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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (338)12/17/1997 1:12:00 PM
From: PC11  Read Replies (1) | Respond to of 441
 
Two comments:

It's my job as an individual investor to get the best deal possible when I purchase stock. This applies to every stock that I own. If somebody wants to try to purchase NRAG below the ask then so be it. This stock will fly/not fly on the merits of the deals at hand, not on the price that somebody pays for NRAG today.

Secondly, any analysis of the company's value should not use the company's "float" in the analysis. Even if somebody bought the float they would only own about 28% of the company. The company's market value right now is ~$5.5 million, not bad for a company with 200K in assets on the balance sheet and negative stockholders equity.

Once again the company will be OK if the deals at hand come to fruition. Oh, and by the way, every share of NRAG that I've purchased has been purchased at the ask.

As always best of luck



To: Due Diligence who wrote (338)1/6/1998 9:37:00 AM
From: PC11  Respond to of 441
 
Math 101

Sorry for digressing, but I noticed that somebody was disputing the published float total as of October 6, 1997. I was told to "reread it". So I will do the math.

If 25% of the float is held, and 1.4Million (75%) are remaining, then:

1.4Million divided by 75% = 1,866,667

The estimated float as of October 6, 1997 was ~1.9Million.


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