Australian (ASX) Stock Market Forum

ELE - Elmore Ltd

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Re: NSL - NSL Health

Has NSL met ASX disclosure obligations? Three months of silence. This hasn't happened overnight, albeit in a brute of a market.

So where's the money gone then? Did Austind/IOH buy anything with it? Apparently not. What's happened to the investor dollars in the 'wholly owned subsiduiary company in India'?

Austind's folded with nothing, now IOH has failed to deliver cracker. Who was keeping watch at NSL? Give me a break. I wonder who's done well out of this little exercise? Dig in the background and check out the names and you will find the answers.

Good luck!
 
Re: NSL - NSL Health

Talk about shareholders being strung along for 10 weeks when the board probably knew the answer to the merge all along. I smell a rat!
 
Re: NSL - NSL Health

There's a whole bunch of them behind this play IMO. One, a well known con with a string of failures to his name, has carefully stayed in the background while still pulling all the strings and players together. It should be probed. And again what of NSL's disclosure obligations? They appear to have withheld information that would have enormous impact on the share price.
:mad:
 
Re: NSL - NSL Health

Some good news on the nsl front at last, they have signed a MOU with two preferred target sites to allow due diligence to take place.

They are also looking for funding and have outlined a timeline.

Hopefully brighter times ahead
 
Re: NSL - NSL Health

Pan, I for one have been a follower of NSL since Dec 07. My present issue with NSL is even though the IOH deal has become a non issue, management are appearing to be proactive but by way of announcements are pursuing along the same lines of previous announcements to ASX. NSL should give the potential and existing investors something real tangible and the interest will come. No one would spend $10,000 in SPP buys on MOU's at this point in time. This stock needs to recover to 2 cents plus for me to even get close to breakeven. I bought over 5.5 million shares at 1.9 cents and the balance at 4.5 cents based on the companies speeding ticket responses to the ASX. It certainly kept the interest alive until it hit 10 cents. Dumbo me should have sold there and then, oh well we all learn from this, but no more for me until future announcements are far more concrete. That's my take any way.

Goodluck to those that continue to hold.
 
Re: NSL - NSL Health

WTF?! Did anyone see where this closed today? Up 75% from 0.008 to 0.014cps. Considering their website is non-existent, I'm curious to know whether an ann is forthcoming? There's been some sideways movement for a period of time...

If there's anyone here who's more technically minded, could you explain this one to me?

Cheers,
sw3
 
Re: NSL - NSL Health

sw3 said:
WTF?! Did anyone see where this closed today? Up 75% from 0.008 to 0.014cps.
Click to expand...

Tapped 0.019 (137%) twice during the day. Big move would suggest something is up, but I am certainly not in the know.

Remember when I used to ride NSL between 2.0 and 2.5cps, picking up a few $K along the way...aahhh, the good ole days!!

:)
 
Re: NSL - NSL Health

Now that NSL Health has rebadged itself as NSL Consolidated LTD, who would be the person to have the thread "rebadged"? I think they should have kept the name as it was - a health company involved in mining. That really is classic.
 
Re: NSL - NSL Health

The company's ASX Query response after market might be a starter (Refer to Part 3).

You might be on the ball about a further announcement. Took me by surprise as well.
 
Re: NSL - NSL Health

sw3 said:
Now that NSL Health has rebadged itself as NSL Consolidated LTD, who would be the person to have the thread "rebadged"? I think they should have kept the name as it was - a health company involved in mining. That really is classic.
Click to expand...
yes that is strange. i went to check the announcement, and was like Wtf why are they setting up iron or mines, when this is a health company. thought i was looking at the wrong stock lol


anyway the announcement today about the share options seems to have brought the sp back down to earth. perhaps thats what was causing it to rocket up the past few days. damn insiders. maybe it would be a good time to invest even at 1 cent. certianly a stock to keep an eye on
i can just hear myself crying in a months time when the stock price is like >2 cents "oh why didnt i buy it at 1 cent"
 
Re: NSL - NSL Health

fureien said:
yes that is strange. i went to check the announcement, and was like Wtf why are they setting up iron or mines, when this is a health company. thought i was looking at the wrong stock lol


anyway the announcement today about the share options seems to have brought the sp back down to earth. perhaps thats what was causing it to rocket up the past few days. damn insiders. maybe it would be a good time to invest even at 1 cent. certianly a stock to keep an eye on
i can just hear myself crying in a months time when the stock price is like >2 cents "oh why didnt i buy it at 1 cent"
Click to expand...

yes, but you won't be crying when these guys finally run out of ways to bluff people out of their cash and finally wind the company up with zero assets.

second biggest spiv on the ASX behind CVI.
 
Re: NSL - NSL Health

Lol i see
*quietly takes nsl off his watchlist* :p

are there any other "health" companies worth looking at. i only found myself in this thread cause of the "health" part of the compnay name. ive been wanting to diversify a bit
 
Re: NSL - NSL Health

fureien said:
Lol i see
*quietly takes nsl off his watchlist* :p

are there any other "health" companies worth looking at. i only found myself in this thread cause of the "health" part of the compnay name. ive been wanting to diversify a bit
Click to expand...

These guys havent been involved seriously in health/biotech for a long time.
I think they MAY still have some TINY amount of revenue from selling dentures but thats it. Haven't checked recently, but there is every likely hood that they have stopped those operations aswell.

They are heavily into the Hot Air sector now. They produce TONNES of the stuff. Unfortunately re-sale value is quite low and buyers are few and far between.

Good luck with your investment should you choose to go ahead with it.

Not a recommendation to buy or sell
 
Re: NSL - NSL Health

Fair enough Largesse. I too got rapped up in the previous Indian IO sales pitch by NSL, but even after considerable research I truely believed it was a goer. I have sold down considerably at a loss naturally, but will keep a few million in the bottom draw. Lets see if Cedric Delivers with fact and not fiction.

Still they do have a 25% interest in the IOH project, or dont they????????
 
Re: NSL - NSL Health

Looks like Cedric is backing himself, reaching into his pockets for 150k

"In a clear sign of confidence in the company’s direction, the Chairman, Managing Director and a major shareholder have committed to the bonus option exercise.

As indicated in the Bonus Option Prospectus the Board of NSL urge all shareholders to exercise their bonus option allocation prior to 30 June 2009.
The funds raised by the Bonus Options will assist the company in securing the target site and contribute towards the technical due diligence required to finalise the transaction and the advancement of the company’s strategy to build an iron ore mining and associated infrastructure company in India.

Managing Director

The Managing Director, Cedric Goode, has today exercised his full allocation of 15,000,000 Bonus options, contributing $150,000 of additional capital to the company.

Chairman

The Chairman, Peter Wall, has today committed to a minimum of $50,000 bonus option allocation.

Major Shareholder – Fiori Investments

Fiori Investments has today committed to underwrite $250,000 of the Bonus options offered to existing shareholders."

Next step agreement on a binding MOU (due 30th June)and the commencement of a couple of months final due diligence.
 
Re: NSL - NSL Health

High volume trading for NSL today and yesterday might suggest something in the wind.

Bought back in last week @.013 so lets see what tomorrow brings.:)
 
Re: NSL - NSL Health

Could be, could be.

Gathering some interest with nearly 10million traded this morning so far and only been open 40 mins.

:2twocents
 
Re: NSL - NSL Health

Fantastically orchestrated pump by management and those on HC.
Looks like it`s happening again, even after the mou they were looking at failed.
I suppose people will do anything if they need to free up their hard earned.
 
Re: NSL - NSL Health

I agree with you - just another failed business proposition . This stock seems to be floating on hot air.
 
Re: NSL - NSL Health

Couldn't agree more. Undischarged bankrupt David Catsoulis and his mate Jaydeep Biswas (see failed business Healing Power CM etc) are connected to the Indian side of this NSL thing. Or perhaps Indian Resources is yet another new company? Anyway, if Catsoulis is within cooee it probably explains why there's a lot of hot air blowing through it. You only have to look at what happened with original NSL partner Austind - liquidated owing creditors millions, where did it all go? Catsoulis ran it but had others up front because of his bankruptcy. Ask IOH's Sean Spence how all Austind shares got 'legally' transferred to IOH. I think there's a case in Victorian Supreme court (or commercial equity court) that may be disputing that they ever did. Oh, and did anyone get that Catsoulis email seeking to raise $60k for school fee's in the US for the son of one of his new business partners? The one he was kicking off with $5k. Now where would a bankrupt come up with a spare $5k?
 

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