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LOOK AT THE DILUTION!!! The stock should be .0001, not .007.
The control people are diluting the stock in incredible amounts. They are paying themselves huge salaries as officers and directors which will further dilute the stock. They have made no income for the company. There sole function seems to be to gain almost total control of the company by eliminating the equity of the original shareholders. The notes are convertible at a deep discount to the market value of the stock. Eventually, they will do a reverse stock split which will totally eliminate the equity of all of the non insider shareholders. Do you due diligence!
There is an incredibly small float for this stock. If the Robin Hood investors ever started buying the stock, it would be $100 a share in a flash with the shorts getting demolished, just like with GameStop. And this company has more intrinsic value than GameStop which should be bankrupt.
I just bought a bunch at .0241. The value of the new merged company to IMUN should be worth at least .0053 per IMUN share if the merged company trades at the current level of 3.30. Add that to the ongoing value of IMUN, the stock should be worth at least .05. Just my opinion.
WOW! When the President of a company starts buying the stock, it says an awful lot about how he views the prospects of the company. Andrea is big in voice activated electronics. Maybe something is brewing in that area. He's not buying because he thinks the company is going broke.
Notice that the ships were purchased from the company's President? What do you think that says? He is pulling cash out of the company after shares are sold to raise cash. He will keep selling shares, diluting the stock causing the stock price to go down, doing a reverse split, selling more shares, pulling more cash out of the company, etc., etc. Look at what happened at Dry Ships. Exactly the same thing. The President of Dry Ships after all of the debt was paid by the continual stock sales and reverse splits, bought the company really cheap. Whenever the insiders do deals with the public company, look out. Do you think they are more concerned with the shareholders than their own personal interests?
I have received information that the present outstanding shares are as reflected previously. It appears that the entity merged into NAFS received preferred shares giving them voting control but not shareholder control. If that is indeed the case, there is no stock dilution. It may be that in the future they will decide to have a secondary offering but I am not aware of any presently planned secondary offering. Everyone should do their own due diligence.
I also called the transfer agent and they said they are not authorized to disclose the number of outstanding shares of NAFS. I have a call into the company's contact number that was given to the transfer agent and am awaiting a return call.
A partial win and a remand on the rest. The problem is that this creates more legal fees to Andrea due to the remand. The only reason that Apple is pursuing this appeal is the lawsuit between Apple and Fortress and Andrea is caught in the middle. Apple is allegeding that Fortress sponsored bogus lawsuits against Apple. Apple can't let this suit be resolved until the Fortress suit is resolved. I believe that Apple will eventually lose its claim against Fortress but that won't help Andrea now. If Fortress doesn't agree to forgive the debt that Andrea incurred in this suit and agrees to pay the rest of the legal fees in this suit, Andrea is screwed. The price of the stock is telling you that this lawsuit will bankrupt Andrea unless a settlement is reached with Apple and Andrea's debt to Fortress is forgiven or at least substantially reduced. It's all very sad. Doug dug a hole that I don't believe he can get out of.
I bought 45,000 shares today at an average price of .0165. I truly believe that it has tremendous upside potential. It looks like the new management is shareholder value friendly. The float is quite small which creates more potential volatility, presumably on the upside.
When the financials come out for the new entity, in my opinion this stock could go as high as $2. They merged because they wanted to become a public company to give value to the new entity and presumably to create value to the new shareholders (as well as the existing shareholders). In my opinion, the potential upside is huge compared to the downside risk. Do your own due diligence but to me opportunities like this don't happen offer. I remember when a shell selling for less than 1 cent was merged with a company that owned certain assets previously owned by the Elvis Presley estate. I believe the stock immediately shot up to $6 or so. You have to look at the new entity and it's potential. Enjoy the ride.
The result of the Apple/Fortress litigation will not in any way affect the Andrea/Fortress contract. The only option that Andrea has now is to sue Fortress to terminate the deal and forgive the outstanding debt due to Fortress' actions as claimed by Apple. Apple will never settle with Andrea until the litigation between Apple and Fortress is resolved, which could take years. Andrea is boxed in between two Goliaths with little recourse. And if Europe has been so favorable to plaintiff's infringement claims, why didn't Andrea sue in Europe?
Unless an activist board is elected in. I have no doubt that if qualified individuals run for the Board of Directors, the disgruntled shareholders would vote out the old directors and vote in the activist board.
I didn't say a crooked business and financial oriented CEO. There have to be qualified, experienced individuals out there with experience in the industry that, if offered an attractive stock option agreement, would be willing to take the challenge to run this historic company in a way that would finally generate income from the patents that this company owns. The issue isn't with research and development. The issue is converting that R & D into sales and profits. The present market value of ANDR is $1,400,000. Anyone with business acumen and insight could easily quadruple that. Doug has proven that he can't. Recruit a recently retired 55 year old executive from Apple or Samsung who may not be ready to live on an island and offer him a challenge that could emotionally, professionally and financially be extremely rewarding to him. If Andrea announced a new CEO with full control and with a positive reputation in the business, the stock would triple or quadruple overnight. Just my thoughts.
Any time a company announces a deal with a company totally unrelated to its core business, bells should go off. Either this is strictly a tout deal without any reality or the company is acknowledging that its core business is worthless. There is no indication as to the terms of the deal or specific information as to the financials of the company being acquired. Calls to the company are not being returned. This has BEWARE written all over it.
The settlements in all of the patent infringement suits apparently were strictly for cash. It is my understanding that there is no residual royalties being paid under any of the settlements. Unfortunately, all of that cash was then used to pay Fortress for the loans taken to pay legal fees for those suits. And Andrea is locked into the Apple suit until Apple and Fortress resolve their issues under the new lawsuit between them. They can't even sell some of their patents because Fortress owns a percentage of them. Andrea should go back to Fortress for debt forgiveness now that Fortress' actions vis-a-via Apple have put Andrea in a terrible bind. I agree that Doug has treated this company like his personal piggy bank and has grievously failed to cause Andrea's products to have commercial reality. The best products in the world are worthless if no one is willing to buy them. And I see no insider buying at $.02 a share. That may say it all.
The current issue is that the Apple lawsuit is causing the major portion of the cash drain to Andrea. I have objected for many years to Doug's exorbitant salary and potential bonuses but that is not the present main reason for the current financial situation. I doubt many question that Andrea's technology is among the best in the market. The problem has always been that for whatever reason, they couldn't make any money with it. Apple pays billions for Beat but doesn't give a nickel to Andrea. Another of my objections has been that Doug does very little to promote Andrea in the investment community. For quite a few years, Andrea was generating positive cash flow but the stock sold for $.05. Companies in bankruptcy were selling for 20 times as much. I have argued that if Andrea actually had a business and financial oriented CEO, the company's bottom line and the stock price would appreciate substantially. Unfortunately, that has not happened. The Apple lawsuit has no doubt prevented Andrea from pursuing claims against other entities, such as Amazon and Ali Baba, for patent enfringement by products sold through those entities. It is now apparent that the animosity of Apple against Fortress has caused Apple to fight the Andrea lawsuit even though Apple could have settled the lawsuit for substantially less than they have spent on legal fees fighting the suit. The Apple suit against Fortress would appear to be without legal substance but presumably was undertaken as a chilling effect upon Fortress to cease its patent enfringement lawsuits. Where this leaves Andrea is unknown. If it ultimately survives, the present price is ridiculous. If it doesn't survive, the present price is exorbitant. Good luck to all.
This is why Apple refused to settle Andrea's claim against Apple, even if the claim was valid. Apple couldn't acknowledge the validity of any Fortress' financed claims by settling any of those claims, including Andrea's. Now it's Apple and Intel against SoftBank, Fortress' parent. Meanwhile, Andrea is caught in the middle. If Apple wins, Andrea should sue Fortress for the debt Andrea incurred in pursuing the Apple suit at Fortress' direction. At the very least, Fortress should extinguish the Andrea debt owed to Fortress.
It would appear that much of the selling is due to year end tax selling. Plenty of people have losses in the stock, which losses can be used to offset other gains.
In case no one is looking, the stock hit .0295 today on heavy volume. There was a bidder out there trying to buy 100,000 shares at .025. It appears that something may be going on with the company with possibly either a deal being negotiated with an oil company to develop the property or to sell the property. If either of those events occur, the stock would appear to be grossly underpriced in my opinion. Do your own due diligence.
Someone just bought 800,000 shares at .02. Clearly, there is accumulation going on at this level. I can’t imagine anyone would risk $16,000 in this stock if they didn’t believe there is good news coming.
Earnings are out. Much better. Without the lawsuit expense, there would have been a profit.
Whoever is trying to buy keeps moving up his bid as the stock goes up. Clearly, someone wants to take a sizable position in the stock at increasing prices. There are few shares available to buy so logically this stock has to continue going up if the bidder stays in play.
Now at .02.
Either something good is near or someone is trying to take a large position in the company. Either way, this looks like a possible move above .05. In fact, with any kind of real news, this thing could go to .10-.20.
My guess is that progress is being made in developing or selling the property. Anyone willing to buy 3,000,000 shares for $37,500 must have a real basis for investing that much money in this company.
It is still going. Apple is appealing the determination that the patents are valid. Apple could have bought this company for the legal fees they probably have spent already. Andrea supposedly is now looking at Amazon and Google to file suit against. Long process. At least, the last quarter revenue was up and the loss was much smaller. If only the company had some public relations plan, the stock could be much higher. Worthless companies with no income are selling for 10 times the price of ANDR. Sad.
Maybe the negotiations concerning joint venture/sale are getting more intense. With the political situation and the crazy man in the White House looking to get re-elected, who knows what happens to the price of oil. The higher the price, the more demand for frac sand.
It is my understanding that the company is negotiating with oil producers to either sell or joint venture development of the leased properties. The cost savings to Canadian producers to secure the frac sand from this property compared to shipping the sand in from Wisconsin is substantial. With the price of oil going up due to Middle Eastern war cries, the demand for oil related entities could accelerate.
Revenue up 60%. Loss reduced by 40%. Still a loss but dramatically reduced. The sales increase at least shows increased demand for the company’s products.
Scammers don’t have publicly available telephone numbers and don’t return phone calls.
Then sell your shares.
I just spoke to a representative of the company. The company is real and is proceeding on developing the property. I am now much more comfortable with my stock ownership in NAFS! This doesn’t mean that the stock should be $1 but it does mean that I don’t believe that this is a scam or a pump and dump.
It is my understanding that they share in the proceeds from the patents. Fortress does not own them outright.
It sounds a lot like Doug in the few times I have spoken with him. It had 9 views. I hope they have a better marketing strategy. The frustrating part is that people recognize the superiority of the products yet no one can market them.
The hope is that someone will want the patents badly enough to make an offer for the company. Apple could have bought this company and it’s patents with the money they have spent in legal fees to fight the patent enfringement suit. I have no confidence in Doug ever being able to successfully market any of the company’s products. Maybe Doug should go on Shark Tank to get some professional management. I would be much more comfortable if the cash drain stopped but, so far, there seems to be little hope of that. The stock seems to be cheap at .05 and expensive at .08 and is probably destined to stay in that range until some news, either positive or negative, comes out. Patience is a virtue but this is getting ridiculous. Good luck to us all.
I’m still around. And I still have a substantial position even though I did sell when the stock had its knee jerk run concerning the somewhat positive patent ruling.
What is the China deal?