Posts: 324
Threads: 2
Joined: Feb 2019
Reputation:
2
I read this while doing some research on Deep Green yesterday. At least we know the 3 gigantic mining tools we helped pay for are not being used as a jungle gym in PNG somewhere rusting away! Link is below.
"The SOAC/DeepGreen merger does not include the acquisition of any equipment, resources, or licenses currently held by the now-defunct Nautilus Minerals, though some initial reports suggested that the acquisition would include the Solwara I mining prospect or the Seafloor Production Tools built by Soil Machine Dynamics for Nautilus Minerals and currently stored in Port Moresby, Papua New Guinea. “I can categorically say we have no interest in seafloor massive sulphides,” says Barron"
https://dsmobserver.com/2021/04/deepgree...s-company/
Posts: 183
Threads: 16
Joined: Mar 2015
Reputation:
2
So what does this mean? We know we were taken to the cleaners buy the two majority holders of NUS. They are the ones that hold ownership those tools.
Posts: 324
Threads: 2
Joined: Feb 2019
Reputation:
2
Man pretty dam quite over the past two months. No news, lower daily volume, staying steady at around 1 penny. DSMF updated their website this week with an article in Sea Technology, link is below. Weird that they still refer to themselves as Nautilus Minerals and that these devices were actually invented prior to the CCAA.
Who the f knows. Trying to stay positive, but getting harder.
https://dsmf.im/subsea-mineral-exploration/
Posts: 93
Threads: 9
Joined: Jun 2015
Reputation:
2
The link is to an article from 2018 which is even weirder but I assume they have acquired that technology as well as the other tools produced. I still think the stock is an orphan ADR and thus has no value as the stock it is linked to (Canadian NM stock) no longer trades.
Posts: 324
Threads: 2
Joined: Feb 2019
Reputation:
2
I dont know much about ADRs Sycamore, but your arguement is just as valid as anyone else's. We've had crazy volume swings (one day 10,000, next day 500,000), coupled with crazy price swings (.001 to .009) within hours.
With transaction costs factored in I never understood how someone would or could make money on this symbol with everything we know but maybe then can. There's a lot of smart people out there. I still want to believe that some shadowy entity is slowly consolidating the remaining public float, but that's my personal pipe dream...
Posts: 93
Threads: 9
Joined: Jun 2015
Reputation:
2
definition of a ADR. Basically it's a US stock linked to a foreign stock. NUSMF used to be linked to the Canadian stock and since that stock is now delisted it is no longer tied to anyting.
https://www.investopedia.com/terms/a/adr.asp
I'm thinking at this point is is unsponsored.
- A bank issues a sponsored ADR on behalf of the foreign company. The bank and the business enter into a legal arrangement. Usually, the foreign company will pay the costs of issuing an ADR and retaining control over it, while the bank will handle the transactions with investors. Sponsored ADRs are categorized by what degree the foreign company complies with U.S. Securities and Exchange Commission (SEC) regulations and American accounting procedures.
- A bank also issues an unsponsored ADR. However, this certificate has no direct involvement, participation, or even permission from the foreign company. Theoretically, there could be several unsponsored ADRs for the same foreign company, issued by different U.S. banks. These different offerings may also offer varying dividends. With sponsored programs, there is only one ADR, issued by the bank working with the foreign company.1
Posts: 324
Threads: 2
Joined: Feb 2019
Reputation:
2
I've been following the SOAC/Deepgreen spac merger for the past 3-4 months because I'm still a huge believer in deep sea mining. Wild that the deal is valued at nearly 2 billion, has major backing , but its daily/weekly volume is virtually the same as nusmf - which has been declared bankrupt for 2+ years.
Add it to the list of things I don't understand. Also according to LinkedIn, it looks like Glenn Withers is seeking new opportunities. I wonder who (if anybody) is running DSMF.
Posts: 4
Threads: 0
Joined: Jun 2019
Reputation:
0
Looks like it’s finally going back to .001 slowly but surely lmao
Posts: 33
Threads: 1
Joined: Feb 2019
Reputation:
1
LongNautilus -
I tried to reply to your private message but you now seem to have private messaging turned off. Here is my response. I hope it answers your question and hopefully helps anyone else concerned about the future of NUSMF & DSMF.
My sincere apologies for not replying sooner. I haven't been on here (logged-in) for some time and just got your message now. Thank you for reaching out to me and for your interest in my opinion to the current situation. Being the optimist that I am, I would say that there is an extremely high probability that the projections/theories that I (& you) have foresaw with Nautilus are still likely to come to fruition. Unfortunately, even an eternal optimist cannot count on the desired outcome just on positive thinking. That leaves my realistic & "gut instinct" point of view, both of which are nearly the same. Realistically, this is a company that has filed for bankruptcy and normally would not even be trading or a viable company. However, realistically as well, this company IS still trading and at actually high volume. That wouldn't be happening if there wasn't still some serious interest. We don't know the reason for that interest but somebody does and that's why it's still trading. Realistically, almost nobody would be buying or trading a stock unless they had something to gain (monetarily). AND as somebody previously pointed out, DSMF was SO meticulous about everything in this whole process, yet they forgot, didn't or chose not to take this stock off of the market. Really?
My gut instinct, which I have to say is certainly not infallible, but honestly is right about 90% of the time, tells me to hold onto the stock and this whole bankruptcy thing is part of a much bigger plan & far out play for DSMF. Think about it - why would a financier/company create & finance a separate company and then foreclose on itself because it wasn't "paying back" it's own debt? Especially when it was in the only position in the world to undertake a tremendously lucrative & unlimited income potential market? Basically they got shareholders to finance the construction of their equipment & acquisition of license's and just as the company was about to reach it's critical starting point. then run the stock into the ground. File bankruptcy on your own company but let the stock stay on the trading market. Buy as many available shares as you can, as a completely separate entity/company, then transfer ownership in the stock to the NUSMF which is still trading, and then make billions of dollars overnight once it hits the market. They actually probably would of moved forward with their plan already if it weren't for the Corona-virus shutting the world economy down. But these Russian & Arab owners of DSMF are billionaires many times over and even though this is a lot of potential income they can afford to wait it out. Now that things are bouncing back and even better for them, there is inflation as well as demand & supply shortage, they actually stand to gain even MORE once they start mining these minerals from the ocean floor. I honestly do believe this to be true. I admit that I could be wrong on my timetable, so ya it maybe months or even years way but it will happen. Heck, it could be 10 years from now but someday you & I will wake to read that NUSMF is trading at $36 dollars a share!
That is my opinion. I may be short or oversighted or even overly optimistic but facts are facts and gut instincts have made history for those who stuck by them and took risks/chances. Again, I appreciate your interest in my thoughts and I would love to hear yours. I look forward to hearing back for you. Take care & talk soon.
Posts: 134
Threads: 44
Joined: Apr 2016
Reputation:
1
(07-22-2021, 10:53 AM)Treasure Galaxy Wrote: LongNautilus -
I tried to reply to your private message but you now seem to have private messaging turned off. Here is my response. I hope it answers your question and hopefully helps anyone else concerned about the future of NUSMF & DSMF.
My sincere apologies for not replying sooner. I haven't been on here (logged-in) for some time and just got your message now. Thank you for reaching out to me and for your interest in my opinion to the current situation. Being the optimist that I am, I would say that there is an extremely high probability that the projections/theories that I (& you) have foresaw with Nautilus are still likely to come to fruition. Unfortunately, even an eternal optimist cannot count on the desired outcome just on positive thinking. That leaves my realistic & "gut instinct" point of view, both of which are nearly the same. Realistically, this is a company that has filed for bankruptcy and normally would not even be trading or a viable company. However, realistically as well, this company IS still trading and at actually high volume. That wouldn't be happening if there wasn't still some serious interest. We don't know the reason for that interest but somebody does and that's why it's still trading. Realistically, almost nobody would be buying or trading a stock unless they had something to gain (monetarily). AND as somebody previously pointed out, DSMF was SO meticulous about everything in this whole process, yet they forgot, didn't or chose not to take this stock off of the market. Really?
My gut instinct, which I have to say is certainly not infallible, but honestly is right about 90% of the time, tells me to hold onto the stock and this whole bankruptcy thing is part of a much bigger plan & far out play for DSMF. Think about it - why would a financier/company create & finance a separate company and then foreclose on itself because it wasn't "paying back" it's own debt? Especially when it was in the only position in the world to undertake a tremendously lucrative & unlimited income potential market? Basically they got shareholders to finance the construction of their equipment & acquisition of license's and just as the company was about to reach it's critical starting point. then run the stock into the ground. File bankruptcy on your own company but let the stock stay on the trading market. Buy as many available shares as you can, as a completely separate entity/company, then transfer ownership in the stock to the NUSMF which is still trading, and then make billions of dollars overnight once it hits the market. They actually probably would of moved forward with their plan already if it weren't for the Corona-virus shutting the world economy down. But these Russian & Arab owners of DSMF are billionaires many times over and even though this is a lot of potential income they can afford to wait it out. Now that things are bouncing back and even better for them, there is inflation as well as demand & supply shortage, they actually stand to gain even MORE once they start mining these minerals from the ocean floor. I honestly do believe this to be true. I admit that I could be wrong on my timetable, so ya it maybe months or even years way but it will happen. Heck, it could be 10 years from now but someday you & I will wake to read that NUSMF is trading at $36 dollars a share!
That is my opinion. I may be short or oversighted or even overly optimistic but facts are facts and gut instincts have made history for those who stuck by them and took risks/chances. Again, I appreciate your interest in my thoughts and I would love to hear yours. I look forward to hearing back for you. Take care & talk soon.
|
