The Start of Something Big?

The first shot over the bow was last week when the qtrly was released and NCO traded over 17m shares (just over 5% of its issued cap) – its largest daily volume ever.

Three trading days later and we’ve traded almost 10% of the issued cap. There is no doubt in my mind that something is close to being consummated here and that NCO is rousing from a long slumber.

What you have happening currently IMHO is some of the stale bulls getting out and some of the “insiders” starting to get set. Similarly, the day traders are starting to have a long, hard look at NCO, so there'll be plenty of churning. However, I put another theory to you.

NCO at .005c is capped at about $1.65m with an EV of about $1.1m – about where it should be as a clean shell (it could also justify a price up to .007c/.008c without anything happening IMHO).

Looking at recent deals in the tech space – assuming these are the deals that NCO is assessing; a market cap of $25-50m on the back of a deal is very possible (look at POK, AZK etc. to see why). This would give NCO a price of between 8-15c. Not a bad little turn from .005c. And it could happen real quick.

Anyhow, just my 2c.