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Thursday, February 21, 2002 12:06:23 AM
At this point all there is to do is wait but in the mean time I will attempt to post something of value.
I have followed this company very closely for several years now.
I also watch the semi market very close as well as the ipo market.
There is plenty of cash in the system for startups and the ipo market is showing signs of life as well.
It is my understanding from statements made by the ceo that the company is looking for around ten million dollars.
Our friend bull has attempted to make this a dilution issue that is much more adverse then it should be.
Lets take for instance a funding is done at a twenty five percent discount to an average market price.
This is the current best rate I have seen used.
The worst rate would fall around thirty five percent but I am using the best rate I have seen and it was given to a company in much the same position as NPCT. see Samsys Technologies. v.smy
Using twenty five percent that would put the conversion at around a $1.04 using the last five days give or take a nickel.
That would put the share to dollar conversion at around 9.6 million shares given for ten million dollars.
That works out to aproximately a 16.5% dilution to outstanding.
I do not find this a "scary number" but perhaps I will hear differant.lol
Now this is assuming that the parent company is the one giving up the shares.
The ceo states that they are attempting to sell a stake in one of the new divisions as opposed to using the parent companys paper.(NPCT)
If this happens then the effect on the per share value of NPCT is much milder.
Now if the share price goes higher then the dilution goes lower.
My position is that this company will get funded or allready has a funding promised hence the going concern being removed.
This is an unverifiable position so all I can do is wait and see what happens but I do believe whole heartedly that things will move forward very well.
regards,
danny
Recent NPCT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:28:55 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/21/2024 12:58:27 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/16/2024 02:37:59 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/16/2024 02:33:25 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/13/2024 08:08:50 PM
- Nuveen Closed-End Funds Announce Leading Independent Proxy Advisory Firm, Glass Lewis, Fully Supports Nuveen’s Board Nominees • Business Wire • 05/13/2024 10:00:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 08:24:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 01:23:40 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 03/07/2024 10:19:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 08:19:56 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:02:01 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/22/2024 10:07:29 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 11/28/2023 05:51:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/13/2023 11:03:34 AM
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 09/06/2023 02:02:29 PM
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