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Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Craig Richards who wrote (456)	6/1/1999 10:44:00 AM
From: Arthur_Porcari	Read Replies (1) \| Respond to of 1440

Craig, That was how the selling shareholder wanted to do the deal. All we wanted to do was to buy the assets, not the whole company. Had we decided to buy the whole Company, it would have taken many more months just to do the due diligence. Remember this was a foreign company. It made no difference to NCDR how this was accomplished or how the seller wanted to do it for whatever his reasons were. Since we only purchased the assets and not the company, then there is no reason to care about what the prior revenues and earnings were. And certainly no requirement to publish them. Remember Baraka was a development stage Company with minimal revenues. By NCDR acquiring the assets, it opened the door for the Sarnoff licence for the MPEG4 to be aquired. Which makes all the various products, "State of the Art". WebMD was just bought out for over $5 billion with only $100,000 of sales and a couple of million in losses, does that automatically make HLTH a scam company?