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there is a new fec resouces annual meeting and they asked me to use my voting rights on some issues...as a shareholder....
funny thing is that our votes will be meaningless as mvp and pxmff control the over 51% of the votes and the company...
anyways..this hasnt sunk completely into the bottom of the ocean yet thanks to the small fraction of the small oil well fecof owns...............
and if we are superlucky and still alive when this thing plays thru we may have a happy ending afterall......still a crazy longshot though
hi johnny
no....im just sitting on this pile of crap called fecof hoping that it will condense enough into coal and then into a diamond in the rough................or then again it might just stay hardened crap forever or slowly disintegrate....
im also in a longshot nvlx but i wouldnt put more than 5% of equity on it.
the rest of my cash i invest in these fine little escorts that give me residuals in happiness............actually some of the best investments towards myself have been them...especially in comparison to fecof......its good to see nidof rising a bit though ..even the bid is up.....maybe theres hope in that region.
im still holding out somesmall hope for sc72 and fep.l
i wouldnt get excited about the d of defense of the philipines vowing to defend sc72...........the us defending it or british navy protecting it would give me more hope.
galoc looks to be holding fep.l slightly profitable long enough to see if something happens in sc72 with drilling.......
this could still be one of the biggest break out stocks of all time if the drilling happens and ten years later this is a 10 dollar stock,,,,,,,,but its still on helluva long shot thanks to the damn commie chinese and the strength of the well and verifying deposits once done....
i could wait 10 years for it.............i'll just borrow against my stock as it rise if we get so lucky.
nidof shows life of a comeback probably also thanks to galoc.
take note though that fep.l is near its 5 year lows....not much confidence there.
i am hopeful too.......BUT,,,,,,remember they said this is the basement of reviving discussions .....................and 2016 is not arounfd the corner....tread lightly.............good luck.
http://news.yahoo.com/china-finishes-oil-drilling-disputed-waters-030515607.html
maybe its nothing and jst a break for china.........or maybe.........just maybe its the beinning of a different less forceful strategy from china..............
all these fools need to do is buy fep.l for a few billion and everyones happy....whats wrong with that? theyve risked more than that on us govt junk bonds.
good luck..we need it with this dog
might be time to finaly get back into nvlx......encouraging news....we are still waaaaays off from human results...benchmarks..etc.......but this may start clicking up and not look back from here..........any dips below 24 would be great buying opportunities now.
ockid:
I got out............how can you predict the true value of a stock when they dilute by whatever and whever they want.they only anounce the dilution afterwards..what good is that.....
this was 6.5 cents before r/s............which meant it was worth about 3.60...
so at 4.50...its like it went back to 8 cents pre split...does that justify holding it from 50 cents all the way down to 6 cents to see a dead cat bounce? or am i to believe you got this at the very bottom and it will only keep rising from here?e?
I am pro business but this company has acted poorly.managment sucks......i dont trust it.i'd rather poke sh-t with a stick than poke this garbage.......good luck to you.
gamblers always lose long term and this is a gamblers stock that has destroyed many peoples hard earned cash before.
dear ockid:
I amreaching out to you so you dont hurt yourself anymore...............what price do you think newl really is??? pre revrse split adjusted????
newl is the .0007 stock you are talking about.................
wake up kid........financing a second boat with 20% will not save this shipwreck this time...people were anticipating no more dilution back then with just 10 million outstanding shares.....and yet good ol newl watched it be diluted upto another 325 mil o.s. as the last report says......and are readjusting the shares post reverse split to look like 6.5 mil outstanding......
i'm trying to help you not get suckered like i did the last time this shot up........i lost 90% of what i had.......and yet im grateful to keep the last 10% realizing that this was the worst stock of all time.........
if there really was equity left in this company, maybe someone will see a "good trade" but thats not us.......we already lost big time and it would be a roulette type gamble to throw in more.....even if it goes up 100% you will still be under ,,,,,,,,and i dont think it will go up 100% as iron ridge is still out there ande so are the market makers.etc.
buy the fear sell the cheer does not apply to penny stocks being diluted to hell......
do you buy the fear of penny stocks becoming worthless when and during the process of them actually becoming worthless?? 95% of penny stocks go bankrupt...........
there is one faster way of becoming worthless before bankruptcy and youve just seen it here with newl....DILUTED from 138 mil outstanding shares to 325 Mil in just 2 trading days.................this was 10 mil o.s. just 2 months ago..........theres no going back to old highs..bounces,etc,,,,,,,,this was LEGAL Stealing of new investors cash........and now theyve covered it up where it seems like theres only 6.5 millio outstanding shares now after rverse splitting.......and as the new fish come into the pond to see why this is bouncing up as shorts cover on pennies on the dollar of their original investments....new shorts will come in...iron ridge included.......and make fish meal out of the newbies.... the vicious cycle of life in penny world dilution
Learn from this......move on and only invest in peter lynch type stocks like gopro, netflix, etc,,,,
this was trading at a 16 mil market cap before closing......give or take........and we didnt even know the damn float was 325 mil already..........that has to be newlead themselves taking money out of the register.selling shares before the reverse split.........up their cash on the backs of unwitting investors....
now with 6.5 million shares.........at 50 cents a share.....they have repriced this stock at a 3.2 million dollar market cap.........
AINT I LUCKY FOR GETTING THE FFFFFFFFFFFF OUT just before closing............
this may very well start rising much higher from the 50 cents a share.....and New investors who get in tomorrow may win in a trade.....similar to the reversal 2 months ago...where older investors got screwed just like this very last batch just got screwed....and the cycle repeats.......
will they ever stop diluting??? was this really just their last time? if you could trust them to dilute.........and IF they raised cash today in a selloff this might be a much better gamble getting in tomorrow at 50 cents...or averaging down a bit.......BUT BUT BUT............how the hell can you trust these greek scumbags??? <im greek by the way so screw off if you think i'm racist>
how the hell was this dummy run company ever worth over a hundred mil??? what a scam............intentional or unintentional..this was a scam.
For those of you who told me to shut up and stop being pessimistic...........especially to that clown who read "the secret" and thought he could see his investment go up just by positive thinking..........
the EGG is on your face now..........I lost a bundle but i saved my last 2 grand in this shitter with just 2 hours left to go before all hell broke lose.....
Since so many retarded kids are here with their barmitvah money.......let me help you do the math.......you thought 6 cents was a BOTTOM??? well now you hold it at 1 penny........reversed your shares to 50 to 1 and you have 50 cents...............in other words.....YOU ALL GOT SCREWED.
Stop defending Newl.........these board members only want their salary for doing nothing more than Fleecing new investors..........
this will pop up only because shorts who sold this at 10 cents or higher wont mind buying this back at .01 or 50 cents.......
will this open at par value?? 50 cents per share or much higher......like 1.50 to reflect something like 3 cents a share from where it was....what a mess.......
because if you think logically and clearly, it will be a lot better.
YES.....IF YOU THINK ABOUT THIS LOGICALLY THAT THIS COMPANY JUST DILUTED ANOTHER 125 MILLION SHARES OVERNIGHT.....THEN YOU WOULD GET THE HELL OUT OF THIS CRAP STOCK............THATS LOGIC.....
I MISSED IT COMPLETELY AND ACTUALLY ADDED 2000 SHARES TODAY...WHEN I REALIZED THIS DILUTION WAS ANNOUNCED FRIDAY AND NOT UPDATED ON MY CRAP E TRADE ACCOUNT........I HAVE SEEN ENOUGH..I AM OUT OF THIS POORLY RUN IF NOT FRAUDULENT COMPANY....
WHO THE HELL MAKES THOSE TYPES OF DILUTIVE DEBT DEALS ANYWAY....WHAT A STUPID BUNCH OF GREEKS,,,,,,,,,,,,DISGUSTING.
according to your scenario with over 250 mil o.s..........a 1000% gain would make this 125 mil market cap.........do you actually think they deserve a market cap like that????no signs of profits............no partners interested in them.,,,,,,
if they survive this DILUTION...........and Finally EFFING STOP DILUTING........then they will be lucky to get back to a 30 or 40 million market cap after destroying the faith of loyal shareholders with their disgusting dilution debt deals .............this has actually reacted worse than any OTC crap stock i ever bought.
ther is no r/s YET.........but historically you know its coming........what about the dilution?????????
my effing e trade account sucks.........it still shows 138 mil o.s. when i obviously know thats wrong now...i thought this was at an 8 mil market cap but its actually 17 mil market cap right now..................which unfortunately means it still has room to drop.....this company really bloooooooooooooooooooooooooooooooooooooooooooooooooows when you get diluted Compoundedly........damn thing only had 10 mil os when i first got in................someone should go to jail.
how in the eff did they just double their godamn o.s. shares again......I curse the day i saw this piece of crap rising on a ead cat bounce....albeit a 1000% bounce it is still crap since then dropping 99%.
even worse then enron....this is pure Crap
138 mil is not at all a low count.......probably 150 mil to be reported soon....they use shares to pay their bills and wages.........its really a risky company here..........but either way.....
if they did a 30 to 1 reverse spit that would put them at at an adjusted 1.80 cents.....well above a dollar for nasdaq...........
there would only be 5 million outstanding...but hey...so what....this could trade 200,ooo shares daily and be rid of market maker manipulation for day trades
exactly marino......i tried to warn people that this will go close to 5 cents.....well below a 10 mil market cap.......and im not even sure if there will be more diluted shares anounced soon with all this selling.....i was called a short ..when i was just being realistic.......
i actually bought 2000 shares here for a crap shoot to average down my cost..now i need this to get to 45 cents to break even but bankruptcy is still very likely with them at this rate.
dude.........there is no Guarantee of another ship...............it was pending.........if you were the lender/financier......would you loan/finance a new ship out to a company riddled in debt..........with a market cap well below 10 mil currently ......for only 10% down payment???
I hope they get the next delivery but they may not.....
Newl has themselves been pulling out cash in the form of diluting the stock.<selling shares> to keep the lights on............there accountant may call this a going concern soon...........they sould sell the mine for 40 million if they can and buyback some shares......otherwise this will be a going concern if its not already considered a "going concern" with their account
yes fecof has a very very very small slice of that....
2% if i remember correctly.......
if they could just find something similar to that find...have at least 5% in that......and this might go back to 3 or 4 pennies in 16 months or so.........
big maybe.... I hope this somehow finds a way to turn around because the lotto play in sc72 most likely will never play out...
good luck to us all....
hints of this turning around should be reflected in fep.l first....and so far it is not.
close to a million shares traded just doesnt mean the same at these prices like it did at 7 cents.....
i checked fep.l and it hasnt budged
looks like some long averaged down another 8k on his position..........probably because he thought those drills on nearby reefs with the us navy was a good sign...........
I would need much more than that to average down on this dog again
oviously its a fight between longs and shorts.....
but you shouldnt always claim manipulation as it was obviously just a smart bet on shorts for over a year, predicting easily that this dilution would destroy their pps..........
it seems that most bears feel this will never recover.....and some recent new longs are giving up too and just selling....
you must admit that this company has yet to prove that they can turn profitable with what equity they still have.........and they cant guarantee further dilution due to their NON cash situation will not continue.
if this stock was such a slam dunk as you think ..no bear "raid" would keep it from closing green AT LEAST 2 days in a row
there are tons of companies that trade below book value..............by more than 50% below book value and some are even earning a profit.
so why newl?? do you know what newls burn rate is?? burn rate going forward as well??
theres also depreciation........this is not totalling 200mil.....
i hold just a small hope that an investor will come in to partner with them and farm out a coal mine that may or may not be profitable..........
why is it so difficult for this stock to close green for 2 days in a row? til then you folks should get so excited.......the positive 1 boat addition coming was already anounced and for the most part is priced in this stock.......
but will they dilute again for this purchase down payment?? these are the issues continually hurting the stock..........and once delisted they wont have to report any shady business or numbers we are able to follow while under nasdaq.....so therefore the stock will take another hit for delistment......
Lots of stock fall below nasdaqs 1 dollar requirment and get delisted almost daily.....and yet people on this board are lieing to themselves that for this reason alone the stock will go above 1 dollar< reverse split then i agree with you we will be over a dollar>.
anyways...dont lose your shirt.......good luck
so you think the arrival of a 20 million dollar cargo vessel will add 70 million in market cap????
they already have a fleet of about 10 ships and they lose money..........
can you please explain youre reasoning??? it sounds amatuerish to see posts like that.
I really hope you dont think it will pop to over a dollar just because the last time they had similar news it rebounded extremely well........
History does not repeat itself here <unfortunately> because this has been diluted by ONE THOUSAND % since that last news of a ship delivery.........the last time it also popped it was because they anounced BOTH SHIPS and its already priced in........THE BIG REASON it originally popped was because people thought that dilution was over at 10 mil o.s. since they are getting the ships and that the debt must have been paid already for that to happen.......but it didnt play out like that...longs got in too early in anticipation of the debt free news and got caught with their pants down on 1000% dilution.
the correct terminology is 'dog" not pig
confusing it with the term "pigs get slaughtered" for those who thought theyd make a lot of money on this and over invested.....or stayed in longer for more profits<trades> on these small pops and got slaughtered...
hey 360 spyder
i remember looking at plug at 15 cents too...but they had that "going concern" statement as they were flat broke even though they had some promising contracts on a zero margin business.....then an angel investor came in.....gave them some breathing room and the stock popped to 45 cents....i didnt want to chase it so i lost out.....
the thing is Newl doesnt have an investor.....a mine partner who will foot the expenses for drilling/mining............
its not the same comparison..at least not yet.
its true that Onasis became the richest guy in the world with greek shipping 60 years ago.....but this is not then, and newl is not onassis..........still they should find a way to make this profitable and maybe pop like "drys" did years ago....No guarantees with them.
janjanyaro....
are you new to invesing??? nasdaq cannot order you to buy back shares...... they give you the option to get to 1 dollar or be delisted.... so newl will likely reverse split again to become 1 dollar or they will just go ahead and go to otc market and be relisted on nasdaq 1 or 2 years later or not at all if they keep losing money.
please educate yourself on investing first before giving advice that is wrong.
i agree that this is a dog and you dont know if there is further dilution coming with this stock.....if there is further dilution it wont be as extreme as before but nonetheless it could happen, another 20 mil shares diluted by them is not out of the question.....they dilute to keep the lights on, not just to pay for the debts.
having said that, I DISagree that if this goes to otc it will drop to zero right away.......they still have some equity and maybe as they are trading in the green today the market is saying that their equity is at least worth 35 mil market cap for now,,,,,,
just maybe
delisting and reverse splits to stay on nasdaq with a higher pps doesnt scare me...........the dilution is what scares me,
good luck to all.......dont lose your shirts.
that was a good call stockstuffer if you were just doing a "trade".....but if that was looooong advice then obviously theres no rush here as its once again closing at the new low for the day.
good luck
mr. decales....you said:
common sense is non existent on this board..........
every long is getting ahead of themselves.......this stock has been hitting new lows daily....constant downtrend....
Loongs should look at this with clear perspective and "Unbiased" opinions as much as possible......
fact: this needs to stop making new lows and base before any possible if at all eventual recovery...
So step one would be for this to actually finish green for once.....and do so for at least 3 or 4 days in a row.........
I would rather see that play out then watch this swing to 20 cents and then up to 35 cents.........swings keep this unpredictable as the next day it can go from 35 cents to 20 cents again.
you pose a good argument Gary......
that might be true, they wouldnt be the first and they wouldnt be the last........
enron did it..worldcom did it...why not a penny stock like we were warned about from a movie like "wolf of wall street" and boiler room years ago....
I envy the shorts at 6000...........if i knew about this forced dilution from way back when i would have shorted in this guaranteed spiral too........
instead i tried to TIME the end of their debts for a turnaround and believed we were done when we reached 30 mil o.s. ....believing further dilution was unlikely.....boy was I wrong......
that volume pop the last time it had a run to 4 bucks grabbed my attention and those signs usually help me find 9 out of 10 winners going forward..........but this obviously was the stock that was DAMNED by the courts and by Managment .....and fooled investors on a false and early turnaround..
good luck
tob999
this dilution happened <from 10 mil to 138 mil os> because the managment of newl did not pay their debts when they were called in.........they <the financiers> took newl to court........and the courts gave the debtors the right to receive shares until their debts were paid..........or receive cash for their debts and it would stop..
managment for whatever reason didnt sell or liquidate something of worth <the mine perhaps> and pay off their debts to avoid being diluted by that way and in such fashion......managment failed..what did they think that the stock was going to just sit at 3000 while everyone cashed out?
is there a probable theory that shorts took this forced dilution in a way to force this company near bankruptcy and guaranteeing their short positions solid gains???? Of course......and theyve succeeded in doing irrepairable damage to this company in the form of o.s. structure and decimated pps.....
should you blame the shorters or managment who allowed this to happen because of their inability to get their house in order sooner..........
if newl had serious equity they should have used it to take out a loan and pay off the debtors who did this to them at so called rock bottom prices......
good luck..........my advice to you is to avoid averaging down.............if it goes to 3 cents and they still have 138 mil o.s.........then maybe you can avg down just a little bit and hope for a pop back to 8 cents..........but this is a gamble............go to the roulette wheel and put 100 bucks on "7" it pays out 35 to 1 <$$3,500> and i really think you have better odds with that one than with newl.
good luck tob999
i'm really sorry to hear of your losses on this..........
read a book from peter lynch..invest in a 401k that matches your investment 50% and always diversify..this crapola stock should have been less than 5% of your risk capital and no more than 15 or 20% even if it was as solid as investing in Apple.
this bad trade will take me 5 months of work to make back....on one effing bogus stock....its a shame.......just dont get suckered into averaging down on a turd/diluting stock like this....
there are so many other companies trading below their book value with zero debt and a slow burn rate representing a turnaround more than this crapper.....
Regi has a very low p.e.
then theres luna who has lots of cash from selling a subsidiary.......so many other stocks to diversify with for turnarounds........
they said blackbery was going to have a huge short squeeze and that had just a small pop and back to the crapper they went.....You cant bank on "squeeze stories" when nobody here has produced proof of the so called 400 million shares short.......besides, those shorts dont need to cover until this goes to zero or signs of an actual profit vs. their quartely losses....
good luck Jameson...sorry for being harsh before....sometimes i say what i say to force myself to take my own advice....to keep myself from being stupid and averaging down on a stock that still has a high 60mil market cap and has a more likely chance of going down then Up...
there was an article like 2 years ago that some large investor dumped millions on this........but i dont know what to believe anymore and i dont want to research anymore a stock that i have promised not to put any more money into....
if you want a longshot research mvis,,,their display technology will be in smartphones soon....thats a better risk than newl, and also holds the possibility of going up 1000% in due time but still a HIGH RISK PLAY......and longshots dont deserve more than 5 or 10% of risk capital....
a lotto play cost a few dollars.....not life savings.........anyways, i was on the beach today and that didnt cost a damn thing so enjoy life and respect your hard earned money going forward
i wont worry because i am writing this off as a complete loss ...........so any upside at all would be a pleasant suprise.........but i will no longer give this my time and effort anymore.I will disappear from this forum..
If there really is some value in that mine and it wasnt a bad purchase or a scam.....then maybe they can slowly turn this around......but i dont think we'll see a dollar for a long time if ever.
this is not going to just die tomorrow......but if they dont start earning money real soon....6 months........they will dilute again and again and this will have a slow and painful death for all its shareholders........I no longer want to have false hope so i'd rather just write it off completely......and theres no way i will average down on this unpredictable ....dilutable ,,,,,high risk stock.ive thrown twice the amount i already should have.....i have thrown good money after bad before and i wont do it anymore.
good luck
marino...my shares werent worth zero...my equity was showing at 50 cents..... i wish they went private and whatever happens happens......
you are right.....most longs will hype this up so maybe this stock can go up and i can break even...
i should play a poker face like everyone else right??
look, i'm the guy that gives the homeless guy 10 bucks...
and i'd rather break even with honesty rather than have some poor guy believe the bullcrap hype...put his life savings on something he doesnt understand that just got diluted 1400%....and is trading at a higher market cap then it was at 4.80 3 weeks ago...
you are right i dont play a good poker hand when it behooves me to do so........but i dont want honest people who might come here for information be lied to and fall for the hype.....
most rookie investors look at this and say..wow....if it dropped from 1000 dollars 2 months ago then it could surely go to 5 bucks on a bounce ......overlook the reason why it dropped from 1000......is because of dilution...making everyones shares worthless.........
I will hope that this recovers in a decade but i wont hold my breath...i have a basket for mistake/risk stocks like this one and i will put in there and forget about it....
Lastly ..looking at this worthless site has become some kind of entertainment for me, a substitute for tv where i want to catch people in their b.s. and call them out on it.....maybe some cheap revenge for the large losses i just had on this...........
anyway.....good luck but seriously...dont hold your breath on this one.....i was hoping on theslim chance of a short squeeze to save me but its not happening....maybe there will be a squeeze from 2 pennies to 7 pennies if it gets that low one day......but theres no rush to cover here.
just my honest opinion and good luck
thats true.....how much of that 5 bln will newl get?? what does the contract say??
NONE
stop hyping non existent money for newl
marino...you dont know me.....and you shouldnt take any posters word for anything......always check the facts and do your own due diligence.do your own homework...if youre not financially educated enough to know whats going on here then stop adding more hard earned cash in this dump for your own good....
But if you must know, I got caught in the halt...i was going to sell it all at 70 cents if given the chance.......now i have just over a grand<out of 10k> on this garbage and i might as well let it ride from here..its going to be a tax offset or write off for me one day anyway<as it looks to finish a loser>.......thats the best i can do at this point anyhow.
I shouldnt bother on this site..its a waste of time....but if i could save a few people from making the same mistake from the same garbage you are hyping that this will go to 4.80 again.....when you dont mention the most important part that this has been diluted 1400% since then........maybe im here to save you from yourself or others from the stupidity you are spewing.........stick to football my man..........you obviously are clueless on the importance of Market cap over stock price........you are saying that this will go to 600 million market cap at 4.80...you are deluded if uou believe that........be happy and grateful i am pointing that out to you otherwise you would be averaging down all the way to personal bankruptcy if you actually drink your own kool aide
i agree with you there....
there was a MASSIVE run happening.......and it was halted because the news release <causing that run> was very misleading if not outright fraudulent claiming they added 44 million to their balance..........when in fact it was the debt finally paid in the worst way possible...diluting this thing 1400%
even i had to reread it because the way they phrased it i thought maybe they sold a couple of ships for cash and might be cash positive now,,,,,,,,,,,,,but nooooo......just more bs hype.
if they would have just been cool about it and not hyped it up in a way where it it could be halted for a "lie".....then we might have been at 70 cents....
but this is what happened,,,,,,this played out instead and the short squeeze doesnt seem to be as big as people hoped for...........diversify and stay away from penny stocks/scams ,.....especially diluted garbage..there is a new 6k out there and i dont even want to look at it and see how much more theyve diluted again.....
whatever.....good luck to you
shame on you Marino for not mentioning that the os was just ten million <<10 m os>> and not the 140 mil o.s. it is today
what is 4.80 diluted %1,400% ??
roughly 28 cents.....
c'mon bro..stop lieing to yourself if youre not intentionally lieing to everyone else....
i bit the apple too ..........and it sucks,,,,its a rotten apple
what good would a ship added to their fleet really do??
they still lose money....
the only reason this popped up last time was that people assumed that news of the loan paid in full was just behind......anyday now........while the outstanding shares were still at 10 million
now that the o.s. is at 138mil and growing.... and we know that this was the true cost of finally paying off that toxic loan from an unorganized Newl..........we now know the good news at good valuations didnt come and what we have left is true crap.
apo t. amin....
you might mean well but you are only DELUDING yourself if you think a 40% down day on record volume <<where the stock is at an alltime low>>> is a good thing...where is the "open at a dollar"????
for deluded longs.....a new low means a chance to buy at the bottom price......
and yet... 100% of all companies on their way to zero pps and bankruptcy hit alltime lows on the way down this path...
be careful not to delude yourselves.
i look for turn around companies but this one is the worst of the worst and unfortunately has a higher chance at bankruptcy..........pre split this is trading sub penny already.....just like 99% of companies who trade sub penny before shutting their doors.
I believe the nasdaq will certainly kick them out anf the sec will follow suit against them...the should have never said "44 million added to their balance" ......besides rewriting some acounting "errors" on the ceos "expenses"......its bad news....
if this mine was creating a profit for them than maybe theyd have a chance......
ask yourself as well.........wouldnt you as a CEO have sold that mine to get at least 75% cash back and pay off that loan which diluted this company to hell....they could have had 75 mil and used it to be debt free,cash in the bank and a fleet that may or not make money with only 10 million os........then this would have went to 10 dollars......they missed this opportunity....that chance is gone.........why ???? maybe that mine is bogus thats why....very possible with a company like newl in a scam city like pireus in greece,,,,,,,,,,,
I wish i was wrong......but so far ive been right and i hope nobody adds to this garbage position on its way down to a 20 mil market cap if not worse
well if the shorts were covering the whole day while longs were unloading.then the shorts are sitting pretty arent they....
so much for the bullcrap short squeeze theory....if there was going to be a squeeze it would have started today and yet you had this stock reach an all time low........
you must be smoking crack if you think the longs are at an advantage here...stop believing the hype...this hit all time lows on all time high volume,,,,very very sad for longs and what looks to be the beginning of the end for newl....
their market cap is still high for a company losing money every year ontop of dilution to no end in sight.
what is their book value???? companies like this are lucky to sell at 50% their book value anyway.......i have only a grand in equity in this left so i no longer care so much,i make a grand every 3 days so i'll let it ride out and see what this stinker company looks like a year from now....probably zero