MotMotAlthough I agree with you that a 400,000 deal is not much, there are not too many investment banks that will touch a small deal like that. The pattern of succes is what is important. I would rather see NFC doing 10 deals a month like the last one than one a month of $4,000,000.
They are following up with their plan of filling a niche for small companies to get funding. As with anything else, they will develop a reputation for success in funding small cap and IPO's for small amounts of money and perhaps become known in the investment community as the bank to aproach for small fund raising.
My opionion of NFC remains neutral, however pending news on share consilidation, or a decent share buyback plan, and a moratorium on "printing" shares.
Regards;
Grog