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To: stiltz1 who wrote (7744)	2/15/1999 9:41:00 AM
From: Dave	Read Replies (1) \| Respond to of 27722

Stiltz, Let's see.. <<you do not think postponing the ipo was bad news>> I don't think the IPO was postponed since we were never given a date for it in the first place. Actually, management has been pretty straight with us. In the earnings CC, Paulsen said that he thought the filing would be pretty close and if it was going to be a little delayed, he would announce it, which he did. I think that's pretty honorable. <<, or the little accounting "irregularity" given to us on earnings day>> Since the accounting issue has no impact on current financials and is in the past, I really don't consider it an issue (maybe you do and that's ok - we're allowed to have different opinions). Additionally, it looks like NAVR will be debt free by the end of the 1st quarter which is another positive. Bottom line is that if all this was REALLY bad news, the stock would have tanked completely...all is did was drop a bit in reaction to the delayed filing which IMHO will happen anyway within the next few weeks. I'm already seeing comments on other message boards about traders starting to accumulate again for another run up and I would expect it to start to move as the week goes on. FWIW, Dave

To: stiltz1 who wrote (7744)	2/15/1999 11:20:00 AM
From: Annette	Read Replies (1) \| Respond to of 27722

Aha...a short among us.

To: stiltz1 who wrote (7744)	2/16/1999 7:21:00 AM
From: rest42	Respond to of 27722

Stiltz,my friend,a delay in filing is not a postponement!A postponement would be a little longer than within a couple of weeks.Paulsen and Cheney sold stock at the beginning of February-is this good or bad-I don't know,but I do know that if Navrre officials sold stock while touting an IPO when in fact they knew that IPO was going to be cancelled would be more stupid than stupid.Paulsen and Cheney would not have anything left after they paid for their lawyers!Its one thing to hype your stock with a little overly optimistic news.Its another thing to scam or commit fraud and announcing IPO's to get out of positions is beyond fraud!There was a company in Bedford,Mass,I think it was Centennial Tech where the CEO rigged the books with phoney sales,I think he is still in prison!AL Dunlap cooked the books with a little fancy accounting,but he didn't announce phony mergers with non existent companies to sell his shares at higher prices,because if he had,he would now be retired in a federal pen in Danburry,Conn. rather than resting comfortably drinking Pina Coladas in Boca Ratan!Insider trading does not instantly mean big evil things are about to happen.On the other hand it doesn't mean it won't as well!Your guess is as good as mine.Good Luck!!!!