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janice, Don't forget ecn trading which allows most all stocks to trade extended hours. Who trades ecn shares hedge funds, mm's, brokers, insiders and a few professional traders. If you don't believe try google and find out.
extra, You sound like a sore loser. Try to be more positive. Why don't you buy and make some money on the run to over .01?
DonLeopoldo, Very good post. I think it will spike to .02/.04 and with no dilution it will stay about .01 untill good news. Will sell some at .01 to get some profit and free shares. All will be sold at about .02.
NeVaMindinG, We have had discussion on the board for the last three months about ecn trading. Rhubarb has been reporting the ecn trading every two or three days and we have compared it to the reported daily trading. Some days the trading including the ecn would be 5 times more Than the stated. The only way you can get the ecn trading is to get it from someone that has close friends at a brokerage or mm. What most people do not realize that all stocks trade extended hrs. and the volume is never reported. I am the type of guy that sees a robber behind every tree and ecn trading is a very large tree. The large amount of ecn trading in NVMG came from someplace. The people that trade ecn are hedge funds, mm's, brokerages, insiders and a few profesional traders. Take your pick i do not think it was insiders trading. My point was if they got togather they could harm us very easy. You need to google and do some research. Let me know what you find since i am also on a learning curve. I think you may be shocked to find what is possible. I am in a 12 hr. different time zone and off to bed.
dart1961, Why would you say share structure is more than stated? There has been a lot of ECN trading over the last 3 or 4 months but they have a stated buy back which could be the reason. The ta has been contacted and float remains the same. They did a 20 for 1 forward in 2006 which would tend to cover nss by the mm's. I know there has to be a reason for the pps slide but do not think that it is the co. diluting. Again just asking for your reason. Just found the board and looks good.
Rhubarb, No ECN Trading for the three days shown. Sure different than 2 or 3 weeks ago. My guess is the share buy back may be finished or it has at least stopped. If i have time i will go back and total all ecn that we have records on. Maybe someone has already done so. I have tried to get ecn discussions going on other stocks that i own with very little success. Leads me to believe that there are very few people on the boards that understand it and knows what it is telling us. I seen one report by the SEC that said 40% of all volume was ecn trading in the year 2002. That 40% is volume that we never see. My fear is that a crocked hedge fund along with an mm and ta could destroy any stock that they would target even NVGM if they got all the right ducks in a row. The NSS thing is evil and a very easy way for crooks to make easy money.
mikesharen, Thanks for your reply.
mikesharen, Could you please explain the process to me. I have the CB with Etrade. Do I have to request a cert from Etrade and then i have to send that cert to the ta? I have 13240 units which is the result of 13.240 mil. shares that was converted. How much would i have to pay and how many common shares would i receive? Many thanks for the reply. I have a request in to the IR but he has been slow to answer
jabberstox, I agree. I will be buying more as powder becomes available.
surfkast, Give you two guesses as to what the ecn trading was telling us. Some days 5 times the published volume numbers.
doinit, 3.45 mil. for me.
dumb indain, Did you say you have shares in this company? Everything you say is negative
stervc, If they buy back 360 mil. from the open market that will be almost the whole float as stated is 362 mil. Believe they would also start soon while price is still low. They have raised a lot of money and can aford to buy. That is great news.
Trueheart, Some bashers have made calls and have hurt some relationships that the co. had spent money and time to make even claiming to be someone they were not. They were using info from pr's and pevious articles. They were harming the the company and not helping shareholder value. A pinksheet co. does not have to release info until it is ready or the righy time to do so. It is my opinion no good news until the expanded buy back is complete. That will raise shareholder value and is good for the co. overall. But you knew that already. Why not try to post in a more positive manner.
earthperson, I would rather think that Sib would leave 100000 shares in the float and announce a tender price of $2.00 per share. I don't see much support for shorty, hedge funds and mm's on these boards that are in the nss selling. Just my 2 cents.
pennyvestor, What does that have to do with GBDX? If we had an investor that started to buy 100 mil shares our pps will go up by leaps and bounds. Try to take a positive approach.
Noura, Thanks for that bit of information. That should speed the process up a bit.I am not a big shareholder but am adding as more dry powder becomes available.
kruy, You can be sure of the fact that i will ask for more than just my money back. As i stated i got most of my BCIT in Dec. 2005. I would think that the 2 years would start at that time with Etrade.
moneymogul2b, Some may say that the are slow to execute. I say they are only half fast. This is a sub penny pinksheet co. that are still in development stage. The shell well when reworked will be a gusher with new tech. If you are looking for a blue chip pay the price. Not jumping on you too hard just try not to be so negative in your approach. About the gusher comment that is in my opinion. Best of luck.
Rubarb, It has been very slow on the ECN trades for the last 3 days. Not any to speak of. Wish that we could understand more on what it means. Thanks for the data.
Noyra, Sib does not need even to consider the nss shares. They are the responsibility of who sold them. If Sib buys back all shares except 100000 and the tender price is .25 his cost is only $25,000. If the tender price is $1.00 his cost is $100,000. Don't know many people that like nss sellers. Maybe it is there turn to get punished. Just my 2 cents.
robsaia, Some people like me also believe that Sib has almost all the float and there is a likely chance of a massive short condition. Could there be a cover before the tender or could Sib set a high tender cost and let the shorts pay the price.
kruy, I do not think that Etrade would simply ignore shares that i bought and paid for. It would be determinal to their business plan. They would probably try to just return my money and say it was never a legal trade or something to that effect. I see that more likely to happen. Just in case may request my certs by the first of Aug. Most of my shares were purchased in Dec. of 2005. Thanks.
kruy, Please explain why only a few will get paid, Are you saying Etrade won't pay me what the shares are selling for.
fragglestock, They have a parts distribution center in Melborn or did have in 2000 when i retired. What are your thoughts on wnsh? I still need to do more dd before using too much dry powder.
AmericanDSSS, What we have here is a real co. with good management with great assets. The pinksheets are not bad for a developing co. like this. The pps will come with profits. One reason the price does not need to be 2 cents yet is that some folks like me needs more shares.
fragglestock, It is 6:30pm where i am at in Singapore. will pick up about 2 mil. shares on Monday and will increase as dry powder arrives.
Rhubarb, It looks to me like we have more complainers than real investors. It has been established to my satisfaction that we have a real company with good managment with valuable assets. There can be very valid reasons for the timing delays from material shortage to skilled personal. It takes some very skilled persons to operate a drill rig.
Also a pink sheet co. does not have to report much until they are ready. I'm very sure if they are going to expand there buy back program they want to get more shares for the money they spend. I am also still accumulating shares to fill my boat and want to get a low price.
Just my 2 cents but i think no news until the buy back is finished. After the jv's and company structure is completed we can look for audited financils and fully reporting and moving to higher exchange. There are good reasons for being on the pinksheets for developing companies. The shareholders can be happy with this if we know the co. is honest.
Right now i am happy with the co. and still looking for cheap shares. The share price will be there when we have 2000 bpd production. Now i am in trouble since i can not spell check. Do not believe it if some one tells you your spelling ability increases with age.
skinny1967, Will try to get some on Mon. for .0001. If that happens will buy more till the door closes. Not sure yet as to how high i will go. Good luck.
skinny1967, I made $50k on PAIM on the 90% convertible debenture. You need to wait until you are sure the 95% buy back is over and buy under .001 or any price that you are comfortable with. I would expect it to go over .01. The os after the debenture was still about 3 bil. and it is or will be under .5 bil. this time. If ratio is the same could go to .03 to .05 this time around. I sold too soon last time and left over $200k on the table.
Rhu, You got mail
Rhubarb,You are up early to have been up so late. I may have to become a paying member to have pm privaleges. I will do that when we reach .05 pps. Have to buy more shares first.
Rhubarb, Any updates on the ecn trading. It means something just can't explain what yet.
humbolt111502, Thanks for your very good dd.
Should have checked the calender before opening mouth and inserting foot. So we will try to buy for .0001 on the 23 which is monday.
DonLeopoldo, Why do you say that? I plan to have a buy order in at .0001 and hope that it fills.
karim50, How many shares do you have certs for? I have between 200/400 mil. and about 4 mil. CIM.
davidam, I don't have the ability either but maybe someone on the board does. You must have a very goog relationship with an mm or broaker. But I am sure you know the mm has complete control over the pps on a short to medium time line. If they so desire they could shake the bushes all the way down to .003 for 1 to 2 days and scare a lot of people out of their shares. What these people do is not legal or moral to cheat or scare selling. NSS is not a trading strategy it is a crime.
In addition to my previous post The Pinksheets shows a float of only 130 milliom shares in late 2006. It is my opinion that we could have that many shares owned by the top 50/75 longs on this board. Let me ask a question? If SIB did retire the entire float except 1000 shares what would the tender price per share be. Sib is now in control. Just my 2 cents and yes I do read Willy.
daviddam, There has been a ton of accumulation. SIB has finished the merger and now controls the company and can retire all the float to the company and set the tender price at his discression. Don't know how legal it is but he could buy more than the float and cause a real squeeze. Hope they have good lawyers and do not screw things up. There is a lot of potential here and I still do not have enough shares. The time is getting short. Just my 2 cents. Its all good. One other thing we have not even considered ECN trading. If the heggies are selling nss shares they normally use Ecn trading accounts. SIB could also be using ecn trading. Do you have the ability to get the ecn trading volume? In many cases it is more than the counter volume.