Good levels for the past week or so. Many eyes on the ball. Hope to see good things on the horizon.
Posted by tyleemary on :
1 - 2 Dollars by end of year.
Posted by beatheodds on :
Whats the news with this stock?
Posted by tyleemary on :
That is just it, NO NEWS. Kinda keeps me on edge . Somebody on here said Aud. Fin. coming.
Posted by dinner42 on :
Heads up!!
3rd party review is another day closer and PPS has heald steady for a while. looks good, looks real real good. IMHO
Posted by bb money on :
uptick .0155x.016! Any news on when the audited financials are out?
Posted by dinner42 on :
3rd party review began today as confirmed on the NMCX message board.
closed at .0169 ask .025
Posted by tyleemary on :
quote:Originally posted by dinner42: 3rd party review began today as confirmed on the NMCX message board.
closed at .0169 ask .025
what is a 3rd party review mean?
Posted by tyleemary on :
.
Posted by kittykash on :
looking like a healthy uptrend. anyone else still in this?
Posted by kittykash on :
look at chart!!!
Posted by dinner42 on :
3rd party peer review for Sarbanes-Oxley Audit. (to answer your question)
The auditors have chosen to have it reviewed by another firm from what I gather. This is done prior to filing the 10 form with the SEC.
Since the audit is complete according to Investor Relations M. Franco it it likely the company will PR some information prior to the filing phase.
Closed at .02 today !!!
Posted by kittykash on :
hello ! up over 29% this morning!
Posted by kittykash on :
NMC, Inc. Issues Statement Concerning Completion of Audit and Independent Assays
By BusinessWire Last Update: 10/12/2006 9:27:30 AM Data provided by
HENDERSON, Nev., Oct 12, 2006 (BUSINESS WIRE) -- NMC, Inc. (Pink Sheets:NMCX) today announced that a third-party, independent registered accounting firm has completed an audit of the Company's financial statements for the years ended December 31, 2004 through 2005. In conjunction with the audit, independent assayers have also completed chain-of-custody assays of the Company's Skull Valley (Ariz.) ore concentrates.
NMC, Inc. expects to make public further detail concerning the aforementioned documents in the Company's Registration Statement with the Securities and Exchange Commission when filed.
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley claims, the company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights
Posted by kittykash on :
anyone else in this?
Posted by dinner42 on :
kittykash, many are in this. It's just most are on the NMCX message board the ********. I don't think allstocks allows the url to be posted here.
Posted by tyleemary on :
Can you spell it out with spaces?
Posted by tyleemary on :
Better not move more til my 3500K settles. Need 150,000 more shares !
Posted by kittykash on :
thanks dinner, I believe i know of which board you speak.
Posted by dinner42 on :
you can always call IR M. Franco to obtain information. Her phone number is at the bottom of todays PR.
Spelling it out in spaces may cause Tex to zap me. Must play by the allstock rules. There is plenty of contact information available on the pb44.
Posted by dinner42 on :
.028 close, very nice. To bad only a few on this board are following NMCX, where's 10of13 or Tex or Schwabie or Ace etc...
on this stock, ya'll have missed a heck of a run in recent weeks and there's IMO MORE TO COME with this company and the investment and even trading opportunities in the months ahead.
AIMHO,
dinnerfourtytwo.
Posted by tyleemary on :
Supposed to hit 2 dollars or more by end of this year.
Not in a PR, that's 'on the slide' so to speak.
Posted by dinner42 on :
Hey, how do we get yesturdays PR on J_U_ICE's PR announcements?
Posted by tyleemary on :
As soon as it gets above .10, then you will see everyone jumping on this discussion.
I still have 250,000 shares of it. If it goes to what I was told, I will be cutting back my hours at work.
Posted by dinner42 on :
I know people with Millions of shares who are chomping at the bit. Most are between 100k and 700k range.
Been having a time all year.
Posted by tyleemary on :
The pr is on yahoo's page, if that is what you are looking for.
Posted by tyleemary on :
Think of it, a million shares. Every penny up is worth 10,000 dollars.
Posted by dinner42 on :
I have the announcement from my brokerage watch list etc..
I was wondering why Juice doesn't post it. I see posts from companies of lesser value that get more coverage than NMCX, for example: SSSU,AGAI,WNSH and many others. I have traded all and many more, made money on some and took a dump on some. But this NMCX may be the mother load right under our noses, looking forward the the 10 filing announcement.
Posted by tyleemary on :
Think it will keep climbing little by little tomorrow?
Posted by dinner42 on :
Thats the word! Even as some trading and selling occur, many are holding their postitions from what I can see and some have said they can cover their positions at this point and ride on the house. Monday should be very interesting.
Posted by dinner42 on :
.029 looking for .03
Nice volume
Posted by shiftmr2t on :
OK well I am new to penny stock investing. I did a little research on this stock and just bought 5500 shares..not much. But what happened today??? It just dropped 25%. Do you guys think it's going back up?
Posted by bb money on :
shiftmr2t I know some people in on this stock that have alot of faith in it I have actually owned it twice but held like an idiot instead of taking profits when I should have. For all I can tell the price is going up on rumor, they did just recently have a 3rd party review and don't know if they are out of the quiet period yet (check their website). Anyways who knows about this one if you arent sure invest in something else for now there are thousands of others out there. I will be keeping this one on my radar though. GLTA
Posted by shiftmr2t on :
Thanks BB. Typically when they have a 3rd party review it is a good thing correct? I did only invest 5500 shares and realize it's kind of a gamble but where else could I get information on this company? The website is down and none of the financial sites have any info I can find. I may just hang on to this and check back in 3 years haha.
Posted by dinner42 on :
I watching the "ensuing" weeks ahead as I believe another "material event" will be announced on the Buyers Performance on the Skull Valley Ore. Remember this company is getting ready or may have already file with the SEC for re-instatement. They are looking to be a reporting company etc. There was a bit of a sell off today by a few. Most are long on this stock and some like to take a profit when they can. Its a healthy thing IMHO.
hangin tough.
Posted by dinner42 on :
Other message boards cover this in more detail than you will find here. But the Allstocks has a rule on posting the URL's. I could tell ya but then I'd have to .... ....
lol...
Posted by dinner42 on :
Or, if you are a shareholder, you may call the IR listed at the bottom of last weeks PR and ask M. Franco or call the company in Henderson Nevada. 702-837-1163 and ask for the NMCX message board URL that is administrated by faith4more. They will know and will direct you to it.
Posted by tyleemary on :
quote:Originally posted by shiftmr2t: Thanks BB. Typically when they have a 3rd party review it is a good thing correct? I did only invest 5500 shares and realize it's kind of a gamble but where else could I get information on this company? The website is down and none of the financial sites have any info I can find. I may just hang on to this and check back in 3 years haha.
In three years it will be much higher than 2-3 dollars.
Posted by dinner42 on :
3 years.........
Especially if they have started drilling in San Bernardino California and Nevada Sites. There is Core Drilling to be done on dozens of Sites in the region that will over time most likely contain many reserves with hopefully and likely Ore concentrates and Dorie Samples that prove to be "precious". Skull Valley is only a small part of this comapies Mineral Rights. This stock will be on the radar for years to come. We have a lot of visiting to do in the posts and months//yrs ahead....IMO... this is a short/mid/long term investment.
Posted by dinner42 on :
sorry for the typo.... english composition and all.. companys' [possesive](where is the modify post button on this site?/
Posted by whats4dinner? on :
.0235
TradersWorks.com: TUESDAY`S BREAKING NEWS!: RCHN Announces 97% Increase in Net Income, NMCX, ECFL, PYPR October 17, 2006
Dallas, Texas, Oct 17, 2006 (M2 PRESSWIRE via COMTEX) -- TraderWorks reports
news and movements on Rouchon Industries, (OTC: RCHN), NMC, Inc. (OTC:NMCX),
eCarfly, Inc. (OTC:ECFL), PayPro, Inc. (OTC:PYPR) Check and visit us at
TraderWorks.com for more.
Rouchon Industries, (OTC: RCHN) dba Swiftech, announced today that the Company
has increased their 3rd quarter net revenues by 97% compared to 3rd quarter
results from 2005. "Rouchon Industries, dba Swiftech, has continued to build on
our reputation as the leader in the industry. The company went through major
changes in operations last year, and our hard work is paying tremendous
dividends as clearly shown by the significant jump in net revenues. Domestic
sales are on the increase each month and our foreign distribution is just now
starting to pay off from the hard work over the past year," stated Mr. Gabriel
Rouchon, Chairman and CTA of Rouchon Industries. Mr. Rouchon added, "As we come
into the holiday season, our expectations are that we will once again record
substantial sales and revenue increases as we close out fiscal 2006 and look
forward to another record year in 2007." Stock Price: 0.24
NMC, Inc. (OTC:NMCX) recently announced that a third-party, independent
registered accounting firm has completed an audit of the Company's financial
statements for the years ended December 31, 2004 through 2005. In conjunction
with the audit, independent assayers have also completed chain-of-custody assays
of the Company's Skull Valley (Ariz.) ore concentrates. NMC, Inc. expects to
make public further detail concerning the aforementioned documents in the
Company's Registration Statement with the Securities and Exchange Commission
when filed. NMC, Inc. has interests in mining and ore processing. In addition to
its Skull Valley claims, the company owns 7 mining claims of 20 acres each in
Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County,
Calif., in all of which it owns 100% of the mineral rights.
Posted by jimpetro on :
HENDERSON, Nev.--(BUSINESS WIRE)--Dec. 22, 2004--Michael D. Sheppard, chairman of the board and CEO of NMC, Inc. (Pink Sheets:NMCX - News), announced today that NMC, Inc. has sold 137,939 tons of concentrated ore "as is" in the storage pits (approximately 26% of its total Skull Valley concentrated ore inventory) to a private U.S. corporation. The irrevocable contract is valued at $500 million over 10 years. The Company has already received an initial payment of $700,000, and the remainder of an $11 million down payment is to be paid over 24 months. Under the terms of the agreement, the buyer will pay the remaining $489 million over a 10-year period calculated from the date on which the full down payment schedule is activated, which is 30 days after NMC receives its audited financial statements.”
is this still on the table? executable after the audit is complete?????
Posted by whats4dinner? on :
Yes, the buyer is ready to perform from what I am told. This is what we want in the next PR or two. As well as the financials from 04/05, plus the assays and the 10K SEC. These are the pieces to the puzzle that will build confidence the market. In the meantime UBSS and NITE and others are somewhat in control as most MM's are during developmental stages.. etc..
D42
Posted by whats4supper? lol.. on :
More topic conversation,
Disclaimer: Faith4more has previously given permission to post his threads else where as stated earlier this year on the nmcxplatinum MB.
Buyer Performance Questions (Revenue) « Thread Started on Today at 6:04pm »
-------------------------------------------------------------------------------- Now that audit is complete we can expect buyer payment on the irrevocable contract within 60 days. Obviously we all hope for sooner and as long as buyer has waited for this to be complete that hope has some merit imo. We also assume because this is a material event it will be PR'd.
"In requesting the extension, the buyer emphasized that within 60 days of completion of NMC's audit, the buyer will begin making payments according to the payment schedule, as previously agreed."
According to my calculations the outside date would be somewhere around December 11th. (Not that far away imo)
So lets get some discussion going. I have my own answers to these but want to stir some discussion
1. How significant of an event is this for NMCX?
2. When this happens? Will you (choose one)
A. Want to run out and sell your shares B. Want to hold your shares tight. C. Wish you would have sold the minivan walked to work for the next 50 days so you could have bought more shares.
3. How does the market usually view revenue PR's?
4. Does the market reward companies with completed audit but no revenue?
5. Does the market reward audited companies with revenue?
6. Does the fact we have completed an audit lend credibility to a revenue PR?
7. Does the thought of revenue give you warm fuzzies?
Any other thoughts this generates please post. « Last Edit: Today at 6:10pm by faith4more »
Posted by shiftmr2t on :
I bought this stock a few days ago in increments. My average buy price was around .026, a little high. This thing has gone down a decent amount since then. Is everyone just holding their shares here? I'm really in a bind as far as what to do. Should I pull my shares and hope it goes lower so I can just buy more shares for my money? Or should I just hang on and wait til Dec to see what happens. What are other people doing here? I'd appreciate some input, as I'm fairly new to investing. Thanks
Posted by jimpetro on :
...still holding here as well...im in at .022 and will continue to hold. IMO there will be add'l news coming out which will help pps as per the recent news release. but who knows, if it was this easy we'd all be in the money....so best of luck to all, and do your own DD, cuz i dunno anything..... Posted by whats4supper? lol.. on :
I hear there is more news coming. Just don't know if its a week or two or longer. We understand the buyer will perform and this will be PR'd. Currently holding the bulk of my shares. As are all my buds in on this. Some did sell a little on the run. But remember many have been holding for couple of years and many bought below a penny. Mostly I think dumping would not be in the cards as we have all come this far with more news coming soooonn. [hopefully] imo only obviously...etc
best,
d42
Posted by jimpetro on :
once this stock gets movin (imo) we can (in the words of kid rock)..."buy a yacht with a flag sayin chillin the most.....and rock that bitc* up and down the coast!" Yeah!!!!!!!!!!!! here we go!
sorry........just a bit excited is all.... Posted by shiftmr2t on :
Well this has lately had a lot of publicity on the forums themselves. Most people in penny stocks are aware of this stock correct? If there is a PR, we all have been waiting and will not buy additional shares probably. How many people out there would then all of a sudden start to buy? Stocks move up on buyer demand, not news just by itself.
Posted by tyleemary on :
quote:Originally posted by shiftmr2t: I bought this stock a few days ago in increments. My average buy price was around .026, a little high. This thing has gone down a decent amount since then. Is everyone just holding their shares here? I'm really in a bind as far as what to do. Should I pull my shares and hope it goes lower so I can just buy more shares for my money? Or should I just hang on and wait til Dec to see what happens. What are other people doing here? I'd appreciate some input, as I'm fairly new to investing. Thanks
DO not sell, it will hit a dollar or more by X-mas.
Posted by whats4supper? lol.. on :
Well.... hopefully in your humble opinion.
When we get to read the edgar filing and do the math, we will find out how high and how quickly the PPS will rise from .02 to 1.00. That doesn't happen all that much on the pinks/greys.
Best of luck to all make some money.
d42
Posted by shiftmr2t on :
I have faith and this will not break the bank if it turns out poorly. I actually bought some more shares today at .0205 to average down even further. I'm in probably around .0225 now. I know what people say about averaging down but I did not plan to sell my existing shares and I can't anyway (not classified as a daytrader). We shall hope for the best and make a good profit or go down with the ship.
Posted by whats4supper? lol.. on :
I hear ya, especially since most of my shares are paper. Some in IRA and some in open Scottrade account. Got shares all over the place I guess, plus my folks have a boat load..
But if it's one of cactus33 ships over on the Bottom Buster thread, that would be a great way to go. check it out.
lol
Posted by jimpetro on :
this week is going to be very exciting! good luck to all! ....all imo of course....
Posted by dinner42 on :
Thanks jimpetro.
Looking for that next PR on buyers performance. Should be soon.
Go Team Nevada Mining!
Posted by jimpetro on :
climbing back up slowly....a bit of resistance at .023 but managed to close at that price. seems as though sellers are drying up and shares are in more steady hands waiting for that next PR, low volume today.....very curious as to when it will be disclosed....any new info???
best of luck to all!
JP
Posted by dinner42 on :
.02 Friday, could be worse. Lets see what the week will bring eh?
Posted by dinner42 on :
In case you didn't see it...B...D
NMC Inc., Nevada Mining Company Symbol: NMCX
NMC Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns seven mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
Understanding Geology and PGM Formation Skull Valley, Arizona
Comment 1
“FOOD FOR THOUGHT: Here (#1 below) is another DD page. Look at the map location of the Iron King Volcanics on page 50 (second page here). Read page "51" (which is third page here). Read about structures and breccia. Then go back to the other DD page I posted earlier (posted again as #2 here). Read about the structures and breccia.
#1 ... The 1.75-Ga Iron King Volcanics in west-central Arizona: ... Search for a deep-mantle component in mafic ... go to this address on your browser:
“The intent of this info is to demonstrate that there is a massive volcanic assemblage (Iron King) in our geological back yard. Several thousand sq.km. worth. The first document speaks to Iron King.
The second document describes how certain types of mafic-ultramafic intrusions lend themselves to pt placer development. Don't be mislead by the reference to Alaska, the general magmatic origins apply to other referenced locations such as Austrailia, Columbia, the Urals and I would ask you to consider the southwest.
The linkages between the documents come in the connection between relatively low temperature dunite consolidation and the enriched basalt groups resulting from the cooler outer part of the plume head.
Over time the alluvial placer deposits collected in the Skull valley area in heavy pockets. Visible gold was removed, leaving the remainder of the heavy metals behind.
Now some of the bashers may say that this is impossible. The documents demonstrate it is possible. Our assay will demonstrate it is probable and has actually occurred.”
Posted by jimpetro on :
less than 30 days for buyer performance as i've been reading across the boards....hope this holds true and if it does....all of us will be saying "should have picked up some more at .017........"
best to all and good luck!!!
Posted by dinner42 on :
thanks for your post jim.
We are closer to a buyers performance announcement, things should be looking up IMHO.
d42
Posted by dinner42 on :
They're doing the old 9 day count on those other boards. We seem to hold pretty steady at the .0175 I've seen this before, couple of times if I remember correctly. Wouldn't mind buying some more.
~dinner
Posted by dinner42 on :
From: drphil79 Reply To: smokewagon (Msg #1153) 10:02 PM Msg: #of 1155 Keep an eye out for a news release around the 12th.
Posted by dinner42 on :
NMC INC - Nasdaq Other OTC: NMCX
-------------------------------------------------------------------------------- Exchange QuoteLast Change (%) Trade Time Bid (size) Ask (size) 0.0165 0.001 (5.71) 15:51 0 (0) 0 (0) Latest Ticks Prev Close Open Low High =+-= 0.0175 0.0175 0.015 0.0175 Day Volume Avg Day Vol VWAP 52 Wk Low 52 Wk High 12,977,335 N/A 0.0169 0.0034 0.125 # of Trades Last Size Avg Trade Size P/E Ratio Market Cap (mil) 80 30,000 162,217 0 0
Posted by dinner42 on :
This is what all the hubbub is about. It's time for the buyer to start payments.... sooooooooonnnn..some say December 12 2006 or something like that...
NMC, Inc. Announces Sale of 137,939 Tons of the Concentrated Ore Inventory in Skull Valley, Arizona; $500 million sale over 10 years represents 26% of Skull Valley tonnage
Business Wire, Dec 22, 2004 HENDERSON, Nev. -- Michael D. Sheppard, chairman of the board and CEO of NMC, Inc. (Pink Sheets:NMCX), announced today that NMC, Inc. has sold 137,939 tons of concentrated ore "as is" in the storage pits (approximately 26% of its total Skull Valley concentrated ore inventory) to a private U.S. corporation. The irrevocable contract is valued at $500 million over 10 years. The Company has already received an initial payment of $700,000, and the remainder of an $11 million down payment is to be paid over 24 months. Under the terms of the agreement, the buyer will pay the remaining $489 million over a 10-year period calculated from the date on which the full down payment schedule is activated, which is 30 days after NMC receives its audited financial statements.
Sheppard further noted that financial statements for 1999 through 2003 will be posted on the Company's web site (www.nevadaminingcompany.com) as soon as they are received from Pannell Kerr Forster.
Advertisement
NMC, Inc., and its wholly owned subsidiary, Peeples, Inc., has interests in mining and ore processing. In addition to its Skull Valley operations, the Company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif. In all of the above NMC, Inc. owns 100% of the mineral rights.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, U.S. and foreign currency fluctuations, changes in environmental and mining regulations, delays in obtaining regulatory approvals, costs associated with processing ore concentrates, fluctuation in precious metals markets, general economic and business conditions, litigation and other factors. All subsequent forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Estimates of financial results, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
COPYRIGHT 2004 Business Wire COPYRIGHT 2004 Gale Group
Posted by dinner42 on :
.0135 up 12% on 10,000,000 volume. check the chart!
Posted by WinsumLosesum on :
NMC, Inc. Provides Update Business Wire - December 27, 2006 08:55
Over-Issuance of Common Stock Delays Availability of Audited Financial Statements; Payment Received under Ore Concentrates Purchase Agreement; Civil Litigation against Former Principals Continues
HENDERSON, Nev., Dec 27, 2006 (BUSINESS WIRE) -- NMC, Inc. (Pink Sheets:NMCX):
Over-issuance of Common Stock
NMC, Inc. (Pink Sheets:NMCX) announced today that during the audit of the company's financial statements for the years ended December 31, 2004 and 2005, by the Public Companies Accounting Oversight Board (PCAOB)-registered accounting firm, the Company discovered that the number of shares issued by its in-house transfer agent exceeded the company's authorized shares of common stock. This over-issuance was disclosed in the Company's financial statements. Subsequent to the completion of the audit, the Company discovered a more recent over-issuance by its in-house transfer agent. These over-issuances totaled approximately 1.7 billion shares. Additionally, at the time the Company's prior board of directors created the Class A Preferred Shares in July of 2004, there were not, nor are there currently, a sufficient number of authorized shares of common stock to accommodate conversion of the approximately 400 million outstanding shares of Class A Preferred Stock (each of which converts into 5 shares of common stock), now held in a revocable trust by family members of a former officer, director and current shareholder of the Company.
Prior to the discovery of the greater imbalance between authorized shares and issued and convertible shares, the Company had prepared a letter to all shareholders, then intending to make its audited financial statements for 2004 and 2005 available. However, the aforementioned imbalance may require restatement of the Company's financial statements for the years ended December 31, 2004 and 2005.
Management is conducting an internal investigation of the facts surrounding the over-issuance and related matters. Once the board of directors has evaluated the circumstances and impacts of these issues, it will recommend corrective action. In the meantime, the board is exploring possible alternatives specific to the over-issuance, including without limitation, increasing the number of authorized shares and/or a reverse split, any of which would require a majority vote of the shareholders. Pending final resolution of these issues and subject to limitations under Nevada law, the Company expects to treat outstanding shares held by non-affiliates of the Company as having been validly issued.
The Company expects to make audited financial statements available after the resolution of these matters and completion of its audits, including an audit of 2006, by means of the filing of a Form 10 with the Securities and Exchange Commission (SEC).
Having accepted the resignation of its in-house transfer agent as a result of the aforementioned events and other problems, the Company has engaged the services of an external, independent transfer agent. The new transfer agent is expected to begin transfer duties for the Company in January 2007.
Without giving effect to the over-issuance and related issues that may have an effect, NMC, Inc. had an accumulated deficit of approximately $65.4 million at December 31, 2005, principally attributable to the writing off of acquired assets and operating expenses.
During the audit, three independent geologists and two assayers conducted four geological reviews and full custodial assays on all its properties, although only the Skull Valley property was verified for the purpose of the audit.
Buyer Payment
On December 23, the Company received a payment in the amount of $350,000 pursuant to an agreement for the sale of first-stage precious metals ore concentrates for a total purchase price of $500 million to a privately held entity. Per the agreement, additional installments on the down payment of $11 million are payable over the next 23-month period. After the $11 million down payment has been paid, the customer may begin taking prorated possession of the first-stage concentrated ore, and the remaining $489 million balance of the contract is to be paid over 8 years. There can be no assurances that this contract will be fulfilled in its entirety, and there is no prepayment penalty or limitation on assignability.
Civil Litigation
In March 2003, the SEC filed a civil action against two former officers and original members of the Board of Directors. This action continues, with a court hearing scheduled for March 19, 2007. These former officers and original members of the board of directors have resigned, and the Company is not a party to the litigation but has incurred and may continue to incur some expenses attributable to the litigation.
Form 10 Registration Statement
At the present time, management anticipates that a Form 10 Registration Statement--which is expected to contain audited financial information for the most recent three years ended December 31, 2006--will be submitted to the SEC no earlier than the second quarter of 2007.
Communication with Shareholders
In the interim period and prior to the effectiveness of a Registration Statement, the Company has been advised by its legal counsel to limit its news releases significantly; however, the Company anticipates that it will continue to keep the market informed of critical developments.
About NMC
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley claims, the company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities, which solicitation or offer may be made only via prospectus. The registration of the Company under the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
Statements contained in this release that are not purely historical are intended to be forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, risks associated with the Company's ability to complete an audit and obtain registration of its stock with the SEC in light of the allegations against its prior management; the ability of any customer, including the customer whose payment is reported in this news release, to complete its obligations under any agreements with the company; U.S. and foreign currency fluctuations; changes in environmental and mining regulations; delays in obtaining regulatory approvals; costs associated with processing ore concentrates; fluctuation in precious metals markets; general economic and business conditions; litigation and other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
SOURCE: NMC, Inc. Jordan Richard Assoc. LLC Madeleine Franco, 702-256-4905 ir*jordanrichard.net
Copyright Business Wire 2006
Posted by Fuzzy1018 on :
good entry point here imo .008/.0085
Posted by Fuzzy1018 on :
wow i didnt think they would take it this low .006
Posted by iwannna on :
I dont think we have seen the bottom yet
Posted by Fuzzy1018 on :
adding here at .005 lets see
Posted by iwannna on :
Could .004 be the bottom?
Posted by Fuzzy1018 on :
it definatly looks like it wants to turn now .005/.0055
Posted by dinner42 on :
it wants to turn and maybe it will. unless its a head fake. Funny its right where it was 1 year ago.
Posted by Fuzzy1018 on :
some buying pressure and this will go imo
Posted by iwannna on :
you think it will reach 200mil volume today
Posted by Fuzzy1018 on :
200mil not far away, upticked to .006
Posted by iwannna on :
getting more buys now , any sale seems to take it back down to .005
Posted by Fuzzy1018 on :
.006 getting hit
Posted by iwannna on :
come on .0065
Posted by Fuzzy1018 on :
there we go .0065; l2's extra thin now
Posted by Fuzzy1018 on :
about to break .0065
Posted by iwannna on :
ask at .007 Posted by Fuzzy1018 on :
nice
Posted by iwannna on :
ask at .0075 Posted by Fuzzy1018 on :
hurray! nice comeback
Posted by DasTexan on :
at least its recovered from that horrific morning.
i nearly had a stroke.
Posted by Fuzzy1018 on :
yea, lets see what tom. brings Good luck all
Posted by dinner42 on :
what a ride!
Posted by Fuzzy1018 on :
keep an eye on this one today people; almost 200mil volume yesterday could bounce big
Posted by Fuzzy1018 on :
need some more volume here, l2's real thin
Posted by Fuzzy1018 on :
no real resistance till .01; volume dry compare to almost 200mil yest.
Posted by Fuzzy1018 on :
bid building .0055/.0065
Posted by Fuzzy1018 on :
.006/.0065
Posted by dinner42 on :
closed at 55 just about where we were a year ago. Now if it'll just do what it did in 06. There were several times money was made, good money. I got all my money back plus 3 times that in cash and also rolled some out to other stocks and have about a million shares in 4 other companies. It was a good year. Didn't make big bucks but went to school and did okay this year.
Happy New Year.
Maybe a new CEO and new blood would be a good thrust in 2007..Imo MS is a weak kneed CEO and was over his head on this deal with Furlong and crew. I would like to fire ALL of them and bring in a set of real managers..
Posted by dinner42 on :
1.7 billion Over Issued « Thread Started on Today at 7:52pm »
-------------------------------------------------------------------------------- Number of Shares Authorized
Just trying to decipher the meaning of 1.7 billion over issuance from last PR.
Common Authorized is 3.4 billion so a 1.7 billion over issued would be 5.1 billion. The PR speaks about the poison pill and the fact it is convertible at 1 to 5 common but can’t be accommodated for under the 3.4 billion Authorized Common. The 1 to 5 conversion would mean an additional 2.5 billion shares. 2.5 billion plus the common of 2.3 billion plus the regular convertible preferred of 240 million equal approx 5.1 billion rounded up. My point in lining up the numbers is to understand there were not 1.7 billion additional shares brought into the market at least the way I see it. When I first read that is what I assumed. But to my relief if I am understanding this correctly the 1.7 billion represents the part of the poison pill that if converted to common would kick up above the authorized of 3.4 billion. So we already knew the poison pill was in place although because the authorized was never increased to accommodate it. IMO it should be rendered invalid and done away with if possible.
One other point
If the Poison Pill was legitimate which I do not believe it is in my opinion. Originally the Poison Pill above is 500 million (Convertible Preferred A). In the PR it mentions it is 400 million so it "looks"like MF converted without BOD approval 100 million Preferred A into common of 500 million. I assume MF because he holds the poison pill. First if this is the case those shares under rule 144 cannot be converted to common and sold until 2 years which would be Jan. 6, 2007 then they can only be converted at 1% per quarter approx 23 million shares. Plus the fact MF publically stated in a PR the Poison Pill was an anti takeover mechanism and he would not convert those shares So it is apparent these shares should be invalidated as well since they were not legally issued. Under a rule 144 violation if shares are sold into the open market but should not have been the SEC requires the seller to buyback those shares to rectify the fact they should not have been put into the market. So imo the Poison Pill needs to canned and the 500 million shares need to be given back to the company. Important to recognize this was not done by our BOD but appears to be a rogue action by a former BOD member. Obviously, the current BOD recognizes this should not have happened and are moving to rectify it. Hopefully that comes sooner than later
I put this together kind of fast so I hope I got it right. As difficult as this week has been I am glad to see the BOD being transparent and working to remedy this situation.
All IMO
« Last Edit: Today at 10:24pm by faith4more »
thoughts anyone on All Stocks guru list??? Case in point....
Posted by Fuzzy1018 on :
.0065 getting hit, should break through soon
Posted by dinner42 on :
.0055 closed up 10% friday, many say they are getting back in next week.. hmmmmmm
Posted by alohar1 on :
I got in on thursday. this one should go. It seems that is close to bottom and it should go to .02
Posted by Doctoall on :
Bumping forward
Posted by alohar1 on :
slow and steady. confirmed buy today
Posted by dinner42 on :
Aloha, alohar1
GLTya, welcome.
Posted by alohar1 on :
thanks dinner. New at this and way in the hole. LOL it would be nice to see a little green.
Posted by dinner42 on :
I know some who bougtht at 3 cents 3 years ago, yes there is a hole for some. Hope things go well with the buyer performance and direction of management, lota shares out there.
Through out 06,some of my buy points were: just for kicks: .0004(missed that one)
.0038 .0042 .012 .014 .018 ouch, but I got it back. Timing is everything. lol
Posted by dinner42 on :
What, no hoopala from you guys today?
Posted by alohar1 on :
yeah I'm stoked. Doubled up on this one.
Posted by dinner42 on :
do you belong to the NMCX board?
Posted by dinner42 on :
End of week should be interesting, will tell if flippers clean the table or we hold for a new weekly level, this has gone thru these levels many times over the past year or so.. the closing ask is .03 for the evening and will probably open with the ask at .012 in the morning, still a good price IMO.
Good luck to all!
Looking for a PR soooooooonnn...lol
Posted by iwannna on :
Dinner42, I think it is still a good price as well. I am looking at about .028 for a bail point based on past performance. what do you think?
Posted by iwannna on :
modets
Posted by dinner42 on :
"modets"
see amigo. mucho travaco, poquito denaro...lol
looks about right to me.
previous performance shows clearly your entry/exit points. IMO based on the chart history. It certainly wasn't monthly updates or even quarterly updates that did it though. No Funda's other than the specualation on the AF's/Ore Sale excitment(revs)/some Koolaide and a bunch of party animals "the group" and you have yourself all the necessary ingredients to ride a good ride..
GL bud
Posted by iwannna on :
What, how did "modets" get posted and what does it mean? Gess I better not leave this thread up so the kids can mess it up, LOL thanks for the input we will see how it performs today. It would be nice to see it go to .028
Posted by iwannna on :
Press Release Source: NMC, Inc.
NMC, Inc. Provides Update Thursday January 25, 5:45 pm ET Term Sheet Signed Addressing Remaining Class A Preferred and Related Issues; Shareholders of Record: Note Interim Contact re Shares
HENDERSON, Nev.--(BUSINESS WIRE)--NMC, Inc. (Pink Sheets: NMCX - News) today announced that a term sheet has been signed on behalf of a principal stockholder of the Company providing for, among other things, the sale back to the Company and immediate cancellation of the remaining 400 million Class A Preferred Shares ("poison pill") currently outstanding, which potentially would have been converted to 2 billion Common shares. Under the term sheet, which anticipates a definitive agreement addressing all related items, the stockholder has agreed that the remaining 400 million Class A Preferred Shares will be returned to the Company and canceled in exchange for $1.6 million to be added to the Company's indebtedness to the stockholder. The term sheet also provides that the stockholder will compensate the Company (or forgive debt owed to the stockholder) at the rate of $0.01 per post-conversion common share, or $5 million in the aggregate, for 100 million of the Class A Preferred Shares that were previously converted into 500 million shares of common stock. The terms of settlement further require the Company to issue to affiliates of the principal stockholder purchase warrants under SEC rule 144 restrictions for a total of 200 million shares at a strike price of $0.01. ADVERTISEMENT
The principal stockholder has pledged total cooperation toward accomplishing all that is in the best interest of the Company and its shareholders. The agreement also addresses various related issues, including additional payment to the Company and/or netting against debt for any other shares that may have been issued without authorization; completion of an audit of the outstanding shares; the calling of a shareholders' meeting as soon as practicable; releases by the Company in favor of the stockholder and affiliated parties; and related issues.
"I have been very appreciative and impressed with those shareholders who have taken an active role assisting the Company. Their extraordinary efforts, along with those of the NMC board of directors and the principal stockholder, have resulted in an expected agreement designed to allow us to focus on our business plan and set a definitive course for the Company's future," said Michael Sheppard, chief executive officer. "Once our share audit is complete, we look forward to presenting our recommendations to NMC shareholders for ratification. We want to assure our shareholders that their trust is paramount and that their votes will be counted," Sheppard said.
The Company continues to audit original issuances and transfers of Common shares, and management expects to inform shareholders of any adjustments to its previously reported preliminary findings once its audit has been completed.
NMC has selected an independent transfer agent. However, pending the completion of a certified shareholder list following the share audit, the transfer agent is temporarily not in a position to process any transactions in the Company's stock held in certificate form. In the interim, shareholders of record whose stock is held in certificate form are encouraged to contact the following with their updated mailing address, certificate number(s), and number of shares held. Due to anticipated volume, email or fax is preferable.
Madeleine Franco (madfranco*aol.com) Jordan Richard Assoc. LLC 8183 Mosaic Harbor Avenue Las Vegas, NV 89117 702-256-4905; fax 702-256-4910
Friday, December 22, 2006, as previously announced, the Company received a payment in the amount of $350,000 pursuant to an agreement for the sale of first-stage precious metals ore concentrates for a total purchase price of $500 million to a privately held entity. The December 22 payment is in addition to payments totaling $720,860 made by the buyer during 2003. Clarifying information reported in a Company news release issued on December 27, 2006, payments under the agreement subsequent to the December 22 payment are due on or before the last day of each succeeding month. Additionally, the agreement provides that the customer is eligible to begin taking prorated possession of the first-stage concentrated ore as payments are made.
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities, which solicitation or offer may be made only via prospectus. The registration of the Company under the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
Statements contained in this release that are not purely historical are intended to be forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, risks associated with the Company's ability to complete an audit and obtain registration of its stock with the SEC in light of the allegations against its prior management; the ability of any customer, including the customer whose payment is reported in this news release, to complete its obligations under any agreements with the Company; the Company's agreement on the terms of a definitive settlement agreement with the stockholder on a timely basis, or at all; the possibility that regulatory actions against the Company or its prior or former management may hinder the Company's execution of its business plan and attempts to resolve internal and stock issuance issues; delays in obtaining regulatory approvals; costs associated with processing ore concentrates; fluctuation in precious metals markets; general economic and business conditions; litigation and other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
Contact: Jordan Richard Assoc. LLC Madeleine Franco, 702-256-4905 ir*jordanrichard.net
-------------------------------------------------------------------------------- Source: NMC, Inc.
Posted by dinner42 on :
and there it is....
Posted by dinner42 on :
HENDERSON, Nev., Feb 13, 2007 (BUSINESS WIRE) -- NMC, Inc. (Pink Sheets:NMCX) today announced that the Company has signed definitive termination and mutual release agreements with a group of stockholders and independent contractors. The agreements, which document, amend and supersede the term sheet previously announced, provide for, among other things:
-- return to the Company for immediate cancellation of 400 million shares of Class A Convertible Preferred Stock, that had been designated as convertible to two billion shares of Common Stock, in exchange for an increase in the debt owed by the Company to one independent contractor by $1.6 million, the original consideration paid for such shares;
-- the reduction of debt owed by the Company to that same independent contractor at the rate of $0.01 per share, or $5 million, for the 100 million shares of Class A Convertible Preferred Stock that were converted into 500 million shares of Common Stock;
-- termination of seven independent contractor agreements as of December 31, 2006;
-- extinguishment of all amounts owed under those seven independent contractor agreements, including additional monies owed to another independent contractor;
-- a formula for potential additional reduction of the Company's indebtedness based upon the results of its certified share audit;
-- issuance to specified independent contractors of Rule 144 restricted warrants to purchase an aggregate 215 million shares of Common Stock at an exercise price of $0.01 during a five-year term;
-- mutual non-disparagement covenants;
-- a commitment by the Company to take steps to increase its authorized shares to cover any over issuance; it is the board's intention to recommend to our shareholders that we authorize shares, as the board believes a reverse split is not in shareholders' best interest at this time;
-- a commitment by the Company to notice a shareholders meeting in March 2007; such meeting is preliminarily scheduled for March 31, 2007 in Las Vegas(details to follow when available);
-- waivers and releases for the independent contractors and the Company.
"We appreciate the tremendous personal sacrifice and spirit of cooperation of all those who have made this agreement possible at a critical time in our Company's history, most especially two unaffiliated shareholders, and the cooperation of the independent contractors themselves," said Michael Sheppard, NMC's president and chief executive officer. "We look forward to meeting with shareholders on March 31, 2007, in Las Vegas, and to sharing with them management's vision for the future of NMC."
Our newly appointed, external transfer agent is working diligently with brokers and clearing houses to facilitate trading. In order that our Company may complete its certified share count, we ask that all shareholders of record whose stock is held in certificate form contact our Assistant Secretary, Madeleine Franco, at the following email address with their updated mailing address, certificate number(s) and number of shares held. Due to anticipated volume, email or fax is preferable.
Madeleine Franco (madfranco*aol.com)
Phone: 702-256-4905; fax 702-256-4910
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities, which solicitation or offer may be made only via prospectus. The registration of the Company under the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
Forward-looking statements in this release are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, the risk that interpretative and other issues will arise in connection with the implementation of the agreement; that the Company will be unable to promptly complete it audit of its outstanding shares and that results of such share audit may reveal additional issues. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
SOURCE: NMC, Inc.
CONTACT: Jordan Richard Assoc. LLCMadeleine Franco, 702-256-4905ir*jordanrichard.net
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