Bottoms are always made when it looks the worst!
Buy Low, Sell High
I am sure many of you have heard these before so forgive me.
I've been holding HISC for almost 2 years now with most of my buy in at the .10 level. I've been watching this board now for about a month, trying to find some logic for the current pricing. I feel compelled to put my 2 cents in.(Pun intended)
I believe the handwriting is on the board. Over a year ago HISC said they were going to buy back 20 million shares, then in Nov of 2006 they had bought back 30 million shares and then finally on 4/05/2007 they indicated they had removed 826 million shares from the float. That’s 826 million that were removed by what we could safely say were at prices 3 to 4 times higher than where they are now. 826 million at .0005 would cost $413,000.00. Imagine how many shares they could buy back now at the current price. There were 3.6 billion shares in the float as of March 31, 2007.
It seems to me, and I can assure you that this is hopeful thinking on my part, if HISC is selling anything into the current market it's to keep the price down so they can shake the bushes and flush the weak players out. Makes sense with so little PR. Did I read on this board that some investor put 2 million into HISC not too long ago?
HISC will not tell you that they are actively buying back, but they have already been quite aggressive only 4 months ago.
How would you prefer to get the float inline, do a reverse split or buy back shares at a dirt cheap price?
I think we will all be sad that we didn’t buy more at these prices.
This looks like a quality product with customers all over the world. They may have gotten ahead of themselves with Export Licenses and other regulatory crap that has taken longer than anyone would have thought. It looks to me like those hurdles are all but gone.
That's my story and I'm stuck with it.
May the Schwartz be with us!
