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Microcap & Penny Stocks : Holly Products INC. (HOPR/HOPRD)
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To: SurfCa2 who wrote (1799)3/9/1999 4:07:00 PM
From: BobInBush  Read Replies (1) of 2099
 
Surfin Dude;
I just got off the phone with Bill P.
He almost answered all of my questions.
He emphatically stated he does not work for Holly!
(Even though he was the last employee)

1. Holly's last known float ~40 million shares
( I don't know how more shares could be issued on a company
with no one minding the store.)

2. Holly had 150 million shares authorized.

3. Allegedly Holly still is the registered owner of a little over
8 Million of 52 million CWRC shares.

4. He said that all of HOPR issues are now in the hands of their
lawyers, Summer & Schneider in New York. He did not have a
phone number for them, and I couldn't get one off the web.

5. There still is the issue of unresolved debt from HOPR's operations
That may mean that when the CWRC stock is worth something, that
the creditors will step in.

6. Lastly, I asked if CWRC will have to issue more shares to cover
this new round of financing. Bill said that they probably would,
but it is not yet decided how many more are needed.

Last note, on the amusing side, if you buy more than 2 millions shares
of HOPR ( $12k), I think you have to register with the SEC.
(For Buying more than 5% of a company)

To look at the competition for the area BHWK is another operating
Black Hawk casino company. (28 mill market cap) This means a price of
about 45 cents share price for CWRC when completed. (depending on the
size of the float) this translates to around $0.04 for HOPR.
Assuming the creditors don't force a sale of assets when they see
day light. We all know how patient creditors are. :)
(HOPR 40M shares, $2m debt, CWRC 52M shares + 12M?)
This all assumes that they build the casino.

Buyer beware.
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