Tuesday, March 04, 2008 6:44:38 PM
See my posting #9 below dated 12/11/07 predicting this outcome...
The trading today appeared to be concentrated in a 1 hour timeframe (from 2:00-3:00pm) indicating in all likelihood one seller who is either an insider or who was paid for services in stock in 2007...
At some point in the future I believe this stock will represent an attractive risk/reward opportunity... However the trading and price action today suggest we are not at that point yet...
I will post some additional information on the message board in the near future from my communications with the President (Godfrey Yew) who IMO seems legitimate and a person of integrity...
Best of luck.
Tom
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Posted by: veritas-twj
In reply to: None Date:12/11/2007 10:28:22 PM
Post #9 of 13
Why is NRPR stock dropping so sharply? Answer...
I was intrigued by the positive press releases issued by the Company, and recently obtained financial statements (which are not currently publicly posted but are available on request to the Company) to try to figure out why the stock price is plummeting... This is what I found which may explain the matter...
On January 3rd 2006, the Company executed a 1:12 reverse stock split... Always a red flag and recipe for disaster UNLESS simultaneous with an uplisting off the Pink Sheets to a higher exchange such as the OTC-BB or the AMEX... The reverse split reduced the shares outstanding to only 1.2 million...
Later in 2006, the Company issued $6.7 million in "Employee Compensation paid with Stock" plus an additional $1.1 million in "Consulting Expenses paid with Stock"... This in a year in which total revenues were only $0.5 million...
I strongly suspect that holders of the "Consulting Expenses paid with Stock" are currently selling the stock now that the restricted period has likely expired... And with a tiny float the market cannot absorb the selling pressure which therefore accelerates as the price spirals downward...
The stock has dropped from a 1-Year high of $2.10 to a new low today of $0.20... How low can the stock go in the near term? History would suggest a bottom in the area of $0.05-0.10 would be reasonable... Keep a close watch to see if we reach those levels in the next several weeks... Then re-evaluate the situation...
Best of luck.
Tom
DIVERSIFICATION IS RULE #1 -- YOU ALONE ARE RESPONSIBLE FOR YOUR INVESTMENT DECISIONS -- ALWAYS CONDUCT YOUR OWN DUE DILIGENCE -- NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE -- HOPE IS NOT AN INVESTMENT STRATEGY -- PATIENCE !!!
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