After reading some interesting material the other day, it appears as if the penny stock of Hypertension Diagnostics Inc. (HDII) is not just ready to explode, but set some new highs while doing it. HDII stock has been one of the more thinly traded shares we have been watching in recent weeks, but after reporting their Q for the 3 months ended March 31, the timing could not be better. Barchart.com has this sucker listed as a “strong buy” and flipping this nearly revenue-less biotech couldn’t be done at a better time.
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HDII Stock Quote
Market Cap: 1.83M
Issued and Outstanding: 52,388,750
1st Resistance Point: 0.0375
1st Support Level: 0.03
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A year ago, Hypertension Diagnostics reported $1,837,289 in revenues for the 3 months ended March 31, 2012. A year later, the failing company failed to even force their account to use a comma in the revenue column. Besides that, Asher Enterprises, Inc. just closed a 3rd convertible note payable deal which allows them access to HDII stock for pennies on the dollar.
As of March 31, 2013, Hypertension Diagnostics had an accumulated deficit of $30,682,216 and cash and cash equivalents of just $5,664. Their sales fell off completely after the Company sold their medical device inventory, subleased their office and manufacturing facility, and decided to focus strictly on their wholly-owned subsidiary, HDI Plastics Inc., which is focused on processing of recycled plastic.
While HDII stock may appear to be in a bullish pattern, it’s short-lived run from could come to a screeching halt once Asher starts dumping shares on the market. That said, this is a company that The Company earned $48,880 and $3,039,301 in revenue from continuing operations in the nine months ended March 31, 2013 and 2012, respectively which shows they have a knack for doing what they know how to do.
About HDII Stock
Hypertension Diagnostics, Inc., through their wholly-owned subsidiary, HDI Plastics, Inc., is engaged in the processing of recycled plastic material including re-processing into pellet-form for sale to manufacturing customers.
Click here to view the SEC filings for HDII.
Click here to view the website for HDI Plastics.
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HDII stock is one to watch today and could be one of the biggest gaining penny stocks on the OTC. While the getting may look good to be gotten, HDII stock has about as long a life-span on this bull run as water does in a plastic bottle while enjoying the beach next weekend for Memorial Day. Go short and abort rather than go long and be wrong.
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