Sunday, July 10, 2005 6:59:50 PM
Smith, haven't seen Coupe comment much but he's been on top of the IFLH/MIOK acquisiton. MIOK backed out of the deal the day after IFLH annouced the CNBC interview with Haig. I would bet a fair amount that IFLH is the merger candidate for NWAU. The problem will be who is riding who's coatails. You have a .04 stock that just did a forward split and has a decent balance sheet. In fact, my guess is their balance is MUCH better than NWAU. NWAU has a great market cap, but got there with no disclosure, which must soon happen. The numbers will show NowAuto, trading at $2, to be a much weaker company then its merger partner, which trading at .04. Which company will drive stock??? Something has to give and real numbers usually win over speculate ones. The irony will be, if it's IFLH, this would actually make NWAU much stronger, but once this fact is known you can forget about $2 per share as you won't be close to this number. NWAU investors are in blind, and they or someone, is keeping the stock at $2. Then comes IFLH, a company in better financial condition, fully disclosed, and the market thinks they're worth .04. I would believe you probably are not going to benefit from this deal, but then the big fall was coming anyway when NWAU had to disclose it's true financial position.
Dog
Dog
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