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Re: GotOptions? post# 900

Friday, 02/02/2007 9:28:03 AM

Friday, February 02, 2007 9:28:03 AM

Post# of 33390
It's hard to say what will happen day to day. HYRF is so news sensitive. Since BCGU has come on board HYRF seems to be more prone to press releases. The former CEO ( Dennis Mast) ran afoul of the SEC and since then HYRF has been VERY gun shy about PR's. Mast's SEC woes were related to misleading PR's. The result was a class action by the Rosen law firm. The new consulting group, BCGU, seems to have provided HYRF with capital to go foreward not to mention BCGU is run by a securities lawyer. It is my understanding that BCGU not only aids HYRF with press release review, but also is handling the review of the financials so HYRF can become fully reporting, and BCGU is no doubt helping with the class action. BCGU was present at last month's shareholder meeting. It was BCGU's recommendation that HYRF remove itself from BDC status and go to a C corp. These measures were approved.
I believe the advent of BCGU has led shorters to reconsider their position.

jc

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