Jan 13 2010
Hard to Treat Diseases, Inc. (HTDS; www.htdsmedical.com) announced that its directors have resolved that up to 40,000,000 shares of Hiru Corporation (HIRU.PK) HTDS received for the sale of its MindUp division to Hiru will be distributed to HTDS shareholder as a special onetime payment of kind.
Terry Yuan, HTDS President, said, "In our efforts to maximize shareholder value, we believe that the distribution of the Hiru shares will benefit our shareholders." The Hiru stock will be distributed to shareholders of record on a date to be set by the company in consultation with FINRA. The Hiru shares will be restricted and not immediately freely tradable. HTDS shareholders holding HTDS on the record date will not be required to take any action to receive the Hiru common shares on the distribution date. Consummation of the special onetime distribution is subject to the approval of FINRA.
In other company news and events, the company continues to work with Pink Sheets who is not a registered SRO to have the toon type skull and bones icon removed from HTDS quote. (SRO see http://en.wikipedia.org/wiki/Self-regulatory_organization) The company management feels that Pink Sheets should remain neutral and not punish any company with the "traffic signals" once the company has identified a naked short seller publicly or when the company issues a forward guidance report to its shareholders. Now, it appears that finally FINRA is taking notice of Pink Sheets actions on many levels http://www.sec.gov/rules/sro/finra/2009/34-60999.pdf. The company disagrees with many assertions made by Pink Sheets as self serving http://brokeandbroker.com/images/PinkSheetProp.pdf
The company will shortly order a NOBO list and a DTC Run from its transfer agent to establish where and how some market makers continue to offer HTDS stock for sale and what instruments are being used to hedge these sales. The company repeats again that its security is grossly undervalued and places a valuation on its share price in the several penny price range. The company vows to do all it can to see these values returned to its shareholder base.
All of this comes on a heel of the company signing major contracts Internationally, a 1 time special distribution and some previously announced pending contracts, including possible merger discussion with a USA based nutrient replenishing company in a Health Care, Surgical Wound Healing Trauma Victims Diabetics sector.