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Microcap & Penny Stocks : HeartSoft Incorporated (HTSF)
HTSF 0.00010000.0%Jun 27 11:26 AM EST

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To: Bob Walsh who wrote (594)3/27/1998 1:13:00 AM
From: Benjamin Shell  Read Replies (1) of 1781
 
10,000 Club - Obviously, many of our loyal SI investors have been accumulating slowly over the last year - the number I gave of shareholders who own over 10,000 shares was from 6/1/97 - so it looks like that ratio has increased somewhat - but the point of the matter is that the number of LARGE shareholders who own LARGE blocks is still VERY, limited.

From today's response I would estimate that the number of 10,000+ holders has reached 30 tops - However, when I look at the shareholder list, I know the average ownership, so the number of 10,000+ shareholders is very,very limited

And yes, the comment about each of the 2,000 shareholders buying just 500 shares and the affect on the float/price would be "material" as the SEC would call it!

That is part of the our growth plan to stabilize the stock and create a more "orderly" market...

Benjamin
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