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Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Arthur_Porcari who wrote (451)	5/31/1999 11:40:00 PM
From: Q.	Read Replies (1) \| Respond to of 1440

Thank you Arthur, for sharing your kind thoughts with me. As for my 'ignorance', well, as an investor I rely on reading SEC filings. You do read them, don't you? Nothing in the filings says what you just explained. The 10Q does not say that Telenet and Baraka were related. It describes their acquisitions separately. Nor does it give any details about the large bank debt that you described. It does state that the intellectual property rights of Baraka were acquired for a mere $510 k. So on the assumption that you are correct, it appears that the correct answer to my question is either #1, the company made false statements in its filing, or #2, the company omitted material facts in its filing.

To: Arthur_Porcari who wrote (451)	6/1/1999 9:02:00 AM
From: Craig Richards	Read Replies (1) \| Respond to of 1440

Hi Arthur, Thanks for clarifying parts of the SEC filing. Some other questions I have. The Telenet company was only incorporated for about 1 month before being bought out by Corsaire. Any comments on why it was around for such a short time? How did it come to be involved with Baraka's assets? Did the Telenet buyout depend on NCDR's stock price staying at or above a certain level? Or did the bank just accept its million shares in return for $8 million owed to it? I noticed NCDR didn't file anything about Baraka's previous earnings or revenues. Why not? Do you have any of this information? It seems like this would be very useful in valuing NCDR. Regards, Craig