Replies to post #7984 on New Century Energy Corp (fka NCRE)

[OptionMonster]

you forgot this part..

The Company is actively seeking alternative financing and is currently in ongoing discussions with Laurus regarding the entry into a separate forbearance agreement (the "Forbearance Agreement") pursuant to which the Company plans to seek to stay Laurus' enforcement of the defaults and provide the Company sufficient additional time (approximately sixty (60) additional days from the end of the Forbearance Period) to either (a) refinance amounts due to Laurus; or
(b) restructure its currently outstanding liabilities with Laurus through the entry into new notes with Laurus. The Company is also in discussions with various third parties regarding alternative financing for the Company.

[Flatsixer]

skunksyard...They can say this...

They can give a recitation of the business plan objectives and recent successes. They can quote any financial figures they want to that will validate the company's liquidity. They can restate/mention recent financial figures or highlight figures from the 10Q.

I don't expect them to comment further on LMF nor give opinion nor direct response because they are in negotiation. It is the responsible reply to the share holders in order to assure them that NCEY is in a position to negotiate an out that will protect the stockholders.

Otherwise, speculation will drive the price down. If they believe that they can continue as a going concern then the time to respond is now.

Just my opinion.

Flatsixer

[feinanddandy]

skunksyard, do you think Laurus wants the burden of a bankrupt Company that owes them a nice sum of money. It's in their best interest to work out an agreement and collect larger payments from the sale of product than to let it sit for two years in bankruptcy court not being able to collect a dime.

My opinion is that they will come to an agreement that works for both parties quickly and efficiently VERY soon.

GLTU