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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?


To: peter michaelson who wrote (1338)5/23/1998 5:05:00 PM
From: peter michaelson  Read Replies (2) | Respond to of 2911
 
Folks:

I have been in the investment business as principal for fifteen years.

It seems to my ears that there are some strange things going on with this security, for example:

The tone of certain posters has a proselytizing theme with an emotional stream. The phrases "our company" and "our management" are warning signals. The criticism of doubters of the company's future that they are dis-loyal or untrusting or otherwise of poor moral character is a classic sales manipulation found in, among other places, auto dealerships.

There is very little verifiable fact to back up the news that $9 million will be coming. I have been unable to verify this to my satisfaction.

The history of the business, management and stock price is poor.

I recommend to everyone to take extreme care. I do not know what the truth is and I most certainly could be flat out wrong, but it doesn't sound solid to me.

Peter Michaelson

P.S. I invite anyone with verifiable information to respond to my previous post. Message 4572730

P.P.S. Please do not personally attack me or tell me what I should or should not do. I'm a sensitive guy. I express here my sincere and credible concerns, which is the purpose of these discussion threads.



To: peter michaelson who wrote (1338)5/24/1998 9:34:00 AM
From: dealmakr   Respond to of 2911
 
peter,

Some numbers for you. From 10-KSB 03/24/98

Shares authorized 25MM
Outstanding 20,343,787
Security ownership of certain beneficial owners and management as of 04/24/98

Barbara Asbell 1,965,817. Employee Cymedix Lynx
John Yeros 1,889,786
Robert Jagunich 1,069,974
Barry McDonald 450,000
David Kinsella 150,000
Thomas Oberle 313,250
Charles Powell 310,000

Inclusive of shares to be deemed beneficially owned by virtue of the right to excercise outstanding options.

Also in the proxy statement issued a reverse spilit has been proposed to the shareholders by the board of directors to enable the company to continue meet NASDAQ listing requirements. The board of directors is recomending this action. This would be based on the following ratio.

Average Price During Trading Period Ratio

Under .15 1 for 10
.16-.25 1 for 8
.26-.40 1 for 5
.41-.50 1 for 4
.51-.65 1 for 3
.66-2.00 1 for 2

If the average last sale price is over 2.00 during the trading period the reverse split will not occur.

All info was taken from the mailing to shareholders of the proxy statement and Form 10-KSB. Additional info on the company can be obtained by reviewing these forms. IMO it looks like the reverse will occur based on the info contained in the forms. Annual meeting will occur on 05/29/98. A lot of answers to a lot of outstanding issues should happen on that date.

Dave