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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: s martin who wrote (2948)	8/16/1998 10:20:00 PM
From: Pageup	Respond to of 3817

duh.............. :-) (couldn't resist)

To: s martin who wrote (2948)	8/16/1998 10:40:00 PM
From: Steve	Read Replies (1) \| Respond to of 3817

I'll venture an explanation of what the fundamentals are of a start-up like NTAH. Such companies go public to raise capital so they can pay the bills and further expand the company. Ideally when a company does go public positive earnings should occur in the first year being a public company; this will help prevent manipulation of the stock especially in the OTC-BB. If the company has problems then their stock price will drift lower shutting the door on further capital being raised in the public equity markets unless the company is insensitive to dilution. Being somewhat undercapitalized has hurt NTAH this year and diverted management attention away from their core business of oil and gas. Since they have secured some financing they are concentrating now on what should be some good results in 1999. For NTAH the fundamentals are the skill and experience of the principals and their past successes and failures. The value of their leases which includes proved not probable reserves. Also, for NTAH it is their JV with PAMCO to commercialize the air pulse oil pump. These are the fundamentals, as I see them, of NTAH at present. As investors in a start up company we are betting on primarily the skill of the principals everything else flows from this.