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Microcap & Penny Stocks : New Sky Communications (NSKY) -- Ignore unavailable to you. Want to Upgrade?

To: Currency who wrote (2155)	8/31/1998 2:49:00 PM
From: myturn	Read Replies (2) \| Respond to of 2601

Yes, there is truth to that message, but as you can see no one is concerned about 2,000,000 shares that have been filed by Mr. Reynolds for sale. I spoke to Colleen today. He filed those 2 million shares two weeks ago and has no intentions in selling them any time soon. Mr. Reynolds has still two major projects to announce any day now that he believes will push NSKY to much higher levels. 2 million shares @ .023 because that is what he would have to sell them at if he were to sell them today is only $46,0000. Mr. Reynolds does not receive any salary what so ever from NSKY. That is the great thing about being involved with a fullly reporting company. They can't hide anything from their shareholders. NSKY currently is only carrying a debt of $150,000 . How many BB stocks do you know that is only carrying a debt of $150,000 and has the potential of increasing its revenue to 20-50 million dollars over the next year. I call Mr. Reynolds move as a bold and bullish move on his part. I also call it a wise move on his part. Here is man that does not get paid by his company other than in shares. NSKY has been in exsistance since 1989. Mr.Reynolds has not sold any shares in the public market in the past five years. That tells me he has been working for free for NSKY for the past five years. I have no qualms about Mr. Reynolds filing a 114 for 2 million shares. At the current price, that would be $46,000. Well lets divide that by five considering he hasn't taken a salary in five years. That comes out to be $9,000 a year. I wish every CEO of every company was as responsible and ethical as Mr. Reynolds has been.