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No problem. Actually I cover all capital markets (primarily debt, derivatives etc) and investment banking (M&A and IPO)- I never covered small caps or pinks which is why I sucked on any type of analysis for them. I manage sales and relationship mgmt rather than research/analysis.. However, the AIM market in London is interesting (almost like OTC BB) with many resource companies (Oil and gas, mining and mining technology represent 30%) coming to Ldn. You need credible NOMADs to IPO so unlike the pinks, I dont think Walter babe could go for a dual listing (he could not even publish financials - when was it - awaiting for them in Feb 04?? in order to make it to the OTC BB). Can any of you trade on the LSE/AIM market- good growth opportunities there- not sure if there are US discount online brokers/trading available for the market.
All is well and at least I got away from the Canadian winters.
It is nice to be at least remembered as one of the "Good guys". I always thought so.
Hi Sorta- how are you? It has been a while (like over a year or 2). Well after my losses on this stock (and some others), I finally decided to go back into banking and move back to London (Europe). Been here since Nov 2005 as an Managing Director in Capital Markets (which means I am on a restricted list and need compliance approval before any buys or sells (kind of cuts into timing in day trading so it looks like I need long term buy/hold stocks- any suggestions?
Actually, Lester B. Pearson (ex-Prime Minister of Canada) won the Nobel Peace Prize for coming up with the idea of UN Peace Keepers. Check out other info for real facts pal- http://www.dfait-maeci.gc.ca/canada_un/cdn_un-en.asp
Last time I checked, Canada also lost a lot of lives trying to make the world a better place (like WWI, WWII, Korea, and Afghanistan). I think that Canada may have even lost more as a percentage of population than the US in the first three. Also WWII as an example, we actually joined free spirited without being attacked first.
I do not like to talk negative about the US and rarely do as I respect their contribution to global issues and idealistic goals. (Hell, given their position if it was USSR, England, France, Germany, Italy, Japan.. shall I go on.. most other countries would have taken over Canada for land and natural resources). I would like to live in America and I respect most Americans. It is an extreme countries with just as many limos (say in NY as homeless people). Just as many Nobel prize winners as total morons. However, the one major criticism that precedes Americans is their naivety and belief that their world/culture is the best and that all of the world wishes it was like theirs- I think this is propogated by those same morons. However, it is all of the blanket statements without having the facts that continue to contribute the demonstration on the latter half of the extreme- ie moron factor. I wish it wasn't so and I was only talking to the point that highlighted it.. ie. only responsible!
"No other countries in the world are as responsible as us"
That is a typical uneducated statement that upsets the rest of the world. How do you base that argument? More than 80% of Americans have never even left their own country yet think they are the greatest country of the history of the planet. Hell the current president (and he was rich so he could and should have wanted to see and understand the world) had never left his own country leading up to his presidency. Responsible- how come out of the countries that possess nuclear weapons, America is the only one that has used it? Other countries that had the capability (ie. Canada) were responsible enough to not even build them. Contradiction? I guess it is the same as a country professing a Constitution and framework that "All men are created equal" while they still had slavery and women did not have a right to vote... oh yeah, and that is still the same framework that professes that you still need a right to carry a gun (a bit outdated wouldn't you think?)- it is not the wild west anymore!
These blanket statements (and sometimes actions) that show the ignorance and irresponsibility are drivers not only for policy but also world issues.
It is a loan settlement system.. It does syndicated loans and real time trade.. Not familiar but looked it up..
Why? something I should consider for a JV or acquisition?
Us northerners have to find whatever food we can.. and when we do... we fry'em..
How have you been Sorta?
don't need the cupboards but getting the subzero Fridge, Wolf Cooker, Miele Washer and dishwasher etc
House has steam room etc.. traded the pool for the lake..
I wouldn't move into something other than upscale.
Yes Deann.. Very busy and moving house too.
Decided to move only about 5 min away but house is in a community with a private lake so it is worth the move- we move in Nov.
Where did you work (ie. what bank) and what did you do there?
Was hoping that I could have used some of my earnings from NSDM to buy extra items (ie. new kitchen etc) but I guess I have to take it out of other investments/savings.
Hope all is well
that was not performing as senior roles as in the past (ie. COO, CFO roles)
Real work- for me means banking..
The other company continues to exist, run and perform(I am on the board still). I considered the IPOs and reverse shell mergers but were not appropriate at the time. Instead a private equity arrangement in in the works with a major UK firm.
From my side, I remain in North America and although I am performing as senior roles that I did in the past, I am now the Head of Strategy for the Bank Segment for my bank. I do JVs, acquisitions, partnerships, new operations, new product development, new geographies (ie. regional rep offices/branches- for all banking- ie. Capital markets, retail, Insurance, Asset mgmt etc).
As Paul Newman said in "The Color of Money"....
I am back!
Oddly enough, Gooddoc has the MO of the old poster Wacko
Capitals and a few "Good Buddy"s thrown in there..
Also some other commentary and punctation (!!! for example).
Plus hatred for honesty, speculative but analytical reasoning etc.
I have been busy doing real work again for some time now but enjoy reading in the evenings when I can.
Dry one at that!
Gooddoc=WACKO=DanHeilman
And a few more that are obvious.
Good Buddy!!!
Just a reader now and just an observation...
Investors should really view info-
1) http://www.nasdaq.com/services/riskMetrics.stm?&tickers=nsdm
ie. this stock is in the worst quartile for risk.
2) If you invested in this stock 1 year ago- you would have less than one third of your original investment.
3) No future- Agree with Sortagreen that it is an overvalued e-sales jewellery store (Would you pay $19 mill for that concept)?
4) Digs are just to finance time.
what do you mean we?
they are in your dad's name!
King- Are you Walter's son?
A simple yes or no will suffice!
is that true?
I don't provide free analytics, opinion or assessments because I am told to! I provide it because of interest, or for people who I enjoy having a dialogue with and receive value in discussions on various stock opportunities.
Gooddoc, you have always been a BS artist and I consider neither with you. Don't tell me to do something, ASK and be polite about it!
Fyi- I do get it with penny stocks however, there has to be a business plan that the investor community understands and gets excited about. Like what NSDM had at this time last year. When the market was soaring last year, hype and BS would move new penny stocks or occassionally spike existing ones.. but still on that original premise. Too many contradictions here and the price history and changes in strategy have placed negative pressure on the pps for time to come unless something material changes (ie. real diamond discovery and extraction), and selling someone elses diamonds for a markup fee isnt it. If there was value there, the wholesaler would sell it for the reduced price that they provide to NSDM.
I get it.. you do not
I did factor in the exploration.
I stated that the focus should not have 2 divergent strategies and that the margins would not cover the existing valuations for years to come (ex- a diamond find.. of which supposedly took place in the Ukraine macro and micro diamonds- loads of them). However, the Ukraine was the original reason why I and most others got on the NSDM ship. That reason has now set sail with no real reason- especially since Walter is from there and knew the political climate from the beginning and the company was not a new exploration company but already had 10 yr in the Ukraine. Then shift to guess work in Canada to attract investors.. now, shift to diamond marketing..
Again, do the math, the valuation is already over $18 million- for what?
I disagree.
Do the homework here. Strategy is either retail (of other peoples diamonds) or exploration (then maybe sale).
Look one of the most successful ones- Zales - who have massive distribution channels, brand name, buying power, advertising, etc. They do $2 bill in sales and market cap of $1.2 bill as they have a strong retail PE ratio of 12.85
This company has min 620 mill shares (probably more) at .03 so just using the same (EPS ratio which is definitely not correct), NSDM would have to have Earnings (not revenue) of $1.5 million to be at it's current valuation. No one knows Gross Revenue after paying out their suppliers (which would be alot more than the strong buying power of a main player). Then, factor the costs of which they are trying to finance exploration costs out of it.. - I figure, it would take 3 yrs to break even - ie no earnings out of online marketing of other peoples diamonds.
Bottom line is that this is not the business venture that people originally got themselves into, nor is it worth the current valuation for a long time to come....
Just think about it.
King- read my early posts and you will find out why I looked at NSDM... Risk % of portfolio and thoughts of buying 1-2 mill shares low and riding it for say a .20-.50 gain to make a few hundred thousand. Concept made sense when NSDM website and this site stated outstanding of 40 mill shares (not the 600 mill+).. Obviously it appeared that this could have been a valuation of say .50 (what the current pps would be if the outstanding was that).. Then, I would have made .40-.44 pps gain average on 1-2 mill shares - do the math: Half a mill for a risk portion of my portfolio.
Always stated that. Goal was to sell some and then hold portion for big gains as Diamonds came out of the ground. (looked that way from Ukraine.. then they dropped it and PR did not move it when they supposedly found many micro and macro diamonds there..); Extra tranche was the last straw to sell out and take loss..
A bit disgruntled at losing thousands of dollars on it (but understood it was risk portion of portfolio) so I hate the continued BS and pumping on here and jump in to set the record straight for would be new investors- yes potential if find and at right entry price remains (however, limited)so I monitor and probe but wont stand for bs pumps in the meantime.
Isnt that what these boards are for- and you as a moderator should understand that (and have a dialogue - not a pumping monologue).
King- EIB was not for European Inv. Bank but initials.
Secondly, not a Fortune 500 bank (Fortune 500 term is used for US companies only).. Actually, I was a Director of a Fortune Global 500 company. - It was 27th on the Global 500 of all companies in the world pal when I was a Director there. Secondly, it was ranked 3rd in assets of all banks globally.
I know WTF I am talking about and do not talk crap. Many of you pumpers obviously don't.
EOM
Ralph- I asked how he could claim that he had done research to prove that I am a phoney? Look at the documentation to prove otherwise. That is my point. Gooddoc is talking his usual crap like not posting until the price hits $1.25 and his Microsoft purchases.
Just how did you check me out?????
Gooddoc- you are so full of it!
I still stand by my concept of you (in SE Asia somewhere?)
http://www.imdb.com/title/tt0181984/
Posting in Forbes??????
Easy- they pay PRNewswire a fee to publish PR. Forbes has a link to all PRNewswire. It is not some accredidation- it is a PR link- nothing more.
Forbes did not do a write up on this company so don't promote it like they did.
Fair and Balanced please!
most of the major banks have a grad hiring program..
for general inv banking, sales, IT, research, Ops etc. and grad mgmt programs..
just look on any of their websites under careers and they will have a graduate program.. register via that and look for their career fairs.
Dutchbanker- where do you work- ABN, ING or are you just from the Netherlands?
Well, he has shown that he comes back periodically to manipulate the price.. right when it is convenient for him and say every few months- like quarterly. Why else- unless he knew of pending PR to milk, that would be the most obvious reason.
I guess some more shares are becoming unrestricted!!!
You and the rest of the marketing company bunch.
Wells Fargo have just agreed to offer payment services...
this is not some partnership or some due dilligence that made Wells Fargo get into bed with NSDM.
It is an agreement for faciilities (ie. Visa card payments in which Wells Fargo gets an initial setup/arrangement fee (ie. say a few thousand dollars) plus say 2% of any transaction.
They are not.. repeat not, producing any guarantees, letters of credit etc and it does not represent some credit analysis (ie. cash flow statements etc)..
so I dont know why the PR promotes Wells Fargo like they have signed a partnership.. it is the same as making a PR because Wells Fargo opened a bank account for them! Not much difference.
Well there is proof that payments like that exist. Maybe, people are paid and use multiple aliases concurrently and over time.
Why else is there so much Censorship?
Sortagreen is correct.
Look at this link
http://www.capitalfund.net/relations/keyplans.htm
Investor relations and marketing services include Media relations - press release creation & distribution, monitoring internet chat rooms, bulletin boards.
Monitoring Internet chat rooms and bulletin boards for fees between $12,500 to $40,000 per month.
That is a fact and as Sortagreen says, do not be naive as to think that this doesn't happen. People like Gooddoc posting here or moderators who use "Censorship" make it plausible that there is a chance of something like this service working this board.
Wouldn't you say that there is a chance?
Information regarding litigation...
http://www.sec.gov/litigation/litreleases.shtml
that is a url link for SEC litigation.. use the search function and type in a company or individual name to see if any litigation is outstanding with public companies...
This way..no need to call anyone or BS!
To do a reverse shell merger...
You still would have to convince an investment banking firm of the ability to have value. You would also have to convince the old shell company the potential value as in this case, they paid them in shares (read history of posts about old company using PR and manipulating share price)..
That all adds up to the fact that they must have had a 3-5 year business plan with DCF projections..
otherwise no banker would touch the deal (and the old shell company wouldn't do the deal unless they knew that they could receive valuable shares or cash)..
Sorry - One other thing..
The information that I had stated must exist in a business plan because NSDM would never have been able to get on the Pinksheets or obtain financing (to fund the projects or a future tranche) without this info...
So why not provide this on their website since they have disclosed the monthly operating expeneses, why not disclose financing activies and definitely, the current share breakdown and inter-company ownership..........?
This is a pro-forma monthly operating expense report. Budgeted Fixed expenses plus the breakdown of the drilling projects.
These are not financials. I agree with Just_da_facts that expenses can have a balloon payment not in the monthly expenses. Secondly, the pro-forma income statement is missing.. ie. the operating revenue to calculate the operating income. I presume that is because their currently is no operating revenue due to the status of the company and projects.
That leads to the most important aspects of financials that are missing.. the balance sheet and the cashflows...
The balance sheet would tell everyone the current assets, debt/equity position, the equity breakdown and ownership/inter-company relationships. Even a fixed operating expense may not show intercompany receivables/payments if they are non-operating and part of the financing cashflows. Also, the balance sheet would show the current cash balances/ receivables and the ability to ensure enough funds to complete phase 3 (as stated)
The cashflow pro-forma even would give us indications about their financing activities and investing activities. Currently, we dont even have their operating activites or outstanding plans for impact on these monthly operating expenses.
This is a start.. a) Pro-forma Income statement (1/3 to half completed depending on other operating or budgeted expenses). b) Require Pro-forma balance sheet for reasons described above. c) pro-forma cashflow for reasons above.. d) and any budgeted changes to the future projects.. this would give indications for Future DCF so that you could really value the company and assess share price.
yes.. and when I was growing up I use to fantasize about Diane (or was it Janice) - the Price is Right Ladies..
Wow. raging hormones. there..
Is this that old Game show?
To tell the Truth. Will the real Eibbanker please stand up.
Oh thats me.. or am I Kitty Carlisle or maybe Truth or Consequences- Bob Barker-
Geez I am old.......
Well DIR, maybe I am different.
I like all the information so I can assess things. Retrace steps like a forensic detective. Not just have someone provide me evidence. So knowing about a company, performance (stock and business operations) other insight (industry, competitive intelligence, CSFs, SWOT analysis etc. I like all of the evidence (so I can assess the quality and reliablity of my witnesses on the stand - or posting here).. and if I catch some perjury, then, I can dismiss that witness. Hey, I don't need someone faking not being able to put a bloody glove on over a rubber glove. As a prosecutor, I would have challenged them. ie. make an exact plaster cast based on the dimensions of the hand and prove to the jury that the glove did fit. (i.e no acquittal). take your head out and think. I answered you as you seem to imply that I had nothing better to do. It is called due dilligence. If I ever get back in, it would be because I have fully assessed the current risks, players and position.
King.. Weird is that no one knows who anyone is here!
I have posted who I am. No other aliases or affiliations.
Name is Edwin.
Check out the other URL links in some of my earliest posts when other people questioned who I was. .. all there in black and white. SSDD.
Who are you (ie. your name)? I know that you are the current Moderator of the board- anything else that you wish to share?