HEARTLAND WIRELESS COMMUNICATIONS INC (HART) Message Board

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Microcap & Penny Stocks : HEARTLAND WIRELESS COMMUNICATIONS INC (HART)

HART 1.790

+8.5%

Mar 31 5:00 PM EST

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To: David Sirk who wrote (118)	4/3/1999 2:42:00 PM
From: RCJIII	Read Replies (1) of 178

David, In my opinion the company has a responsibility to the investing public to issue a press release defining the specifics of their transition. They also have a responsibility to the investment community to halt the stock if it is trading and the shares have already been cancelled. There are two types of investors here. First you have those that bought before April 1st and were informed by the SEC release that their shares were to become essentially worthless on the first. The second it the group in my predicament. I bought on the 1st because I was told both in the SEC report and by the company that as of the 31st the old shares would cancel and the new would be issued. I have no interest in owning the old common as I believe it is now and will forever be essentially worthless. I believe the new stock will be valuable. Since the company did not issue a release stating the effective date from the SEC report had changed and since the stock doubled at the open on heavy volume, it was reasonable for me to assume we were not trading the old worthless common shares. The company was on notice that the stock was trading. IR told me that several investors called asking why it was trading and asking for a clarification. At that time the company should have halted trading or issued a release stating that what was trading was actually shares that were cancelled or about to be cancelled due to a change in the effective date of the transition. In my opinion the company may have broken the law. I don't intend to stand by and lose my investment without a fight. RCJIII

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