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

To: Brett Fleischman who wrote (3714)	5/29/1998 10:06:00 AM
From: FARRIS	Respond to of 25711

This is what I think it is... To: FARRIS (160 ) From: JFO Thursday, May 28 1998 2:10PM ET Reply # of 170 Farris, 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.