The future is no different than the past for scamsters like Denny.
It took multiple letters to the SEC but they finally got Anderson.
Calvert is just like him except a little less blatent.
Starting at 6/30/02 which is right after Denny-boy took over, the company had an accumulated deficit of $12.919 million.
At 6/3-/14, a full 12 years under Calverts expert leadership, the company now has an accumulated deficit of $77.448 million.
That means in his 12 years at the helm, he has burned $64.529 million. Or an average of $5.377 million per year.
It went from Nuway Energy to Nuway Medical to Biolargo.
They have never had any revenue to speak of. But they have managed to lose $64+ million while Calvert lives like a king.
The reason its being hyped so hard right now is they have managed to issue a boatload of private placement shares and warrants in the 20-30 cent range and those people need you to sell to.
Yes, you are the patsies who allow Calvert to blow $64.5 million over 12 years, changing businesses multiple times with dozens or even hundreds of material misleading press releases along the way.
All gifts for being a grifter/scamster.
They were all gifts. For destroying shareholder value each and every since he came to this scam.
“The Blaine Group is an incredibly valuable asset to our company. They have the knowledge that comes with hands on experience and resources that extend our management team's reach to move our business forward. We appreciate their commitment to our success.”
—Dennis Calvert, President, Nuway Medical, Inc
Millions & millions of losses over 10+ years and the number of flat out LIES is well in the dozens.
Don't believe me, its ALL in the SEC filings. (except not the lying press releases, he hid them)
Bottom line is if you buy this stock there is a 98% chance you will lose money.
And a 100% chance that your money lines Calverts pocket.
2003 FEB 9 - (NewsRx.com & NewsRx.net) -- NuWay Medical, Inc., (NMED) announced that it received 33 orders for its 3-D ultrasound machines during the first 10 days of 2003. The orders total more than $7 million.
The purchase orders are executed and contingent upon financing approval for each customer.
NuWay assists in the placement of the equipment with medical practices and imaging centers throughout the nation and will receive an ongoing fee for the maintenance and management of the equipment pursuant to lease and rental agreements that are executed simultaneously with the sale of the equipment. …
Mark Roy Anderson, 57, who was disbarred from the practice of law in Nevada, received the prison sentence this morning from United States District Judge Percy Anderson, who also ordered the defendant to pay more than $9.5 million in restitution, which represents the total amount of losses from Anderson’s fraudulent scheme.
Judge Anderson stated that “this was nothing more than an elaborate and concerted fraud by a professional conman,” noting that the defendant “had prior convictions...[that] came from a decade-long frenzy of fraudulent activity in the 80s.” Judge Anderson called Mark Roy Anderson a “financial predator with little regard for the law or harm he causes,” concluding that he was “solely motivated by greed.”
Mark Roy Anderson was remanded into custody in April 2011 after, according to Judge Anderson, he “brazenly violated court orders.” Mark Roy Anderson pleaded guilty to one count of wire fraud and one count of money laundering last July.
You can lead them to water but you cant make them drink !
Sounds like you have been around long enough to know like I have.
Calvert is a CRIMINAL. Its obvious.
while obvious scammers continue to bilk the public.
They aren't pricing Rock Ohio as a zero, they are pricing in the certainty of excessive overhead forever from Lakes corporate.
Maybe he will start buying planes again. Gotta plan today for future write-downs !
Yesterday when I was placing an order to sell 4 shares it was offered at $445.00, so I priced mine at $444.99.
But the offer didn't move down. Then it traded at $450 and I wasn't filled which ticked me off for a minute or so and then my 4 shares crossed with some others at $446.46 which at the time was the high of the day.
I think it later went to $450.
In hindsight, maybe I should have sold more yesterday.
This time, I don't think they round up. Because I had an extra 4 shares in one account that I sold yesterday just so I would have a round lot. I didn't buy an extra share because Im already going to be buying shares in the rights offering, not because I really want to but because I can.