H Quotient, Inc. (fka HQNT)

[royzim]

Navydude4 said:

But who else would pay .85 per share for a pink sheet company that has already stated it is only worth .55 per share and hasn't produced any financial statements to back that up?

I need to correct you: The PR didn't state that SNDH's worth was .55 per share -- rather its accountants determined that to be its cost basis for tax reporting. It has nothing to do with fundamentals -- only SNDH's price at the time the dividend was announced. SNDH closed at .55 on on that day. It's worth (or value on a fundamental basis) could be far less. From the PR:

The value was established by H-Quotient's auditors based upon the PRICE of Standard Holdings Group Ltd. at the time the dividend was announced, February 17, 2005. Therefore, the Standard Holdings shares paid as dividends are being treated as $.55 for tax purposes (empahsis mine).

Also, you stated:

Nobody would buy SNDH right now at these prices unless they had to.

Or unless they thought that SNDH was going to sell at much higher levels in the near future.

Roy