To: Hugh A. McWhorter who wrote (2570 ) 2/27/1998 6:38:00 PM From: Bill Pearson Read Replies (2) | Respond to of 3358
+Bill Pearson (2569 ) From: +Hugh A. McWhorter Friday, Feb 27 1998 12:58PM EST Reply # of 2572 Bill--excellent post, as usual. What I initially put into INCE was not play money. I believe that was the real lesson I have learned with this company is that if you are going to chase a bulletin board stock do it with money you don't need. In keeping with this philosophy I had just over $2,000 laying around this morning and bought another 20,000 shares. (Even did it before reading your post). My average cost is now $.64. I figured maybe, just maybe getting close to Paul's option price is a plan that would make sense at this time. Knowing then what I know now I would not be in this position. Hugh Hugh - I'm with ya, except I bought 2100 shares of NPCT...with the thought that it might go to $5...and then I'd turn around and buy more shares of INCE. I too have learned several invaluable lessons from this situation, and if I knew then what I know now... I wouldn't be in this situation either. I understand that Paul is looking for a way to spin-off shares of Nanopierce and Sigma to current INCE shareholders, similar to how we were supposed to get shares in ITCO. I believe a reverse split on INCE is not only prudent, but most likely. I think the end result will be a new INCE that owns the majority of Sigma, and Nanopierce, and that has less than 20 million shares outstanding.... perhaps even less than 10 million (e.g., after a 1:6 reverse). As long as I don't get upset about losing my ability to become a millionaire off INCE then who cares if I have 20,000 shares @ $.50 or 100,000 shares @ $0.10...... if the fifty cent shares will enjoy a supportive market and can increase to $5.00...... I'd rather have that situation than a ten cent stock that has no chance at getting to $1. We'll see... I just pray that Molex signs sooner rather than later... BTW - I made the market for NPCT....they sold 3100 shares today...I bought 2100 of those shares...boy don't I feel important. I just want it to get to $5 so I can claim the small victory that accomplishment would represent. Bill