Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cyberman who wrote (3652)	5/28/1998 2:15:00 PM
From: JohnO	Respond to of 25711

Just got off the phone with Tom Malik at HDST. A group of investors who currently own several private companies is currently doing an audit on HDST. Tom believes within two weeks we'll see the ink on the paper. They plan on keeping HDST operational and adding the other companies into the mix to pick-up on the slack time the helmet industry has during the year. This would mean constant revenue coming into the company. They can use the losses from HDST as a tax buffer for the new company. This also means they need to keep HDST afloat to reap the tax benefits they'll realize when they take over HDST. Tom is hoping to stay onboard with the new organization but has received no assurances of this from the new people. The man he is dealing with is formally from Chemical Bank and now has formed a group that has been purchasing other companies to expand their horizons. Two weeks ago they purchased a company in Cleveland. No additional information on that deal. They will be reorganizing HDST and the other companies coming into the mix to make a cohesive organization. This looks very positive for those of us who stuck it out and those coming on board in the near future. Those who jumped ship did so premature IMO. I'm excited about this prospect for HDST.