New Century Energy Corp (fka NCRE)

[Flatsixer]

NCEY won't go near subpenny, Banks.

NCEY has a revenue stream in place and their operations seem sound IMO.

LaurusMF isn't a pleasant lender to do business with for anyone. I've got a lot of experience with companies who get into a lousy position with LMF even if they're financially liquid. Laurus can press and work any company over good but they often are very open to negotiating an agreement to cure a default. The granted nature of that financial beast, nothing more nor less.

My bet is that the filing of the default notice against NCEY certainly has created a buy opportunity for many...uhhhm...how can I put this delicately..."friends of Laurus". If you catch my drift.

This is just my opinion but I specialize in BK plays and I really jump on quality smallcaps struggling with lenders who have a history of being heavy handed.

Let the dust settle a bit here and let's see if NCEY puts out any "defensive PR" in order to calm the shareholders down and give some positive forward guidance. To that end I've emailed a few in the company suggesting that they make a statement in reply to the Laurus material event. I suggest everyone here do the same.

BTW...I'm not an NCEY holder at the current moment nor have I been for weeks. I'd say that my opinion is more objective than most right now.

All IMO...good luck to the longs and the traders!

Flatsixer