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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (11064)7/22/1999 4:23:00 PM
From: ynot  Respond to of 18998
 
i had it zapped

basically, gilder seems to be very hot on a stock, and pumps it in his newsletter and post(s) on SI without mentioning a few key details

according to SEC filings by NOPT
sales won't cover debt payments to CMP/NU (major shareholders)
sales may not materialize
NOPT just sells 'pipe', a no value add commodity
most right of ways for pipe are CMP/NU derived, no contracts
some CMP/NU right of ways were successfully challenged by landowners forcing NTOP to pay landowners
-makes you think about where they will be laying their 'pipe'
NOPT sold debt instrument to CMP/NU which restricts additional ability to sell debt/assets, enter into business relationships and NOPT must basically rely on sales to pay for a debt they expect not to cover

this is my interpretation of SEC filings
NOPTurd i the moniker i like, but please do dd for a better one :)
Tom Hua has made some interesting posts as well
good luck
ynot :)