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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

Chemicals Specialty Chemicals
"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."

Bullboard (TSXV:NXX)

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Post by withoutabiason Jun 04, 2015 5:07pm

IS NORDEX VIABLE?

Not under the  leadership  of James Taylor. He seems to waste money as quickly as the company raises it.  My local informants in Kirkland Lake tell me there is a total mess at the ...more  
347
Comment by Bboomer2on Jun 04, 2015 4:41pm

RE:Press Release JZT to won 41.6% upon conversion

There's a rumour around that Mr. Taylor will not survive the AGM but has a sweet severance package written into his contract. The Zuckers' plan is to take th company private.........it's ...more  
201
Discussion
Comment by Bboomer2on Jun 04, 2015 4:38pm

RE:Good point goldpolka. Nota Bene PAGE 14 "has not complied...

I wonder if the concrete drive at Mr. Taylor's residence was part of the "Buildings" Expense
144
Discussion
Comment by Bean_and_Dunnon Jun 04, 2015 2:28pm

RE:RE:Press Release JZT to won 41.6% upon conversion

I could not find mention of any new loan dated May 14, 2015 either. This amount should have been mentioned as a post Mar 31, 2015 SIGNIFIGANT EVENT in the MD&A and mention should have been made in ...more  
148
Discussion
Comment by goldpolkaon Jun 04, 2015 1:59pm

RE:Press Release JZT to won 41.6% upon conversion

Thanks for the info. I don't see mention of any interest rate or how long they have to convert ? Also, wonder why a $1 million loan on May 14, 2015 didn't make it into the MD&A released at ...more  
134
Discussion
Post by Bean_and_Dunnon Jun 04, 2015 12:53pm

Press Release JZT to won 41.6% upon conversion

KIRKLAND LAKE, ONTARIO--(Marketwired - Jun 4, 2015) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation")(TSX VENTURE:NXX) announced today that it will seek the ...more  
189
Discussion
Post by MrMayhemon Jun 04, 2015 7:19am

Fire Taylor. Try to save this S@#t show

How much more can shareholders take? Watching the dishonesty and mismanagement from this company first hand, it is apparent it is heading towards bankruptcy. These investigations of misappropriation ...more  
226
Comment by Bean_and_Dunnon Jun 01, 2015 11:37pm

RE:RE:Good point goldpolka. Nota Bene PAGE 14 "has not complied...

"No assurance can be given that such financing will be available on commercially reasonable terms. The ability of the Corporation to arrange such financing in the future will depend in part upon ...more  
164
Discussion
Comment by Bboomer2on Jun 01, 2015 10:42pm

RE:Good point goldpolka. Nota Bene PAGE 14 "has not complied...

Perhaps it''s more correct to refer to Jim Taylors "lack of management skils" rather than his "style" This company is bankrupt whenever the creditors decide to call the ...more  
133
Discussion
Post by Bean_and_Dunnon May 30, 2015 9:18am

Good point goldpolka. Nota Bene PAGE 14 "has not complied...

The company has not complied with the debt coverage ratio covenant on two major loans in total for $2.123 million. Consequently the entire principal amount has been included in the current portion of ...more  
203
Discussion
Comment by goldpolkaon May 30, 2015 8:20am

RE:First quarter numbers are out. Net loss of $303,085

Wonder why they continue to spend CAPEX of more than $300k this quarter with no cash flow from operations...  should be reducing / freezing that until earnings improve, at the least. Seems like ...more  
146
Discussion
Post by Bean_and_Dunnon May 29, 2015 2:35pm

First quarter numbers are out. Net loss of $303,085

There was no MD&A filed at this time. They released these results on Friday in the afternoon. Were they hoping no one would notice?  When it comes to marking in your ballot for directors ...more  
176
Discussion
Comment by goldpolkaon May 29, 2015 9:02am

RE:Double charge for Conroy and Gannon?????

Is it really that material? I mean, the comp for Gannon not that much... and maybe they wanted to test drive Conroy for awhile before making him CFO?
107
Discussion
Post by withoutabiason May 28, 2015 11:21am

Double charge for Conroy and Gannon?????

For all the time since Conroy was put on the payroll at Nordex Gannon remained as a CFO, and only now resigned?? Another sign of mismanagement of Nordex assets by Taylor???
141
Discussion
Comment by goldpolkaon May 26, 2015 12:48pm

RE:RE:Q1 Earnings?

Well, I guess this is the week you picked ... We'll see how good your prediction is ! I see nothing released on the 25th ... :) GLTA !
112
Discussion
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