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  • profit_guy profit_guy Dec 31, 1998 9:00 AM Flag

    look at news for HNV

    On one hand, I don't know why I am writing this
    because I hope that NAVR goes down today, so that I can
    add to my position.

    However, on the other
    hand, I thought you'd all like to hear info "from the
    horses mouth". I had a lengthly conversation with
    Navarre's CFO & Co-Founder, Chuck Cheney, and although he
    was particularily careful about what he said, he was
    able to answer my following questions:


    Q. I
    noticed from the insider filings that you and Eric
    Paulson sold stock recently - why?

    A. Eric and I
    collectively own 3 million shares of NAVR, plus options, and
    since 1993 we have only sold 20,000
    shares.


    Q. When will NetRadio CEO be announced?

    A.
    We've short listed the candidates and will announce the
    CEO before the IPO is announced.


    Q. When
    will IPO be announced?

    A. Any time between now
    and the next 45 days. (My opinion is that it will be
    much closer to the former than the
    latter.)


    And lastly, I think that we can all look forward to
    some major strategic alliances to be announced very
    soon as well! So, my advise is to continue to build
    your position as have I, because this stock will move
    on a moments notice.

    My revised price
    target: $25 - $35 between time IPO is announced and
    actual IPO launch.

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NAVR
3.840.00(0.00%)Sep 11 4:00 PMEDT

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