InvestorsHub Logo
Post# of 7197
Next 10
Followers 56
Posts 1216
Boards Moderated 0
Alias Born 08/11/2010

Re: Nikodemos post# 3375

Monday, 01/24/2011 7:30:04 PM

Monday, January 24, 2011 7:30:04 PM

Post# of 7197
This is an interesting situation regarding NIR.

http://www.prnewswire.com/news-releases/marathon-group-announces-deal-with-nir-group-llc-103617204.html

Marathon announced that it had made a deal with NIR for funding
of up to a million in credit, with an initial infusion to be done
immediately.

A quick look at the last financials filed by Marathon on Jan 17,
2011 for the Sept 30 ending of 2010 shows no reference to the
above article. Did the funding not go through, or did Marathon
just fail to mention the funding in its financial statements
for the period of concern.

A very interesting few days before the anouncement of the NIR
funding, the PPS began a run, going from a close of .0031 on the
8th of Sept of 2010 to a high of .0229 on the 22nd of Sept. The
following day of the anouncement of the NIR loan, the price went
from a open of .0178 to .0180 then to a close of .008. Seems
that several things happened here, the possibiity of insider
information being used in trading, and the effect of NIR's
toxicity at the announcement. The stock is currently trading
at about .004. Anyone wonder why HLNT wants to get away from
NIR? I think it is quite obvious.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.