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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Russell Gish who wrote (3721)5/29/1998 10:23:00 AM
From: Bert  Read Replies (2) | Respond to of 25711
 
Russ,

Try the DYNS thread on SI.

Regards,

Bert



To: Russell Gish who wrote (3721)5/29/1998 10:28:00 AM
From: Chad Beemer  Read Replies (1) | Respond to of 25711
 
Russ,

Sorry on DYNS but I will let the NPCT speak for itself as there
is now another group in NY on board and Europeans coming in
next week and possibly a group from LA later on once they get
their dd done. You heard about this one first from Billingtons
at www.billington.com. It should be a good one to follow over
the next few weeks and I hear the financing is on track for
the next week or two. Call 800-828-1866 for more info. Also
keep an eye on WAST as it has been held down by the shorts for
now but they will be crushed when the time comes.

Chad Beemer



To: Russell Gish who wrote (3721)5/29/1998 10:55:00 AM
From: TARIQ STOCKS  Respond to of 25711
 
ICNT information from their SEC report:

ICNT owns three wholly-owned subsidiaries:
1-NTC: telecomunication, huge sales~$120M, big losses, they have an agreement to sell this one for $17M and %16 stake in the aquaring company.
natltele.com
2-GenSource Corporation: develops
and markets insurance-related claims administration $1.6M in sales, huge profit margin and income.
gensourcecorp.com
as well as others most have profits.

The point here is that despite their loses and the Nasdaq warning which plunged the stock price, If they sell NTC they will become a profitable company with huge cash. Their May 27 release says and I quote:
"Incomnet has until July 15 to comply with NASDAQ's net tangible asset requirement. The company said that this will be achieved if the sale of its National
Telephone & Communications (NTC) unit is approved by shareholders and consummated by that date.

In March, the company reached an agreement with Minneapolis-based NTC Acquisition, Inc., now NextCom Worldwide Communications, Inc. to sell
substantially all the business and assets of NTC for about $17.0 million in cash.

Incomnet also would receive a 16 percent stake in the acquiring company."

This company has a Cap of $5M and will get cash $17M, if the sales is approved we should satisfy Nasdaq meaning above a dollar. I am shareholder and all for the sale of NTC.

ICNT has been steadily rising from the ashes. Study this one carefully, no rush here. %95 of the owners of this stock have bought it at above the dollar and %99 probably above these levels. The shareholders approval is the big thing in this one and I hope it happens.