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Microcap & Penny Stocks : NICM (National Institute Companies of America) -- Ignore unavailable to you. Want to Upgrade?

To: bruceski who wrote (82)	8/30/2000 7:21:18 PM
From: MicroKing	Respond to of 124

Good post on RB. I thought you would enjoy some old DD. Oxford, MBHC, NICM, and IMTL have been shaking hands for several years..:-) By: bruceski Tuesday, 29 Aug 2000 at 11:08 PM EDT Post # of 16714 on RB. "Here is something I stumbled across this evening. Someone else tried to buyout Oxford last year for $29 million and it was cancelled and they went with NICM shortly after. Why would they turn down $29 million for $3 million in cash (1/2 earnings) and 5,000,000 NICM shares? Do they think the 5 million shares are worth more than $5 each? Just found it interesting. OLNEY, Md.--(BUSINESS WIRE)--Aug. 11, 1999-- International Mercantile Corporation (OTCBB: IMTL) announced today that the company has terminated its Stock Purchase Agreement with Oxford International, Inc. dated March 30, 1999. The Stock Purchase Agreement provided for IMTL to purchase Oxford for $29,481,000 payable in IMTL Class A common stock. The Stock Purchase Agreement provided for the cancellation of the $3.0 million Promissory Note dated December 2, 1998, between the parties. This Promissory Note arose out of Oxford's September 1998 agreement to invest $5 million of public securities into IMTL for preferred stock. The $5 million investment was later reduced to $3.0 million, and these securities were lent back to Oxford evidenced by the Promissory Note, which was due and payable by Oxford on or before December 15, 1999. The promissory note was secured by three million restricted common voting shares of assets listed on Oxford's audited financial statements, and was guaranteed by Oxford International, Inc."

To: bruceski who wrote (82)	8/30/2000 7:36:29 PM
From: MicroKing	Read Replies (1) \| Respond to of 124

"This announcement appears as a matter of record only Oxford International, Inc., with the assistance of International Mercantile Corporation (OTC-BB-IMTL) has assisted in the completion of $18,000,000. In an Asset Acquisition with Growth Fund Partners, Inc. Mortgage Bankers Holding Corp (MBHC) Financing Structured and Placed by The Oxford Group, Inc." Source - oxfordint.com ------------------------------------------------------------ Source - 1997-1998 financials for IMTL "As part of the assets acquired in this series of transactions, the company acquired 200,000 shares of preferred stock, par value $100.00, of Mortgage Bankers Holding Corp. for 500,000 shares of the company's common stock, with rights to 2,000,000 additional shares subject to terms and conditions of the agreement. Pursuant to the agreement, the transaction was subject to confirmation of value as part of the Company's due diligence process on the assets. The Company concluded its due diligence process and concluded that the value of the assets could not be confirmed. As of December 31, 1997, this aspect of the transaction was rescinded." ------------------------------------------------------------ The statement above on Oxford website is for this year? The plot thickens. Anyone who has done their DD will see that it takes time to make deals. Any comments or should I continue posting to myself...LOL...:-) I strongly dislike posting on RB.