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Microcap & Penny Stocks : NIAR North American Resorts

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To: Doo who wrote (56)11/23/1996 11:12:00 AM
From: Cosmo Daisey   of 179
 
Jeff,
First let me apologize for letting this conversation deteriorate to this level. I read through you previous posts and can see that you do in fact investigate your investments. When I answered your first post with the pass on from stockman, I was refering to the writer of the post, not you. Welcome to the NAIR board and please contribute anything of interest.
The name TRAVELERS carries a lot of weight in the financing business.
They do lots of due dilligence before they get involved with any company and their name alone brings a lot of credibility to NIAR. Travelers is financing the accounts recievable for North American and would be in the uncomfortable position of all their loans defaulting if North American doesn't deliver the promised time share vacations. This is just one more step in the recovery of North American as a viable business.
Coz
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