INCE - Intercell info??? Message Board

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Microcap & Penny Stocks : INCE - Intercell info???

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To: Scott H. Davis who wrote (2959)	8/18/1998 12:21:00 PM
From: Bill Pearson	Read Replies (1) of 3358

What day comes 20 days after July 23rd? That day is (was) the first time NPCT's Series B/C shareholder can convert his preferred shares to common, at 80% of the avg. closing bid price for the 5 days preceding his conversion. At roughly $2/sh that comes out to $1.60. $500,000 divided by 1.6 is 312,500 newly minted NPCT shares that are unrestricted, and have already earned the investor 20%. Or over 200% annually if you take that gain forward over a year's time. Maybe he won't convert right away, and even if he does, maybe he won't sell any right away. Maybe he'll convert as he is allowed...especially when the share price is as low as it is now, and then hold and sell what he can into rally's as they can be generated by press releases, and milestone achievements...such as getting the stock listed in Berlin. Who knows...but the casual observer gets the point.... Those at the top of this pyramid game are always going to come out smelling great while the rest of us (INCE and NPCT's common shareholders who haven't been given cheap shares or options) get dumped on, over and over.

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