DHS Holding Co. (fka DHSM)

[janice shell]

We've been through that before. All Pinks have only unregistered stock, except for some delinquent filers.

If the company wants to issue and sell stock, it must avail itself of an appropriate exemption. In this case those would be Reg D or Reg S. They haven't done any Reg D placements, at least not recently. We don't know about Reg S, as it requires no report to be made to the SEC.

As for the debt conversion stock, that needs to be freed up with a lawyer's opinion letter. The SEC is very interested in that kind of opinion letter of late.