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Biotech / Medical : Henley Health Care (HENL)

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To: Ira Sacharoff who wrote (12)4/4/1997 10:48:00 PM
From: Alex G   of 89
 
Just some general info here, I know some history of LMDX I thought I might share.

First, I used to owm 5K shares some years back. I bought the stock in a private placement, I think it was about four years ago @ $6 share.
The float is small and the market has shown no interest in this company for many years. I still follow the company once in awhile, I have seen the microlight 830 in use and it does work. If you call the company and ask for a DD package--included will also be the report on the successful tests that GM conducted.

I think once they get the FDA approval (surprised they haven't recieved it yet) their product will sell very well. CTS industry is huge, mutibillion.

Today they anounced year end results for 96, I was impressed with the #'s compared to 95--The picture is getting better. This along with correction going on in the last few days, this may be the final opportunity to buy this stock at these prices. With less than 1 mill shares out, it will not take much to get the price moving.

One other bit of info, I believe if you do some research on the members of the board and their backgrounds you will find some people with very immpressive credentials.

I would buy the stock but all my cash is tied up with FTEL--it also has corrected.

My suggestion to anyone who owns this stock to hold on just a bit longer, the freight trains a comming. Just put your ear to the rails of the information super-highway at your fingertips and listen. I waited for 2 1\2 years and couldn't wait any longer, my guess is that within another quarter we will be able to see if the $$ keeps rolling in at an accelarated rate as last year and then the snail FDA will poke its head out. Then the fireworks should begin.

Keep the faith
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