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Non-Tech : NVDC -- Ignore unavailable to you. Want to Upgrade?


To: Jason B who wrote (141)6/14/1999 6:11:00 AM
From: Crystal ball  Respond to of 198
 
<Only 2.1 million shares outstanding and 75 percent owned by insiders the float is very small.> You are exactly right, as I understand from reading other posts and sources, the insiders are sitting on this stock, and praying no one presses the market maker to push the price up. They have set up driveoff.com as a wholly owned subsidiary instead of spinning it off to shareholders as a dividend. The reason is that the insiders do not have the personal cash to pay the taxes on this kind of an expected gross profit (CAPITAL GAIN) and therefore are trying hold the stock price down, to slowly, "Sneaky" one broker in denver put it, to keep buying it up. That way when the time comes, and they have to part with some of it, like a secondary offering or new spin out IPO, they will still keep CONTROL INTERESTS.
Right now the CEO has 24%, wishes if he was going to part with half that he had kept 48% instead, and so the story goes, on down the line.
I am,
Truly yours,
-Crystal ball



To: Jason B who wrote (141)6/14/1999 6:17:00 AM
From: Crystal ball  Respond to of 198
 
No insiders have sold either. More good news with new car models is expected as well as other good news you indicated, I agree.
Still an accumulate.
I am,
Truly yours,
-Crystal ball
P.S. When people realize the difference in value between a $2-$3 book and a $20,000 to $30,000 new car, maybe then they will realize that AMZN and EBAY etc are either way overvalued, or more logically, that the three Publicly Traded companies ABTL, AWEB and NVDC that sell cars online and can target more market share by having ready access to the public financial markets, are indeed UNDERvalued. The other odd info bit is that NVDC has a 1 to 3 Buyer to Viewer ratio, I do not think AMZN and the rest have that for Book buyers or Music CDs etc. NVDC must be doing something very right, and I am amazed at how quietly they are pulling it off.