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Netcentric is pleased to announce the appointment of Howard Crosby to the Board.
IEC4 - Wed, 27 Dec 06 :
RBonnier - 27 Dec'06 - 11:51 - 2613 of 2614
No we are not jealous just stating the bleeding obvious the stock has doubled and will now retrace on profit taking.
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Why?
NCS shares were that price when it was a cash shell, with no business plan and no turnover. The price was based on the reputation of the board and the expectations of investors that the previous experience of the board would identify a suitable RTO.
We now know what the company is going to be (The Oil Mining Company) and that Howard Crosby, John Ryan et al have identified, short, medium and long term goals for the new company.
The new company will come into being on the 17th January. The board have stated in the placing document that a number of strategic, income producing, oil wells have already been identified as suitable targets.
The placing price is 2.5p. The RTO has been based on 2.5p. Price might go up, price might go down.
Now if you'd like to explain why these will definitely be 1.25p, please explain.
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Must be taking a lot of thinking, 3 hours and still no response from any of the muppets......LOL!
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