Why would anyone short a sub penny? It happens all the time and it never makes sense? However, I believe the shorts are about to get their @$$ handed to them. This is not your typical pink sheet scam.
"Let me state clearly that the Company is confident in the viability of its business model and future prospects for growth. The Company is still holding and will continue to hold all currently restricted shares. Those who have stated otherwise are either uneducated in the rules and regulations of insider transactions or have ulterior motives and resort to scare tactics based on their own assumptions," stated Chris Winter, president of Innovative Health Sciences, Inc. For clarification, the Company recommends interested parties contact its transfer agent, Holladay Stock Transfer, at 480-481-3940 and/or refer to the Company's filings available at www.pinksheets.com for any updated share information.
Innovative Health Sciences recently announced it is working with counsel to conclude the request for Due Diligence materials from the Letter of Intent received by the Company last week. The Company said it anticipates a final decision with appropriate announcements on or before June 15, 2010.
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