RE:RE:RE:RE:RE:RE:RE:The note holder looking to dump more........Hmmm. I have a fair chunk of this company and could buy all of it maybe. Obviously, there is a predatory shareholder which I discovered a long while ago. I would like to better understand what NLR is trying to accomplish here though. All management has to do is tag a long for the ride with Reyna right now.
I dont understand some things here though. NLR just completed a raise at the end of July for $227,000 approximately. Then in no time NLR spent $90,000 on a Relations and Marketing Consultant? Uhm, why? Reyna is already doing that on your behalf. Most likely Reyna will buy you out at some point. So, if you only have 227k, why would you spend 90k a couple weeks later and blow 40% of your cash on something you already are going to get for free with Reyna, which is marketing?? Then a month and a half later need 50k more and do another private raise giving away 2.2 million shares? Why give away 10% of the shares for 50k when if Reyna hits big with the drills this thing could go to a buck or more? Huh.... You have 227k left in your company and you spend 90k on a consultant for marketing? Seriously? That's how you keep the lights on? By spending all of your money on marketing when it is already being done 100 times better by your partner? Then NLR gives away 2.2 million shares for 50k? Did you really need 50k more? What? Did a friend of the family just want more shares before the drills hit?
So, NLR spent 227k in a month and a half and they needed 50k more? At this rate there will be a 100 million shares outstanding by December.
Realty