Joe, with all due respect, I cannot see how your scenario would win. If you believe that PI will be successful, then you would have to believe that INCE is the greatest value the investing world has ever seen. If you believe this is another shell game, then you know that NPCT has about topped out like INCE did when it ran to 5-1/2 and from here will continue the slow grinding slid to oblivion, just like before. If Paul just burns up this money like he and others did with the money that they got from the previous convertibles, with nothing to show for it, then NPCT will become another INCE. I predict that NPCT will top out in the next week or so and that those prices will not be seen again for at least two years, if ever. If the script plays as it usually does with these convertibles, as soon as possible the holders will begin to short the stock to drive the price down, for a lower conversion. Even if PI is everything that the supporters claim it is, it will take at least two years to become profitable. During that time the convertibles will keep the stock price under pressure. If I truly had faith in Paul, I would have bought NPCT and about now, I would be selling and switching to INCE. If, on the otherhand, I believed that this is a replay of the last three or four years, I would take the money and run.
Jewel |
