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Re: choo choo trader post# 4950

Wednesday, 03/03/2010 10:26:16 AM

Wednesday, March 03, 2010 10:26:16 AM

Post# of 18342
I copied the "must" from the 10q. It would be foolish for someone to let them expire since they are getting the shares at .19 and we are at .23+. To recalculate using .19. You are correct we wont know the exact amount until the filing, but using simple logic we can see that they will have this cash on hand.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7092024

70,549,868 x.19 =$13,404,474.92
They must exercise fifty percent at a min; but as you can see in the filing they issued 70,549,868 or what appears to be the full amount.

From 10q:

"The holders must exercise fifty percent of the Tranche 2 Warrants if the market price for the Company’s common stock is $0.24 for a period of thirty consecutive calendar days. "


http://msnmoney.brand.edgar-online.com/DisplayFilingInfo.aspx?TabIndex=2&FilingID=6160296&type=html&companyid=86957&ppu=%2FDefault.aspx%3Fticker%3DHDVY

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