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Non-Tech : National Health and Safety Corporation (OTC BB:NHLT)
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To: chalu2 who wrote (117)2/20/1999 3:12:00 PM
From: Big Bamboo  Read Replies (1) of 409
 
Chalu2:

Analysts normally don't mention OTC stocks, they don't want to put their name on the line. There is one (well known) Wall Street broker/analyst that has contacted and expressed interest in working with NHLT. NHLT owns a Nasdaq shell and this firm has told NHLT that they will support the shell and also has the MM support. There is also one of the best know and longest running Dow 30 companies that has been meeting with NHLT. They want to market POWERx and also finance the company. They will come on board once NHLT finalizes it's financing. They told National Health that they want them to get their own financing first so they are assured that their customers will be serviced. They made it clear to NHLT that their name could not be mentioned in the interim. The name will come out eventually. NHLT will also be marketing some of this companies products. Their are many other (house hold name) companies that will be getting involved in the marketing of POWERx

Health insurance companies do not want to see NHLT become successful. There have been at least 3 unsuccessful take over attempts in the past 18 months. There are enough majority shareholders that are committed to NHLT and a takeover is out of the question. I know some of these shareholders and was told directly by these shareholders that they wouldn't even consider a takeover for anything under $4.00 / share.
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