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Did said company file sec reports, taxes, give names of customers etc? I believe any company is capable of failing without necessarily being a "scam".
I can see by their filings they are claiming revenue being generated and their press is saying who their customers are. I'm not sure how to go about 100% verifying their shipments short of travelling to the places stated. I'm not even sure it's necessary as long as they are filing the required quarterlies, annuals, and taxes. Do you have suggestions along this line?
According to their press releases, they are selling to a rail company in Europe, Australia, and have also sold to a rail line in Florida. It looks as though several purchases have been shipped to a rail line in Russia, although I can't say if U.S. sanctions will be affecting their business or not.
Just saw one of their ads and liked the "green" concept of possibly replacing many miles of rail ties. I could be wrong but I don't think the rail system of transportation is dead, especially when I look at the number of containers being moved by rail versus over the road.
I guess that I am willing to see if the very little bit of investment in this goes anywhere. I have not been convinced that this company does not exist as you have stated, although they do seem to be having financial problems. Their reports do state the are generating revenue and if they can follow through on some changes in the way they do business. Who knows?
I'm not sure what you are disappointed over, but the answer is no I am not any kind of a "hypester"
Bob, I'm not sure you are grasping the total concept of how this financing works from CSC.
CSC is not giving Kraig 7.5 mil.
CSC gives Kraig requested dollars periodically, as Kim feels is needed, in return for a calculated number of share which CSC then sells to retail buyers at approx a 20% profit to recoup the loaned dollars plus profit.
CSC needs to have no interest in the business plan of Kraig beyond selling the obtained shares at a profit of 20% or more.
Thus the 7.5 mil is merely a potential and not a guaranteed amount between CSC and Kraig.
Obviously it would benefit Kraig and the rest of us as shareholders if that sum were to be attained but it is not a loan as you are inferring.
Yes, and I am hoping this will further translate into a nice finish for the current year and good start for 2015.
However I will be patient and settle for a "nice week".
Nice action here today due to the release of the letter to shareholders. I'm not ready to give up on this company yet. It seems they are positioning themselves well for some good things in the coming year. I'm not sure if this will change their plans for the r/s or not. I guess we'll just have to see if this latest news will propel the pps to a level acceptable for uplisting to a higher exchange.
My Scottrade account is where I saw it.
Did anyone else see a ticker for SMNG today that read .001, up .0009?
IMO, financing based purely upon sales of discounted stock shares that have the potential to dilute can be deemed as "toxic" to investors.
I am not inferring that this financing isn't needed at this point in time, nor am I inferring it isn't being managed well.
My point was that there are no reportable "earnings" to consider at this juncture to propel the pps in the desired direction that I would hope all shareholders would like to see.
I have "informed" myself by reading the latest financials and S-1 filing.
I don't think anything short of actual production and the event of earnings will have much of an affect on pps for this stock.
The toxic financing that is being used will continue to undermine retail investors.
Anytime financiers have access to thousands upon thousands of shares at a discount they will ruin the pps for retail investors.
Has anyone else read the 3rd quarter filing? Looks pretty good to me if the company can continue to increase output rates and maintain or even further lower expenses. Any other thoughts?
You are correct, I see the 10k share buy and no sell so he must think it worth keeping, at least for now. Thanks for the info.
Do you have a link?
Wow yeah, all I need is about 10 more days of pps increases like today and this piece of crap can be dumped! LOL
Yeah, I'm beginning to think the next PR driven run-up might be an opportunity to exit this thing without getting totally killed.
That's some "gift" for something not doing all that well.
What prompted the question?
I hope these little "pops" of 6% aren't all preceeded by 10% losses the prior 5 or 6 days like this one was.
Pretty fair summary "Mojo".
Thanks for the response ES1, I get confused with a lot of the filings and the requirements and/or meanings.
Thanks for the info. I wonder why OTCMarkets doesn't show those transactions.
So then a form 144 is a filing of planned sales and a form 4 is a report of a completed sale? Or is it not a requirement for OTC stocks to report insider transactions? Sorry for all the questions, just curious about the processes.
Thanks "Abom" very interesting that he would file for the ability to sell that number of shares if something "big" were about to be released. Or could that be the very reason he decided to submit the filing? Any thoughts?
Just looked at the SEC filings listed @OTCMarkets and also for insider transactions and could not find anything. Not doubting your word but would like to see it for myself. I am always extremely interested when a CEO buys or sells. Usually these are filed on Form 4's, are they not? TIA
Floyd, where did you see or get the impression the CEO was dumping his shares?
Beau, I haven't seen anything from you lately and I always valued your posts. I remember you were close to the mine staff and was wondering your thoughts, if you wouldn't mind sharing. TIA
Wow, I was disappointed when the sp stayed in the 5,s for such a long period of time. Guess I should have been content, huh?
All of the Form 4 filings for the month of October thus far have been to satisfy tax obligations of restricted shares owned.
In lieu of a marketable product at this point in time, how else can they raise money to complete the clinicals?
Bruce, you do understand that same principle should always apply to a CEO as well?
You are joking aren't you?
Wow, nearly 28 mil shares in a little over 3 hrs. This has to be a record for NBRI. What do you think, sellers market or buyers market?
Totally agree with that statement.
I agree it would be great if the miners come through with the gold. I was just addressing the perception that Perry has more to lose after an r/s than anyone. IMO he loses nothing more than anyone else.
POP, I did some research for numbers of Axion employees and found a Morningstar document that puts the number at 120. I cannot say how many are at which location (Ohio and Texas)though.
Axion Corporate Information