HQ Sustainable Maritime Industries (fka HQSM)

[Ken_S]

I actually believe this is coming back. All of a sudden its not showing as a total loss in my etrade account.

[ThinkThinkThink]

After it is revoked, is it just game over? Do we have any chance?

[Renee]

HQSM revoked:

http://www.sec.gov/litigation/admin/2012/34-66775.pdf

[Ken_S]

I think something is going to happen. I just checked Yahoo and Bar Chart and they both still show HQSM as a strong buy.

[PC]

Is there something going on? Either someone is pumping and dumping or there is something positive going to happen.
would not buy until news!

[Ken_S]

Wish I brought at .02 or .03 as I see this having a decent year. Unfortunately I didn't buy till it was up to .05. If it comes back in 2012 and gains back 1/4 what it lost in 2011 I'll do ok. I really haven't done much DD on this but almost everywhere I've looked I've seen it as buy and strong buy.

[bell345]

Trading around .03.

Boy, once they hit the pink sheets it's usually the end.

[ErnieBilco]

Still stagnating with no word out of the company.

[ErnieBilco]

Just channeling back and forth, it doesn't know what it wants to do.

[ErnieBilco]

I think they have to prove themselves. I got some here as a long lotto.

[bUrRpPPP!]

Any hope here? At least the website is still working... http://www.hqfish.com/

[Matrix999]

I bought this years ago and haven't looked at it for a while. The last time I looked, it was around $2.00 giving me a 60% loss. I really thought it would recover some at that point.Wow, I can't believe it's down to .24. I guess I better keep my eye on this and hopefully get some of my money back.

Are these people crooks? Maybe skimming profits for their family.

.24 cents! holy moly!

[ErnieBilco]

Okay, here's the reason for the new low.... means someone has over-reacted to what has already been know... looking forward to some filings and get this thing off the greys.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8039197

[Mike17]

I dont like how I cannot see the bid or ask on HQSM. Am I the only one with tthis problem?

[ErnieBilco]

Got kicked off Amex - used to trade as HQS with a trading range $2.65 to $5.07....... its a good gamble for my money.

[Mike17]

This looks like something that just happened with SDTH. I will be watching this one VERY closely, gotta do some more research on it. But going from ~2.50 to ~.25 usually has a good bounce of about 300-400%.

[ErnieBilco]

Added on the retrace.

[ErnieBilco]

"Lillian's Healthy Gourmet" Meals "Certified Gluten Free"

Today : Monday 11 July 2011

HQ Sustainable Maritime Industries, Inc. (PINKSHEETS: HQSM) ("HQS" or the "Company"), a leader in the production and marketing of health products derived from marine based raw materials as well as Tilapia resulting from vertically integrated operations, today announced that its "Lillian's Healthy Gourmet" seafood meals are the first Seafood meals to be certified gluten free by "GFCO," the only gluten-free certification program in the world. A gluten-free diet is the only medically accepted treatment for celiac disease the related condition dermatitis herpetiformis, and wheat allergy. (See Wikipedia http://en.wikipedia.org/wiki/Gluten-free_diet)

HQ is committed to Healthy Living and "Lillian's Healthy Gourmet" products provide a healthy choice for customers on the go. A combination of all natural "gluten free" ingredients with healthy all-natural, rice and vegetables, accompanied by "gourmet sauces" provides a calorie-smart and convenient solution for today's health conscious consumers.

The Company offers a variety of over 10 gourmet seafood meals and garnished gourmet Tilapia products, including Lillian's Healthy Gourmet Sweet Chili Citrus, Orange Miso, Lemon Ginger, Orange Rosemary, and Cajun style Tilapia meals, as well as Lillian's Healthy Gourmet Gluten-Free Spicy Green Curry and Roasted Tomato Tilapia meals and seafood cakes. Lillian's Healthy Gourmet Garnished Tilapia also features marinated tilapia fillets in Moroccan, Singapore, Thai and Southwest flavors.

Norbert Sporns, HQ Sustainable's President and CEO, said, "This rollout exhibits our team's ability to continue to execute on our strategy to expand Lillian's Healthy Gourmet's consumer brand awareness and long-term distribution relationships in North America. Our management team remains intently focused on gaining market share and profitable growth long-term."

The products have garnered wide acceptance by consumers across the United States as is evidenced by current sales into over 700 stores in the United States alone. HQ plans to further expand distribution of these products produced in its affiliated state-of-the-art production facility in Seattle.

About GFCO

Gluten-Free Certification Organization (GFCO) provides an independent service to supervise gluten-free food production according to a consistent, defined, science-based standard that is confirmed by field inspections and analytical testing, in order to achieve heightened consumer confidence and safety. See http://www.gfco.org/

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc. ("HQS") is a leader in the production and marketing of health products derived from marine based raw materials as well as Tilapia resulting from vertically integrated operations. HQS practices cooperative farming of sustainable aquaculture, produces all-natural enriched feeds, Tilapia value added products and health products. The Company markets its nutraceutical and health products, including its "Omojo" branded health products through retail and franchise sales in China. Some of these products are now being introduced to the United States. The World Brand Laboratory and also the China Health Care Association have recognized these as China leading Health product brands.

The Company produces and sells certified, value added Seafood products, including Certified "Gluten Free" "Lillian's Healthy Gourmet" products in the United States through its Seattle based affiliate. Very few producers of Seafood meals have embraced the stringent Gluten Free Certification Organization standards. US based sales have been expanded to include "Omojo" health products.

The Company's subsidiaries hold GMP certification from China. HACCP certification from the U.S. FDA and the EU Code assignment of quality, permitting its products to be sold in international markets. It has also achieved the ISO 9001 quality management system standards certification and the ISO 22000 certification for quality in food safety. HQS tilapia farming, processing and feed manufacturing standards met Best Aquaculture Practices, the new Global G.A.P., the Global Partnership for Good Agriculture Practice, standards for Tilapia. The Chinese government gave organic certification to the Company's tilapia processing, production, labeling, marketing and management system. In addition to headquarters in Seattle, HQ has operational and Sales and Marketing offices in Seattle, Shanghai, Hangzhou, Nanning, Changsha, Guangzhou, Shenzhen, Zhuhai, Hong Kong, Wenchang and Haikou, . The Company's website is www.hqfish.com; with subsidiary products marketing web sites at www.omojohealthusa.com; www.lillianshealthygourmet.com; www.oudun.cc ; www.fishbao.net; www.jiahuabio.com .

Safe Harbor Statement

Statements contained in this communication not relating to historical facts are forward-looking statements that are intended to fall within the safe harbor rule for such statements under the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. The information contained in the forward-looking statements is inherently uncertain, and the Company's actual results may differ materially due to a number of factors, many of which are beyond its ability to predict or control, including among many others, including the Company's ability to sustain and continue its product line expansion, the Company's ability to complete in a timely manner regulatory inquiries and litigation matters, such as those recently declared by the company. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual events to differ from the forward-looking statements. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by the Company. The Company operates in a highly competitive and rapidly changing business and regulatory environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. These forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.


CONTACTS:

Investor Relations

Katie Turner

ICR, Inc.

646-277-1228

Email Contact

[ErnieBilco]

Lastest 8K prior to delisting.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8030690

[ErnieBilco]

Delisted from AMEX

[ErnieBilco]

Now trading grey market

[ErnieBilco]

Friday close @ .43

[ErnieBilco]

Ticker changed to HQSM - July 8th

[calbear]

Their product is actually pretty good.

I was more than pleasantly surprised. Tried 3 different flavors and all exceeded expectations.

Any updates from others out there?

[calbear]

Some good news...

I was able to find their Lilian's Healthy Gourmet in a Safeway in San Francisco, so they are rolling out in stores as planned.

I've yet to try them, but will report back.

[calbear]

Some good news...

I was able to find their Lilian's Healthy Gourmet in a Safeway in San Francisco, so they are rolling out in stores as planned.

I've yet to try them, but will report back.

[zsvq1p]

I am sure attorney said do not speak. They now face huge legal fees to defend. Sounds like they scam. It happens.

[calbear]

I'm starting a substantial diligence process given the lack of news from the company.

Any updates from those following?

[zsvq1p]

HQ Sustainable Maritime Industries, Inc. Receives NYSE Amex Notification Regarding Noncompliance With Continued Listing Standard


HQ Sustainable Maritime Industries, Inc. (NYSE Amex: HQS) ("HQS" or the "Company"), a leading producer and marketer of health products derived from marine based raw materials as well as Tilapia resulting from vertically integrated operations, announced today that it had received a notice from the NYSE Amex dated April 1, 2011 stating that the Company was not in compliance with certain continued listing standards of the NYSE Amex Company Guide. Specifically, the Company was not in compliance with standards set forth under Sections 134 and 1101 of the Exchange Company Guide since the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2010. The Exchange notified the Company that pursuant to Section 1003(d) of the Company Guide, the Exchange was authorized to suspend and, unless prompt corrective action is taken, remove the Company's securities from the Exchange. Currently, the trading in the Company's securities has been halted.

The Company must submit a plan of compliance by April 15, 2011 advising the Exchange staff of the actions it has taken, or will take, that would bring the Company into compliance with foregoing Sections by no later than June 30, 2011. The Company is taking steps to prepare and submit such a plan to the Exchange staff by the required submission date.

If the Company's plan to regain compliance is accepted by the Exchange, the Company may be able to continue its listing during this period, during which time it will be subject to periodic review to determine progress consistent with the plan. If, however, the plan is not accepted by the Exchange, the Company will be subject to delisting procedures as set forth in the Company Guide. Under Company Guide rules, the Company has the right to appeal the determination by the Exchange staff to initiate delisting proceedings. There is no assurance that the Exchange staff will accept the Company's plan of compliance or that, even if such plan is accepted, the Company will be able to implement the plan within the prescribed timeframe.

About HQ Sustainable Maritime Industries, Inc.

[zsvq1p]

Trading in HQ Sustainable shares halted
Puget Sound Business Journal
Date: Wednesday, April 6, 2011, 8:56am PDT

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Trading in shares of HQ Sustainable Maritime Industries Inc. has been halted.

Last month, the Seattle company (AMEX: HQS) that operates a fish-farming and processing enterprise in China’s Hainan Province said it will be late in filing its fourth quarter and fiscal 2010 earnings reports. Its shares were last traded on April 1, closing at $2.78, down from a 2011 high of more than $5.

Last month when announcing that it would be late filing the required paperwork, company officials said, “The postponement in filing is due to delays in compiling information for the preparation of the financial statements. The company fully expects to be able to file within the additional time allowed by ... and plans to file as soon as possible following the completion of the audit of the financial statements.”

On Monday, the San Diego law firm of Robbins Umeda said it’s investigating the company, saying it “has commenced an investigation into possible breaches of fiduciary duty and other violations of federal securities laws by certain officers and directors at HQ Sustainable.”



Read more: Trading in HQ Sustainable shares halted | Puget Sound Business Journal

[zsvq1p]

This one is down right ugly...

But it always seems to make a comeback... always seems to find a way to fill the gaps.

[Frankiy]

HQS looks like we goona close way higher than $3.14 here. Nice accumulation is going on here for gap fill!

[Frankiy]

HQS charts - Two gaps to be filled @$4.18 and $5.15

[RonnieD]

quite a selection here..
http://www.amazon.com/s/ref=nb_sb_ss_i_0_9?url=search-alias%3Daps&field-keywords=lillian%27s+healthy+gourmet&sprefix=lillian%27s

consider this is only one smaller part of the businesses..
if they expand as planned in the US, they can mass merchandise these complete meals and I would think the price would
go down from $8.00 to around $5.00. we will see.
The improvements in the value-added plant may help bring down expenses for these finished meals.

Just one small part of everything that makes up HQS...

[SimonL]

CHART 9/22

[stanu78]

$8, not too shabby. I was at walmart and see tilapia frozen meal (not from HQS) and they are quite pricey as well. just like HQS product so makes me feel good knowing that it is not just HQS product price is too high that no one probably want to buy

[stanu78]

I hope you are right. I'm hopeful that HQS will be valued correctly in the future. nice move today with decent volume

[RonnieD]

HQ Sustainable Maritime Industries, Inc. Provides Update on Marine Bio and Healthcare Product Segment, Including Long-Term Growth Strategy

http://www.marketwatch.com/story/hq-sustainable-maritime-industries-inc-provides-update-on-marine-bio-and-healthcare-product-segment-including-long-term-growth-strategy-2010-08-16?reflink=MW_news_stmp

probably the longest Press Release I've ever seen.

[RonnieD]

08/12/10 Roth maintains BUY target $ 8.00


https://roth.bluematrix.com/docs/pdf/BLUE2.pdf

[RonnieD]

ok stan.. i don't anticipate them needing to raise any more money. remember they are significantly profitable. I talked to Gene who is executive VP of finance. This cash raising is only for the expansion of the health/bio division; the new flagship retail store in metropolitan Hainan and establishment of franchises to the north in major population centers such as Hong Kong, Shanghai and Beijing.

[stanu78]

Thanks Ronnie.. I'll do that. btw, I'm already investor. long term investor actually (used to be this board moderator 2 years ago). been in since the pre split.. most of my shares were bought at .26-.30 but that's pre 1 for 20 reverse split so I'm down right now. I'm wondering if I should average down.
If the stock drift to $2 next year and they still sell additional shares at $2 (with the additional warrant at $2.8 maybe) then I don't know what to say. if history repeats itself they will do that .. let's just hope the stock price will be higher than today the next time they decide to raise more money

Stan

[RonnieD]

stanu, read the prospectus and the latest 10Q in their entirety, research the information and then consider if you would like to invest.

[stanu78]

14M shares for $79M raised so far ($5+) now at $3 (a bargain?)

Is that mean that the stock is such a bargain since most of the remaining shares were issued at $5+ in average?

Why would they issue shares at $3.6. And why is the stock at $3.1 now, especially since they have $2.6 in cash per share with no debt?

Are people thinking that HQS is merely a fraud and their primary business is to continue issuing more shares (but won't the new investor who will buy the new shares would do their DD)?


the sad part if PPS not improve the offering price might be adjusted lower..

I've seen that happen before and in this case for example the buyer will not want to buy at 3.6 because they said they can buy it from the market at 3.1 so they might ask to buy the shares at 3.1 instead and I'm sure if that happens HQS will gladly do so (if they are crazy enough to sell more shares at $3.6 , i'm sure they will take $3.1)

Still long but wonder if I should add more (doesn't make sense to sell though)

JMHO

Stan

[a_251cadence]

morning giff...nice to see that you're still around...ouch, quite a drop

[RonnieD]

many exciting new details in the prospectus:

http://www.sec.gov/Archives/edgar/data/857073/000119312510184840/d424b5.htm

[RonnieD]

just spoke to the company...
I emphasized I would like a PR to address concers about this share sale and its reasons, although whether there will be a PR or not is up to senior management, we don't know yet.

Points:
1. about 40 million cash on the balance sheet is already earmarked for use over time between cap-ex commitments for the expanded feed mill and the value-added plant, and land, aquaculture, etc.
2. The roughly $10 mil proceeds from this are to be used to expand the neutraceutical business in retail. They are going to build a flagship store in a very high-traffic area of Hainan. expenses for that may approach 5 million. The other 5 million is for establishment of franchises in Beijing, Shanghai and other areas of mainland, and Hong Kong.
3. Ultimately there is a goal of spinning off the new retail business to shareholders.
4. Ladenburg has already locked up all the unit sales. Company and Ladenburg attorneys have it all done. They did not announce this during earnings because it's separate from that.

Forgive my poor explanation here, I'm new to HQS and am by no means converse on this company.
I spoke to Gene who's # is on the website.

Very pleased with the conversation.. although my representation of it may be lacking.

[RonnieD]

it's not a serious increase in o/s. fully diluted even after the warrants are exercised @ $4.51 there will only be about 18 million total outstanding shares.

whether it's dilution or not is dependent on your definition of dilution. Raw dilution is when the shareholder equity gets nothing in return. They are raising cash. The market doesn't understand why this is necessary at the moment, because the co has zero debt and 43 million cash before this.

HQ Sustainable Maritime said it will use the public offering proceeds “for general corporate purposes, including investments in its Marine Bio and Healthcare Products segment.” The offering is expected to close on Aug. 13.



Read more: HQ Sustainable plans to raise $11.5M; shares plummet - Puget Sound Business Journal (Seattle)

[zsvq1p]

Huge drop cause of that offering... It is duluting the shares right?

[RonnieD]

hqs is a screaming buy here, it's being shorted by market traders who don't realize the book value. The share offering will still only have about 17 million total shares after these are sold, although it is perplexing why the co chose to do this will all the cash already existing on the balance sheet, perhaps they have something big in mind like an acquisition.
3.22 !! load up !!

[luisalmeidapt]

My question is very simple is to get opion about these stock.