually 100 shares traded at .53, so then I simply change the offer to .25 and then .23 and the block sold. Reading the thread here suggests the market maker who is still bidding .23 wanted to fill his book for the next run up or to cover a short position? The irony is that it is both hard to buy and hard to sell such thin pink sheet stocks which is bad for all except the market makers, but all that will change in a flash when a deal is done, and I remain in the camp believing it will.
Thanks
Baughan...can you explain more about the connection to this group please. I would be extremely impressed if they do something with that group. It would be genius, luck or a combination. The entire market weakness you correclty identify will end up with the mining sector as the one that emerges as the major bullish component without a doubt in my fairly experienced investing mind. So I have all fingers crossed that there is a connection here that comes to fruition especially in the current extremely difficult environment. The mining shares, other than mainly the oils have been swept down with the general collapse, but I feel certain that will reverse while the general market collapse continues. I refer people to Michael Burry, Michael Oliver in particular, and Peter Schiff among others. It is particularly important to check the YouTube videos that are free with Michael Oliver, and you will see why I am posting this note with this tone. Do let us know what that connection is, and thanks a lot. This could be much better than we thought.
Baughan...can you explain more about the connection to this group please. I would be extremely impressed if they do something with that group. It would be genius, luck or a combination. The entire market weakness you correclty identify will end up with the mining sector as the one that emerges as the major bullish component without a doubt in my fairly experienced investing mind. So I have all fingers crossed that there is a connection here that comes to fruition especially in the current extremely difficult environment. The mining shares, other than mainly the oils have been swept down with the general collapse, but I feel certain that will reverse while the general market collapse continues. I refer people to Michael Burry, Michael Oliver in particular, and Peter Schiff among others. It is particularly important to check the YouTube videos that are free with Michael Oliver, and you will see why I am posting this note with this tone. Do let us know what that connection is, and thanks a lot. This could be much better than we thought.
That post of mine was to the post from WinningNoMatterWhat, sorry for the confusion.
I decided to buy a starter position in this because I am very impressed by your posts on the nlsc site. You know what you are doing, so I bought some of this also, and from what I see it is intriguing. A couple questions - do you think the low price is because they are carrying debt and have no income? Is there another reason? I am not a believer that the low price is only because they are new. Often new companies command high prices whether reasonable or not. I also wonder how these batteries scale? Golf carts are small, and I wonder if these batteries can be large enough for cars or even larger applications? Anyway, I am new here, and know very little at this point. Thanks.
Thanks for clarifying that.
Perhaps the market makers read this thread since the best offer is currently 16. Even large companies often do not get such thorough analysis. Thanks
"To lose patience is to lose the battle." - Gandhi
PLEASE NOTE THAT THE HOLDERS OF A MAJORITY OF OUR OUTSTANDING SHARES OF COMMON STOCK HAVE
VOTED TO AUTHORIZE THE CORPORATE ACTIONS. THE NUMBER OF VOTES RECEIVED IS SUFFICIENT TO SATISFY
THE STOCKHOLDER VOTE REQUIREMENT AND NO ADDITIONAL VOTES WILL CONSEQUENTLY BE NEEDED TO
APPROVE THIS MATTER.
By order of the Board of Directors,
By: /s/ Chung Pin HSIAO
Chung Pin HSIAO
Chief Executive Officer
April 19, 2022
The new date is not at the end of the press release, but rather after the first section which is perhaps why you did not notice the date change.
I received a notification from Fidelity that there was news on KRBF last Friday. The news release appears the same as before containing the following...
1. Amend the Company’s Articles of Incorporation filed with the Nevada Secretary of State (the “Articles of Incorporation”) to change
the Company’s name to Namliong SkyCosmos, Inc.
However it is dated April 19, 2022, so it is a release of prior news dated next week officially but put out before that date since "old news" which makes me suspect it was released again to proceed a symbol change announcement perhaps to follow on or just after the 19th? Thoughts?
This point may seem so obvious that it hardly needs saying, but when a stock is so tight and trading is so thin, price movements can and usually are wild with virtually no significant volume. So a move to 6 and back to 2 does not mean anything other than someone bought a little and someone sold a little, and while there are not always buyers, there are always sellers. How much these buyers and sellers "know" is pure speculation. Those familiar with Michael Oliver's work know that momentum is more important than price in predicting outcomes, and YouTube has excellent up to date introduction videos from many sources on this. The volume is so small that momentum cannot yet be calculated, at least that is how it would seem to me at this point. However momentum changes anticipate price action. Based on our model of the situation the price move from 3 cents to dollars makes sense based on probable outcomes. Part of the fun of these boards is just posting and discussion, so if there is a point of discussion it will likely show up and be discussed. This post fits in with that scenario. My "take" on this remains that this one has a high likelihood of paying off handsomely, and it is only a matter of how handsomely. Could it completely collapse? Of course, but it seems highly unlikely. Patience has been the key, and remains so.
The odds that the plan is to put it all in increase as one comes to understand how this shell, with its materials angle in its business model and its "green" angle with the biofuels application, cover the businesses the vending company already is in. It is a remarkable match. I also know that the shell is and was completely clean since I invested in it in during the second tranche after the angel investor round, and have followed it ever since. For everyone's amusement I paid 1.75 a share in that round.
Logic says it is exactly the Dupont like part that fits this shell the best. This company was set up to make materials, specifically nanomaterials with vast applications. They had broken that barrier with the Russian name in terms of making particles smaller than ever using a spinning tube in tube patented system, and the company was called Holl Technologies after Richard Hall who discovered and patented the method which seemed to me as a kind of adaptation of a mortar and pestle. I am repeating myself, but the bio-fuels name was only one of the possible application and one of the worst, if not the worst choice to start with. The best was to make chip bases where more lines could fit than any current system because the chip base was smoother. The paints and medicines could have been amazing, and so many other materials were on the drawing board of this company. I once made a long list of applications for consideration of the board. It is much more in the lines of "Dupont" than in the lines of any sort of energy company. So I will speculate that is exactly what they will put in, and that explains the choice of this shell, and lets them use the tax loss carry forward to full and rapid advantage.
This looks better all the time. I was a buyer on the second tranche of Holl Technologies which was the name before Kreido, and I know the story very well having been in on the early discussions on the direction the company should take. So I can tell everyone that this was a nanotechnology company first and foremost. The technology could have made the best paint for cars or even spacecraft because they broke what was supposed to be the limit to which particle size could be achieved at the nano level (there is a Russian sounding name to that limit that I am not remembering), and thus the chip base application, the paint, medicines that would have better absorption, and the bio-fuels which were the least expensive to make, but the latter was their fatal error as they picked it first. The point is that we can see how many of the facets of this new enterprise can fit in here. In fact I always thought this was a start up new DuPont in the beginning. So the more that is posted the more I think they will put a lot in it as the bio-fuel title is misleading in that it was only one application in their business model which had broad applications. Green businesses fit but others fit even better with the initial business model of this company.
Yes, I agree with you. I think they used to Sky Cosmos name with the Chinese name so they can be listed on US and Chinese markets with names that work for both audiences. It is also makes sense to put in the 3 companies that are related to the overall industry that Kreido was in which was to create bio-fuels using a tube in tube, mortar and pestle type of nanotechnology to make very fine biofuels at very low cost. Anything the new owners have that fits nanotechnology would also therefore fit. What Kreido had was extraordinarily promising and had they simple made bases for chips they could have made a material with many more lines on it than standard chip and taken over the chip industry which is what I suggested to management at that time, and I warned them not to try the biofuels stunt, a fad that required government subsidies to work. They thought they were going with the current hot item, but it resulted in their going under. Still both green energy and nanotech will be the same basic industries. Thus maybe other companies in this group will also work?
One argument that to me supports their putting more in is the use of the 49 million dollar tax loss. They likely will want to be able to make use of that to book tax free profits, and thus would put as much as possible in. That is a lot of profit to book. Does that add up for others or the board?
Thanks, that clarifies it.
"...annual multimillion-dollar increases in profits 7+ years in a row." Even if only this one goes in, one can figure that the profit increase must be a minimum of 2 million (the lowest number that would quality as multi) a year for 7 years, so that adds 14 million in profits. Would it be right to guess that it is hard to increase yearly profits by more than X...what is X...let us say that 5% is hard to achieve? 2 million is 5% of 40 million, so that suggests they had to be making 40 million in profits 7 years ago if those guesses are right. Please correct what needs correcting.
Banny Huang 3rd degree connection 3rd
Associated General Manager, top management at SKY COSMOS LIMITED
SKY COSMOS LIMITED
Providence University
Taichung City, Taichung City, Taiwan Contact info
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Effective managing director with 20 years of experience in leisure goods manufacturing. Coaching people on supplying chain management, sales team training, marketing brand strategy, and across culture communications.
Consistently exceeded monthly goals, resulting in annual multimillion-dollar increases in profits 7+ years in a row.
This is a copy of your second link with a couple minor English edits which do not change the meaning. The last line is worth noting, and says increases in profits, not profits.
I can see that, and it seems they picked the best name out of their choices from their companies for a western listing. Implies "blue sky" subliminally, and something even bigger, vaster, good choice. That they picked a good name is perhaps significant as it shows creative intelligence in management, good marketing, and market savvy. Also we now have it confirmed that time we have to wait for the big reveal is short.
How significant is the April 11th date? Does the fact that the name they choose is the name of only one of their companies, although it has two subsidiaries it appears, mean only that one goes into this shell or might the name cover more than that? Perhaps we do not know yet, but what do people think? Does anyone know the value of the company with the matching name? Its sales etc?