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Microcap & Penny Stocks : NICM (National Institute Companies of America)
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To: bruceski who started this subject9/24/2000 7:13:29 PM
From: bruceski  Read Replies (1) of 124
 
For those who doubt where NICM is heading, Here is something to think about. When I get frustrated with delays, I run this through my mind again.

Here is the background (from page 13 of the filing) of just one of the nominated board members:

DENNIS C. RUSHOVICH

Mr. Rushovich is formerly the CFO and COO of Independent Financial Marketing
Group ("IFMG"). IFMG is one of the largest third party marketers ("TPM's") of
annuities and mutual funds through financial institutions, with sales of
proceeds in excess of $2.2 billion in 1997. Prior to Independent Financial Mr.
Rushovich, was CFO of the marketing division of Sage Holding's, a large mutual
fund and insurance group based in South Africa. In 1985 he was sent to the USA
to assist in the development of a financial planning firm (Independent Financial
Services) for Sage. In 1989 Mr. Rushovich and with other senior executives of
Independent Financial formed Independent Financial Marketing Group, a third
party marketing company. In 1990 due to political problems of being a subsidiary
of a South African corporation Mr. Rushovich was instrumental in negotiating the
buy-out of the South African parent. From 1989 to 1996 the company expanded to
be one of the largest marketers of annuities and mutual funds to banks. In 1996
Independent Financial was sold to Liberty Financial Companies.

What is his reputation worth?

Think about this. He has been associated with NICM since early 1999 and to date has not been paid a single penny. If he does not end up on the board, he will have risked his reputation for free!!!!! He will not officially be on the board until WE elect him which most likely will occur in Dec. at the shareholders meeting. AT that point his reputation will have been associated with NICM for almost two years. After elected, he will receive 250K shares in quarterly installments (page 11 filing). So it will take an additional year for him to receive 250K shares. That means he is on board three years at that point. The same page of the filing says the shares are restricted which means at least one more year he is associated with NICM.

So a man who based on his background has to be a multi-millionaire (if you doubt that DD his previous companies and his jobs there) so IMO it would have to be well worth his time to risk his reputation.

If this were you, what would it take to place YOUR reputation on the line for 4 years?

I cannot imagine that anyone with that background would be willing to risk their reputation for 4 years for less than $1 million. That is a share price of $4.

Remember that each nominated board member will have the same risks. Now you read the backgrounds of these people and ask yourself the same thing. If you think that 4 years of risk to their reputation is worth $45,000 (not to mention future damage) then as long as the price holds at current levels they will make out. Fill in your levels to come up with a number. This is just one of the reasons I hold and obviously it is my opinion only. If you do not agree that a reputation has a monetary value, by all means disregard this. If you believe this is hype, by all means disregard this. To make money in the stock market, you have to think. Don't just read the PR's and wait for PR's or you will pay too much.
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