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Originally posted by juice:
this is amazing--->
And here is the kicker, I asked him how he plans to meet the listing requirments for AMEX or NAZ and he said when I release the numbers for 2nd Q, this will fly. While the stock is up, I will announced a 15MM-20MM share retirement(details still being worked). I believe he said he wants the share count around 30MM total O/S.

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Originally posted by Mad Texan:
Well, that was a sucky day. I am thinking of buying SUTR next week and see that you (JUICE) are in that one. Think I can get shares at 6 bucks? I have a bid in for 10,000 at 6 bucks.

Have a great weekend guys!

MTex

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Originally posted by PCola77:
Ummm, isn't that highly illegal for him to say? Unless it's in a filing or other PR, I wouldn't go around announcing that conversation, or there could be some pretty serious consequences for the guy that said it and potentially anyone who trades based on that info.

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Just about all of it was previously disclosed information (via past p/r's & filings). Everyone who is thinking about buying NCEY can read through the filings. Its all there, almost black and white. Its soooo obvious that 2nd Q numbers will blow all other Q's out of the water just based on the price of oil and nat'l gas alone-DeStefano just confirmed that progress.

He mentioned AMEX, thats always the place to aim for, and we won't be otcbb for much longer once numbers are reported and pps catches up-no surprise there...

This is the first mention of share buyback I've heard, and as of right now just an intention (and a great intention may I add), and it may happen who knows-if anything it indicates the positive direction of management to protect shareholders moving forward. (if history is any indication, not a single diluted share for 1.5 yrs, so maybe a buyback? or conversion to preferred shares to reduce O/S)

Again, like you said, nothing is set in stone until confirmed via filings and public release as New Century moves forward...no worries, and best of luck to you PCola!

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Originally posted by LuvThaCash:
NOTE
2 - GOING CONCERN

As shown
in the accompanying consolidated financial statements, New Century incurred
recurring net losses of $562,701 and $2,156,065 for the three months ended
March 31, 2008 and 2007, respectively, and has negative working capital of
$22,040,140 and an accumulated deficit of $33,433,715 as of March 31,
2008.

The
Company has maintained a satisfactory credit relationship with the primary
lender over the past 33 months, as it has made its principal and interest
payments when due, or has successfully negotiated amendments to its various loan
agreements providing more flexible terms if and when needed. The Company has
successfully financed four of its five acquisitions with borrowings from this
primary lender, Laurus Master Fund, Ltd. (“Laurus”), with the remaining
acquisition being a cash purchase. Accordingly, the Company is uncertain that it
will be successful in meeting its working capital requirements through the end
of 2008, including the successful negotiation of a refinancing of both its $11.1
million balloon payment under the $15 million Secured Convertible Term Note, due
June 30, 2008, and the $6.4 million balloon payment under the $9.5 million
Secured Term Note, due July 1, 2008.

Our
growth and continued operations could be impaired by limitations on our access
to the capital markets. In the event that we do not generate the
amount of revenues from our oil and gas properties which we anticipate, and/or
we decide to purchase additional oil and gas properties and are required to
raise additional financing, we may be forced to scale back our operations which
would have a material adverse impact upon our ability to pursue our business
plan. We have no commitments from officers, directors or affiliates
to provide funding. There can be no assurance that capital from
outside sources will be available, or if such financing is available, it may
involve issuing securities senior to our common stock or equity financings which
are dilutive to holders of our common stock. In addition, in the
event we do not raise additional capital from conventional sources, it is likely
that our growth will be restricted and we may need to scale back or curtail
implementing our business plan.

The
conditions described above create substantial doubt as to New Century’s ability
to continue as a going concern. The consolidated financial statements
do not include any adjustments to reflect the possible future effects on the
recoverability and classification of assets or the amounts and classifications
of liabilities that may result from the outcome of this
uncertainty.


** All in the 10-Q report. Might want to pay attention to wether or not they renegotiate
before end of month.

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Originally posted by TruthLiesWithin:
Hey Juice...

You know rarely do i get that little tingly feeling about something I know is a sure thing.

NCEY is giving it to me, and I am trying to remain patient.

The other gas play, HTOG is totally stumping me..

Looking a the revenues of these companies all around, there are some that have less shares in the float, and triple the income, and trade for pennies, or way less.

After 15 years of this same MM crap, I wonder when I will quit this....

I wish the dot com days would return...

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I hear ya... market is a funny place. But I definitly have the tingles here! It's gonna take patience, but the story will unfold and NCEY will be found.. and then well, we're rich of course

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