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Opti, so what do we need to do to begin the class action lawsuit against the company?
To me it doesn't matter what he says anymore regard dates. I'm holding bc I know the potential upside. IMHO the fins will get released at some point. And if not I stand to lose a about 10 grand. However, when they are released I stand to gain several hundred grand. To me the risk is obvious, but so is the upside! I will continue to hold and watch.
It says June on the intro here on iHub
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Created: 9/23/2005 1:48:51 AM - Followers: 279 - Board type: Free - Posts Today: 17
NEWC
SHOULD BE FULLY UPTODATE ON 10K'S AND 10Q'S
SOMETIME IN JUNE 2017
NEW AUDITORS
CURRENTLY WE HAVE THIS UGLY
STOP SIGN.... but not for much longer
NEWC IS DELIQUENT IN IT'S SEC FILINGS
+
Corporate Profile
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. We own 100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. SGS Colombia S.A. completed a drilling program for an N.I. 43-101 Technical Report; once financing is secured we will implement the program. Our Mining Plan of Operations (PTO) was approved on December 23, 2013. In April 2014 we applied for an environmental license. We expect to begin mining operation in August 2015.
New Colombia Resources also has a medical cannabis business in Colombia operating as Sannabis SAS. Sannabis is a partnership between New Colombia Resources and others including members of the Nasa Indian Nation of Colombia. Medicines are legally produced on the Indian reservation and distributed throughout Colombia. Sannabis enjoys first mover advantage in Colombia and aims to provide the best medicine with scientific evidence available in Colombia and
Investor/Media Contact
John Campo
President/Chairman
1-410-236-8200
Email: jcampo@newcolombiaresources.com
Registrar and Transfer Agent
Standard Registrar and Transfer Company Inc.
12528 South 1840 East
Draper, UT 84020
Phone:(801) 571-8844
Fax: (801)571-2551
Independent Auditors
MaloneBailey, LLP
10350 Richmond Ave.
Suite 800
Houston, TX, 77042
United States
118 Million Float
http://www.otcmarkets.com/stock/NEWC/news
http://www.newcolombiaresources.com/
New Colombia Resources Inc. (“New Colombia” or the “Company”) is a publicly traded resource company listed on the OTC under the symbol “NEWC”. The Company is focused on the acquisition and development of high quality metallurgical coal properties in Colombia, considered one of the most attractive emerging markets. With an estimated US$378 billion in gross domestic product in 2013, it became the third largest economy in Latin America and is growing 4% to 6% per year. Colombia has the largest coal reserves in Latin America and is the fourth largest coal producer in the world. Total coal production decreased by 4% in 2013 to 85.5 million tonnes. Coal producers aim to increase coal output in 2015. Colombia privatized its coal sector in 2004 and is committed to investing in infrastructure to support increased mining.
We are focusing on our La Tabaquera coal and rock project (the “Project”) located in the Municipality of Guaduas, approximately 100 kilometers northwest of Bogota. This Project’s haul roads are easily accessible either by National Highway I-50 or the new Ruta del Sol. The property is within 50kM of the Magdalena River, providing easy transport to terminals in Barranquilla, Santa Marta or Cartagena for export. The Magdalena River is being dredged to allow cargo from La Dorada which in close proximity to their mine.
Recently we purchased a rock crushing plant with processing capacity of over 100 m3/hour of aggregates which is expected to be operating in by August 2015. Demand is strong for building material in Colombia since many illegal mines have been closed as new construction and infrastructure projects come online. Construction of the final sector of the Ruta del Sol road project was approved to begin. It will consist of tunnels and bridges within 5 kilometers or our coal and rock mine. This allows us to supply road builders with aggregates, and then use these roads to move our coal to export terminals. We intend to fund our coal operations with the cash flow generated from the sale of processed aggregates.
An “Estimate of Probable Reserves and Grantable Potential of Coal at La Tabaquera Mine” report was prepared on behalf of New Colombia in September 2011. The report estimated reserves for La Tabaquera Project of 13,073,935 cubic meters for a total of 16,996,116 tonnes of bituminous coal (non JORC compliant), with 70% being metallurgical hard coking coal and 30% thermal coal.
Based on the high quality of our coal, we expect to sell at a premium to other domestic coals. We believe our mines have Blue Gem coal, only found along the Kentucky Tennessee border in the U.S. and Colombia. This coal is unique because of its low ash and high carbon content. It is in high demand for the silicon and silicon based alloy market. Beginning in 2015, New Colombia will concentrate tunnel mining its hard coking coal seams first. The Company expects to mine 20,000 tonnes of hard coking coal per month.
We own the mining title and land where we will commence operations. Our Mining Plan of Operations (PTO) was approved in December 2013 by the Agencia Nacional de Mineria (ANM). In April 2013 we applied for an environmental license which we expect to be issued soon.
https://finance.yahoo.com/news/colombia-resources-announces-sannabis-subsidiary-123000253.htm
New Colombia Resources Announces Sannabis Subsidiary Receives Multi-million Peso Purchase Order of their Medical Marijuana Products From Doctors of a 100-year-old Hospital Foundation in Colombia
Sannabis receives second bulk order from distributor to Private Label their Climax Product
CALI, Colombia, April 21, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (NEWC), a U.S. company with natural resource assets in Colombia is pleased to announce that its subsidiary, Sannabis SAS, has received a multi-million-peso purchase order from doctors of a well-known hospital foundation in Medellin, Colombia. This 100-year-old foundation has a University Hospital, Children's hospital, and an Institute of Medical Technology.
These doctors will offer medical service visits introducing Sannabis products direct to patient's homes. Medellin's urban area is Colombia's second largest with a population of over 3.5 Million people. Sannabis products are well accepted in Medellin therefore the company is focusing a strong sales effort in this region and plans to open addition distribution points.
Sannabis is very pleased with the testimonials for their Climax female lubricant product which they private labeled for a distributor in Colombia. We congratulate the distributor with the success they've had in creating a niche market for this lubricant made with our 100% organic cannabis sativa extract and coconut oil. According to this article in Colombia's leading newspaper, El Pais, the distributor surveyed 50 women that used the product with favorable results, which is evidenced by their re-order. Sannabis has received a second bulk order from this distributor.http://www.elpais.com.co/elpais/cali/noticias/spray-sube-deseo-sexual
In addition to their original Sannabis brand products, and due to Sannabis' position as the only legal mass producer of medical cannabis based products in Colombia, the company is working with entrepreneurs that want to develop brands and market medical cannabis products. This is in line with their plan of being mass producers of high quality 100% organic cannabis extract, while maintaining the top brand in the industry, Sannabis. Although the media gives the distributor credit for developing the product, it was developed, produced, and bottled by Sannabis.
Sannabis is working with an in-house distributor that will mass market the Sannabis Climax brand female lubricant spray to a different demographic with different price points and presentation so as to not directly compete with private label partners.
https://finance.yahoo.com/news/colombia-resources-announces-sannabis-subsidiary-124200931.html
New Colombia Resources Announces Sannabis Subsidiary Receives Purchase Order for their Medical Marijuana Products from a Pharmacy Chain
Company Scientific Advisor, Dr. Robert Melamede Ph.D. now in Dubai introducing Sannabis products to Middle Eastern Countries
CALI, Colombia, April 20, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (NEWC), a U.S. company with natural resource assets in Colombia, is pleased to announce that its subsidiary, Sannabis SAS, has received orders from an established pharmacy chain distributing natural products in southwest Colombia.
Natural Pharmacy chain Salud Semillas, a leading distributor of natural products with an established customer base in southwest Colombia, has placed an initial purchase order and developed a marketing plan to generate strong sales. In addition to having stores in upscale malls and shopping centers they also sponsor a morning health talk radio show to discuss their featured products. The show targets an area of 350,000 people and attracts 25-35,000 listeners daily from 8-8:30 am. Salud Semillas' marketing plan for Sannabis products includes radio talk shows, telemarketing group, internet sales, newspaper ads, and a direct to customer health magazine called "Buena Vida" which is distributed directly to thousands of customer's homes monthly by Salud Semillas' trained personnel in strategic neighborhoods. For more information on Salud Semillas visit http://www.saludsemillas.com. Their radio show is also broadcast in Spain, France, and Germany as well as online. To listen to the show tune into http://emisora.univalle.edu.co.
"After 20 years of hard work developing high quality medical marijuana products in Colombia, I'm pleased that we were finally able to establish a mainstream market, our orders are coming in droves," said Juan Pablo Guzman, Director of Sannabis in Colombia.
Dr. Robert Melamede Ph.D., scientific advisor to Sannabis and New Colombia Resources, is now in Dubai as a guest speaker at the World Congress on Oncology and Radiology held from April 18-20. He presented at the Novel Approaches to Cancer Therapeutics session. Dr. Melamede is a world renowned expert of the body's Endocannabinoid System and can easily educate world leaders on why cannabis cures and relieves. Dr. Melamede has firsthand knowledge of the effectiveness of Sannabis products in South America and is helping the company establish relationships and purchase orders with Middle Eastern countries. "The cannabis awakening is spreading across the world. The scientific knowledge of the unique healing powers of this plant are now known by more and more people around the world. The truth can no longer be suppressed by ignorance," stated Dr. Robert Melamede, Scientific Advisor to Sannabis and New Colombia Resources.
"In anticipation of having an approved export license, our approach to the international market is simple. You know cannabis cures but you don't want the hurdles of growing marijuana. Our region has grown the best medical strain for generations, we can grow and manufacture the highest quality 100% organic cannabis products for you at the most competitive cost possible. Colombian entrepreneurs are creating a new industry for the legal international medical cannabis and industrial hemp products market and we're proud to be a part of it," commented John Campo President of New Colombia Resources Inc.
Share Statistics
Avg Vol (3 month)3: 206,075
Avg Vol (10 day)3: 18,756
Shares Outstanding5: 154.34M
Float: 118.09M
% Held by Insiders1: 23.49%
New Colombia Resources Inc. Announces Results of Coal Surface Samples Showing High Grade Anthracite Qualities in Colombia
The Company works closer to getting an N.I. 43-101
The results are available on the Coal Specifications page of the company's new website, http://www.newcolombiaresources.com.
The samples taken by SGS in June were analyzed by SGS Minerals Services in Barranquilla, Colombia on July 11, 2013. Of the 9 samples analyzed, 7 were very high quality coal and 2 were lower quality coal. The Company is extremely pleased with the first two samples which showed High Grade (HG) anthracite values with an 80% fixed carbon content, .64% sulfur, and 9.5% ash. The company is not satisfied with the lower quality results of 2 samples and is waiting for a formal report from SGS to determine the locations and extraction method of these samples.
New Colombia Resources believes the majority of their coal has a coking coal to semi-anthracite rank. A paper titled Coal Resources of the Americas published by the American Geological Society stated "middle Guaduas is characterized by thick beds of shale that are subdivided by sandstone and good concentrations of mineable coal beds which make this unit the best coal producer." The paper goes on to say that "thermo metamorphic action changed the rank of the coal beds in Guaduas from bituminous to meta-anthracite."
About SGS
SGS is the world's leading inspection, verification, testing and certification company. They are recognized as the global benchmark for quality and integrity. With more than 75,000 employees, they operate a network of more than 1,500 offices and laboratories around the world. Their core services can be divided into four categories: inspection, testing, certification, and verification. For more information visit http://www.sgs.co/en.
SGS Corporate Video
http://www.youtube.com/watch?v=x-1iQZxXVaI
Location of Mine
Our wholly owned coal mining concession, La Tabaquera, sits on the rolling hills of Guaduas, Colombia. Guaduas is believed by many to have the highest quality hard coking coal in the world. The Guaduas Formation Tertiary contains at least seven recorded coal seams, with an individual seam thickness of up to 2.0m, and a total coal thickness of approximately 12.0m.
The 57 HA La Tabaquera (in yellow) and the 390 HA mine La Herradura (in Orange), are located to the West of the La Bermeja Ravine, crossing Rio Guaduero from N to S, with a linear extension of 2.5 km N-S direction and .2 km approximately, from E-W
Valuation of mine: $49,000,000
Mining Assesment PDF
http://www.newcolombiaresources.com/assesment.php
It was supposedly a phone conversation one of the members on the board had with John Campo but if you look at the top of this page, assuming you don't have the intro hidden, it says newc is expected to be fully compliant sometime in June.
After my original response had been removed for calling you out I clicked on the wrong post to re-responded in way that didn't violate TOS. My response was in regards to you not trusting the 10k even if it was released..
Such thoughts and opinions without being a, or involved with, an institutional investor mean as much as ours. They are all speculation and personal opinion and nothing more. Then again, with such penny stock standards no institutional investor would ever invest in a penny. And no company would ever make it off the otc.
People may have lost money with Enron but it wasn't in the pennies.. nor sub pennies for that matter. If this stock makes to Enron prices before a crash I'd be cool with that. As I would have already made my money and be long gone by then. Lmfao threaten me with a $90+ pps
Yeah I mean what do receipts for coal shipments mean?? Lol nothing concrete...
Whatever.. you were just calling $0.0045. Its easy call a number when it's the current pps.
I don't mind taking some punches along the way but MB resignation was a real 3==D punch that I could've just done without lol. I will continue to watch and wait as well. No way he has it done in 2 weeks though. It'll be more like 2 months..
Was that conversation before or after MB resigned the audit? Hard to believe a new auditor is going to come in and review everything for 2 years in the nxt 14 days..
I have close @ $0.0110 as well via thinkorswim. And that was a paint job of a 1,000 shares just after 200k+ share sell at around $0.0105
U.S. markets are closed for Good Friday.
Except the 8K clearly states who the other major stakeholders are for each subsidiary. For the coal subsidiary, MSG holds the other 49%. And for the subsidiary for Sannabis distribution, the current Company President and a retired MLB All Star own the other major stake.
The one in Florida allows NEWC report some of the profits from Sannabis. The other allows them to report profit from a mine they didn't even own a few days ago. MSG gains 49% profit on a mine they owned but probably didn't have the ability to mine in return. Both are good for NEWC and none of NEWC was traded or sold. NEWC owns controlling stake in both new companies (subsidiary). It means revenue from multiple sources.
No. The 8k stated NEWC is the parent company of the subsidiary company formed in which NEWC owns 51% of. It was formed the mine coal from mines owned by MSG. This means NEWC will be able to include proceeds on the financials. And JC formed another subsidiary in Florida for distributing mmj products which NEWC will be the parent company owning 51%. Of which he can report on financials. For the first delivery coal was purchased from a 3rd party for $45/tonne. Deliveries begin 4/17/2017 to the port from 3rd party. Lastly it states in an official SEC form that 10k is in audit.
Lol 3/22/17! I guess these beers are stronger than I thought:)
Really?? Is that why the transfer agent says as of "date" the O/S is..
I hadn't called the transfer agent since then.. I was going off memory before double checking and mis spoke.
My bad double checked my numbers as of 6/22/17 O/S was 602 million. I wrote it down but didn't look before speaking. 10 million dilution since then.
According to the most recent O/S quoted by Alturism these T- trades haven't added to the O/S.. sounds to me like JC is buying shares back! This is what I want to see!!!
I honestly want to add but can't justify it right now. I'm 749,000 shares right now and have a few more grand I could potentially throw at it to lower my average pps. All the signs point to a good buy as the demand for coal is high and other metallurgical coal companies in the US are trading in the $10-$40 range but Campo needs to be current. He needs to come through on this. I will remain patient through the summer, and add if it hits 0.07, but he needs to give us something.. We all know the 10K is bad and most don't care. We care more about being current and on the up and up. We know what's coming.. $$$$
But not an increase in the O/S, which is the only kind a dilution I care about at the moment.. lol
So you call the transfer agent on the daily?? 25% yesterday and 30% today?? What's the O/S then?? I can call to verify. Selling on the bid isn't necessarily dilution!
A $20 green paint job.. those won't be victory beers I'm drinking today....
The last I knew it was at 640 million something out of a billion as of 3/23/17. That was when I had emailed JC about the dilution problem shareholders were worried about. To my knowledge dilution had stopped since then and I witnessed VNDM move off the ask to 0.025 the very next day. In my honest opinion The dilution from 600 million to 640 million was the only reason we sub pennies in the first place. Personally I'm more worried about this 10K. It took five months for them to audit one years worth of transactions in now JC said they're trying to audit subsequent transactions of 2015 to current. That's another 13 months at least of transactions to audit. At this rate will be lucky to see the 10K by 2018. And there is to be no PR releases until the 10K? With that time frame in mind the support JC talks about will crumble. Is there anyone like OPTI, Yoo, or Riding that can shed light on this??
Call the transfer agent. Their number is at the bottom of NEWC's website under investor info tab.
It was in an email response from Campo..
He also still owes us an answer about ASI's response to his request for an extension on the first delivery. I think more people should email him for their answer. Not harasse him but I feel he would be more like obligated to respond if more shareholders were asking..
I haven't posted much in the last month. Partly due to being in iHub jail and partly due to trying to be patient. However, it's time for Campo to make some s*** happen.. He hasn't answered my emails lately regarding dilution but also stopped the day after confrontation about it. In my humble opinion he cares how we shareholders perceive him.
The main mines in question are in/near Guaduas Colombia. Although I have not looked at a map to see how near the storms were to them.
I tried victory beers until the 10K came out, but that proved to be a health hazard lol.. I honestly feel this company is going places but their ability to meet deadlines is s*** right now. I really hope campo pulls his head out of his **s and starts meeting deadlines. I'm an engineer and if I missed as many deadlines as this guy I'd not only be out of a job but wouldn't be able to find another. He better give shareholders something within the nxt two weeks or the pps will drop way below K's price point... that honestly pains me to say bc K relies on no news to reach predictions. Any news at all along with 10k shifts his technical world. These next two weeks are critical in my books.. Campo better come through on something!
What do subsequent events have to do with the 2015 10K? Shouldn't it go on the 2016 10K?
It was this type of thinking that initially caught my attention. I too am in for the long haul and believe that good things are coming.
Looking forward to some good pr this week along with the 10k!
That was my thought on it as well. He has answered my emails fairly quickly in the past too.
I was really optimistic about seeing the 10K this week. I emailed Campo about the dilution and him saying earlier this month that operation financing shouldn't be a problem in the future. I essentially asked if shareholders could expect the dilution to stop seeing as he was filling a smaller purchase order this week. I haven't received a response yet though. Although VNDM did move off the ask the very next day, probably just a coincidence though lol. I mentioned to him that almost 80% of our volume had been dilution, ~40 million of 50 shares sold according to numbers obtained by transfer agent from 3/8 - 3/21. Hopefully he is busy getting that 10k out and getting things going. I think someone else mentioned they didn't receive a response from him yet as well.
Lmao!!!! Weeks, months, years...
Well at least we have moved up to a day or two now lol. He said it's not in the auditors hands anymore and I expect it by tomorrow or early next week. And cargo, before you even start, it was never any day until a couple of weeks ago at which time the auditors weren't asking anymore questions. It had always been "soon," which is why this is funny. It a vague statement with no real sense of time.
Isn't more about the circumstances of the RS? I wouldn't think it would be bad if the company was on the way up and campo wanted to accelerate the uplisting procedure. If a company is on the way down and a RS is done to stay in compliance with the pps requirements it is almost always bad. But the idea of an RS is that it is a zero sum accounting procedure. Wouldn't the momentum of the stock determine if it would be bad? A company that has a market cap of $1 billion is still the same after the split. Company value and profits are what will determine if we make money and all of this is exactly what has been set up for this year and what longs have been waiting for.
I completely agree with this. Well said Opti..