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Microcap & Penny Stocks : HDST Headstrong Group Inc
HDST 0.00Dec 20 4:00 PM EST

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To: rharris who wrote (138)4/10/1998 10:27:00 PM
From: JohnO   of 389
 
I would like to see them succeed. With 28 1/2 million shares outstanding with an unknown float. I would think the float is considerable. Currently management owns 0% they all sold theirs in the $4-$5 range several years ago. It would take a strong turn around to instill confidence in HDST. A lot of day trading will take place before serious stock holders would come aboard. Any new ownership of HDST would want a substantial block of their own stock. So they would have to go an purchase some on the open market or issue themselves restricted stocks with warrants which would be available as free trading shares in one years time. Now if they go the restricted way a dilution will occur in 1 years time from issuing date. On the other hand with purchasing on the open market they could lower the float considerable and increase share value. Reverse stock split would also help to raise share value. Who knows which way they will go? That is if anybody does in fact take over HDST in the future.
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