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Microcap & Penny Stocks : Buying opportunity - Market maker out of business -- Ignore unavailable to you. Want to Upgrade?

To: ilh1 who wrote (300)	2/20/1998 12:14:00 AM
From: Master (Hijacked)	Read Replies (2) \| Respond to of 472

Prosperous- do you mean the Eagles. No, thats the DON Henley Group;-). I just checked HNLY out, but the more one digs the more questions arise. These so called "holding companies" are so hard to pin down! According to their web site they have 2.9 mil in the float, but in a news release they state a 1.9 mil float. According to their website, they're supposed to have a book value of $2.28 and show growing revenues from $2.5 million "estimated" this year to $33 mil in 2000. With these "holding companies", unless they are reporting and audited, one can never pin down the actual "book value" and their share of their "subsidiaries'" revenues. The only 2 things in their "corporate structure" right now are "MC Technologies" and "MAP", 2 companies with vague business descriptions- which their combined stake in both is supposed to be worth $20 million(book value 2.28 X 9 mil shares out). Far more troublesome is they released an announcement that "MAP" had culminated the acquisition of 64% of "Magra", a thinly traded stock on the dubious "Canadian Dealer Network" back in November 1997: biz.yahoo.com And in January HNLY states that the parent company "HNLY" is still trying to acquire "Magra" to add to its "corporate structure", and that the acquisition will happen "shortly": biz.yahoo.com IMO, might be good for a quick pop but don't try to hang around too long!