Posted by: Ruellit Date: Friday, May 23, 2008 3:15:12 PM In reply to: None Post # of 2864
HWBI fundamentals
AS 750M OS 455M Float approx. 191M
Company is debt free (see Note 1), has $600K (est.) cash on hand, sales are increasing, and they are now getting revenues from ads on their website. (Just like Ihub)
HWBI's CEO has a history of making successful companies.
Note 1 The restructuring agreement also provided for an additional equity based capital infusion of $500,000 for ongoing expansion and marketing of the Company's businesses. In consideration for this $2.1 Million conversion of debt and increase in net equity, the various debt holders and investors will receive 200,000,000 newly issued restricted common shares of Hot Web at a cost basis of $.0105 -- a 3500% premium to yesterday's closing price for Hot Web's common shares.
Hot Web, Inc. Announces Completion of Significant Share Reacquisition
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