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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (699)	9/18/1998 12:06:00 AM
From: Cavalry	Read Replies (1) \| Respond to of 1637

here is interesting thought from peso release in july JOH Rubber Inc. is a Canadian company founded in 1989, organized to exploit the vulcanized-in-place (VIP) technology. This technology provides better sealing, lighter weight, lower noise and reduced cost. The Company supplies Ford Motor Company and General Motors with this superior proprietary sealing system technology. so we bought a company with deals with gm and ford wonder if we make other things ford can use and this from same release Bob Michelini further stated, "In North America, about 15 million passenger cars and light trucks are produced annually. These would use on average, 4 covers per powertrain at an average selling price of $9 per unit, representing an annual market in North America alone, of about $700 million. The current market penetration of these sealing systems represents sales of about $100 million and growing each year 100 mil market two major competitiors even 20 mil of this 20% of existing market share $4 per share in revenue even with 10% margin this adds 40 cents per share per year at 10x earnings this adds $4 per share to peso. those financials ending june 98 were before joh aquisition. i think peso paid 200,000 shares of peso stock for joh rubber deal and to buy rights to patent at $6 per shre peso was trading at in july this would equal 1.2 million dollars for the buyout and patent see here in release Pursuant to the merger agreement ("Merger Agreement"), Northport Industries Inc. will acquire all of the issued and outstanding stock of JOH Rubber Inc. The Company will become a wholly owned subsidiary of Northport under the terms of the agreement, in which shareholders of JOH Rubber Inc. will receive restricted common stock shares from Northport. Additional terms of the transaction were not disclosed. terms not disclosed but total shares out were 5 million even in june and now it is 5.2 million shares outstanding makes sense 200k new restricted shres added to pay for joh deal cav