It is in the plans for HTDS to sell its MindUp BioResearch division to a large modern herbal medicine company in China.
Terry Yuan, the CEO of HTDS, said, "We are trying to keep HTDS' core values in tact and selling off MindUp is one of the things we want to do. That was always our mandate from day one, when Slavica BioChem began developing the MindUp project. Our Slavica BioChem has done a wonderful job. They completely developed the MindUp project from scratch and created value in this project for all the shareholders. They continue with exciting medical developments for HTDS which will be announced in due time. This sale will accomplish several things. One is the return of values to our shareholders in a form of a onetime distribution. Secondly the distribution will require accounting in "streets name" whereby the excessive short position, or "oversold" positions, which we have been battling all year long; will be reined in or at least temporarily forcing shorts to cover, if nothing else.”
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