Thursday, March 19, 2015 3:15:48 PM
They have no cash. According to the Sept 30, 2014 10Q, they have $163 in cash, 1.3 million in liabilities and negative shareholders equity of $1.3 million, no sales. There are expenses of around $100,000 per quarter.
They are so bad off that they can't even put up a web site:
http://www.hdsicorp.com/
[Here is the entire web site - start]
This Page is Under Construction
The New HDSI is Coming Soon
HDSI is pleased to announce that is has entered into a Strategic Expansion Agreement with SirenGPS, transforming the company for future value creation.
HDSI has secured rights to an exclusive license for all the technology of SirenGPS, Inc., a emergency management technology company.
Visit SirenGPS' website here, to learn more about their solution: SirenGPS Home
Read our public filings here: HDSI on EDGAR
Here is our press release announcing the transaction: HDS International Announces Stategic Expansion Agreement with SirenGPS, Inc.
New contact information for HDS International Corp:
9272 Olive Boulevard
St. Louis, MO 63132
Phone: 401-400-0028
[Here is the entire web site - end]
I expect that at some point HDSI will stop filing reports and then get delisted.
In the announcement with SirenGPS, HDSI claims it issued more stock to pay off all of the liabilities, but who in their right mind would want shares in a company with only a few hundred in the bank?
Louis J. Desy Jr.
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