To: Patrick Smith who wrote (3472 ) 6/2/1999 6:24:00 AM From: Pendretti Read Replies (1) | Respond to of 4080
FYI, this is the reply of Niphix on two questions I asked (about charts and number of companies they expect to be listed on Niphix. What I think of it? I think you will have lots of risk trading these companies, the transactions will be matched only. I have my doubts about the succes of this, but who knows. I think lots of people will concentrate to the small caps listed on the official boards. So, here is the reply: Dear Rene, Thank you for your interest in NIPHIX. NIPHIX Investments is a full-service brokerage firm that operates a proprietary trading system for the benefit of small businesses and investors. Opening an account at NIPHIX is free! The minimum deposit in your account needs to amount to $ 1000. Trading fees range from $24 to $44 for securities listed on NIPHIX. Please refer to niphix.com . To open an account go to niphix.com . Once we have received the customer agreement and trading participant agreement we will issue you a user id and password to access the trading system. The trading price of your stock will be determined solely by the matching orders placed by other shareholders. Information on your company's latest stock price, news, financial reports, and stock performance are available once you enter the system. At this time, we do not provide charts however, we do plan to do so as we revise and improve our trading system. We expect many companies to be listed at NIPHIX as we focus on small companies only! We expect many of the companies that will be de-listed from the OTC-BB will choose NIPHIX as their new alternative. We require all companies to furnish quarterly and annual reports, annual reports need to be audited. If you wish to trade securities on other exchanges for example, the NYSE or NASDAQ you may open a brokerage account. For more information and commission fees on the brokerage services we offer please email Kevin Barbier at kevin@niphix.com Please visit our web site at www.niphix.com for more information. If you have further questions please feel free to email me. Once again thank you for your interest. Sincerely, Sherman Fernandes Trading Systems Consultant NIPHIX