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Non-Tech : HFCI -Heng Fai China Industries Inc - Anyone Know Anything
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To: Bill Fortune III who wrote (17)4/2/1998 8:28:00 AM
From: Warlock  Read Replies (1) of 25
 
We could see nice movement today based on this, issued this morning.

Thursday, April 2
[Meyer Group, Ed Meyer]
Heng Fai China Industries (HFIC) 0.17 bid, 0.19 ask,traded on the NASDAQ
Bulletin Board. HFCI recentlyannounced that it will soon change its name to
"PowersoftTechnologies" to better describe its anticipated entry intothe
computer technology field, the internet, long distancecommunication and
financial software applications for thesecurities business.
Founder and Chairman Fal H Chan, is also the founderand CEO of Hong Kong
Exchange listed Heng Fung HoldingsLtd, with assets in excess of US $800M. It
should bepointed our that Chan purchased more than 2M shares of HFICin the
open
market at $0.50 per share last Dec, down from ahigh of 10.
HFCI is a very interesting speculation with less than16M shares
outstanding. We expect HFCI to be very activeover the next few weeks in
making
acquisitions.
Remember our source for HFCI gave us LongPoint (LGPT) 2 WALL ST
WHISPERS

Thursday, April 2
3/8 bid, 2 1/2 ask, traded on the NASDAQ Bulletin Board, acouple of weeks ago
at 1 and LGPT hit 3 on Wednesday. Weare hearing that HFCI could be trading in
the $0.50 - 0.75area over the next few weeks as news comes out.
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