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Microcap & Penny Stocks : NPEC...MAJOR short squeeze

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To: Lance who wrote (18)9/7/1996 7:32:00 PM
From: wooden ships   of 114
 
I have followed your postings with great interest. There is a long
and recurrent history in the annals of small, obscure OTC companies
wherein the guileless non-insider becomes an unsuspecting pawn
in a contrived chess game adroitly played by crafty insiders.
At this point, it may be safe to say that we do not know for
certain whether this lamentable history will repeat itself vis a vis
NP Energy, but a heaping dose of healthy skepticism, such as you
seemingly advocate, is, given the historical context, quite justified.
(Cf. Mackay's "The Madness of the Crowd and Other Popular
Delusions")

For now, I must content myself to wonder aloud, for a second
time on this board, why Woolenchuk, given the opportunity,
chose to say nothing of substance regarding NP Energy except
to urge, nay, vehemently exhort shareholders to register their
certificates. Hence, Woolenchuk wasn't so much addressing
prospective shareholders as he was existing shareholders. As
stockpickers' cameos go, this one was clearly atypical.
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