NexPrise Inc (NXPS)

[Prudent Capitalist]

Wyokid: I received your PM, but am not able to respond via PM. What I am saying is that I cannot conclude that there is any value to these shares based on the information currently available. It is surprising that you have not been able to learn what the stated level of assets and liabilities are from the bankruptcy filing. Until we know that, I cannot fire at this. Although, given the trading range and the huge spread ysterday afternoon, I did have an order in for a while to buy 50,000 sh at .028, with the idea that there may be a short term trading opportunity.

The problem with stocks like this, aside from the fact that it is in bankruptcy and subject to the sole juridiction of the federal bankruptcy court, is that once you are in a stock like this it is very hard to get out. This is because they take significant volume to go up, and you have to buy a lot of shares to get significant gains at this level, and then it is so hard to get out with your skin, as there are significant spreads, and they plunge on even the slightest sell side volume.

If I am convinced that the assets significantly exceed the liabilities, then I may be able to conclude that the stock will survive. But that appears unlikely at this point.