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Another new areticle linking it to a utility that doesn't serve the millenials anymore.
[url][/url][tag]http://www.theaustralian.com.au/business/business-spectator/commentary/twitter-has-become-a-utility/news-story/0851a1b1c7e56de8807ea574ffa13ca2[/tag]
Not trying to be negative, just trying to get an understanding of the lay of the land before 3Q info comes out.
Here is a new article providing a potential way to value that makes sense in light of the situation, but is a large devaluation. This could be the start of the start of the bubble break in this marketplace. Raising interest rates will help turn M&A into a cash flow market.
[url][/url][tag]http://www.wsj.com/amp/articles/why-twitter-is-actually-a-media-company-1476642632[/tag]
The A/S increase may have already occurred. You are thinking that you have to file before you offer the shares. The increase in A/S could have been done, convertible preferred sold and then converted into shares before having to file with the state.
How do you explain the related party ownership? The controlling shareholder of this stock owns 49% of the common of Zoloto.
The control shareholder of this company owns 49% of the common of the other company.
You better retread the headings in the financials you were looking at. Debt went up by a million dollars since last year. There is more than $4 million debt on the books as of the end of the last Q.
Then how do you explain that the 49% owner of Zoloto controls NWGC?
All three entities are controlled by the same person behind trusts. I have posted about this before.
That is a very interesting play on words. Do a little DD and you will find out how true your statement might be....
Anyone have the buys vs. sells for today. It must be overwhelming sells.
I called this a couple of weeks ago. They were going to take this down 10%-20% a day will a couple of up days thrown in to keep people trading while the MMs keep the profits.
The Task Force is also looking at people that are posting clearly false information that there is no dilution, the company's debt level has gone down when it has gone up, that there are more than a $1.0 billion in assets, when there is no where near that amount, arriving at a number and calling it a reliable valuation without any valuation credentials...all the while to get people to buy more shares to make the price go up....let's not forget trying to hide behind safe harbor provisions that don't apply.
I stand corrected...I left out the ,000 by accident. 100,000 shares would not be material...100,000,000 is material. I was just pointing to material issues.
Does anyone remember people on this board that were promoting this stock before the last 10Q came out saying that there were shares bought and put in the treasury? If you look at the Q that was filed, there were no shares bought and put in the treasury. The only thing you see is the increase in OS of 100,000 shares.
Now come the interesting facts. There is no interest expense on the Q. How do you have $4.1 million in debt and no interest expense? That would be a material departure from GAAP and/or IFRS reporting.
More interesting facts...No one has verified that the company has the inventory shown on the books...That is a very material number. Has Mr. Talbot ever said to anyone that a facility/inventory has been robbed? Why would someone on the board say that you would need armed guards when you do the end of year inventory audit? Wouldn't the facilities already have guards?
If you can't get the current OS and AS from the TA and you are sent either to the last Q filing or back to the company, you do not have any independent verification of the current OS or AS. They only time you will know the next number is at the time they make public the next Q filing which is 45 days after the next end of Q. A lot can happen in 90 days. As show above, the last Q filing showed OS increasing by 100K.
The company has reached its limit on AS. Thus, if you want to buy time before the stock price falls you announce a minimal stock buyback, you delay communicating that you are increasing OS and AS through those means identified above and string out the fluff announcements. I will not be surprised to see that happen here. It certainly looks like that is the possible progression.
Do you really think Mr. Talbot lives in the US? He probably lives in Anguilla and will stay out of the US when the time comes....Is he even allowed in Canada? Or, will he stay in Ecuador or Peru? The assets of the company if they exist are in South America. Who owns the assets? It is so intertwined that the only thing you know is that some person that can't be googled controls all the entities? Now that is transparent to the point of non-existent..
Look at the litigation involving his purchase of a multimillion dollar property in Anguilla. It appears that someone sold him a $3.0 million property to be paid out over ten years with a very low rate of interest. Right before the property closes he changes the terms to a higher rate and thus dropping the current price before interest to less than $2.0 million. Soon after the closing he pays off the note for less than the $2.0 million. It appears from what I read, the seller wanted $3.3 million paid over 10 years and didn't want it paid off at a discount. He thought he was doing a favor for Canadian tax reasons. The seller sues but loses as he should have read the changes in the agreement better.
It appears it is another example of how Mr. Talbot conducts his business practices. Another example of bait and switch, partial truths and caveat emptor.
The controlling investor in $NWGC is the same person as the 49% common shareholder as Zoloto.
Look who controls 49% of the common stock of that company and who controls the voting rights to this company....You don't need to hold it up to the light....
Who is Karisa Augustus? Is she Talbot's wife?
You guys are missing a very big point!!! If the company has had all this cash why did they need to have ZRSCF put up $350,000 to buy a 49% interest in the milling project?
I haven't used scare tactics...look at my prior posts and you will see I have used only facts in my statements. I won't advise you to buy or sell. I will only tell you to look at the facts and make informed decisions based on facts. I am more than willing to answer any question that you may have that I can based on facts and verifiable information.
He probably didn't issue any new shares, he can just issue convertible debt with a potential for huge dilution. Especially when you get shares at .0001 as has been documented on the last Q showing 1000,000,000 converted at a cost of .0001.
It looks like the MM are just going to work the bid and ask each day and walk this thing down to the trips making their pocket change along the way. They will bring it back up a little to get the suckers to buy in on hopes and prayers and drop the price and pick up more beer money.
Andesbull,
If you look at most of the other statements made, they are not truthful too. There has been 100,000,000 shares added to the OS and float between Q1 and Q2 when there have been claims of no dilution. You can't rely on the financials as they are clearly materially misstated and do not conform to GAAP. Where is the interest expense on $4.1 million in debt? Being a bull, I hope you can smell the BS.
You are correct. Go back and look at all of my posts. I have stuck to the facts and told the truth. You have people on this board that have promoted this stock with materially false statements. Also, you will notice that I haven't supported certain posters' negative statements as they are not backed by supportable facts.
The truth is that you have people on this board that are using electronic media to try and increase the price of this stock with false and misleading information. They are doing this without being licensed under FINRA or as Registered Investment Advisors. Further, these people are trying to hide behind disclaimer statements that their opinions are for "entertainment purposes only" and thinking that they are ok under the safe harbor provisions.
I know more about this area of finance, accounting and law than most of the people posting on this board combined will know in their lifetimes.
The only person that is saying that they are prepared under GAAP has been shown to provide non-credible testimony to a court of law, has had his assets seized by the Canadian Government and works out of a virtual office. Do you really believe anything this guy says? Can Mr. Talbot return to Canada or is the Canadian Government still looking for him to seize any assets he may have?
There is no accountant stating that these financials are prepared under GAAP.
If you read the numbers at face value the assets appear to go up. The problem is that there is no interest expense for the $4.1 million in debt on the books. Further, how much of that debt is convertible that requires additional shares to be issued. It is more likely than not that these financial statements are MATERIALLY MISSTATED and DO NOT COMPLY with GAAP!!!
You both can't read the correct column!!!! The column furthest to the left is June 2013!!!! The numbers for June 2014 are the third column to the right!!!! Get real
NOTES PAYABLE June 2014 $4,153,772.62
NOTES PAYABLE June 2013 $3,075,173.97
That's more than a $1.0 million INCREASE In notes payable in one year. Stop trying to mislead people with false statements.
The only thing I see is a $1.0+ million INCREASE in debt since last year. That is straight from the financials. In addition, where is the accrued interest? In a civil suit, you need to show it is more likely than not to prove liability. In this case, I would argue that the financials presented to OTC Markets for publication are materially misstated and do not confirm to GAAP.
I would like to see how you explain debt without interest being accrued on the financials even if it is not paid on a current basis conforming to GAAP.
I will give you another hint following up on last night's post. Look who sold their company to SLN(X)'this past May all the while pumping the stock under an alias. They had a stock buyback too and look where the stock is now.
If you invested in the MM stocks you should know who Nicolas Jacobs is.....he is here and there...
Go back and read my prior posts. I identified this awhile ago. It appears that ZRSC(F) invested $350k for a 49% interest in the tailings milling. If NWG(C) has all this cash flow why would they have sold off a 49% interest? It looks like ZRSC(F) might be the legitimate company as their financials appear to be done under IFRS with potentially proper notes to the financials. There are many questions that need to be answered
It's not a compilation unless there is an outside CPA has signed off under the attest action standards and provided their opinion to that effect. The only thing you have here is management's WAG.
I posted what I thought was a responsible post earlier today concerning a promotor of this stock on this board that many people are relying upon. That post was requested to be removed as "a personal attack". It was not meant to be a person attack, but rather a word of caution for people to be aware of what is behind the curtain. I posted the disclaimer they put on their site that states that they are not licensed or registered as an investment advisor. The disclaimer clearly states not to rely upon their statements and that they are being made for entertainment purposes only.
I am not sure how you can take the safe harbor provisions when you are posting the things that they are posting and are not licensed or registered. I believe this is why your are required to either be licensed and/or registered.
Food for thought.....
In all probability without looking it up, the company does not have to post the conference call as they did not state in the press release announcing the call that it would be posted. Please stick to facts rather than making allegations without basis.
For example people posting buy recommendations for the stock without being registered and then trying to hide behind safe harbor provisions and stating that their recommendations are only for entertainment purposes. I am not too sure that safe harbor provisions would protect those people from security law violations.
I am glad you think it is funny, one would think that if you are putting out a buy recommendations the way you do that you would want to see if there was a significantly lower bid out there to do the audits. Did you ask Mr. Talbot how long ago he received bids to do the audit or by whom?
It's called being a responsible business executive. I guess it's better to stick with an audit bid that is more than you can supposedly afford than investigate whether there is a potential bid out there that might get the job done at a reasonable price. Your reference to ambulance chasers is specious.
Unless they file proper disclosures, you will never know what the potential dilution will be. I don't believe they disclose whether the debt is convertible and at what terms. As can be seen from prior posts, hundreds of millions of shares were converted at $0.0001. How many more undisclosed shares are potentially out there to be converted at those prices?