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Non-Tech : NVDC
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To: Jason B who wrote (156)8/25/1999 2:56:00 AM
From: Crystal ball   of 198
 
NVDC Navidec's DriveOff.com biggest winner on Westar Financial "$28.8 million of automobile lease receivable certificates with a group of insurance companies. The bonds, graded by Duff & Phelps, earned an A+ rating for the largest tranche of $27.8 million and BBB for the smaller tranche of $1 million. The securitization is immediately cash positive to Westar by approximately 1% of the cost of the contracts. At their request, Westar also granted the institutional investor group rights of first refusal for $100 million in auto lease securities over the next two years." My math says means $2.88 Million for Navidec's driveoff.com and also means $10 Billion of auto leases, if Navidec's DriveOff.com gets just a 2% net commission of that or fee equivalent, that should mean another $200 Million for Navidec. I guess that means we are going to be very rich shareholders.
I am,
Truly yours,
-Crystal ball
P.S. This must explain the rise in NVDC stock (And despite Greenspan's Fed rate hike to 5.25% and fed-bank discount hike to 4.75%) cause Navidec with Westar and Bank One and First Union hs all the money it will need for its online customers to buy e-cars.
P.P.S. I also think there will be a major push to support NVDC above $15 per share to support the secondary public offering of shares just announced.
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