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$HPNN: Hop-on CEO Negotiates $7 Million Reduction in Debt
Date : 04/30/2014 @ 2:35PM
Source : Marketwired
Stock : Hop-on, Inc. (PC) (HPNN)
Hop-on CEO Negotiates $7 Million Reduction in Debt
100% Long Term Liabilities Reclassified as Paid in Capital
TEMECULA, CA--(Marketwired - Apr 30, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) is pleased to announce that today it has received executed Debt Exchange Agreements from two major debt holders. The reduction in debt with these Debt Exchange Agreements will be $7,162,000.00. This means there will be no dilution of shareholders from debt conversions for over a year and a positive $7.1 million paid in capital on the balance sheet.
These Debt Exchange Agreements remove $7,162,000 in debt from Hop-on's balance sheet. Not only will the long term debt be removed from the balance sheet, but the conversion to preferred equity provides a boost to the stockholders' equity portion of the balance sheet, and this amount can now be booked as additional paid in capital. This positive financial move will be reflected in the next financial statement filed by the company.
Peter Michaels, Hop-on CEO, stated, "As promised, Hop-on is not diluting the current shareholders. Further, there is no reverse split on the horizon. The debt could have been converted into common shares that would dilute the shareholders' positions. However, these agreements stipulated the preferred shares must be held for at least one year. This is positive for current and future shareholders, as the value of their investment should not be diluted, adding value to their commitment to Hop-on. These agreement prepare Hop-on's balance sheet for significant increase in stockholders' equity moving forward."
About Hop-on, Inc.
Hop-on, Inc. is a global ODM and OEM manufacturer of electronics, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. Hop-on is also diversified in nutraceutical and cannabinoid technologies through its subsidiary Re-Medical, Inc. For more information, please visit www.hop-on.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
For additional information, please contact
Shareholder Services
(949) 756-9008
- Go HPNN
$UNQT: Union Equity Inc. Announces Purchase of Bio Medical Inc.
Date : 05/23/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PC) (UNQT)
Union Equity Inc. Announces Purchase of Bio Medical Inc.
INDIANAPOLIS, IN--(Marketwired - May 23, 2014) - Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) is pleased to announce that through its wholly-owned subsidiary, Union Equity Investments, Inc., has purchased Bio Medical Inc. for shares of restricted stock of Union Equity Inc. and $7500.00 in cash, which is already paid in full, per an agreement dated and signed on December 10, 2012. Bio Medical holds interest in a medical marijuana company. Bio Medical Inc. is confident, although it is actively being disputed by the medical marijuana company, that the shares of preferred stock it holds in the medical marijuana company are valid. It is determined to protect such rights.
CEO JT Thornburg reiterates, "Neither Union Equity Inc., nor any subsidiary of Union Equity will sell, purchase, or participate in any operations of a medical marijuana company unless it firmly believes that such actions are completely and unquestionably legal on all fronts."
Contact:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com
Website: http://www.unionequityinc.com
- Go UNQT
$DSCR: Discovery Minerals Provides Shareholder Update on Hemp Growing
Date : 04/25/2014 @ 11:30AM
Source : Marketwired
Stock : Discovery Minerals Ltd. (PC) (DSCR)
Discovery Minerals Provides Shareholder Update on Hemp Growing
RENO, NV--(Marketwired - Apr 25, 2014) - Discovery Minerals Ltd. (OTC Pink: DSCR) (PINKSHEETS: DSCR) is pleased to update shareholders regarding the anticipated Company's filing of an industrial Hemp License with Health Canada.
Through the company's joint venture corporation with Syngar Technologies Inc., the application to cultivate and process Industrial Hemp fiber and grain (seed) for the upcoming 2014 season is near completion.
The application's submission to Health Canada is awaiting the return of the executed consent agreements from the joint venture growing partners; the committed cultivatable land of the joint venture partners is anticipated to be in excess of 200 acres.
The company expects this application to be submitted by month`s end. In addition, the Company is pursuing an aggressive revenue generation strategy by offering sub Licences to their Syngar technology throughout Canada and the United States to interested parties. Prospective Hemp and Cannabis growers/processors throughout Canada and the United States can now capitalize on the opportunity to implement an environmentally conscious and sustainable addition to their business model which can result in the complete plant material being utilized.
About Discovery Minerals Limited: Discovery Minerals Ltd. (OTC Pink: DSCR) (PINKSHEETS: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
At: info@discoveryminerals.com
- Go DSCR
CHTR breakout, moving nicely here!
BCON should be a good play next several weeks
BCON broke it's downtrend yesterday on substantial volume. Looking for a major run on this one.
Hi peeps, anyone have a link for pending or for R/M's in general ?? tks
Florida?
Dam
I was planning on getting a ride fron the Toledo airport to the Port Clinton Ferry this summer
hahah
Thanks for the update. Hoping to get back to serious trading the 1st of April. I own short term UHCR doing OK and bought on and off NHYF. Think NHYF may run when PR on putting food in Target, still undiscovered by the Ihub masses. SGGC treading water, wait and see mode. SWVC it will either move in the next 2 weeks or the ballgames over.
Good trading.
Whilst you were gone
Etrade ETFC took a nice dip on Monday, I got a bunch
EJXR had big volume on Monday
half million sold (one trade) and a half million bought
Hemi is still just sitting waiting for news
seems to have stableized
Still holding RLTR
Yep, thinking of moving to West Palm Beach ,condo. I will know in a week. They except my offer or they don't.
The Lion is back home?
I invested in Blackjack all last week in Nevada
Keep an eye on NHYF, when Target deal gets announced may get a little run.
There are still 102 boardmarks, so come on guys and gals bring your hot picks to share and help us all make some money.
Good Trading to All.
Loaded w/10000 ESLR shrs. @ avg. 8.91
hmmm i am diggin this chart....might have to jump in...GLTA
Me neither, just started again. Starting out slow.
Hoping for March winners. SWVC, NHYF, SGGC. HCFE still on watch. Have to make up some money I am losing on UHCR going to hold for dividend then decide what to do on this one. Good trading to All
I have not been playing much
I am betting .005 by Friday. Love to gamble, LOL
i agree 100% JCDS,GRXI and JUNI and HCPC in play next weeks
OVERLAND PARK, Kan., Feb. 12 /PRNewswire-FirstCall/ -- EnerJex Resources, Inc. (OTC Bulletin Board: EJXR) today announced that it will host an investor conference call to discuss its operating results for the third quarter ended December 31, 2007 at 9:30 a.m. Central Time (CST) on Friday, February 15, 2008. EnerJex plans to file its Form 10-QSB to report its third quarter operating results on Thursday, February 14.
Stockholders and other interested parties may participate in the conference call by dialing 888-562-3356 (international participants dial 973-582-2700) and referencing the conference ID 34591619, a few minutes before 9:30 a.m. CST on February 15, 2008. A replay of the call will be available for an additional 30 days by dialing 800-642-1687 (international callers dial 706-645-9291), and entering the conference ID 34591619.
About EnerJex Resources, Inc.
EnerJex is an oil and natural gas acquisition, exploration and development company. Operations, conducted through its wholly owned operating subsidiaries, are focused on the mid-continent region of the United States. EnerJex acquires oil and natural gas assets that have existing production and cash flows.
Once acquired, EnerJex implements an exploration and development program to accelerate the recovery of the existing oil and natural gas reserves as well as to explore for additional reserves.
More information on EnerJex and its operations can be found on its website: http://www.EnerJexResources.com.
SOURCE EnerJex Resources, Inc.
Hello Wall Street gents,
been a while since i played these pinkie tables but was a tad inspired tonight :)
think SPZI and CBPC lookin' kinda interesting and could be getting ready to turn
.<font color=green>**ALERT TO THE BOARD***
I have moved most of my posting and activities to a new board.. I will still keep this one active..(since its WALL STREET :)
but will not be as active as before...if you are interested in joining my new board please click the link below..we started a new big board contest and so far we are picking up so amazing runners! check it out IMO :) cheers
http://investorshub.advfn.com/boards/board.asp?board_id=11771
CPST great CC today, best quarter since going public. Should be a nice mover tomorrow.
NUBV up 30% Nice way to start a Monday.
Big volume on NUBV. I kept half hoping for a bit of a run next week. I can not lose either way it goes.
Just got home from my trip. Really lucked out on ACUP. They did a 9000:1 RS. I see my lotto play is doing OK. Got me almost a double.
Now lets get SWVC and UHCR moving.
DPDW put their cameras back up that give u 6 different angles on the job site.
big news for DPDW today late in the day as well and the stock didn't have enough time to react.
WATCH THIS ONE FOR TOMORROW!
RVGD makin a nice move on HONDA RIDGELINE news
yup got fill some!
Gordon, have you picked up any RVGD @.005 yet. Just wondered if anyone has gotten filled at that price yet ?
yes but too late maybe
lol did u see NYNY???? :O
actually it's not looking good now
AMAZING CALL LIONS!!!
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