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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (6773)7/30/1998 1:31:00 AM
From: RavenCrazy  Read Replies (1) of 25711
 
Since NPCT has been discussed on Joe's board a good bit, I thought it might be helpful to post this message I just found by Kathy Knight-McConnell on the Raging Bull NPCT board. I quote Kathy:

Hi Raven, yes we do have to wait for the Aug. 7 SEC filing to get the breakdown on the financing. The
main thing I see is that the company needed financing to go forward with its business plan. They have
that now and they have already started to put the plan in place. A JV with another company that can help
them to do the manufacturing and marketing of the technology would help to get the business on track
like nothing else.

Also, you will note that they only took 1/2 million of the financing to date. All the people who are holding
from INCE are looking for anything they can to trash the company but this is all negated by the fact that
they did a financing in which they control the terms and not the institution that gave them the financing.
Since we don't yet know what institution provided the financing, the offshore stuff is just plain nonsense.
Based on my conversations with Paul I would not think that it was done offshore. But we won't really
know until the 8K is filed.

There is such a small float anyway that dilution should not be a problem for quite some time if at all. If
things go well, as I expect they will, the company may not have to use very much of the financing, and
they are open to negotiating a new financing that would not be convertible and just hold this financing for
emergency situations. There are a lot of variables that we don't know yet. Time will tell.
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