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To: Buckey who wrote (6)11/18/2001 9:43:05 PM
From: Old Stock Collector  Respond to of 42
 
Buckey NXCD

Chart has been going the wrong way. But it may be the begining of an uptrend for reasons in the quarterly report.
RECENT EVENTS

On October 31, 2001, the Company announced that its Board of Directors had retained Goldman, Sachs & Co. to explore opportunities for the sale of the Company to a larger, more established financial institution with the resources necessary to support the Company's continued growth. The Company's decision resulted from its belief that, given newly imposed regulatory limitations on its business operations, as well as the current market environment, it can best enhance shareholder value through a transaction with a larger and better-capitalized entity. Goldman Sachs has commenced an active marketing program for the sale of the Company. A copy of the Company's press release announcing the retention of Goldman, Sachs & Co., as well as providing additional reserves and limiting certain operating activities, has been attached to this Form 10-Q as an exhibit.

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NXCD wants to built up investor value & I think they will because the insiders own about half the stock.