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Friday, April 16, 2010 1:04:13 PM
Just an opinion. Its interesting to see people selling from what appears to be the basic risk assessment outlined in the 10Q for the 2009 year ending.
They have to cover every 'what if' scenerio as does every company for legal protection.
They are still in their infancy and obviously are going to have those concerns. There was no surprise. Yet people read it and think the sky is falling.
It's like going to a baseball game. On your ticket it says there's a chance you can get hit by a ball and be injured. And that you agree not to sue. Doesn't mean its going to happen. So, selling HLXW based on what you read from the basic risk assessment section is like not going to a baseball game because you're afraid of getting hit by a ball.
Of course the company is risky. Its a penny stock. Clearly has some big issues to handle. Comes down to whether or not they have the ability to work through those issues. St George Investments clearly thinks they'll work through them. I doubt they would of thrown a million to them if they didn't.
Good luck to all that hold, buy and sell.
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