From Market Gems.
To: Michael Berkel (21002 )
From: profit_guy
Thursday, Dec 31 1998 9:10AM ET
Reply # of 21007
>>> NAVR, I spoke to the company myself<<<
On one hand, I don't know why I am writing this because I hope that NAVR goes
down today, so that I can add to my position.
However, on the other hand, I thought you'd all like to hear info "from the horses
mouth". I had a lengthly conversation with Navarre's CFO & Co-Founder, Chuck
Cheney, and although he was particularily careful about what he said, he was able to
answer my following questions:
Q. I noticed from the insider filings that you and Eric Paulson (CEO) sold stock recently
- why?
A. Eric and I collectively own 3 million shares of NAVR, plus options, and since 1993
we have only sold 20,000 shares.
Q. When will NetRadio CEO be announced?
A. We've short listed the candidates and will announce the CEO before the IPO is
announced.
Q. When will IPO be announced?
A. Any time between now and the next 45 days. (My opinion is that it will be much
closer to the former than the latter.)
And lastly, I think that we can all look forward to some major strategic alliances to be
announced very soon as well! So, my advise is to continue to build your position as
have I, because this stock will move on a moments notice.
My revised price target: $25 - $35 between time IPO is announced and actual IPO
launch. |
