nhmcf has the potential to do very well in the future. It is making inroads with US hospitals, and the Florida announcement is the beginning (the company has publicly stated that it will make its etimated earnings-an impressive growth rate!)
While I am very confident in the company's future and fundamentals, I too am not happy with the current stock price, since I am a long term investor with a very significant position (I am sure the company insiders are not happy with it either-remember, they own a significant number of shares. In addition, the option strike price for employees is around $5, I think). This company is definitely undervalued at this price! For this stock price to increase, nhmcf must make an effort to increase its visibility in a LEGITIMATE way with Wall Street types (a move to the more visible Toronto Stock Exchange from the more obscure Vancouver Stock Exchange would also help). Furthermore, there should be repeated news re. contracts/positive developments. This is the only way the stock price can "gap up". Remember, there is a significant short position and the only way the shorts can be squeezed is a fast upward price movement- best accomplished with news/announcements! |
