Integrated Healthcare Systems (IGHS) Message Board

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Microcap & Penny Stocks : Integrated Healthcare Systems (IGHS)

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To: caly who wrote (21)	5/21/1998 3:15:00 PM
From: Harold Finstad	Read Replies (2) of 196

Don't know anything about the hype, but spoke to Chairman Black Yesterday. Just discovered this tread. I started buying the stock two days ago based strictly on chart and volume. I was getting a little concerned about all the selling in the past two days in spite of two of the heaviest volume days ever in this stock so I called and spoke with Michael Black Chairman. He seems like a real straight shooter. I confirmed the 4.8 Million shares outstanding but he felt the float was closer to 1.5 Million. He didn't have a clue over who would be selling here. (Stock has trade in a 1-3.5 dollar trading range over the past year.) I questioned him about any recent financings. He stated that there was No "floating" exercise stock outstanding. The small offering that was mentioned above will not have stock available for sale (144) until next Feb. Prior to that they did a few million dollar 504 in April 96 with a fixed price of $2.00 per share. This was Not done with an underwriter. It was done with friends of management. Though this stock is available for sale, it is unlikely that much of this selling would be coming from this offering since the investors would be definately taking a loss. And also since the stock has traded as high as $3.50 since the stock has been free to trade. He also confirmed that the auditors were current in his shop working on the 10K and this would be a fully reporting Company shortly. If any of you follow the chart you will know that it has an excellent chart and by going through $1.50 it is in a breakout mode. The volume should confirm this. Bottom line he seems to be very proud of the new software that they have spent the last two years developing and certainly feels that his stock is undervalued.

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