Replies to post #23666 on Halitron Inc (HAON)

[bucks2pennies]

I am no dummy either but here I am. Not convinced (yet) that it was a mistake. I think the wheels of HAON is intent to make this debt go away. Once EROP accepts the shares, it DOES matter what the pps is. EROP sells the shares, NOT HAON.

The hard bargaining is at the table. How many shares for $X amount. Then the market determines what price the sale will be. HAON does not pay cash.
Cash is for EROP to attain via the sale of the agreed upon shares.

HAON is encouraging the price to rise AND the shares to be sold. Better that when it comes to negotiating the NEXT installment of shares. More value, less shares.

But it appears that the payment duration is short. How short, I would not even care to speculate on. Even with an A/S of 11B, you are not going to see that many shares issued (to EROP) in one lump. It will take time.

In the meantime, HAON pursues its business plan. Market upgrade, sale/spinoff of its current assets and exploration/obtaining new assets.

The removal of the EROP debt is a thorn in their side, no doubt. But not one that will take for ever to remove. Once completed, buy back will improve the strength of HAON pps. Until then, a pps plateau will develop from which longs will learn new meaning to LONG. 2018? sure.

[MIKEY501]

That explains this:

*** HAON 11-9-2017 A/S RAISED TO 11B SHARES ***

Must read:
HAON share buy back scam
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135813260

HAON - illegal use of the 3(a)(10) exemption
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135984317

[MIKEY501]

HAON 50M dump to the bid...looks like they are getting ready to cash out the billions of shares they got.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=136110533


EROP Capital was awarded $1,929,265.30 in free trading stock. That's a done deal. The court case is closed.

EROP Capital isn't invested in HAON. They will make $1,929,265.30 no matter what the HAON price is. It doesn't matter if they are selling stock at $.0003 or $.0001 or if they are selling stock after a reverse split months from now. The only thing that changes is how much stock it will take to cover that $1,929,265.30. At $.0003 it is 6.44 billion shares. At $.0002 it is 9.65 billion shares. At $.0001 its 19.3 billion shares.

It is no coincidence that the share buy back PR came the very next day after the EROP Capital/HAON settlement agreement was approved by the courts.... the same day that EROP Capital started getting its free trading stock. That's HAON's way of trying to find buyers for all those new shares being added to the float and to try to keep the share price as high as possible for as long as possible to minimize the damage the agreement will cause to the float.


HAON raised the authorized share count to 11 billion to make room for all the shares that EROS Capital will have to sell to make $1,929,265.30.


EROP Capital paid off $1,157,559.20 in expenses for HAON and got $1,929,265.30 worth of stock from HAON. (Well technically EROP Capital paid off $457,559.20 in legitimate expenses and EROP bought The HOPPS Companies for HAON for $700,000 in a pre-arranged cash transaction which is an illegal use of the 3(a)(10) exemption).

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135984317

Plus HAON gave EROP Capital 50,000,000 shares to cover the cost of the lawsuit. That's a great deal for EROP Capital. They are guaranteed to make $771,706.10 no matter what price HAON is trading at.


Not very good business by the HAON CEO to issue all that free trading stock for a company it couldn't afford to buy. Even after The HOPPS Companies acquisition, HAON is still drowning in debt and is stuck in a dilution death cycle. Maybe that is all The HOPPS Companies acquisition was is just something to try to get retail shareholders excited about so that retail investors will continue to buy shares off toxic financiers like EROP Capital in the open market.