The COB issueHello all,
When I first started buying NBM, perhaps like many of you, it was listed as a miner with an interest in a quartz deposit, which was stated as being the deposit from which they could extract the silica necessary for what they were doing. I personally found this ironic, as I held positions in several companies where they had oodles of non-gold bearing quartz that we would have been glad to simply give them as much as they wanted!
Be that as it may - the company did not seem to think it important to change the usage at that time, given their total focus on what they were really doing. So, it was nice to get an existing company, likely cheap, where someone else had already gone through the hoops to incorporate it and set up the structure.
Things stayed like that, as you know, for some time...there was just no need to change it....they knew what they were about - and so did we. Suddenly this has all changed...and why would that be?
They want a Nasdaq listing...they want to move on as a company that has more than a good chance of becoming a major player in an extremely competive field...they want to get producing...and I would venture to say that they desire one or more of those NDAs to step up to the plate and declare themselves. Those seem to be be pretty good reasons for going through this next hoop of the Change of Business requirement.
While I don't imagine that the Halt will continue until the vote is ratified - even if it does, I do believe that by that time a lot of the pieces of the jig-saw will already be in place. It may be a glorified Tah-Dah moment....and everything may be roses!
Anyway, my two cents. My best advice, however long this may take, is do not lose heart...persevere!
These guys are fighting the good fight for both them and us. They realize us as a valued component.
GLTA
best regards,
el d