| To: Greg Werlinich who wrote (105) | 2/26/1998 11:30:00 PM | | From: Roland Batson | of 207 | | |
Greg,
Very nice hearing from you. Thanks for the reply. You asked what my opinion of the earnings is - this is what I posted over on the Yahoo message board. I do prefer this one BUT the other did at least have a bit of "talk" going on. In any case I wrote this reply to another poster:
Subj: You, Kartet, have to be kidding!
By: rrbatson
Date: Feb 25 1998 5:22 P.M PST
Reply To: Msg. 41 by khartet
Kartet,
You are a very "forgiving" investor. Missing projected earnings by 33% is NOT what I consider "not bad!" I have written a letter to the BOD. Some EXCERPTS follow (I'm refraining at this time from pasting the meat):
BEGINNING OF LETTER
To the Directors of NMTX:
......Please reference the H. von der Luft 7/14/97 Initial Buy, STRONG BUY, ANALysis and recommendation.
WHO gave him these figures? These projections? ..........
Management is not qualified to take our company to the NEXT level. .............Shop the company to one more qualified.
.......... The 3rd Qtr release quotes Lacourciere, "The Company remains very optimistic about our sales opportunities and expects revenues will rebound in the fourth quarter and that the Company can meet its overall objectives for the fiscal year." This objective as published by TA is revenues of $32,000,000 and EPS of $.33. With $22,250,000 and $.18 to date, you are almost TEN MILLION DOLLARS away and $.15 EPS away.
You missed this 3rd quarter by over a million$$. The EPS by 50%!!.......In other words in order to realize $32,000,000 by FYEnd 98, we need to see $9,750,000. The real shocker!!? You gotta do $.15 more per share to go with the $.18 in order to attain $.33. No WAY!!!...........
....on, and on, ...and on........You have many shareholders out there which are sitting with 38% paper losses down from the Luft STRONG BUY up to $9.50.
Lacourciere says, ''NICO (is presently undergoing alpha testing at several clinical sites. We continue to plan the introduction of this product for the fall of 1998 with shipments to customers beginning in the second half of our year ending May 2, 1999.'' As long as he keeps putting the date "OUT further" he is getting closer to the truth. Even this statement gives him breath. Why not state, "starting by November 1998"? There isn't even mention of NDA filings. Afraid someone will notice and try to buy us? Let it happen - give them the hyped up $10 to $12/share.
I am sooooo disgusted with present management that if it weren't product potential and future growth I would have bailed years ago. ........(it was here that I got nasty).................And you call him your leader!
Another question. Who leaked this news to the street? Isn't this illegal? Someone had enough sense to bail before the announcement. OTOH, over 200,000 shares went of "after" the release.
One last question. When can I expect the flurry of monthly, then weekly, news releases to begin. Do you anticipate "new" OEM announcements or simply hyped reiterations?"
END OF THE LETTER
Kartet, be careful. Your opinion is valued here, but please be accurate. I wish nothing for NMTX but a substantial upside movement. They will eventually hype it up again. That is their job. Ours here is to simply discuss our impressions. I hated this earnings news release, those that sold over the previous week must have know and hated it, as well as the 200,000 shares which sold immediately after the release was public.
Yoo say not bad. Whew!!!! You are correct about one thing though, this is the bottom. It will now go up, way up. Wait and see or take advantage of this buying opportunity.
Roland
BACK TO YOU GREG, It does not surprise me that Bill L doesn't return your calls. He does not respond to my numerous mailing during the year. He will only make noise when his job security is threatened.
I am curious if Gene Cilli has an opinion on these earnings. Personally I cant see them making his nor Tucker Anthony's $32,000,000 projection.
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