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Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?


To: appro who wrote (2239)7/29/1998 12:45:00 PM
From: Paul B. Mackey  Read Replies (1) | Respond to of 2775
 
I had the release delivered to me by PSA at 10:20 EST. The stock is active due to the promise. Reuters printed that NCTI now only has 112 Million (ONLY!) outstanding. If this is right, and it is possible the Verity agreement changed o/s, repurchase is coming from unreported income which we will see August 14th. Clearly an effort to have the market recognize its binding revenue agreements...wouldn't it be easier to cite revenue agreements in releasees? If true, buy back of 10 to 20 percent would end my cry for a reverse split.

PS...A reverse split earned me cash in the past, despite the objections.