Harbor Island Development Corp (OTC:HIDC) Takes A Step Back

6HIDCchart.pngThings around harbor Island Development Corp. (OTC:HIDC) have began to calm down. For the most part they managed to remain at the high levels of the previous session. The drop of 9% is not something cringeworthy bearing in mind that more than 75 million shares were traded.

Trying to keep the momentum going were two press releases, one of which published some hours ago. HIDC have managed to sign an exclusive print marketing agreement with “ChopYourCarPayment.com”.The latter trying to enter the newly emerging auto-refinancing market. HIDC, through their wholly owned subsidiary BrandSeed Media Services LLC, expects to receive approximately $250 per loan originated through BrandSeed’s marketing campaigns. The potential of this idea is certainly there as more and more people are trying to better manage their loans and finances and are actively looking for ways to lower their interest rates.

The other major announcement is also the one that the pumpers used for their promotional emails. On April 15 HIDC signed a print marketing agreement with Merlin Technologies, the manufacturer of GeeWhiz®, a patented incontinence device. Apparently what made this product important is the endorsement it received from William Shatner. A name like this is a perfect bait to attract traders and the newsletters know it well.

9HIDClogo.jpgFor now lets leave all the PR articles about HIDC alone and look at their business activities. On April 4 HIDC acquired the rights to a proprietary software from another company named BrandSeed Inc. Exactly as we thought there actually isn’t such an entity in existence and yesterday HIDC filed an amendment with OTCMarkets to put the correct name – BRANDSEED GROUP, LLC. Curiously enough the CEO of both companies is one and the same – Mr. Chuck Anton. So not only did he initially forget the correct name of one of the companies he manages, but he also made a deal with himself.

As we mentioned earlier both Select Penny Stocks and Penny Stock Heroes are continuing their pump efforts. Currently they are trying to convince investors that HIDC is almost guaranteed to reach $0.20. Seeing as they are now priced around $0.04, that is one bold statement.

We can’t deny that a 500% jump is in fact possible but for that to happen investors will require something more substantial from HIDC. The ticker is poised to go either way dependent on the effect of the next press release so before believing any grandiose predictions of the future be sure to do your own due diligence.

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