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If any stock holders are interested we are joining a case against Heartland Bank for fraud. Please email me your name and contact information at 2013shad@gmail.com
The case surrounds Heartlands fraud on Hii that forced the bankruptcy.
HIITQ: BK PLAN effective. All shares cancelled.
http://otce.finra.org/DLDeletions
hey 867, PM me, or better yet, meet me on my board for a quick chat
http://investorshub.advfn.com/Cheep-picks-15282/
Bankrupt garbage
Time to load for next week here....
Told you last night something was next!! That I been buying ;). Me and one special friend were the "smartest" in the room! A top guy on ihub. ;). Weeeeeeeee. Once again I prove everyone wrong!!!!
LOL. Another great call by you LMAO.
iHub etiquette! Looking for a bounce here as it is very oversold now. $HIITQ
Certain pumpers have just disappeared. Don't even have the cajones to come back and admit they were dead wrong.
This thing has gone right down the dumper.
YUp! Looks back to the quads on this one too...
By Monday this should be delisted and halted.
Stay classy. You know what your PM's said to me. GL getting out of this pile of garbage.
Thanks Shannett. At least you are one of the normal people on these boards and realistic. What a joke they are. Lmfao Have a great weekend!! I'm out till Monday.
Agreed...but spinning bad news as a good thing is just plain wrong. Anyone who has ever played a "Q" stock knows that commons get wiped out. The approval of the reorg plan was NOT a good thing.
Still up to the individual IF you are buying or not IMO HIITQ
Yup...If there is a pump or move to be had it is usually a few weeks BEFORE the plan is approved...Not days.
Yes sir. This goose is cooked.
Lol. As you have proven on your last several plays, you have no clue what you're talking about. You will soon see.
Yup....Played plenty of Q stocks to know....Just a matter of when.....
Looks like the traders agree also.
If the plan was approved by the court it could take effect tomorrow. Hard to say...
any idea as to when this will take into effect?
Hope not too many got sucked into this garbage play...
All one needs to do is look at IFIXQ or UGHSQ to see what happens when a BK stock is cancelled.
You are correct. There was real, factual news. The Plan was approved. The Plan, however, will "extinguish all issued and outstanding shares of stock and other Equity Interests of Debtor HII Technologies, Inc".
That presents a bit of a problem for those holding the shares when the Plan goes into effect.
My momma don't like you and she likes everyone!!! Sound familiar guys?
$$HIITQ
Meaning that the current common shares may be cancelled as soon as tomorrow. You may be holding a bunch of worthless shares soon lol.
Real factual news about chapter 11 restructuring was released today!! And this is a pump? Hahahaha. Hahahaha
U are so Miserable in life. oopsie!! I just told uncle Harvey all the things you privately sent me. He is NOT happy. Geesh. I feel bad for u now
$HIITQ
Right on time with the April 15th court meeting. "5 days"
Later they put out an update/news. My "DD" was right on target!! I did my part!!! As always
Thanks for more shares at .01!!!
Word will spread!!! ;)
Agreed!!!! Let's get this
This will move right back up once these are chewed up. Someone is just dumping... Not much left
SMH. This is a good thing It appears....good luck. Im buying down here
Ha nice! Let's goooo!!
BOOOM!! The U.S. Bankruptcy Court for the Southern District of Texas approved the restructuring that allows HII to emerge as a non-public oilfield service company owned by its former secured and unsecured creditors. The reorganized HII will maintain oilfield service operations and assets without any legacy debt. The creditors will also receive distributions from a Litigation Trust. The Litigation Trust is being funded by former secured creditors of HII. Net Litigation Trust recoveries will pay 45 percent to unsecured creditors and 55 percent to secured lenders under the Debtor-in-possession lending facility. "We are pleased that the Court agreed with our evidence and confirmed this plan for the benefit of all creditors," said Loretta Cross, Chief Executive Officer of the Reorganized HII and a restructuring advisor from Stout, Risius, Ross, Inc. "This complex restructuring was highly litigated and required us to overcome objections to postpetition financing, objections to a sale proceeding, and finally a contested plan hearing. We are all glad to move on with HII's business." Andrew Buck, assistant director of Garden City Group, the official Balloting and Noticing Agent, determined that over 99 percent of the general unsecured debt voters had accepted the plan. The parties were represented by Hugh Ray III, Chris Johnson and Ben Hugon from McKool Smith, P.C. (for HII and affiliates) and Greg Carney of Indeglia and Carney, LLP (HII securities counsel); Mark Joachim and George Utlik from Arent Fox LLP and E. Lee Morris of Munsch, Hardt, Kopf and Harr, P.C. (for the post-bankruptcy lenders); Elizabeth M. Guffy and Steve Bryant of Locke Lord, LLP (for the Official Unsecured Creditor's Committee); John Sparacino of Vorys, Sater, Seymour and Pease LLP (for HII's CEO); and Joshua Wolfshohl of Porter Hedges LLP (for HII's Outside Directors). PRESS CONTACT:Loretta CrossChief Restructuring Officer+1.713.221.5141lcross@srr.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hii-technologies-confirms-chapter-11-plan-300254593.html SOURCE HII Technologies, Inc.
Omg!!!! NEWS OUT!!! Awesome news!!!
$HIITQ. Word will get out quickly!! Here we go!!!
Unsecured creditors get 45%
Nothing...you are absolutely correct. The current shares will simply disappear. Buying this now is an enormous risk.
No surprise there. Commons will be wiped out just like 99.9% of all BK plays.
Wiring in money now ;). Calm before the biggest storm of the century!!! Heheheheheheh
Will Prove once again!!!
I said it on the last ticker from this same range and repeated my buys right before I made them and it was at .018 like this and went over .05. My point is I'm buying HIITQ tomorrow and "hopefully" Thursday and Friday if it's not too late to get shares under .05. When "Q"
Drops off you saw what CACH* did a few weeks ago...watch what this does ;)
JUMPMAN JUMPMAN JUMPMAN
He's always up to something....;)
$HIITQ. Warning y'all again!!! I always do what I say as you have seen. Easy gifts. I buy on way up and
Smart ones follow me and make money. Duh!!!
Well I'll be buying. And who
Knows where this will go...I believe much higher than the last!!! Watch!!
Started today
What a time to be alive $$$
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IMPORTANT LINKS Company Website | Stock Transfer Agent Independent Auditors Company Securities Counsel |
CONTACT INFO Matt Flemming |
HII Technologies, Inc. is an oilfield services company serving the power, water, and safety markets with innovated solutions that are in high demand and used by exploration and production (E&P) companies. With over a decade of experience in the energy business, the company has established a solid track record as well as developed an extensive network of relationships with oil and gas E&P companies, energy consultants and advisors, vendors, suppliers, and strategic corporate partners. HII Technologies' power subsidiary, South Texas Power, provides portably onsite diesel and natural gas generators to E&P companies that are in remote areas and don't have ready access to a power grid. AES Water Solutions, the company's water transfer division, provides above ground temporary infrastructure to transfer millions of gallons of water needed in connection with hydro-fracing of oil and gas wells. HII Technologies' safety consulting business, AES Safety Services, helps E&P companies meet the increasing state and federal requirements for 24/7 safety personnel on site from the early stages of preparing for drilling to the final completion work. Management's relationships in the markets it operates is a key to the company's success. Matt Flemming, CEO of HII Technologies has twenty years' experience as CFO and CEO of high growth companies and ten years in oil and gas services and manufacturing markets. Brent Mulliniks, P.E., is a frac engineer by training and as President of AES Water Solutions brings significant experience and knowledge to the hydro-fracing water transfer business. Jason Cuevas, GM of South Texas Power, was previously GM of National Oilwell Varco Portable Power division in the heart of the Eagle Ford Shale in S. Texas. The company seeks differentiation of its operating divisions by accessing and acquiring technologies, as well as evaluating joint ventures, while successfully executing its organic growth strategy. Significant growth and profitability is projected by management as the company continues to meet the needs of the ever expanding energy marketplace. Leveraging an array of competitive strengths and deep expertise in the energy services business, HII Technologies is well positioned as one of the most dynamic oilfield service companies in the United States. |
AES Water Solutions - HIIT Subsidiary AES Water Solutions, a wholly owned subsidiary of HII Technologies, is headquartered in Houston, Texas. Currently, AES' primary focus is with nationally recognized E&P companies, operating in Texas and Oklahoma. AES' current customers are drilling and fracing crude and liquids-rich reservoirs that in many cases were not previously productive before current fracing technologies become available. Hydraulic fracturing requires on average 85,000 barrels of water per well. With this increased need for water in the "fracing" process, AES Water Solutions has invested in the best water transfer piping, pumps and equipment, and has focused on being one of the best service companies. AES has the ability to transfer water in areas across oil well locations as well as across the agriculture landscape from remote water sources where trucking is not cost effective. Water transfer piping is the more cost effective solution for approximately one-third of the drilling rigs, and is the more likely method the further north the drilling. AES is committed to protecting the environment through the use of its premium piping systems. | ||||||||||||||
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