The value of *NONE* means the user does not have the physical structure in its security file record to even hold a password value. Back in 1994 it may have been possible to add a user without a password, but that rule was changed and you cannot create a new user without assigning either a password or passphrase. If the structure was there and was assigned the NOPW value then the list would have displayed *NOPW*. The user needs to be defined a password value.