Comments on financial statements & other infoAs most know I became interested in Nickel Rock after getting annoyed by the repeated postings by TD Media which as noted send out stock information which is “ENTERTAINMENT”
FINANCIAL STATEMENTS NOTES
The notes to the financial statements contain information which should alert investors.
- company “IN PROCESS of acquiring, exploring, & developing mineral resources
- “ will ATTEMPT to bring the properties into production, structure joint ventures, option or lease properties to third parties or sell properties outright”
- the company has NOT YET DETERMINED if properties contain ore reserves which are economically recoverable
ASSETS & SHARES: SOME INFORMATION
The September financials show net assets of $1,190, 287 and shares issued of 32,309,153 or
approximately 3.7 cents per share!
I then looked at the various warrants, options and shares issued which my calculations show
total shares which can be issued of 67,524,153 and the extra cash coming in would take the total
assets to. $ 3,349,087
Thus the net assets per share if all options. & warrants are issued is .054 cents per share
Currently the stock is trading around 25. cents.
Thus the big question is how can the stock trade at 25 cents when the indicated value is between 3 & 5 cents?
Possibly the answer is in the TDMedia disclaimer
or there is a possibility that there is approximately 20 cents of UNIDENTFIED INTELLECTUAL CAPITAL,
Personally I go back to the TD Media disclaimer note that informs all that their 13 page write up is only FOR ENTERTAINMENT PURPOSES!
Hopefully the director’s of the company know about THE UNDISCOVERED DEPOSIT OF THE
CENTURY and all investors will make $$$$ and live happily ever after !
As the old expression says “one is born evert 10 minuets!
stay safe
Rock
ps if you want to get closer to the Truth read the auditors NOTES
PPS THIS COMPANY USED TO BE NEVADA ENERGY METALS = why did they change their name?