>>> NAVR, I spoke to the CFO & CEO myself<<<
On one hand, I don't know why I am writing this because I hope that NAVR goes down further, 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 (the highlights):
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.
I later spoke to Navarre's CEO & Co-Founder, Eric Paulson. He too was very careful about what he said. I really like the vision that this company has for the future and I can tell you this - the company has the product and these guys have what it takes to do the job and any shareholders who bail out now will leave a lot of money on the table. This isn't a daytrade and if you don't mind holding short-term, or longer if you choose, I firmly believe we shall see a 150% - 250% return in the above time frame (NAVR currently $10). |
