EFTA00669575.pdf
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From: Richard Kahn
To: "Jeffrey E." <jeevacation@grnail.com>
Subject: Fwd: Southern Financial
Date: Wed, 01 Oct 2014 13:59:00 +0000
when i told bruce to liquidate account over next 30 days via phone last week he replied with 4 emails
next 3 to follow...
not sure if you want to give him another chance however if you did maybe you should require him to put money
in account or be responsible for losses
account closed yesterday at 3,574,144 with 631,076 in cash
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York NY 10022
tel
fax
cell
Begin forwarded message:
From: Bruce Galloway
Subject: FW: Southern Financial
Date: October 1, 2014 at 9:50:33 AM EDT
To:
Dear Jeffery, Richard tells me that you want to terminate the account. I'm very upset by that news as you
saw in August the account hit 4.4 million up from 3.8 million the month before.As you know the month of
September was a horrendous month for small and micro cap stocks, with the Russell being down over 8%.
Most micro cap turn around stocks were down over 20% as the shorts got an upper hand. As we go into
earnings season my stocks should show increased momentum into their turnarounds. I am very confident
that in the next couple of months with earnings, we will reach new highs in the account.To give a couple of
examples RIBT will show the third quarter of 30 to 40% sequential growth and will be solidly profitable for
the first time ever.This company has technology to stabilize rice bran which is the healthiest food on the
planet. I expect that this company can grow to multi billions over the next few years. That implies a 20 X
return on this stock alone. It is my # 1 pick. ETAK will also show sequential growth. I expect that will start
also performing very very positively. RWC will also show the third increase in profits sequentially and
that's stock should also take off. UEPS should also report very strong earnings well exceeding the Street
estimates and with that stock selling at 6X earnings and growing at 50%, should also take off.l expect
JetBlue to continuing to perform well as it catches up with the other airlines that have all tripled and
quadrupled. RadNet is a close to 1 billion dollar healthcare service company that has turned the corner
very nicely and should report 33 million dollars in earnings this quarter versus 25 million last years
EFTA00669575
third quarter. This is the third sequential growth quarter which is the bona fide turnaround of stocks. This
stock should also perform extremely strong after earnings. My other favorite is TBIO, which is a genomics
company that is starting to also grow nicely.l expect a big announcement with a major health co. regarding
their blood biopsy which will save the industry billions of dollars over solid biopsies. Unfortunately I have
no excuse for the underperformance in September but when there is a lack of news and catalysts in
turnaround companies, they tend to drift lower. But as we approach earning seasons these stocks will
have the catalyst to drive them much higher, thus the portfolio. I ask you to give this portfolio till the end
of earnings season. The June Q earnings were reflected in the August ifs which were + 15% from the prior
month . Have a heart, give it 2 more mos. Bruce
Sent from my HTC on T-Mobile 4G LTE
EFTA00669576
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| Filename | EFTA00669575.pdf |
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| Text Length | 3,363 characters |
| Indexed | 2026-02-11T23:25:43.360937 |