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Author Topic: NMCX .015
iwannna
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Could .004 be the bottom?
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Fuzzy1018
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it definatly looks like it wants to turn now
.005/.0055

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dinner42
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it wants to turn and maybe it will. unless its a head fake. Funny its right where it was 1 year ago.

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Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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Fuzzy1018
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some buying pressure and this will go imo
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iwannna
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you think it will reach 200mil volume today
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Fuzzy1018
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200mil not far away, upticked to .006
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iwannna
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getting more buys now , any sale seems to take it back down to .005
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Fuzzy1018
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.006 getting hit
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iwannna
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come on .0065
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Fuzzy1018
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there we go .0065; l2's extra thin now
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Fuzzy1018
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about to break .0065
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iwannna
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ask at .007 [Cool]
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Fuzzy1018
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nice
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iwannna
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ask at .0075 [Big Grin]
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Fuzzy1018
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hurray! nice comeback
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DasTexan
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at least its recovered from that horrific morning.


i nearly had a stroke.

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Fuzzy1018
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yea, lets see what tom. brings
Good luck all

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dinner42
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what a ride!

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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Fuzzy1018
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keep an eye on this one today people; almost 200mil volume yesterday could bounce big
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Fuzzy1018
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need some more volume here, l2's real thin
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Fuzzy1018
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no real resistance till .01; volume dry compare to almost 200mil yest.
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Fuzzy1018
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bid building
.0055/.0065

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Fuzzy1018
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.006/.0065
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dinner42
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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..

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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dinner42
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1.7 billion Over Issued
« Thread Started on Today at 7:52pm »

--------------------------------------------------------------------------------
Number of Shares Authorized

Common.................................3,400,000,000
Convertible Preferred................600,000,000
Convertible Preferred "A"..........600,000,000

Number of Shares Issued

Common.................................2,323,282,819
Convertible Preferred................240,292,912
Convertible Preferred "A"..........500,000,000


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....

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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Fuzzy1018
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.0065 getting hit, should break through soon
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dinner42
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.0055 closed up 10% friday, many say they are getting back in next week.. hmmmmmm

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Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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alohar1
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I got in on thursday. this one should go. It seems that is close to bottom and it should go to .02
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Doctoall
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Bumping forward

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Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

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alohar1
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slow and steady. confirmed buy today
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dinner42
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Aloha, alohar1

GLTya, welcome.

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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alohar1
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thanks dinner. New at this and way in the hole. LOL it would be nice to see a little green.
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dinner42
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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

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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dinner42
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What, no hoopala from you guys today?

--------------------
Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy

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alohar1
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yeah I'm stoked. Doubled up on this one.
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