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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)
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To: David in Ontario who wrote (727)7/6/1998 3:25:00 AM
From: DAVID IN B.C.  Read Replies (3) of 2444
 
Hi Everyone

I have been following all posts since late march both here and at sh
I have gleaned some very useful information from all. Thank you and I must say it has been entertaining and informative. Like lentils I have just signed up for the trial membership and will fork over the $ when i have to.

David, whilst you have been the most positive voice on our little baby NIR. I will give you a new view from the west coast, I live in Victoria B.C and my small but growing bakery supply business is expanding into Vancouver.I bring this up because I have done my own DD on Napier. I have visited thier plant, I have interviewed marinas that use the product, I have spoken to purchasing agents who buy in bulk (this particular purchasing woman also used it to take nail polish off
i think thats a good indication of the great sales people nir has)

I have also used the product on some old bakery equipment which had 3 or 4 coats of enamel paint. I will summarise my findings

1. The product it works as well as the MC GEL presently on the market
not as fast, it takes about 20 minutes longer.
I applied it with my fingers and no harmful effects
yet. When i returned about 6 hours later i literally just blew the paint off. I must say I did not hear any
poping sound?

2. The premises If I had a scanner I would have sent a pic as I took some photos. I was not impressed Nir is in 8000 sq ft
but they have 2 tennants one is Transport 2000 the other a olive oil importer. These both would need some space so it looks like from what i could see nir has half the building 4000 sq ft. I was in the offices and it was very unorganised the best word to describe it is messy.I am one who goes on first impressions and I was 50/50 on thier site. However, they are a growing company and i know what it is like. Lets give them the benifit of the doubt I for one as a shareholder do not want them spending needless $$$ of ours before they have to. My only negative comment is that if the insiders who are running the show and pocketed a few million collectively can't put a few bucks into the appearance wheres thier heads at.


The customers I have talked to use the product frequently and say it works real well, more importantly they are all educated with regard to the safe enviromental impact sr35 offers.This is a good thing as it shows me Lorne the sales and tech guy is doing his job well.

What is vital in my humble opinion is the following:

1. Nir establishes thier own sales force and brand, ICI is great if it ever happens, I personally don't think it will happen very soon. In fact the one way nir can ensure it will happen is by gaining thier own market share and leveraging thier way into these big boys infact they would then have more than one biggy to talk to. I say all this because ICI have said nothing public, I know you spoke to Ron at ICI and he said positive things, I could give you the names of half a dozen multinational bakery co. and all thier marketing guys would rave about my products, but when you get talkin to the nuts and bolts guys things tend to slow down and change a bit(reality seems to have a way of doing that). While the food biz is totally different huge corps. are not, I have something alot simpler than SR35 and Iam just now after 1 year commencing sales to a very big company, I say this because false expectations are not good for the long term success of our little baby.
2. We see proof of Sergios contract with Napier.

For everyones info I have made a few$ on nir in at 1.05 out at 4.20.
Back in at 2.90 out at 3.70 and know Im holding at 2.50. I am fairly new to investing and have educated myself on TA. I have all the toys on my puter including PC Quotes Level 2 Market by Depth. As you would say David

NIR You Go Baby:)

David in B.C.




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