SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?


To: Silicon Trader who wrote (547)1/20/1998 5:32:00 PM
From: MrBuzz  Read Replies (1) | Respond to of 7701
 
MBA,

Thanks for this critical piece of information. Tomorrow
is another day. This just goes to show that people are selling for no reason other than that little voice inside of them saying "sell". That's ok with me. Because I wish to have only the strong shareholders in the long run.

George, if you read this, I wish you and your family all the best.

MrBuzz
LONG ON NRAG. YOU SHOULD BE TOO.



To: Silicon Trader who wrote (547)1/20/1998 7:55:00 PM
From: Slobeat  Respond to of 7701
 
MBA, Thanks for getting the details about the float.
I can understand delays in getting out press releases
and delays in everyday business. However I was concerned
about the additional shares added to the float, and now
you have cleared that up.

Thanks again,
Duane.



To: Silicon Trader who wrote (547)1/21/1998 9:00:00 AM
From: PC11  Read Replies (2) | Respond to of 7701
 
Noram Investors:

First of all, to Mr. Zilba and his family, my prayers are with you!!

Now down to business.

If anybody intends to call Noram within the next week, could you please try to get these questions answered. I would do it myself except for:

1. George didn't return my last call (toll-free). He doesn't agree with my style of due-diligence, and I don't agree with his style of running a company.

2. I will be out of town until Tuesday for a well deserved vacation.

My questions are:

1. Concerning the "friendly" insider who registered to remove the legend from their 1.5 million restricted shares, could I please have the name of this insider. Also, does he know how long ago this insider recorded this filing.

2. On December 17, 1997 George estimated the float to be 4 million. The 1.5 "friendly" shares brings George's total to 5.5 million. The TA confirmed the float at 6.5 million. Does George know where these extra 1 million shares came from?

3. In our last (and probably final) conversation, George reiterated to me (for the 2nd time) that there would be no further share issuances in the near future. Lo and behold, 192,500 shares have been issued since November 3 (date of 10Q). Can I have an answer as to who received these shares?

In closing, I'm only mildly concerned regarding the significant increase in the float. I always use the total shares O/S when I perform my estimates and analysis. That currently stands at 14.3 million. HOWEVER, one cannot discount the question "Why would insiders be selling shares considering the company's potential"? I still feel that a news release explaining the current situation in Venezuela is necessary. Whether good news or bad, the shareholders have a right to know.

Best of luck
Paul