Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : Nortran Pharmaceutical -NRT.V -- Ignore unavailable to you. Want to Upgrade?

To: dale w ruckle who wrote (474)	4/27/1998 10:44:00 PM
From: Saracen	Read Replies (1) \| Respond to of 1185

Having been a shareholder for a long time, I know that Dr. Walker and his UBC gang struggled through the first few years of Nortran's existence, never quite having enough capital at their disposal. And what they did raise almost always seemed to be too little, too late. As such, when somebody now comes to Dr. Walker offering fresh capital (and I believe that this is what happened), he finds it very difficult to refuse. Also, one of my broker's tells me that it was Dr. Walker who sold the 1 million+ block of stock last Monday at $2.15, and so I would not be surprised to see at least some of this cash being recycled into the just-announced financing deal. If he is a true believer in Nortran's potential (which I am sure he is), then why wouldn't he be willing to sell free-trading stock without warrants, in exchange for restricted stock with warrants? I wish I had the option to do the same.

To: dale w ruckle who wrote (474)	4/27/1998 11:05:00 PM
From: Michael M. Cubrilo	Respond to of 1185

Dale, IMO every junior or spec company with no real earnings needs to issue shares to keep projects funded and cash in the till to pay the bills. The trick is finding those gems among the rocks that will actually amount to anything. I still believe the long term potential of Nortran, but also feel that the stock will be consolidating for a while at these, or slightly lower, prices. If the trend continues down, I will be out all together. I am concerned about the rapid runup and then the financing. Another stock chart which just did this was EEE, which just did a financing around $7.00 after a rapid rise. The chart is on its way down now. Bought more GSM, it has a strong story, chart and EARNINGS! I will still be monitoring the NRT story. mike