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Microcap & Penny Stocks : HeartSoft Incorporated (HTSF) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Bush who wrote (1250)	3/4/1999 11:27:00 AM
From: Don Ward	Read Replies (1) \| Respond to of 1781

HTSF Domestic Best Bid/Ask... 2.750 2.969 0 x 0 Bid Ask Bid x Ask Date Time Telephone# Indicators ________ ________ ___________ ________ ________ __________ __________ HILL 2.375 3.375 5 x 5 03/04/99 11:14:12 O F NITE 2.656 2.969 5 x 5 03/04/99 11:13:30 O F HRZG 2.563 3.000 5 x 5 03/04/99 11:10:19 O F USCT 2.750 3.250 5 x 5 03/04/99 11:09:54 O F FAHN 2.563 3.063 5 x 5 03/04/99 11:09:47 O F SHRP 2.500 3.000 5 x 5 03/04/99 10:56:06 O F WIEN 2.500 3.000 5 x 5 03/04/99 10:54:39 O F MHMY 2.375 3.000 5 x 5 03/04/99 10:37:33 O F GVRC 2.000 4.000 5 x 5 03/04/99 10:30:57 O F BACH 1.500 7.000 5 x 5 03/04/99 07:34:03 O F FRAN 2.313 3.688 5 x 5 03/04/99 07:34:03 O F PGON 2.375 3.000 5 x 5 03/04/99 07:34:03 O F MASH 0.375 0.750 50 x 25 05/09/98 11:50:22 O F

To: Lee Bush who wrote (1250)	3/4/1999 12:39:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 1781

Lee-- I beleive the market makers (MM's) have been seriously short on this stock since even BEFORE the runup began on 1/14/99. We watched for weeks in late 1998 as buying outweighed selling by a ten to one ratio, and the stock price did not move. Where the MM's are now on the stock, I can't discern from today's 11:24 log. NITE was the only one selling at 2.96 then, but we are back to 2 3/4 on the ask now, so something changed. But tell me, Lee, why would a certificate call not do any good? Say (and this is not going to happen, so hypothetically) that 1.8 million shares are called for...the float is 2.4m, and 500,000 of those are already in cert form due to various reasons. Only 100,000 shares would be left to the real float...would this not cause discomfit to the shorting MM's? Don't they have to borrow those short shares from somewhere? Or are the shorting MM's simply creating shares out of thin air, saying that after the dust settles, everything will be worked out? If so, how can that be legal? Do we have any recourse? Last month, we watched as FAHN sold over 200,000 shares of HTSF at 1 7/16. No matter how much buying occurred, she would not move the ask. How does an MM do this, if they don't really have the shares to sell? I guess this question has been nagging me for a while. Cheers! Rick

To: Lee Bush who wrote (1250)	3/5/1999 11:07:00 AM
From: David Colvin	Respond to of 1781

All: I believe we do have a short problem here. The stock was brought down very hard on Tuesday and again yesterday. Can someone with level 2 take a look and see what house is involved? The following site will certainly tell you who the "heavy hitter" MMs are that are trading HTSF stock. otcbb.com

To: Lee Bush who wrote (1250)	4/6/1999 6:31:00 PM
From: Richard L. Williams	Respond to of 1781

Hello, Lee-- It looks as though the "short problem" that you brought up a month ago reared its ugly head again today. Great news, enthusiastic buying, yet the stock was pulled up short as the MM's engineered another stop-loss grab (16,500 shares at 1.562 at 10:30 folks, read the log for yourself) that took the momentum from the stock and allowed them to play with it for the rest of the day. You've made it clear that there is little we can do...but I am not too keen to buy, either, since the MM's are not allowing share price appreciation as they should be. It seems intractable...I want to yell for help from somewhere. Rick