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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (2321)	6/30/1999 11:25:00 AM
From: Mark Duess	Read Replies (1) \| Respond to of 2444

Tai.. The TSE symbol is NIR. I'm not familiar with Etrade systems but I doubt they would have their own symbol for a stock. For delayed quotes I use Canada Stockwatch. It shows NIR going up again. This up and down between 1.30 and 1.50 is making me dizzy. I hope the 1.50 barrier gets broken soon. I figure someone is unloading a bunch. I wish they would reconsider. Good luck. Mark

To: Tai Jin who wrote (2321)	6/30/1999 11:30:00 AM
From: PeFiSt	Read Replies (1) \| Respond to of 2444

Mark and Tai, Napier is traded on the Toronto Stock Exchange (TSE)as NIR (as you know). To buy the stock through a US broker/dealer, like Etrade, PaineWebber, etc. you must use the wire code NAITF, but the trade is ultimately made on the TSE. By the way, on a fully-diluted basis (with roughly 28M shares authorized), with an EPS of .43/share based on $12M annual revenue (no further growth included) by the end of this year, and a nominal chemical industry P/E of 15, would equal a share price of $6.45. Obviously, there are many variables, but its clear that a much higher price per share is warranted even now. Also, the $1M/mo. revenue is a revised number projecting integrated revenues for both Napier and BioWash.