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Microcap & Penny Stocks : NICM (National Institute Companies of America)
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To: bruceski who wrote (68)7/12/2000 7:57:37 PM
From: MicroKing   of 124
 
As of 7/12/00 Wallstreet has seen over $600 billion dollars in TransAtlantic transactions. Swiss Bank UBS Warburg buys PaineWebber. AIG buys TranAmerica (NICM underwriter) Aetna is working on a deal to sell their financial services to European company ING. When the Glass/Steagal Act of 1933 was repealed there was speculation on Wallstreet that European companies (Banks, Brokerages, and Insurance) would be aggressive and buyout/merge with American companies.

Are we starting to see a trend start? Is current activity a direct result of the repeal of Glass/Steagal Act of 1933?

I say Yes and I think NICM is working quietly behind the scenes. Why else would Oxford sellout to NICM for less than their revenues for one year AND a company on the pinks with a pending SEC lawsuit against previous (MBHC) management. Something good has to be going on?

Why would they sell when projected revenues is $12 mil+ "but" sell for $4.75 mil dollars and 5 million shares + 1/2 first year revenues (approx. $6 mil dollars). According to my math there is no premium if my math is correct. They will get $10.75 mil dollars and 5 mil shares. NICM will earn approx. $6 million dollars in one year from Oxford alone.

Sorry for the long post. Just thinking out-loud. With pillars of gold upon us I'm surprised by the lack of interest and intelligent post.

Enough brain-storming...back to lurking...again..:-)
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