Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO Message Board

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Technology Stocks : Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO

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To: Gazoo who wrote (158)	3/23/1998 6:29:00 PM
From: Mick	Read Replies (2) of 210

Gazoo I bought shares in FNC (Australia) at 30 cents, now trading at 5.9 cents. I've been loyal to this company for some time now but like you my patience has just about run out. I've certainly made some large paper losses here. I spoke to Michael Heffernan on the 20/3/98 about the rapid decline in the share price, particularly over the past week or so, and he indicated that most of the sell off was from Shaw Stockbroking, which was cleaning up its balance sheet prior to March 31st. I hope he knows what he is talking about given that he was an investment advisor with Shaw's. He further suggested that the company could break even for the year should some expected contracts be completed prior to the end of the financial year. (30/6/98). This would be an achievement given the level of losses sustained for the 6 months to 31/12/97. I dont think I've really got an alternative but to hang on to the shares now and trust that management are being up front about their future prospects. (More easily said than done!) I'm certainly not as bullish as Darren but I guess given the current circumstances I'm just going to have to be more patient. Regards Mick

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