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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Daniel Miller who wrote (18859)3/9/1999 9:50:00 PM
From: Clayleas   of 122087
 
Daniel,
Re your stock pick HEAL, did you happen to read the following in the 10-K?

As discussed in Note 2 to the financial statements, the Company's recurring losses, negative working capital and negative cash flow from operations raises substantial doubt about its ability to continue as a going concern.

Does that bother you?

Also, is the company still in default on its debentures? Where do you expect this company to get the cash to survive... a convertible preferred perhaps?

From Note 2 in the 10-K:
Additionally, the Company has commenced efforts to raise, through, the sale of preferred stock, the additional capital required to fund planned 1999 activities.

Looks to me you picked a real good pos here.
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