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Re: se7enhdy post# 8306

Wednesday, 08/17/2011 12:23:13 PM

Wednesday, August 17, 2011 12:23:13 PM

Post# of 21090
Prolly of no concern. The HDY shares were probably used to capitalize the private co, secure funding, or whatever. (my WAG)They will probably stay tied up in the new company. Looks like the M. Watts kids parlayed 4.5mil $ in HDY sh into 9.5mil $ of an OTC company and got 33% control plus whatever interest Driver has.
I would be a lot more concerend about K. Watts new venture and if he has used his holdings to underwrite it. If they ever get into problems they might unexpectedly liquidate some holdings or loose control of a block of shares.
Come to think of it, I don't even want to worry about those guys.