I am not actively trading; holding some stocks that have no value.
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Marty has been unavailable for some time on account of health issues... he is letting us know that he is still working on this, and that we can expect the successful conclusion of it.... even if it has been delayed (which we are not surprised about).
I appreciate this.
JMHO.
NL
Nice buy went through today - 1000 shares at .69. Now we are getting back into a range where some value is being reflected.
JMHO
NL
I haven't heard anything. I tried calling the transfer agent yesterday... he couldn't give me any further information other than what we already know from news releases. He directed me back to the Company, but the phone number he gave me was for Welltek.
I have a feeling that the Welltek folks still are holding the shell; it has been renamed to Nashville Records, but if it is going back to Gene, that process of changing officers, return of shares, etc. may take awhile. Just a thought on my part -- it may be that things have progressed further, but we won't know until it's official, I suspect. [Supposing Gene was paid money from the Welltek folks for his shares when the shell transferred, then I am supposing that the return of the shares to Gene would require a return of money to Welltek. That might become an issue if Gene doesn't have the money on hand right now. JMHO].
NL
Hi FBS... nice to hear from you!
I would not hold your breath on this one... there is a very long history of "non-delivery" on promises made, but one never knows. We can only hope or wish for something positive.
NL
Good words, 53chevy and prices....
...I am just waiting patiently like the rest of you (sorry I cannot PM so am unable to reply to the message I received this morning). I have no other info besides what has been delivered by the company in news releases. I am not happy about the delays either, but I am sure no one likes them - not Marty or any other party to this venture. In time, I expect we will see the fruit of our patience. JMHO.
NL
Note that the Ibox is updated and has updated board rules as well. Personal attacks and derogatory comments towards other posters will be deleted.
NorthLion
Not much volume here. Large spread: Bid 20.5 Ask .69.
We need some positive news to create interest.
NL
WellTek/MedX Group Completes Major Reorganization
Initiates Trading on the Over-The-Counter Bulletin Board Under Ticker Symbol “WTKN”
[There was a news release issued about this, but it had incorrect information in it so a correction note was issued by Welltek since - it concluded: If you have questions or require more information on WellTek, please contact Elite at 407-585-1080 or via email at WTKN@efcg.net.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. The Company also owns and operates lime Fitness, Inc., a high-end fitness and exercise studio specializing in lifestyle fitness coaching designed to facilitate life, image and mind enrichment. For more information on the Company, please visit www.WellTekinc.com.
Yes, that Pharmacity document is pretty complicated, and I was looking at it the other day and could not figure out which way it was working relative to the Nashville shares. Then the next thing I noticed was that the ticker had changed to NRCD on I-Hub. I did a Google search and discovered the news release put out by Gene.
So the shell in which former NSHV shareholders hold shares (if they still have them) no longer has anything to do with Welltek. It is back to Nashville Records (at least in name - the assets were stripped out so it is just an empty shell, to the best of my knowledge). The news release says it will be mostly dormant, so there is no new value here now, IMO.
NL
Dayneyus... it appears to me that the Welltek folks have chosen a different shell to use (Pharmacity) after their plans to use the Nashville Records shell didn't work out. The Nashville shell has returned to Gene.
LOL Chevy... the markets are very interesting places - you never know what will happen. Full of strange and interesting people and events. Sometimes it comes out in favour beyond what we even anticipated.
I wouldn't get carried away with the global warming, Berge... I remember last winter all too well! LOL
Morning, Chevy.... enjoying a nice day in the Canadian Midwest. Haven't had any snow to speak of yet; sunny and pleasant. Temps in the mid 50's(F) today!! Bonus!
NL
Nashville Records (NRCD) Discusses Recent Events
Due to a default in a reverse merger with WLTK in 2008, Nashville Records has rescinded the agreement with Welltek and the corporate shell has been returned to Nashville Records, Inc.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Nov 05, 2009 – A new symbol has been issued but the company will likely let the shell lay dormant while it searches for opportunities with potential companies for growth potential. The new symbol that has been issued is NRCD.
Both parties (Welltek and Nashville Records) have agreed to a “non-disparaging statements agreement” therefore the company will provide no further information on WLTK.
The Company feels the original NSHV investors and the corporation suffered much loss in the original NSHV deal and therefore is committed to finding the right company in which to facilitate a potential reverse merger but this could take time in searching and due diligence. The Company would like to assemble an advisory board made up of past key investors to discuss potential companies and opportunities on a monthly or possibly bi-monthly basis and will update investors as needed
To the investor who sent me a private message, I am on the cheapie plan... so you need to send me your email address for a private response. But I don't mind saying what I think publicly.
I think that we have MTRE is set-up with a great opportunity to generate great returns with a solid, profitable business. It is current on filings, has been carefully structured and continues to be shaped deliberately and methodically, albeit painfully slowly. Right now it is still the promise of value - not value realized - since the acquisitions have not yet taken place. That could change any day, and I expect that it will. Once that happens, it will be a new day for the company and the investors, IMO.
Meanwhile, whatever we think about the situation, there isn't much to do, unless you just can't wait anymore and you decide to sell. Everyone has to make their own decisions. I would see it as a shame to sell now after holding this long, only to see it come through in the next days or weeks - but, everyone has the right and obligation to choose their own path. For myself, I am not thinking of selling for a moment until it reaches the values I have been waiting for.
JMHO.
NorthLion
Delays have been par for the course here... no one likes delays. But, I will wait as long as it takes to get to where we should be.
JMHO.
NL
Hi Roo... Bee might be away as she was thinking of driving up to Connecticut this fall... not sure whether that is the case, but it is a possibility.
Hey Bee!! We miss you.
NL
Excellent info, Chevy... thanks for that.
NL
Has anyone called this week for a new OS number?
Right! I will leave St. George to you, Chevy! LOL
But I am thinking about a nice over-sized lot on the edge of the city where I can build a good-sized single-level house with a spacious lot around it. I'll hire you to come up and do the landscaping!
Thanks for keeping us up-to-date, Chevy.
I continue to wait patiently and will be there with you when we go to AMEX.
NL
Not sure if it was mentioned previously, but MTRE filed a Form D last week Thursday, Oct. 15th:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6840904
The content was covered in the 8-K on October 8th and relates to the financing through Global Arena Capital Corp.
NL
4K9P....
The OS dropped this week by 13,575,758 shares (from Oct 12 to 16th). That is a significant number of shares that were bought back by the Company. These shares are taken out of flippers hands, along with shares bought by "longer-term" shareholders. It seems to me that the "effective float" is being continually reduced. That is like a spring being wound tighter and tighter, which will eventually result in another surge of the SP. JMHO.
NorthLion
Good for you prices!! lol
We are all looking forward to the completion, along with Marty. We are all in it together - Marty has more at stake himself than any of us, I believe, so we really are moving forward together.
Most of us are getting the advantage of a ride someone else is working to bring to completion, on our behalf. That is why I don't begrudge Marty getting some extra shares out of the deal awhile ago when progress was made - he is the one making it happen!
JMHO
NL
It's been a tough road for Marty, but he sounds like someone who will rise to the challenge and work it through. He's been doing that here as well (on our behalf) through the worst economic times.
I did?? Wow... no, not Marty... pretty funny though. How's Marty doing?
I have to file whenever my percentage changes by 1% until I am below 5% of the OS. So you see that I can add some shares without filing, (or sell some, although I haven't done that). Note also that my percentage can change when the total OS changes; that happened earlier this year and put me in a situation where I had to file an update, even though my share holdings had hardly changed; just my percentage of the changed OS was different enough.
NL
LOL.... not to worry.... I will be willing to part with a few once the price gets right.... but I didn't spend this long collecting them to dump them. It is a long-term picture for me.
ML
Yup... I think we are on the verge of a very quick upswing in SP... with rooms for lots more growth to follow in the months ahead. JMHO. I am holding on.
NL
Good move, $oldier. I don't see many shares being sold off cheap anymore... maybe the sellers have been flushed out and it will be the long-term holders that will be rewarded.... seems like it should be that way anyways, to me.
NL
Step up, $oldier... I did last it week.
I don't think they will be coming to you any cheaper anymore. And it seems like it won't be long till they will be worth a lot more. JMHO.
NL
Hey $oldier.... still here with you. Waiting patiently, as you are. Still holding all (and a few more).
NL
Also ready.... and patiently waiting... there is little else to do. Still expectant on something good coming through....
Morning Bee, and all MTRE'ers....
Looks like things are progressing. Glad I have what I own.
Bee, check AOL.
NL
I emailed my brokerage house and they soon had my shares changed over from FREZ to BFTI. Now we just need to see some news or updated filings. The last 10Q that was issued was for Mar 31st, so June 30th should be along by now, I would have thought.
NL
Big trade today - 50,000 at .004.
NL
Hi Starnes.... (and Andy)
The spin-off happened on October 21, 2008 (at least that is the day I got the free shares in my accounts). It really was a gift, and I am looking forward to seeing this one start to trade soon and to see where the business plan will take us.
Initially the owners referred to this company as LHCI, but when they went for the approvals for listing, etc, the ticker they got was LFHE, so we can expect that it will remain that way, I believe. The company may still refer to itself as LHCI (or LHC in filings), but that is not the trading symbol (just as they still refer to Market and Research Corp as MKRC in news releases or as MRC in filings, but its actual trading symbol is MTRE).
NL
Last I heard a few weeks ago is that there is still something being worked on - delays in working out the details, but still active. WCHG is admittedly not the priority, with MTRE and LFHE taking most of the available energy, but it appears to still be a live item.
NL
Breaking News
Cobra Oil & Gas Co.: Rated ‘Speculative Buy,' Target Price $2.91 by Beacon Equity Research
09:00 EDT Tuesday, August 18, 2009
DALLAS (Business Wire) -- Cobra Oil & Gas Co. (OTCBB: CGCA), www.cobraoilgas.com, has been rated Speculative Buy with a price target of $2.91 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com
Anyone interested in receiving alerts regarding CGCA research should e-mail members@beaconequity.com with “CGCA” in the subject line.
In the report, the analyst writes, “CGCA has purchased a 40% contract right in the Utah Oil Sands Project in Uintah County, Utah. The leases cover 33,632 acres and approximately 15% of the P.R. Spring deposit.
“Based on prospective reserves estimates, we conservatively estimate CGCA reserves at 1.0 billion barrels of heavy oil, representing a gross value of $65 billion at current oil prices. Steam stimulation technologies should be able to recover approximately 20%-50% of the original oil in place. For our valuation case, we estimate recoverable reserves of 300 million barrels and representing a gross value of $21 billion. The Company's $76 million market capitalization is tiny compared to our gross reserves value estimates.”
BeaconEquity Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor; nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity is a Web site wholly owned by BlueWave Advisors, which has been compensated six thousand five hundred dollars directly from CGCA as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. The report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures. CRD# 2207572