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

To: David L. Wasylenko who wrote (2325)	9/17/1998 9:02:00 PM
From: valuehunter	Read Replies (2) \| Respond to of 2775

I'm impressed with the news release, but........................... As i've posted numerous times, there are already way too many shares out. With 150 million shares they would have to earn $1.5 million for .01 EPS, $3 million for .02 EPS, $15 million for .10 EPS. I hate to say it but this is just too too unlikely. I HATE reverse splits but....... What kind of fiduciary responsibility did the BOD/mgt demonstrate by allowing so many to be issued? I would actually prefer debt to this outrageous float. NCTI can't even be a viable takeover candidate despite their excellent technology as this "little company" would cost a buyer $750 million if they were to purchase it for $5 per share. I'm afraid NCTI might have dug a hole for itself.