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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (357)2/28/1998 10:37:00 AM
From: Jamessmith  Read Replies (2) | Respond to of 2232
 
TG: you are absolutely right. Finally, MMs have to buy the shares back and to settle all transactions on Monday for Thursday action, on Thuesday for Friday action. This was the reason NETZ was pushed to $1.50, because MMs had to cover their positions. HNLY has refused to loan a share to MMs.

Indeed, there were some very strong competitions among MMs to get some shares on Friday.

The stock is looking great and will have a long to go, just can't wait! Jeff (PR firm) told me that the book value will be $4.00 after the acquisition. $2.50 is a figure for 1997.

Again, just a kind reminder, some people are spending hours a day on bashing stocks. They don't own any stocks, but talk more loudly than everybody else with a very badmouth. They are Internet representatives hired by some market makers.

James



To: TraderGreg who wrote (357)2/28/1998 1:21:00 PM
From: Andrew H  Respond to of 2232
 
>>The float on HNLY is quite small, 2.8Million +/_. Given the volume the past few days, and even dividing by 2 for double counting, wouldn't one think we would have blown through $1 by now.<<

Interesting point, TG. Earlier on the thread there was some talk of intentional shorting by MMs. It is easy enough for them to do this without shares, legal or illegal. This could be a factor.

When and if HNLY makes a public statement confirming their acquisition of Magra or even the fact that they own 16MM shares, I would expect to see a much higher price. NETZ after all confirmed their acquisition and revenues and had the Internet IPO to assist in raising investor consciousness.