PE pennies

[Potse]

EX_HI...change in business direction.....

I'm still holding a position in EX_HI, established prior to the previous reverse merger a few years ago. I didn't think that RM (a Japanese wedding/travel service and products type of company) would really develop into anything significant or attract investor interest, so I decided to keep the shares and wait for the next RM or something. This will probably be the last RM or business change I stick through on this particular stock, as most likely significant dilution and/or significant changes in the float will eventually occur now.

It looks like EX_HI unwound the RM earlier this year and has now changed its business direction to that of a US-based medical equipment supplier. The recent flurry of filings by the company still hasn't provided sufficient information on the terms of the debt it has on the books, or what the share structure will ultimately look like.

The outstanding share count at April 30 was 20M and a float around 2.2+M. For the entire time I have followed this stock, it has generally traded as if it has a pretty low float, and by the looks of today's trading that continues to be the case. If the stock attracts some momentum/promo interest before significant dilution sets in, things might get a little interesting.

http://exlitesmedical.com/