Bob,
The stock has taken a hit due to the "e" attached to it's symbol by
NASD regulators still trying to catch up with the workload generated
by the new SEC reporting regulations. (This wouldn't have even
happened if they had used the current NNCI symbol rather than the old
CBET one)
If you doubt this is a good buying opportunity, look at KANA
communications, a recent IPO internet company currently trading at
about $50/share.
NNCIE KANA
Market Cap $40 million $1,400 million
Revenues ~ $2,000,000 $2,049,000
Profit(Loss) ~ ($1,000,000) ($6,400,000)
I got these #'s from the 1998 KANA IPO financial info & the last
quarter's NNCIE data expanded to 1 year. Looking at this info one
can't help but wonder what makes KANA worth 35 times NNCIE? ....
Especially since NNCIE is growing revenues at rates in excess of 100%
and has a loss that is proportionately shrinking. I think the answer
is exposure... KANA went public through Goldman Sachs on NASDAQ,
NNCIE through a little shell company called CBET on the OTCBB. I
suspect when NNCIE gets approval for it's move to the NASDAQ national
exchange, we are likely to see "bump" in the share price. I've been
loading up on NNCIE in anticipation of that day.
Frank |
