bought .0085s yesterday, could've had lower I guess but had plenty of cash to trade with... here is what I wrote when adding this one to my notes screening a couple weeks or so ago:
150M auth 53M out May 2013 - unchanged since March 2012. Ran .03 to .08 right after the reported 53M in may though but only on 2.5M volume so can't have increased that much. .008 x .0095 now looks great to buy .006-.008. Assets are over 1M and liabilities about the same. On July 14, 2011, the Company formed HDI Plastics, Inc. (“HDIP” or “Plastics”), as a wholly-owned subsidiary of the Company. HDIP commenced operations in October 2011. HDIP is the principal operating business of the Company. HDIP is engaged in the processing of recycled plastic material including re-processing into pellet-form for sale to manufacturing customers. We plan to resume production to full capacity by May 2013, assuming adequate capital is obtained to do so. We cannot guarantee that we will not encounter delays in resuming production to full capacity which may extend the date. Demand for reprocessed plastic is growing, and we believe HDIP has the systems and infrastructure for cost effectively collecting and processing post-consumer and post-industrial plastic waste into pellets to be resold to domestic manufacturing companies.
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