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(NSFDF) NXT Energy Solutions Announces Second Quarter 2019 Results
8/7/19, 6:23 PM
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. (“NXT” or the "Company") (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2019. All dollar amounts herein are in Canadian Dollars.
Q2 Financial and Operating Highlights
Key financial and operational highlights for the second quarter and year to date include:
On May 1, 2019 the Company completed the acquisition phase of its Nigerian SFD® survey valued at approximately US$8.9 Million with PE Energy Limited (“PE”), a Nigerian oil and gas service company. PE has a contract with the Nigerian National Petroleum Company (“NNPC”), to provide 5,000-line kilometers of SFD® surveys in Nigeria. NXT’s recommendations are being delivered during the third quarter of 2019. The Company will also discuss the potential utilization of SFD® technology in NNPC’s future exploration programs based upon the successful completion of the Department of Petroleum Resources (“DPR”) near-shore flight and the initial onshore SFD® data review conducted in April 2019 by the Frontier Exploration Services (“FES”) of NNPC.
The Company has received US$5.7 million from PE for the SFD® Surveys in Nigeria, including US$4.4 million in July 2019. The final milestone payments of US$3.2 million for delivery of the final report are expected to be made by the end of the third quarter.
In February 2019, NXT entered into a Co-operative Agreement with Alberta Green Ventures (“AGV”), to propose up to three SFD® surveys within two years. The Co-operative Agreement is based on a cost plus formula and a gross overriding royalty interest in oil and gas production arising on lands subject to the surveys. NXT and AGV are evaluating potential SFD® surveys. The Company has received a US$100,000 non-refundable deposit for this Co-operative Agreement in Q2-19.
As the result of the Co-operation Agreement between AGV and NXT, the Company has received approval from its shareholders and the Toronto Stock Exchange (“TSX”) to extend the 3,421,648 common share purchase warrants at an exercise price of $1.20 held by AGV for an additional 12 months until February 16, 2020 contingent upon AGV’s performance under the Co-operation Agreement.
NXT has entered into a three year exclusive sales representative agreement with AGV, in nine jurisdictions in the Middle East and Latin America. This includes an at-market subscription right to purchase treasury shares of NXT in a dollar amount equal to 25% of the contracts introduced by AGV to NXT in the first year of the agreement, subject to approval from the TSX.
Survey revenues of $10.95 million were recorded in Q2-19.
A net income of $8.09 million was recorded for Q2-19, including amortization expense of $0.44 million.
A net income of $6.32 million was recorded for 2019 YTD, including amortization expense of $0.89 million.
Operating activities used $0.38 million of cash during Q2-19 and net cash used for financing activities was $0.01 million.
Operating activities used $1.26 million of cash during 2019 YTD and net cash used for financing activities was $0.02 million.
Net income per common share for Q2-19 was $0.12 basic and $0.11 diluted.
Net income per common share for 2019 YTD was $0.09 basic and $0.09 diluted.
General and administrative costs for the Q2-19 as compared to 2018 have been reduced by $0.343 million or 31% mostly due to a reduction in business development travel, legal costs and some expenditures becoming direct survey costs.
General and administrative costs for 2019 YTD as compared to 2018 YTD have been reduced by $0.40 million or 19% mostly due a reduction in business development costs, the suspension of the Advisory Board, lower headcount costs and some expenditures becoming direct survey costs.
Cash and short-term investments at the end of the Q2-19 were $2.96 million.
Message to Shareholders
George Liszicasz, President, and CEO of NXT, commented, “During the second quarter we completed the acquisition of 5,000 line-kilometers of SFD® data, interpreted most of it, and presented milestone results to the clients in late July 2019. In addition, we were paid almost two thirds of the total $US 8.9 million contract fee based upon milestones completed. The Company also discussed the potential utilization of SFD® technology in the NNPC’s future exploration programs based upon the successful correlations of SFD® with NNPC’s proprietary seismic data. During the last week of July a detailed comparison of SFD® data with Department of Petroleum Resources’ (“DPR”) proprietary seismic data was carried out over the near-shore SFD® Pilot Project area designed by DPR. The results are very encouraging which may lead to new SFD® survey opportunities in Nigeria. Again, I want to thank NXT’s hard working employees and PE Energy Limited for executing on a successful SFD® project.
Our team has just completed a three week trip which started with data integration and presenting results in Nigeria and ended in Beijing where we built upon our strengths in the West African region through conversations in Beijing with BGP and affiliates. BGP is the largest seismic company in the world with a significant presence in Africa.”
Summary highlights of NXT's 2019 second quarter and year to date financial statements (with comparative figures to 2018) are noted below. All selected and referenced financial information noted below should be read in conjunction with the Company's three month and six month periods ended June 30, 2019 unaudited condensed consolidated interim financial statements and the related management's discussion and analysis ("MD&A").
(All in Canadian $)
Q2-19
Q2-18
2019 YTD
2018 YTD
Operating results:
Survey revenues $ 10,954,617 $ - $ 10,954,617 $ -
Survey expenses 1,412,380 267,672 1,790,113 517,434
General & administrative expenses 767,401 1,110,634 1,689,150 2,092,038
Stock based compensation expense 3,775 153,791 7,550 449,075
Amortization and other expenses, net 443,154 447,192 886,851 894,383
Operating expenses 2,626,710 1,979,289 4,373,664 3,952,930
Comprehensive income (loss) for the period 8,085,888 (1,961,114 ) 6,322,568 (3,915,764 )
Earnings (loss) per common share – basic $ 0.12 $ (0.03 ) $ 0.09 (0.06 )
Earnings (loss) per common share – diluted $ 0.11 $ (0.03 ) $ 0.09 (0.06 )
Number of common shares outstanding as at end of the period 68,573,558 67,378,297 68,573,558 67,378,297
Weighted average number of common shares outstanding for the period:
Basic 68,573,558 64,319,452 68,573,558 62,366,678
Diluted 73,267,206 64,319,452 73,274,112 62,366,678
Cash provided by (used in):
Operating activities (384,271 ) (1,942,964 ) (1,262,250 ) (3,281,872 )
Financing activities (10,554 ) 4,093,205 (20,931 ) 8,377,941
Investing activities 900,000 (4,960,007 ) 2,100,000
Report TOS
(NSFDF) NXT Energy Solutions Announces Second Quarter 2019 Results
8/7/19, 6:23 PM
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. (“NXT” or the "Company") (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2019. All dollar amounts herein are in Canadian Dollars.
Q2 Financial and Operating Highlights
Key financial and operational highlights for the second quarter and year to date include:
On May 1, 2019 the Company completed the acquisition phase of its Nigerian SFD® survey valued at approximately US$8.9 Million with PE Energy Limited (“PE”), a Nigerian oil and gas service company. PE has a contract with the Nigerian National Petroleum Company (“NNPC”), to provide 5,000-line kilometers of SFD® surveys in Nigeria. NXT’s recommendations are being delivered during the third quarter of 2019. The Company will also discuss the potential utilization of SFD® technology in NNPC’s future exploration programs based upon the successful completion of the Department of Petroleum Resources (“DPR”) near-shore flight and the initial onshore SFD® data review conducted in April 2019 by the Frontier Exploration Services (“FES”) of NNPC.
The Company has received US$5.7 million from PE for the SFD® Surveys in Nigeria, including US$4.4 million in July 2019. The final milestone payments of US$3.2 million for delivery of the final report are expected to be made by the end of the third quarter.
In February 2019, NXT entered into a Co-operative Agreement with Alberta Green Ventures (“AGV”), to propose up to three SFD® surveys within two years. The Co-operative Agreement is based on a cost plus formula and a gross overriding royalty interest in oil and gas production arising on lands subject to the surveys. NXT and AGV are evaluating potential SFD® surveys. The Company has received a US$100,000 non-refundable deposit for this Co-operative Agreement in Q2-19.
As the result of the Co-operation Agreement between AGV and NXT, the Company has received approval from its shareholders and the Toronto Stock Exchange (“TSX”) to extend the 3,421,648 common share purchase warrants at an exercise price of $1.20 held by AGV for an additional 12 months until February 16, 2020 contingent upon AGV’s performance under the Co-operation Agreement.
NXT has entered into a three year exclusive sales representative agreement with AGV, in nine jurisdictions in the Middle East and Latin America. This includes an at-market subscription right to purchase treasury shares of NXT in a dollar amount equal to 25% of the contracts introduced by AGV to NXT in the first year of the agreement, subject to approval from the TSX.
Survey revenues of $10.95 million were recorded in Q2-19.
A net income of $8.09 million was recorded for Q2-19, including amortization expense of $0.44 million.
A net income of $6.32 million was recorded for 2019 YTD, including amortization expense of $0.89 million.
Operating activities used $0.38 million of cash during Q2-19 and net cash used for financing activities was $0.01 million.
Operating activities used $1.26 million of cash during 2019 YTD and net cash used for financing activities was $0.02 million.
Net income per common share for Q2-19 was $0.12 basic and $0.11 diluted.
Net income per common share for 2019 YTD was $0.09 basic and $0.09 diluted.
General and administrative costs for the Q2-19 as compared to 2018 have been reduced by $0.343 million or 31% mostly due to a reduction in business development travel, legal costs and some expenditures becoming direct survey costs.
General and administrative costs for 2019 YTD as compared to 2018 YTD have been reduced by $0.40 million or 19% mostly due a reduction in business development costs, the suspension of the Advisory Board, lower headcount costs and some expenditures becoming direct survey costs.
Cash and short-term investments at the end of the Q2-19 were $2.96 million.
Message to Shareholders
George Liszicasz, President, and CEO of NXT, commented, “During the second quarter we completed the acquisition of 5,000 line-kilometers of SFD® data, interpreted most of it, and presented milestone results to the clients in late July 2019. In addition, we were paid almost two thirds of the total $US 8.9 million contract fee based upon milestones completed. The Company also discussed the potential utilization of SFD® technology in the NNPC’s future exploration programs based upon the successful correlations of SFD® with NNPC’s proprietary seismic data. During the last week of July a detailed comparison of SFD® data with Department of Petroleum Resources’ (“DPR”) proprietary seismic data was carried out over the near-shore SFD® Pilot Project area designed by DPR. The results are very encouraging which may lead to new SFD® survey opportunities in Nigeria. Again, I want to thank NXT’s hard working employees and PE Energy Limited for executing on a successful SFD® project.
Our team has just completed a three week trip which started with data integration and presenting results in Nigeria and ended in Beijing where we built upon our strengths in the West African region through conversations in Beijing with BGP and affiliates. BGP is the largest seismic company in the world with a significant presence in Africa.”
Summary highlights of NXT's 2019 second quarter and year to date financial statements (with comparative figures to 2018) are noted below. All selected and referenced financial information noted below should be read in conjunction with the Company's three month and six month periods ended June 30, 2019 unaudited condensed consolidated interim financial statements and the related management's discussion and analysis ("MD&A").
(All in Canadian $)
Q2-19
Q2-18
2019 YTD
2018 YTD
Operating results:
Survey revenues $ 10,954,617 $ - $ 10,954,617 $ -
Survey expenses 1,412,380 267,672 1,790,113 517,434
General & administrative expenses 767,401 1,110,634 1,689,150 2,092,038
Stock based compensation expense 3,775 153,791 7,550 449,075
Amortization and other expenses, net 443,154 447,192 886,851 894,383
Operating expenses 2,626,710 1,979,289 4,373,664 3,952,930
Comprehensive income (loss) for the period 8,085,888 (1,961,114 ) 6,322,568 (3,915,764 )
Earnings (loss) per common share – basic $ 0.12 $ (0.03 ) $ 0.09 (0.06 )
Earnings (loss) per common share – diluted $ 0.11 $ (0.03 ) $ 0.09 (0.06 )
Number of common shares outstanding as at end of the period 68,573,558 67,378,297 68,573,558 67,378,297
Weighted average number of common shares outstanding for the period:
Basic 68,573,558 64,319,452 68,573,558 62,366,678
Diluted 73,267,206 64,319,452 73,274,112 62,366,678
Cash provided by (used in):
Operating activities (384,271 ) (1,942,964 ) (1,262,250 ) (3,281,872 )
Financing activities (10,554 ) 4,093,205 (20,931 ) 8,377,941
Investing activities 900,000 (4,960,007 ) 2,100,000
NXT Energy Solutions Announces Second Quarter 2019 Results
8/7/19, 6:23 PM
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. (“NXT” or the "Company") (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2019. All dollar amounts herein are in Canadian Dollars.
Q2 Financial and Operating Highlights
Key financial and operational highlights for the second quarter and year to date include:
On May 1, 2019 the Company completed the acquisition phase of its Nigerian SFD® survey valued at approximately US$8.9 Million with PE Energy Limited (“PE”), a Nigerian oil and gas service company. PE has a contract with the Nigerian National Petroleum Company (“NNPC”), to provide 5,000-line kilometers of SFD® surveys in Nigeria. NXT’s recommendations are being delivered during the third quarter of 2019. The Company will also discuss the potential utilization of SFD® technology in NNPC’s future exploration programs based upon the successful completion of the Department of Petroleum Resources (“DPR”) near-shore flight and the initial onshore SFD® data review conducted in April 2019 by the Frontier Exploration Services (“FES”) of NNPC.
The Company has received US$5.7 million from PE for the SFD® Surveys in Nigeria, including US$4.4 million in July 2019. The final milestone payments of US$3.2 million for delivery of the final report are expected to be made by the end of the third quarter.
In February 2019, NXT entered into a Co-operative Agreement with Alberta Green Ventures (“AGV”), to propose up to three SFD® surveys within two years. The Co-operative Agreement is based on a cost plus formula and a gross overriding royalty interest in oil and gas production arising on lands subject to the surveys. NXT and AGV are evaluating potential SFD® surveys. The Company has received a US$100,000 non-refundable deposit for this Co-operative Agreement in Q2-19.
As the result of the Co-operation Agreement between AGV and NXT, the Company has received approval from its shareholders and the Toronto Stock Exchange (“TSX”) to extend the 3,421,648 common share purchase warrants at an exercise price of $1.20 held by AGV for an additional 12 months until February 16, 2020 contingent upon AGV’s performance under the Co-operation Agreement.
NXT has entered into a three year exclusive sales representative agreement with AGV, in nine jurisdictions in the Middle East and Latin America. This includes an at-market subscription right to purchase treasury shares of NXT in a dollar amount equal to 25% of the contracts introduced by AGV to NXT in the first year of the agreement, subject to approval from the TSX.
Survey revenues of $10.95 million were recorded in Q2-19.
A net income of $8.09 million was recorded for Q2-19, including amortization expense of $0.44 million.
A net income of $6.32 million was recorded for 2019 YTD, including amortization expense of $0.89 million.
Operating activities used $0.38 million of cash during Q2-19 and net cash used for financing activities was $0.01 million.
Operating activities used $1.26 million of cash during 2019 YTD and net cash used for financing activities was $0.02 million.
Net income per common share for Q2-19 was $0.12 basic and $0.11 diluted.
Net income per common share for 2019 YTD was $0.09 basic and $0.09 diluted.
General and administrative costs for the Q2-19 as compared to 2018 have been reduced by $0.343 million or 31% mostly due to a reduction in business development travel, legal costs and some expenditures becoming direct survey costs.
General and administrative costs for 2019 YTD as compared to 2018 YTD have been reduced by $0.40 million or 19% mostly due a reduction in business development costs, the suspension of the Advisory Board, lower headcount costs and some expenditures becoming direct survey costs.
Cash and short-term investments at the end of the Q2-19 were $2.96 million.
Message to Shareholders
George Liszicasz, President, and CEO of NXT, commented, “During the second quarter we completed the acquisition of 5,000 line-kilometers of SFD® data, interpreted most of it, and presented milestone results to the clients in late July 2019. In addition, we were paid almost two thirds of the total $US 8.9 million contract fee based upon milestones completed. The Company also discussed the potential utilization of SFD® technology in the NNPC’s future exploration programs based upon the successful correlations of SFD® with NNPC’s proprietary seismic data. During the last week of July a detailed comparison of SFD® data with Department of Petroleum Resources’ (“DPR”) proprietary seismic data was carried out over the near-shore SFD® Pilot Project area designed by DPR. The results are very encouraging which may lead to new SFD® survey opportunities in Nigeria. Again, I want to thank NXT’s hard working employees and PE Energy Limited for executing on a successful SFD® project.
Our team has just completed a three week trip which started with data integration and presenting results in Nigeria and ended in Beijing where we built upon our strengths in the West African region through conversations in Beijing with BGP and affiliates. BGP is the largest seismic company in the world with a significant presence in Africa.”
Summary highlights of NXT's 2019 second quarter and year to date financial statements (with comparative figures to 2018) are noted below. All selected and referenced financial information noted below should be read in conjunction with the Company's three month and six month periods ended June 30, 2019 unaudited condensed consolidated interim financial statements and the related management's discussion and analysis ("MD&A").
(All in Canadian $)
Q2-19
Q2-18
2019 YTD
2018 YTD
Operating results:
Survey revenues $ 10,954,617 $ - $ 10,954,617 $ -
Survey expenses 1,412,380 267,672 1,790,113 517,434
General & administrative expenses 767,401 1,110,634 1,689,150 2,092,038
Stock based compensation expense 3,775 153,791 7,550 449,075
Amortization and other expenses, net 443,154 447,192 886,851 894,383
Operating expenses 2,626,710 1,979,289 4,373,664 3,952,930
Comprehensive income (loss) for the period 8,085,888 (1,961,114 ) 6,322,568 (3,915,764 )
Earnings (loss) per common share – basic $ 0.12 $ (0.03 ) $ 0.09 (0.06 )
Earnings (loss) per common share – diluted $ 0.11 $ (0.03 ) $ 0.09 (0.06 )
Number of common shares outstanding as at end of the period 68,573,558 67,378,297 68,573,558 67,378,297
Weighted average number of common shares outstanding for the period:
Basic 68,573,558 64,319,452 68,573,558 62,366,678
Diluted 73,267,206 64,319,452 73,274,112 62,366,678
Cash provided by (used in):
Operating activities (384,271 ) (1,942,964 ) (1,262,250 ) (3,281,872 )
Financing activities (10,554 ) 4,093,205 (20,931 ) 8,377,941
Investing activities 900,000 (4,960,007 ) 2,100,000
Bought more! Short squeeze please...
Nice. Ha ha.
Watch. Next they will have Gary back, patched everything up and we will do this all over again. Ha!
I get all the shenanigans going on with Remuda and Stock Doc, what I don't get is over 100million shares were bought today! So this may not be over...
WHO IS BUYING????
Wow. This thing is back to life. Still have ALL my shares. I am in the black now. Gonna let it go and see what happens!
Whats going on here? Promotion?
RIP what a shame.
a promotion coming???
Ouch!
No bid! What a POS
No. Has no current impact on existing share structure or shares. Only limits future issues.
He got it from pumps '®' us!!
I hear ya. Hoping for the same thing. Just not sure about that ATT relationship.
Yep pretty sure thats all it is. I ha e a couple mill shares just in case there is a pump. Then out!
Id like to see proof innovative is a real company. There is nothing real or a product to show proof of legitimacy. Its like an empty shell company reversing into another empty shell company.
WHERES THE PROOF! I DARE TO SOMEONE POST REAL PROOF OF LEGITIMACY!!
NXT Energy Solutions Announces US $1 Million Expansion of SFD(R) Survey Project in Bolivia With YPFB
7/9/15, 3:30 AM
CALGARY, ALBERTA -- (Marketwired) -- 07/09/15 -- NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE: SFD)(OTCQB: NSFDF) is pleased to advise that based on the preliminary results of its SFD® survey project which is underway in Bolivia, and integration with other existing geophysical data, Yacimientos Petroliferos Fiscales Bolivianos ("YPFB") has decided to expand the project by an additional US $1.0 million. The project will now total US $14.4 million, with the expansion subject to final contract documentation that is expected to be completed shortly.
The SFD® data acquisition portion of the Bolivia project is well underway, with its phase 2 expected to be completed in the next month, after which a 50% project progress billing of US $7.2 million will be issued. An initial deposit of US $3.1 million (secured by a letter of credit issued by NXT Energy) was received from YPFB in May at the commencement of the project. The related SFD® data interpretation and recommendations portion of the project is expected to be completed by fall 2015.
In a press conference in Bolivia announcing the prior commencement of this project, YPFB President, Guillermo Acha had stated "The final results of this project will be delivered in November, however, this technology has the capacity to produce earlier results, and based on those, technical decisions could be made in the exploration areas investigated. Thanks to this method we will be able to identify potential new oil and gas reserves."
George Liszicasz, President and CEO of NXT Energy, noted "this project is a key part of YPFB's current exploration strategy and has received a high profile in the Bolivia media. The expansion of the project shows that we can very rapidly deliver results, which has significant value to YPFB and Bolivia. NXT Energy is also working with YPFB and other clients to propose and plan additional SFD® surveys in Bolivia."
NXT is a Calgary based company whose proprietary Stress Field Detection ("SFD®") survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
Forward-Looking Statements
This news release may include forward-looking statements. When used in this document, words such as "intends", "plans", "anticipates", "expects" and "scheduled", are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of factors can cause actual results to differ materially from those in the forward-looking statements. Risk factors facing NXT are described in its most recent MD&A for the fiscal year ended December 31, 2014 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com. There is a specific risk that the Company may not be able to advance its Vertical business model in the short term, whether as a result of failing to secure acceptable financing or otherwise.
Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.
Specific forward-looking statements include expectations related to the timing of completion of the survey project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Exchange accept responsibility for the adequacy or accuracy of this release.
Contacts:
NXT Energy Solutions Inc.
Greg Leavens
V-P Finance & CFO
(403) 206-0805
NXT Energy Solutions Inc.
George Liszicasz
President & CEO
(403) 206-0800
www.nxtenergy.com
Investor Relations
kin communications inc.
(604) 684-6730 / 1-866-684-6730
sfd@kincommunications.com
www.kincommunications.com
Why is this on innov website? Is this even a real company?
PRESS RELEASES
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Lorem ipsum dolor sit amet, consectetur adipiscing eli...
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I am sure this will be pumped and some good runs coming, TAKE PROFITS AND MOVE ON!! Just a couple shell companies with nothing
PRESS RELEASES
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I know, lol. The copywriter is notorious to being awful at his job! Pathetic!
At some point it wont. (If the current situation does not improve)
Someone is hoping for a pump, so buying at 0002 is a risk/reward play. ANY word from the company will send this soaring and whoever is accumulating knows this.
How do you figure? No word from anyone in the company for months. Its like the company has just been abandoned.
Not locked. Down >90% on sells!! $1.25
This is a joke. FUTL down >90%!!! $1.25 Supposed to be restricted from selling, but of course someone is!
FWDG GOING TO 0001! P.O.S.!!
OTC Markets Group Welcomes Newly Verified OTCQB Companies – June 22
Jun 22, 2015
OTC Disclosure & News Service
New York, NY -
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced the following companies are verified for trading on the OTCQB® Venture Marketplace:
NXT Energy Solutions Inc. (TSX-V: SFD; OTCQB: NSFDF) – NXT Energy Solutions ("NXT") is a publicly-traded geophysical service company based in Calgary, Alberta, Canada. NXT's proprietary SFD aerial survey technology is used by oil and gas exploration and production companies to focus and high-grade their exploration programs.
SFD can be used to significantly reduce the total time, costs and risks in the exploration cycle, with no environmental impact.
5Barz International Inc. (OTCQB: BARZ) – 5BARz International along with its consolidated subsidiaries are in the process of developing the global commercialization of a patented product technology branded under the name 5BARz(TM). 5BARz(TM) is a cellular network infrastructure device for use in the small office, home or when you are mobile. 5BARz(TM) incorporates a patented technology to create a highly engineered, single-piece, plug 'n play unit, which is not disruptive to the wireless networks, and strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz(TM) represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
Berkshire Bancorp, Inc. (OTCQB: BERK) – Berkshire Bancorp, a Delaware corporation, is a bank holding company registered under the Bank Holding Company Act of 1956. The company's principal activity is the ownership and management of its wholly-owned subsidiary, The Berkshire Bank, a New York State chartered commercial bank. Berkshire Bank's principal business consists of gathering deposits from the general public and investing those deposits primarily in loans, debt obligations issued by the U.S. government and its agencies, debt obligations of business corporations, and mortgage-backed securities. Berkshire Bank currently operates seven branches in New York City, four branches in Orange and Sullivan Counties, New York and one branches in Teaneck, NJ.
Farmers & Merchants Bank of Long Beach (CA) (OTCQB: FMBL) – Farmers & Merchants Bank of Long Beach offers personal and business banking services in California. It provides business banking products and services such as business checking accounts, money market accounts, investment accounts, merchant card services, small business loans, real estate and construction loans, commercial loans, church and nonprofit loans; and personal banking services, including personal checking accounts, personal money market accounts, personal savings accounts, and personal and home loans. The bank operates 23 branches in Long Beach and Orange County. Farmers & Merchants Bank was founded in 1907 and is based in Long Beach, California.
Frontera Group Inc. (OTCQB: FRTG) – Frontera Group is an export management company providing business development and market consultancy services that assist small and medium-sized businesses in entering new markets in Central and South America.
NXT Energy Solutions Inc. (TSX-V: SFD; OTCQB: NSFDF) – NXT Energy Solutions ("NXT") is a publicly-traded geophysical service company based in Calgary, Alberta, Canada. NXT's proprietary SFD aerial survey technology is used by oil and gas exploration and production companies to focus and high-grade their exploration programs.
SFD can be used to significantly reduce the total time, costs and risks in the exploration cycle, with no environmental impact.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for these companies on www.otcmarkets.com.
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It's down 99.9999% in just two months!! Even after reverse split!
seriously? This just had a reverse split! What a POS. Was up 100% then close at nil? What a joke.
What's the difference between AEGAD and FUTL besides price? Both have zero volume, priced about the same (around $5) and same name.
That is wrong
What's the difference between AEGAD and FUTL besides price? Both have zero volume, priced about the same (around $5) and same name.
"Holders to receive 1 non-transferable share of FutureLand Corp (FUTL) for every 250 shares of FutureWorld Corp (FWDG) held as of Record Date. Will not be quoted ex."
Lets hope so. This is one quiet dog
NXT Energy Solutions Advises of Commencement of Bolivia Project and Filing of Q1 2015 Results
CALGARY, ALBERTA--(Marketwired - Jun 1, 2015) - NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE:SFD) (NSFDF) advises that its interim financial and operating results for the three month quarter ended March 31, 2015 ("Q1-2015") have been filed in Canada on SEDAR at www.sedar.com, and will be available in the USA on EDGAR at www.sec.gov/edgar, and on NXT's website at http://ctt.marketwire.com/?docid=1010304001&id=6241567&type=0&url=http%3a%2f%2fwww.nxtenergy.com%2f. All selected and referenced financial information noted below should be read in conjunction with the Company's unaudited interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the Q1-2015 period.
A condensed summary from the Q1-2015 interim consolidated financial statements, with comparative figures for the three month period ended March 31, 2014 ("Q1-2014") is given below.
George Liszicasz, President and CEO of NXT, noted "the Q1-2014 period reflected the completion of a survey project in the USA for new client. While we did not have revenue activity in Q1-2015, we are excited that this week we are mobilizing to our new SFD® survey project in Bolivia. This project, which has a contract value exceeding US $13 million, is with another new client, the national oil company of Bolivia, and will be our largest project to date. We have received an initial deposit valued at US $3.1 million (secured by a bank letter of guarantee issued to the client), which will be applied against the initial progress billing to be earned on the project."
http://finance.yahoo.com/news/nxt-energy-solutions-advises-commencement-170748558.html
http://www.nxtenergy.com/upload/media_element/attachments/110/2015%2006%2001%20NXT%20announces%20commencement%20of%20Bolivia%20project%20and%20filing%20of%20Q1%202015%20results%20REVISED.pdf
Good luck with that. Continued dilution, increasing debentures, and reverse split imminent is a recipe to lose lots of money. Holding long you just watch your share value decay. Best bet is to try to buy on dips and hope it rips and get out! Thats all this is good for. Sad but true.
The problem for me is I have met with AG guys in person and had a pretty strong dialogue with SS for several months last year. Really believed in his vision and what he was claiming to be true. He has lied to me several times now, including to my face, and dont believe anything that comes out of his mouth any longer. I am a fool for hanging on to this stock for so long. Even though I sold a month ago, i should have sold a year ago. Oh well, only money and learned a huge life lesson. Moving on. MJ will be huge and the right investment will come along at some point. These crappy penny stocks are going to fizzle out or be bought out at some point. Wont be seeing me on here much, already tapered my posts back and left as mod a few weeks ago. Good luck!
Non of this crap is audited, so now I dont believe it. This company needs major mj reform and some restructuring before it can take off. That is several years out. And a huge risk added that they need to be able to stay in business while time passes before that happens. With debentures increasing every qtr, dilution, etc share structure will need to be dealt with at least once, maybe twice before it gets to a point where it becomes a viable company to "invest" in. Do not think this is the time to invest. I had higher hopes last year and going into this year, but qtr after qtr, PR after PR is same ole BS. Really not a lot different than other penny stocks at the moment. Buying here long term you will go through a reverse split and continued dilution. There is plenty of time to buy in again down the road.
Lots of things fell through for sure. So what is next? Patents aren't what they claimed? Reverse split will now happen?
Stephan said to my face last year they weren't diluting. Sure looks like diluting qtr after qtr. its a joke, but I still believe they will pull this off in long term. Several years out!