nhmcf Message Board - Msg: 5207299

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Microcap & Penny Stocks : nhmcf

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To: Dr. Karim Jessa who wrote (599)	7/15/1998 5:48:00 PM
From: R. Brinks	Read Replies (1) of 702

Lauren, Merril Lynch will only get involved with NHMCF after all the "many questions" are answered. ML is pouring thorough NHMCF's files and doing their DD on NHMCF. NHMCF wants and needs ML's involvement, guidance and $$$. Yes all this good is going to cost NHMCF's shareholders that paid $$$ for their stock in the form of further dilution (I'm not incl. management's shares coz they paid next to nothing for them). ML's involvement is not going to be for FREE. They're going to want a piece of the company at the cheapest possible price. Hence there's no incentive for them to support the market yet. Who suffers? Not ML's clients but existing NHMCF's shareholders. Sad but that's the reality. ML is the best hope of all evils haunting NHMCF. Karim, be cautious with what the IR guys say. They're notorious liars and lack credibility amongst NHMCF shareholders. If ML comes in, watch those clowns get booted from the company. The stock has been sinking because there are more sellers than buyers. Don't blame the last years decline on their VSE listing even though IR would like to make you think so. Most of the trading during the last year has occurred in Nasdaq where Market Makers can have a field day screwing you every which way you please. With regards to the "large IR firm from the US" consider it wasted shareholders $$$. A Director of the company said that the US IR firm would only work on introducing institutions to NHMCF and not to expect immediate results but MAY see some interest hopefully "in a few months" and they were retained on a "long term strategy". So forget about the IR firm bringing some support into the declining share price anytime soon. It's easier for their clients (the institutions & mutual funds) to make money from a lower share price hence let the share price cont to slide because the Company Director said they have "no control over the share price". RE TSE listing: IR clowns are crying "wolf" again. Midland Walwyn was supposed to sponsor them back in the first quarter of 98. What happened? NHMCF didn't want to disclose info to them hence Midland Walwyn walked away and put more selling pressure with the stock they had started to accumulate. Forget about NHMCF listing on the TSE. Management is so scared people will find the truth that until recently, they had a phobia about disclosing info to their sponsoring investment firm. With Merril Lynch, they had no other choice. If you use basic technical analysis, you'll notice that NHMCF has being trading BELOW its 40 & 50 day Simple Moving Average since Aug 97 signalling that it would head lower. NHMCF has continued to trade below these SMA since then and the technical picture is not looking good at ALL. Sorry but NHMCF is headed LOWER. Good Luck.

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