NIA Due Diligence Report NIA Quarterly Results Ending November 30th 2015 Price: $0.07c Common Shares: 19,966,032 Insider Holdings: 50% Financial Results Assets Cash: $722,010 - $0.036c a share in cash Accounts Receivable: $183,544 Prepaid Expenses: $42,596 Inventory: $203,203 Property: $3,400 Unallocated purchase price: $990,344 Total Assets: $2,145,097 Liabilities Payables: $93,465 Loan: $31,250 Total Liabilities: $124,715 MD&A Highlights Results of Operations For the Three Months Ended November 30, 2015 As of November 30,, 2015, the Corporation had cash and cash equivalents of $722,010 including $650,000 in a business investment bank account with a major Canadian bank. Other current assets were $429,343 and net working capital was $1,042,888. The Corporations net loss increased in 2015 as a result of the startup nature of the Blu-Dot acquisition. Sales of $98,059 in the quarter decreased from Sales of $159,299 in the previous quarter. Sales decreased as the weather cooled. Also, the previous quarter was buoyed by marketing programs and from the summer seasonally warmer weather in Canada. Like the previous quarter, gross margins were negatively affected by some of the operating changes. Margins will benefit from these changes in the longer term. Sales and marketing costs of $43,636 were unchanged from $45,913 in the previous quarter. Operating costs of $75,390 increased as compared to those in the previous quarter ($50,113) due to the addition of a General Manager. Public corporation costs are within expectations and include such items as transfer agent fees, listing fees, audit fees and legal fees. Public corporation costs in the November 2014 quarter reflected costs related to the qualifying transaction while costs in the 2015 quarter reflected ongoing reporting obligations of an operating company. These expenses combined with inventory and accounts receivable increases, created most of the decrease in cash in the period. Blu-Dot expends sales and marketing costs with two objectives; i) to identify, promote and close listings with new distributor and direct customer relationships that meet the companys criteria, and ii) to drive consumer trial, demand and purchase of the Blu-Dot products from the store shelves where Blu-Dot has been listed. All costs and expenditures that are directly related to these revenue growth objectives are classified as sales and marketing costs. Blu-Dots revenue growth strategy for the next three years is focused on: 1) gaining ever increasing sales velocity from each existing distributor and customer relationships via same store revenue increases from each store that the Blu-Dot product is sold in. 2) attracting new listings with additional new distributors and direct customers in Canada. 3) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets. Blu-Dot expects its revenues to grow through the 2016 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above. Potential New Acquisitions Based on its overall strategic plan, NVC expects to expand its overall business by; the successful organic growth of each of its underlying brands and product lines as well as; acquiring (or investing in) additional brands and product lines, all within the healthy better for you beverage and foods consumer packaged goods sector. As such, as a significant component of its overall corporate strategy, NVC has established a strategic plan and process with the objective of identifying, soliciting, evaluating and closing additional future acquisitions that meet NVCS objectives and criteria. The Blu-Dot acquisition was the first acquisition as part of this long term plan. NVC is currently and will continue to develop a pipeline of potential suitable acquisition/investment targets. The goal is to be in a position to move forward with the next acquisition within the next 12 to 18 months based on a number of criteria and milestones.
NIA Level 2, TD has been cleaning up any sellers willing to give shares away at 7c. The CEO has been buying tons of shares over the first quarter and then stopped March 31st. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 123,000 0.070 0.075 5,000 15,000 0.060 0.080 30,000 5,000 0.055 0.090 5,000 100,000 0.010 0.095 20,000 185,000 0.005 0.100 10,000 -- -- -- 0.200 44,000
LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 15,000 0.055 0.065 10,000 80,000 0.050 0.075 5,000 7,000 0.045 0.080 30,000 8,000 0.040 0.090 5,000 50,000 0.020 0.095 20,000 50,000 0.010 0.100 10,000
A few cheap shares came down thanks to the same seller from National Bank that drove the price down last year. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 19,000 0.040 0.050 23,000 10,000 0.035 0.060 5,000 10,000 0.030 0.075 5,000 15,000 0.025 0.080 49,000 15,000 0.020 0.090 5,000 25,000 0.015 0.095 20,000 135,000 0.010 0.100 36,000 185,000 0.005 0.150 35,000
LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 19,000 0.040 0.050 23,000 10,000 0.035 0.060 5,000 10,000 0.030 0.075 5,000 35,000 0.025 0.080 19,000 15,000 0.020 0.090 5,000 25,000 0.015 0.100 24,000 135,000 0.010 0.150 35,000 185,000 0.005 -- -- --
LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 19,000 0.040 0.050 133,000 10,000 0.035 0.055 5,000 10,000 0.030 0.075 5,000 35,000 0.025 0.080 31,000 15,000 0.020 0.090 5,000 25,000 0.015 0.100 24,000 135,000 0.010 0.150 35,000 185,000 0.005 -- -- --
We are suppose to be getting an updated corporate site this month along with presentation and more information. Perhaps a news release of some sort too? The insiders were loading up at $0.06 to $0.08 for the first few months this year, now nothing? Doesn't make sense to me unless there's a blackout period for directors. Level 2 below: LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 27,000 0.045 0.055 5,000 9,000 0.040 0.075 5,000 10,000 0.035 0.080 9,000 30,000 0.030 0.090 5,000 100,000 0.010 0.100 10,000 185,000 0.005 -- -- --
LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 22,000 0.045 0.055 5,000 12,000 0.040 0.080 9,000 10,000 0.035 0.100 22,000 30,000 0.030 -- -- -- 100,000 0.010 -- -- --
Management keeps saying that a new website with updated company info is suppose to be here soon(I'm hoping presentation) and the level 2 is so thin that a $2200 buy order would take everything off the ask side. Plus who knows what other deals could come this summer. In NIA's target procedures, they wanted to acquire a new product/asset every 18 months, well we are at that timeframe. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 12,000 0.045 0.055 3,000 12,000 0.040 0.080 9,000 10,000 0.035 0.100 12,000 10,000 0.030 -- -- -- 100,000 0.010 -- -- -- 145,000 0.005 -- -- --
The directors have finally updated their website and it looks great! Now we need some more sales and perhaps a few more brands under NIA. http://www.niagaraventures.ca/
Niagara Ventures grants option to buy 25,000 shares 2016-07-26 12:28 MT - News Release Mr. Ron McEachern reports NIAGARA VENTURES CORPORATION ANNOUNCES GRANT OF STOCK OPTIONS Niagara Ventures Corp. has granted common stock options to Betty Lau to acquire an aggregate of 25,000 common shares of the company. This award recognizes Ms. Lau's acceptance of an offer of employment with the firm, commencing on July 25, 2016. These 25,000 options have an exercise price of five cents per share, a term of 10 years, will vest on July 25, 2017, and are otherwise subject to the terms of the option plan approved by the corporation. We seek Safe Harbor. © 2016 Canjex Publishing Ltd. All rights reserved.