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: bruceski who wrote (76)	7/14/2000 4:47:41 PM
From: MicroKing	Read Replies (1) of 124

Bruceski, I have more questions. Below is from previous posts by you. From your posted notes regarding meeting with management: Q: What is the deal on the $800K owed by Burmeister? A: The money is due is from incorrect crediting for sales. Will receive it this quarter. Excerpt from RB post: "If you look here, everything is moving in a forward direction with cash up 2300%+, Current assets up 15700%+, and an additional $700,000 due the company which should post on the second quarter listed as goodwill." My questions: Is the $800K owed by Burmeister cash? Is the $700K due the company as goodwill related to ???? I only ask because Goodwill is describe as: "The discounted value of a larger-than-normal return on tangible assets. A business may build goodwill over time as customers become loyal to the firm's products. Goodwill does not appear on a company's financial statements unless another business is purchased at a price greater than book value." Source: Wall Street Words by David L. Scott Thanks, Greg

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