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Microcap & Penny Stocks : INCE - Intercell info???

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To: jpgetty who wrote (3345)4/18/2000 9:49:00 PM
From: Bill Pearson  Read Replies (2) of 3358
 
Just a little bit defensive and emotional for a CEO, don't you think? If the shoe fits,... so the saying goes.

"Despite the often malicious and slanderous criticism directed against my team and me, we are neither discouraged nor dissuaded from pursuing our plan. The negative bashing only hurts the shareholders. Bashing discourages new investors and prompts existing shareholders to sell their holdings. This depresses the stock price making financing more expensive and dilutive to the shareholders. As I have always stated, silent character assassins have never impressed me or my team hiding behind their cowardly cyber anonymity and their refusal to publicly identify themselves. "

This seems to describe the basic thought process of many of the longest standing INCE shareholders who watched their positions in INCE erode away to nothing because of INCE management decisions; primarily the one to move the Nanopierce assets over to Paul's wife's shell. I don't know if it's self-dealing or any other such legal term, but as a shareholder I saw the vast majority of my investment blow away in the wind after the current management team took control. The current explanation of how much money has been put up to try and resolve the mess they seem to have created means little to me as a shareholder. I do not hide behind a cyber identity. I've talked with Paul at length in the past. And I'm simply not impressed by any of what he has done since he took the helm. His efforts, in my opinion, have failed to build shareholder value. And we're a long way beyond the one year time frame he said should be used as the time-line for letting him build a viable functioning company (in INCE) - before INCE shareholders laid judgement at his feet. We're years beyond that, and even NPCT remains a collection of ideas that to date have failed to produce revenues and profits.

"We are available and will talk to anyone if they merely have the courage to call us. Even more importantly, if they are convinced that we are merely engaging in self dealing and profiteering against the Company despite the large sums we have put at risk, then please submit a better plan. "

I remain skeptical of INCE management and their ability to build viable businesses. Anything is possible I suspect, but they're going to have to do much better if they want to attract a new batch if loyalists. If history provides any guidance, something tells me the peanut under the shell will simply continue to be moved, and shareholders won't be the biggest benefactor of those moves.
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