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Agreed, been stuck holding bag for years, never had the courage to offload the shares in the chance something would happen. Got a million shares in this turd I’ll ride the train until I can get close to getting my money back. Recently cashed out of another bs stock HAON with my original investment. Unbelievable what’s been transpiring as of late.
There’s some bored people with heavy cash that caught some uplifting news of no substance. This company is shit, pure and simple. Take the pump and run away.
I don’t trust this piece of shit company I’m glad my sell order triggered and able to walk away with something. Good luck guys
I'm definitely rooting for them to win. I get the feeling if the ship was sinking that Luis fellow would have abandoned by now, instead he seems to have the CBD business going with Findley now.
Soon as they got hit with that lawsuit, "Retailiom" came into existence, sounds like they're just rolling HOPP into another company, so that when they are forced to give up HOPP, it wont be anything but an empty shell.
They dont have much to share, they are cash strapped, accounts receivable is super slow, all money that does come in goes back into operations, and now they're considering a reverse split to cash out more shares.
Good question. I have a couple million shares up for sale, nobody has taken them off my hands yet. Not sure why there's a buying frenzy. Would like to get out and run from this one.
That was total fluff, they need cash, they're diluting shares every chance they get. They didn't buy a single share last quarter.
Wonderful, 700 million 2's on the ask
Well who would buy shares knowing full well it's just adding to the float? The company is living off our share purchases. They are broke and now they're selling weed to stay afloat.
Till otherwise proven this ticker is a massive joke.
Fact is they are financing the company by adding more shares to the market.
They have diluted billions of shares and bought back under 10 million shares in the process.
This company is BROKE
It's just to create hype that isn't real.
It's a fact, HAON will continue to dilute this thing. Even with the 3 million note they are in the hole.
It's official, more dilution coming, more lawsuits, not enough money to even buy a single share back.
"The accompanying financial statements have been prepared assuming the Company will continue as a going concern. At the balance sheet date, the Company has a stockholders’ deficiency and a deficit accumulated during the development stage. Management plans to issue more shares of common stock in order to raise funds.
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with United States generally accepted accounting principles. In the opinion of management, these financial statements include all adjustments necessary in order to make them not misleading."
NOTE 9 – LEGAL
July 25th, 2018 - Hopp Vs. Halitron – Nassau County Supreme Court – A lawsuit and countersuit was filed regarding the $700,000 Note Payable for the acquisition of Hopp Companies, Inc by Halitron Inc. with Robert Hopp. Hopp argues a default with a short pay of the Note Payable by Halitron, Halitron is arguing the value of the corporation was not accurate due to undisclosed expenses and liabilities that were incurred as of the close date but only surfaced months after the close.
August 21st, 2018 - Halitron Vs Capozzi – Relating to the above issue and transaction, Halitron, Inc. filed a lawsuit against a former employee for trespass and tortious interference with business relating to the employees and assets of Hopp Companies, Inc.
November 9th, 2018 - Halitron Vs. Life’s Time Capsule Services, Inc. – Clark County, Nevada Eight Judicial District Court – Halitron Inc. is suing to have the courts validate the $3M Note Payable between the two companies and the collection thereof.
During November of 2018, the Company was contacted by representatives of the United States Securities and Exchange Commission (the “SEC”) regarding an investigation of a number of allegations, including allegations involving the Company’s prior 3(a)(10) settlement agreements and prior transactions with Life’s Time Capsule Services, Inc. The Company retained counsel to communicate with the SEC, and the SEC indicated that the SEC would be sending the Company a subpoena, but no subpoena has been received as of the date hereof.
New update:
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=qX0maNc1SpeqOuJgqzBOGQ==
A Preliminary conference has been ordered
Definitely not, they are strapped for cash. They buy 2-5 million shares a quarter but dilute a few billion at the same time.
Pretty embarrassing.
Lots of hits today
I'm sure plenty of people want to bail at 2
Woof 1.2 billion on the ask at 2, thats like 3 months of volume here
They claim to have a 3 million dollar note from another company, that company denies any existence of it. When you take that away, the company is practically worthless.
HAON doesn't have the money to do any buy backs of significance. Only thing we can hope and pray for is that they don't lose their lawsuit to HOPP.
New Document posted, they are asking for documents from HOPP
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=Co6Q14dceLPC93HYJtohyg==
That's nice.
Halitron still has control of HOPP until a judge says so. If HOPP gets "repossessed" HAON is finished, they have no operations without HOPP.
The original founder of HOPP is suing to get his company back because HAON stiffed them on the 750k note; HAON only gave them 500k.
The Lawsuit was mentioned during the conference call, talking about the HOPP balance being due, but that they were pursuing reducing the 700k to 500k after all the undisclosed expenses that fell in their laps after buying the company.
From the FB page:
I dont believe that. This seems like something that will get resolved quicker.
HAON claims HOPP was only worth 200,000, despite paying 700,000 for it. They're having a nasty dispute about this, since HAON doesn't have the money to pay the full 700 (they paid 500 so far).
Lol pretty much. Until they quit diluting this isn't moving, ever.
Who the hell is paying up for shares in this stock? Glad I held on Lol, maybe I'll get $200 instead of $20 bucks.
Market Cap
1,307,341
08/29/2018
Authorized Shares
25,000,000,000
08/24/2018
Outstanding Shares
13,073,408,163
08/24/2018
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
11,796,351,953
08/24/2018
Yuck more and more dilution
Lol but wait we have a bid for 17 dollars now!
E-mailed HAON last week about this LTCP note being null and void, their response:
Dude, read the quarterly:
https://backend.otcmarkets.com/otcapi/company/financial-report/200548/content
LTCP is denying this 3 million dollar note exists. Time to RUN!
LTCP is showing $98 dollars in cash, how in the world are they going to pay HAON 3 million dollars!?
I interpreted it that way as well, I dont see how they can continue to dilute this stock without considering a split. Sounds like they have a lot of debt to clear thru, and the authorized share raise is going to be used for acquisitions, and turned into restricted shares.
Plus they still owe $200k on the HOPP acquisition, which they plan on taking legal action to reduce (skeletons in the closet that weren't disclosed before they took over HOPP). So they are definitely short on cash. I still feel this company should be valued higher compared to most other turds at 0001 but the dilution is probably the cause of it.