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Technology Stocks : HISC -- Homeland Integrated Security Systems Inc.

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To: Tadsamillionaire who wrote (1611)7/5/2006 4:12:46 PM
From: rrufff  Read Replies (1) of 1970
 
As Creede suggested, they have too much paper out there for reatail shareholders to make the big bucks as we did before. The preferred as converted would almost double the o/s I believe.

The dividend is basically now of a shell.

The only way they can salvage this is for them to actually buy back and retire the preferred to create value. The odds of that is almost nil.

The big run was caused when it looked like they were actually buying up shares, retiring shares and cutting the float.
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