Back to HLBC soon.
Yeh, the old dreaded E should be removed today or tomorrow and we're back to fully "compliant" status.
I don't know all the details but there are several transactions in the wind that caused the accountants to want to reassess some older assets........for future divesting, spin-off, whatever.
I think one of the big issues might have been the accounting Reserve for the My Horizon revenue stream that presently is being classified as a "liability" or "reserve" for losses of 2.9MM....
a big hit accounting wise.....but the revenue stream was scheduled to start from Jardin sales the first of 2012 and IMO there is some negotiating going on with that schedule.......but the revenue stream will still be forthcoming.
The split is still several days away as FINRA is still examining future "energy" transactions that haven't been announced , but that I think will be very positive for the company.
The recent selling has not been related to the fundementals of the company but related to shareholders who acquired cheap shares way back and were recently eligible to cash out. That selling should really ease up if these new PRs are strong and the stock will respond.
I think some of these cheap sellers will be sadly chagrined.
So, did we buy the dips? Ha. I hope so.
There has been a recent transaction and filing with SEC that may really affect HLBC in the future.......but I'm not sure.....just connecting the dots.....AND TRYING TO BUY SOME SHARES THERE CHEAP.
I'll let you all find it..........and then we'll share.
That's it for a few more hours.
Buy the dips!