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Microcap & Penny Stocks : nhmcf

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To: Laurens who wrote (436)1/27/1998 1:55:00 AM
From: Mike Heimbuch  Read Replies (2) of 702
 
Hello all

I am a new investor but have followed the co. since Future Superstock put them at the top of the pump and dump list. I have a few clients in this stock also - none of us more than 7000 shares at the time. I have spoken at length several times with Alex and Dexter at IR as well as National Securities in Seattle - who is getting ready to update their analysis (Doug Taylor). All seem disappointed at dwindling prices but small caps in general are getting a lot of ignoring at this time. Canada smalls have a double whammy and it is likely going to take black ink and a wide horizon to bring this price around. National thinks the Freedman target price is maybe 40% too rich - but is still quite bullish. The company says they are reading from some official sheets which detailed a short position of 500k shares for each side of the border - and dwindling. They also once told me that they had nothing to do with future super stock hype on the net. I have yet to find them leading with the carrot too close. I will offer one thing of notice re: making good money. It cannot come without substantial risk and probability of recurring setbacks. If it were easy....

Mike
Franan Investments
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