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Microcap & Penny Stocks : nhmcf -- Ignore unavailable to you. Want to Upgrade?

To: Wise who wrote (299)	11/19/1997 7:38:00 PM
From: bullmarket	Read Replies (1) \| Respond to of 702

Dear Wise, I am not familiar with the event you described. How do I access information on it?

To: Wise who wrote (299)	11/19/1997 8:47:00 PM
From: Harold Best	Read Replies (1) \| Respond to of 702

I went to Canada Stockwatch and pulled off this report a few minutes ago: (Excuse any spelling errors on my part) FATE OF PRESIDENT' OFFSHORE STOCK BLOCK SETTLED Midland Walwyn Capital faces a $160,000 hit for the wayward transfer of an offshore block of 134,300 shares of NHMC valued at $778,900, involving company head Mahmood Jamshid Shahsavar. In a decision released Wed., the BC supreme Court ordered Midland to pay damages of $778,900, base on a recent share price of $5.80 (can.). In return, Global Securities has been ordered to return the block, now worht $619,000 based on a current share price of $4.60 can., to Midalnd. Midland had mistakenly transferred the block on August 5 to Global Securities client Global Environmental Systems, a Las Vegas holding company unrelated to the small Vancouver brokerage firm. The litigation shed an intriguing light on the dealings of NHMCF president and chief executive Mr Shahsavar and his former partner Gerald Levine, a Las Vegas-based assembler and promoter of Nadaq bulleting board shells. In the midland snafu, the brokerage mistakenly transferred the shares from its offshore client Withypool Ltd to Mr Levines's Global Environmental. The shares were part of a $l million payout Mr. Shahsavar had agreed to make to Mr Levine over a separat 1996 bulletin board deal, Worldwide Golf Resources. Despite its grand name, Worldwide has modest roots. Its main asset is a golf course in the remote Manitoba village of Gimli, the Pelican Beach Golf & Country Club, for which it paid $6.5 million, by issuing 6.16 million shares to a Manitoba numbered company controlled by Mr. Shahsavar. For a while, Mr Shahsavar and Mr Levine were partners in the Gimli golf promotion, but the pair had some sort of clash over management style, according to court documents. Mr. Shahsavar agree to pay Mr levine out with $l millions worth of NMHCF shares. Mr Levine told the court that as Mr Shahsavar did not have enough shares in his own hamen, the share to come from various accounts controlled by his form partner. One of was Withypool, a British Virgin Islands blind trust incorporated in another offshor haven, the Isle of Man. Mr Levine explained that Withypool's "beneficiary" was a Dr S. Chary, but the account "operated for the benefit" of Mr. Shavsavar. This stockwatch bulletin was dated 11-12-97 Hal