If anybody's still listening out there....
Called Stan "The Prevaricator" Schumlan today regarding Nemdaco, and got these pearls of wisdom.
There will be significant news coming out next week. Monday even! So he said. Imagine that. Significant news, and only a few days away.
I asked him when will NCVI start to trade. And he said, that's up to the SEC. So I said do you have any idea of how the process is going, an approximate date? He fudged and said nothing. So I asked, are you still predicting it will open around $5? He said yes. I asked, I heard the Chinese brewery deal didn't happen. Anything on that? He said it was still in negotiations. I asked when will Wolecko start to trade. He said ask the SEC... and so on. He either answered nothing, or said, "I can't say," to just about everything, and the whole time sounded like he really wanted me to hang up. So I said, "Oh hell," and did.
That's that. I am certainly NOT hyping here, I am only reporting that "big news" is predicted by a guy nobody on this board would trust for ten seconds.
The question of the day is this: is is worth averaging down at this point? I actually did a few weeks ago. Averaged down from $1 (agghhhh!) to about 50 cents (cost practically nothing to get there, so why not?). Anybody think it's worth throwing more good money after bad and averaging down to like 12 cents, hoping to bail out if it ever gets to 13 cents? At least this gives us something to discuss while we await the "big news."
Oh yeah, I had the impression the news has something to do with NCVI, but I couldn't pin him down. I'm not terribly aggressive about such things, so if anybody else wants to try, call him at 818-884-5969.
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