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Microcap & Penny Stocks : n-Vision (NVSN)coming back ?

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To: slp who wrote (64)1/16/1998 12:38:00 AM
From: Young D.T. Nguyen  Read Replies (1) of 95
 
It appears that I bought a bit too early. Loaded the truck up between 1 and 1 1/4. I rarely buy companies at this level, but this is one good deal I couldn't pass up.

I'm actually hoping for a nice, quick drop to around 1/2 so I can sell everything I got and put in this basket. At around 1/2, this company will have a tiny market cap of only $2.5MM and P/S of around 1.0.
Disney and the US government are not going to let a $2.5MM company go under when they already developed and used NVSN 's technologies, and especially if they need the same technologies in the near future. The possibity of merger or buyout is also good, since this industry has no economy of scale at this point. Once large-volume applications take off, I think consolidation will occur in this industry.

I think the downside is very small at this point, but the upside is great. No telling how they are doing this quarter. This company is very tight-lipped.

This is a great bet, IMO. Like buying Chrysler at $2 when the US government bailed them out. I'll sit on this one until it pops up big.
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