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reply to apo t. amin
what are you woot wooting about?? continuous new lows??
from 35 cents to over a buck would mean over another 100 mil in market cap value....
so you really think a ship worth 20 mil being delivered on just a down payment financing deal would cause newl to go over a dollar???
dude, keep the unwarranted excitement to yourself...the stock reopened.....did it do what you said it would do??? go woot woot yourself, i'm not interested
r/s dont affect the value of a companys market cap
why do you care if you have 2 shares at 50 cents each or 1 share at a dollar each???
it was the dilution that killed the stock not the reverse split.......
I feel like im talking to a 3rd grade 8 year old trying to explain this stuff to.....folks like you have no business commenting when you are totally ignorant on stocks..
i would welcome another 5 to 1 reverse split if it keeps them on the nasdaq for being over a dollar.......
but it looks like they will get thrown out anyway for that last statement where it sounded like they added 44 mil in cash on their books rather than just paying off debt with dikuted shares.
last time this went to 4.80 .......there was just 10 mil o.s.
now there is 138m os ang growing.....
so if you scale it down marketcap wise...........you are already at the last 4.8 now that its 35cents
just realize the game is rigged.......the market makers themselves are shorting this.....
where is the short squeeze???why hurry to cover when a company continues to dilute the crap out of itself?
i am not a fan of bashing shorts,,,,,,,,,,,,but shorts in themselves are not the problem.....the company is the problem.
why did this retarded company post that article right before the halt misleading new investors by stating they added 44mil to their balance sheets...........that was obviously a fraudulent statement and they hyped it up like that on purpose......it should have read that they have reduced their debt by 44 mil on their balance sheets.............BIG DIFFERENCE and thus the Fraudulent statements that will get them bounced into the pinks..............if they do have a good strategy going forward then Maybe they can be a 200 mil market cap company in a decade or slow down their fast spiraling death but die anyway.....
I dont see a short squeeze coming with this big an o.s.....
they had a chance but blew it with the misleading statement about that 44 mil payment of debt as adding 44mil in cash on their books......DISGUSTING.........this company made me ashamed of being greek.......what can i say......there are good and bad scumbags in every race and culture.
i feel Newl movie may resmble something closer to "the crying game" where the guy finds out the hot chick is actually an effing guy dressed in drag and fake boobs.
its true...
i dont know the top ten short squuezes in history...but how do you really know how many naked shorts are on this stock??
ive seen numbers ranging from a recent post here of 500k and others to as high as 500 million shorts.......
thats one hell of a difference...can they be verified and tracked or is it all just assumption here?
and even a squeeze has its limits otherwise you would have had herbalife become americas largest market cap due to a pending short squueze.......
as if you wont have sellers on newl anywhere above 2 or 3 bucks........people are dieing to get out of this garbage
you make a good point....
i just thought that when someone makes a foolish / outrageous prediction like that ......that it automatically makes them a fool and i have the right as a shareholder to call him out on that.......
maybe i am redirecting my frustrations..
sounds like youre still sore about myself saying you were misleading.........like i said..I apologize.........
its easy to be more blunt about things online..to have a different personality here...but i definitely see your point....i never said i was perfect........and i will take your advice.........i am going to call an escort tonight to get my frustration out but it will be a cheap $60 dollar one rather then the top of the line 300 dollar ones i use to get before Newl crushed me.
138 million <recenly diluted by 1000%> outsdandig shares
multiplied by the 100 price you mention by just foolishly looking at a 3 month chart and not taking into the fact that its been diluted 1000% in 1 month.....
is :
138 mil x 100 = 13,800,000,000
over 13 billion
or
138mil x 100pps = YOU ARE A FOOL FOR EVEN THINKING THIS MIGHT HAPPEN
greece just advanced to the next round of the world cup ....to the top 16........it was ugly but they did advance against much naysayers and critics........
..this is as much proof as you will find that newl too will advance to the next step of trading again and open higher.....its a sign from.... Zues!!! that he has not abandoned greece and Newl ....................yet
youve obviously never seen a duck before.....
when an issue trades pre market...aftermarket or even during a halt..and theres a weird pps attached to it....its usually an in house trade or a late report on a trade.look at the volume......it more than likely an in house trade for whatever reason...........a stock was on loan for a short position and was called back.etc....or a transfer between accounts or family....
do you think 16000 shares trading has any relevance to a stock that traded 10 million shares in 10 minutes?
dont go shooting for ducks if you dont have a hunting license first..learn whats a duck,,,,,,,whats a swan...etc....otherwise you will pay a heavy fine for that type of ignorance...
good luck
i agree with you............all things are possible with this bi polar stock..........
i use to own a piece of garbage at 40 cents that went to 20 bucks in less than 5 months <coii> only to see the company file for bankruptcy 1 year after that...all types of games in scam stocks and possibly a short squeeze.
the topic here was why are they saying this is an OTC stock???......it isnt yet..but its definitely heading that way so why are people sounding shocked that if they put it in the otc world or not..
it could become newlq and if they find diamonds in that coal mine...........it will go to nasdaq again...or trade above a dollar for a while........
all hypotheticals.......
good luck
this new report sounds like more fluff to me......
is there any link on how much they originally bought that mine for? it might help if they actually paid close to their market cap for it when they originally bought it..otherwise it could be just an illusion of a pretty picture and forward looking statement...has this mine been operational before??
furthermore................why are people acting suprised or worried if this goes to otc???
that should be expected if that price doesnt move above a dollar asap..............and from what i understand its already in noncompliance and should get a Q added to newl real soon with the new symbol being NEWLQ
hopefully the old sayings are true..........although this is such a political goofball nothing is certain........
i am talking about those old sayings that once you are disgusted and throw out a stock for dead .....no hype..no bashing...and yet still existing under the radar with a glimmer of profits and equity keeping it alive...thats when it can pleasantly suprise you......
I pray this is the last "promising" penny stock i will ever get into.......i hope i jump into a peter lynch type stock again when the chance presents itself....one great miss was when i bought netflix at 11 dollars and like a fool sold it at 16 for close to a 50% gain thinking i was so brilliant.......as it now hovers at 440........i should have been like carlos slim to apple stock and bought 25% of my savings on that sucker..........not some junk like fecof..................anyway..........good luck to all......lessons learned......and if we dont blow ourselves up maybe some grandkids can see this garbage into fruition.Big Maybe.
fair question.......
i own about 6500 shares.............they are worth just above 3 grand or so right now......i remember seeing that position equity worth just over 2 grand when it was 40 cents when i bought more afterhours due to the volume i saw...when it opened that day before the halt and halting its over 3 grand now.....
6500 shares times 5 bucks is 35 k or so...roughly doing it in my head as i type this.......
i had originally put 10 k of my own money is this crapper explaining my disgust with this stock right now,,,,ive seen 8k evaporate within 2 weeks..//so i wont be making pure profit but considering that i have written this off as a total loss since the halt.........i would be happily suprised to see this garbage get squeezed to 5 bucks...i dont think it will...maybe 1.50 or so........but just playing all scenarios out there........
If you were hoping to catch me in a lie you are barking up the wrong tree.....I'm very fair and honest.......and i mention both sides of the coin every time i post......I claim total uncertainty in this stock unlike some confident dummies who are positive of their outlook on this board.
If i knew for sure there was no short squeeze coming then i would say this is going to 10 cents within 5 months instead, because what i do know is that is still bleeding red,,,still being diluted, and has a history of not making a profit.....
anyways,,,,,if youre long you better pray there is a short squeeze here because the fundamentals are pure crap here.
truce.....
i just felt you were ommitting the dilution part intentionally.....and i dont like people being misled....it reminds me of when i would get burned by charlatans when i first started investing and i'd hate to see it happen to someone else.....
I think the last time it spiked was because people also took the market cap into consideration and reaching 4 bucks back then this was still at 70 mil......so you can arguably say this went to 4 bucks on valuations and probability of most debt being paid off with financing anounced on a new ship and all....
do these 2 new ships justify this to go to 4 bucks now and have a valuation of 500 million...with a fleet of less than 10 ships........I would argue NO......
is there a short squeeze guaranteed to happen?? not guaranteed............but possible.....i wouldnt base it on the rumors though.....lots of baseless heresay rumors out there and thats misleading too......
if there was a supershort squeeze happening....why didnt this stincker of a stock break a 100 million market cap on its last runup past 4 dollars.......
then you have these FOOLISH chartists who are blind to admit that all this recent dilution renders all those charts worthless...
like i said........it was going higher before the halt.....will they give them a clean bill of health soon? accounting irregularities dont help though.........for arguements sake lets say they dont find massive fraud........anywhere over a buck is like seeing it at 5 bucks pre dilution with its 10 mil outstanding shares 2 weeks ago....
I think if there is one of those rare TRUE short squeezes where there is failure to deliver.....etc....then this could run up for 2 or 3 days and not just pop....so only time will tell......can it go to a ridiculous,,,4 or 5 bucks like when drys went thru the roof years ago.before retracing and crashing?? possibly but not guaranteed...drys didnt dilute to hell like these sick puppies....
has anyone shown proof of this conspiracy theory that hannover is holding on to those shares and didnt sell them in the open market daily as they were issued in this massive dilution<which would have explained most of the downward volume> ??????
if hannover didnt sell....the dilution still happened.......and there would be more selling to happen if they didnt sell...........I assume the fantasy story writers next will tell us that they will sell those shares back to newl for 40 cents because hannover is an angel sent to save them.......
whatever....good luck to all..........I only have a lousy 2 grand on paper now with this stinker so i wont be obsessed with this crapper.its already crapped allover me...if it goes to 5 bucks<i really doubt it>....i'll be cashing out 35 g and sending you roses for hurting your feelings earlier.
wow jameson......
youre doing it again............fine lets not argue..............but how could you repeatedly mention that this stock rose 300% in one day with the last news pop..........and yet you fail to mention that the outstanding shares were 10 million back then and not 118 mil...
you fail to mention there was a full retracement in less than two weeks...... this stock dropped 90% from its high as the o.s. grew 1000%..........kind of matching its market cap where it is today with the same market cap it was at 4 dollars...
dude.........just be fair and mention the whole story or YOU are the on misleading investors....the ignorant long and the Newbies who dont know jusy how much this was diluted in those 2 weeks you mention..
40 cents multiplied by 1000% dilution is the old 4 dollars 2 weeks ago....
why would someone buy them out if the market cap is 700 million which is what it would be if you are claiming another run to 4.....
you can hope for a short squeeze and i ADMIT that volume action was BEYOND unusual...but there was also a big sell spike with those buy orders...it might just top out at 60 cents this time and top out or crash again...........its a bi polar stock..anything can happen......just look at the 5 day chart.............I'm an honest person and i dont appreciate misleading investors...........
please stop ommiting the fact that this has been diluted 1000% every time you mention that this rose 1000% 2 weeks ago before it crashed down..
Just be fair......thanks
remember the good old days when you were calling me a nasty SHORT for just warning about this likelyhood....to not put all your eggs in this high risk political garbage.....
I dont see anyone screaming BUY BUY BUY now that its half a penny........
But thats o.k....... I wont tell you "I told you so" as I too have a big wad invested in this DEAD DOG.....I will use an old investment strategy on this investment called "prayer".....but i wont expect something beautiful as my prayers are rarely if ever answered.
heres a youtube link discussing the debate.....nine dash line..etc..........its informative.......but probably meaningless if there is no military might to back up your claims..........that vietnam oil well takeover could have easily been us.are we next?? they better put some destroyers over at reed bank soon or its done for and fecof will drop to .0025
jameson......
how do you justify that this as a ridiculously low pps for new longs to get into???
if you are even anywhere close to an intermediate investor you know that a low pps doesnt mean nothing without knowing and multiplying it by its outstanding share...........the same outstanding shares that were diluted from 10 million shares to 118 million shares,,,,,,and its not over with that dilution yet.....
any investor with half a brain looks at the MARKET CAP to compare to other companies in the same BOAT......
So please tell me hoe 70 mil is ridiculously low for a company that will have more dilution until iron ridge goes away as well as other creditors....not to mention that the boardmembers pay themselves with shares as well...its like an open cash draw.....but every time they pull out shares at these bottom prices, this companies is bleeding to death in the form of dilution and killing its current shareholders.........only those that got in this stock the last 3 or 4 trading days for a TRADE feel good about a good swing in the roll of the dice.
can this stock open higher with short covering??? is that really going to happen?? is it a rumor by longs or are there really 100's of million shares that are nake short.........someone please add a link to prove those claims....I dont see it.....Someone show solid proof of what the real short % really is......and even if it was over 100% which i havent seen proof of,,,,,, if this stock went bankrupt and traded at .001...it would still trade worthless as market makers allowed the shorts to slowly cover their position in the span of months..........i see idiots actually buy bankrupt companies for .001 cents because they think thats a ridiculous low PPS....even though the company has shut its doors and the symbol just trades as a bulletin board/over the counter/pink sheets, stock ,months before its thrown out...
one other HUGE concern.........if or when newl is thrown out of nasdaq....and becomes a bb stock.......... then they wont have to report as thurough as they are required to by nasdaq rules......so you will be investing on blind faith on that point.
sounds exxagerated to me....... although it did pop on high volume to 4 dollars making it about a 70 or 80 million market cap back then...we are alredy at a 70 million market cap right now because of the continued dilution since then.....if shorts could wait it out and cover at 10 cents,,they should .
if there is a FORCED covering of naked shorts, and thats a HUGE IF....then we could have a continued run like what we saw right before the Halt.REGARDLESS of Market cap because forced to cover means FORCED TO BUY BACK, regardless of fundamentals.......These shorts if they exist will be gladly met with SELL orders by me anywhere near 80 or 85 cents...as i am disgusted in this dilution......
So many knuckleheads we debating if another reverse split of 10 to 1 might happen when its already done so much worsein dilution 10m o.s. x over 10..118mil o.s. today....
I give this a 30% chance of it continuing higher as shorts just cover to move onto some other company.....
you could have bought netflix 10 years ago at 10 dollars.when that was just a 100 million dollar company..and watch it grow to 440 pps..........now thats real investing............
Peter LYNCH should be everyones guru/teacher
good luck.......especially to me.
what deal for 44 million??
please stop smoking drugs and read more carefully....they finished their hannover debt of 44 million.....i hear there is more debt out there and dont know of how much.....more dilution but by how much I really dont know what....
is a 44 million dollar debt being paid valued justifiably to be worth more than 70 million in market cap? at 50 cents.....
at a dollar making this about 135 mil cap or so.......
wheres the value.......is that mine worthless?? or is producing something?? why havent they farmed it out?? whats the strategy?? have they laid out the strategy?? has a reputable outside agency valued the mine yet???
Ive bought gold mine companies before and they have gone bust......even with gold near its highs....lots of risks and scams with mining companies....
if this was a market cap of 20 or 30 mil like when i first got in at 2 dollars..........i'd be more optimistic........
if there is forced covering of shorts which may or may not be the case...it could go higher than the true value of this company because its like if i had to cover my 5000 pps dollar short 6 months ago..why should i care if i covered at 50 cents or 2 dollars...the difference would be a few dollars for that investor....that could be a real benefit for a likely pop if thats the case..........but with reverse splits,,,a 10 k share lot has reduced to a 100 share lot.......<roughly speaking>
No guarantees on that and dont know if the chances of that are 10% or 50% of playing out......But it sure would be a redeeming factor helping the suckered longs like myself coming out of this turd with some skin left in the game.
the massive selling was the dilution for most part....and not as much the shorts at a much higher price.....all the real volume kicked in just the last month....and thats despite the fact that a reverse split would have reduced the volume........that dilution of this company looks irreversable and longs look to be bag holders.....put this in your unborn grandkids ira and he may have something to profit from in a turnaround 50 years later.....or a big ZERO to learn from your mistakes.....
you wrote "Is there any possibility to reverse all dilution and borrow to another bank?"
I would be guessing and say no.....but i dont know of any situation like that ever occuring.......
i believe as these shares were issues to hannover..they were being sold into the open market pretty much that same day.....so hannover can get the cash that was owed to them by court order.
hence the only way to buy back those shares is in the open market.......but with what money? and at what price?? they should have sold it all when the company was trading above 3 dollars.not continued selling even at 40 cents....
sell at 40 cents and buy back at 70 cents?? doesnt sound like a good strategy to me.......
if this stock drops to 10 cents and they have reduced their burn rate to almost nothing<dont hold your breath>....then a buyback would make sense for them........as when apple bought back their shares at 500 bucks....it worked for them......but newl is not appl......
if i am mistaken and there are examples of reverse dilution in any other way..........as if hannover still held those shares and would sell them back for cash...please correct me and post examples.....i believe those shares are long gone....
newl should have sold off some assets and paid the damn loan off........borrow against a piece of their Mine if its anywhere close to a 100mil price target.....
the way this played out tells me that newl doesnt have the book value that people assume.......how many times have we sold our cars well below book value?
anyways.....good luck to all except the pumpers and dumpers
jose......only shareholders who bought this dropping knife in the last week or so may or may not see a nice pop.....
I honestly admit that the spike right before the halt with that volume was very impressive......continuing on the volume the day before right before its closing.........they knew this anouncement would provide some sort of pop.....how big and for how long knowbody knows for sure.....
the company should have borrowed money from some other bank and paid off hannover or whomever else rather than to allow itself to be diluted by 1000%........this is why the stock has fallen from so high ...dilution has destroyed this company.....
at 1 dollar this would be a 120 million dollar company..........thats not chump change and i argue if this is what you think a 120 million dollar company looks like.
its very possible if the rumours are true of a potential short squeeze this will go higher due to the forcing of covering shares regardless of the marketcap i bring up........but how true are those rumours ......how many shares are really short???? and how high could it pop before the shorts just ride it out to see it drop to 10 cents again? like the full reversal it just did..
i saw the os go from 10 to 35 mil and i thought that must be the final dilution to pay off hanover...but nooooooooooo.....they had to get to over 118 mil to do that....its pitiful........they should have 50 million in cash after that kind of dilution........
sec is asking questions...for better or worse we will have clarity if this is a scam company or not.....and if they get a green light i also give this a 50% chance of going over 1 dollar short term based on what looked like short covering..forced or otherwise based on the news of debts paid to hannover.....
is their mine really worth over 100 mil or is that just another overstated rumor?? and what about their burn rate?? have they slowed their burn rate at all??? the could be a going concern in less than a year with that burn rate......
good luck to you.......I only pose the questions, find your own answers,
i wish it was you who is right...because i was long this position waiting for this debt free anouncement.....just didnt think it would be quadruple diluted between 8 days ago and now.....
what kills me is how ignorant investors are on this board always worrying about a reverse split which doesnt really change the fundamentals of a company at all...the market value remains the same in that scenario.............
and yet you didnt hear any of the true longs get upset or disgusted as I with the continued dilution and by THIS MUCH......
lastly....misquoting their os yesterday by 10% is not easily viewed as a convenient mistake.
the only way to reverse a dilution is to buy back shares of the company........but instead this company was allowing to be further diluted by outside institutions rather than to pay them the effing cash to go away..........this damage seems to me totally irreversable........
what they should have done was to be buyers of their own stock at .40 cents<if they believed in this company>.......reduce the os to 50 mil............and then anounce their current debt free position...........why didnt an angel investor come in with cash to bail them out??? simply this isnt much of a value play here still bleeding money............damn shame is what it is.......and the way its all played out resembled more like a pump and dump than anything else.....
lesson learned is to RUUUUUUUUUUUUN away from major dilution like this..........good luck in your other plays and i hope you can still recover some losses when this skunk reopens
p.s.....the small uptick with meaningless shares after hours is just late reporting or an inhouse trade...means absolutely nothing.
i dont know for certain if they did or did not "mislead" with their last few anouncements but NEVER SAY NEVER.........
making it sound like ironridge is out of the picture when they are not, and actually continuing to dilute with a green light from the courts sounds misleading to me if not an outright lie....
saying theyve got money to buy more ships doesnt give you the impression that they are about to quadruple dilute their os and turning last weeks dollar valuation into a quarters valuation is "misleading" to me although possibly still legal in the wonderful world of nasdaq and no policing.
whatever.........like i said , maybe i can get out of this garbage soon if it actually continues to go higher....most halts on "questions", usually open lower....I dont control it neither do you..
good luck either way.
joseagro.......
if they anounced being debt free <truly debt free> with their os still at 35 million instead of 138 million.....i would be a cheerleader too......but obviously you have to consider its valuation today and going forward ...is this stock worth over 100 million??? is dilution over with even though ironridge got the green light from the courts to continue issuing shares?
how high can a short squeeze make this go?
when it went over 4 dollars the last time.......the os was well under 35 mil...and now its 138..........thats insane.........by market cap comparisons it would have to only get to a dollar for a market cap comparison pop.
would you buy a penny stock about to trade over a 100 mil based on their only news being theyve paid off most or all of its debt..still losing money and no guarantee at all of further dilution?
I would love to see this open at 2 dollars so i could get the hell out of this dilution prison with my skin still intact but you have to be dependent on the mass stupidity of new longs and a supershort squeeze if thats even likely....
good luck
bbking......
fair enough question, I stated the os <outstanding shares> in that post 5 or 6 trading days earlier, and was leaning on optimism..........in my wildest dreams thinking we <newl investors > had most of the debt paid off there and that dilution would be miscule from there......as it had already moved from its previous 10 mil os.....
anyways....from 35 os to where it is today is triple dilution......so if you were in an average of a dollar a share.........you now need it to go to 3 dollars a share to represent its market cap when you first bought it.......or see the stock trade at 35 cents rightfully so in comparison to its market cap when you first got in.......
so if i seem a bit bi polar you should consider the facts that the shareholders just got screwed big time with sooooo much dilution so quickly and no heads up....tripled its os for gods sake.
Unbelievably so, I actually added another 2 thousand shares at 39 cents aftermarket yesterday because of the insane volume push i saw around closing<i look closely for such volume pops> .........i averaged down a bit to get half of my shares out for possibly a pop around 70 cents the next trading day<open order>...........
as you know the stock is halted and i dont know if this will make a run to 2 dollars on a short squeeze or go to 5 cents for misleading with false statements.........i usually invest but its been impossible to call this anything but wild gambling with this crapola stock and its unstable variables from whence to judge it.... good luck
chartists got their double bottom off of alltime lows today.......
but take in consideration...last time it hit 38 it was half the market cap it is today but with more debt and no ship delivered........today its twice that market cap..god only knows how much less debt,,,,,,,and a smaller ship in their fleet added,,,,hopefully one more coming soon............
still not some of those turnarounds trading below their cash holdings.......but newls book value could hold some promise going forward from here.....40 cents
what n absolute piece of crap stock performance.....they actually diluted twice their outstanding shares just last week...making their 20 market cap go to 40 mil.....so basically this crap has to go back to a 20 market cap where it was and since dilution stiiiiiiiiiiiiiiill hasnt ended..........well....like i said...piece of crap stock.....dilution to pay off debt is the same as debt choking you....its just being called in now....and the stock is crashing till all debts are paid.......the longs are delusional....maybe its a trade at 25 cents.......and even then its a risk
61 million shares in volume to go with that green day,,,i dont agree that it should have gapped up so big in the morning at 1 dollar range with just that news release,,,,,,,,,,
nonetheless the RECORD volume and that trading range is extremely significant...............DONT LET ANYONE TELL YOU OTHERWISE....
todays market cap is at 25 million..........can anyone here tell me what roughly the highest market cap in the last two or 3 years has this company held?with reverse splits its hard to get a clear idea.......
was this ever a half billion dollar company on paper??
500 mil?.........
'if"this ever gets to 250 mil in a couple of years at 7 dollars a share thats a 1000% increase from here.
smart traders got out at 9:31 am and got back miday at .62 cents when hopefully better or more impressive news hits the market.
mzasif...........
that article is extremely weak.that wont budge it....
we know that theres 35 mil o.s. <outstanding shares and that includes 7 mil shares the last 2 days to hanover alone...anywhere near a dollar a share and they got back 7 mil in debt just in that.........the dilution news is out.....which justifiably brings it down the last two days.....but to what avail? what is NEWL'S value when the debt is gone.....what kind of revenues can they generate and how much of a profit margin?? this may very well be a turnaround story and a much safer bet from 60 cents then it was at 2 effing dollars......I would be a seller a 2 dollars...but thats a helluva ride from here to there if it happens that way<which is exactly what happened 2 weeks ago on assumption of fewer shares o.s. and the debt possibly paid off.....
maybe a great buy at 50 cents and a profit taking at 1.90?
1.90 ........roughly 18 to 20 million market cap at 1.90 not considering any other debt
yesterday around mid-day 12 pm to 1.......there was about 4 million dollars invested in newl on huge volume making it move from 74 cents to 1.10...........you cant just blow than off as a careless millionaire gambler who doesnt know this is just a scam stock.....
this has been a bad,,,,really bad investment for a looooong time.............but there is some huge money here and there that shows signs that something else is going on besides dilution and a scam.........
could be just shorts covering outrageous positions...........but between hannover selling like CRAZY and shorts driving this hard.......its amazing that theres lots of longs or traders showing interest in this.....and i mean Whales.....
the first huge short day bringing this down to 38 cents had 10 million shares.....in rebounded the next day to 68 cents on 10 million volume as well.....and the third day it shot to 3 dollars with 35 million shares traded..that is humungous......i wont even go into the 4th day witch had a record 54 mil shares....chalk it up to hysteria...
either way.....this stock is trading the entire o.s. daily now....not just the total float........its outrageous and this can go either way as the number one seller of newl<hanover> may soon go away........
just be honest here folks.......its at a range right now where you cant easily justify shorting it at 65 cents or so.....longs can lose their 5k investment.....but shorts can see their 5k turn into a 20k loss instead if it goes above 2 bucks again.
just my opinion..........just stating facts......
too many kid phrases,hyping and bashing here.......please add some substance to your posts so people like i dont waste time reading IDIOTIC remarks.
thanks to all with intelligent conversation and insight on this board
this volume today was the same volume........32 million shares trading.....when it shot the stock up from .64 cents to almost 3 dollars in a single day.........so if its this same volume shorting today that will be covering on any upside news something similar may or may not happen.....but the possibility is there.
on my etrade accound it states this stock did not meet nasdaq requirements........so its likely the will have a Q soon....as in newlq...........how much will this affect a beaten down stock already........you can argue that 15 million dollars traded hands today..........if that was hannovers continued selling....and included something like close to 10 million dollars of their debt being paid down.....thats significant.............sounds like a stretch but thats what this is all about isnt it.......newl wants to restructure and is paying off its debt......
my etrade says market cap was 7 mil at .75 cents with 10 million shares outstanding........and if the correct number is 35 million outstanding instead with all the dilution......then the market cap is closer 25 million market cap with uncertainly knowing how much of the debt is paid off........i keep hearing guesses of 60% paid off.......and with this type of volume and exceptions made on selling........this selling machine called hannover will stop this company from massivebleeding it to death.
this may very well reach 30 cents.......i dont know....but even at 60 cents....if there is a "suprise" anouncement of 75% of the debt or more paid off.....i can see this being covered back up to at least the 2 area......
holding company or company doesnt matter..........yahoo is a holding company having alibaba......but that didnt stop its stock from tripling because of alibaba.
and if shorts are in this one so huge..and i dont blame them....congrats to you.......the last shorts in may get badly burned as they did when they shorted 2 dollars down to 38 cents just 2 weeks ago.
looks like its stabalizing...........
doesnt guarantee it wont go down after a day or two....
but ask yourself......
what is the next news catalyst?good news or bad news?
we already know about dilution and a whopping 35mil o.s.
that isnt pretty on a fundamental basis.......but on a technical basis.......if they do anounce...and thats a big if......."if" the anound 70% of the debt gone which explains the straight down selling and chart.........this might be a turnaround company .....not because of a value play ...although thats arguable too when the smoke clears.
the jump toward 2 bucks can happen because of a short squeeze as yearlong shorts wont mind shorting even upto 2 bucks since they will still be profiting 98% gains in 6 months.
just my opinion............and i reserve the right to eat my words......i'm greek and i dont trust those shady greeks in pireus greece too much.........high risk play here.
well gambling is different from investing..........people should specify when its just a trade....
anyways, good luck....i'm done posting here..its pointless
a debt ridden,,,,,diluted weekly sock???with no clear signs of earnings anywhere!
no you dont "goota love newl"
IF THATS ACCURATE........
AND IF ITS FROM ALL THAT DILUTION TO HANOVER........
THEN IF THIS WAS A BUCK IT GIVES IT A 35 MILLION MARKET CAP WITH LESS DEBT...........IS IT WORTH THAT MUCH???
OPEN QUESTION TO ANYONE WHO WANTS TO ARGUE THEIR TRUE WORTH.
WITH ALL DUE RESPECT.....DID THEY PAY CASH FOR THOSE TWO VESSELS??
IF THEY HAVE BEEN ORDERED TO PAY BACK A LOAN..AND DONT HAVE THE CASH TO DO IT.....THEY EITHER NEED TO LIQUIDATE SOME FLEET TO GET IT DONE......IF THEY HAVE A WORTHY ENOUGH FLEET THAT IS.......
IF THEY DONT HAVE THE CASH FOR THIS BACKLOAN.....THEY BETTER PRAY SOME OF THOSE REVENUES ARE PROFITABLE JUST TO KEEP THEM AFLOAT...........PRAYER IS NOT A GOOD BUSINESS STRATEGY
HARD TO BELIEVE THIS WAS ABOVE 3 DOLLARS JUST 5 DAYS AGO.....
THE 5 DAYS CHART IS ENOUGH TO SEND YOU OFF A CLIFF IF YOU ARE LONG NEAR ITS MOMNETUM HIGH 5 DAYS AGO....
SOME INVESTORS WILL HOPE THAT IT CAN RETURN THERE AND TRY TO DOUBLE DOWN/ AVERAGE DOWN BUT THATS SOOOOOOOOOO DANGEROUS HERE.....WHY SHOULD THIS BE HIGHER? WHAT ARE THEIR EARNINGS?? WHATS THERE TO SALVAGE IN BOOK VALUE?
SOMEONE MENTIONED.....IF THERE WAS A COURT APPOINTED DEBT REPAYMENT...........WHY DO YOU ASSUME THAT WILL HAPPEN OUT OF THIN AIR AND THIS WILL GO TO 100?
WHERE WILL THEY GET THE CASH FOR THAT REPAYMENT?
NO CASH?? FORCED BANKRUPTCY......
SO THEY GOT TWO LOANER SHIPS ON A FINANCING DEAL..WHEN THEY DONT MAKE THOSE PAYMENTS....THOSE SHIPS WILL GO BACK TO THE FINANCIER......A 2 MILLION DOLLAR BOAT DOESNT JUSTIFY A 40 MILLION DOLLAR MARKET CAP <INCLUDES DEBT>WITH A HIGH BURN RATE.......
I WISH I COULD SCREAM GO LONG FOR THAT 300 DOLLAR PRICE JUST 3 MONTHS AGO....BUT IT SHOULD BE OBVIOUS WITH NO VOLUME BACK THEN THIS STOCKS PRICE AT 300 WAS NOT VALID..JUST MARKET MAKERS MOVING IT WITH NO REAL VOLUME...
I WOULD LOVE FOR ANY LONG ON THIS BOARD TO ARGUE HOW OR WHY THIS COULD GO BACK TO ITS 3 MONTH HIGH..........WHAT IS IT THAT i DONT GET???
PROVE ME WRONG AND I WOULD GLADLY GO LONG FOR A RIDE BACK TO 3 DOLLARS AT LEAST.......BUT I JUST DONT SEE IT OTHER THAN 5THOUSAND DOLLAR SHORTS CLOSING OUT THEIR POSITIONS AT PENNIES.
IF HISTORY REPEATS THEN SEE THE 1 MONTH CHART.1 YR CHART..3 YR CHART..
AND ITS RED RED RED
NO MATTER WHAT...THIS IS HIGH VOLUME TODAY AS THERE IS A BATTLE BY EQUAL LONGS AND SHORTS..........OR IS IT JUST MARKET MAKERS DOING TRADES.......ROUND AND ROUND SHE GOES.....WHERE SHE LANDS NOBODY KNOWS
next best thing BESIDES POSSIBLY finishing green from a 20PLUS DROP IN A DAY,,,,,,,,,WOULD TO SEE IT STABALIZE FOR A COUPLE OF DAYS...FOR EXAMPLE.......IF IT STAYS BETWEEN 75 CENTS AND 80 CENTS FOR TODAY AND TOMORROW..........THERE MIGHT BE SIGNS OF LIFE STILL IN THIS PRE SPLIT .015 PENNY STOCK
if this stock closes green by some sort of miracle...........maybe theres a chance for it going forward technically speaking......but there has to be some change in the fundamentals too ........
got to see it to believe it first.........this recovery from .73 to .82 could be just one short covering his profitable position from the last 3 days.
lets see if it closes green...gotta see it to believe it.
good luck to all........dont gamble what you cant afford to lose.especially on this stock