Bio-Tracking/ Nord Oil International Inc. Provides Corporate Update 10:00 a.m. 08/18/2005 Provided By PrimeZone MONTREAL, Aug 18, 2005 (PRIMEZONE via COMTEX) -- Bio-Tracking Security Inc./ Nord Oil International Inc. (Pink Sheets:BTSI) released a corporate update today, further to the numerous telephone and e-mail inquiries received by stockholders and investors. Status of the Acquisition of Nord Oil The acquisition of Nord Oil was concluded and announced on June 23, 2005. The transaction consists of the acquisition of 100% of Nord Oil and all subsidiaries, including but not limited to the oil option rights on the samara properties licenses of Yemelyanov and Khelbnov, which have a total of 15 million barrels in proven reserves and 33 million in probable reserves, and where such acquisition will be done on a share exchange basis. BTSI will issue a total of 180 million shares post a reverse stock split of 1 for 12. BTSI currently has 342 million shares outstanding, which will result in approximately 28.5 million shares post reverse stock split and once the shares issued for the acquisition as well as the finders fee, Nord Oil International will have a total of approximately 216 million shares outstanding. The transaction and the shares are deemed to have been concluded and issued, where the company will now proceed to file the required 14c form with the Securities and Exchange Commission to perform the reverse stock split of 1 for 12, change the name from Bio-Tracking Security Inc. to Nord Oil International Inc. and change the ticker symbol. Bio-Tracking/ Nord Oil International Inc. is currently concluding the consolidated financial statements with RSM Top-Audit of Moscow, Russia, and will be filing any and all required financials and or information required by the Securities and Exchange Commission and the NASD in order to be current and reinstated to the OTCBB, or if requirement can be met, the company will request to trade on the AMEX or NASDAQ SCM. The company announced on June 24, 2005 that it was planning to have its corporate website available with any and all information on the company and its properties by middle of August. However, even though the corporate website's URL is available www.nordoil.com, management have not been able to launch the website as planned due to the amount of technical translation required from Russian to English. The company's new objective is to complete all required filings and launch its corporate website by or before October 1, 2005. Posted by madmoney on :
15 million in proven reserves equals 975 million dollars! ( @ 65 a barrel) thats about 4.5 bucks a share post split or .37 pre split! is that right?
Posted by bond006 on :
thank you mr amoyt it is nice that he listens to investors said he was going to try to communicate better and the next day a pr on what he is doing glta
Posted by bowlegtroy on :
So, is the R/S already completed?
I don't see the calc where you get .37 pre split.
Currently (pre-split): 342 million shares O/S = 975/342 = 2.85 pps
Post Split: 216 Million shares O/S = 975/216 = 3.51 pps
Current pps = .02
So, qq still remains: Is the rs completed?
Posted by bond006 on :
to my under standing no has been applied for and about 20 days will be complete
Posted by stockvaper on :
I calculate post R/S at near 4.00/share for proven reserves. ($ 975 million divided by 216 million Nord shares and 28.5 million BTSI shares; or about 244 million post R/S shares). But remember that's gross revenue generated over several years. Still that's an awesome amount of income for the price of these shares.
Posted by bowlegtroy on :
And If I see this correctly, it's a bad buy presplit in this case becuase there is massive dilution happening (180 million shares)?
What pps would be a good buy op at this point? After the split?
Posted by stockvaper on :
MM 'shake' under way. Posted by bond006 on :
bowle i think pre split is anyway thats the direction i took
Posted by hotpicks on :
I would wait till r/s to buy
Posted by stockvaper on :
No volume. Posted by hotpicks on :
News isnt that good. Most people in this are long term and the date just went from Aug - Sept to Oct.
Plus a r/s is scary to investors no matter what.
Posted by subbywrx on :
1 for 12 reverse split
Posted by corndo on :
I for one am long. Disappointed with the Oct. 1 date, but with the PROVEN oil fields... I can wait. I went into this one knowing I was going to hold for a year at least, so I'm not too jazzed up over a month.
Posted by bond006 on :
SCHEDULE 14C INFORMATION Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
Check the appropriate box: / X / Preliminary Information Statement / / Definitive Information Statement
BIO-TRACKING SECURITY SYSTEMS INC. (Name of Registrant As Specified In Charter)
Not Applicable (Name of Person(s) Filing the Information Statement if other than Registrant)
Payment of Filing Fee (Check the appropriate box): / X / No fee required. / / Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction applies:
Common Stock, no par value
2) Aggregate number of securities to which transaction applies:
342,865,401 shares of Common Stock
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11:
4) Proposed maximum aggregate value of transaction:
/__/ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed:
This notice and information statement (the "Information Statement") was mailed on or about August 29, 2005 to the stockholders of record, as of August 18, 2005, of BIO-TRACKING SECURITY SYSTEMS INC., a Florida corporation (the "Company") pursuant to Section 14(c) of the Exchange Act of 1934, as amended. This Information Statement is circulated to advise the shareholders of action already approved by written consent of the shareholders who collectively hold a majority of the voting power of our capital stock and shall serve as our Annual Meeting. Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the proposals will not be effective until 20 days after the date this Information Statement is mailed to the shareholders. Therefore, this Information Statement is being sent to you for informational purposes only.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
The actions to be effective twenty days after the mailing of this Information Statement are as follows:
(1) Our Articles of Incorporation was amended to change our name to Nord Oil International Inc.; and
(2) We effected a 1-for-12 reverse stock split of our issued and outstanding Common Stock.
Attached hereto for your review is an Information Statement relating to the above-described actions.
Please read this notice carefully. It describes the essential terms of the reverse stock split and contains certain information concerning the reverse stock split. Additional information about the Company is contained in its periodic reports filed on periodic and current reports filed with the United States Securities and Exchange Commission (the "Commission"). These reports, their accompanying exhibits and other documents filed with the Commission may be inspected without charge at the Public Reference Section of the Commission at Judiciary Plaza, 450 Fifth Street, N.W., Washington, DC 20549. Copies of such material may also be obtained from the Commission at prescribed rates. The Commission also maintains a Web site that contains reports, proxy and information statements and other information regarding public companies that file reports with the Commission. Copies of these reports may be obtained from the Commission's EDGAR archives at http://www.sec.gov/index.htm.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
By Order of the Board of Directors,
/s/ Jean-Francois Amyot Jean-Francois Amyot Chairman of the Board of Directors
NOTICE IS HEREBY GIVEN that the following action was taken pursuant to a Written Consent of the Majority Stockholders of the Company:
(1) Our Articles of Incorporation was amended to change our name to Nord Oil International, Inc.; and
(2) We effected a 1-for-12 reverse stock split of our issued and outstanding Common Stock.
The Board of Directors has fixed the close of business on August 29, 2005, as the Record Date for determining the Stockholders entitled to Notice of the foregoing.
The Company has asked brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of the Common Stock held of record by such persons and will reimburse such persons for out-of-pocket expenses incurred in forwarding such material.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
Shareholders of record at the close of business on August 18, 2005, the Record Date, are entitled to notice of the action to be effective on or about September 19, 2005. Each share of our common stock entitles its holder to one vote on each matter submitted to the shareholders. However, because the shareholders holding at least a majority of the voting rights of all outstanding shares of capital stock as of the Record Date have voted in favor of the foregoing actions by resolution; and having sufficient voting power to approve such proposals through their ownership of the capital stock, no other consents will be solicited in connection with this Information Statement.
The elimination of the need for a meeting of stockholders to approve this action is made possible by Section 607.0704 of the Florida Business Corporation Act which provides that the written consent of the holders of outstanding shares of voting capital stock, having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted, may be substituted for such a meeting. In order to eliminate the costs involved in holding a special meeting of our stockholders, our Board of Directors voted to utilize the written consent of the holders of a majority in interest of our voting securities. This Information Statement is circulated to advise the shareholders of action already approved by written consent of the shareholders who collectively hold a majority of the voting power of our capital stock and shall serve as our Annual Meeting.
Bio-Tracking Security Systems, Inc. is authorized to issue 530,000,000 shares of capital, consisting of 342,865,401 shares of common stock, $.001 par value per share and 30,000,000 shares of Preferred Stock, $0.001 par value share, of which none are issued and outstanding.
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A “SAFE HARBOR” FOR FORWARD LOOKING STATEMENTS. This Information Statement contains statements that are not historical facts. These statements are called “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve important known and unknown risks, uncertainties and other factors and can be identified by phrases using “estimate,”“anticipate,”“believe,”“project,”“expect,”“intend,”“predict,”“potential,”“future,”“may,”“should” and similar expressions or words. Our future results, performance or achievements may differ materially from the results, performance or achievements discussed in the forward-looking statements. There are numerous factors that could cause actual results to differ materially from the results discussed in forward-looking statements, including:
· Changes in relationships with major customers and/or suppliers: an adverse change in our relationships with major customers and/or suppliers would have a negative impact on our earnings and financial position.
· Armed conflicts and other military actions: the considerable political and economic uncertainties resulting from these events, could adversely affect our order intake and sales, particularly in the limousine market.
· Factors that we have discussed in previous public reports and other documents filed with the Securities and Exchange Commission.
This list provides examples of factors that could affect the results described by forward-looking statements contained in this Information Statement. However, this list is not intended to be exhaustive; many other factors could impact our business and it is impossible to predict with any accuracy which factors could result in which negative impacts. Although we believe that the forward-looking statements contained in this Information Statement are reasonable, we cannot provide you with any guarantee that the anticipated results will be achieved. All forward-looking statements in this Information Statement are expressly qualified in their entirety by the cautionary statements contained in this section and you are cautioned not to place undue reliance on the forward-looking statements contained in this Information Statement. In addition to the risks listed above, other risks may arise in the future, and we disclaim any obligation to update information contained in any forward-looking statement.
CURRENT INFORMATION REGARDING THE COMPANY
The following is a description of the current operations of the Company
THE COMPANY
History and Development of Bio-Tracking Security Systems, Inc.
Bio-Tracking security Inc. of Montreal, Quebec, designs and manufactures vehicle and asset tracking and security systems, based on patent pending, Inertial Navigation, Biometric Fingerprint Identification and Spread Spectrum Communication technologies.
The Bio Tracking Security’s proprietary technology precisely determines if a person is an authorized user of a vehicle or any other piece of equipment protected by Bio-Tracking. Our proprietary Biometric Fingerprint ID is a technology unmatched and amazingly reliable.
The Company has a new product and service offering in the field of vehicle security, which, once installed, becomes a platform for new in-vehicle information, communication and entertainment products. In addition to effective theft prevention, this platform demonstrates measurable value for the vehicle owner, driver, dealership, manufacturer, insurance company and law enforcement agency. The device when combined with a programmable computer and a biometric identification system, wireless interconnection methods and inertial tracking technology, provides such features as driver privilege control, remote shutdown and unlock, and tracking under the most extreme circumstances. The antitheft system, which has already been prototyped and field tested, far exceeds the industry’s current standard features, effectiveness, and overall value. The next generation system can offer two-way messaging and remote diagnostics.
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Share Exchange Agreement.
AMEND THE ARTICLES OF INCORPORATION TO CHANGE OF NAME OF THE COMPANY
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Share Exchange Agreement. One condition to the Shares Exchange Agreement was a s follows:
Section 7.07. Board and Shareholder Approval. (a) Prior to the Closing, Bio-Tracking shall obtain the approval of its Board of Directors of this Agreement and the transactions contemplated hereby.
(b) Bio-Tracking shall cause an Information Statement on Schedule 14C to be filed with the SEC and mailed to its shareholders of record disclosing that Bio-Tracking has entered into this Agreement and also the transactions contemplated hereby. Such Information Statement shall also provide that Bio-Tracking intends to change its name to “Nord Oil International Inc.”, along with any other action of which Bio-Tracking requires shareholder approval in order to close this Agreement in accordance with the terms hereof. Shareholders of Bio-Tracking holding at least a majority of Bio-Tracking’s issued and outstanding shares of common stock, as of the record date, shall approve of this Agreement and the transactions contemplated hereby either by proxy or written consent.
Accordingly, we are fulfilling our contractual obligation pursuant to the Share Exchange Agreement by changing our name to Nord Oil International, Inc.
This action has been approved by the Board and the written consents of the holders of the majority of the outstanding voting capital stock of the Company.
REVERSE SPLIT
MATERIAL TERMS OF THE REVERSE SPLIT
The Board has unanimously adopted and shareholders holding a majority of the Common Stock have approved a resolution to effect a one-for-one twelve (1:12) reverse stock split (the "Reverse Split") of the Common Stock. The Board and such shareholders believe that the Reverse Split is in the Company's best interests, principally because it may increase the trading price of the Common Stock. An increase in the price of the Common Stock may, in turn, generate greater investor interest in the Common Stock, thereby enhancing the marketability of the Common Stock to the financial community. In addition, the resulting reduction in the number of issued and outstanding shares of Common Stock will provide the Company with additional authorized but unissued shares which could be utilized for future acquisitions or mergers or to otherwise carry out the Company's business objectives. Presently, our stock is trading on the “pink sheets” under the symbol of BTSI. On August 18, 2005, the closing price of our shares of common stock was $0.02.
The immediate effect of the Reverse Split will be to reduce the number of presently issued and outstanding shares of Common Stock from approximately 342,865,401 to approximately 28,572,117. Although the Reverse Split may increase the market price of the Common Stock, no such increase can be assured or calculated. The market price of the Common Stock may not rise in proportion to the reduction in the number of shares outstanding as a result of the Reverse Split, nor can there be any assurances that the Reverse Split will lead to a sustained increase in the market price of the Common Stock. The market price of the Common Stock may also change as a result of other unrelated factors, including the Company's operating performance and other factors related to its business as well as general market conditions.
Another potential benefit of the Reverse Split would be a substantial reduction in the transaction costs associated with trading in the Common Stock. In most cases, trading costs include both "brokers" trading commissions and the "indirect cost" of "dealer markup" - that is, the difference between the buying and selling prices of dealers in a given stock (the "bid-ask spread"). Further, the Board of Directors and the majority shareholders believe that the reduction in the number of shares of Common Stock outstanding, without any corresponding material alteration in the economic composition of the Company or the relative interests of the stockholders could enhance the public and institutional perception of the Company's Common Stock and thus generate investor interest.
The Reverse Split will affect all of the holders of the Company's Common Stock uniformly and will not affect any shareholder's percentage ownership interest in the Company or proportionate voting power, except for insignificant changes that will result from the rounding up of fractional shares.
The Reverse Split of the Common Stock is expected to become effective on or about August ___, 2005 (the "Effective Date"). Upon the Effective Date, the Company will notify the National Association of Securities Dealers, requesting that the split be made effective on the Effective Date. The Reverse Split will take place on the Effective Date without any action on the part of the holders of the Common Stock and without regard to current certificates representing shares of Common Stock being physically surrendered for certificates representing the number of shares of Common Stock each shareholder is entitled to receive as a result of the Reverse Split. New certificates of Common Stock will not be issued at this time.
No fractional shares will be issued in connection with the Reverse Split. Shareholders who would otherwise be entitled to receive fractional shares because they hold a number of shares of Common Stock that is not evenly divisible by 12 will have the number of new shares to which they are entitled rounded to the nearest whole number of shares. No shareholders will receive cash in lieu of fractional shares.
We do not have any provisions in our Articles, by laws, or employment or credit agreements to which we are party that have anti-takeover consequences. We do not currently have any plans to adopt anti-takeover provisions or enter into any arrangements or understandings that would have anti-takeover consequences. In certain circumstances, our management may issue additional shares to resist a third party takeover transaction, even if done at an above market premium and favored by a majority of independent shareholders.
The Company cannot predict whether the Reverse Split will increase the market price for the Common Stock. The history of similar stock split combinations for companies in like circumstances is varied. There can be no assurance that:
· the market price per share of the Common Stock after the Reverse Split will rise in proportion to the reduction in the number of shares of the Common Stock outstanding before the Reverse Split;
· will not adversely impact the market price of the Common Stock as a result of negative investor opinion;
· the Reverse Split will result in a per share price that will attract brokers and investors who do not trade in lower priced shares; and
· the Reverse Split will result in a per share price that will increase the Company's ability to attract and retain employees and other service providers.
The Company does not, at this time, have any specific plans, proposals or arrangements to issue any of the newly authorized shares of common stock for any purpose, including future acquisitions and/or financings.
FEDERAL INCOME TAX CONSEQUENCES
The following summary of material federal income tax consequences of the Reverse Split does not purport to be a complete discussion of all of the possible federal income tax consequences. Further, it does not address any state, local, foreign or other income tax consequences, nor does it address the tax consequences to shareholders that are subject to special tax rules, such as banks, insurance companies, regulated investment companies, personal holding companies, foreign entities, nonresident alien individuals, broker-dealers and tax-exempt entities. The discussion is based on the United States federal income tax laws as of the date of this Information Statement. Such laws are subject to change retroactively as well as prospectively. This summary also assumes that the shares of Common Stock are held as "capital assets," as defined in the Internal Revenue Code of 1986, as amended. The tax treatment of a shareholder may vary depending on the facts and circumstances of such shareholder.
EACH SHAREHOLDER IS URGED TO CONSULT WITH SUCH SHAREHOLDER'S TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES OF THE REVERSE SPLIT.
No gain or loss will be recognized by a shareholder as a result of the Reverse Split. The aggregate tax basis of the shares received in the Reverse Split will be the same as the shareholder's aggregate tax basis in the shares exchanged. The shareholder's holding period for the shares received in the Reverse Split will include the period during which the shareholder held the shares surrendered as a result of the Reverse Split. The Company's views regarding the tax consequences of the Reverse Split are not binding upon the Internal Revenue Service or the courts, and there is no assurance that the Internal Revenue Service or the courts would accept the positions expressed above. The state and local tax consequences of the Reverse Split may vary significantly as to each shareholder, depending on the state in which such shareholder resides.
DISSENTER'S RIGHTS OF APPRAISAL
The general corporation law of the State of Florida does not provide for dissenter's rights of appraisal in connection with the 12 to 1 reverse of shares of the Company's common stock.
If you have any questions about the actions described above, you may contact Joseph I. Emas, 1224 Washington Avenue, Miami Beach, Florida 33139. We are subject to the informational requirements of the Securities Exchange Act of 1934 and in accordance with the requirements thereof, file reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”). Copies of these reports, proxy statements and other information can be obtained at the SEC's public reference facilities at Judiciary Plaza, Room 1024, 450 Fifth Street, N.W., Washington, D.C., 20549. Additionally, these filings may be viewed at the SEC's website at http://www.sec.gov.
We filed our annual report for the fiscal year ended December 31, 2004 on Form 10-KSB with the SEC. A copy of the annual reports on Form 10-KSB (except for certain exhibits thereto), may be obtained, free of charge, upon written request by any shareholder to Joseph I. Emas, 1224 Washington Avenue, Miami Beach, Florida 33139. Copies of all exhibits to the annual reports on Form 10-KSB are available upon a similar request, subject to payment of a $.50 per page charge to reimburse us for expenses in supplying any exhibit.
Information Incorporated By Reference
The following documents are incorporated herein by reference and to be a part hereof from the date of filing of such documents:
Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004.
Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004.
The Company is in the process of preparing the quarterly filings for December 31, 2004, March 31, 2005 and June 30, 2005.
All documents filed by the Company with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Information Statement and prior to the effective date of the action taken described herein, including the Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Information Statement to the extent that a statement contained herein or in any other subsequently filed document that also is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Information Statement. This Information Statement incorporates, by reference, certain documents that are not presented herein or delivered herewith. Copies of any such documents, other than exhibits to such documents which are not specifically incorporated by reference herein, are available without charge to any person, including any shareholder, to whom this Information Statement is delivered, upon written or oral request to our Secretary at our address and telephone number set forth herein.
Distribution of Information Statement
The cost of distributing this Information Statement has been borne by us and certain shareholders that consented to the action taken herein. The distribution will be made by mail.
Under SEC rules, shareholders intending to present a proposal at the Annual Meeting in 2005/2006 and have it included in our proxy statement must submit the proposal in writing to the Company. We must receive the proposal no later than September 30, 2005.
Shareholders intending to present a proposal at the Annual Meeting in 2005/2006, but not to include the proposal in our proxy statement, must comply with the requirements set forth in Regulation 14a-8 of the Security Exchange Act of 1934, as amended (the "Exchange Act"). The Exchange Act requires, among other things, that a shareholder must submit a written notice of intent to present such a proposal that is received by our Secretary no less than 120 days prior to the anniversary of the first mailing of the Company's proxy statement for the immediately preceding year's annual meeting. Therefore, the Company must receive notice of such proposal for the Annual Meeting in 2005 no later than September 30, 2005. If the notice is after September 30, 2005, it will be considered untimely and we will not be required to present it at the Annual Meeting in 2005/2006. The Company reserves the right to reject, rule out of order, or take other appropriate action with respect to any proposal that does not comply with these and other applicable requirements.
Pursuant to the requirements of the Exchange Act of 1934, as amended, the Registrant has duly caused this Information Statement to be signed on its behalf by the undersigned hereunto authorized.
By Order of the Board of Directors
Posted by stockvaper on :
So far, the company has been doing everything promised....not necessarily on schedule, but completing their milestones nevertheless. GLTA. Posted by vctclemen on :
stockvaper are you going to hold, sell or sell half???
Posted by stockvaper on :
I'm holding all shares long. Oil is just going up and Nord is sitting on a huge reserve.
Posted by bond006 on :
look at the volume lately sure is nice to see over 1 million at this time
Posted by bond006 on :
over 2.5 million so far traded haven't seen this in a while people wanting to get in before 8/29/2005
Posted by bond006 on :
just over 3 million shares traded today glta great!!!!!!!!!!!!!!!!!
Posted by 2Create on :
Pre-Split -vs- Post Split PPS valuation...
I had posted this on RB about a month ago. It seems a few of your here are asking the same questions as we did. Also keep in mind I have been through this before with SPRL...And it was MUCH BETTER to have bought in Pre R/S-Split -vs- Post R/S Split...In that case too, the MM's tried to bring the PPS down during the weeks/days prior to effecting the split. So I am ready!...Bring it down!...I will be adding until September 19th! (The approx. post-split day of our new Symbol and name change as per the as per the 14c Filing) Now here is the copy of valuation below:
In terms of an accumulation point pre-split, the most 'modest' or conservative method would be to use the (when-issued O/S share count) of 216 million (times 12) to get a representation of share structure pre-split (thus would equal for math purposes) 2.592 billion. That said the proven and probable reserves of 48 Mbls of Oil @ $30/Bl = $ 1,444,000,000. (Lets Minus 80% discount to PPS for time of extraction and other factors) Then = @ 288,000,000. (Divided by the 2.592 billion 'as If-Issued" pre-split shares) Then we would value basic accumulation/value at $.12/share pre-split. HOWEVER, that said, every 1 million shares now will be 83,333, post-split. That given and the fact that there is ONLY 340,000,000. O/S right now gives us EXTRA leverage because there are NOT 2.592 billion O/S! In fact there is About 7 Times LESS then that right now O/S. So IF lets just say you purchased ALL 340,000,000. O/S pre-split...Then you would own 28,333,333. of the post-split 36 million public float (of 216 million total) O/S after split. This would cost you $ 6,800,000. @ .02 right now. Follow me here...THIS is why the shares are SO CHEAP Right Now: Conversely, using the same values as above, now take your same (Mrkt. cap) value as above of $ 288,000,000. Now (divide that by the post-split O/S shares of 216 million) It = $ 1.34/share.....Now HOW Many do you have? 28,333,333. Right!?... (Times the equivalent post-split valuation) of $1.34/share...How much is it Worth? $ 37,966,666.! Remember it ONLY Cost you $ 6,800,000.! The above example CLEARLY demonstrates that we have Significant Leverage pre-split as compared to buying post-split shares! NOT to mention that once we are post-split, shares will be harder/less available then now because of the fact that 180 mil. of the 216 Mil. O/S will be RESTRICTED! Gota like that! ;] by 2create
Posted by stockvaper on :
Thanks 2Create. Very informative for those trying to make a decision to buy Pre or Post R/S. (I've been accululating pre-split for much of the same reasons you mentioned). Posted by bond006 on :
yes thank you to create good dd well good morning all i hope we have another 3 million plus day if not more
Posted by DIGDOUGH on :
No volume today. I don't know how MMs could do squat with this volume. Posted by bond006 on :
good morning all lets all think action to day the word needs to get out on this i was refreshing my self with the dd on this and other posts and i really feel this will be a great money maker or as we use to say when we were kids a good earner
Posted by bond006 on :
look at the volume today over a million all ready
Posted by bond006 on :
i have looked all over for news but i guess the word is finally getting out
Posted by bond006 on :
shares must be hard to get people have been paying over asked for them food for thought
Posted by flyboy on :
Looks like this will go with very little buying pressure!
Posted by bond006 on :
come on now mr. amoyt give us great pr with lots of meat
Posted by bond006 on :
just over 1.8 milliom bid and asked has very little spread
Posted by bond006 on :
getting close to 2.5million go btsi go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by bond006 on :
yeah !!!!!!!!!!!!!!! over 3.2 million
Posted by bond006 on :
right now mm or investor you have to pay to get this
Posted by bond006 on :
word on r/b is buy'em while you can get'em news on the way
Posted by Thorn on :
We knew that two months ago! Posted by bond006 on :
3,386,269 shares traded today up 16.67% i think we are getting noticed Posted by bond006 on :
yes thorn we did and i hope all of us took the time to load up
Posted by bond006 on :
: iwannaride0 27 Aug 2005, 09:05 AM EDT Msg. 11866 of 11867 Jump to msg. # For you bashers, we know you're coming...
Clancy's Judgment Against Basher Upheld
Monday July 26, 12:19 pm ET
DENVER--(BUSINESS WIRE)--July 26, 2004--Clancy Systems International, Inc. (OTCBB:CLSI - News), a leading developer of parking enforcement solutions, was notified on Friday that it's judgment against a basher who had harassed the company for almost three years at various chat room sites, including Raging Bull, was upheld by the Massachusetts Supreme Court. The Company intends to pursue the judgment award.
In a case originally filed with the Superior Court of the Trial Court of the Commonwealth of Massachusetts in September of 2000, the Company sought the identities of John Does 1-10 and filed a claim for damages. This was done as a result of an ongoing barrage of false, defamatory and slanderous remarks about the Company, its officers, its employees and shareholders that were made on Raging Bull and other chat room sites. The persons who perpetrated these falsehoods did so by posting their remarks under alias identities. Once the true identities were disclosed, the individuals were notified to cease and desist their actions. One individual continued his activities which included profanities and death threats. As the postings by this individual did not cease, the Company pursued the case.
The Company was awarded a judgment against the defendant on October 31, 2001. The defendant then began a process of filing appeals through the Massachusetts Court System. The final appeal to the Massachusetts Supreme Court was filed in June 2004.
Throughout this lengthy process, the defendant never provided proof that he at any time owned shares of the Company. He never contacted the Company directly to verify information. It appears that this was a recreational activity. There were over 5,000 posts during the period, and on some days the posts were continual for 10 to 12 hours.
While the Company feels the verdict is just, Company officials expressed sadness that they were forced to take this matter to the courts in the first place. "It has been a terrible ordeal for the Company and its shareholders. We have spent a great deal of time on this matter and wasted valuable Company financial resources. While we understand that a forum like Raging Bull offers an opportunity for favorable and unfavorable comments about publicly held companies, this individual violated all terms of service and went beyond the acceptable rules for posting," stated L. Wolfson, a Company spokesperson.
This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Clancy Systems International, Inc. Stanley Wolfson, 303/753-0197 www.clancysystems.com
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Posted by kanalgeruch on :
amercianbulls is posting a buy recommendation following friday's action...seems like holding will be rewarded...dont see a much of a scenario for selling at this point anymore..as the news in regards to nordoil etc..should be out at any time...
Posted by bond006 on :
good morning fellow btsi investors let hope for more volume and another gain today
Posted by stockvaper on :
Sweeeeeet, up on low volume so far. Posted by bond006 on :
looks like we have the makin"s for another active day katrina my help as all oil stocks may go up
Posted by stockvaper on :
It's a good sign that it's headed North on low volume. Means hardly anyone is selling. GLTA Posted by bond006 on :
a little slow all over the board today
Posted by bond006 on :
here we go today lets see what happens
Posted by bond006 on :
btsi files form 14C
SCHEDULE 14C INFORMATION Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
Check the appropriate box: o Preliminary Information Statement
x Definitive Information Statement
BIO-TRACKING SECURITY SYSTEMS INC. (Name of Registrant As Specified In Charter)
Not Applicable (Name of Person(s) Filing the Information Statement if other than Registrant)
Payment of Filing Fee (Check the appropriate box):
x No fee required.
o Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction applies:
Common Stock, no par value
2) Aggregate number of securities to which transaction applies:
342,865,401 shares of Common Stock
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11:
4) Proposed maximum aggregate value of transaction:
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
INFORMATION STATEMENT PURSUANT TO SECTION 14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND REGULATION 14C AND SCHEDULE 14C THEREUNDER
-------------------------------------------------------------------------------- WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
This notice and information statement (the "Information Statement") was mailed on or about August 29, 2005 to the stockholders of record, as of August 29, 2005, of BIO-TRACKING SECURITY SYSTEMS INC., a Florida corporation (the "Company") pursuant to Section 14(c) of the Exchange Act of 1934, as amended. This Information Statement is circulated to advise the shareholders of action already approved by written consent of the shareholders who collectively hold a majority of the voting power of our capital stock and shall serve as our Annual Meeting. Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the proposals will not be effective until 20 days after the date this Information Statement is mailed to the shareholders. Therefore, this Information Statement is being sent to you for informational purposes only.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
The actions to be effective twenty days after the mailing of this Information Statement are as follows:
(1) Our Articles of Incorporation was amended to change our name to Nord Oil International Inc.; and
(2) We effected a 1-for-12 reverse stock split of our issued and outstanding Common Stock.
Attached hereto for your review is an Information Statement relating to the above-described actions.
Please read this notice carefully. It describes the essential terms of the reverse stock split and contains certain information concerning the reverse stock split. Additional information about the Company is contained in its periodic reports filed on periodic and current reports filed with the United States Securities and Exchange Commission (the "Commission"). These reports, their accompanying exhibits and other documents filed with the Commission may be inspected without charge at the Public Reference Section of the Commission at Judiciary Plaza, 450 Fifth Street, N.W., Washington, DC 20549. Copies of such material may also be obtained from the Commission at prescribed rates. The Commission also maintains a Web site that contains reports, proxy and information statements and other information regarding public companies that file reports with the Commission. Copies of these reports may be obtained from the Commission's EDGAR archives at http://www.sec.gov/index.htm.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
By Order of the Board of Directors,
/s/ Jean-Francois Amyot
Jean-Francois Amyot Chairman of the Board of Directors
NOTICE IS HEREBY GIVEN that the following action was taken pursuant to a Written Consent of the Majority Stockholders of the Company:
(1) Our Articles of Incorporation was amended to change our name to Nord Oil International, Inc.; and
(2) We effected a 1-for-12 reverse stock split of our issued and outstanding Common Stock.
The Board of Directors has fixed the close of business on August 29, 2005, as the Record Date for determining the Stockholders entitled to Notice of the foregoing.
The Company has asked brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of the Common Stock held of record by such persons and will reimburse such persons for out-of-pocket expenses incurred in forwarding such material.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
Shareholders of record at the close of business on August 29, 2005, the Record Date, are entitled to notice of the action to be effective on or about September 19, 2005. Each share of our common stock entitles its holder to one vote on each matter submitted to the shareholders. However, because the shareholders holding at least a majority of the voting rights of all outstanding shares of capital stock as of the Record Date have voted in favor of the foregoing actions by resolution; and having sufficient voting power to approve such proposals through their ownership of the capital stock, no other consents will be solicited in connection with this Information Statement.
The elimination of the need for a meeting of stockholders to approve this action is made possible by Section 607.0704 of the Florida Business Corporation Act which provides that the written consent of the holders of outstanding shares of voting capital stock, having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted, may be substituted for such a meeting. In order to eliminate the costs involved in holding a special meeting of our stockholders, our Board of Directors voted to utilize the written consent of the holders of a majority in interest of our voting securities. This Information Statement is circulated to advise the shareholders of action already approved by written consent of the shareholders who collectively hold a majority of the voting power of our capital stock and shall serve as our Annual Meeting.
Bio-Tracking Security Systems, Inc. is authorized to issue 530,000,000 shares of capital, consisting of 342,865,401 shares of common stock, $.001 par value per share and 30,000,000 shares of Preferred Stock, $0.001 par value share, of which none are issued and outstanding.
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A “SAFE HARBOR” FOR FORWARD LOOKING STATEMENTS. This Information Statement contains statements that are not historical facts. These statements are called “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve important known and unknown risks, uncertainties and other factors and can be identified by phrases using “estimate,”“anticipate,”“believe,”“project,”“expect,”“intend,”“predict,”“potential,”“future,”“may,”“should” and similar expressions or words. Our future results, performance or achievements may differ materially from the results, performance or achievements discussed in the forward-looking statements. There are numerous factors that could cause actual results to differ materially from the results discussed in forward-looking statements, including:
· Changes in relationships with major customers and/or suppliers: an adverse change in our relationships with major customers and/or suppliers would have a negative impact on our earnings and financial position.
· Armed conflicts and other military actions: the considerable political and economic uncertainties resulting from these events, could adversely affect our order intake and sales, particularly in the limousine market.
· Factors that we have discussed in previous public reports and other documents filed with the Securities and Exchange Commission.
This list provides examples of factors that could affect the results described by forward-looking statements contained in this Information Statement. However, this list is not intended to be exhaustive; many other factors could impact our business and it is impossible to predict with any accuracy which factors could result in which negative impacts. Although we believe that the forward-looking statements contained in this Information Statement are reasonable, we cannot provide you with any guarantee that the anticipated results will be achieved. All forward-looking statements in this Information Statement are expressly qualified in their entirety by the cautionary statements contained in this section and you are cautioned not to place undue reliance on the forward-looking statements contained in this Information Statement. In addition to the risks listed above, other risks may arise in the future, and we disclaim any obligation to update information contained in any forward-looking statement.
CURRENT INFORMATION REGARDING THE COMPANY
The following is a description of the current operations of the Company
THE COMPANY
History and Development of Bio-Tracking Security Systems, Inc.
Bio-Tracking security Inc. of Montreal, Quebec, designs and manufactures vehicle and asset tracking and security systems, based on patent pending, Inertial Navigation, Biometric Fingerprint Identification and Spread Spectrum Communication technologies.
The Bio Tracking Security’s proprietary technology precisely determines if a person is an authorized user of a vehicle or any other piece of equipment protected by Bio-Tracking. Our proprietary Biometric Fingerprint ID is a technology unmatched and amazingly reliable.
The Company has a new product and service offering in the field of vehicle security, which, once installed, becomes a platform for new in-vehicle information, communication and entertainment products. In addition to effective theft prevention, this platform demonstrates measurable value for the vehicle owner, driver, dealership, manufacturer, insurance company and law enforcement agency. The device when combined with a programmable computer and a biometric identification system, wireless interconnection methods and inertial tracking technology, provides such features as driver privilege control, remote shutdown and unlock, and tracking under the most extreme circumstances. The antitheft system, which has already been prototyped and field tested, far exceeds the industry’s current standard features, effectiveness, and overall value. The next generation system can offer two-way messaging and remote diagnostics.
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Share Exchange Agreement.
AMEND THE ARTICLES OF INCORPORATION TO CHANGE OF NAME OF THE COMPANY
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Share Exchange Agreement. One condition to the Shares Exchange Agreement was a s follows:
Section 7.07. Board and Shareholder Approval. (a) Prior to the Closing, Bio-Tracking shall obtain the approval of its Board of Directors of this Agreement and the transactions contemplated hereby.
(b) Bio-Tracking shall cause an Information Statement on Schedule 14C to be filed with the SEC and mailed to its shareholders of record disclosing that Bio-Tracking has entered into this Agreement and also the transactions contemplated hereby. Such Information Statement shall also provide that Bio-Tracking intends to change its name to “Nord Oil International Inc.”, along with any other action of which Bio-Tracking requires shareholder approval in order to close this Agreement in accordance with the terms hereof. Shareholders of Bio-Tracking holding at least a majority of Bio-Tracking’s issued and outstanding shares of common stock, as of the record date, shall approve of this Agreement and the transactions contemplated hereby either by proxy or written consent.
Accordingly, we are fulfilling our contractual obligation pursuant to the Share Exchange Agreement by changing our name to Nord Oil International, Inc.
This action has been approved by the Board and the written consents of the holders of the majority of the outstanding voting capital stock of the Company.
REVERSE SPLIT
MATERIAL TERMS OF THE REVERSE SPLIT
The Board has unanimously adopted and shareholders holding a majority of the Common Stock have approved a resolution to effect a one-for-one twelve (1:12) reverse stock split (the "Reverse Split") of the Common Stock. The Board and such shareholders believe that the Reverse Split is in the Company's best interests, principally because it may increase the trading price of the Common Stock. An increase in the price of the Common Stock may, in turn, generate greater investor interest in the Common Stock, thereby enhancing the marketability of the Common Stock to the financial community. In addition, the resulting reduction in the number of issued and outstanding shares of Common Stock will provide the Company with additional authorized but unissued shares which could be utilized for future acquisitions or mergers or to otherwise carry out the Company's business objectives. Presently, our stock is trading on the “pink sheets” under the symbol of BTSI. On August 29, 2005, the closing price of our shares of common stock was $0.02.
The immediate effect of the Reverse Split will be to reduce the number of presently issued and outstanding shares of Common Stock from approximately 342,865,401 to approximately 28,572,117. Although the Reverse Split may increase the market price of the Common Stock, no such increase can be assured or calculated. The market price of the Common Stock may not rise in proportion to the reduction in the number of shares outstanding as a result of the Reverse Split, nor can there be any assurances that the Reverse Split will lead to a sustained increase in the market price of the Common Stock. The market price of the Common Stock may also change as a result of other unrelated factors, including the Company's operating performance and other factors related to its business as well as general market conditions.
Another potential benefit of the Reverse Split would be a substantial reduction in the transaction costs associated with trading in the Common Stock. In most cases, trading costs include both "brokers" trading commissions and the "indirect cost" of "dealer markup" - that is, the difference between the buying and selling prices of dealers in a given stock (the "bid-ask spread"). Further, the Board of Directors and the majority shareholders believe that the reduction in the number of shares of Common Stock outstanding, without any corresponding material alteration in the economic composition of the Company or the relative interests of the stockholders could enhance the public and institutional perception of the Company's Common Stock and thus generate investor interest.
The Reverse Split will affect all of the holders of the Company's Common Stock uniformly and will not affect any shareholder's percentage ownership interest in the Company or proportionate voting power, except for insignificant changes that will result from the rounding up of fractional shares.
The Reverse Split of the Common Stock is expected to become effective on or about August ___, 2005 (the "Effective Date"). Upon the Effective Date, the Company will notify the National Association of Securities Dealers, requesting that the split be made effective on the Effective Date. The Reverse Split will take place on the Effective Date without any action on the part of the holders of the Common Stock and without regard to current certificates representing shares of Common Stock being physically surrendered for certificates representing the number of shares of Common Stock each shareholder is entitled to receive as a result of the Reverse Split. New certificates of Common Stock will not be issued at this time.
No fractional shares will be issued in connection with the Reverse Split. Shareholders who would otherwise be entitled to receive fractional shares because they hold a number of shares of Common Stock that is not evenly divisible by 12 will have the number of new shares to which they are entitled rounded to the nearest whole number of shares. No shareholders will receive cash in lieu of fractional shares.
We do not have any provisions in our Articles, by laws, or employment or credit agreements to which we are party that have anti-takeover consequences. We do not currently have any plans to adopt anti-takeover provisions or enter into any arrangements or understandings that would have anti-takeover consequences. In certain circumstances, our management may issue additional shares to resist a third party takeover transaction, even if done at an above market premium and favored by a majority of independent shareholders.
The Company cannot predict whether the Reverse Split will increase the market price for the Common Stock. The history of similar stock split combinations for companies in like circumstances is varied. There can be no assurance that:
· the market price per share of the Common Stock after the Reverse Split will rise in proportion to the reduction in the number of shares of the Common Stock outstanding before the Reverse Split;
· will not adversely impact the market price of the Common Stock as a result of negative investor opinion;
· the Reverse Split will result in a per share price that will attract brokers and investors who do not trade in lower priced shares; and
· the Reverse Split will result in a per share price that will increase the Company's ability to attract and retain employees and other service providers.
The Company does not, at this time, have any specific plans, proposals or arrangements to issue any of the newly authorized shares of common stock for any purpose, including future acquisitions and/or financings.
FEDERAL INCOME TAX CONSEQUENCES
The following summary of material federal income tax consequences of the Reverse Split does not purport to be a complete discussion of all of the possible federal income tax consequences. Further, it does not address any state, local, foreign or other income tax consequences, nor does it address the tax consequences to shareholders that are subject to special tax rules, such as banks, insurance companies, regulated investment companies, personal holding companies, foreign entities, nonresident alien individuals, broker-dealers and tax-exempt entities. The discussion is based on the United States federal income tax laws as of the date of this Information Statement. Such laws are subject to change retroactively as well as prospectively. This summary also assumes that the shares of Common Stock are held as "capital assets," as defined in the Internal Revenue Code of 1986, as amended. The tax treatment of a shareholder may vary depending on the facts and circumstances of such shareholder.
EACH SHAREHOLDER IS URGED TO CONSULT WITH SUCH SHAREHOLDER'S TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES OF THE REVERSE SPLIT.
No gain or loss will be recognized by a shareholder as a result of the Reverse Split. The aggregate tax basis of the shares received in the Reverse Split will be the same as the shareholder's aggregate tax basis in the shares exchanged. The shareholder's holding period for the shares received in the Reverse Split will include the period during which the shareholder held the shares surrendered as a result of the Reverse Split. The Company's views regarding the tax consequences of the Reverse Split are not binding upon the Internal Revenue Service or the courts, and there is no assurance that the Internal Revenue Service or the courts would accept the positions expressed above. The state and local tax consequences of the Reverse Split may vary significantly as to each shareholder, depending on the state in which such shareholder resides.
DISSENTER'S RIGHTS OF APPRAISAL
The general corporation law of the State of Florida does not provide for dissenter's rights of appraisal in connection with the 12 to 1 reverse of shares of the Company's common stock.
If you have any questions about the actions described above, you may contact Joseph I. Emas, 1224 Washington Avenue, Miami Beach, Florida 33139. We are subject to the informational requirements of the Securities Exchange Act of 1934 and in accordance with the requirements thereof, file reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”). Copies of these reports, proxy statements and other information can be obtained at the SEC's public reference facilities at Judiciary Plaza, Room 1024, 450 Fifth Street, N.W., Washington, D.C., 20549. Additionally, these filings may be viewed at the SEC's website at http://www.sec.gov.
We filed our annual report for the fiscal year ended December 31, 2004 on Form 10-KSB with the SEC. A copy of the annual reports on Form 10-KSB (except for certain exhibits thereto), may be obtained, free of charge, upon written request by any shareholder to Joseph I. Emas, 1224 Washington Avenue, Miami Beach, Florida 33139. Copies of all exhibits to the annual reports on Form 10-KSB are available upon a similar request, subject to payment of a $.50 per page charge to reimburse us for expenses in supplying any exhibit.
Information Incorporated By Reference
The following documents are incorporated herein by reference and to be a part hereof from the date of filing of such documents:
Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004.
Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004.
The Company is in the process of preparing the quarterly filings for December 31, 2004, March 31, 2005 and June 30, 2005.
All documents filed by the Company with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Information Statement and prior to the effective date of the action taken described herein, including the Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Information Statement to the extent that a statement contained herein or in any other subsequently filed document that also is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Information Statement. This Information Statement incorporates, by reference, certain documents that are not presented herein or delivered herewith. Copies of any such documents, other than exhibits to such documents which are not specifically incorporated by reference herein, are available without charge to any person, including any shareholder, to whom this Information Statement is delivered, upon written or oral request to our Secretary at our address and telephone number set forth herein.
Distribution of Information Statement
The cost of distributing this Information Statement has been borne by us and certain shareholders that consented to the action taken herein. The distribution will be made by mail.
Under SEC rules, shareholders intending to present a proposal at the Annual Meeting in 2005/2006 and have it included in our proxy statement must submit the proposal in writing to the Company. We must receive the proposal no later than September 30, 2005.
Shareholders intending to present a proposal at the Annual Meeting in 2005/2006, but not to include the proposal in our proxy statement, must comply with the requirements set forth in Regulation 14a-8 of the Security Exchange Act of 1934, as amended (the "Exchange Act"). The Exchange Act requires, among other things, that a shareholder must submit a written notice of intent to present such a proposal that is received by our Secretary no less than 120 days prior to the anniversary of the first mailing of the Company's proxy statement for the immediately preceding year's annual meeting. Therefore, the Company must receive notice of such proposal for the Annual Meeting in 2005 no later than September 30, 2005. If the notice is after September 30, 2005, it will be considered untimely and we will not be required to present it at the Annual Meeting in 2005/2006. The Company reserves the right to reject, rule out of order, or take other appropriate action with respect to any proposal that does not comply with these and other applicable requirements.
Pursuant to the requirements of the Exchange Act of 1934, as amended, the Registrant has duly caused this Information Statement to be signed on its behalf by the undersigned hereunto authorized.
By Order of the Board of Directors
By /s/ JEAN-FRANCOIS AMYOT JEAN-FRANCOIS AMYOT
Date: August 29, 2005
--------------------------------------------------------------------------------
Posted by Mule on :
When will the new PPS come into effect?
Posted by bond006 on :
if my memory is correct mr amyot told me that buy 9/19/05 or 20 days after the 14C filling
Posted by Thorn on :
Well, the document says, "the proposals will not be effective until 20 days after the date this Information Statement is mailed to the shareholders."
Posted by Mule on :
I would assume that the PPS will be about .24 Hopefully higher. Is everyone holding or selling before the R/S?
Posted by stockvaper on :
Holding Long
Posted by Thorn on :
quote:Originally posted by Mule: I would assume that the PPS will be about .24 Hopefully higher. Is everyone holding or selling before the R/S?
Based on trading, it looks like most everyone is holding right now.
Posted by weatherbill on :
Kids Kids, nothing is happening with this stock for another 2 weeks.....it's gonna go from .016 -.024 fluxuation. Folks are putting their money into other things until then. From another board, from a reliable source, a guy chatted on the phone with the president today and Mr Amyot the pres. said the reverse split will be happening in about 30 days, so no need to freask on this. Just rest. The pay off will come in october
Posted by bond006 on :
goodmorning all , looks like we wait now buy the end of september we will be nord with a small float and pumping oil
Posted by Thorn on :
Up on very low volume? At least one small fish is biting.
Posted by flyboy on :
yup, up 10% on very low volume.
Posted by bond006 on :
we are getting close proably last few days to get in cheap
Posted by xspennies on :
can someone explain the pros & cons of getting in pre-split? is it better to wait till the split happens?
Posted by hotpicks1 on :
WAIT IMO, R/S is scary no matter what even if it is good for the company.
Peopel will always be scared. I am confident there will be a drop right before the R/S
Posted by bond006 on :
xspennies read this done by 2create he has done a lot of dd on this subject and i learned of this stock from his posts on rb
Pre-Split -vs- Post Split PPS valuation...
I had posted this on RB about a month ago. It seems a few of your here are asking the same questions as we did. Also keep in mind I have been through this before with SPRL...And it was MUCH BETTER to have bought in Pre R/S-Split -vs- Post R/S Split...In that case too, the MM's tried to bring the PPS down during the weeks/days prior to effecting the split. So I am ready!...Bring it down!...I will be adding until September 19th! (The approx. post-split day of our new Symbol and name change as per the as per the 14c Filing) Now here is the copy of valuation below:
In terms of an accumulation point pre-split, the most 'modest' or conservative method would be to use the (when-issued O/S share count) of 216 million (times 12) to get a representation of share structure pre-split (thus would equal for math purposes) 2.592 billion. That said the proven and probable reserves of 48 Mbls of Oil @ $30/Bl = $ 1,444,000,000. (Lets Minus 80% discount to PPS for time of extraction and other factors) Then = @ 288,000,000. (Divided by the 2.592 billion 'as If-Issued" pre-split shares) Then we would value basic accumulation/value at $.12/share pre-split. HOWEVER, that said, every 1 million shares now will be 83,333, post-split. That given and the fact that there is ONLY 340,000,000. O/S right now gives us EXTRA leverage because there are NOT 2.592 billion O/S! In fact there is About 7 Times LESS then that right now O/S. So IF lets just say you purchased ALL 340,000,000. O/S pre-split...Then you would own 28,333,333. of the post-split 36 million public float (of 216 million total) O/S after split. This would cost you $ 6,800,000. @ .02 right now. Follow me here...THIS is why the shares are SO CHEAP Right Now: Conversely, using the same values as above, now take your same (Mrkt. cap) value as above of $ 288,000,000. Now (divide that by the post-split O/S shares of 216 million) It = $ 1.34/share.....Now HOW Many do you have? 28,333,333. Right!?... (Times the equivalent post-split valuation) of $1.34/share...How much is it Worth? $ 37,966,666.! Remember it ONLY Cost you $ 6,800,000.! The above example CLEARLY demonstrates that we have Significant Leverage pre-split as compared to buying post-split shares! NOT to mention that once we are post-split, shares will be harder/less available then now because of the fact that 180 mil. of the 216 Mil. O/S will be RESTRICTED! Gota like that! ;] by 2create
Posted by kanalgeruch on :
btsi is is coming alive...: TODAY alreday above 1.2 million... 09/14/05 464258 09/13/05 562100 09/12/05 47900 09/09/05 122800 09/08/05 71000
a sign that the news should be out soon...
Posted by bond006 on :
friday is the last chance to get them pre split get while they are cheap monday 19 we should be nord
Posted by kanalgeruch on :
I have no idea what the split will to do it..usually it is not a good sign, but in this situation with an appropriate PR out, pointing out that one (pre-split) share of .02 equal something like $ 4.00/in oil reserves - anything could happen...
Posted by bond006 on :
this is a post from r/b amoyt to 2create
On Track and ON Schedule!...Email reply today...
In reply to my inquiry regarding the timely completion, filing and disclosure of the RSM Top Audit financials that was to be publicly released per the 8k filing 'Before' the effective date on the R/S (a.k.a by close of business 9-16-05), provided however the 9-19-05 is exactly the effective date....This was my reply from JF Amyot today Copied in-part: "Dear Xxxx,
Thank you for your email. The answer is YES, the financials will be filed before we actually execute the reverse split of the common stock. We are glad to have investors like you on board...etc"
Thanks again,
JF
Finkelstein Capital
Jean-François Amyot Managing Director
jfamyot@finkelsteincapital.com
Direct Phone: Office: Fax: 514-820-9347 514-448-6710 514-448-6712
I had commented about a few other things form the past couple of months and he further commented ...etc.
Posted by kanalgeruch on :
[QUOTE]Originally posted by bond006: [QB] this is a post from r/b amoyt to 2create
Ok, thank you for your long post...seems to make sense to me..and inspired me to add a few more at the ask...
Posted by bond006 on :
this whole picture is going to change when people see the actual name change and posted business plan looks like from every thing i have read that the r/s and name change are going on time as well as the posted business plan and numbers right before the r/s takes place so on friday we may see the pps go up who knows i am going to roll the dice and buy whati can tomorrow i have been in this a long time now waiting for this day glta and remember nothing is for sure in this game but i have done more dd on this than i have ever done on anything most of it when oil was about $40. a barrel
Posted by kanalgeruch on :
BTW: for those following the stock: here is the url for Nordoil - the content is in Russian but nevertheless....looks quite nicw
Sep 19, 2005 4:16:00 PM 2005 PrimeZone Media Network MONTREAL, Sept. 19, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc./Nord Oil International Inc. (Pink Sheets:BTSI) today announced the new composition of its board of Directors to serve until the next shareholders meeting.
The board nominated Stratton D. Stevens, Viatcheslav Makarov, Gerald T. Parkin, Mikhail Ashonovich Dzhalovian, Armenak Artemovich Safarov and Andrei Eduardovich Kuzolev as Directors to serve on the board of Directors of the company until the next shareholders meeting.
Stratton D. Stevens will take over as Chairman of the company. Mr. Stevens was appointed as a member of the Order of Canada. As an entrepreneur and businessperson sine 1950, he is involved in the development of hotels, commercial and large industrial projects and in their management as well as in the general contracting of such projects. Mr. Stevens' experience and leadership will enable the company to develop its oil reserves to their full potential.
Viatcheslav Makarov will serve as Director and was appointed President and Chief Executive Officer of the company. Mr. Makarov graduated from Moscow University in the Space Technology Field. He has extensive business experience in both Russia and North America. At the advent of privatization, he was a representative and key manager with Volvo, Renault as well as with Elf Petroleum. He works closely with legal and accounting firms in both continents, namely in Moscow, Montreal, Toronto and New York.
Gerald T. Parkin will serve as Director and was appointed Vice-President of Legal Affairs. Mr. Parkin obtained his law degree from University of Montreal and attended L'Ecole Superieure de Droit International in France. He practiced law in the commercial and financial field for over 20 years and presently sits on the board of companies in diverse sectors. He is involved with numerous projects assisting companies in obtaining public status.
Mikhail Ashonovich Dzhalovian will serve as Director and was appointed Vice-President and General Manager. Mr. Dzhalovian graduated from the Institute of Oil and Gas majoring in oil extraction and refining. Between 1989-2003 he was active in the oil industry as director of oil extraction of NGDU and director of oil extraction with the Department of Orenburg Orion Company. Since 2003 he is the general manger of Nord Oil Product.
Armenak Artemovich Safarov will serve as Director and was appointed Vice-President of Acquisitions. Mr. Safarov is a graduate of the Tashkent Construction Institute. His past experience in the oil sector includes being a director of the department of Exploitation of NGDU as well as the director of the Department of Oil wells with Sigma Oil Company. Since 1999 he is the president of Nord Oil Holding.
Andrei Eduardovich Kuzovlev will serve as Direcotr and was appointed Vice-President, and Managing Director. Mr. Kuzovlev graduated from Moscow Construction Institute specializing in constructing oil and gas related structures. His work experience began in 1992 with Yukos Oil Company and from 1995-2003 he acted as director of the sales department. Since 2003, he is the managing director of Nord Oil Product.
The company also announced that the website www.nordoil.com will be officially launched on September 28, 2005. The company also planned to be fully reporting by no later than October 15, 2005 and expects the reverse split and name change to occur on or before September 28, 2005.
Posted by JOELGA on :
Great news! Plenty more to come...
Posted by DIGDOUGH on :
I figured out that thse shares post split will have to go up over $2.77 for me to just break even.
Posted by JOELGA on :
What did you purchase them for initially?
Posted by bond006 on :
digdough that is not possible look at my post for the formular you would have had to pay about .20 per share any way it looks good just a little longer than i thought buy the 28th web site and name change bussiness plan fully reporting oct 15th kaBooooooooooooM!!!!!!!!!!!!
Posted by stockvaper on :
Pretty impressive Board of Directors. Posted by flyboy on :
Nice volume so far today!
Posted by Doctoall on :
weatherbill Member
Member Rated: posted September 20, 2005 10:18 -------------------------------------------------------------------------------- go to bottom of this news wire for the biggest news.....BTSI will be a fully reporting co. oct 15th.....dates are in on the r/s and web sit up. Moving this to AMEX 2006.......run up begins....get in before .03
September 19, 2005 - 4:16 PM EDT BTSI 0.023 0.00
Today 5d 1m 3m 1y 5y 10y
Bio-Tracking Security Inc./Nord Oil International Inc. Announces New Board of Directors MONTREAL, Sept. 19, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc./Nord Oil International Inc. (Pink Sheets:BTSI) today announced the new composition of its board of Directors to serve until the next shareholders meeting.
The board nominated Stratton D. Stevens, Viatcheslav Makarov, Gerald T. Parkin, Mikhail Ashonovich Dzhalovian, Armenak Artemovich Safarov and Andrei Eduardovich Kuzolev as Directors to serve on the board of Directors of the company until the next shareholders meeting.
Stratton D. Stevens will take over as Chairman of the company. Mr. Stevens was appointed as a member of the Order of Canada. As an entrepreneur and businessperson sine 1950, he is involved in the development of hotels, commercial and large industrial projects and in their management as well as in the general contracting of such projects. Mr. Stevens' experience and leadership will enable the company to develop its oil reserves to their full potential.
Viatcheslav Makarov will serve as Director and was appointed President and Chief Executive Officer of the company. Mr. Makarov graduated from Moscow University in the Space Technology Field. He has extensive business experience in both Russia and North America. At the advent of privatization, he was a representative and key manager with Volvo, Renault as well as with Elf Petroleum. He works closely with legal and accounting firms in both continents, namely in Moscow, Montreal, Toronto and New York.
Gerald T. Parkin will serve as Director and was appointed Vice-President of Legal Affairs. Mr. Parkin obtained his law degree from University of Montreal and attended L'Ecole Superieure de Droit International in France. He practiced law in the commercial and financial field for over 20 years and presently sits on the board of companies in diverse sectors. He is involved with numerous projects assisting companies in obtaining public status.
Mikhail Ashonovich Dzhalovian will serve as Director and was appointed Vice-President and General Manager. Mr. Dzhalovian graduated from the Institute of Oil and Gas majoring in oil extraction and refining. Between 1989-2003 he was active in the oil industry as director of oil extraction of NGDU and director of oil extraction with the Department of Orenburg Orion Company. Since 2003 he is the general manger of Nord Oil Product.
Armenak Artemovich Safarov will serve as Director and was appointed Vice-President of Acquisitions. Mr. Safarov is a graduate of the Tashkent Construction Institute. His past experience in the oil sector includes being a director of the department of Exploitation of NGDU as well as the director of the Department of Oil wells with Sigma Oil Company. Since 1999 he is the president of Nord Oil Holding.
Andrei Eduardovich Kuzovlev will serve as Direcotr and was appointed Vice-President, and Managing Director. Mr. Kuzovlev graduated from Moscow Construction Institute specializing in constructing oil and gas related structures. His work experience began in 1992 with Yukos Oil Company and from 1995-2003 he acted as director of the sales department. Since 2003, he is the managing director of Nord Oil Product.
The company also announced that the website www.nordoil.com will be officially launched on September 28, 2005. The company also planned to be fully reporting by no later than October 15, 2005 and expects the reverse split and name change to occur on or before September 28, 2005.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements
-------------------- wbill
-------------------------------------------------------------------------------- Posts: 53 | From: nashville | Registered: Jun 2005 | IP: Logged |
Posted by madmoney on :
JUST TO REFRESH YOUR MEMORIES, THIS THING IS GOING TO BE HUGE!!!----------------------------------------------------------------------------------------------------------------------------------------------------Bio-Tracking Signs Definitive Agreement With Nord Oil and Concludes the Acquisition With Proven and Probable Oil Reserves Valued at Over $2.5 Billion USD -------------------------------------------------------------------------------------------------------------------------------------------------- MONTREAL, Jun 23, 2005 (PRIMEZONE via COMTEX) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) announced today that further to receiving significant positive results from RSM Top Audit, the company has signed a definitive agreement with Nord Oil and acquired its oil and gas properties as well as its storage facilities in Russia's Samara Region, the country's most prolific oil reserve, in a deal valued at approximately $2.5 billion U.S. Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.
"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------- 3.50 in PROVEN reserves and 11.00!! in probable reserves makes this the buy of the year!!. you can buy in now for a quarter to thirty cents a share ( post split ) and make 500 to 1000 percent! or wait until after the split when it runs to a dollar and buy in for a gain of 200 to 300 percent! either way it`s a winner in my book!!. good luck to all!!
Posted by jappie on :
0,025...+ 8,7% vol. 1,8 mil. BTSI gets more attention now. Anyway, has someone more info about possible trading at AMEX? This would be even better if this going to be happen...
Posted by DIGDOUGH on :
bond006, you have a pm. Posted by DIGDOUGH on :
JOELGA you have a PM.
Posted by madmoney on :
this is so under valued, people are all over AMEP and that company has less than 1 / 200TH the potential of BTSI/NORD! . when this stock hits four bucks a share there will be people all over this thread talking about how they cant beleive they missed this one. AMEP may be a good company with real potential but BTSI/NORD has them beat hands down! more than 800$ million in proven reserves and over 1.5$ billion in probable reserves in one of the richest oil regions on the planet!, this is one R/S people should be buying, after the split and name change the news that comes out will make this fly!! 2$,3$ 5$ 8$!!!! these numbers mean exspansion in a BIG way! NORD will be a multi billion dollar company! and I got in on the ground floor!! yee ha!!
Posted by weatherbill on :
Here's my very conservative post on this......
It seems the overall sentiment of many investors is to wait till after the r/s before getting in because they beleive there will be a dip at the split. I think this will have dips, but this also could take off from the r/s and not look back, well at least from where it's at now. This is why I urge anyone who's juiced on this to get in now, if you're looking long. I just read a post. It said Profits flow from the impatient to the patient. There's some patience required here. With all the hurricane and oil stocks spiking lately, investors are all feverish to get into one of those stocks. That will all die down and then they will have to go back to looking at hard numbers on undervalued companies for their picks. That's where this pick comes in. The hard numbers will reflect the value of this gem in due time. If you are tired of loosing money swing or day trading, and the purpose you got into the market in the first place was to make alot of money, this is your play. Remember the reason why you got into the market, not really to be rich, but to make your life better. This is an easy 5 bagger in 6 months and 10 bagger in a year or so, maybe sooner.......I'm looking at being a 100 thousand aire by then. I will be patient and stop these silly day trading schemes with the MM's manipulating everything under the sun and invest in a solid multi bagger well on its way. That's this! There's alot of things going on with this stock. The drilling is going to begin soon. This company does'nt need to drill new wells. They're already there. They just need to upgrade the equipement. Real profits will be coming in soon.......There's another stock making all kinds of claims of natural gas reserves called FNGC. It's been hovering at .50 with no real profits and drilling rigs to drill new wells are hard to come by right now because of demand.....if that company has .50 stock with nothing real happening in the company for months, then compare that to this. Right now, this is at .25-.30 a share post r/s. This will be an easy double in a month and in two months, they will be posting profits and sales from the already established wells. That will make this a probable 4 bagger and more to come. The day and swing traders will play with this and there will be profits to get at the peaks, but buying back in and playing long on this will make us alot of money.......while alot of oil claims out there will continue to proclaim their "reserves", NORD will be actually selling oil and making real profits.... and that's what a real stock is all about, real profits with a real product.........that's what qualifies companies for better exchanges, where the masses of investors are who will drive this baby up even further. Which of those companies out there drilling right now, who's stock is at .50-.70 can claim even close to 15 million barrels of oil and 33 probable B.O.O. No no, those kind of companies are well over $1 a share...... A little patience, and this baby is going to take us for a nice ride to the sky!
Posted by Hawaii Eric on :
estimated Production in 2006: only 2 300 000 barrels x 60 = $ 138'000'000 ;-)...I don't know - seems a little on the low side ;-)?
Posted by Thorn on :
What's low? Estimated 2006 income or current pps?
Don't forget to factor in the cost of production.
Posted by Hawaii Eric on :
Also keep in mind that they seem to only talk about the oil explicitly even though they also have natural gas.
Posted by bond006 on :
treepeople made a comparison from r/b
Msg. 394 of 397 (This msg. is a reply to 393 by 2create.) Jump to msg. # Valuation Comparison –
I choose DDV purely at random; I hope to look at some other oil producers when I have the time…
$65 million market-cap ($0.025PPS X 12 (reverse split) X 216M o/s)
6,300 BOPD (from estimated production on website: 2,300,000 for 2006 / 365 days)
48 million BOE reserves (15m proved + 33 probable) ---------------------------------------------------
Summary - DDV produces double the oil per day DDV has less proven/probable reserves DDV has 30X the market-cap
Assume half the market-cap for Nord Oil because it has half the daily production - (but remember Nord has higher reserves) Then say half that again for the Russia/new entity risk premium (a very aggressive punishment, IMO)
$2B X 50% X 50% = $500 million market-cap
That market-cap is 7.7X higher than the current $65 million
2006 2,300,000. BRLS production divided by 12 Months = 191,666. Brls/Month divided by 30 Days = 6,388 BRLS/Day!
Then in 2007 3,680,000. Brls Production ... A 60% INCREASE!!!!
This is a KEEPER
Posted by bond006 on :
not low production when you figure first year this is planned production and growth on wells that are already sank its do some maintanence throw the switch and we are inn business. how many pinks have to drill yet and we are undervalued in a secture bull market go nord oil. it won't be long and we will be nords Posted by bond006 on :
planed production
2006 2007 2008 2009 2010 2011 Estimated Production (Thousands of barrels) 2,300 3,680 4,416 5,300 6,360 7,632
Posted by bond006 on :
do i hear dividends?
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker BTSI on the US Over-The-Counter market. Nord Oil International Inc. is the corporate holding company, which wholly owns three Russian subsidiaries; Nord Oil Products LLC, Nord Oil Samara LLC and NANA A LLC.
Mission The Company’s mission is to become one of the leaders in the industry sector in terms of technological advancements, growth rates, quality of oil products and efficiency of business management, while creating substantial shareholder value and contributing to increasing shareholder income through an equitable distribution of profits. yippe kiyeahhhhhhhhh
Posted by Superbee383 on :
I thought I read that if you bought after last Friday, you didn't get the R/S. What happens to the shares of BTSI if bought after that date? Could that be why it's not moving right now?
Posted by 2Create on :
Conrgrats early Longs!
We have the start of a First Class company here.
1.) Licenses/Assets already owned 2.) Access to 'debt funding' -vs- Equity funding 3.) FULLY Reporting status 4.) To be listed on Higher Exchange 5.) Top-tier, First class RSM-Top Audit firm relationship...Shared by the 'Elite'- Russian Conglomerate companies, Gazprom, Rosneft, Yuke Oil...etc. 6.) Executive management from Former Yukos giant, Elf Petroleum (later acquired by Total, former Region directors...etc. Already generating revenues 7.) Already producing Oil Gas Revenues 8.) Already profitable 9.) No current Debt 10.) No plans for any dilution/equity funding 11.) Our own bulk processing plant 12.) A great informative transparent website 13.) Huge growth in production projected for 2006, 2007, 2008 and beyond: planned production 2006 2007 2008 2009 2010 2011 Estimated Production 2,300 3,680 4,416 5,300 6,360 7,632 (Thousands of barrels)
More to come, I'm sure R/S on 9-28-05 Tight share structure of 216 mil O/s of which 180 mil Restricted and held by management! Low public float of 36 mil The next PKZ....Could very well be.
Posted by bond006 on :
you will git the r/s superbee people will buy right up to the time of the name change
Posted by bond006 on :
the record date is 9/28/05
Posted by 2Create on :
Superbee...Incorrect!
You will still get your R/S shares up to and including the close of business on 9-27-05. Provided the actual effective date of 9-28-05 does not change. This news/update came in very late today...Only about 1/2 hour before close. Most investors have not even heard of Nord Oil yet...and probably won't until 'after the R/S is effective...and then even more when we move to a higher exchange...probably within 30 days You are still 'very' early here.
Posted by bond006 on :
nice to see you 2create thanks for you great and knowledgeable posts and help to us all three cheers for you
Posted by 2Create on :
Thanks Bond...Same to You! As you know I have done a enormous amount of DD on this and I for one, have not owned such a powerful penny stock...EVER. Anyone who waits to get in post split, IMO, will not be getting the significant discount to value that is available now. Because of the HUGE retracted share amount post split...it is simply mathematically impossible
Posted by Superbee383 on :
Thanks Bond and 2Create. I have a few shares, and wanted to accumulate a few more. Now I know I can! Good to know. Thanks again for the info!
Posted by bond006 on :
superbee get your shares if it is your pleasure and feel good
Posted by Thorn on :
I'm surprised no one has posted about BTSI today. It's looking good!
Anyone have L2? I got rid of Alphatrade due to lack of pps increase to pay for it .
Posted by kanalgeruch on :
yes, BTSI looks good. Just added some more at the opening...so far, I am glad I did ;-)
Posted by kanalgeruch on :
wow what an incredible volume ! 8 million..and we are not done yet..we will close about 8 -10 the avg vol....and pps is steadlily moving north....sweet!
Posted by Mule on :
Been holding this since jume bought at .0281 I have finally got even. feels good. Hope this one flies after the R/S
Posted by vettemadman on :
Wow....up 30% today and running hard..
Posted by bfthunter on :
Thanks guys for the post. I was able to get in earlier for .026
Posted by 2Create on :
Congrats early longs....We have only just begun! Once in awhile check in on the RB board...I don't post here as frequently....But GREAT things are in front of us Posted by Thorn on :
Now, who was it that got in the day it first went up...first day of the news? You know, back when it was trading for .005? And it didn't start going up til 2 hours later after the news came out. And then it went up 400%.
Who was that? Do you still hold shares? Posted by Hawaii Eric on :
I got some of my holdings before that wonderful day (up 400% and then some). Of course, i also got some at 0.05 about 14 or 15 months ago i think at 0.05. The symbol was still CXIN back then. Now i regret selling some back in December for tax purposes. Oh well. Hopefully this will go up 25% per day for the rest of my life. Ahhh, who needs Ed McMahon when they have NORD?
Posted by Hawaii Eric on :
I have some questions to anyone who can provide answers, preferably before Monday.
On the NORD website there are two tables: planned production located on the technical data page, and Financial Projections on the Investor Relations page.
If you divide the sales figure for each year by the number of barrels of oil you will come up with less than $32/barrel for each of the years 2006 through 2010.
I realize that oil isn't the only source of sales but this fact should actually cause my calculations to be higher than reality.
Now for the questions:
Anyone know how old that financial projections table is? Maybe it's from 3 years ago?
Do oil companies sell oil in bulk for less than what i see as the price per barrel? Price per barrel is in the $65 range so is there any way our oil is going to sell for 1/2 that?
I suppose the projection numbers could be wrong but i actually put more faith in those than the financials. Given this, i guess i'm concluding that the financial are actually very very low estimates (worst case scenario maybe).
Thoughts?
Posted by bond006 on :
its nothing but good from hear imho you will see a steady rise in the pps on monday who knows where this will take us and i know we will be fully reporting in october i can't say how but i was told it will happen. good luck early longs as 2create would say. i am going to pick up more on monday before the word really gets out. glta
Posted by bond006 on :
don't forget more info to come on web site ansd more news to come
Posted by 2Create on :
Bond006 ...nock it off! I'm not done buying yet either! Shadow-do on RB was hitting it pretty hard also on Friday too...I was able to free up some cash near eod..got another 150k+ or so @ .03
Hawaii, First, I agree that the tables are very conservative estimates. And yes, they do have other revenue-generating subsidiaries such as there Bulk processing plant, tanker farms and transportation services. Second, you must understand the way Russia Oil stocks are taxed. Current regulation allow for Russian producers to keep only 10% over the 'Normalized' rates; which are currently set at $29/Brl. HOWEVER allow me to post some RECENT GREAT NEWS regarding this topic here, where by NEW proposed legislation will be INCREASING this ,normalized' amount to $37. : More awsome News! Russian Normalized rate inceases from $29 to $37/Brl!
Russian Oil and Gas Change in oil price view: still an attractive value proposal ! Significant upgrade to oil price forecasts . . . We have increased our Urals oil price forecasts to $52.1/bbl in 2005, $56.8/bbl in 2006, and $58.8/bbl in 2007. We have also revised our normalized price up $8 to $37.3/bbl. We see neither a slowdown in demand nor an increase in supply sufficient to bring prices down. ! . . . results in considerable earnings revisions . . . The change has a 10%/38%/75% impact on the sector's earnings in 2005E/06E/07E, respectively. High-cost, low-margin companies are the largest beneficiaries of the upgrade, with their earnings more than doubling in 2007E. ! . . . and a 4%-49% positive impact on valuations Among the first tiers, Tatneft and Gazprom see the highest change in valuation, while Novatek, Transneft, and Surgutneftegaz see the lowest. The latter, although directly exposed to the oil business, has almost a third of its value in cash and noncore investments, which do not change with the oil price. ! We upgrade Sibneft to Buy 2 Our top picks among the first-tiers remain Lukoil, TNK and Transneft. We upgrade Sibneft from Neutral 2 to Buy 2. Despite its disappointing operating performance and the takeover risk, the company remains a significant free cashflow generator. The increasing value of its stake in Slavneft appears to be overlooked. The stock's notable underperformance justifies the upgrade, we believe. Table 1: Price target and rating changes Price target, $ Rating Old New % chg. Old New Gazprom ADS 44.1 60.9 38% Neutral 2 Neutral 2 Lukoil 51.2 68.1 33% Buy 1 Buy 1 Sibneft 3.28 4.24 29% Neutral 2 Buy 2 Surgutneftegaz 0.88 1.04 18% Neutral 2 Neutral 2 TNK 6.10 7.84 29% Buy 2 Buy 2 Tatneft 2.58 3.53 37% Buy 2 Buy 2 Yukos 0.72 0.72 0% Neutral 2 Neutral 2 Transneft 1,925 2,069 7% Buy 2 Buy 2 Bashneft 8.80 13.08 49% Buy 2 Buy 2 Megionneftegaz 38.2 47.5 24% Buy 2 Buy 2 Ritek 4.74 6.59 39% Neutral 2 Neutral 2 Novatek 2,410 2,515 4% Neutral 2 Neutral 2 Source: Brunswick UBS estimates -------end copy-------
Don't you just LOVE when a plan comes together!? Posted by bond006 on :
come together you are not kidding 2create not only price per barrel in russia world conditions and looks like even the weather to boot. i have a hard time with that one but it is even going to throw more attention on oil stocks imho which can't hurt a bit. along with price per gallon at the pumps. so even the delay looks like it was benificial. here we go monday is going to be interesting to say the least. when i say price per barrell in russia i mean the russian tax structure
[ September 24, 2005, 22:00: Message edited by: bond006 ]
Posted by Hawaii Eric on :
I hate being the one to point this out but the weather and world events doesn't benefit this company. 2Create is correct-- all "windfall profit" goes to the Russian government to be placed in the "Stabilization Fund". This means that when the price of oil rises, the company won't be better off because that increase is more for the Russian government. Unfortunately, it could be worse for the company if oil prices rise because when prices go up everyone tries to reduce their usage or find alternatives. While this may not be immediate for oil, it will happen eventually.
I really wish i knew this before I put so much of my portfolio into this. I'm still expecting this to be my best performing stock over the next week, month, year, but i'm not as excited as I once was. I'm still very excited about the potential here, just not super duper excited.
I wonder how many others are unaware of the oil pricing rules in Russia. This may cause our stock to experience a bubble and this bubble could pop when enough investors find out about the pricing.
Posted by 2Create on :
Hawaii, relax... Didn't you read the news release that I included? You should be just as if not more excited. The current legislation changes taking affect are very beneficial to all Russian Oil stocks Not to mention the proposed tax incentives/beaks for developing new fields, that is also on the table. This is a Reserves game as much as it is an earnings game. You have NOTHING to be unexcited about! Look at LUKOIL HOLDING CO SP/ADR (LUKOY) Look at PETROKAZAKHSTAN INC (NYSE:PKZ) Look at SURGUTNEFTEGAZ SPON ADR (SGTZY) Not to mention other sources of revenue, like bulk processing, storage, and transportation services. Russia is even the TOP PICK by CSFB! See below for this recent upgraded report! copy: ANALYST VIEW - Russia is top pick for CSFB Friday, September 23, 2005 02:32:00 PM Credit Suisse First Boston has said on Friday its top pick the region has become Russia, while it gave 'Underweight' rating on Hungary versus the MSCI EMF (Morgan Stanley Capital International's Emerging Markets Free index).
CSFB upgraded Russia within a pan-emerging markets portfolio to a 20% overweight stance versus MSCI EMF and set a new 12-month Russia RTS index target of 1,100, representing 14.6% potential upside from current levels.
CSFB said the upgrade was based on the following eight reasons:
CSFB recently upgraded the pan-emerging markets Energy and Materials sectors to a 10% overweight stance in addition to their overall year-end target price for the MSCI EMF to 650. CSFB's oil and gas team raised its oil price forecasts The forward curve for oil delivery in three years has flattened significantly over the course of 2005 and steel prices look set to rebound on the latest inventory data. The earnings outlook for the Russian market has recovered to above-average EMF levels, with strong earnings breadth momentum looking forward. CCFB reduced its cost of equity assumption by 100 basis points to 10% (the two-year average), in the wake of the YUKOS affair and reining in of arbitrary back taxation. Russia continues to trade on discounted valuations to the rest of emerging markets. There is ample liquidity in the market as a result of petrodollar inflows. Emerging market equity funds remain on average strongly underweight Russia (24%). ----end copy-----
If that is not enough evidence, then...you know what to do. I for one will be HAPPY to pick up your shares. ;]
Posted by Hawaii Eric on :
Thanks 2create. I did miss the news you posted about CSFB, though i don't put much faith in these firms I do realize others do so that means Russian stocks will rise.
I'm 100% sure that i'm not selling any shares until at least a week after the name/symbol change. Actually i may try to pick up some more shares before that happens as I think with the word "oil" in the company name we will show up on more investors' radar when they search for oil companies to invest in.
I'm fairly sure I will hold 90% of my shares 1 month from now. There may come a time where i'll take my investment out and let the profit ride. Time will tell.
Thanks again. Now go get some sleep. It's 8:30pm here in paradise so i know it's later there.
Posted by rickpic on :
If your an investor and even more so if your an oil play investor this is a must read! You may want to be sitting down however if this is news to you!
this is a post by mr amoyt 6/25/05 it is how he values the stock
BTSI Math and Response from CEO
(reposted)
In my opinon, this is will see at least a 500 percent run-up in the next 8-12 weeks. The attached is a response from the CEO:
1. The acquisition of Nord Oil is the first in the new direction of the company business plan. The current issued and outstanding shares of BTSI is approx. 340 million and a reverse split of 1:12 will be performed by or before September 1, 2005 resulting in the corporation have a total issue and outstanding post issuance of the acquisition and reverse split to be 216 million. It is fair to say that the short term net asset value of the properties to be closer to $350 million since this would be the use of the actual wells and no further exploration on the probable reserve. Having said that, the net asset value per share is $1.62 and if account any and all reserves of proven and probable without discounting by any recovery rate, the value of the asset is well above $2.5 billion.
3. We expect to complete ground work by end of August and begin production by third week of September.
4. Current management of BTSI does not bring any Oil and Gas experience but financing experience and corporate finance advisory. We will be nominated several other people to the board and US management. We have a strong team onsite in Russia with long history of successful exploration and production.
I hope this provides with with some clarification. Please note that we will release further information in the coming weeks.
Please do not hesitate to send me further inquiries.
BIO-TRACKING / NORD OIL INTERNATIONAL
Per: Jean-Francois Amyot President
Posted by bond006 on :
now since then things have changed for the betterif you want to go to investors hub or r/b and read some of the posts with more updated evaluations.
Posted by Hawaii Eric on :
rickpic,
allow me to respond to what is on the link you provide.
1) Cheney said "By some estimates, ..." This means that there are those with this opinion, not that everyone is in agreement with this view.
The decline in production he mentioned back in 1999 could have been foresight of a Gulf war. How much oil is not coming from Iraq?
2) Not all oil countries are operating at maximum production. Russia, 2nd to Saudi Arabia, for example, isn't. Iraq clearly isn't at maximum production.
3) Just because prices are high doesn't mean we've passed or are about to pass the "peak oil" mark. There are many other factors that could explain the current high prices.
4) The reason oil companies explore for oil is that many reserves exist that haven't yet been found. Many of these are in Russia, according to some. Certainly high prices allows many non-Russia oil companies put the extra profit back into the company (i.e. oil exploration).
5) Producing at full capacity is often times (dare I say most times if not all of the time) not profit maximizing for the oil companies. They certainly won't be at full production if they believe they could get higher prices in the future.
That's all that i can think of now.
The bottom line is that I don't think we need to fear this peak oil theory -- at least not yet.
Posted by rickpic on :
was just posting food for future thought!
Posted by Hawaii Eric on :
I appreciate any and all info on the oil industry so i can be better informed of fact, and beliefs.
I just felt I had to give my 2 cents on the peak oil theory so as to delay any potential drop in oil stocks. Call me selfish. I just want to become rich from Nord and some other oil based holdings before we start down the path of non-oil energy sources. Truth be told i invested in a solar company already and it's doing pretty good so far.
So if i wanted to put a limit order for some more nord tonite anyone know what a good and reasonable buy price would be? It's kind of a pain having to wake up at 3:30am (Hawaii time) to watch the market open. Though i seem to be doing it without an alarm clock lately. I've come to hate weekends. I'm too impatient waiting for monday so i can watch the stocks.
Posted by rickpic on :
Eric
I see "Peak Oil" as a huge gain in oil prices! $200-$300 a barrel at some point in the next few years if not sooner! Its gonna be an interesting week for this stock!
Posted by bond006 on :
ric pick you sure said a mouthfull
Posted by Mule on :
.033 and rising !!!!
Posted by rickpic on :
I'm in! as of 9:35
Posted by rickpic on :
I'm guessing that this stock will break its 52 week high between now and Thursday! .057 is that target!
Posted by rickpic on :
anyone else see that .04 trade a few minutes ago!
Posted by JOELGA on :
Ricpic, welcome aboard the BTSI train. I did see that .04 trade pop up. My feeling is that we will see that for the bid very soon this week!
Posted by JOELGA on :
Bid up to .036!
Posted by rickpic on :
quote:Originally posted by rickpic: I'm guessing that this stock will break its 52 week high between now and Thursday! .057 is that target!
Posted by Hawaii Eric on :
i saw the 0.04 trade as well. E*trade is no longer showing it as the high of the day. It must have been an error, or market makers rebalancing amongst themselves.
Posted by discosquirrel on :
bid at 0.0375
Posted by bfthunter on :
Looks like .039 and HISC also moving up slowly.
Posted by DIGDOUGH on :
Yea the world should be brought to its knees economically by then.
quote:Originally posted by rickpic: Eric
I see "Peak Oil" as a huge gain in oil prices! $200-$300 a barrel at some point in the next few years if not sooner! Its gonna be an interesting week for this stock!
Posted by DIGDOUGH on :
It is interesting to me that so many shares are available to purchase. The people selling don't need the money or they are desperate for a few bucks or don't think there is a future in this stock? Go figure. I got some more at 9:40 for cheap.
Posted by Hawaii Eric on :
Dig, it could be that the sellers are actually longs who got in very very very low compared to where it is now. I know i have some shares that i got at a very very very low price though i'm holding out for at least a nickel a share. Even then i'll be holding most of my shares.
It could also be the market makers naked shorting which they're allowed to do on the pinks.
Posted by DIGDOUGH on :
HE Yea if you got some cheap you can sell now and still have some for later. Great. As it is said The oily bird catches the worm.
Posted by JOELGA on :
Sale @ .039 Nice!
Posted by Thorn on :
I believe the original target price (as expressed by the owners) was around .30
Is this one of those jump out and back in kind of situations? I'm getting greedy looking at the pps today. I've done well, but hope to do better post split. Just curious.
Posted by DIGDOUGH on :
buy and sell at your own risk.
Posted by JOELGA on :
Well folks, nice day today. We should break .04 tomorrow with steady gains for the rest of the week. Good luck to all off us big NORD's!
Posted by Mule on :
What date is R/S ?
Posted by corndo on :
I thought it was tomorrow a.m.
Posted by kanalgeruch on :
I am curious to know whether the R/S impairs the MM in a way that is positive for us..
Posted by redneck woman on :
The company also announced that the website www.nordoil.com will be officially launched on September 28, 2005. The company also planned to be fully reporting by no later than October 15, 2005 and expects the reverse split and name change to occur on or before September 28, 2005
Posted by rickpic on :
I got in and out for a quick $900 profit here today! I will look at a re-entry again tomorrow if the tide allows it! Posted by G_Ho on :
W/O having to read the whole thread, could someone please help me with this hypothetical situation:
If I were to buy 100K shares pre-split at .03 ($3000), how many would I have post-split and what's the price going to be?
Thanks, GHo
Posted by JOELGA on :
G_Ho, if you do the simple math of where the stock is now, you would have 8333K @ .432. But it depends on what the current p/s is at the moment the stock splits.
Posted by JOELGA on :
G_Ho, sorry that was figured using .036 as a current price.
Posted by JOELGA on :
BTSI Date Open High Low Last Change Volume % Change 09/26/05 0.0300 0.0395 0.0300 0.0360 +0.0060 11558924 +20.00%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 2123221
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1440674
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 1560052
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.0360 0.0257 0.0352 0.0447
Posted by bfthunter on :
g_ho, you would have 50K at the same price. If the R/S dosent cause the price to go down!!! Which happens freqently. Alot of people believe it wont. Time will tell.
Posted by Hawaii Eric on :
Actually the split is 12 for 1 so Joe is correct.
Posted by upekha on :
Finkelstein no more - merger with/into http://www.midlandbaring.com/ no idea what it means in regards to btsi/nord __________________________________________ Bio-Tracking Security Inc. Jean-Francois Amyot, President C/O Finkelstein Capital Inc. Tel. 514-448-6710 Fax. 514-448-6712
[ September 27, 2005, 08:28: Message edited by: Bob Frey ]
Posted by corndo on :
What does this mean for us? Anyone?
Posted by bfthunter on :
Thank You Hawaii. I wasent aware of the specifics. I stand corrected. Only trying to help with generalization.
Posted by Thorn on :
As someone explained to me once some time ago on this board, reverse mergers are bad typically, because the reasons behind it. For a company having value, a reverse merger will tend to be good. It's the value that drives the pps.
Posted by bond006 on :
revers merger don't forget we are going to a different co that makes money we are dropping to 216 million shares 180 million of them are going to be restricted that will mean a float of 36 million shares.
Posted by DIGDOUGH on :
I Thought that it was proper practice to nail down the date of a split in a stock. In such a way that the share holder is aware of the exact time. It makes sense to me. This on or about Sept 28th part is vague. Could have been yesterday. bond or any body, do you have a guess at this.
Posted by G_Ho on :
digdough, where you at in IA?
Posted by Thorn on :
I took it as meaning the split occurs on the 28th, but may take until Oct 1 to complete.
Is that not right?
Posted by DIGDOUGH on :
quote:Originally posted by G_Ho: digdough, where you at in IA?
G_Ho, i'm at southeast Ia in Washington. I see that you are in Desmoine, since you caught my attention.
Regarding the reverse split. I guess i'll take that to mean that it won't happen any sooner than the 28th. I hope that is a safe assumption.
Posted by G_Ho on :
so are most of us in agreement that a purchase prior to the split is a good thing???
Posted by rickpic on :
I just jumped back in!
Posted by DIGDOUGH on :
A presplit purchase sounds good to me. Theres no gaurantee, but the odds of this stock being worth more later, even after the r/s is feasible. Given the status of the oil market (compare to gold) and the comparison to other oil cos that are already producing oil every day it looks like Nord stands a chance to be very profitable. I'm not pumping this stock. I'm just giving my own observation.
Posted by Thorn on :
rickpic, was that before or after it dropped to .03? .
Posted by rickpic on :
Before Thorn! Guess I could have gotten a bit more of a discount on my return trip in here, but as my ST acount is showing the RS listing I'm guessing that it may happen at the close today! I'm watching the Daily List but no info yet! This could very well be the last shot at this pre split and seeing as they are adding around 350m in assets to it after the split, it looks good to me! I may have to break my day rule and hold this for 2-3 days!
Rick
Posted by xspennies on :
i think the pps drop today is the mm trying to induce some panic selling so they can get some more cheap shares! r/s happens tonight doesn't it?
Posted by G_Ho on :
trying to get 67K at .03.
Posted by rickpic on :
hey G-Ho the ask is .0302
Posted by rickpic on :
make that .0304
Posted by rickpic on :
nice fill there G-Ho
Posted by rickpic on :
The daily splits list is out and BTSI is not on it yet today! They do however update the list late in the day, so it could still post after hours!
Posted by Law-Guns on :
I know the split is comming but where did they post when it will happen?
Posted by upekha on :
split is suppose to take place on or before september 28!
Posted by Law-Guns on :
Where is that info posted? I did not see anything on there site about that.
Posted by Superbee383 on :
quote:Originally posted by Law-Guns: Where is that info posted? I did not see anything on there site about that.
I found this on the 1st page of this thread. about 1/3 down the page and not sure it'll really be any help but here it is:
BIO-TRACKING SECURITY SYSTEMS INC. 1 Place Ville Marie, Suite 2821 Montreal, Quebec, Canada H3B 4R4
NOTICE IS HEREBY GIVEN that the following action was taken pursuant to a Written Consent of the Majority Stockholders of the Company:
(1) Our Articles of Incorporation was amended to change our name to Nord Oil International, Inc.; and
(2) We effected a 1-for-12 reverse stock split of our issued and outstanding Common Stock.
The Board of Directors has fixed the close of business on August 29, 2005, as the Record Date for determining the Stockholders entitled to Notice of the foregoing.
The Company has asked brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of the Common Stock held of record by such persons and will reimburse such persons for out-of-pocket expenses incurred in forwarding such material.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
Shareholders of record at the close of business on August 18, 2005, the Record Date, are entitled to notice of the action to be effective on or about September 19, 2005. Each share of our common stock entitles its holder to one vote on each matter submitted to the shareholders. However, because the shareholders holding at least a majority of the voting rights of all outstanding shares of capital stock as of the Record Date have voted in favor of the foregoing actions by resolution; and having sufficient voting power to approve such proposals through their ownership of the capital stock, no other consents will be solicited in connection with this Information Statement.
Posted by redneck woman on :
This was in the Sept 19 Press Release The company also announced that the website http://www.nordoil.com will be officially launched on September 28, 2005. The company also planned to be fully reporting by no later than October 15, 2005 and expects the reverse split and name change to occur on or before September 28, 2005.
Posted by bond006 on :
hi every body i wish i could be here in the days this is sure an exciting time i did pick up some more shares today as far as i can see unless we here some different news tomorrow is the day we are nord i heard that mr amoyt got back from moscow today that was from r/b so maybe a good pr tomorrow glta
Posted by Enjoys$ on :
if the split doesnt occur, what are the chances of getting in at a good pps tomorrow?
Posted by upekha on :
anyone else watching the bid ask rise pre market here! Posted by rickpic on :
the ask is up again here this AM! Posted by matto on :
im watching im in.
Posted by rickpic on :
This will be the last day anyone on this board says they just bought in unless they want to pay .36-.60 for it! Posted by rickpic on :
daily list of splits is out and BTSI isn't on it again! Looks like its not happening today! I needed another day to clear funds anyhow! Posted by bond006 on :
high i hope we get a couple of more days and things don't happen until 10/01/05 or even a little later as far as i can see i need more shares at thes prices
Posted by rickpic on :
Estimated Financial Projections All figures in USD
That's more profit than GM or Ford will make in that same timeframe IMO. Posted by DIGDOUGH on :
stockvapor, are you serious. That seems like a small profit margin for the worlds biggest auto makers. I haven't studied it though.
quote:Originally posted by stockvaper: That's more profit than GM or Ford will make in that same timeframe IMO.
Posted by stockvaper on :
At least better than GM.... _______________________________ GM posts 2Q loss, misses Wall Street forecasts July 20, 2005, 10:38 AM DETROIT (AP) -- General Motors Corp. said Wednesday it lost $286 million in the second quarter, dragged down by a $1 billion-plus loss at its North American automotive operations, and it missed Wall Street's earnings forecast by a large margin.
Posted by G_Ho on :
when's this split going to happen?
Posted by DIGDOUGH on :
OUCH
quote:Originally posted by stockvaper: At least better than GM.... _______________________________ GM posts 2Q loss, misses Wall Street forecasts July 20, 2005, 10:38 AM DETROIT (AP) -- General Motors Corp. said Wednesday it lost $286 million in the second quarter, dragged down by a $1 billion-plus loss at its North American automotive operations, and it missed Wall Street's earnings forecast by a large margin.
Posted by DIGDOUGH on :
Lets get these barrels rolling.
Posted by upekha on :
interesting release today about russian oil/mergers...something like that might happen to Nordoil as well....appreantly no shortage of suitors for Russian Oil companies...
______________________________________________ LONDON (MarketWatch) -- Kazakh oil and gas producer Nelson Resources Ltd. on Friday said it's considering a $2 billion cash offer from Russia's largest oil producer, Lukoil. MARKETWATCH TOP NEWS U.S. stocks turn mixed as third quarter winds down Dow industrials set for first September gain in 7 years U.S. income hit by Katrina in August Machinists back to work at Boeing; slim gain for shares Oil futures fall under $66; natural gas slips 2% Free! Sign up here to receive our Midday Market Report e-Newsletter! TRADING CENTER
TRACK THESE TOPICS My Portfolio Alerts Company: Oil Co Lukoil Add Create Company: Conocophillips Add Create Get breaking news sent directly to your in-box Edit My Portfolio | Edit Alerts
Toronto- and London-listed Nelson (CA:NLG: news, chart, profile) (UK:NLG: news, chart, profile) , an oil exploration and production company with operations in the Republic of Kazakhstan, said it has formed a committee to review the C$2.57 a share proposal. Nelson added that both parties have agreed to negotiate definitive agreements by Oct. 12.
The price offered by Lukoil (LUKOY: news, chart, profile) (UK:LKOB: news, chart, profile) is 13% lower than Nelson's closing price of C$2.96 on Thursday. Nelson shares slid 7% in London.
The offer comes on the heels of Russian gas group Gazprom's deal to buy oil group Sibneft for $13.1 billion.
Nelson said that the committee is particularly focused on insuring that an offer is made for 100% of Nelson shares. Nelson's principal shareholders hold 57% of the company.
Lukoil, which is 14.5%-owned by ConocoPhillips (COP: news, chart, profile) , is trying to expand beyond Russia to escape a rising tax burden there.
As part of a drive to grow its reserves, Lukoil is also in talks to buy half of the Kazakh oil venture it has with the China National Petroleum Corp.
Lukoil is also one of three serious contenders for the acquisition of Yukos' stake in Lithuanian producer Mazeiku Nafta, along with TNK-BP and Austrian Baltic Holding.
Earlier this month, Nelson said it remains confident it will meet its 2005 guideline production guidance of 32,531 barrels a day on ramped-up drilling activities in the second half of the year.
Looking ahead to 2006, BMO Nesbitt Burn said in a note to clients that it sees growth at the Alibekmola and North Buzachi fields to underpin production, which is expected to average 45,348 barrels a day.
Still, higher taxes could take a toll.
"Although Nelson stands to benefit from a currently robust crude oil price environment, excess profit taxes may very well be incurred in 2006, thereby resulting in a higher than expected effective tax rate and effectively truncating profitability upside," the broker said
Posted by Thorn on :
Did we ever get a definate date on the r/s? I could not locate it if it exists. Posted by Bluemound_Freak on :
No just sitting on our hands!
Posted by DIGDOUGH on :
NORD OIL WHERE ARE YOU? SOME NEW INFO WOULD BE APPROPRIATE FROM OUR COMRADES. DAMN KREMLIN BEAUROCRACY.
Posted by bond006 on :
i guess somebody could call mr amoyt the phone number is on the nord web site
Posted by DIGDOUGH on :
I'm considering calling. I suppose multiple calls are better than single ones. No explanation seems odd, but I guess they are adhering to the penny stock mentality.
Posted by xspennies on :
i don't understand why this is taking so long... stocks are splitting all around us but here we sit. maybe its taking longer because they want to go the the nasdaq or amex instead of just otc. that would be a kick wouldn't it?
Posted by upekha on :
the have always been behind schedule (see the month it took with the website) but they have always followed through...but calling would be a good idea to calm everyone down...
Posted by DIGDOUGH on :
I just called Nord. A lady answered the phine in french. I asked her if la fles le petit bouguw. She said No. just kidding. She said she speaks english and connected me with Amoyt. Got a recording that he is unavailable today. Leave a message. I hung up. Thats the name of that tune. 59 cents a minute to call Quebec on my plan. There should be news soon. Nord said they were going to do something by the 15th of Oct.
Posted by xspennies on :
I called and left a message... can't hurt. Plus, I didn't use any high-school french so I'm sure he'll understand my message!
Posted by DIGDOUGH on :
oui
Posted by bond006 on :
hi just got off work i think we should know something by thursday if not relax this is the real deal just waiting for the sec to go ahead you will see soon.
Posted by 37Black on :
I was just looking at my account and the bid/ask on this is .025(bid) .04(ask) but of course it doesn't trade after hours, right? Does that mean anything? Mimi
Posted by upekha on :
I called Finkelstein Capital yesterday but Mr. Ayot was was out of the office but should be back today.
I think the recent decline is not very indicate of what is to come. There is pretty thin volume -really no major selling under way. It would probably just take one sizeable 500'000 share order to get it back to .03...seems like most are just holding and some are too impatient..
Posted by DIGDOUGH on :
My scottrade account says something next to my btsi share amount about reverse split for about 2 weeks now, but my share count hasn't changed.
Posted by Thorn on :
Looks like it took only around half that amount to get back to .029 .
Posted by xspennies on :
COMPANY REPLY TO EMAIL!!!!!!!!!!
Jean-Francois Amyot
to me
Oct 4 (16 hours ago) Thank you for you email and comments. The reverse split will be completed shortly, most likely this week. Please note that we are more concern about building a real business for the long term and do not worry about short term price movement in the stock. We expect to release information to the public on a timely basis but are not pushed like many to make announcements at all cost. We have an experience team of professional working on making this corporation a success for the long term with news that will exceed everyone's expectation in the short term as well.
We thank you for your inquiry and comments and we welcome all shareholders to voice their opinion. Please do not hesitate to contact us again,
Sincerely,
NORD OIL INTERNATIONAL INC.
MIDLAND BARING FINANCIAL GROUP
Jean-Francois Amyot Managing Director
1 Place Ville Marie, Suite 2821 Montreal, Quebec, H3B 4R4 Tel. 514-448-6710 Fax. 514-448-6712
Heh. Even though he basically snubbed the stockholders, you got to admit that was a great reply. Go Nord Oil!!
Posted by xspennies on :
Can't have it all... I like the part about "news that will exceed everyone's expectation in the short term".... wonder what it is???
Posted by xspennies on :
i hope this one makes me some bank as I bought AMEP at some inflated prices the other day....
Posted by Thorn on :
quote:Originally posted by xspennies: Can't have it all... I like the part about "news that will exceed everyone's expectation in the short term".... wonder what it is???
Maybe it means..."or if requirement can be met, the company will request to trade on the AMEX or NASDAQ SCM."
Posted by Bluemound_Freak on :
Maybe it means that by next Friday this thing will be up and running like they originally said! Oct. 15th ????
Posted by upekha on :
looks to me like a shake out before the news are out. I think we are getting very close to the news...might be one more last chance to get filled at pretty much discount prices...
Posted by Bluemound_Freak on :
I hope you are correct, my optimism is keeping me in this!
Posted by Hawaii Eric on :
Correct me if i'm wrong please.
Given that there's a windfall profit tax on oil companies in Russia, BTSI is worth the same at $80/barrel as it is at $50/barrel?
Maybe not everyone knows this and this explains the recent drop in price (aside from the market makers doing their pre-split price drop).
Posted by bond006 on :
no need to correct you Hawaii the Russian tax was brought up several times on the last post and first post and all the valuations are figured on the higher tax on the first post which still makes this stock very under valued there is all rumors of the tax sittuation even becomeing less of a burden by being lifted some. this is just a rumor.any i am sure we are going to make money in this and i am buying imho
Posted by upekha on :
it doesn't really matter whether the pps is .02 or .025...the evaluation after the r/s and the expected move to the board will take of us all...
Posted by Bluemound_Freak on :
I think you are correct. This is the week for some action on BTSI!
Posted by bond006 on :
Are any of our people taking advantage of this time to buy more i have also if you want check out raging bull 2create has independently check out some of the personel and he says we are in good hands. I think we will all be suprised when Oct 15th comes around if we are on schedual. glta
Posted by Hawaii Eric on :
In order for me to buy more i'd have to sell other stocks that i don't want to sell...yet.
As it stands, this is the single largest holding of mine by far.
Given that i'm not buying any more i wish it would stop dropping and go up up up...and up some more. Today was good; though I was happier when it was at 0.03/share.
Posted by Bluemound_Freak on :
Added some more of this this A.M.
Waiting on the 15th and hoping that they are on schedule.
Posted by Hawaii Eric on :
I had a couple of stop losses get hit in other stocks so am now buying more of this.
You know the saying "don't put all your eggs in the one basket"? What if you can't afford another basket? I'm not there yet, but my eggs are definitely weighing the basket down.
Posted by bond006 on :
i had to cut my order back and raise the price to get in today could only get 60000 today
Posted by bond006 on :
I think that this will get very interesting in the next couple of days if they keep to there sechdule
Posted by Bluemound_Freak on :
I only had enough to by 74K so I am as deep in this now as I am AMEP! I hope they both start to play music real soon...........I too have Oct 15th circled on my calendar!
Posted by flyboy on :
Apparently this was emailed by the president to another investor last night. What is everybodys thoughts on this.
Mr. Amyot emailed me back... YEAHHHH!!!!
"Thank you for your inquiry. The reverse split is effective with the transfer agent as well as the State of Florida. We are waiting for confirmation from the NASDAQ to make the ticker and name change effective. This should happen over the next several days. As far as drilling plans, the company already has 9 wells in-place and new wells are only planned for 2006 and 2007 as we expect to start the production again in early 2006 as indicated by the website. The company expect to produce 2,3 million barrels in 2006 and continue to increase production over the next 5 years with the introduction of new wells. The company expects to produce over 29 million barrels over the next 6 years.
I hope I was helpful with my answers but I would suggest you visit our website for more details on revenue projections as well as planned production. Again, I thank you for your interest and please note that we always welcome shareholder comments and questions.
Thank you again,
NORD OIL INTERNATIONAL INC."
That is what he said just hours ago.
Posted by bond006 on :
Flyboy, This is pretty much what he has been saying all along they offically purchased this on June 15 and it has taken us this long to get where we are at Amoyt has so far done everything he has said he would do and we are 99% there.I don't see any reason for this to change and i have put my money where my mouth is. glta Posted by JOELGA on :
That is exactly why I love this company so much. When they release a PR, you can count on them following through with it! I also love the fact that Mr. Amyot is so confident with the direction of the company that there is no need to worry about the short term price of the stock. And of course I love that BTSI is so undervalued right now, and I will continue to buy while I can. Unlike other pennies, I see BTSI as huge long term performer that will be consistant with their forcasts. GLTA
Posted by DIGDOUGH on :
I have a problem with exactly when the reverse split is nailed down to. People are still buying shares at the original valuation as I type. Including myself. So, thats a little confusing. It sounded to me like everything is up in the air except that we are supposed to hear something on the 15th.
Posted by Hawaii Eric on :
As I understand it Dig, we are awaiting either the SEC and/or NASDAQ to implement the split and symbol/name change. All the other approvals have been completed apparently.
The 15th was the original goal stated in a past PR but other items were completed earlier than that like the website being made available and filled with information and bringing financial filings upto date.
So now we just wait, or buy more and then wait.
Posted by Bluemound_Freak on :
I was hoping that with the 15th Lurking that we may possibly get some life pumped into this thing today, one hour left!
Posted by Thorn on :
I am thinking:
1) "life" will come to the stock after the split, and 2) don't be surprised if the split is delayed.
Posted by Bluemound_Freak on :
quote: I am thinking:
1) "life" will come to the stock after the split, and 2) don't be surprised if the split is delayed.
Yeah, I am thinking that it will be a day or two myself, but I am forever the optimist when it comes to this stock!
Posted by DIGDOUGH on :
quote:Originally posted by Bluemound_Freak:
quote: I am thinking:
1) "life" will come to the stock after the split, and 2) don't be surprised if the split is delayed.
Yeah, I am thinking that it will be a day or two myself, but I am forever the optimist when it comes to this stock!
Tomorrow is the 15th, I guess nord is going to work on Saturday.
Posted by Bluemound_Freak on :
Must be big to get a Saturday work day!
I was wondering about that, why would you announce that you would be up and running on the 15th knowing that the 15th is a Saturday?
Any Answers?
Posted by Thorn on :
because....it's a ballpark figure, maybe? Hmmm? Posted by bond006 on :
This post comes from R/B by 2Create in regards to the split. it is coming
This just in regarding split!.....
Contacted the TA this afternoon. They got a hold of the company...Company had to amend the 'Articles' and Corporate Resolution....The Attorney has the amendments ready...(was 'rushed to the hospital'...with the files), no details as to what happened, but no indication of anything too serious...will be back on Monday, is o.k. Filing of amended docs to the NASDAQ on Monday (I believe by electronic submission)...Split will them most likely take effect on Wednesday. Whew....This is like watching a good movie! LOL Also.....The new Finkelstein Capital/Midland Baring Financial Group website is now up and running!....Impressive list of partner links....One of which is well known 'Westminster Securities Corporation' who controls two seats on the New York Stock Exchange, has offices in Toronto and New York...member of the AMEX and employs there own MM Pershing & Co, owned by (Credit Suisse First Boston)....just FYI, we Also are the featured company under IR 'News' www midlandbaring com/eng/index.asp?pg=news (put dots on link)
Posted by DIGDOUGH on :
quote:Originally posted by Thorn: because....it's a ballpark figure, maybe? Hmmm?
We need an oil field figure. Posted by Hawaii Eric on :
annual report filed
Posted by flyboy on :
what does it mean for shareholdrers?
Posted by Hawaii Eric on :
It means that BTSI is now fully reporting. That's one of the hurdles that must be jumped in order to move to different trading venue (NASDAQ/OTC or maybe even AMEX). This of course means that there would likely be more interested in this stock and would provide more liquidity and possibly even higher prices.
Posted by DIGDOUGH on :
It seems like a pr would be coming on something like that. It sounds good, but more people than us need to know. Thanks brudda
Posted by blake on :
quote:Originally posted by Hawaii Eric: annual report filed
cant find anything in edgar, where can the annual report be found?
Posted by stockvaper on :
Annual Report is on pinksheets (.com)
Posted by JOELGA on :
Well this BTSI train should be leaving very soon. The chart is looking good. And we should hear some good news in the next few days.
Posted by DIGDOUGH on :
I want to see that oil gushin up to the stars.
Posted by DIGDOUGH on :
Yea thats the ticket, gushin up.
Posted by bowlegtroy on :
when is the symbol change and RS again?
Posted by Thorn on :
Symbol change?
RS is any day now.
Posted by bond006 on :
From 2Create on Raging Bull 2nd call to transfer agent.
GM, the latest filing that occurred on Monday was late in the day after 1700 hours...So even 2 days form that would be tonight....However I did talk to the TA again this afternoon...JF Amyot contacted her this morning via email with yet another part of the required filings.....However she was under the impression that it was the Corp Res and Articles that were still missing....Which JF Amyot resent to her this AM...However I reminded her/brought her attention that the latest filing indicated that they were being filed concurrent with and attached thereto by addendum as Exhibits 3.1, 3.11, 3.2...whatever it was, as indicated at the very end of the filing....She was not aware of that inclusion...Is checking on that now and is suppose to call me later. That's all for now.
Posted by Thorn on :
No activity today...could it be that the r/s is finally in process?
Posted by DIGDOUGH on :
Who knows what could be right now. I got a recording the times I called Canada. This line is no longer in service-just joking. I got voicemail.
Posted by Hawaii Eric on :
On the Nord homepage it identifies the company as a "junior producer". What the heck does that mean?
Posted by DIGDOUGH on :
juniour producer has to mean that Nord is not a major player in the oil biz. Amount of resources etc., compared to other oil companies.
They are also a very mysterious juniour player at this time, as it is anybodys guess what is going on.
I'm ready to hear something about something.
Posted by rickpic on :
13:26 10/25/2005 BTSI Bio-Tracking Security Inc. Common Stock NDOL Nord Oil International, Inc. Common Stock 1-12 R/S **
Posted by bond006 on :
Thank you Ric now we will see if this starts to climb up up and away
Posted by DIGDOUGH on :
rickpic: Was there a pr or where did you get this info? If you would indulge.
Posted by bond006 on :
Dig I pulled mine off of knobias.com
Posted by mgd723 on :
Here is the link with the infomation on the reverse split taking affect tomorrow.
Great news it is almost like being born again. What i am going to do if the mm's play more games with us for the next day or 2 i am going to be ready with finger on the trigger for maybe that last bargin. glta tomorrow
Posted by iwearpro on :
I just checked my e-trade account and it is showing this at .24 a share with the new trade symbols.
Posted by Thorn on :
Ameritrade has it as NDOL. No price yet but at least we know the r/s has gone through.
Posted by bond006 on :
From Treepeople on IHUB
Posted by: treepeople In reply to: None Date:10/24/2005 7:00:33 PM Post #of 55
It closed at 2 cents, so with 12X, $0.24 PPS should be the start tomorrow. If the MMs try to pay around with it, I’ll be looking to scoop up any cheapies. I feel this will be another one of the few reverse-splits that works out well for shareholders (like recently SCRE to HFGB).
The current 432M O/S is being split 1:12 to become 36M and then added to 180M restricted shares. This 36M float should move nicely on any additional leases/reserves that Nord may have to announce. Regardless it is already a very undervalued play.
Nord Oil -- http://www.nordoil.com [awesome website, should be a model for other oil companies]
$52 million market-cap ($0.02PPS X 12 (reverse split) X 216M o/s)
6,300 BOPD (from estimated production on website: 2,300,000 for 2006 / 365 days)
48 million BOE reserves (15m proved + 33 probable)
“Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.”
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Posted by bond006 on :
InternetWire) Bio-Tracking Officially Changes Name to Nord Oil International an Begins Trading Under NDOL
MONTREAL -- (MARKET WIRE) -- 10/25/05 -- - Bio-Tracking Security Inc (OTC: BTSI) announced today it had officially effected the name change to Nord Oil International Inc. and received a new ticker symbol and will now trade under (OTC: NDOL). The reverse split of 1 for 12 was also made effective at the same time.
"Another milestone has been reached," said Slava Makarov, Nord Oil President. "We have been awaiting this moment for while as well as many shareholders that have inquired about the name change, ticker change and reverse split. We can now continue to grow our oil properties and target further acquisitions," further added Mr. Makarov.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
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Posted by jappie on :
unfortunately no move to other exchange, not yet.. still no volume. ask * 0,75, bid * 0,165. nice spread!
Posted by bond006 on :
More News...& clarification..."Nord Oil Releases Planned Production Schedule" Oct 25, 2005 10:55:00 AM MONTREAL -- (MARKET WIRE) -- 10/25/05 -- Nord Oil International Inc. (OTC: NDOL) released its planned production schedule. According to the business plan and once financial conditions permits, the company plans to produce the following:
2006 2,300,000 barrels 2007 3,680,000 barrels 2008 4,416,000 barrels 2009 5,300,000 barrels 2010 6,360,000 barrels 2011 7,632,000 barrels "With our current proven reserves and probable reserves we can already begin to extract our planned production," said Slava Makarov, Nord Oil President. "However, we plan to continue to build on our existing reserves and acquire further properties and continue to add value for our shareholders," further added Mr. Makarov.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Slava Makarov President Nord Oil International Inc. Vmakarov*nordoil.com 514-591-3666 www.nordoil.com
Clarification: Is that our 'Current' reserves will produce the stated numbers...ANY New reserves will 'INCREASE' the production numbers across the board!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Buy)
Posted by bond006 on :
(InternetWire) Bio-Tracking Officially Changes Name to Nord Oil International an Begins Trading Under NDOL
MONTREAL -- (MARKET WIRE) -- 10/25/05 -- - Bio-Tracking Security Inc (OTC: BTSI) announced today it had officially effected the name change to Nord Oil International Inc. and received a new ticker symbol and will now trade under (OTC: NDOL). The reverse split of 1 for 12 was also made effective at the same time.
"Another milestone has been reached," said Slava Makarov, Nord Oil President. "We have been awaiting this moment for while as well as many shareholders that have inquired about the name change, ticker change and reverse split. We can now continue to grow our oil properties and target further acquisitions," further added Mr. Makarov.
Posted by DIGDOUGH on :
Scottrade shows bid at .23 and ask at .50 with no activity. And it looks like it is unavailable for trade at the moment if I'm not mistaken. I'm glad to see things are rolling along again here.
Posted by bond006 on :
It is not tradeing through e trade yet I only have a tempory id no. no cost or market price yet
Posted by bond006 on :
If somebody else would post something this would be very interesting
Posted by DIGDOUGH on :
Tehnically we don't belong on this board anymore. The stock is over .10, I hope we ca be on the over 1.00 board real soon.
Posted by DIGDOUGH on :
quote:Originally posted by bond006: If somebody else would post something this would be very interesting
What do you want to hear?
Posted by mgordy on :
Should my shares of BTSI immediately transfer to shares of NORD, because my account shows that I don't own either. Thanks
Posted by DIGDOUGH on :
quote:Originally posted by mgordy: Should my shares of BTSI immediately transfer to shares of NORD, because my account shows that I don't own either. Thanks
I think it depends on how your broker handles accounts. Mine on Scottrade shows that I hold btsi#... with a lb symbol following it. # Not available for sale due to a reorg or a tender offer
Posted by bond006 on :
Dig maybe a good joke
Posted by mgordy on :
OK, thanks. I have an account with Harris and it gave no explanation, so I was a little concerned.
Posted by DIGDOUGH on :
quote:Originally posted by bond006: Dig maybe a good joke
Of all the things that I have lost I miss my mind the most.
Posted by bond006 on :
Good joke Dig I gave you 5
Posted by Thorn on :
Ameritrade's streamer shows blank for NDOL, but shows NDOL in my account page with a "last" of 0.24. BTSI is still listed on the streamer and shows -91% (lol).
Joke: There was a blond who went to the doctor because she said her body hurt all over. When the doctor asked her to explain, she pressed her shoulder with one finger and said "ow!" She then pressed on her hip and said "ow!" and on her head and said "ow!"
The doctor said, "hold up your finger." After a moment of examining it, he said, "Your finger's broken."
Posted by madmoney on :
when i left my house alphatrade L2`s showed B/A at .21 x .50 with zero volume. previous close .24 - split adjusted. cant run L2`s at work!
Posted by jazy50 on :
Hey rookie trader, scottrade still shows btsi symbol. what do i need to do...
Posted by madmoney on :
new symbol NDOL working on alpha trade, and L2`s, same.
Posted by DIGDOUGH on :
quote:Originally posted by jazy50: Hey rookie trader, scottrade still shows btsi symbol. what do i need to do...
Call the local scottrade office and tell them to get their Sh!t together!
Posted by flyboy on :
finally some volume
Posted by bond006 on :
we are trading now
Posted by blake on :
quote:Originally posted by bond006: we are trading now
although the ask is at .50 (!!) one can still get in * .24-.26 ...weird..
Posted by Thorn on :
It doesn't appear to be trading. There were some shares traded, but now it is doing nothing on my screen.
Posted by DIGDOUGH on :
I see someone wanted to dump shares way below the ask. I like the ask it is at now. It's fine if it gets higher though.
Bond do you have any idea when NDOL will turn profitable. If they haven't already?
Posted by Thorn on :
Nevermind that lack of trading statement...it appears Ameritrade server is down. Posted by Hawaii Eric on :
I got tired of waiting for NDOL to trade so i placed a limit order of 5000 shares at 0.25 and it just hit. Maybe this will help the market makers adjust their spread accordingly to encourage more trading.
Posted by Bluemound_Freak on :
Must have worked! I got .35 up 40%
Posted by bond006 on :
They most likly are now but they stated a while back the 1st quarter of 2006 they will be turning a profit thirteen wells should be pumping now
Posted by bond006 on :
mm's are going crazy they keep changing bid ask trying to find a levle greedy pigs
Posted by Thorn on :
Unfortunately, I am not yet getting a feed on the L2. All I have so far is a short spurt of trading between 13:11 and 13:26.
What's the L2 look like?
Oh, and when does the stock switch to the over the counter BB board?
Posted by DIGDOUGH on :
Just hold on to my divdends. Don't leave my sight.
Posted by madmoney on :
todays volume was light but the price is holding up well. here is a list of todays trades, small blocks but wide price swings. looking for a range?. L2`s look good but holders may be anxious as sell side pressure seems high, we need more exsposure and interest witch i think will come soon. good luck longs!. I`m in!! NDOL(2005/10/26) Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend 15:48:18 666 0.27 - OTCEQ_NBB 15:48:18 666 0.28 - OTCEQ_NBB 15:48:15 4000 0.35 + OTCEQ_NBB 15:48:15 4000 0.27 - OTCEQ_NBB 15:25:36 5000 0.27 - OTCEQ_NBB 15:25:36 200 0.27 - OTCEQ_NBB 15:25:36 200 0.35 - OTCEQ_NBB 15:25:36 5000 0.37 + OTCEQ_NBB 15:25:33 1067 0.27 - OTCEQ_NBB 15:25:33 1067 0.40 + OTCEQ_NBB 15:25:27 133 0.40 + OTCEQ_NBB 15:25:27 133 0.21 - OTCEQ_NBB 13:26:12 1416 0.35 + OTCEQ_NBB 13:25:18 620 0.27 + OTCEQ_NBB 13:25:09 1720 0.26 - OTCEQ_NBB 13:25:09 380 0.27 - OTCEQ_NBB 13:25:09 2100 0.31 + OTCEQ_NBB 13:24:36 5000 0.25 + OTCEQ_NBB 13:16:24 10000 0.25 + OTCEQ_NBB 13:16:24 500 0.235 - OTCEQ_NBB 13:11:54 5000 0.25 - OTCEQ_NBB 13:11:54 2000 0.25 - OTCEQ_NBB 13:11:54 120 0.30 + OTCEQ_NBB 13:11:33 5000 0.21 - OTCEQ_NBB 13:11:03 1020 0.25 + OTCEQ_NBB 13:11:03 16666 0.21 - OTCEQ_NBB 13:11:03 1167 0.24 + OTCEQ_NBB 13:11:03 2250 0.22 - OTCEQ_NBB 13:11:03 2500 0.24 - OTCEQ_NBB 13:11:03 1998 0.25 + OTCEQ_NBB 09:42:45 6579 0.24 - OTCEQ_NBB 09:42:45 200 0.24 - OTCEQ_NBB 09:42:45 800 0.26 + OTCEQ_NBB 09:42:45 13750 0.21 OTCEQ_NBB---- actualy if you think about it this volume split adjusted for dollar value is about average and that is a good sign! Posted by blake on :
quote:Originally posted by madmoney: todays volume was light but the price is holding up well. here is a list of todays trades, small blocks but wide price swings. looking for a range?. L2`s look good but holders may be anxious as sell side pressure seems high, we need more exsposure and interest witch i think will come soon. good luck longs!. I`m in!! NDOL(2005/10/26) Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend 15:48:18 666 0.27 - OTCEQ_NBB 15:48:18 666 0.28 - OTCEQ_NBB 15:48:15 4000 0.35 + OTCEQ_NBB 15:48:15 4000 0.27 - OTCEQ_NBB 15:25:36 5000 0.27 - OTCEQ_NBB 15:25:36 200 0.27 - OTCEQ_NBB 15:25:36 200 0.35 - OTCEQ_NBB 15:25:36 5000 0.37 + OTCEQ_NBB 15:25:33 1067 0.27 - OTCEQ_NBB 15:25:33 1067 0.40 + OTCEQ_NBB 15:25:27 133 0.40 + OTCEQ_NBB 15:25:27 133 0.21 - OTCEQ_NBB 13:26:12 1416 0.35 + OTCEQ_NBB 13:25:18 620 0.27 + OTCEQ_NBB 13:25:09 1720 0.26 - OTCEQ_NBB 13:25:09 380 0.27 - OTCEQ_NBB 13:25:09 2100 0.31 + OTCEQ_NBB 13:24:36 5000 0.25 + OTCEQ_NBB 13:16:24 10000 0.25 + OTCEQ_NBB 13:16:24 500 0.235 - OTCEQ_NBB 13:11:54 5000 0.25 - OTCEQ_NBB 13:11:54 2000 0.25 - OTCEQ_NBB 13:11:54 120 0.30 + OTCEQ_NBB 13:11:33 5000 0.21 - OTCEQ_NBB 13:11:03 1020 0.25 + OTCEQ_NBB 13:11:03 16666 0.21 - OTCEQ_NBB 13:11:03 1167 0.24 + OTCEQ_NBB 13:11:03 2250 0.22 - OTCEQ_NBB 13:11:03 2500 0.24 - OTCEQ_NBB 13:11:03 1998 0.25 + OTCEQ_NBB 09:42:45 6579 0.24 - OTCEQ_NBB 09:42:45 200 0.24 - OTCEQ_NBB 09:42:45 800 0.26 + OTCEQ_NBB 09:42:45 13750 0.21 OTCEQ_NBB---- actualy if you think about it this volume split adjusted for dollar value is about average and that is a good sign!
Posted by blake on :
oops - fat finger syndrome again , sorry folks! Hmm, if the wide swings continue, there might still be some buy opportunities, even at pre-split levels (.24=.02). At this point this now seems like a real investement - no longer a 'penny stock'...
Posted by flyboy on :
nice 25% gain today. I believe we will see more volume as the days go by
Posted by blake on :
this thread needs to be moved - Bob: pls move it to the above .10 cent section ..(perhaps you can also start an 'above $ 1.00/section' for this stock - will soon be needed ;-)
Posted by Thorn on :
No, this thread does not need to be moved...people just need to start posting under the NDOL thread. BTSI is history.
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when i say price per barrell in russia i mean the russian tax structure![[Smile]](smile.gif)