Skane:
Held 10,000 NHMCF at average of over $3. Watched company miss deadlines, got lied to by IR, (they called me at home to lie to me), tried to figure out structure of warrants (price reduced substantially when NHM decided stock was dying, and more issued), watched a few million new shares appear every few months, (they can issue at least 100,000,00 if I remember, or unlimited), saw them intermix American $'s with Canadian $'s, whichever suited them better, (profits in Canadian, Expenditures in U.S.), they screwed up with offshore placements, (cost them a bundle), tried to hide ownership of robots that package goods, (owned by Presidents family who leases them back to NHM), were totally out-of-line with info passed on to PAR and Freedman, (IMO, this stock according to a release over a year ago should be past $10.00 with positive earnings now)), produce an annual report that tells almost nothing of substance, mis-directs investor's on questions asked of IR, and on top of that will probably not show a profit for at least 6 quarters (my estimate) even with the new association. If you want more visit the thread on "Yahoo". I could give you more also, but as you can see, even this fantastic announcement did not move the share price, which was recently (90 days or so) in the high 2's. I know this company probably as well as anyone and we had SI shareholders with close to a 6 figure holding that dumped it also. So. if you want to invest, do some good DD, and best of luck. --GARY-- |
