Update to Shareholders
Please see the following notification I recently received from our former Transfer Agent introducing our new Transfer Agent.
Also know that your company is still alive although not kicking. We have not reported to you for some time now as there was nothing of significance to talk about. All your Directors have remained on board without having received non-voting shares for their service for several years. In addition, our General Council and our CPA has not yet been paid for all their services provided over the years – which has been a huge blessing.
Even if I were in negotiations with a potential buyer or JV partner or entertaining a stock swap, I would not be allowed to report until such time a deal becomes a reality.
I did meet with several Mining executives in New Orleans in October; however, most were just holding on, let alone looking to acquire other firms. Our greatest challenge is that NMC does not have “proven reserves” nor a NI43-101 analysis which has always been cost prohibitive.
The most common question I get, and especially at the end of the year, is “Can I write off my NMC stock?” The answer is, I cannot give tax advice, so please contact your CPA or tax accountant.
That said, your Directors and I remain hopeful and prayerful as I hope you do as well.
In your service,
To Our Valued Clients:
We are pleased to announce the successful transition of Action Stock Transfer’s accounts to Securities Transfer Corporation (“STC”). For the last twenty years, Action Stock Transfer (“Action”) provided its clients with professional transfer agent services coupled with the highest level of customer service. As Action contemplated its future, it was important to identify a partner in the transfer agent space that shared the same principles and reputation as Action and that would provide the same excellent customer service to you, our client. After speaking at length with the principals and staff at STC we recognized the similarity of STC’s client base to Action’s client base. We also saw, firsthand, STC’s commitment to client service. We decided to complete this transition only when we were satisfied that STC can and will meet all your needs.
STC began offering transfer agent services in 1987 catering primarily to publicly traded companies. Over the last 35 years their services evolved to meet the growing needs of an expanding customer base while remaining committed to providing their clients exceptional and comprehensive customer service at a competitive price point. We are confident this transition will not only provide the existing support you are accustomed to, but will also significantly expand the service offerings available to you as you continue your growth. As a result, you will be able to leverage STC’s expertise and technology to take advantage of additional service offerings and support previously unavailable from Action to assist your team and your shareholders. Some immediate benefits available to you and your shareholders include:
24/7 online access to your data, including robust reporting functionality that is continually updatedProxy services including online voting and virtual annual meeting support.Paying Agent services including ACH delivery capability.Shareholder mailings and communications.Increased support staffing and hours.Enhanced connectivity with DTC and OTC Markets, including DTC Eligibility services. The transition took place on December 2, 2022. On that date, your client account with Action was transferred to STC and they began servicing the account. Please note there are no affirmative actions you need to take to ensure we continue servicing your account. STC’s primary contact information is (469) 633-0101 by phone or via email at firstname.lastname@example.org. In the following days, you will also receive additional communication directly from STC with additional contact information and resources.
It has been an honor working with you and we wish you continued success on your journey. It is our pleasure to introduce you to STC and we look forward to helping in any way we can during the transition. We appreciate the opportunity to work with you and are confident this new relationship will serve you well.
Justeene Blankenship, President Chris Dobbins, President
Action Stock Transfer Corporation Securities Transfer Corporation
Find Out More 469-633-0101