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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (2671)	5/14/1998 6:24:00 PM
From: JohnO	Respond to of 25711

Joe I know you were in HDST awhile ago. I want to pass this by you for your input. They have 28 1/2 million shares outstanding with a float of about 22 million. Management owns 0%. Tom Malik is now running the show wearing all the hats. Everyone else bailed out or was let go except office staff and production crew. A group of investors from the past years forced them into Chapter 11. The amount is Approximently $1 1/2 million owed them. They don't have assets to cover so at this point the suit is just out there. Since Feb 98 a number of potential investors, mostly bottom feeders, have approached Tom Malik. Very few amounted to anything at all. One group in Chicago appears to be very interested. This group represents two private companies wanting to go public and would like to pick-up HDST and use it as their avenue to becoming a public company. From my calls to HDST this appears to be more than a flash in the pan. Tom Malik said HDST could be incorporated into the mix of these two companies. They also will be a great tax write off for the new firm. This would mean they would have to hang around awhile for IRS to allow the write off. HDST is currently bringing in $125,000 to $150,000 monthly and are able to pay the bills. Apparently $125,000 is the break even point for them. The stock is currently $.013-$.016 with low volume. They have been given good rating for one of their helmets by Consumer Report Magazine a few months ago. In talking with the office staff orders are coming in fairly strong and they are able to get them out quickly. They have no difficulty getting the components to make the helmets. When the news came out about the Chapter 11 business really slowed down. Now the smoke has lifted and new and old accounts are placing orders. Their helmets are less expensive than most others in the market and they meet or exceed government regulations. No financial are coming any to soon as they don't want to spend the $70,000.00 needed to complete them. I ask Tom Malik several time to put out a press release and nothing has come as yet. The gals in the office Debbie and Claudia have been asked to light a fire under Tom for press releases. There real nice people and have been very helpful with answers. 732-254-3433