Tuesday, March 26, 2002 8:00:01 AM
I first bought into this company in July of 99.
At that time there were around 29 million shares issued.
With the current fully diluted at around 65 million that is an increase of 36 million shares.
One of the scare tactics this bullrider is attempting to use is that otcbb stocks throw paper out like water and that 200 million shares will be issued over night.
If you look at the track record of the company this is not the case at all.
For an otcbb this company this isn't bad at all as far as issuing stock.
As to why the need 200 million issued?
I'll go with avoiding a hostile takeover.
Thompson Kernaghan is alleged to have attempted a takeover of npct and this Mark Valentine guy of t/k did buy out the valuable assets of Jagnotes after he allegedly ran it into the toilet.
As to industry people making a bid, I will wait and see what they offer:)
regards,
danny
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