For everyone who is just now looking that this stock, BEWARE. Please, for your own sake, go back on this thread acouple of weeks and read what Martin Linskey has to say about NHMCF. It is possible to download their financials. I did several weeks ago and was shocked. They have the worst balance sheets I have ever read.
HIGHLIGHTS: Net Loss 1996 1995
(3,211,746) (868,794)
They have a working capital deficit. Plus, I read a footnote to one of the figures that says they are indepted to their bank to the tune of 1,123,986. What this means (I read) is that they have written over a million dollars work of checks that they do not have money in the bank to cover the cost of the checks. That is called fraud when normal people do that and is illegal. Sure, the bank has probably ok'ed this, but it speaks to the unsoundness of NHMCF financial footing. Think hard about this company before you invest your money!!!! kathy card |
