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Bullboard - Stock Discussion Forum Novadx Ventures Corp NDXFF

"NovaDx Ventures Corp is a mining company engaged in the exploration, development and recovery of coal. The company's operations are principally directed towards the Rex No."

GREY:NDXFF - Post Discussion

Novadx Ventures Corp > Diluted stock
View:
Post by powerstack on Feb 06, 2011 1:41pm

Diluted stock

When I first bought NDX, there was 36m outstanding shares.
 Now they have 68,534,481 outsanding and fully diluted is 85,170,102
  Go to the website and see for yourself. 

  I for one do not like the way they operate so I sold all my shares while they still had some profit left
 Good luck to all who still trust Neil to do the right think for the small investors.
Comment by rborhi on Feb 06, 2011 2:11pm
Big deal, it's a relatively small amount of shares now for a company with coal assets like this.  I doubt they will need to do more financing now given the payments from SND and the cash flow they'll start getting from operations this year.  Looks at all the millions of tons of coal they have in reserve at 3+ mines.And the shares have been trading at new highs this past week ...more  
Comment by powerstack on Feb 06, 2011 2:32pm
 STILL DO NOT TRUST NEIL
Comment by jimrockford on Feb 07, 2011 4:19pm
Well, it's something I've written about in both my posts and on my jimrockford blog. Neil and people close to him did a LOT of financing in-the-market. This means, they'd sell shares into the market in order to take down financings - and gain the warrant. Wash, rinse, repeat - and repeat, etc., etc. In the end, Neil cronies, by beating up the market this way (as these were not new ...more