. . . . . .The skinny on NATS. . . . . .NEWEST ONLINE BROKER!
This IS the brand new website for online trading: nscdirect.com
I don't believe they wanted anyone to see it quite yet, since they have not announced its existence. But it has been posted around the net for several days.
HISTORY
NATS stands for National Securities, Inc. 1001 Fourth Avenue, Suite 2200, Seattle, WA.
In November of 1996, National Securities shareholders exchanged shares 1-for-1 for shares of Olympic Cascade. The restructure was completed February of 1997, and considered a "pooling of interests." This explains why Olympic Cascade from Chicago, trades under the symbol of its wholly owned subsidiary, National Securities of Seattle, WA. Olympic Cascade [NATS] also owns the West America Investment Group.
Taken from NATS Annual Report for Fiscal 1996:
The Company's [National Securities, Inc.] initial public offering
of its common stock was completed September 1986. From the initial
offering to June 22, 1987, the Company's common stock was traded
over-the-counter and was not quoted in the National Association of
Securities Dealers Automated Quotation System ("NASDAQ"). Effective
June 23, 1987, the Company's common stock became eligible to list on
NASDAQ. The Company's common stock trades on the NASDAQ Small-Cap
Market using the symbol NATS.
On September 26, 1996 the Company's Board approved a restructuring
plan whereby, subject to stockholder approval, the Company would
become the wholly-owned subsidiary of a holding company to be named
Olympic Cascade Financial Corporation ("Olympic"), a corporation to be
formed.
sec.gov
sec.gov
ISSUE OF FLOAT. . . said to be just 600 thousand shares out of the 1,687,894 outstanding
Financial Services, such as Yahoo, Market Guide, etc. showing 1,687,894 outstanding shares and approximately 600,000 shares in the public float. . . the CFO thinks that number is higher, but he is taking the total outstanding and subtracting the 500k shares owned by top executives of the firm and their families [making it about 1.1 mil]. However, there are plenty more insiders and institutions that hold large enough positions that require SEC filings for buys and sells. . . Shouldn't these also be excluded from that public float figure, since they are unavailable to the public?
And as I understand the definition of the "public float", insider held shares are not included in this number. . . so look at the SEC filings and insider trading logs and do your own math. . . I am inclined to believe the 600k number is closer.
Either way, it hardly matter. . . the outstanding shares are tiny enough to make this thing a rocket. . . and the stock moves like crazy when the least buying hits it. That much we have seen.
Now they have made a terrific website. . . I would think the press release to announce National Securities entrance into the online brokerage biz should be forthcoming.
Rande Is
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Voluntary Disclosure. . .Long NATS. . .this is not a recommendation to buy or sell any security. |
