To: Mike who wrote (37 ) 7/23/1998 2:50:00 AM From: David in Ontario Respond to of 193
Hi Mike - thanks for the additional information Yes - Aquasol has a deal with ICI and is marketing Aquasol Solution as Hydrosol 700. However, what do you know of ICI marketing the SV-35 product line under the name Hydrostrip 500? I can't recall any public announcements to date - but they may be there somewhere? Future NIR share price - will this not be driven by fundamentals - orders, sales, increasing market penetration, expanding client base, etc? How can anyone truely estimate reliable numbers to cover these variables three or six months hence? What of the glowing independent test results that filter through to the threads from either existing or potential clients? How can they be factored in (today) to predicting the NIR price at some future date? The market will determine the true value of Napier's share price - which will be driven by strong fundamentals - that I believe will - and are now - developing. Consider this (again) from the April 21 News: "The agreement between I.C.I. and Aquasol, projects that I.C.I.ÿDEVOE Coatings will purchase a minimum $1.6 million of Aquasol Solution during the first year of the private labeling agreement. Sales of the Aquasol Solution are expected to increase as internal presentations are made throughout I.C.I.'s vast marketing arm, which covers 163 countries." When I spoke to Ron Graham at ICI and asked him about the $1.6 million minimum purchase - he said that 'they like to be conservative' - so what will the real number be - who knows - but I suspect that it's going to be a lot higher than $1.6 million. Napier and Aquasol have a wonderful opportunity to corner the worldwide markets in the chemical stripping and surface cleaning sectors. I believe that they will do this in collaboration with their licensed partners - primarily ICI Devoe Coatings and K-G Packaging. We've also been told that the institutions (mutual funds) also want to read strong fundamentals in the next 'big' News release(s) and that they just don't want to read 'just another' News release. Customers - old, new and future - will drive the fundamentals - which are strengthening as each month passes. Since the last two main News releases on 15, 21 April NIR has held very nicely at $2+. Look where it was before March 1! To my mind the market continues to strongly support Napier. Your comments tie in with what Owen Hoffman from Aquasol told me recently: that is there is a scheduling criteria that they are following with regard to the coordinated News releases. Whatever way you look at it - there are just too many indepenedent sources of information - to believe nothing other than NIR will be a standout stock over the next twelve months and beyond. It has already started to stretch its legs. Final thing - any comments on Bunka's latest piece on NIR in his Newsletter - The Outsider's Overture? Thanks for the two great posts today - pleased you're onboard, David.