NRAG-NorAm Gaming-Winning The Battle Message Board

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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle

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To: Due Diligence who wrote (338)	12/17/1997 1:12:00 PM
From: PC11	Read Replies (1) of 441

Two comments: It's my job as an individual investor to get the best deal possible when I purchase stock. This applies to every stock that I own. If somebody wants to try to purchase NRAG below the ask then so be it. This stock will fly/not fly on the merits of the deals at hand, not on the price that somebody pays for NRAG today. Secondly, any analysis of the company's value should not use the company's "float" in the analysis. Even if somebody bought the float they would only own about 28% of the company. The company's market value right now is ~$5.5 million, not bad for a company with 200K in assets on the balance sheet and negative stockholders equity. Once again the company will be OK if the deals at hand come to fruition. Oh, and by the way, every share of NRAG that I've purchased has been purchased at the ask. As always best of luck

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