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.

Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Fortune who wrote (811)	11/4/1998 1:16:00 PM
From: Joe Copia	Respond to of 1286

I just got off phone with company and they are calling me back with the agencies names. I told them that the agencies names should have been in PR and it is a concern. They said that it will be clarified. Joe PTG&LI !!! waiting on the return call.

To: Mr. Fortune who wrote (811)	11/4/1998 1:28:00 PM
From: jhild	Respond to of 1286

I am wondering Mr. F if this may not be a new technique to create multiple non-reporting entities. You have a company that wants to go public. Rather than file an IPO that carries that uncomfortable burden of complete reporting, you go and buy a shell company. Well rather than actually buy it, you maybe just rent it so to speak, by then later spinning it back off again as a new entity. Then you are left with two trading entities, where once there was but one. It's just a thought, but I think the reporting requirements for a spin-off may be different than for a new IPO. If so, then this would be a way to clone non-reporting shells and create even more issues. The reason I wonder, is because of this apparent sleight of hand that is going on with the dividend, the preferred and the "possible" conversion anticipated in that announcement. It looks to me like the original preferred owners of FGRX will be left back in control again of the alluded to spin off if it occurs, plus the stock that they get in NBMX (the rent so to speak). Meanwhile National Boston has instant liquidity of it's common shares. (Convenient isn't it that the dividend was to be paid to share holders as of a date weeks before they announced it?)