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Re: penny_foolish post# 7348

Tuesday, 09/02/2008 5:00:15 PM

Tuesday, September 02, 2008 5:00:15 PM

Post# of 16989
interesting back and forth on this topic. I did see the CEO on tv about a week ago and he indicated that they come in and contract with local folks to get jobs done in affected areas. he did not emphasize their own workforce doing the job anywhere. that told me they are mostly middlemen. i don't see nsmg with a cash or credit worthy position sufficient to bear the costs for a bunch of local contractors waiting for ins payments, which are almost always quite tardy. with Fife it seems they just got into new debt with him to try and make some sort of payment on their old debt to him, which is still actually unpaid. so they just buried themselves in debt and diluted the hell out of their shares in one brilliant stroke of business management acumen. i am just hopin for some news with minimal people damage that moves this to even territory for me, but that seems a major miracle (or two) away. hope springs eternal. its funny cause every investment bone in my body told me "what the hell are u doing buying a penny stock" but I pulled the trigger anyway. go figure. greed got the best of me.