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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company
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To: Smart_Trader98 who wrote (1049)3/24/1998 1:59:00 AM
From: Psycho Killer  Read Replies (2) of 2232
 
Well, every investor has to make his or her own decisions, but I personally have real problems with HNLY's story that it will disclose the terms of all its deals in its SEC filing in mid-May.

HNLY announced the MC Technologies deal on November 25, 1997. For the MGRA deal, HNLY announced on May 8, 1997 the signing of a letter of intent, and on November 3, 1997 announced the acquisition of 64% of MGRA.

HNLY has been around under the name Henley Group (as opposed to NewReach Communications (NRCI) or Advent (AVTI)) since about April 1, 1997. Basically, then, HNLY has yet to make public disclosure of ANY details of ANY deal it has made.

So what kind of shares, debentures, warrants, etc. are out there; what terms go with them; and who owns them? I sure as heck don't know. I also don't seewhy the company has to wait until mid-May to disclose even the barest outlines of its acquisitions and its deal with the investment banking firm.

When assessing a company, I usually don't pay much attention to what the company has to say in private communications until the company already has shown credibility in other ways. In some instances direct communications with a company can help to fill in informational gaps -- but not gaps as gaping as the terms of a company's acquisitions.

Just to be clear -- did Jeff Brommer tell you himself that HNLY would be trading at $1.50 to $1.75/share if not for a previous PR firm that shorted the stock?

-- Jim
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