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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (1059)	4/19/1999 9:14:00 AM
From: burner	Respond to of 3896

Robert, The text: Microforum second most active conference Microforum Inc MCF Shares issued 18,133,966 Apr 16 close $2.42 Mon 19 Apr 99 Week ended April 16th by Stockwatch business reporter Microforum was last reviewed in Forum Watch for the week ended March 26. On April 1, Microforum received the final receipt for a $2-million special warrant financing completed Dec. 2, 1998. The financing consisted of four million special warrants at a price of 50 cents. A Canada Stockwatch article of April 7 examined an Internet controversy involving the company's president Howard Pearl. A Stockwatch reporter has since been advised that information in the article has led to the identification of a former business associate of Mr. Pearl as the perpetrator of a long-running smear campaign against the Microforum president. On April 9, the company announced it had begun the process of filing a Form 20-F which will qualify Microforum shares to be solicited and traded by United States brokers. A Stockwatch article of the same date examined the widely held expectation that the Form 20-F filing is a prelude to the company seeking a Nasdaq listing. Microforum announced on April 12 that it had been selected to participate as a member of the Microsoft commerce partner advisory council. On April 13 the appointment of Jeff Coleman as director of new media was announced as well as a contract to develop an interactive sales CD-ROM for Sharp Electronics' LCD projector product line. The company rounded out its string of news releases on April 14 with the announcement that National Bank had chosen Software Guaranty's CALMS, a Web-enabled credit application processing system. Software Guaranty was recently acquired by Microforum and is now a division of its subsidiary, Internet Frontier. The recent flurry of news releases animated the lagging Microforum conference, drawing it back into second place in the five most active list. Increased trading volume and price triggered by recent developments were met favourably by Bhunga, who added: "...although I am pleased that MCF is taking steps to further increase U.S. exposure and is facilitating same by the recent registration ...etc...I am not looking forward to having to read the relentless postings over at Stockhouse re...NASDAQ LISTING...COMING..." He cautioned that a Nasdaq listing might take some time, and went on: "If MCF can string together a couple or three profitable quarters, finally tell us what their plan is regarding SGI and shake this 'vendetta thing' I'd say we'll be looking pretty good." Early in the week, discussion turned to speculation of a target price for the week, with Enzy suggesting it might hit $3. Microforum had traded to a high of $2.84 before Enzy offered his guess but was unable to hold or improve on that level for the remainder of the week. Bid.com.Bullish, the premier Internet tout of the stock, had his sights set higher for a longer term price: "...something HUGE is in the works between MCF and _____. We will see the fruitation of this in about four to six months...MCF will be a MAJOR force in the c-commerce market, take that to the bank!...See you at $15 Enzy!" An interesting exchange developed when Enzy, apparently caught up in the enthusiasm over recent developments and increased interest in Microforum, posted: "RC and GS and all you other shorters, MICROFORUM is a credible company." RealityCheck took exception to the post, claiming he had never shorted the stock. "I have never said that Microforum is not a credible company...Perhaps it is too difficult for people like you to understand that these forums are here for the purposes of discussion. To the extent that Microforum is a credible company, there is nothing to fear from an open, reasoned discussion supported with arguments and facts." He invited Enzy to reconsider his allegation but, before the poster could respond, the ever vigilant Bid.com.Bullish intervened: "Sorry RC we don't play by your rules...truth be told I don't like you very much..." RealityCheck countered that it was obvious that Bid.com.Bullish did not share his rules: "My rules entail backing up a claim with argument and evidence...a willingness to have comments challenged...inviting critical debate...I sincerely hope that you don't speak for the 'we' that make up this forum." As it turned out, Bid.com.Bullish did not receive any support and Enzy did withdraw his comments regarding RealityCheck. Toward the end of the week, Bam's put forward a suggestion: "MCF has been compared to companies like Cyberplex. I was wondering if anyone has done any research regarding MCF vs. a competitor that they would like to share." Unfortunately, the post seemed to get lost in a change of threads and what might well be a useful discussion has not yet been picked up. In another invitation to discussion, Oops wondered if Microforum's gains might be related to speculation over the fourth quarter results and if those gains would hold up. Reliable pointed out that Microforum had previously had some trouble maintaining gains, adding: "I am long the stock. I just don't think that 'irrational exuberance' is in order here. When dealing with the markets, caution and the exercise of critical thinking and logic should prevail over emotions." Microforum finished the week at $2.42.