Looks like a good time to get in. High volume and the CEO thinks that the price should be higher. Here is his last press release.
HealthSonix Update to Shareholders and Comments on Recent Stock Activity Monday October 23, 2:00 pm ET
IRVINE, CA--(MARKET WIRE)--Oct 23, 2006 -- HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) today reacted to the downward stock pressure and unusual high trading volume of its shares over the past three weeks.
"There is absolutely no underlying business reason for this activity and down pressure on the stock," said Dieter D. Doederlein, Vice President, Corporate Development. "Our business plan is being implemented and the news has been nothing but positive. As a matter of fact, due to recent international sales announcements, we will be upgrading our sales forecasts and guidance for 2007. The positive results shareholders are seeing today exceed our goals we set for the Company when we started five years ago."
Since becoming a publicly traded company this summer, the company's shares have moved up and down, but never with the massive down trend that started in early October. "One of our foremost challenges is to maintain and improve shareholder value and the Company is currently examining what could have brought on this unprecedented massive drop," continued Doederlein. "We should have a better idea later this week as many of our shareholders have called pointing the finger at a possible 'naked shorting' of the stock. We have engaged our lawyers and a specialist firm that will be analyzing the trading and provide the recommendations on how to deal with this phenomenon."
"If it is naked short selling, a possible illegal stock manipulation, we will consider ordering all DTC positions to be exchanged for physical stock certificates so we can put an end to this negative and disturbing activity," said Doederlein.
HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) is a publicly traded medical technology company. The Company's core offerings are based on proprietary, patent pending medical technologies that use sound pressure waves to administer sub-sensory micro vibration to the human body. Precisely formatted low frequency sound pressure waves are 80% effective in treating the pain of many diseases, particularly arthritis. All treatments and products are safe, non-invasive, drug free, and have no known side effects.
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