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Microcap & Penny Stocks : HDST Headstrong Group Inc -- Ignore unavailable to you. Want to Upgrade?

To: dusty who wrote (242)	6/4/1998 11:29:00 PM
From: JohnO	Read Replies (1) \| Respond to of 389

RDR, Thanks for the feedback. Question? HDST is in chapter 11 right now. They are in the middle of an audit by a prospective buyer. This buyer is willing to accept the debt level HDST already has on the books now. What bank or lending institution would give HDST a loan? The only one I can think of is 3 FINGERS LOUIE FROM BROOKLYN. HDST hasn't gone to any trade shows to expand their wears due to lack of funds. Average trade show runs about $25,000.00 this is from HDST staff. Shareholders only chance of survival is the BOYS from CLEVELAND or a similar group. Yes they are staying in the black right now but they have to make more to satisfy the creditors they owe money to. With the current management they can't survive and pay off the creditors. They have to get major investment money involved and then they will be very profitable. 4 to 5 years ago they were making a lot of money and growing strong in the marketplace. Friedman and Malik got greedy and spent more than they should have. Friedman left town and Tom Malik is left holding the bag and we went to .01 in share value. New money and management will turn this stock around and we can than prosper from their wisdom. Quite a few people were left holding stock at $4 & $5 from 5 years ago. Think how they feel about HDST. A good number of people have been burned through the poor management of HDST over the years. Friedman and Malik made a killing selling their shares in the $5 range. Should they get another chance to maybe do the same? I vote for new management for HDST Okay time to get off the soap box. Have a good one. JFO