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2morrowsGains

05/22/06 9:44 PM

#44486 RE: itybdy #44484

NCNC, (itybdy) Re: Projections...

I asked this a while back and maybe you can ask management if you get a chance tomorrow ...Do the eps projections include the private placement shares that will be used for the acquisition of Quilite?
Based on the share count as of Nov 9, 2005 (10.1M shares outstanding), NCNC would have to come in w/ approx a 25% net profit margin to hit the projections (That's before today's #'s and it's w/o PP shares). If you include PP shares, which you should if the eps projections include Quilite, then the net profit margin would have to be quite a bit higher than 25%. Maybe I'm not figuring this right. I'm currently out of NCNC, but have been watching from the sidelines. Hopefully management can explain how they plan to reach those numbers. Maybe there'll be a PR in the morning.