|Just spoke to IR man at HESG - here's the scoop:|
- apparently they are NOT going to do a financing imminently, they don't want to dilute
- they're working on Sequestrol first, planning to get a new "infomercial" out ASAP (in the next week or so)
- they're going to try and get interim funds from 1) the short-term sales of Sequestrol, and b) private financing from "friends and family"
Those are the main points. I asked about Shugr (which I think is their best product) but apparently they don't have any cash to manufacture anymore, so aren't working that product right now (too bad, I think it's their biggest potential). I also asked about Stuart Gold (one of the main reasons I bought in) - apparently he's working on some immediate short-term solutions - but it's also clear he needs money to accomplish his goals (no surprise there)
All in all, not a bad discussion, but OTOH, nothing that's gonna make us go buy all the shares we can get our hands on right now. A few things are supposedly going to happen next week - but it will take time (and money) to turn this thing around permanently. I'm betting they will do it - Stuart didn't put his big reputation on the line to fail here (and he has quite a reputation for success, I know that from people in my own line of business). But my bet on HESG isn't nearly as painful as others - I'm long 200k at an average of 0.08 ...
The IR man's email is:
Craig kulman, email@example.com
Good luck to all