NICM (National Institute Companies of America) Message Board

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Microcap & Penny Stocks : NICM (National Institute Companies of America)

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To: sheetmillgalvanize who wrote (26)	4/26/2000 10:18:00 PM
From: bruceski	Read Replies (1) of 124

Joe. My guess would be shortly after the filing there will be a shareholders meeting. It is my understanding that only after financials are released can a board be nominated and voted on. This will accompany the filing. I posted many times on RB about the financials being delayed because of past management. Auditors will not sign off on anything until they are sure it is true. So it was my belief that Maloney and crew were going to be forced to come up with answers. As far as the "E" goes, I think it will have no real effect other than on penny players. The majority of investors won't have a clue what the "E" is and it will be gone before they come on board. I talked with several brokers who had no idea what an "E" meant. It is not only for OTCBB but rarely happens elsewhere. LGTO got an E recently on NASDAQ. Once financials are out, I believe there will be an influx from brokerages as well.

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