Replies to post #96161 on Health Sciences Group Inc (HESG)

[wrenchman]

http://us.linkedin.com/pub/dir/Derek/Nguyen/us-51-Orange-County,-California-Area

[Sahara Rat]

you are right. GAME IS OVER NOW

[nodummy]

In a sense they have been dark. They haven't done any SEC filings since 2009. They haven't done a filing with the Florida SOS since 2010 which is why they state revoked their business license. They have done no press releases for a couple of years. The ticker was abandoned after it was abused. It became a zombie ticker still trading, but with no officers and no business operations.

It looks like somebody (probably Derek Nguyen) has decided to come in and try to take control of the dead ticker.

The Florida entity that Tom Gaffney created for this ticker after illegally hijacking it by creating a new Delaware entity instead of curing the void status of the old Delaware entity actually associated with this shell is showing a pending reinstatement filing:

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P09000012683&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=HEALTHSCIENCESGROUP&names_filing_type=

Florida Profit Corporation
HEALTH SCIENCES GROUP, INC.
Filing Information
Document Number P09000012683
FEI/EIN Number NONE
Date Filed 02/09/2009
State FL
Status INACTIVE
Last Event PENDING REINSTATEMENT
Event Date Filed 11/08/2012


This could be happening for a couple of reasons:

1) Somebody could have come in and filed for custodianship of the dead shell with the plan to try to reinstate the business entity and try to take advantage of the abandoned ticker that still trades. Since I'm pretty sure that neither Delaware nor Florida has rules in place to take custodianship of a revoked entity this is probably unlikely.

2) Somebody could have came in cured the void status of the entity at the state level by filing the proper paperwork and paying all the unpaid back taxes and fees without actually going through the courts to take control - hijacking the shell illegally.

3) Somebody could gotten suckered into buying controlling interest of this old abused shell and now they are going to cure the business entity status and try to use the shell for some kind of new business operations.




What people should watch for now is if the state SOS filings get cured which looks likely at this point. If somebody is seriously looking at taking this shell and starting some kind of new business operations then they will have the state business entity active again.

The other step to watch for is some OTC filings. To have any kind of legitimate chance to wake up this ticker they will have to do some OTC filings that explain what is going on. The filings will disclose the share structure and how the change of control took place.

The biggest thing to be careful of is an SEC suspension. You are only allowed to file a Form 15 if you are current with your SEC filings. HESG has not filed a financial report since 2006. That's 6 years delinquent. I've seen non-current tickers get suspended for filing a Form 15 that were only 3 - 4 years delinquent. In other words this Form 15 filing puts HESG even greater at risk of an SEC suspension and SEC revocation.


Unless the SEC suspends the stock followed by a revocation, the ticker will continue to trade. If no OTC filings show up and the state business entity status isn't cured then the ticker will almost certainly remain stuck at no bid for the rest of its life. I suspect now that a Form 15 has been filed it will be a short life.