HDST Headstrong Group Inc Message Board

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Microcap & Penny Stocks : HDST Headstrong Group Inc

HDST 0.00

Dec 20 4:00 PM EST

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To: TraderGreg who wrote (293)	6/17/1998 9:39:00 PM
From: FARRIS	Read Replies (1) of 389

First off -- if I gave anyone the impression that a reverse is a good thing -- I somehow screwed up. Reverses suck 999/1000 times. Especially if they are more than say 3:1. We do get a double whammy... they cannot issue any more shares because 37 out of 40 million authorized have been issued. SO there are only 3 million shares in the treasury -- ot much for the new guys... They HAVE to reverse to get control of the company -- 20 to 1 seems very likely to me -- I do not think they will go larger than that -- the stock needs some liquidity. We are not talking about meeting listing requirements here -- we are talking about the new management getting control of the company. They do a 20 to 1 reverse -- that leaves less than 2 million in the float. They can then issue themselves the other 38 million authorized by charter or sell them in a private placement to bring in money. The 100:1 I cited -- we made money on the original shares -- I did not average down post-split. Let em explain why this happened because it is abnormal. The company issued a ton of stock to themselves and suppliers and the operation they took over in China. THe nice thing is -- NONE of those new shares made it into the float -- EVERYBODY who got those shares is holding on tight. I doubt that will be the case here -- but we can hope. Hope this helps. I would love to get out of HDST right now, but I am unwilling to take the loss at this time. I think over time HDST will make people money -- the question is how many months or years will it take. I think that if there is a run, most will bail out of this -- I would be happy to just break even myself when all is said and done.

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