Replies to post #22631 on Itronics Inc (ITRO)

[SuperSquirrel]

Take a step back and look and what has happened and use some business logic. What we do know is that NIR was winning the lawsuit before the settlement and now gets about 9 million dollars worth of ITRO shares in some mystery formula. These need to be included into the market cap (12 million?). The old convertible notes are canceled. However, why would the new arrangement be kept secret except that Dr Whitney asked for that little favor because he knows the details are not good for shareholders and NIR conceded on this minor point because they want to get their money and the stock price does not matter to them? If it was good news NIR would want the details published to drive the stock price up as they would be the largest shareholder (if they were just holding all their shares like holders of common stock). NIR was winning the lawsuit so why would they settle for anything less than they were getting before?

Remember, Dr. Whitney has never told shareholders in the past whenever bad news was going to hit. Like the surprise RS? Why could the massive RS not have waited until after the lawsuit was finalized and then do the RS to the new NIR shares? Then there is ITRO failing to keep SEC reporting so now they can do PP's to keep going without reporting them?

If Dr Whitney starts some serious buying of Itronics common shares with his own money, then the market might take notice. JMHO

BTW What is Dr Whitney's pay and benefits?

I like the technology but I do not trust Dr Whitney or NIR.

[suninthefun]

Expunged means erased dude. You are trying too hard and making yourself look foolish.

You really do not expunge business contracts, especially with a SEC reporting company. The SEC requires disclosure and the SEC would NEVER allow you to erase a contract. If we were to believe your use of expunge then itronics would have to go back and amend each and every 10Q and 10K for the past 5 years to make those adjustments.

If the notes were cancelled then NIR would not be able to convert into shares. The court agreement FILED in NY court says that itronics is going to pay NIR in shares.