News Focus
News Focus
icon url

whitenoize

08/17/11 12:23 PM

#8307 RE: se7enhdy #8306

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.