nhmcf Message Board - Msg: 5271495

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : nhmcf

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: R. Brinks who wrote (610)	7/21/1998 11:12:00 PM
From: Bernard Elbaum	Read Replies (1) of 702

The wording of that press release certainly suggests that you are right in saying the second group may well be converting now at low prices. But since NHMCF has left the VSE to become a non-marginable security on NASDAQ, it can no longer be shorted; it is not possible to short a stock that no one can buy on margin. It's hard for me to assess your statement that the $6 million NHMCF has in cash is inadequate to meet the needs of production for the contracts they are landing. You may be right, but what makes you think your assessment of financial requirements is better than the company's? Do you have relevant business or financial experience? Also you seem to be offering two very different explanations of the recent stock price slide yourself: 1. cash flow pressures 2. pressure from shorts on the stock price. The second does not seem at all plausible since the stock cannot now be shorted. The first is possible, but would be more plausible if the company were now or will be imminently in a cash crunch, neither of which is apparent since it does have $6 million on hand. So the slide in stock price still puzzles me; perhaps it is being driven by technicals rather than fundamentals.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next