To: Paul Bartosh who wrote (2423 ) 11/26/1997 11:18:00 PM From: Jaffo Read Replies (3) | Respond to of 4676
To All: In regards to QQTTC, I have forwarded the following Q's to Mr. G: Q #1 from Bob Jordon: Why should I be a shareholder in NRID? That is to say, what steps are you taking to RAISE the stock price?? I hope it is not a reverse stock split. Q #2 from Sheldon C: Lets say NRI costs $1.5M bare minimum to run a Qtr. And lets say we make $200 a unit. NRI has to sell 7500 scanners/units per Qtr to break even. (ignoring service income). When do you estimate that this Qtr. will come, and how will the Cogent payments impact (are they the ones we pay royalties to?) on this number? Q #3 from +srs: What incentive does the top management have in raising the price of stock, if any? Q#4 from Jaffo: Many of us who follow N closely is convinced that this qtr will not be the turn around qtr envisioned by you and that therefore more financing will be needed very soon. Are we correct and if so have we started to look for financing to avoid another "Encore conversion/dilution"? Also, to what extent will the financing dilute the Company. If we don't breakeven, will revenues be over $1 million this QTR. #Q#5 (optional from Jaffo) In light of the horrendous beating we are taking, would you take this opportunity to give us a "State of Corporation" briefing indicating the pro's and con's of NRID both long and short term? For those who provided Q's, many thanks. Best of luck and a happy and safe Thanksgiving to all. Jaffo...going long and banking on NRID's products are great; alliances are phenonmenal; customers and market will be there; satisfactory financing will be available; selling mania is irrational influenced by Encore's conversion, Coghig's Report, and stop points; the perceived Cogent problem will be a non-problem; and there will be no reverse split...