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Gold/Mining/Energy : NP Energy Cp New

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To: Errick who wrote (20500)7/10/1999 12:42:00 PM
From: David Colvin  Read Replies (3) of 22810
 
Errick,

I have (to most) a major position in NPEC, accumulating over the past 2 1/2 years, and have yet to sell one single share. I have also read every single post on this thread since my first purchase of NPEC....and now all those at the RB site.

Believe me, when it come to this stock I've seen it all!

Based on my experience, as far as NPEC news releases go....in the past, most have had little or no effect whatsoever on the stock price with, instead, a "Chinese water torture" effect leading to stock prices as low as $0.018 per share at the ask as recently as mid-January of this year.

With all that said, no offense to you but unless you are absolutely positive about something "good" in the wings on the verge of being released you are far better off saying nothing! If nothing happens as predicted on your part there will likely be three negative effects:

1. You will lose credibility and people will "tune you out".

2. You will like become a target of the "bashers", and rightly so.

3. You will alienate those who "believed" your prognostications and perhaps cause selling based on emotion.....better to not know anything and be pleasantly surprised than to expect something only to be "let down".

At the very least, if you are going to predict "good news" early next week please state whether it is speculation on your part or something based on absolute facts you have knowledge of....and hopefully it is not "insider" information which could get anyone in a world of trouble if they traded on such information.

Personally, with the new direction NPEC is taking I'm encouraged that NPEC just may be trading at higher levels than $0.38 per share (the approximate high in the spring of 1997) in the next few months. If I didn't believe that I would have sold my entire position recently at $0.025 or so.

Since I also have a very large position in another company (actually an IPVC competitor) that supplies the DVG (data/video gateway) "bullets" for VOIP (voice over internet protocol) and am aware of the revenue predictions by 2001 for this burgeoning industry, NPEC just may be in on the ground floor of a very lucrative business. There is also the 4+ million shares of MDHM preferred stock that NPEC holds, part of which is now convertible (at a 4 X 1 ratio) to MDHM common shares at a $0.25 per share cost to NPEC if MDHM is trading at $1.00 per share. These are the reasons I haven't sold any of my NPEC shares but I could be wrong.....I have lots of patience and only time will tell.

Dave

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