Pink Sheets: New Bastion Development Inc. (NWBA) news stock charts
New Bastion Development Inc. (NWBA/NWBA.PK) Penny Investment Summary:
New Bastion Development Inc., a development stage company, focuses on exploiting local real estate opportunities in the Panama City Beach/Marianna, located in northwest Florida. It owns a total of 52 pre-platted lots in Compass Lake in the Hills, located in Jackson County, Florida; and 6 pre-platted lots in Sunny Hills, a Golf Course Community, located in Washington County, Florida. The company was formerly known as Jetronic Industries Inc. and changed its name to New Bastion Development Inc. in February 2009. New Bastion Development Inc. was founded in 1951 and is based in Fort Lauderdale, Florida.NEW BASTION DEVELOPMENT INC (NWBA:OTC)
Snapshot of NEW BASTION DEVELOPMENT INC (NWBA)
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OPEN
$0.44
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PREVIOUS CLOSE
$0.44
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DAY HIGH
$0.44
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DAY LOW
$0.44
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52 WEEK HIGH
05/12/09 - $0.77
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52 WEEK LOW
08/27/09 - $0.20
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MARKET CAP
1.6M
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AVERAGE VOLUME 10 D
1.7K
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EPS TTM
--
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SHARES OUTSTANDING
3.7M
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NWBA Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for NEW BASTION DEVELOPMENT INC (NWBA)
New Bastion Development Inc. plans to raise funds. The firm said in its Form 8-k, As reflected in the accompanying financial statements for the year ended December 31, 2009 the Company had only $3,500 revenues, a net loss of $523,975 and only $56 of cash on hand. These conditions raise substantial doubt as to our ability to continue as a going concern. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. In order to execute its business plan, the Company will need to raise additional working capital and generate revenues. There can be no assurance that the Company will be able to obtain the necessary working capital or generate revenues to execute its business plan. Managements plan in this regard, includes raising additional funds through a private placement offering of Company common stock, as well as borrowing funds. Management believes its capital raising activities will provide the Company with the ability to continue as a going concern. There can be no assurance that our future operations will be significant and profitable, or that we will have sufficient resources to meet our objectives.
New Bastion Development Inc. reported unaudited earnings results for the year ended December 31, 2009. For the year, the companys revenue was $3,500 compared to $20,000 a year ago. Loss from operations was $224,315 compared to $272,265 a year ago. Net loss was $573,129 or $0.03 per basic and diluted share compared to $364,355 or $0.02 per basic and diluted share a year ago. Net cash used in operating activities was $162,715 compared to $148,107 a year ago.
On February 09, 2009, Jetronic Industries Inc. changed its name to New Bastion Development Inc.
New Bastion Development Inc. financial resources
NWBA Competitors
| Company | Last | Change | |
| No competitor information is available for NWBA. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | NWBA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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NWBA |
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NWBA transactions
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| No transactions in the last 6 months. | ||
Pink Sheets: More Recent Financial News About New Bastion Development Inc.
/ CORRECTION - New Bastion Development Launches New Website
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New Bastion Development, Inc. Launches New Website
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New Bastion Development, Inc. Launches New Website
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/ CORRECTION - New Bastion Development Launches New Website
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New Bastion Development Poised to Profit From Real Estate Opportunities in Northwest Florida
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New Bastion Development Poised to Profit From Real Estate Opportunities in Northwest Florida
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JETRONIC INDUSTRIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
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