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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX) -- Ignore unavailable to you. Want to Upgrade?


To: Chris Holdsworth who wrote (1012)12/22/1998 9:32:00 AM
From: jjbucci  Respond to of 1286
 
Chris,

I hope this ends soon, I believe that we are seeing the normal end of year tax selling, everyone needing some losses to offset gains.

I am wondering how far the recent shakeup at NBMX will go and if it's an indication that something else is going on ?

I cannot imagine a company with a book value of $1.86-3.00 (depending upon who you talk to) trading at these levels for very long, just makes too attractive a target !!!

jjbucci



To: Chris Holdsworth who wrote (1012)12/22/1998 9:42:00 AM
From: jjbucci  Read Replies (1) | Respond to of 1286
 
Chris,

One other thing, I have heard rumors, and I emphasize rumors, that I have been trying to confirm, to no avail, that some kind of hostile takeover may be going on.

I cannot emphasize strongly enough that these are only rumors and I have had no luck confirming them. If anyone has heard anything similar please let me know !!!

It would though, seem to make sense especially with the stock at these levels. It might also explain the recent action of the company in changing management.

I guess, unless and until we hear more, we will have to wait and see how things develop.
jjbucci



To: Chris Holdsworth who wrote (1012)12/22/1998 11:09:00 AM
From: jjbucci  Read Replies (1) | Respond to of 1286
 
Just spoke with their financial advisors, no knowledge of the rumor !

They are doing an audit and expect that a form10 will be filed at the end of January.

They cannot yet verify the book value, they said hopefully early in january.

One thing that they did say, that orders were up.

I will continue trying to get additional information.

jjbucci