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Microcap & Penny Stocks : NFTI-NOFIRE TECHNOLOGIES INC.
NFTI 0.01900.0%Oct 21 9:30 AM EDT
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To: Jopie who wrote (10)7/9/1997 9:41:00 PM
From: Bo Bob Brain   of 16
 
Lack of news is probably behind the decline
as you stated. That is the way the micro cap stocks
act. They have huge run ups when news is released, and
then decline because of lack of additional news, and
new buyers.

NFTI has bid on some U.S. power plant contracts, and the
winners are expected to be announced " during the summer".
Sam Oolie is confident that NFTI will win "more than our
share" of these contracts. We shall see.

NFTI should be nearing the completion of getting approval
for their product in the maritime ( ferry, ships etc )
industry.

Once heard a rumor that Oolie & Co. were offered $5.00 per
share for the company. Company has great potential and
may jump back to the $3.00 level if any contracts are awarded.
Not hearing any hype lately, which probably means something
is going to happen soon. The only question is when to buy back
in, how low will the price drop?

The 200,000 shares is probably due to a private placement,
the company has very little cash. If it's any consolation,
trading volume has been very light. Be patient. This product
may some day be required by law to be in every can of paint sold in
the country. Meanwhile, get ready to trade some and save some.
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