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Microcap & Penny Stocks : INCE - Intercell info??? -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Hopkins who wrote (2481)	1/1/1998 8:35:00 PM
From: Hugh A. McWhorter	Read Replies (1) \| Respond to of 3358

Bruce, the disturbing part of the October, 1996 event was that what they issued was a forecast (in accounting terms this is the best estimate of future events as opposed to a projection which is a series of what ifs). When Jon faxed this document to me I started buying. We all know how factual this document was and I have always wondered to what extent management has to take responsibility for something which in hindsight was clearly off the wall. Hugh