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Microcap & Penny Stocks : nhmcf
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To: Laurens who wrote (441)1/27/1998 12:46:00 PM
From: Mike Heimbuch  Read Replies (2) of 702
 
Hello

I stand corrected on the short positions for US/Can - they are down to about 60k in Can and 14k in US. There may still be a situation re: naked shorts within the market makers accounting for up to 500k shares as calculated from depository trust sheets - the exact mechanism for which I'm not completely familiar. I can say again - after another conversation - that this company was not involved with any agreement for stock promotion as discussed here - and hopefully the co. will bolster that statement with some sort of release if they feel it is warranted. Being that they consider themselves to be an upstanding company - it may be a bit unseemly for them to be wateriing all the brush fires appearing on bulletin boards. I believe the timeline is still June for this company to break even or go into the black a bit. If this company follows the current world wide trend of making acquisitions to spur growth - it could be an interesting year.

Mike
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