NavStar Technologies Fails To Meet Promises (PINK:NVSR)
Jay Garcilazo (October 30th, 2009) Writes:
It has been almost a month since NavStar Technologies Inc (PINK:NVSR) announced a “Major Breakthrough” in the Middle east on October 8, 2009. They anounced that “Details will be provided to shareholders in the next 5 to 7 days” on this “Major Breakthrough”. Now investors have been in the dark for 22 days and NavStar failed to meet its promise.
I had a chance to speak with Pat Bannister, CFO, at NavStar who advised they were “waiting on important documents from the middle east”. When asked if these documents were an inked deal or contract he replied “it’s probably just a letter of intent”. I let Pat know that investor confidence is most likely going down when they tell the market 5-7 days for more details and we are now going on 22 days. Pat
...Breakthrough, ceo, Cfo, FavStocks, Investing Lessons, Major, Middle East, NavStar Technologies Inc., Pat Bannister, Stocks to Watch


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