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;) Jumpman, Jumpman, Jumpman, them boys up to something
Uh uh, uh uh, think I need some Robitussin
Way too many questions you must think I trust you
I do NOT!! I only trust myself!! $$$$
$$$$HIITQ. Ask "loveyourneighbor" who the #1 Stock Caller on ihub is?
It's almost time IMO ;) could be "...."
You're close! "IMO" I believe I have solved this!! I'll be buying all
Week. Hope I have enough time!! I do the most "DD" of anyone I know and I see what's about to happen!! Wait till I bring the troops! I said it on the other recent stock. ;). You saw it went from .0030
To .07. ;). Watch this!! Duh!! Say I should of bought this under .02 and .03 867!! Can't wait for those pms like always!! You are very very lucky if you are around right now :)
$HIITQ
Im by know means a bankrupt expert and I could be reading it wrong but thats the way I see it...
well, that sucks don't it! lol.... I do not own... window shopping. I knew when I posted, some ihub lawyer would read through it, thanks for your help
Issuance of New Stock.
On the Effective Date, Reorganized HIIT shall (i) issue
to the Litigation Trustee warrants for 50,000 shares equal to a non-dilutable five percent (5%) of
New HIIT Common Stock, which shares shall be distributable to the holders of Allowed Claims
in Class 4 in accordance with the terms of Section 4.5 of the Plan; and (ii) issue 950,000 shares
of convertible participating and voting preferred stock with a dividend that will be specified in
Case 15-60070 Document 449-1 Filed in TXSB on 04/05/16 Page 26 of 82
26
McKool 1171978v2
the Plan Supplement, convertible into ninety-five percent (95%) of the New HIIT Common
Stock (the “New HIIT Preferred Convertible Stock”), which shares shall be distributed to the
DIP Agent for the benefit of the DIP Lenders in accordance with the terms of section 2.4(b) of
this Plan. While the warrants for 5% are non-dilutable, the shares, after issuance, are subject to
dilution as stock commonly is.
In reliance upon section 1145(a) of the Bankruptcy Code, the offer and/or issuance of the
New HIIT Common Stock and New HIIT Preferred Convertible Stock by Reorganized HIIT is
exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”),
and any equivalent securities law provisions under state law. The exemption from Securities Act
registration provided by section 1145(a) of the Bankruptcy Code (as well as any equivalent
securities law provisions under state law) also is available for the offer and/or issuance of
beneficial interests in the Litigation Trust in accordance with the Plan.
Cancellation of Existing Securities and Agreements.
Except for purposes of
evidencing a right to distributions under the Plan of the Litigation Trust Agreement, on the
Effective Date all the agreements and other documents evidencing the Claims or rights of any
holder of a Claim against the Debtors, including all Indentures and bonds, debentures, and notes
issued thereunder evidencing such Claims, all Note Claims, and any options or warrants to
purchase Equity Interests, or obligating the Debtors to issue, transfer, or sell Equity Interests or
any other capital stock of the Debtors, shall be cancelled and discharged. The Plan and
Confirmation Order will extinguish all issued and outstanding shares of stock and other Equity
Interests of Debtor HII Technologies, Inc
It looks to me that all of the original shares of the company will be cancelled and new shares will be issued with 95% held by lenders.. What am I missing?
Fantastic! I was just reading this as you replied. Thank you! Good days a'comin!
ghk
Settlement reached on one account that I can see. Look at previous posts
It appears HIIT could be coming back
Reorganization plan -->> http://cases.gcginc.com/hii/pdflib/472_60070.pdf
April 18th Compensation Settlement -->>
http://cases.gcginc.com/hii/pdflib/475_60070.pdf
April 15, 2016 -->> Hearing http://cases.gcginc.com/hii/pdflib/NoticeofCommencement.pdf
It's coming "IMO" ;) the "Q" about to fall off!
$HIITQ
Does anyone know how the April 15 reorganization hearing went? Man, this could get real good real fast!!
ghk
Oh man that would be HUGE! That Q gone, this thing blows up!
Interesting volume on a "Q" stock...I wonder if the "Q" is about to come off?? This thing goes kookoo if "that"
We're to happen ;). Hey ya never know...maybe soon with all this
Volume. My scanner has been going off on this one.
Looking like a solid base has formed, and seemed to move pretty easy with little buying pressure yesterday. Haven't seen news updates much, but with the right release, HIITQ looks like she could fly... Good luck
ghk
possible buyout from Houma , La , Duplantis Investment group , possible savior
hold on ....
This is not about Timothy Smith, it is about some guys that threw a little cash together and a lot of credit and went to work in the oil boom - problem is the boom is over and the bank owns everything that went to auction - I bet they made minimum payments on the equipment and skimmed all they could kicked back to some company to some oil company suprevisor's - if it goes belly up so what they don't care - would not surprise me if a buddy banker was involved also- seen it many times during the boom times over extended with no operating capitol.
That's why in the 80's when Saudi first wrecked our oil market over 50 banks in Texas folded up.
I smelled a rat when I first got in it and could not communicate with the company so I got out.No poster on ihub anything to do with HIIT's failure.
Why did the stock go up today? Is there still hope? eom.
So here's the worthless collection
we paid Hamilton 12 million U.S.
So our company got sunk for this crap!
Heartland I'll start the bidding at $500
http://www.hilcoind.com/libraries/hilco/cache/efd5ed06-60b1-8b97-87cf-564215e12d70.pdf
Something smells here and it aint oil.
I heard Arcie Palmer now works for the very bank
that he sent our reserve capital which flushed us
down the tubes.
Hmmm
The cost to buy HIIT shares on E-TRADE...... 25.00
The number of shares I bought..... Tens of thousands
The amount of money made from HIIT AUCTION 5,000,000
The way the BANK AND HIIT Knuckleheads Screwed Us "PRICELESS"
Hilco Industrial to Conduct Oilfield and Oil Well Support Equipment Auction
By
Published: Nov 2, 2015 2:55 p.m. ET
0
HOUSTON, Nov 02, 2015 (GLOBE NEWSWIRE via COMTEX) --
Hilco Industrial (www.hilcoind.com) announces it will hold a public online auction of the oilfield and oil well support assets of HII Technologies, Inc. HII, with operations in Texas, Oklahoma, Ohio and West Virginia, provided equipment and services to oil exploration and production companies operating horizontal drilling and hydraulic fracturing sites in the United States.
The assets to be offered at auction include flowback water transfer equipment, power generators, many makes and models of semi tractors and trailers, rock trucks, excavators, loaders, graders, and much more. The assets can be viewed by appointment at the following locations:
SE 79th, Oklahoma City, OK
3721 East Highway 158, Midland, TX, 79706
The online auction will take place November 13th – 18th, with the first lot closing Wednesday, November 18th at 11:00 AM (EST). The auction and sale process was approved by the United States Bankruptcy Court for the Southern District of Texas, Case No. 15-60070 (Jointly Administered), In re HII TECHNOLOGIES, INC., et al., and will be conducted pursuant to Section 363 of the United States Bankruptcy Code.
For additional auction information, lot catalogue, bidding requirements, and to register, please visit: www.hilcoind.com/hiitechnologies or contact:
Jody Bacque, SVP of Sales, jbacque@hilcoglobal.com or +1 616.420.1218
About Hilco Industrial:
Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.
About HII Technologies:
HII Technologies, Inc. was a Houston, Texas based, oilfield services company focused on frac water management, including water transfer and produced water flowback services, in the Southwest United States. The Company also provided emerging water-related Clean Tech cost-saving solutions to the industry. Read more at www.HIITinc.com.
So the bank according to some here who say screwed us
wants to preserve a worthless 20 million
NOL by restricting anyone's ability to buy or transfer
stock in HII.
What value does an NOL in the O&G biz have these days?
I'll start the bidding at 1 dollar do I hear 2?
"ORDERED that the relief granted in this Order is intended solely to permit the Debtors to protect, preserve and maximize the value of its NOLs and other tax attributes."
I wonder how much will be discovered about Timothy Smith and his involvement.
Is anyone interested in filing a lawsuit? I am thinking about initiating one just for discovery purposes. I want to know what really happened.
Damn bankruptcy!!!! So sad guys!!! I liked this company!!! Really thought I made a mistake selling out around 20 cents give or take but I would have never guessed this out come when i made the bet 2-3 years ago. Its sad man!
Only hope now is a dead cat bounce right before delisting! Sometimes it happens right before its removed will move up 1000%. A failed coal mine did that back in 2013. 0.001 went to 0.012 and there was BAXSQ which went from 0.003 to 2.7 cents but it was partially pumped then collapsed.
HIIT changed to HIITQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
I would've thunk it ! that's who. Like I said before BAD MANAGEMENT...BAD MANAGEMENT TEAM. POOR GAME PLAN.. Lots of other OIL SERVICE FIRMS made it.
FAREWELL to you all and good luck.
My last posting.. WHAT A JOKE OF A COMPANY. I HOPE THOSE WHO CHEATED OR MISLED INVESTORS..GETS WHAT THEY DESERVE IN THE ''END'' AND I MEAN THAT QUITE LITERALLY !!!
GLTA!
Whodda thunk it???
not unexpected, is it?
that means a BK coming?
HIITQ Tomorrow, per FINRA.
THIS STOCK IS DEAD.. DON'T LET THE SCANDALOUS WALL STREET traders..the MM'S or anyone else fool you. This stock is bankrupt ..DON'T INVEST YOUR MONEY IN IT.. iT WILL GO UP AND DOWN BETWEEN TWO CENTS AND ZERO...AND THAT'S MY TWO CENTS !!!
Oh! I thought you meant Chief Robbing Officer, CRO
I meant
CFO
Bank
CRO
So now the CEO MATT is a criminal?
Yes, it's worthless
You keep making faces at me....HIIT will just continue dropping lower and lower until we see that trip 0 realm.
Im not sure of anything
Im guessing
HIIT and its services were vital and first class
There was NOTHING wrong with AES, AQUA TEX and HAMILTON etc and POWER and SAFTEY
They could even have survived, but for CRIMINAL acts by CEO and BANK and CRO
If I ran any of the above, I would restart it all from scratch.....and grow
If they do and are public, IM IN!!!!!!!!!!!!!!!!!!!!!!!!!
That will be the ONLY way of making our money back
Looking real solid here guys. HIIT no doubt ready for an epic run.
But in what direction?
Next stop trip 0s????????
Lets see where the board takes this
I'll let you know as I know
Well you didn't really answer my question STLOGIC. Is there a case or not? Is someone filing a case? If so..just tell me how to sign on the dotted line.
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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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