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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (254)	7/2/1998 3:06:00 AM
From: Czechsinthemail	Respond to of 371

Aloha, This is one to be careful around. If you read the 6/30 statement there are indications that there are many problems up for the company ranging from not being able to collect receivables to not being able to extend contracts to major underperformance of the IT division, etc. Beyond this, there is the matter of management not breathing a word of this during the recent shareholders meeting. With management's reiterations that everything is wonderful and on target, you have a major lack of credibility in this company. Apparently it was company management's short-selling that tipped off the big institutions that something was amiss, producing the cascading stock price we saw before the announcement. Very simply, they have not been straight shooters. These are the kind of people that give crooks a bad name. There is another concern in the high institutional ownership. I have no idea how much of that remains, but institutions typically spread out their sales when liquidating rather than just immediately dumping them the way individuals shareholders tend to do. That may mean more unloading to come. Baird