What I Know, and What I Don't Know
It seems that the HSYN suspension of trading had more to it, than just late filing. The SEC apparently hit several pink sheet stocks at the same time, almost task force style. The companies targeted were not only late filers, but there was some indication (exactly what I don't know) that insiders of the targeted companies might have been moving, or trying to move, stock prices. Apparently the SEC has questioned HSYN regarding the allegation of manipulation. HSYN apparently has vigorously denied any wrongdoing, or involvement in a pump and dump scheme, and is fully cooperating with the SEC.
I say apparently, because I am NOT certain of this. I also do not know when the meeting with the SEC was held, whether there will be more meetings, who attended for HSYN, what HSYN was asked to explain, or when the matter will be ultimately decided by the SEC. I know many of you are very worried about your investment and I am just sharing what I have been able to piece together. Remember I could be wrong!
My take on this is simple. If HSYN did something wrong we might as well get it out in the open right now, right here, and let whatever happens, happen. But if HSYN did nothing wrong beyond failing to timely file financials, which I believe to be the case, then this could be a huge positive. It looked to me, on the day of the suspension, that HSYN could have easily eclipsed the 40 cents mark. It looked like the Buy side was overweighted with many large block buy orders that would have moved the stock at least to 40 cents. Well, those that intended to buy on April 5 likely have been doing more due diligence to see if they still want to take the plunge when HSYN resumes trading. If the SEC closes the investigation against HSYN, with no action taken, then the nerves of those big buyers will be calmed. They would be more likely, therefore, to go ahead with their buy orders. Further, it would seem to me that if the SEC is investigating whether there was a pump and dump scheme in place, and the SEC takes no action in connection therewith, we reasonably know that HSYN has presented objective facts supportive of each and every claim made in company press releases to satisfy the inquiry of the SEC. And we know that if the press releases are supported with verifiable evidence, then HSYN might be the most undervalued stock on the planet. I don't even think Argyll would disagree with that. So clearance from the SEC would be a clear signal that HSYN is on the verge of stepping up and stepping out.
It also seems logical to me that the Company has decided that until the SEC matter is completely resolved, that it is best to say nothing. I would not necessarily construe silence on the part of the company as a matter of concern. Ultimately I think the matter will be resolved in a manner satisfactory to HSYN. JMO and FWIW and I could be wrong.
AI
