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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (339)	12/7/1998 9:32:00 PM
From: Anthony@Pacific	Respond to of 122087

You actually smell Rat-droppings, man just when I thought i could unwind a littel and take it easy...I guess I gotta postpone that vacation..oh .well..

To: rogermci® who wrote (339)	12/7/1998 9:37:00 PM
From: RockyBalboa	Respond to of 122087

Do you have an actual share count on NAVR. Back in June they did a convertible issue w. as far I remember. That bunch was sold into the 2nd run-up to 9 back in Summer. Here it is...enjoy reading. fnews.yahoo.com "Some companies Navarre learn. In May, the company was running low on funds so it issued a $20 million private placement. The fact that it was dilutive would be an understatement. The deal consisted of 7.6 million shares issued at $2 5/8 and 7.6 million warrants exercisable at $3 1/2. The offering might have seemed fathomable earlier in the year when the stock was trading barely above two bucks a share. However, since the shares had hit $12 3/4 the month before, Navarre's timing couldn't have been worse. The logical solution, which was to produce working capital by spinning off the pure Internet glitz of NetRadio, did not occur to the company until late July. Too little, too late. By then the damage was done and the dilution had flooded the stock. ... With the offering shares having appreciated many times over, it was clear that the selling would kill off any rally. The placement shares and warrants represented twice as many as all of the shares outstanding at the time. Any fundamental improvements -- and there would be plenty for Navarre -- would be greeted like a salmon trying to swim upstream as the deluge rained down. " Earnings don't matter, revenues don't matter ... share count doesn't matter. C.

To: rogermci® who wrote (339)	12/7/1998 10:03:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 122087

mci, tokyomex thread printed 672 entries today (and counting). C.

To: rogermci® who wrote (339)	12/7/1998 10:45:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

Like rats from the sewer Mex's thread is spreading the word on a short squeeze on Tuesday in anticipation of the companies CEO going on CNBC. I think CNBC will ask some hard questions. The 20 million private placement is a big one since the shares are diluted beyond belief. There also was this article. If Cramer was doing the interview this would be the first question on his mind. Navarre falls on insider sale news Two company executives filed to sell 329,000 shares By Darren Chervitz, CBS MarketWatch Last Update: 4:30 PM ET Dec 3, 1998 NewsWatch MINNEAPOLIS (CBS.MW) -- Navarre Corp. shares fell 19 percent after two executives registered in filings with the Securities & Exchange Commission to sell about 330,000 shares in the company. Navarre (NAVR) shares closed off 1 15/16 to 7 15/16. The stock rose from about 5 7/8 last Wednesday to as high as 27 earlier this week after the music and software distributor's chief executive told CBS.MarketWatch.com on Nov. 25 that the company "was working ... diligently" to file for an IPO of its NetRadio online unit. See related story. CEO Eric Paulson then proceeded to register 200,000 shares of Navarre for possible sale, according to NewsTraders.com, an online news service which tracks insider trading Form 144 filings with the Securities & Exchange Commission. Form 144 filings report an insider's intent to sell shares and do not necessarily confirm that the transactions took place or will take place. When the shares are sold, an executive must then file another form with the SEC, such as a Form 4, to record the sales. Many of these documents are filed only on paper and are not included in the SEC's electronic database, so they can be tough for investors to find. If the transactions did occur at the time Paulson filed the Form 144s (Nov. 27 and Nov. 30), the executive would have raised about $3 million from the stock sales. Paulson founded Navarre in the 1980s. Navarre board member Charles E. Cheney also registered to sell 129,900 shares of common stock between November 11 and November 30 with a market value of about $1.9 million, according to SEC documents compiled by NewsTraders.com. A Navarre spokesman said that the story on CBS.MarketWatch.com "gave [the executives] an opportunity by creating a liquid market to be able to exit and cash out a small portion of their stakes in the company." The spokesman could not confirm the shares were actually sold. If the sales took place, Paulson still owns more than 2.2 million shares of Navarre, not including options, according to SEC documents. In the Nov. 25 story, Paulson, who was contacted by CBS MarketWatch, declined to discuss a specific timetable for the IPO filing, citing SEC regulations, saying only that the company has hired an investment bank to handle the offering and is "working on [the filing] as diligently as possible." He also declined to talk about other specifics of the IPO, including the name of the banker working on the offering and the percentage of NetRadio that Navarre plans to sell to the public. The company spokesman would only say that Navarre, which recently hired a new chief financial officer, is waiting to find a new chief before it files for the IPO. For the time being, Paulson is also operating as NetRadio's chief executive. Navarre initially said it intended to file for a NetRadio IPO in July but never gave a specific timetable for the offering. "They need to get a CEO in place first, and they're not going to hire someone just to hire someone," said the spokesman. "This is not a delay in the filing, just a step in the process."