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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)
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To: Greg from Edmonton who wrote (2315)6/29/1999 4:11:00 PM
From: PeFiSt  Read Replies (1) of 2444
 
Folks are getting a great deal on this stock at this price! I spoke with Napier today and thought I'd pass on a few things. As you may, or may not, know, Napier is pursuing inclusion on the OTC Bulletin Board for small cap stocks. According to the company, they are approximately 70% complete in this endeavour and should be nearing completion within 60 days. This will dramatically increase exposure to the stock (especially in the U.S.) and immediately multiply the number of potential buyers. Also, factoring in the inclusion of revenue generated by BioWash, monthly revenues are projected to be around $1M/mo. by the end of this year, or roughly, $12M per year. If someone knows the shares authorized/shares issued, we could do some quick math and see what a nominal price could be with an industry average PE of 15 to 20. I have been following this company since it's change of management in 1997 and initiation of the "green" line of paint lifter products. Essentially this has been a start-up program. Less than two years is no time to get a company on its feet and earning money. Napier is already there. IMO at this price, if you continue to have a little patience, you will be rewarded.
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