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


To: Thomas J. Smith who wrote (1075)1/29/1999 7:57:00 PM
From: jjbucci  Respond to of 1286
 
Thomas, If you review the most recent press release you will see that they are planning to file with the SEC by March first of this year, then we will all know everything.

Here is the quote from the release
"The Company is committed to filing its Form 10 to become a fully reporting company, and has set a target date of March 1, 1999, to file with the SEC. As part of this process, complete audited financial statements through calendar year 1999 will be available."

jjbucci



To: Thomas J. Smith who wrote (1075)1/29/1999 8:02:00 PM
From: jjbucci  Read Replies (1) | Respond to of 1286
 
Thomas, one thing I forgot to mention, they are currently a non-reporting company, as such they are not required to file with the sec. This is important and it's changing. (3/1/99).

There are many non-reporting companies out there trading on the otc-bb market, any company that is not reporting within the next 18 months will be relegated to the electronic pink sheets (probably similar to how this stock now trades).

The sec reporting requirement is being phased in alphabetically beginning, I believe, in August of this year and continuing for a year.

jjbucci