NBMX - National Boston Medical (was FGRX) Message Board

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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)

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To: Pete NY who wrote (1232)	8/20/1999 12:31:00 PM
From: Obie	Read Replies (2) of 1286

Looks like the dog just coughed up the Form 10: August20, 1999 Dear Shareholders, The wait is finally over for the Form 10. Last evening, the officers of National Boston Medical, Inc signed off on the final submission page and Attorney Mintmire?s office received the completed financials. The wait has led to some speculation about the Company?s future. The future is bright, the records will show explosive growth in the past six months, a debt to asset ratio of approximately 20% (decreasing each month) and a company poised for record revenue and profits beginning this quarter. The Income Statements contained in the Form 10 will show an operating loss for the past two years. This was expected. However, how many companies are able to begin posting profits going into only the start of their third year and be able to forecast the high revenue and profits of National Boston Medical, Inc? Startup losses are an investment in any company?s future. The good news is that the majority of the losses are non-monetary and not cash losses from operations. These paper losses take the form of debt equity or stock issues to business associates for services rendered. Under SEC guidelines, most of this stock was valued at a cost per share similar to our private placements of $1.25 to $2 50 per share. Over 25% of the outstanding shares are at these higher levels, meaning these investors see the potential of our stock as significant The Form 10 should be available on the SEC?s Edgar system by Monday. Requests to receive the Form 10 via e-mail should be sent to our web site and we will e-mail the documents to individuals requesting them. E-mail your request Sincerely, Daniel Hoyng, CEO and Chairman nbmedical.com

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