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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (16299)7/14/1999 7:46:00 PM
From: Ken W  Read Replies (2) | Respond to of 29382
 
RCJ:

I have a couple of questions for you re: NAMC.

With the max. of $275 per case, if settled, how many cases will NAMC have to settle online to make a profit in their business which is losing 66% more money than they did last year? Last year for the 9 month ended Mar. 31 was (.13) same 9 months this year is (.32). They are burning more cash (operating capital is down) and spending more for salaries and General expenses.

Is there a settlement "cap" to the amount that can be settled for thru NAM software. In other words is NAM merely a small claims settlement site like in a brick and morter court room where 10K is the limit and no lawyers are allowed anyway and it costs you $25.00 to file?

Ken




To: RCJIII who wrote (16299)7/14/1999 8:28:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
NAMC

RCJ, NAMC has developed and marketed an excellent idea and the stock is up 600% in about a month.

I am interested in Traveler's activity with this type of case settlement. Insurance Companies, as you know, allot estimated payouts from invested funds. They need the time to reap a return before they're ready to pay out, therefore speedy resolution isn't a consideration for them, unless its at a lower settlement.

Sergio


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