Sunday, July 24, 2005 4:34:35 PM
ago at $1.50 due to a stock newsletter sent me and it was
well presented such as:
1)Projection to $6 by the end of the year.
2)Expanding the base of their auto business, which is their
cash cow.
3)Though their books are not audited, as we know it like a
NAZ stock,if the NWAU dollars numbers are correct,their
PE ratio is about a 9, that justifes "easily" the projection
of "at least" a $6 stock.
4)The agressive nature of the company to fast track to be listed as a fully audited entity.Perhaps they paid too much
but that is only a short term issue and does not concern me
as I'm on-board as a long.
5)About 4 months ago a mutual fund entity(Driehaus Capital)
purchased 250,000. You would think this company had done
their due dilligence.
That's my take and if the stock drops any further, during the
dog days of summer, I'm buying more shares.
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