Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Silicon Trader who wrote (158)	1/2/1998 6:25:00 PM
From: EZ	Respond to of 7701

George,have a good trip,did you receive my package? THE GEORGE IS ZILBA. THANX EZ

To: Silicon Trader who wrote (158)	1/2/1998 7:45:00 PM
From: george eberting	Read Replies (3) \| Respond to of 7701

To All: Unfortunately, I answered Artie's response to my questions before reading ALL of the posts. So my comments were a bit passe.' I continue to be impressed with the speed and thoroughness of NorAm's responses to requests for information. I have just a couple more thoughts on my original questions and the responses: 1. I agree entirely that a system of law must rely upon contracts and their enforceability in order for companies to do business in an orderly fashion. My question was based upon what I have witnessed at other times and other places. As I look at the arrangement which NorAm and Sharp Image appear to have, it looks to me like NorAm is acting much like a broker. After 20+ years as a commercial real estate broker, I know that principals often try to bypass brokers. I'm talking about large national firms (Safeway, MacDonalds, etc.) Sharp Image is taking the bulk of the risk, and LYCMA would appear to have control of the sites. What NorAm brings to the deal is a contract or contracts. Those contracts are only as good as the other parties are willing to make them. 2. When I e.mailed my questions to NorAm I acknowledged that they had already answered this one so they needn't do it again. I'm still wondering why Sharp Image is willing to go so far out on a limb here, though. As I said before, they will be out millions before the deal is done. And the question of how and when they will be paid still is not clearly answered. 3. Answer here seems to be quite complete. 4. I understand the law on bribes. However, my wife is of a different nationality and I am fully aware that bribes are still paid by U.S. companies in some circumstances. In our case, perhaps LYMCA is taking care of the matter and it's simply business as usual. I really don't care one way or the other. 5. This question does not appear to have been answered. 6. This question does not appear to have been answered. 7. My question was prompted by earlier posts by MBA that the company was not making any efforts to recover the shares given to PR firms. The company's response here is very reassuring. The comments about other companies I may or may not be invested in, and the character of those companies and the problems they have encountered in the past were completely out of line, n my opinion. And, no, I do not personally know any good SEC-type attornies who would in fact take on the recovery problem on a contingency basis. However, the fact that your attornies want to work on an hourly basis rather than on a contingecy basis suggests that they may not believe that NorAm's position is all that strong. JMO. Finally, the testiness and righteous indignation exhibited in the Company's response to my questions suggests that they may not be as confident in their own plan as others seem to be. George

To: Silicon Trader who wrote (158)	1/4/1998 3:24:00 PM
From: Vinnie	Read Replies (2) \| Respond to of 7701

Mr. Zilba, Re: George Ebertings Questions What a breath of fresh air to hear a CEO make such forthright and clear statements regarding the operation of their company! The shareholders should be very happy to have you at the helm. After reviewing all available information from EDGAR, your web site, and posts on this thread, I am now pretty convinced of the bright future for NRAG, and will probably dive in with a small investment (for starts). My only remaining concern is the ratio of total liabilities to total assets, which is quite large. However, this is pretty normal for a start up, and if the current projects bring in even 10% of the estimated revenue, this ratio should pretty much approach zero by middle of FY 1998 (or earlier). Is this an accurate assessment ? Regards, Vinnie