RE: Kent Klook to PMB
posted on
Dec 01, 2005 05:14AM
I appreciate your post/reply. What you posted, I feel many prudent investors feel.
A reverse is dangerous and I, too, have seen many where the share price has fallen precipitously back to former values. That is the danger here and I feel is causing many to hold back from taking positions or increasing their positions.
I acknowledge that is prudent investing and I support it. However, I am not doing it (chuckle).
The risk/gamble is whether or not NPCT will be able to support the stock with significant and timely news during the restructuring process. I am holding with the hope that this will be the case.
Do I trade on what I saw in Hinesville, GA and my conversations with Paul? No. I will admit to dumping 10K shares when I read the reverse split in the past 10K. It was a knee jerk reaction and a small token of a sell. I have bought before and since then and have not sold any more.
I also subscribe and adhear to the discipline of using 5% to 10% of one`s portfolio for high risk investing. NPCT falls into that category. Though I have broken that rule many times in my past, it is wise and helps one sleep better at night.
As to many people making boat loads of money on this stock, I know of a few who took profits in 2000 when the share price went to 6 5/8. They were wise. I was not. Management of NPCT has not profitted from this and have gone through their own hades. I do feel the financeers have made money through their radical financing. Currently there are no convertibles or toxic funding going on. I do not see any selling by the financeers with the meager volume of late.
I maintain my position of support of NPCT management through their tenacity and perserverance (sic?) that we have a chance to profit. I had given up on NPCT mid 2004 and now feel a chance has been presented again.
Let us both watch this stock as hawks. I for having a position, you for the potential of taking a position.
That is what makes a market.
Regards,
Kent