I know this POS is a lost cause but interesting to note NHMCF own website release remarks about the stock.
FOR IMMEDIATE RELEASE News Release
FOR RELEASE Oct 20,1999
AT 4:10 PM EDT National Healthcare
Manufacturing Corporation
Investor Relations (800) 883-8841
nationalhealthcare.com
e-mail: ir@nationalhealthcare.com
NATIONAL HEALTHCARE CORPORATE UPDATE
WINNIPEG, MANITOBA (October 20, 1999)……National Healthcare Manufacturing Corporation (NASDAQ: NHMC) announced today that its common shares have commenced trading on the Berlin Stock Exchange effective October 8, 1999. The shares trade in the Euro under the trading symbol "NHM" (ISIN number 903870).
The Company has also been notified by The NASDAQ Stock Market, that its common stock has failed to maintain a minimum bid price greater than or equal to $1.00 over the last thirty consecutive trading days, as required under Marketplace Rule 4310 (c) (4). The Company has been provided ninety (90) calendar days to regain compliance with this rule. If the Company is unable to meet a bid price requirement of $1.00 or more for a minimum of ten consecutive trading days on or before December 23, 1999, its securities will be de-listed at the opening of business on December 27, 1999.
In addition, the Company has re-appointed Mr. Jack Tapper, BA, B.Comm, Director, to Chief Financial Officer effective immediately. Mr. Tapper replaces Mr. Bryan A. Allison who has resigned to pursue other career opportunities. Other management changes include the resignation of Ms. Nancy Clark, former VP Operations. Both Mr. Allison and Ms. Clark have also resigned as company directors.
In a related matter, the Company's accounting firm Grant Thornton is currently in the process of performing a fiscal year end audit for the period ended April 30, 1999. The Company anticipates the release of both the April 30, 1999 year-end financials and the July 31, 1999 first quarter results to be reported on or before November 15, 1999.
National Healthcare also wishes to update its shareholders in the matters relating to the capital lease dispute with Johnson & Johnson Finance Corporation (JJFC) involving its generation one and three robots. Formal proceedings have been placed in abeyance pending an arbitration hearing which is expected to proceed in Washington, DC in the near future. The Company will keep shareholders informed accordingly.
Further to National Healthcare's announcement of May 6, 1999, the Company is still proceeding with its long-term working capital financing and additional bond issue in NY State. As previously announced, the Company plans to establish a new U.S. headquarters and manufacturing facility in Montour Falls, NY, which will involve the relocation some of the Company's existing facilities. Further updates will be announced as they become finalized.
On Behalf of the Board,
Mac J. Shahsavar, P. Eng.
President & CEO
Nasdaq has neither approved or disapproved the information in this news release
N A T I O N A L H E A L T H C A R E M A N U F A C T U R I N G C O R P O R A T I O N
Suite#1455-409 Granville St.,Vancouver, B.C. V6C 1T2
Phone: (604) 689-8581 Fax:(604)689-8337 Toll Free: 1-800-883-8841
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