Here is a Newletter release I found today. Sorry for the
disjointed nature of my last couple of posts. It is clearer from
the report and the house position below (different range) what I
was referring to.
The following update is being sponsored by the Investor Relations Group.
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Company: Infowave Software, Inc.
Symbol: IWM
Exchange: VSE
52 Week Low-High: $0.82 - $3.50
Current Price: $1.900
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INSTITUTIONS INITIATE COVERAGE ON INFOWAVE
Golden Capital Securities Ltd., a full-service, independent brokerage firm,
offering a variety of financial products and services to retail,
institutional and corporate clients, issued a BUY recommendation on
Infowave Software (VSE:IWM) in their January Micro-Cap Tech Stock Report.
In the report, Infowave is selected as one of just two new companies that
meets Golden Capital's criteria for inclusion in their report.
In addition to the Golden Capital report, Yorkton Securities and Canaccord
Capital have also issued BUY recommendations. Both firms state that they
believe the company will significantly outperform their fourth quarter
estimates as sales of Apple Computer's iMac(R) continue to break records and
fuel sales of Infowave's imaging products. A recent survey concluded that
the iMac outsold all other brands in US retail and mail-order sales channels
for the month of December. Analysts estimate that Apple will ship as many
as 535,000 iMac's in the quarter, or almost double the number shipped in
the final six weeks of the previous quarter.
In addition to these analyst reports, Kenneth Coleman of the Investment
Tracker newsletter selected Infowave as one of his small cap picks with the
most potential for 1999 with an immediate BUY up to CN$2.50 and a
one-year target of CN$5.00. Mr. Coleman's criteria includes, "seasoned
management, domination in their product or service sector, sufficient
working capital and achieving minimum 40% annual growth."
>From the end of January through to the middle of March, Infowave's senior
management will be travelling across Canada to meet with members of the
financial community. Cities include: Edmonton, Calgary, Winnipeg,
Toronto, Montreal and Ottawa. If your brokerage firm is interested in
meeting with Infowave's management, please contact Grant Prenevost at
1-800-444-9214 ext. 233.
Copies of these reports may be obtained by emailing irg@invrel.com or
calling 1-800-444-9214.
Investor Relations Group
Phone: (800)444-9214
E-mail: mailto:irg@invrel.com
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
This is not an offer to buy or sell securities. Information or opinions in
this report are presented solely for informative purposes, and are not
intended nor should be construed as investment advice. Companies
mentioned herein may carry a high investment risk; readers should
carefully review the company with their investment adviser.
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
*********************************************************
This bulletin is sponsored by the company and/or another party and
has been sent to you for no charge. This is a service provided by
StockHouse to public companies so they can disseminate recent
significant developments, which potentially can affect their share
price. This is not an offer to buy and sell any security which can
only be made through a registered representative. StockHouse makes
no warrantees as to the accuracy or completeness of the above
information.
Visit StockHouse Online Journal at stockhouse.com
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House Positions for IWM from 01/15/99 to 01/28/99
Ex House Bought Av/Sh Sold Av/Sh Net $Net
V 12 Nesbitt 381040 1.87 168800 1.83 212240 -403040
V 9 Green Line 357825 1.87 186400 1.86 171425 -323108
V 31 Global 241380 1.84 120880 1.92 120500 -211656
V 16 Yorkton 238600 1.89 157500 1.84 81100 -159424
V 82 DS 249850 1.87 176300 1.88 73550 -135975
V 48 First Marathon 264300 1.90 219600 1.88 44700 -89418
V 90 Gundy 78120 1.85 50900 1.89 27220 -48748
V 52 McDermid 57700 1.85 38540 1.84 19160 -36004
V 66 Versus 30300 1.77 12800 1.95 17500 -28601
V 10 Dominick 40200 1.84 24700 1.80 15500 -29610
V 1 Bolder 63800 1.90 48800 1.78 15000 -34080
V 43 Merit 15000 1.88 0 0.00 15000 -28205
V 61 Taurus 15000 1.81 0 0.00 15000 -27150
V 21 First Delta 10000 1.85 0 0.00 10000 -18450
V 59 James Capel 13300 1.82 5000 1.95 8300 -14463
V 24 Jones Gable 9000 1.98 5000 1.80 4000 -8800
V 22 Thomson Kernaghan 10400 1.93 7550 2.00 2850 -4950
V 55 Odlum 1500 1.78 0 0.00 1500 -2670
V 41 Latimer 2800 1.87 1500 1.78 1300 -2575
V 25 Midland 42400 1.90 41300 1.86 1100 -3648
V 8 Research Capital 1000 1.79 1000 2.10 0 310
V 87 Wolverton 30000 1.86 30000 1.90 0 1290
V 40 500 1.71 1800 1.85 -1300 2477
V 58 Oliver 3500 1.83 5000 1.80 -1500 2590
V 20 IPO Capital 0 0.00 2000 1.97 -2000 3940
V 62 Peters 16000 1.83 22000 1.85 -6000 11450
V 78 CT Services 0 0.00 10000 1.88 -10000 18768
V 89 CT International 7900 1.85 18200 1.95 -10300 20845
V 77 Union 1000 1.70 12500 1.81 -11500 20945
V 26 Haywood 36500 1.79 51000 1.91 -14500 31996
V 18 Georgia Pacific 189100 1.84 205800 1.84 -16700 29768
V 29 PI 49730 1.90 68325 1.81 -18595 29557
V 38 Golden Capital 83200 2.01 127200 1.88 -44000 71693
V 79 Salman 45500 1.76 93700 1.94 -48200 101193
V 63 Levesque 237100 1.85 296500 1.87 -59400 116091
V 85 ScotiaMcLeod 36500 1.84 114100 1.88 -77600 146879
V 27 Deacon 0 0.00 119000 1.79-119000 213418
V 35 Canaccord 1188700 1.871605050 1.87-416350 787365
Total 4048745 1.874048745 1.87 0 0
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