PINL:NEPTF - Post by User
Comment by
gwrbion Jul 01, 2009 11:10am
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Post# 16111022
While we are at it . . .
While we are at it . . .
Late day (after 5pm) press release for financial results of a nothing subsidiary whose period end was Feb 28. Four friggin months to issue statements for a tiny company. Should be 30-45 days to report max!
And, as for the CFO's need for cash. If you need $50K (and who doesn't), normally what happens is executives can borrow against their stock (pay prime plus 1% vs. foregoing what should be a sure double or better over the next 12 months). What a hit to everyday shareholders to have the CFO cash out of some of his position (when he should be promoting why it is such a great buying opportunity). In this case, NTB stock is probably not bankable because it on the Venture. Getting off the Venture has to be a top priority.