HMSC- A simple breast cancer screening device Message Board

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Biotech / Medical : HMSC- A simple breast cancer screening device

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To: joe who wrote (212)	6/2/1998 6:37:00 AM
From: Q.	of 246

re. <<the shorts could get squeezed because if the stock is switched from margin accounts to cash accounts this stock is considered to be no longer loanable to the street and a forced buy in of the short sellers may occur.>> This actually never happens, except for when a major shareholder, like a corporate officer, does it all by himself. I wish I had been more patient with my short -- I covered at 3 1/2, and yesterday it hit $1.75. If you own this stock, I'm sorry that it didn't work out for you. But I think that anybody who read the SEC filings would have run away rather than buying. Why would anybody buy stock in a company that consists of a patent that has expired and a product that is essentially the same thing as thermography, which was discredited by the AMA many years ago? The SEC filings said these things, quite plainly. And they are free to read to anybody with a web browser. A consolation: the co. does have $1 per share of cash, and that should put a floor on the stock price. BTW, the co. seems to be quite slow in announcing an annual meeting. Last year's meeting was June 26. So far there has been no PRE14A proxy filed with the SEC, much less the DEF14A that is mailed out to shareholders. So it's clear they won't have a meeting in June. Generally I would consider this to be a sign of chaos in the front office.

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