i cant take it anymore here is my squeeze of the century do your own dd, here is my dd, i believe the float is only 50k, this is the best i can do to verify things, trade wisely.
PESO-NORTHPORT INDUSTRIES/ FLOAT 50,000/SHORT POSITION APPROX 500K
HERE IS THE START OF DD I DID ON PESO
growth through aquisition and by growth of intellectual properties
purchase of company as well as patented technology
go2net.newsalert.com.
here is copy of patent and claims of exclusivity
patents.ibm.com
patents.ibm.com
unaudited financials, profit up 133%, revenue up almost 300%
go2net.newsalert.com.
W.E.T. Automotive deal could add 10 to 20 cents eps huge potential
go2net.newsalert.com.
Northport Industries Inc.
Spur 233 and Alderete Road
Del Rio, Texas 78840
President
Bob Michelini
Transfer Agent
American Registrar & Transfer Company
10 Exchange Place, Suite 705
salt lake city, utah, 84110
total outstanding shares 5,002,000
float 51,000
In january 1998 there was a merger/reorganization between original company and versatch industries inc, 4,950,000 shares more or less of restricted common stock shares
were issued to the shareholders of versatch industries inc,
whereby the name was changed to northport industries
The plan of reorganization was effected on or about 1/28/98
as such all but 50,000 common stock shares held by the original shareholders are subject to a one year holding period imposed by rule 144 and not subject to sale in market transactions prior to 2/99.
PESO-Northport has produced quality products for customers such as General Motors, Chrysler Corporation, Fischer Price, Phillip-Morris RJR, Proctor and Gamble, Frito Lay, Fossil Watch, Motorola, AT&T,
SC&T, Gerry Evenflo.
northports current operations include
leather sew, wrap and assembly of gear shift handles and steering wheels for u.s. auto industry including Cadillac, Oldsmobile and Saturn, various models of children's car seats and baby accessory products for Gerry Evenflo, bean bag chairs sold through kmart, target and walmart, and various size golf bags along with new deal with W.E.T. heated car seats division.
current monthly sales estimates 420k month with increased production demand from existing customers and new orders on a rapid rise.
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