HDSI traded over 56M shares today after announcement of the new financial agreement (see below) & closed trading session with 60.71% gain. We like trading of highly liquid penny stocks but alway do this with some degree of caution. Wonder why?
- HDS International has over 538M shares issued and outstanding as of April 2011.
- Company’s market cap as of today is $145M.
- Company’s assets are ONLY $2,879.
Not enough? Here is more:
On August 15th company increased authorized share count to 2,000,000,000!
OK, Serik Enterprises, Inc. unsecured promissory notes (here and here), Penny Stock Expert, Secret Penny Stocks & Awesome Penny Stocks promotions ($10K each… common sense tells that has to be more serious promoter with a big budget) somehow helped for $15M funds raising event. Question is – for how long? Our advice is simple – Trade Smart.
Latest HDSI‘s news for your references:
PROVIDENCE, R.I., Aug. 18, 2011 /PRNewswire/ — HDS International Corp. (OTCQB: HDSI), a provider of industrial ocean-based biomass production and other high-value eco-sustainability solutions, today announced that it has entered into a financing agreement with certain accredited investors, providing for, among other things, immediately available funding.
Under the terms of the financing, Wiremu, Inc. will make available under a convertible promissory note the aggregate principal amount of $500,000 to HDS, bearing simple interest of 3.0% and due and payable February 2013, unless previously prepaid in full at the sole discretion of the Company. The note, or any part thereof, is convertible at the Company’s sole discretion into shares of common stock of the Company at a conversion price of $0.25 per share.[…]
HDS International Corp.
345 S. End Avenue #7P
New York, NY 10280
Tel: 212 786-1290
Looking some potencial “gappers” at tomorrow’s open? Take any:
|Symbol||Company Name||Last||Net Change||% Chg||$ Volume||Volume|
|EXTO||EXIT ONLY INC||0.0086||0.0025||40.98%||$654,275||74190739|
|ALZM||ALLEZOE MEDICAL HOLDINGS||0.66||0.15||29.41%||$391,087||666312|
|PMUGW||PRIMUS TELECOM GROUP||4.4||0.4||10.00%||$320,773||73037|
|LSCG||LIGHTING SCIENCE GROUP||2.75||0.35||14.58%||$316,604||126131|
|PPCCF|| PICC PROPERTIES &|
|IRLBF||BANK of IRELAN EU.64||0.15||0.02||15.38%||$90,315||666438|