Thursday, October 12, 2006

HyperFeed Technologies "perilous financial decline"

Talk about honest. HyperFeed Technologies, which has been trading between 60 cents and $1.05 over the last three months, announced a merger with Exegy Incorporated that will cash out shareholders at $1 a share. In the SEC filing, the company decided this was the best course of action "because of the Company’s perilous financial decline". I think I'll pass on this one.

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