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Microcap & Penny Stocks : NCDR

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To: Arthur_Porcari who wrote (593)6/5/1999 11:51:00 PM
From: Q.   of 1440
 
CFO Chalnick is a loser - his last co. went bankrupt & now trades at 5/128.

Here's the story of Robert Chalnick at his only previous stint as an officer of a publicly-traded company:

It's called Digital Products (OTCBB - DIPC), and it's also located in Florida.

Chalnick was hired by DIPC on November 7, 1996
edgar-online.com

He quit January 14, 1997.
edgar-online.com

On April 3, 1997, the co. filed for bankruptcy under Chapter 11
edgar-online.com

The stock now trades at 5/128

What a glorious history for the CFO of a publicly-traded company!

He spent two months on the job. Before he was hired, DIPC was a fully reporting company, but afterwards, Chalnick only filed an NT-10Q to indicate he couldn't file the next 10Q in a timely manner.

The co. never filed another 10k or 10Q. It just went bankrupt. Great job, Chalnick! I look forward to seeing what you can do for NCDR.

Now, here's what Dunavant (the horse-shampoo conman) had to say about Chalnick:

FORT LAUDERDALE, Fla., April 30 /PRNewswire/ -- William R. Dunavant, president of Corsaire Inc. (OTC Bulletin Board: NCDR - news), a Fort Lauderdale-based developer and marketer of advanced Internet video/audio broadcast and security products, announced the following appointments to the company's senior staff:

Robert Chalnick has joined Corsaire Inc. as executive vice president of finance. He will be responsible for the company's financial planning, accounting, audits and administrative records. Chalnick is a Certified Public Accountant (licensed in Florida, New York and New Jersey) and has more than 30 years of business experience. As a partner at Touche Ross & Company, he worked with several multinational clients and participated in numerous IPOs. He was also the CFO of a public company and ran an investment banking firm. Chalnick holds a Master's degree in tax and finance from Baruch College.


this bio sort of glosses over the ugly parts, doesn't it?
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