| An SI Board Since January 2004 |
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HETC |
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Makes device for measuring resting metabolism - driver is weight control. Initial mass marketing strategy failed. Company subsequently cut costs and is now focusing on marketing to health clubs and to medical community. During latter part of 2003 company issued more stock and warrants to raise cash. During early 2004 - one to 5 reverse split. An investment company controlled by company director Samburg established a large stake during 2003 stock offering. Key question will be their ability to sell product. If so, then watch for turnaround as stock is down extensively from old highs (gaps at much higher levels) and is establishing a base in current range. Former symbol was HETC (may revert to it soon). As of writing symbol is HETCD. All imo, not an investment recommendation.
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