Something good is happening to NGCG. I don't know what, may be the merger is coming thru or they may signed a major distribution deal. It is about time. Hope it goes back to $1.00
They only have 2 million shares including the dilution(850k ). So what are you #$%$ about?. They got rid of the note which was due and the conversion price was agreed upon when they signed the note.
The deal was written when they received the loan, and the originators of the loan made some money. It is difficult to blame the company or the holders of the bond. It was done when the PPS was lower.
May be within 2 days, if it has happened. I think that is the most reasonable explanation I can think off, they might have sold at a discount to 2.34 which was yesterdays closing price. Any how we may have to wait a while or take a loss. I only have 1.5K shares. Thanks.
@2.90, I suspect that they have done a 2ndry, otherwise it seems very unusual. I was expecting it to hold 2.65-2.75
Thanks, it is a very good report. The company beat by .14, revenue increased by 37%, and cash 11 million, but what is the catch?.
Something very strange is happening boss. Someone is deliberately trying to hold it down by showing almost 200k shares for sale at 1.95. It should have hit 2.5- 3.00, I don't know what is happening.!!!!!!
The holders of the stock is selling 40.6 million shares. Please check the Dow Jones News. Idon't have the price, but gsmort3 says it is 0.61
just decided to sell 40. million shares, but I don't know what price. See the news on TD Ameritrade.