To: notime who wrote (25) | 10/8/1996 1:43:00 AM | From: Robert Holcombe | | |
Thanks for the info. Time will tell. Long on this one as usual. By the way, I heard they were trying to get a listing on NSDQ, have you heard anything about this? Talk at you later, Robert |
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To: Robert Holcombe who wrote (28) | 10/16/1996 10:03:00 PM | From: Bruce Railtone | | |
Do you know what the financials were like - I take it they were bad to warrant this price , but nothing could be so bad that warrants 30c!!!
It looks very very under-valued and is a good one for a quick double or triple !
GOOD LUCK !
Bruce |
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To: Bruce Railtone who wrote (29) | 10/31/1996 11:02:00 AM | From: Doug from CT | | |
Financials are being restated, as everyone already knows. Depending on who you talk to, there have been some large holders who probably haven't a clue what they hold, but who have been bailing out anyway. The best news I've seen is that they're adding on a couple of people who might help them get the product going. Secondarily, they're going to need to raise money in the next couple of months, but it seems to me that one of their new people is somewhat more sophisticated in these matters.
These guys maintain that the Ontario highway dept. really likes their stuff, and that the rest of the world takes the Ontario hwy dept. seriously on the subject of concrete. Anyone able to check it out apart from what the company says?
Doug Friedenberg |
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To: Doug from CT who wrote (30) | 11/1/1996 9:59:00 AM | From: notime | | |
I'm sorry Doug but I did not know that the financials were getting restated. What exactly do you mean by this. Good or Bad? WE ARE PROBABLY LOOKING AT ANOTHER NEGATIVE QUARTER, DONT YOU THINK. |
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To: john lee who wrote (33) | 11/4/1996 12:31:00 PM | From: Doug from CT | | |
I can guess, a little bit, although I'm not eager to, considering this may yet be a scam. That's why I'd like to know if anybody out there has some direct feedback on the Novacrete product.
1. Their original auditor resigned about a month ago. The new auditor they hired in early October ALSO resigned, according to their SEC filing released three days ago. But they forgot to mention this in some conversations with investors I've spoken to.
2. The company was one of those which was on a list of about 30 which were allegedly manipulated by various people.
3. They need to raise money sometime soon, and unfortunately, they don't happen to have audited financials handy.
4. On the positive side ( you probably were beginning to wonder if there was one), they've hired some new people; I've spoken to the gentleman named MacMillan and he sounds like a guy who can help turn things around.
5. Bottom line, in my view: if the product is for real, some investor will figure it out, as the money currently needed to stay afloat is really peanuts; the financial issues may be the result of previous mgmt. What would be a shame is if Novacrete is the real thing and Stratford winds up giving a lot of it up just to keep going.
SO, does that make you feel better?
Doug |
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To: Doug from CT who wrote (34) | 11/7/1996 1:14:00 AM | From: Robert Holcombe | | |
Hey guys. Just checked out my portfolio today and about gagged. Dont know what to make of all this. Hope this one will stay afloat. How did you get in touch with this Mac Millan? Good luck Robert |
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