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Non-Tech : National Health and Safety Corporation (OTC BB:NHLT)
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To: jdcpa who wrote (241)4/24/1999 10:35:00 AM
From: Scottey  Read Replies (1) of 409
 
Thanks jdcpa. This post from Big B is not bad either:

With the pending news on a merger, how do we figure the true value of this company. Money as an asset is not the sole criterion of value. Revenues were virtually non-existent because the health provider network took 9 years to complete and is therefor only now saleable across the U.S. The main reason the stock is at current levels is because of its financials. Is it possible that the merger will provide NHLT with the marketing opportunities and financial support it needs while providing its future partner opportunities for which there is no competition.

What are the assets of NHLT. First, the health provider network, which is the largest network of its kind. Second, The existing POWERx contracts that need financing before they can be activated. Thirdly, the marketing licensing agreement with Longport Inc. The LDS could easily generate revenues in excess of $50M FY. Finally, the tax loss carry forward. These combined assets would be of considerable value to the merging partner.

The ideal merger partner would be one that is cash rich and has a large marketing arm in place. With this type of merger, investors would own a debt free company with the resources and expertise to market the products and services. It appears that such a company exists in HealthLink International. This company was identified as the entity with which NHLT is negotiating a merger, "see nhlt's press release dated 04/07/99". In a PR released earlier today, Longport Inc. (LPTI) annnouced that it has signed an agreement with HealthLink Int for $5 million for purpose of funding its research and development of it's ultrasound diagnostic scanning device. Obviously a company would not provide another company with $5 million for such purpose unless it had significant financial assets. In addition, NHLT has an exclusivity marketing agreement with Longport Inc. for the LDS.

To assume the worst is an exercise in the futility which deprives investors and prospective investors of the financial rewards they presumably are seeking.

I am not recommending that you buy this or any other stock. This is simply my opinion on the company and it's future. Do your own DD and don't take this or any other post for granted. This is offered in the spirit of providing the reader with information that should be considered in context with DD.

If you would like to get the numbers on the company shares, call Interwest Transfer Corp. @ (801) 272-9294.
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