posted
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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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posted
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?
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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
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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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
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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.
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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
Copyright Business Wire 2007
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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