REASONS TO BE CAUTIOUS WITH NAPIER
1) Insiders SOLD net about 1.2 million shares between April 1 and the last reports. Only buys were window dressing before reporting date.
2) Mysterious Swiss promoter Carlos Civelli involved with NIR, and recently received slap on the wrist for failing to file insider reports
3)Fiancial Post article (June 10) alludes to at lest 20 competing paint strippers on the market.Market leader Turco calls NIr's "one of the more promising", and comments on competitors entering the market with slightly cheaper versions or different technology. Roman Franko's T/A says.75 possible "itself is a sign to be very cautious indeed"
4)Company pumped in paid for article by NEil Maedel - who has a history of involvement with pump and dump plays.
5) Brad Aelicks has reputation as being stock builder rather than company builder. Expirience is primarily in resource area, other than perrenial disappointment Prime Spot Media
6)Irrational exuberance by many on internet threads, with predictions of overnight $20 targets and stock split within months. Same prognosticaters have been proven incorrect many times in last few
months. Religious zeal in defending NIR and discerditing dissenters starting to resemble pre-disaster Crystallex forum.
7)Touted website finally materializes, crudely designed, partially finished - and company fails to respond to EMAIL directed at adress on the site.
8)Suggested dates for "Huge news" repeatedly not met
9)Probably the strangest antics in on line forums ever seen, with company chemist posting, and anIR rep for other companies posting ridiculous comments on NIR, such as "because its $4 it will
quickly be$6", "Civelli hasn't had anything to do with NIR for years", provides financial projections based on 20m shares, etc. -
10)Newsletter writer Chris Bunla (June issue www.canspecresearch.com) comments "stock remains way ahead of real developments", and comments on how much could NIR possibly sell before a company like Dupont formulates their own product. Wonders if potential sales can possibly justify stock price. Adds that he thinks the stock will have at least one more run upwards (Note: likely, as insiders have much more to dump), but reminds to take profits when offered "especially in a story where solid fundamentals are elusive"
11)PRevious history of NIR with Timbercoat product briefly broke even but left believing shareholders holding stock at .10 before new promo launched
12)Senior market with one foot over the cliff, junior market already fallen over
13)Unable to crack resistance at 2.8-3.00 level - failure to hold $2 could mean quick decline
14)Internet forum NIR "experts" seemingly have all answers but fail to understand basics like # shares fully diluted and insider sales until pointed out by others
15)Stockhouse poster and forcasting guru "Lentils" has been called names on NIR forum. Other forums Lentils has been called names on include stock market disasters Donner Minerals, Crystallex
Resources, and Prime Spot Media.
16)IR rep Jason not seen on internet threads, as an increasing number of IR reps are. Considering the insanity on the threads, it would seem warranted. Aquasol consultant Owen makes appearance to make a comment on Aquasol history question, but does not comment on questions about the product. Possible guilt by ommision?
17)Unanswered question remains, why are Aquasol shareholders content to take 16% of NIR for their revoltionary product and apparent deal with ICI, when they had a shell read to go, and then were ready to do an IPO? Why not keep 100%?
18)Owning NIR probably means wanting to read the internet threads, and therefor besubjected to many posts by irritating Napier investor relations sycophant David_IN_Ontario
19)No evidence that anything exists to keep the brains (and future product development) of Sergio and whomever from walking out the door for greener pastures. One would assume they would be in demand if the product lives up to the hype
20)Forcasts of Aircraft stripping market at $100 million seems at odds with reality when quote in FP suggests a $10m figure. Talk of a retail price of $8.99 for 12oz can seems higher than current competition. Is the company exagerating potential?
21)This one deserves 2 spots: Insiders minted a ton of cheap paper and have been selling it. Filing of AIF means more cheap paper will be available to sell much sooner.
DISCLAIMER: Lentils has not nor ever had a position in NIR, neither long nor short. Lentils has been commenting on the Stockhouse forum since NIR was $4. The reason for posting is due to the inaccurate,
misleading, incomplete and outright untruth in many of the other posts, as opposed to anything particularly against NIR. That being said, there is no chance Lentils would buy this stock at this time.
This should in no way be construed as a short or long reccomendation. All posts by lentils are strictly for imformational and entertainment puposes, and should not be considered as an investment advisory
service (although his record is pretty good) |
