help, page-8

My comments on ION are applicable to HWE, though I doubt HWE is in quite such bad shape as ION (mainly because HWE has much more cash and apparently less of a cash outflow).

With HWE's amount of debt it's crucial that the company be able to service debts. Debts are paid with cashflows, not profit.

Key signals of a turnaround would be (1) Director buying (2) uptrending stockprice (3) recovery in profits and cashflows. HWE may never turnaround; if it does then it will not happen for a while and there will be plenty of opportunity to buy in with upside.

"Don't catch the falling knife"