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NSTLQ :
10:23 NSTLQ National Steel Corporation Class B 10/27/2011
Plan of Bankruptcy Effective. All shares have been cancelled. Deletion time: 10:21:06 **
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/27/2011&mkt_ctg=NON-OTCBB
NSTLQ creeping up a little at a time...*hmmmmmmmm!!!
National Steel Corporation is an integrated steel producer in the United States and is engaged in the manufacture and sale of a variety of flat-rolled carbon steel products, including hot-rolled, cold-rolled, galvanized, tin- and chrome-plated steels. The Company targets high-value-added applications of flat-rolled carbon steel for sale primarily to the automotive, construction and container markets. On March 6, 2002, National Steel and 41 of its domestic subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Company filed for protection under Chapter 11 in order to obtain the necessary time to stabilize its finances and to attempt to develop a plan of reorganization. On November 5, 2002, the Bankruptcy Court entered an order that extended the exclusive period within which only the debtor can file a plan of reorganization through April 7, 2003.
Bid/Size
0.00 / 0
Ask/Size
0.00 / 0
Price Open
0.00
Previous Close
0.0055
Day High
0.00
Day Low
0.00
52wk High/Date
0.0700 / 3/4/2010
52wk Low/Date
0.0002 / 12/15/2010
Beta
0.00
Market Capitalization
1.50M
Shares Outstanding
272.07M
Volatility Avg
6,860.21
Avg Vol(10 day)
27.58K
P/E Ratio
NM
EPS (TTM)
-6.79
Annualized Rate
-- / --
Yield
0.0%
Dividend Announcement
--
Ex-Date
--
Date of Record
--
Payable
0.00 - --
Payable Date
--
Last Trade as of 2/23/2011 9:42 AM ET
NSTLQ National Steel Corp vs. Peers
Peers
NSTLQ
National Steel Corp
358.3%?
X
United States Steel Corporation
-2.5%?
AKS
AK Steel Holding Corporation
-3.8%?
LTVCQ
LTV Corporation
-30.0%?
oh...i now RRRRRREAAAALY feel comfortable -- you in this one also
You bought burnt toast here and still a hold ... you must be a gambler LOL best of luck to us both... As you can see from this chart we aren't alone here..here is the link .. http://americanbulls.com/StockPage.asp?CompanyTicker=NSTLQ&MarketTicker=OTC&TYP=S
STRONG,,,, THE TREND IS OUR FRIEND AND THE TREND IS UP...WWWWWWWWEEEEEEEEEEEEEEEEEEE
im not sure on price all depends on what and how they handle the sell just a waiting game i supose
I'm STEEL a believer,,, You would think the pps would be at .0006 by now... The fact that we are holding in pennyland tells me that the trend is still our friend... Looking for .03 cents.. What do you think for a target price.. ????
Volume and price is picking up !!!! Looking like .03 cents could happen soon.. In a month or so this one could change your life.. WWWWEEEEEEEEEEEEEE
jammer bammer..
O'bama will bring the steel business back to Gary.... up 80 % putting up a wall to China steel all the steel stocks have been moving up... This one from .0001 to .02 not bad... WWWWWWWWWWWEEEEEEEEEEEEEEEE
NSTLQ
MID Ask Price Shares Date/Time
cNITE 0.017 5000 03/24/2010
cHDSN 12.00 200 03/03/2010
cETMM 12.00 200 03/18/2010
cDOMS 2000.00 5 03/08/2010
cPERT U 10/24/2008
Very close to 12 bucks... Really check level 2
In December, 2007 the (NSTLQ) NATIONAL STEEL CORP SqueezeTrigger Price was $0.00. If you had purchased NSTLQ, the trade would have gained 450.00% as of today's price of $0.01. If you had traded 10,000 shares, you would currently have a gain of $90.00.
added a few more yesterday ....WWWWWWWWWWWWWWEEEEEEEEEEEEEEE
.O21zZz R HITTING---->i'm in for a few!!!!=-))))***i LOVE Qzzzzzzzzz!!!!!
Strong this morning.. MOMO is on this one what would you say the high for this month will be ?? Like you said they aren't printing anymore shares.. If me and my brother keep buying we could get to 9 cents just with our money LOL I did the math so here we go..http://www.profitspi.com/stock-chart.aspx?id=NSTLQ
VOLUME is JAMMING!!!!!=))))))~~~*seatbelts required here imho!*
well one thing let's hope since it's a "Q"...=no more issuance of shares?,,,hmmmmmm
THIS IS LOOKING SWEET TO ME.. THEY SOMETIMES JUST RUN A STOCK TO A BUCK JUST FOR FUN.. I THINK THAT THIS IS ONE OF THOSE TIMES AND ONE OF THOSE STOCKS.. WWWWWEEEEEEEE http://www.profitspi.com/stock-chart.aspx?id=NSTLQ
I'm just trying to figure out why so many 'eyes' are on this one. dipped to .015 Friday and then ran to .034 before closing .02. 3 or 4 days in a row now it's had a significant run.
come on dude!~you know we can find someone if it's a clean shell...Ethanol play maybe?...=sugar for fuel????...or HEMP FOR FUEL????....hmmmmmmmm
>>BEE KEWL BUDD!!!!
oh great JimbO!!%#$*~..so this is NOT the sugar futures board?..///LOL!!!
I do. I've actually been lucky enough to have flipped it twice, on Thurs & Friday and now looking for a last "hoorah" on Monday, so I have a little riding on another pop.
There still seems to be some interest, irrespective of what the circumstances, as this is a great trading share. Ask is always thin and it can move 100% with only 600k shares traded...worth a play imo while these "Q's" are still popular.
I actually trade this just for the fun of it like others; STMC, STLK, KGRI (before they R/S), PHSL and PEDI. They're all crap companies but if you can use them, why not?! Accumulate at a certain price, wait for a pop, sell, wait for them to come down again, then rinse & repeat. Good entertainment imo and you can make a little money too.
I've actually had far more success in these than other "larger floaters" - that I hold on too long, only to see 50% erased and the chance of a another pop remote for a year or so.
jmoco (just my own "crazy" opinion)
Does anyone here actually hold this stock? Seems like everyone got out lol.
We are approaching 750k and with any luck may see 800k+ by EOD but nowhere near .10 or .15 like you mention
ahhh...makes sense. Learn something new everyday. Thanks Jim and LbDave for the intelligent conversation. Only here to make money, just as you are. I try to be honest as possible on here and glad that you have done the same.
NASSCO does not, has never, and never will file 6K's. They are part of General Dynamics which of course is a US company.
Foreign corps file 6K's and those filings you see were made by Companhia Siderurgica Nacional, which in English is National Steel Company of Brazil which trades as SID on the NYSE and it's ADR's are quoted on Pink OTC.
That's the third company name with National Steel in it that has been part of the confusion and mix up.
Pink OTC corrected their site this morning, I expect OTC BB will sooner or later and I suspect the OTC BB and SEC will wake up one of the days and bounce NSTLQ to the Pinks.
Question still remains, who the heck has been paying for the realtime L2 quotes at Pink OTC site and why?
My main point yesterday was to express that this still could run today which it did in the am. Heck, you could have still gotten in at open today at .031 and made a nice 50% profit. I don't marry any of these stocks and i never said i did. In fact, i even posted that many of the $12.00 next on the L2 crap was ludacris (see link for my post on this last night). My information to back this up were the buys and sells yesterday which shows that it most of the buying on Wednesday was above .03 for larger blocks than the sells which bought it back down at EOD. Also i mentioned that NSTLQ's 6K's span over 3-4 years and have not been "corrected" yet and none were posted under NASSCO's IR page, which to me seemed odd. You would think after 4 years this would have been corrected by now.
It all boils down to this: IHUB is not the only board out there. We are only a small % of the traders out there. You guys made it seem like this was going to tank straight out of the gates and no profits could be made off of it. The vast majority of traders outside of I-Hub probably still don't recognize the mix up. You gotta look at the big picture here....not once did i say to buy and hold this for $12 or anything close to that.
My post from last night:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47367211
That is the reason I stated they noticed a mistake (honest mistake). The ones pumping believed their DD supported their position, but it was taken to a level where the proper SEC filings were presented, and some (not naming you) that continued their pump to dump their positions. Given the correct DD from the "bashers" there was no way to post any positives.
Ever thought that just maybe they weren't bashing it at all!!!! They saw a mistake that had been made, and was posting to keep the vulnerable from buying the pump that was going on by many here. Just because someone post the truth doesn't make them bashers!!!!
Looks like both sides of this one was right. Took off out of the gates and followed with a massive tank. I made 33% off of it as i sold in the first hour....
Mr Bill just messing with you i dont care I dont have any
based on what? this company has spun off all of it's assets and is a shell - further it has 272M shares out.
Even at .02 cents thats a 5.4M market cap
I tend to like pink sheet companies with a small market cap -
for instance consider WDSL which has a market cap of $1,000
Now if someone told me that would go to $1 or even $100 I might believe them since there are only 201,000 shares out.
for this to go to $1 the company would need to have a market cap of $272,000,000.00
I just dont see that happening even if they come along and do some kind of merger.
Pretty clear DD that the 6K filings were for a different company-
The 2/1 FS for a different company. No BK called off. No big contract.
Just my opinion for what it is worth.
Now, convince me that by June/July this will be at $1.
What will be the catalyst to cause that?
yes Mr bill soon june july
Indeed - in yesterday at .03 but failed to sell on the runup yesterday to .06 cents
Last night JB clued all into the snafu with PS and OTCBB sites.
This AM hoped to just get out and get my money back but gappage pre market.
Got lucky and sold into the first 90 seconds at .06 cents and 10% at .052
Basically doubled my money on a really bad play.
Can't beat that.
Had I known what JB discovered after market close I would have never bought this stock
you still stand by your $1 prediction?
thats the nutshell here- pinksheets and otcbb had bad info shown in one way or another - filings/company info
seems this is in the process of being corrected or corrected.
this company went belly up in the early 200d's
it is a shell, i dont see any merger coming here any times soon
so where does this POS go from here I read big news was coming bought at the high og the day and it tanked saying the news was fake?
well finally FRT is such that i can see the morning open
NATIONAL STEEL CORP CL B - Nasdaq: NSTLQ
Time & Sales most recent next page
Rec. Time Action Price Volume
9:41:15 AM Trade 0.04 250000
9:41:09 AM Trade 0.0428 1000
9:39:13 AM Trade 0.035 10000
9:37:56 AM Trade 0.0375 10000
9:36:59 AM Trade 0.0375 25000
9:34:54 AM Trade 0.031 9000
9:34:51 AM Trade 0.039 15000
9:33:30 AM Trade 0.043 10000
9:33:28 AM Trade 0.03 15000
9:33:26 AM Trade 0.05 5000
9:33:21 AM Trade 0.052 35000
9:32:29 AM Trade 0.03 5000
9:31:40 AM Trade 0.03 19685
9:31:33 AM Trade 0.04 5000
9:31:31 AM Trade 0.043 5000
9:31:31 AM Trade 0.043 5500
9:31:29 AM Ask 0.043 5000
9:31:25 AM Trade 0.052 25100 <- I sold 1100 @ .052
9:31:21 AM Trade 0.05 16000
9:31:20 AM Trade 0.06 10000 <- I sold 10K @ .06
9:31:19 AM Trade 0.06 5000
9:30:56 AM Trade 0.05 3000
9:30:53 AM Trade 0.05 2000
9:30:39 AM Trade 0.043 3725
9:30:28 AM Ask 12 200
9:30:16 AM Ask 0.043 5000
9:30:12 AM Trade 0.04 8000
9:30:12 AM Trade 0.04 5100
based on what info, info please?
I think this will be huge soon!!!! imo
Followers
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8
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Posters
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Posts (Today)
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Posts (Total)
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528
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Created
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09/06/07
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Type
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Free
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Moderators |
NSTLQ.OB — National Steel Corp - This record represents the public shell of National Steel Corporation. Prior to May 2003, the company operated as an integrated steel producer in the United States and engaged in the manufacture and sale of various flat rolled carbon steel products, including hot-rolled; cold-rolled; galvanized; tin; and chrome plated steels. The company’s flat rolled carbon steel was sold primarily to the automotive, construction, pipe and tube, service centers, and container markets. In May 2003, the company completed the sale of substantially all of its principal steelmaking and finishing assets, and iron ore pellet operations to United States Steel Corporation for an aggregate purchase price of approximately $1.05 billion.
Company Notes
Note=3-02 company & 41 of its domestic subsidiaries filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division. Company is in process of preparing a Plan of Liquidation
Security Notes
Latest Addt'l Issue=1-95 6,000,000 shs at $16 by J.P. Morgan Securities, Inc et al.
PER 2003 10Q -- The number of shares outstanding of the Registrant’s Common Stock $.01 par value, as of August 1, 2003, was
41,288,240 shares, consisting of
22,100,000 shares of Class A Common Stock and
19,188,240 shares of Class B Common Stock.
=============2007 PPS VALUATION $16.32 ???==================
$15,070,000 / 923,628 = $16.32 pps
Key developments
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