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To: Savant who wrote (1627)	11/30/1998 1:08:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 18366

Has anybody read the latest projection on NCII by Renwick Corporate Finance, Inc.: "... Renwick, its managing directors, its affiliates, and /or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation" Now, I think I know why Renwick projected that there would only be 120 million shares outstanding by year end 2001. Renwick projects earnings per share of negative .012 in 1999 with only 75 million shares outstanding. Earnings per share in the year 2000 are projected to be positive .031 on only 100 million shares outstanding. Renwick's report is dated 11/23/98. I think that was plenty enough time for Renwick to consider and project the possibilities of 175 to 190 million shares becoming outstanding by 2000. Let us see what earnings per share in 2000 would be under a different shares outstanding scenario: 100 million shares: $.0308 150 million shares: $.0205 175 million shares: $.0175 190 million shares: $.0162 Only time will tell what will really happen with shares outstanding, revenue, and income (or loss). Renwick, projects that NCII will be at $.2 to $.25 in nine to 12 months. I sure would like to know how much Renwick is being paid and or how much Renwick, its managing directors, affiliates, and or employees have of NCII's stocks or warrants.