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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (95552)	11/6/2001 1:24:43 PM
From: The Osprey	Read Replies (1) \| Respond to of 150070

NXCD-Something to consider. NXCD will not just disappear or go BKPT yet.With that kind of cash per share and a credit card portfolio that is showing over 20% ROI coupled with Tax loss carry forwards this company is worth more than 2.00/share on a takeover.Do some DD guys and look at this company as if you were going to buy it yourself if you had enough money.This is bank material products.Look at the loan portfolio with less than 6% 30 days O/D.Oh yes they do have some problems with reserves but I do recall in their quarterlies that there was money available to rectify that.Were they lying???.I would suspect a well capitalized financial institution is looking at this and saying How cheap can we get this.Yes there are fraud loans but most companies have these even banks.I worked in the business for over 7 years back in the late 70's early 80's.Most of you would not remember the spike of rates in 1980-81.I do.I was selling Guaranteed investments at 22.75% and lending mortgage money at 17%.Unemployment was double digit and the economy was the pits.Guess what.My company bought out 2 of our competitors.What I am saying is take a look at the big picture.This is worth at least 2.50-3.50/share on a buyout.I will settle for 2.00/share.They have enough money to sustain them into next year without a buyer.I do have a position and guess it is fair to say higher than current price at .75... Hearing rumours that the company is being looked at as we speak with DD being done.FWIW