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Author: edcpa2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3862  
Subject: Dumbest Investment Date: 4/28/2006 8:53 AM
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My Dumbest Investment was NTOP. I invested two times once in 1999 and again in 2005.

You know what happend in 2000.

In 2005 I bought the stock seeing groth potential in VOIP and their gross margin or contribution from sales was good. All they needed was more sales. A lot more.

In reading and such I noticed that a major telephone carrier owened controlling intrest in the stock. I my normal business dealing I never partner unless I have at least 50% intrest and have been told that is not enough 51+ is better.

A long story short the company with controling intrest reaquired all the stock at the price they named. I didn't want to sell yet as the prospects for the company were changing.

They used me.

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