To: Harold Best who wrote (271 ) 11/13/1997 9:07:00 PM From: bullmarket Read Replies (1) | Respond to of 702
Dear Hal, I think you will be rewarded (hopefully soon!) for having the fortitude to stay with nhmcf and actually add to your portfolio at (in my opinion) a discount!I have been adding more shares as well! The volumes the last 2-3 days were very encouraging. It also appears that there were buyers of relatively big blocks of shares the last couple of days. The stock price seems to have found a bottom as buyers realize they are getting a very productive young company at a true discount. Once the good news are released (revenues/contracts, etc.), we will never see the stock price at this level again. I truly believe there are many potential buyers eyeing this stock right now, who are likely to step up and purchase shares once the company gains more investor confidence with news of contracts/revenues.In fact, what better way to host the upcoming annual shareholder meeting (its first, I believe) than with preceding good news! According to their IR department, their 1Q98 earning report is due to be announced by the end of November, AROUND THE TIME OF THE MEETING !! This is a young company with enough capital to make several acquisitions (which should be accretive to its top-line growth) within a couple of years of its existence.Hence, it is unlikely that they have a problem with working capital!On the contrary, it gives me confidence in their financial strength! Investing in a young company, even one with hot technology which gives it a tremendous competitive edge in a very lucrative field, means going through some roller-coaster rides. However, if you look at it as an unexpected chance to accumulate more shares at a discount, your gains will be that much greater once this company hits its stride! Still long, still bullish and awaiting good news!