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Gold/Mining/Energy : Northrich Pacific Ventures NPA:V
NPA 72.65+18.2%Dec 4 4:00 PM EST

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To: john mcknight who wrote (7124)3/16/1998 2:46:00 AM
From: Carl  Read Replies (2) of 7431
 
I talked with Arshad recently - I concluded that purpose of the roll-back is to support a private placement for funds to operate the company when trading begins - of course trading has to begin first. I believe that insiders will give themselves new options, etc, and NPA will pay little attention to existing properties - rather that they will look for other opportunities. Arshad said that he was looking at the San Nicholas (WTC) play in Mexico - and others. So if trading ever begins again there will not be many buyers - and it will be years at best before will be worth anything. Keep in mind that Arshad has a number of other companies and NPA will not likely be a priority. I'm a seller when any trading starts - have a large position - just need to cover selling cost and assemble documents for the tax write-off.
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