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HTEC SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72450.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72450-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72451.pdf
Bingo, i knew it would get some interest at some point.... Now let's see what happens...
They've got sales...we just don't know how much...
HYDRON
9843 18th Street N
Suite 150
St. Petersburg, FL 33716
1-800-4-HYDRON
http://www.Hydron.com
CustomerCare@Hydron.com
Business Hours: Order On-line 24 hours a day or call 1-800-4-HYDRON Mon-Fri 8:30am to 5pm Eastern
Weekend Blowout!
Everything Is On Sale!!!
Daily Facail Moisturizer- usually $28.50 on sale for $21.40
Fragile Eye Moisturizer- usually $24.00 on sale for $18.00
Moisture Balance Restorative Night Creme- usually $32 on sale for $24
Tri-Activating Skin Clarifier- usually $34.75 on sale for $26.00
Gentle Cleansing Creme- usually $16.50 on sale for $12.35
All Over Moisturizer Original OR Scented- usually $12.50 on sale for $9.35
DON'T MISS THE BIGGEST SALE OF THE YEAR! CHECK IT OUT AT WWW.HYDRON.COM
OR CALL US AT 1-800-449-3766
I'm already in HTEC, also check out VBRE, I'm in both... Just waiting for volume is all...
(HTEC) Board Updated, come check it out, and lets make this move
This is an easy 5-10 bagger wit ha lil momo, Only 11m Float and 19 mil issued and outstanding, company still operations Decreasing Losses Substantially and still marketing
S/S.......
Shares Outstanding.......19,621,176.....a/o Jun 30, 2010
Market Value................$60,826.....a/o Apr 29, 2011
FLOAT............E-trade)11,400,000.....Present
Shareholders of Record........1,025.....a/o Jan 13, 2010
Key Stats (10-Q)
The Company had a net loss from continuing operations of $61,484 for the nine months ended June 30, 2010, representing a decrease of $603,073 or 91% from the net loss of $664,557 for the nine months ended June 30, 2009, primarily as a result of the factors discussed above.
Loss on impairment of investment for the nine months ended June 30, 2010 was $0 compared to $264,020 the nine months ended June 30, 2009. This loss is created from a 50% reserve being taken on the investment in the joint venture.
The Company holds U.S. and international patents on, what management believes is, the only known cosmetically acceptable method to suspend the Hydron polymer in a stable emulsion for use in personal care/cosmetic products. The Company also developed other personal care/cosmetic products for consumers using its patented technology.
Some Extensive Scanning Led me here, The Only ? i have is, Does the Joint Venture still trade under (HTEC) as Brand Builders is a private company
Hmmm, Someone is showing you some attention (HTEC), Wonder if this is going to do something, Go ahead and put me in the green.
Yeah I see what you mean. I have others on watch that are similar like this stock. In january I saw one that had 1,350,000 shares authorized and it was at .0013 but I forget the name cuz my computer crashed and all my history got erased. oh well.
Don't have the exact float, I can call my broker and see what it is, and also make sure the o/s count is accurate, I missed out on emge when it was sitting at a penny and someone bought $57 bucks worth and it went straight to .25, I have my eyes on 2 others that is kinda dormant right now but it won't fill my order on those either, i like to find plays before the bulk of the crowd gets in, since that's all they do is buy it sit on it then when it starts to trend they sell it off. Only been lucky enough since i'd started to play around with picks like these one time and that was egoh, got in at .0091 and 4 days later it spiked and i was out running an errand but still got to sell at .095 that was my best gain ever on any stock turned $150 into over $1600, that was extreme luck and probably once in a lifetime find to say the least, also i seen where MZTA had this week a spike after a $37 dollar purchase and shot it to .10 it was at .01... Only bad thing about playing with picks like these is it may have to sit for awhile then one day all of a sudden volume and sometimes a spike, that's why i just take a small position at first, right now HTEC is the only one i'm sittin on...
Well from their last 10-Q
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7412175
S/S
A/S: 30,000,000
O/S: 19,621,176
You got the float #?
but here the A/S is at 35 million.
http://investorshub.advfn.com/boards/edit_msg.aspx?message_id=60558416
No, I bought last week and i can't get filled @ .004 for past 2 days...
are you the one buying today?
HTEC, Sub-penny, Super Low Float, Chart trending up, I'm in at these prices and I won't be chasing later, definitely gonna hop in before volume, news, and a pump comes along. Anyone else wanna join me, it's only a matter of time before this pops....
does anyone know what happened to the last CEO?
does anyone one know what was the deal why the old CEO left the joint venture and who is running it now is it VC ?
VC is surpossed to be doing the sales and where VC is JG is
with those two and the company history it last CEO I would be hesitant to get into it
good luck
Got a few at .025. R U
sure about the JG and VC connection?
did you get some?
has anyone called the company to see what is going on?
it looks like the new guys JG and VC and company are at work watch out
look at the history of MIRA
Gonna get a few in the morning.Somethings going on.
Any body out ther that can see any reason for the stock to jump to.10
who is making the stock go up slowly and in small trades?
Where are you?
are you with JG and helping VC build the stock?
did you hear anything about a new head of the company?
did you guys read the 10q?
what do you think?
is there still a play here?
I really don't no. But i don't see too much risk in putting some shares away considering the stock has had no releases , yet 1 or 2 good releases could get a nice pop. IMO
sorry about the spelling I as in a hurry.
Some thing is in the wind does anyone have any ideas as to what's up?
Mrs T is JG's buddy involved?
Is there a turn around in the works?
is it time to buy in?
SCHOOL have you been there? LMFAO
You mst be very close to JG if know anything aboout this company
Are yo relay a MRS or are you hiding behind the persona?
This comapny needs sales and nothing else it has been held back for too long
I hope so. It is a great company ,there margins are also great, but they need to get there sales up a bit. I think the company is looking for someone to buy the company. There need for additional funding is essential to the company's future success. IMO
they have cleared out the old and hopefully coming in wth a new sales team
what do you know and how did you hear that?
we hear a buddy of jg is going to be involved with this company does this mean JG is getting into the deal?
looks like something is happening
fist time in a year that the stock traded in any quanity
i guess good news comming
This is very thin. 100,000 share will push this over .05. IMO
I think there need to be info posted to get more investors involved
has there been any any DD on this company?
who is buying this stock and why?
Is there something happening that we should know about?
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Personal Care Products, Skin and Hair Care, Body and Bath
Quality American Made Products
The Hydron Difference
Share Structure
A/S........30,000,000
O/S.......19,621,176 a/o August ,2010
Float.....11,632,000
PAR VALUE... 0.01
Name and Address of |
| Amount and Nature of |
| Approximate |
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Beneficial Owner |
| Beneficial Ownership |
| Percent of Class |
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Richard Banakus |
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| 3,594,300 | 1 |
| 17.53 | % |
Karen Gray |
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| 116,000 | 2 |
| 1.0 | % |
Ronald J. Saul |
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| 6,838,536 | 3 |
| 30.77 | % |
David Pollock |
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| 1,000,000 | 4 |
| 5.10 | % |
Donna Murphy |
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| 271,600 | 5 |
| 1.38 | % |
All directors and executive |
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officers as a group (5 persons) |
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| 11,548,836 | 6 |
| 49.77 | % |
Hydron Technologies, Inc. (“the Company”), a New York corporation organized on January 30, 1948, maintains its principal office in St. Petersburg, Florida.
Through September 30, 2008, Hydron Technologies, Inc. marketed a broad range of cosmetic and oral health care products, many using a moisture-attracting ingredient (the “Hydron® polymer”) and a topical delivery system for active ingredients including pharmaceuticals. The Company holds U.S. and international patents on, what management believes is, the only known cosmetically acceptable method to suspend the Hydron polymer in a stable emulsion for use in personal care/cosmetic products. The Company also developed other personal care/cosmetic products for consumers using its patented technology.
The Company has also developed a super-oxygenation technology for which it was granted a patent in November 2003. This patent covers the process of applying a liquid, containing pure oxygen micro-bubbles to the surface of the skin such that the oxygen penetrates the skin and oxygenates the underlying tissue. On January 10, 2005, the Company attended a Pre-Investigational Device Exemption meeting with the FDA in the belief that a clear pathway for safety and clinical research requirements could be determined at that time; however, a defined methodology could not be agreed upon. As a result of that meeting, and in consideration of the Company’s limited working capital, management decided to refocus its efforts on non-medical technologies. The Company continues to believe that its tissue oxygenation technology has significant potential.
On November 11, 2008, the Company entered into certain agreements with Brand Builders International, LLC, a Delaware limited liability company (“Harezi”) effective October 1, 2008, relating to a joint venture between the Company and Harezi to be formed as Brand Builders Rx, LLC, a Delaware limited liability company (the “Joint Venture”). The Joint Venture was formed for the purpose of designing, marketing, selling, and managing certain technologies and products including, but not limited to, those contributed by the Company.
Brand Builders International was founded by Ilonka Harezi, the driving force behind Teslar Technology and the Philip Stein Teslar watches. The new Joint Venture, was intended to combine the expertise of the two entities for the re-positioning and re-launching of the Hydron named brands, utilizing the marketing and distribution expertise of Ilonka Harezi, her success with the Teslar brand and her Brand Builders International team.
During the past several years the Company has attempted to expand its sales through various marketing efforts. The Company was unable to finance these marketing initiatives from internally generated cash flow alone and when required, raised the needed capital through a number of private placements in its effort to remain solvent. Up to and through 2008, the negative cash position became critical and the Company’s Board of Directors weighed a wide variety of alternatives, including bankruptcy, assignment for the benefit of creditors, the selling of assets and/or potential mergers with other parties. Only the merger option was deemed to provide any potential benefit to existing shareholders.
The Company began discussions with Ilonka Harezi and one other interested prospective investor during the first calendar quarter of 2008. Because of the limited financial resources of the Company, the Company was unable to engage an outside placement agent and instead relied on leads obtained from the officers and directors of the Company. These discussions failed because, at that time the Company’s balance sheet and substantially negative cash flow were significant liabilities that offset the potential value the Company would contribute to a merger. A subsequent discussion with another potential merger partner failed for similar reasons.
As conditions deteriorated, the Company was faced with the possibility of immediate bankruptcy, which would have effectively eliminated all shareholder equity.
The Company’s Board of Directors sought ways to quickly and decisively protect shareholder value. Talks were reopened with Ms. Harezi and initial terms to create a 50/50% LLC were agreed upon in principle.
Hydron Technologies, Inc
Notes to Consolidated Financial Statements (unaudited)
June 30, 2010 and 2009
Assets assigned to the joint venture consisted of the following:
Trade accounts receivable | $ | (12,000 | ) |
Inventories |
| 457,601 |
|
Prepaid expenses |
| 19,737 |
|
Property and equipment, net |
| 108,036 |
|
Intangible assets, net |
| 128,359 |
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Deposits |
| 5,699 |
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Accounts Payable |
| (72,252 | ) |
Deferred revenues |
| (65,247 |
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Accrued liabilities |
| (27,998 | ) |
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| 541,935 |
|
Loss on discontinued assets |
| (51,632 | ) |
Assets assigned to joint venture |
| 490,303 |
|
Cash contributed |
| 200,000 |
|
Investment in joint venture | $ | 690,303 |
The Company had a net loss from continuing operations of $61,484 for the nine months ended June 30, 2010, representing a decrease of $603,073 or 91% from the net loss of $664,557 for the nine months ended June 30, 2009, primarily as a result of the factors discussed above.
The Company had a net loss from discontinuing operations of $0 for the nine months ended June 30, 2010, representing a decrease of $51,632 or 100% compared to $51,632 for the nine months ended June 30, 2009. This decrease was due to the Company discontinuing operations due to the formation of the joint venture.
PER 10-K
The 2003 Stock Plan was approved at the November 15, 2004 shareholders’ meeting. The aggregate number of shares that may be issued under the Plan cannot exceed 15% of the total outstanding shares. As of September 30, 2009, the number of Securities for future issuance under the 2003 Stock Plan was 2,363,176 and 159,100 for all previous plans
Hydron Continuing Operations
The Company’s continuing operations include:
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| 1. | Its 50% investment in the Joint Venture |
| 2. | Its ownership and licensing of its patented intellectual property |
| 3. | Its majority ownership of the Partnership |
Listed below are the directors and executive officers of the Company as of September 30, 2009:
Richard Banakus, age 63, has served as Chairman, Interim President and a director of the Company since June 1995 and as Interim President of the Company since September 19, 1997. From April 1991 to the present, Mr. Banakus has been a private investor with interests in a number of privately and publicly held companies. From July 1988 through March 1991, he was managing partner of Banyan Securities, Larkspur, California, a securities brokerage firm that he founded.
Karen Gray, age 51, has served as a director of the Company from December 1997 to October 23, 2009. On October 23, 2009 Ms. Gray notified the Company’s board of directors of her decision to resign from the board of directors due to her decision to travel extensively. She was a consultant to the Company on marketing and communications matters from November 1996 to December 1999. Ms. Gray has over 17 years of management experience in marketing communications in various capacities with various companies. From 1993 to November 1996, Ms. Gray served as Vice President, Corporate Communications, of the Company. From June 1992 to November 1993, Ms. Gray served as President of MarCom Associates, Inc., a marketing communications company that she founded.(resigned)
Ronald J. Saul, age 62, has served as a director of the company since January 2003. From September 1992 to the present, Mr. Saul has been a financial consultant. From October 1985 through August 1992, Mr. Saul was the Treasurer and Vice President of National Intergroup, a multi company holding company. From November 1970 to September 1985, Mr. Saul held various accounting and financial positions with National Intergroup Inc. and its predecessor company, National Steel Corporation.
Donna M. Murphy, age 48, has served as a director of the company since January, 2009. Ms Murphy is a principal of Decern, Inc., the information networking company behind the Who Do I Use? product. From 2005 to 2008, Ms. Murphy worked in local and global workforce development as Managing Director of the Adecco Institute, a global think tank that studied global workforce trends, and Chief of Staff for the Massachusetts Department of Workforce Development. From 1987 to 2005, Ms Murphy worked in senior management positions for ITT (Chief Operating Officer of ITT New Media), 3Com (Vice President of Asia Pacific IT) and Decern, Inc (Managing Director).
Regis J. Synan, age 55 , has served as a director of the Company since October 23, 2009. Mr. Synan is the owner of a small Industrial Manufacturing firm in Pittsburgh, Pa. He is very active in his local community by serving on various Boards of non profit organizations.
There are no family relationship between any of the executive officers and directors. Each director is elected at our annual meeting of stockholders and holds office until the next annual meeting of stockholders, or until his successor is elected and qualified
Testimonials
This is a picture of myself and my 12 year old granddaughter, Taitum, on my wedding day 5 months ago. August 29,2010.(I have three children and 9 grandchildren) I am 57 years old and have been using Hydron since my late 30's.I had tried just about every face product on the market when I finally discovered Hydron. My skin felt amazing and there was no turning back.There are no other products on the market like Hydron. I always have people ask what I use. And when I was 50 I was carded in a bar!! Hydron delivers on their promises.In the body care, my favorite product is the Botanical Body Mist. It leaves you smooth and the scent is one that has people asking you "what are you wearing?".
Everyone I meet asks what I use for skin care, from age 32 on & on & on & on. Always the question "How old are you"? Since I don't think chronologically; dwelling on age .is not in my nature. LIVE, LOVE, LAUGH. Under the light in a dental office I've been asked what I use. My answer is rather simplistic. "I've used Hydron products religiously for over 20 years. They started it, and copy cats (hydro, this that & the other) can't cut it. Since moisture is most important for your skin, there is no better in my estimation, than Hydron. Their products are incredible. I tried all of them in the beginning, then settled on what I liked best for my skin. Even my neck looks Great! When I recommend, I do tell people to use to cover, not slather, and you'll look great. It really does adjust to all skin types. They don't force you to buy as others do (hate that), Do yourself the biggest favor and keep using it; the rewards will be yours.
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