Let's re-cap some of NIR's fundamentals.
NIR upsides:
Decent volumes and price (out of penny-stock territory IMHO)
Methylene Chloride (active ingredient of traditional paint strippers, very toxic and a known carcinogen) regulated out of use by August 1998 according to past NIR news release. Napier's SV-35 stripper products are a direct replacement and are much safer, effective, and easier to use (less safety equipment required). Spectacular market timing for the SV-35 products.
Recently we have had a significant price climb with no official news yet (we are still expecting an official release of the imminent good news).
Quarterly report may be due by next Tuesday as David suggests? Apparently the company's financials are now "out of the red" and this may be reflected in the Quarterly Report and subsequently in the stock price.
NIR Downside: I have information that ICI is bound to use another company's products for marine applications until 1999. I am unaware of any other environmentally-friendly paint strippers that are even remotely as effective as SV-35, let us know if anybody finds any. That's it. I can't seem to find much other bad news. Just scrutinize the insider selling. What percentage of his NIR holdings did Brad Aelicks sell? Less than 33%? I'm OK with that. Nothing wrong with taking some profits, I would consider it myself.
I am presently doing some bodywork on my summer car, and am seriously considering using SV-35 to strip the paint, at least in some areas. But first my more immediate concern is replacing a few rust spots with new metal. I will see if I can get a gallon or so of SV-35 to start, I would like some more information on SV-35 shelf life before buying a 20-liter pail (5-gallons) of the stuff. An Aquasol solution will surely be used to clean the surfaces before applying primer.
Recently my Dad's neighbor has been using a traditional (MC-based) paint stripper to re-finish a few automobile parts, it was messy stuff. The paint was dissolved into a mess of what looked like little eraser shavings. MC is toxic, evaporates rapidly, and often requires several applications to do the job. I've also seen several samples of the SV-35 stripper working, it's neat stuff.
Here I will assume that the Aquasol merger is a done-deal (it certainly seems that way)
I have learned from a Napier employee several weeks ago that Ford has some dealings with Napier. From the information so far, I assume that it focuses around the Aquasol product being used on the assembly lines for cleaning applications. My opinion, the other members of the 'Big Three' might also check this out. We may have found a cure here for the GM paint disease (I'm sure you've seen it, especially on dark-colored GM vehicles). Aquasol might improve things if used on the assembly line IMHO. GM is not the only guilty one, just the most obvious.
Check out the General Motors Bad Paint FAQ:
tracey.mccartney.net
I would like to experiment further with Aquasol / Hydrosol to see how it performs for other applications, many of which currently use toxic or quite harsh chemicals. My current application testing list:
Carburetor cleaner
Engine degreaser
Oven cleaner
Wheel cleaner (brake dust removal?)
Removal of tar, bugs, tree sap from paint
Also I wonder if one of the SV-35 stripping products would be a good alternative for nail polish remover. The current nail polish removers smell harsh like paint thinner.
PS, you guys at SH (hi guys!) can lay off Lentils now. He did bring a few valid technical concerns to the discussion (e.g. insider selling levels), even though he did not bother to contact any of the players involved. If he did not hold NIR long then he is probably now off whimpering in a basement corner somewhere. However I don't think Peter Joseph provided any useful information (just noise).
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