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Yes I agree - the purpose of this document was to cancel the reverse split and to uphold the increase in AS. DF wanted the reverse split but it would've left too few shareholders to remain a publicly listed company. Since DF is gone, HH is canceling the RS.
So what does this Form 15 mean?
It's just how a public company files forms.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000783284&owner=exclude&count=40&hidefilings=0
http://www.otcmarkets.com/stock/IFCR/filings
How does he anticipate the share price to respond post split?
Ah, I didn't know you could ignore people on here. That is great news! This Eddy guy is waaaaay out there
Anyone here get filled at 0001 today?
I just said that was a mistake. I do still own shares, I've never sold. Believe what you want. I just want to get to the truth of what the company has and does not have.
I had my chance to sell for a great profit when it ran to 0.25 in 2014 but I didn't because I really believed in the VR potential. I'm honestly not bashing here, I would be pretty stoked if NXGA still owns the VR IP, I just don't think it does.
You're right, I did say that. That was a slip. I mean buy more. I still have my original shares from 4/15/2013 when it was WILS.
I never claimed to know everything. Please show me where you got your information for this bidding war and 90 day policy.
First off, I didn't sell. I still hold my shares. Second, if it goes back down to 0.0001 I may get back in because it has short term flip potential. Third, if you read the entire form you will find how and when the royalties will be paid (hint: Section 4).
A buyer of what?! The agreement with CEEK and NXGA absolutely has not been terminated.
You people have not been here long enough to understand what this company is. Mary Spio resigned as an officer and director of NXGA effective Dec 31, 2015. When this happened, she took her technology, patents, and all other IP to her privately owned company, CEEK VR, Inc. She left NXGA with a royalty option until the vesting amount ($5MM) is paid in full. I suggest you all do your homework and read official filings.
I was in this stock when it was WILS and throughout the entire VR fiasco. Make no mistake about it, it is once again a shell company ran by Michel St-Pierre with some recent backing by the fraudulent John Fife.
If you got in a 0.0001 you will make a profit. I, unfortunately, was in at a much higher price and didn't get out before Spio left with all of the potential. I'm sure St-Pierre is currently shopping around for the next venture, so stay tuned.
And seriously, read the filings and not the bluff.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11095076
http://www.otcmarkets.com/stock/NXGA/filings
How do you think this stock is involved with VR?
Most longs here, myself included, are waiting for audited financials to be released. I still believe in the company, as is apparent from my repetitive averaging down from 0.0019 to 0.00017. It's going to be fun once the financials are announced.
Nice pay increases for executives of a company which underperformed substantially the last two years during which time the share price dropped like a rock.
I agree. I'm very optimistic that once earnings come out this will shoot up. I doubled down this week, bringing my average share price down to 0.0002. Looking forward to more news.
I bought more at 1 on Monday
Except for the OS part....
Good news is he'll probably get the stock to run, offering the longs here who got burned by Spio an exit point. Bad news is he will likely ruin this ticker.
A quick google search for John Fife pulls up numerous articles of fraudulent activity by Fife through his network of trusts.
One example: http://www.hotstocked.com/article/89097/advanced-medical-isotope-corp-otcmkts-admd.html
A quick google search for John Fife pulls up numerous articles of fraudulent activity by Fife through his
Hahah awesome. I was waiting until after the distribution cut to buy, expecting people would be upset with a distribution cut. The cut came with announcement of a JV and a fat stack of cash, painting a pretty picture for the future of the company. I lost big time by not getting in pre-announcement... Can't win em all!
Just announced distribution was cut to $0.60/quarter, $2.40/year. Still a very nice 18.8% distribution yield. Going to be interesting to see how the market reacts.
http://www.crestwoodlp.com/investors/news/news-details/2016/Crestwood-Forms-Strategic-Joint-Venture-with-Consolidated-Edison-Announces-First-Quarter-Distribution-and-Updates-2016-Outlook/default.aspx
True - Jace was brought in as the CFO. Getting the financial reports current is his main responsibility. I take today's press release as a huge positive. Hopefully I can average down further before the financials are released.
Great call on the quick move!
This is great news - Audited financials are imminent which will clear the path for a significant move in share price.
I share your opinion on Bland, and also agree that he will most likely make a move pretty quickly. Hopefully it will be more thought out this time...
What do y'all think they're going to do with the distribution? I want to start my position here but I fear they are going to decrease the distribution, which would all but certainly drop the share price. Of course, I may be wrong... They didn't decrease the distribution last Q, which was huge for shareholders.
Anyone actually read the annual? The whole USVI venture was a complete failure:
"Subsequent to December 31, 2015, the Company and the person from whom the Company acquired Medically Minded (who became the Company’s sole director and chief executive officer) determined that the distribution of durable and disposable medical products in the US Virgin Islands was not a suitable business for a publicly traded company. Further, delays in adoption of medical cannabis legislation in the US Virgin Island (since adopted) presented challenges of obtaining financing to add medical cannabis products to the Company’s US Virgin Island operations and a failed attempt to negotiate the acquisition of a medical cannabis related business in California, put financial pressure on the existing distribution business. Accordingly, the Company and the person from whom the Company acquired Medically Minded entered into a rescission of the acquisition."
The company is now essentially a shell looking for a company to acquire:
"The Company is presently considering the distribution of hemp oil products in the United States."
What is a good email for David?
I'm in from well before the reverse. Still waiting for the next big run. It's only a matter of time.
Great entry point. I can't see this going anywhere but up.
I don't see any Form 4s indicating insider trading. I like the thought, though!
I've been here for ~9 months... Averaged down several times. I'm quite anxious for financials to be released, instead of merely word of financials being released.
Why do you think financials will be released soon?
No wonder you can't get through - you're missing 4 numbers.
That was the longest sentence ever written. This stock thread is impossible to read.