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Microcap & Penny Stocks : nhmcf

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To: Doo who wrote (181)7/4/1997 9:36:00 PM
From: Bernard Elbaum   of 702
 
Future Superstock is paid to promote companies. It says so clearly at the bottom of its email and its site. To my mind that means it's not a scam as people are warned (though some on another thread say the warning wasn't always so clear). But I wouldn't trust their recommendations.

Brokerage firms, by the way, including the biggies all the way up to the likes of Merrill Lynch, also are compensated by firms to promote their stocks to investors. Conflicts of interest are rife within the financial sector.

NHMCF has sizable long term debt in the form of leases on capital equipment. But it appears to be a promising co. If you want to review some info on it, look for a previous message I posted on this thread a few months ago after a close reading of their balance sheets. Preceding my message, you will also find a long stream of negative comments by others which I was responding to.

I feel positively about the company's prospects. I don't see why it's any more dishonest for a young co to pay Bruss to promote its stock on the internet than for a more established co to pay a big brokerage firm for promotion. NHMCF's market niche has great potential, and if its technology is anywhere near as good as they claim, they should be a high growth co. Are they lying? Well, out and out scams aren't all that common--people do go to jail for commiting them if dishonesty is that obvious. And NHMCF seems to be succeeding in recruiting some senior management figures with long histories in the industry to help run the cos. they're putting together. Still the proof will come in earnings, which should be in the red this year, but in the black the next.
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