Shares to cover debt? First time I've heard. Interesting rumor. Interesting the creativity of falsehoods when the noose is tightened. Company would have stated that if true. Folks can say anything. Company has been very candid as to financial transactions. To the best of my knowledge, HNSS never has stated shares to cover debt. Full Disclosure - this month - will definitively answer.
The product line is very small? Someone is not eating their Wheaties. HNSS has diversity of revenue streams / profits:
Publicly disclosed revenue streams…
MACHINE MANUFACTURING
NEW YORK, NY--(Marketwire - May 16, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) announced Microfill Corporation, the Company's new machine manufacturing subsidiary. Microfill Corporation taps a lucrative market by capitalizing on the Company's state-of-the-art Microfill-2160 Fill-And-Seal technology.
***
LUCRATIVE CAPITAL FUNDING ACTIVITIES
NEW YORK, NY--(Marketwire - 05/11/11) - Healthnostics, Inc. (Pinksheets:HNSS - News) announced that the initial $500,000 funding of HNS Fund Co. is nearing completion. These funds are creating a capital reservoir to engage in new enterprise startup capital, stock investments, acquisition funding, and other lucrative activities.
***
MARKETING JOINT VENTURE
NEW YORK, NY--(Marketwire - 02/14/11) - Healthnostics, Inc., (Pinksheets:HNSS - News), announced a joint venture with U.S. News Marketing Co., a division of U.S. News Co., to tap a large niche need in the publicly-traded company market. U.S. News Marketing will service the marketing void common to the thousands of publicly-traded companies not employing in-house marketing personnel. The focus will be to assist those companies to disseminate news in a professional, effective, coherent, and timely manner for less than they currently pay for news distribution alone.
U.S. News Marketing selected the consulting division of Healthnostics for its expertise in the regulations, workings, and culture of publicly traded companies, and Healthnostics will receive 60 percent of gross revenues from the joint venture. This revenue is expected to significantly impact the Company's net profit.
***
MAJOR MANUFACTURER OF MEDICAL SPECIALTY PRODUCTS
NEW YORK, NY--(Marketwire - 10/12/10) - Healthnostics, Inc., (Pinksheets:HNSS - News), a medical manufacturing and biotechnology analytics company, has purchased a major manufacturer of specialty medical products. There will be an immediate positive impact on revenue and earnings commencing in the 1st Quarter of 2011.
***
WORLDWIDE WIPES
NEW YORK, NY--(Marketwire - 07/13/10) - Healthnostics, Inc. (Pinksheets:HNSS - News), a medical and biotechnology analytics company, has completed its acquisition of Worldwide Wipes Co., "a U.S. manufacturer and distributor of wipes for medical, veterinary, disinfecting, and a variety of other uses, and the company's market ranges from cartons for individuals to truckloads for corporations… Terms of the acquisition include net profit benchmarks of $300,000 to $600,000 in the first year and $600,000 to $900,000 in the second year.
NEW YORK, NY--(Marketwire - 10/29/10) - Healthnostics, Inc. (Pinksheets:HNSS - News) announced that monthly online sales through its Worldwide Wipes Co. subsidiary have increased by more than 200 percent since it was acquired in July, and this trend is continuing… Both the number of units sold and the price per unit increased while overhead decreased as strides were made in the reduction of shipping, packaging, and advertising costs… The Company plans to capitalize on this success through the expansion of product lines and marketing outlets.