Quote from ginux:
You know. That wouldn't convince us. What would convince us is if you show us the transaction statement that you double up or triple up your stake in MNCS on Monday. Of course if you bet your entire fortune on this stock, hey I'm convinced.
money talks. Words are cheap.
So...let me get this straight.You guys are on the board posting that you think this is smoke and mirrors,pure hype news releases,then you post a link to an April 2000 litigation involving some company that is clearly NOT Nice Cars.
If your honestly looking for current info on Nice Cars,
Mr. Ray Lyle, the principal shareholder of Nice Cars prior to the acquisition, is well known in the industry and has won several awards. He was elected National Quality Dealer of the Year in 2005 by the 22,000 member National Independent Auto Dealers Association. Most recently, the Chattanooga Free Press named Nice Cars the 'Best Used Car Dealer' in their market area survey of all new and pre-owned dealers. He is a featured speaker at the National Buy Here Pay Here and Special Finance conference in Las Vegas this weekend ( Oct 2006) that is to be attended by over 2,000 dealers".
I offered that I'll phone Nice Cars on Monday to confirm that the transaction has closed and you, for some reason say that would not be sufficiant to convince you.
If Nice Cars confirms the transaction,then it proves that MNCS is indeed Nice Cars and Nice Cars Acceptance corp. and has;
a) $300,000,000 line of credit ($275,000,000 left)
b) a chain of six car dealerships with sales of $76,000,000 last year, and on track for $112,000,000 this year
c) $100,000,000 in receivables
d) a shareprice that is ridicously oversold
e) a business plan in place to put multiples of the above numbers onto the bottom line as more buy here/pay here
businesses are acquired (assuming they can close more)
Then again you could save me the dime and confirm that you guys have already made the call and confirmed that MNCS is the owner of Nice Cars and Nice Cars Acceptance.
Why are you going so far out of your way to obscure the truth?
I wonder what you motivation might be...lol, only kidding, I think everyone is starting to understand what your motivation is.
I believe the company is legitimate and will move much higher.
Do your own DD
GLTA