Friday, September 22, 2006 12:44:31 AM
I had similar thoughts regarding this scenario back in March or so...back when we were expecting an Acsoft deal and an undisclosed merger/acquisition of a third company. Its still applies even though Acsoft is history.
HISC moves its assets, "contracts", future revenues, past and future contacts to its "new" company EVSY. They keep a token portion of the business in the HISC "almost" shell...just to keep it legal. Continue to dilute the stuffing out of HISC in order to pay BA. And all the while, EVSY, moves on with the old and new business that was Homeland Integrated Securities.
Think about it. HISC has lost most, if not all appeal to the penny stock investing circles, our O/S is bloated, and our PR's are powerless. HISC is making no one rich...except for BA (remember, even the board was taking HISC shares, and those shares are losing value daily).
So, the scenario proceeds (IMO): We get a "dividend" from HISC in the form of one share of EVSY for each fifty shares of HISC. We thank the board of HISC and trust they will do the right thing. The assets and essentially most business now is conducted under the EVSY ticker. HISC continues on the pinksheets with its twice weekly PR's and its swelling O/S. EVSY benefits from the services of BA because of the obvious "relationship" with HISC. Meanwhile, HISC continues to flounder, hoping only to sell enough shares to keep BA happy.
Sounds like a great plan to me, and pretty smart of the board to come up with that one. lol...and here we are, thanking them for our R/S and restricting our shares.
If I were a betting man, EVSY moves onward and HISC continues the death spiral. All IMO of course.
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