Sparky --
Actaully I sold off most of my HNLY shares on Friday. Two other stocks simultaneously hit my target for a buy, and I needed a little more cash to buy them -- so I sold off most of my worst dogs, including HNLY.
I still have a little HNLY left. I really want to know what it's worth, and as a shareholder have certain rights under Florida law to force HNLY to let me see financial records. I have to take a trip to Florida in near future anyway, and figure I'll either look at financials then, or file suit against HNLY to force it to show me the financials. Looks like a piece of cake under Florida law, and frankly I am getting more than a bit annoyed with the company's flagrant disregard for informing the shareholders.
As far as shorting, I rarely play the short side of a stock, and when I do I generally prefer options because of higher leverage and limited risk. While I might see HNLY as a short candidate at a higher price, I still don't see a desirable way to play the short side of a penny.
Regarding the date for financial statement release, I would have sworn HNLY said it in a press release, but instead this info came from a number of posts on SI. Jeff Brommer (HNLY PR guy) said on April 1, 1998 that financials would be out in 45 days (Post 1172).
Gator posted that he had talked to Daisy, and she had given him one or more dates for financials to come out. (I just misplaced his posts, but it was either April, May, or June.)
Pratt9999 posted on May 22 that he had spoken to Daisy, and she said audited financials would be out by either May or end of June. (Posts 1424, 1459).
You posted on June 12 that, according to the company, financials would be out in June (Post 1514).
Unless everybody was making this stuff up, or going only on rumor (and several posts said the posters had talked to Daisy), it appears that HNLY has told investors to expect financials by dates that the company has now missed.
About hnlyinfo . . .. no, I can't prove that he's wrong about Callaway golf people "smiling," and I can't say for 100% sure that he doesn't have insider friends. But his posts sound like the same crap that shows up all over cyberspace, as people who really have no info pretend to have inside knowledge. Plus, his posts have very little substance -- they're vague, and frankly have the ring of a novice investor rather than a credible pro with connections based upon his work in the industry. And, seriously, if hnlyinfo knew what was going on inside the company, wouldn't you expect him to post about the timing on the SEC filing? Personally, I suspect he is full of hot air.
Finally, you have every right to make your your own investment calls, but why do you have "trust" in what hnlyinfo says? He hasn't provided much in the way of useful info so far, and you don't know who this guy is. The company's unacceptable silence about its financial condition, about the terms of its deals, about its capital structure (and about the qualifications, if any, of its officers and directors) has left a big information void. Naturally we all look to any source we can find to get more info, but it seems to me you are straining awfully hard to find good news if you listen to some guy on the Internet who pretends to have "inside" info but delivers nothing but vague allusions to upcoming "good news." |
