After the initial excitement over the new concept and aim of the company, the price of HDS International Corp. (PINK:HDSI) has been moving around the $0.23 mark.
Yesterday, HDSI closed up 4.44% at $0.235 with a volume of approximately 1.7 million shares.
HDSI has kept up with its active press releases policy and has provided a number of updates. The latest one was issued yesterday and probably contributed to the market performance.[BANNER]
HDSI commented on how its technologies give the company some advantage over some competitors.
In previous PRs, it provided information on the project scope for the target production site in Black Bay, Canada, and commented on its financial position.
In the PR from Aug. 24, HDSI said there were 497,6 million fully diluted shares – 347.6 million common stock and 7.5 million 20:1 convertible class A preferred stock. It also stated there were no options or warrants outstanding at the time.
While information like this may be useful for traders to form an opinion, a detailed financial report would still be more valuable. Until the time for one has come, there is no basis for expecting one.
