posted
Looks good. No debt is good. Reserves seem nice. went through the website. really nice. shall be looking forward for cashflow statement that they said they will put through, as per the May 5th PR. I will see if I can get a small stake in it tomorrow. and hopefully, the cashflow statement should be out on Friday! GLTA.
Posts: 270 | Registered: Apr 2006
| IP: Logged |
HE-5 Resources, Corp. Announces Forward Split of Company Stock May 11, 2006 11:38:00 AM NEW YORK, NY -- (MARKET WIRE) -- 05/11/06 -- HE-5 Resources, Corp. (OTC: HRRP), today announced that during a Special Meeting of the Board of Directors the Company approved a 5 for 1 forward split of the Company's common stock.
HE-5 has provided notice to the NASDAQ Stock Market of the stock split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
CEO Denyse Raynault stated: "This forward stock split is intended to lay the groundwork for the anticipated growth of the Company; in particular it will enable us to raise the required capital to acquire other mining claims in regions of the US that contain large, high-grade precious metal deposits." She went on to state: "It is also part of our ongoing efforts to improve trading liquidity, promote capital investment and enhance shareholder value."
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
im in too * .118 lets fly // 5 for 1 forward split can't be bad anytime
Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
| IP: Logged |
posted
in at 0.114 ...... hope i make some money out of it....
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
| IP: Logged |
posted
no doubt Jw , we have a cold fron approching here so it shud make the fish nuts , whenthe horses and cats get frisky well, then it is time to go fishin
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
| IP: Logged |
Just spoke with HRRP Surge Ollu, VP Operations/Finance. He said that they completed their full financials last week and turned them over to their accountants on Monday. He hopes to release audited financials within a few weeks. He noted that he doesn't have to have them audited but he felt it was best for the investment community.
The purpose of the split was to raise the share count and increase liquidity. They have several acquisitions in mind and this will help them finance the projects.
He noted that with the increase in gold prices, it is bringing an increase in interest regarding their Overman property. Recently they have received 7 different offers for the property at "ridiculous amounts." He said if they were looking to make a quick few million, they would have just sold the property. But instead, they are looking long-term.
I asked him who might be selling shares at this point and he said the seller is probably someone from the previous company. He did not know how many shares that person might have but said that he will run out soon enough. (lol, that was sorta funny to me).
Lastly, he said if I or anyone else has additional questions, feel free to call anytime.
That's about it.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
Hey Black Beard... You arent in the ABC islands are you? Just wondering you mentioned cats and I only saw 2 while in Aruba last year. lol. What the hell do they do with all those cats anyway, makes you go hmmmm, do they taste like chicken? lol TMAN..
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
5 for 1 forward split can't be bad anytime
![[Smile]](smile.gif)
