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Microcap & Penny Stocks : NPCT (old SUNY) -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (366)	12/4/1998 9:59:00 AM
From: Chad Beemer	Respond to of 1275

Here is what Kathy Knight said about this same question over on RB. You asked, "Is there any competition with us for the same or similar technology? Are Gil's shares restricted, as to selling them now? " First, I believe Gil has no shares to sell. My understanding is that he lost his eligibility for his options because he didn't stay for a full year, so they were cancelled. He was not given free trading stock and gave up all rights to anything when he resigned. I might add that Gil kept his word about his options and Paul gives Gil his highest regards. I think whoever Paul brings in that he will be the CEO of NPCT. I truly felt Gil would get something accomplished regarding some form of partnership as I feel he definitely knew the technology very well. I had heard for months that he was close to making a deal but it never came to fruition. I was told patent problems were the main reason for any partnership being finalized. My understanding is that there is already a party they are looking at to replace Gil. I feel that Gils resignation was a possibility for some time as I think there had been lots of pressure put on him for months and when he couldn't secure a partnership I think some doubt set in as to his abilities to formulate a deal. Right now Pauls main concern is securing a new financing for the company.