Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL... There are no quotes!
Hope that you don't get it because it's even harder getting out unless you really low ball your ask! That's kind of a silly way to trade, don't ya think? LOL
Yeah, if you bought under that!
Yes, it's manipulation, and I truly believe Zolotas is behind it!
Maybe, maybe not!
They have to close at 1 cent or above for 30 consecutive days to get listed, so don't start counting your money yet! Even then, they will go to the pinks, not QB! But at least it will be quoted...
You replied to a message I wrote back in 2012... I don't play GEVO anymore, but good luck to you!
Thanks, duly noted and intro box updated!
There were 2 SEC filings, both Form SC 13G/A's, filed on February 10th. 2015. It seems that both,
Roadmap Capital, and Alpha Capital Anstalt, have reduced their investment in Intelgenx Corp.
Roadmap Capital:
Last reported owning 3.900,247 shares, or 6.17%
http://www.sec.gov/Archives/edgar/data/1098880/000106299314003813/sc13ga.htm
Now reporting owning 3,568,847 shares, or 5.62%
http://www.sec.gov/Archives/edgar/data/1098880/000106299315000586/sc13ga.htm
Alpha Capital Anstalt:
Last reported owning 5,657,388 shares, or 9.276%
http://www.sec.gov/Archives/edgar/data/1098880/000121390013007226/sc13g1213alpha_intelgenx.htm
Now reporting owning 3,166,916 shares, or 4.99%
http://www.sec.gov/Archives/edgar/data/1098880/000121390015000881/sc13g0215a1alpha_intelgenx.htm
Should be around 2nd. week of March...
I know some of you here don't do your due diligence... Let me get you started!
These five tankers that NEWL just financed come from one company, Harmonia Shipping Management. They are Captain Nikolas I, Nepheli, Ioli, Katerina L, and Sofia. They are all very small chemical tankers. Being chemical tankers, they have individualized compartments, for different types of chemicals. You really have to wonder why they bought these ships. They were the only ships owned by Harmonia Shipping Management, so they basically are buying another companies entire fleet. Doesn't that seem a little strange? Why would that company be selling off their entire fleet? We'll have to dig into that, and also see what the relationship is between that company and Zolotas!
http://www.shipspotting.com/gallery/search.php?limit=12&limitstart=0&search_title=&search_title_option=&search_imo=&search_pen_no=&search_mmsi=&search_eni=&search_callsign=&search_category_1=&search_cat1childs=&search_uid=&search_country=&search_port=&search_subports=&search_flag=&search_homeport=&search_adminstatus=&search_classsociety=&search_builder=&search_buildyear1=&search_owner=Harmonia%20Shipping%20Management%20-%20Athens,%20Greece&search_manager=&sortkey=p.lid&sortorder=desc&page_limit=12&viewtype=1
Gema is a small oil tanker with a dead weight of 19,831 tons. Dead weight is the weight of the ship and it's cargo combined. Notice how Gema was not listed as one of the new ships, but yet suddenly it's on their fleet page? Chances are it's just under management and not actually part of NEWL's own fleet. In comparison, supertankers, like the ones that they will be storing oil at sea on, have a dead weight of between 250,000 and 500,000 tons. So you can see how small of a ship the Gema is. The owner is Stralia Maritime S.A. Again, we will look to see if we can find any relationship between that company and Zolotas...
The tanker, Captain Nikolas I as you know was under management all along... I am not sure, but Sofia I believe was also under management before.
I am just trying to figure out why they would have bought those chemical tankers. What was the purpose? Is it part of a bigger con game?
Not that $NEWL needs any help with a falling share price, but let's add this to the equation!
http://www.ft.com/intl/cms/s/0/973bdf56-a8a4-11e4-ad01-00144feab7de.html#axzz3QLmfM9Vg
Bulk commodity shipping rates fall sharply
The Baltic Dry index has slumped to its lowest level in almost three decades, hit hard by falling commodity prices and glut of ships.
The index, which tracks rates for ships carrying bulk commodities such as iron ore and thermal coal, fell 24 points, or 3.8 per cent, to 608 points on Friday.
It has dropped 95 per cent from its 2008 peak of 11,793, and is currently trading at a level not seen since the devastating shipping crisis of the 1980s.
The dry-bulk market has been sunk by a perfect storm as an armada of new ships, ordered after the financial crisis, have hit the seas just as Chinese economic growth has slowed and commodity prices have taken another lurch lower.
“There’s a certain amount of lethargy from charterers to do anything because next week prices are likely to be cheaper,” said one broker.
The slump comes despite traded volumes of many commodities reaching record levels, underlining the extent of the overcapacity facing the industry.
“The reason dry bulk has been soft for the last few years has not been lack of demand, it’s been excess supply,” said Eirik Haavaldsen, analyst at Pareto investment bank.
When shipping rates hit record lows in 2012 and 2013, private equity money flooded into the sector. The resulting ship glut flooded the market and drove rates down even further- contributing to the three decade lows seen this week.
Earnings for a capesize vessel, the 150,000 tonne ships typically used to transport coal and iron ore, have fallen to $6,707 a day today, down about 50 per cent year on year, and hardly enough to cover operating expenses of roughly $6,000 – $10,000 a day.
“Some of the share prices are starting to reflect almost a state of bankruptcy,” said Mr Haavaldsen.
Shares in US-listed Scorpio Bulkers have fallen 85 per cent in the last 12 months to $1.50, while Star Bulk Carriers, also listed in New York, has dropped 67 per cent in the same period.
“If rates stay where they are now for another year most of these names will have issues,” he added.
The industry has been further weakened by structural changes in commodity trade routes.
Anglo-Australian mining groups Rio Tinto and BHP Billiton are both shipping record volumes of iron ore from their mimes in Western Australia in an attempt to win market share and drive higher cost producers out of the market.
Their ore is increasingly being shipped to China at the expense of miners in other parts of the world such as Canada, Scandinavia and west Africa. Government figures released this month showed Australia accounted for 58.5 per cent of China’s iron ore imports last year, up from 50.9 per cent in 2013.
As the Australia-China route is much shorter it is much less lucrative for ship owners.
“A lot of the Atlantic suppliers, which are further away from China and have higher operating costs and debts, are struggling to make ends meet,” explained one analyst. “They are either mothballing mines, closing them down or not expanding. The next effect is to expand the market share from Australia.”
In contrast to the dry bulk market, rates for crude tankers have rocketed to six year highs last month, fuelled by the oil glut and contango market — jargon for when future prices are higher than spot rates, making it profitable for oil to be stored offshore.
Some companies with dry bulk vessels on order at ship yards, such as Scorpio and Cargill, are seeking to convert their orders to crude tankers to profit from the high rates and avoid acquiring more potentially loss-making dry bulk ships.
There is no OTCQB either, not that there ever would have been... $NEWL misled shareholders and lied to them several times. That is not what the OTC Market is looking for when they put a company on the QB. With share price under 1¢ now, they no longer qualify anyway... They could go to the pinks, but my thought is they will stay on the grey market and eventually go dark.
http://www.otcmarkets.com/marketplaces/otcqb
They just don't get it... It's a shame really! We try to get them to understand, but it just doesn't sink in!
Yes, but I'm sure that table for "two" will remain empty... I don't think they can afford to get there! Zolotas would probably be at the door charging an admittance fee anyway!
How long will it be before $NEWL holds another shareholder meeting to vote on increasing authorized share count to 5,000,000,000?
Aah, the first day for $NEWL to close sub penny! And many more to come :)
$NEWL settling in to sub penny land quite nicely! :)
Believe me, we don't move the market! Besides, a scam is a scam, and $NEWL is a scam... If we can prevent people from losing their accounts to this garbage, it is well worth it!
You were one of the smart ones! Unfortunately, some traders need to lose it all. They just don't understand that $NEWL is a scam. It's only existence is to dilute shareholders into oblivion. Make them pay for the ships, and most importantly, make them pay $NEWL employee salaries, so that Zolotas and his band of thieves can live a luxurious lifestyle! I don't know why they can't see what is going, but they don't!
Oh $NEWL My My... So it did :) I was busy watching commodities... Dang I wish I had seen it! $0.007 <sniff><sniff>
Yup, that's sub penny alright!
Looks like it traded sub penny 2 times today... First one was $0.009!
Won't be much longer till it is trading permanently down in that range...
It's a beautiful thing, isn't it?
Like a car or equipment, it depreciates in value!
Why don't you understand that because they are financed they do not own them! They would simply be lost...
Actually, there is more of a chance of $NEWL bankruptcy now because of the debt they added!
No ofspring, it doesn't indicate no more reverse splits. Show me where it says $NEWL can not reverse split in that article! LOL
It is a very interesting article just the same!
Great article BaGr... Thanks for sharing!
That trader who bought at $0.021 today is down 38.1% in 1½ hours... Is that fair? No it isn't, and that is what $NEWL does to it's shareholders! There is and will continue to be massive dilution! The reverse splits will start again! It's how they pay debt! By making the shareholders pay it with their losses!
I don't believe $NEWL will be getting out of the greys... It's been 7 months now and nothing has happened. Just like nothing came of the coal, and even if something did come of the coal now, it can't be good, because coal is dead... Plants are switching to cheaper and cleaner natural gas!
ofspring, news is all $NEWL does! Of course news was coming... We all know how they like to put out fluff! I just hope FINRA and the SEC are paying close attention...
Last reported $NEWL had 309,452,443 shares outstanding, but I'm sure it is over 500,000,000 by now and will quickly rise to authorized amount of 1,000,000,000!
I really wish people understood what is going on here! They could save themselves a lot of grief! There will be even more dilution now, and reverse splits now because of this massive debt are inevitable!
I know ofspring... you are going to lose every cent before you understand that $NEWL is a scam. I get it!
$NEWL short interest is virtually non existent! 16,500 shares short and over 300,000,000 shares outstanding... Actually, there are probably over 500,000,000 shares outstanding now!
And now that they will be issuing shares for debt, the will be at their authorized amount of 1,000,000,000 shares very soon!
Do your homework people! Understand how these things work...
I don't think you get it! It's still going sub penny! $NEWL is going to massively dilute shareholders and the reverse splits are inevitable now...
It's you shareholders that are going to foot the debt... They don't care about their shareholders at all, they never did!
Seems to me $NEWL is digging a much deeper debt! I can't wait to see the share count now and all the dilution... Zolotas is not a smart guy!
I can't wait to see the 20F in May either! Their debt load will end up destroying them even quicker...
Shareholders don't realize that they are the ones that will have to pay these new debts by dilution and reverse splits!
Oh well... maybe tomorrow? Knocking $NEWL down to $0.009 is all we need to call it a sub penny, but I am sure it will go much lower than that :)
Man, $NEWL was so close to going sub penny Friday! Maybe tomorrow :)
Not a whole lot of excitement going on...
For some strange reason, the OTC site never updated the $NEWL short interest...
http://www.otcmarkets.com/stock/NEWL/short-sales
But Short Squeeze did!
http://shortsqueeze.com/?symbol=NEWL&submit=Short+Quote%99
Virtually non existent short interest... 16,500 shares short out of 309,452,443 shares!
I wonder if they are looking to go private! Could be, seeing as how they can't get any good kind of financing, if they can get any at all!
When you weasel out of a contract, financiers don't want to have anything to do with you...
See if you can weasel out of your mortgage, and if somehow you are able to, see if you could ever get another mortgage again!
They have all been posted here before... Start reading! It's what you should be doing anyway as part of your due diligence!