$IHSN: Fact or Fiction?
May 4th, 2010 at 1:23 pm Posted by
Innovative Health Sciences, Inc. (OTC: IHSN.PK) is reportedly “focused on acquiring companies that are leaders in their respective market niches and have the potential for additional upside.”
However, by the looks of their press release at 1:00 pm EST, it looks they $IHSN will be acquired.
That’s right. $IHSN announced the company had a special meeting to discuss a letter on intent to purchase 100% of the company’s outstanding shares.
From what The Dean gathers, this letter of intent was received last Thursday and is still being reviewed. Although “the Board has come to no conclusions, the final consensus was very favorable.”
The bigger news in this press release is that this offer is reportedly higher than the stock’s 52-week high of $0.35 per share. The Dean also noticed that no anticipated deadline or date was mentioned in the release.
Of course, The Dean always tells his students to be a little skeptical and do their own homework. In the case of $IHSN, the stock is trading around $0.043 so, if this offer is higher than $0.35 per share, investors at this level could make at least 900%.
In other Fact or Fiction news, $THRR at least named a buyer earlier today.
