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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (3661)	2/8/1999 4:30:00 AM
From: ratan lal	Read Replies (1) of 12475

Mohan: here is the story on NAVR. On dec 9, 1998 the ceo was on cnbc and said that they would be announcing the net radio ipo within 60 days which fall on tuesday the 9th feb. They have already selelcted the ceo of netradio. The NAVR ceo said teh same thing when asked during the conf. call after their earnings a couple of weeks back. So if we can believ that te ceo will keep his word, the announcement should come sometime befopre the market opens on wed the 10th. These are the bare facts as i know them. I am afraid that if they do not announce the ipo, NAVR could tank till peopel find out what is going on. As you know the market hates uncertainty. ratan

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