UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
1. (a) NAME OF ISSUER: Note Bankers of America, Inc.
(b) IRS INDENT. NO.: 84-0882076
(c) SEC FILE NO.: 0-12240
(d) ADDRESS OF ISSUER:
STREET: 770 S. Post Oak Lane, Suite 690
CITY: Houston
STATE: Texas
ZIP CODE: 77056
2. (a) NAME OF PERSON FOR
WHOSE ACCOUNT THE
SECURITIES ARE TO BE SOLD: Allen E. Myers
(b) SOCIAL SECURITY NO. OR
IRS IDENT. NO.: ###-##-####
(c) RELATIONSHIP TO ISSUER: Officer, director and
10% stockholder
(d) ADDRESS:
STREET: 4003 Cypressdale Dr.
CITY: Spring
STATE: Texas
ZIP CODE: 77388
3. (a) TITLE OF THE CLASS OF
SECURITIES TO BE SOLD: Common
(b) NAME AND ADDRESS OF
EACH BROKER THROUGH
WHOM THE SECURITIES
ARE TO BE OFFERED OR
EACH MARKET MAKER
WHO IS ACQUIRING
THE SECURITIES: Fidelity Brokerage Services, Inc.
C/O National Financial Services Corp.
P.O. Box 3750
New York, NY 10008-3750
(c) NUMBER OF SHARES OR
OTHER UNITS TO BE SOLD: 98,000
(d) AGGREGATE MARKET VALUE: $257,250
(e) NUMBER OF SHARES OR
OTHER UNITS
OUTSTANDING: 22,430,000
(f) APPROXIMATE DATE OF
SALE: Periodically after filing Form 144
(g) NAME OF EACH SECURITIES
EXCHANGE:None; NASD OTC electronic bulletin board
<PAGE>
<TABLE>
<CAPTION>
TABLE I - SECURITIES TO BE SOLD
Nature of Name of Person Amount of Nature
Title of Date Acquisition from Whom Securities Date of of
the Class Acquired Transaction Acquired Acquired Payment Payment
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Common 1/23/90 Share Exchange Note Bankers of 9,392,000(1) 1/23/90 Cash
from General America, Inc.
Genetics
Corporation (1)
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</TABLE>
NOTES:
(1) Originally acquired Private Mortgage Bankers, Inc. ("PMB") common
stock 1/23/90 for cash. On September 15, 1996, received 9,392,000 shares of
General Genetics Corporation ("GGC") common in share exchange for PMB common.
On September 24, 1996, pursuant to reorganization of GGC including change of
name to Note Bankers of America, Inc., received 9,392,000 shares of NBA in
exchange for GGC common. See Form 8-K/A dated November 4, 1996 filed on behalf
of General Genetics Corporation.
<TABLE>
<CAPTION>
TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Title of
Securities Date of Amount of Gross
Name and Address of Seller Sold Sale Securities Sold Proceeds
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------
None
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</TABLE>
REMARKS:
ATTENTION:
The Person for whose account the securities to which this
notice relates are to be sold hereby represents by signing this notice that he
does not know any material adverse information in regard to the current and
prospective operations of the Issuer of the securities to be sold which has
not been publicly disclosed.
5/6/97 /S/ Allen E. Myers
_________________________________________________________________________
DATE OF NOTICE SIGNATURE
ATTENTION: Intentional misstatements or omission of facts constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
