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

To: R. Brinks who wrote (607)	7/21/1998 9:31:00 AM
From: Maverick	Respond to of 702

Have owned National Healthcare and been a 'lurker' on this forum for several months. Finally bailed last week. Got tired of the long slow suck and the inconsistencies between the happy-happy picture being painted and the performance of the company. I'll keep an eye on NHMCF though, in the unlikely event it starts to rise maybe I can catch it on the way up and make some (or all) of my money back. Luck to all!

To: R. Brinks who wrote (607)	7/21/1998 12:20:00 PM
From: Bernard Elbaum	Read Replies (1) \| Respond to of 702

I spoke to Dexter at IR who says the company has $6 million in cash and has no cash shortfall. He also indicated that one set of convertible debentures had been converted at a rate of 20% per month starting 7 months ago--which implies the conversion was complete some 2 months ago--and that the other cannot be converted below 2 1/2. He said he has heard no negative rumors about the letter of intent. The explanation he offered for the recent fall in stock price was that the delisting from the Vancouver exchange means that the stock is no longer marginable, so that those who owned the stock on margin (chiefly brokers?) had to sell out. NOthing to do with fundamentals was his position.