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Bullboard - Stock Discussion Forum Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > Scam???
View:
Post by ST0CKS on May 06, 2015 2:24pm

Scam???

Spiro was talking about investor value, but I have lost more than 75% of my investment in nrt.v.

The man lost credability. The stock and the company gets killed under his management.

Comment by bossman on May 06, 2015 3:21pm
SAME THING brother . SPIRO killed the amorphous graphite side of the business and told me he never even spoke to the new neighbor. He also said ceaser was a great addition to Nrt but yet he seems to have done nothing for Nrt. I owned Nrt from 3 cents to its high I believe it was .105 . I never sold because I was under the impression the Spiros was capable of running the show to higher levels ...more  
Comment by Gmachine on May 06, 2015 3:23pm
I'm sure their is a whole lot of us in your position(me included) but let's keep in mind that the red we see is on paper only, and like it or not this 10 for 1 is needed for future growth if the company wants to survive.If I were Spiro I'd be picking up the phone and trying to secure an off take to raise funds and get this El Tejon mine up and running.Does anyone know where we are with ...more  
Comment by bossman on May 06, 2015 3:30pm
SPIRO DELAYED the permits because he was to busy doing other things like figuring out companies to buy the amorphous graphite equipment. He was also thinking of getting rid of valuable property as well. He was working so hard getting the paper work to Flinders in a timely manner.
Comment by bludogg on May 06, 2015 8:18pm
Hey Boss, you know the old wives tale about counting your chicks before they hatch - WELL spiro to zero had already counted his cash before the deal closed - what an A-whole......
Comment by TKingadvisors on May 07, 2015 10:18am
Permits would cost NRT roughly $100,000 - $200,000 and it doesn't seem the company have the cash to do that at the moment. Spiro know that the permits would restore the company credibility but in order to do that he needed more cash. In order to raise that cash they are forced to do 10 - 1 consolidation. A letter of intent for off take should raise the company pp to a decent level to raise ...more  
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