posted
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...
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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.
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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.
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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.
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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?????
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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 »
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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posted
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
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...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.....
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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....
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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.
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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.
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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.
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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posted
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???
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.”
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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........"
posted
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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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
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