[NoNameStocks]

the HAUP court case is over at long last and we got financials. http://www.nonamestocks.com/2023/09/haup-courtroom-battle-over-de-state-law.html

[rickystevens]

Isnt Haup worth 5$?

[Bmrboy]

HAUP - This company definitely has to be worth more than zero. I have some shares and bidding for more. I'm sure there are a few skeletons in the closet.

[LouisDesyjr]

No Responses from the company (HAUP)

There is a currently ongoing case in Delaware to get financials statements. It was filed last year. The company never filed any response and did not even have a lawyer file an appearance in the case. Not having a lawyer at least file an appearance is somewhat unusual for a company that is still in operation.

Louis J. Desy Jr.

[janicen_98]

I would not buy this stock. If for any reason it spikes( and I doubt it) think for yourself

[janicen_98]

The two possibilities of any legit haup run are either
A. Haups needs to tap the capital markets
B. A similar circumstance to Microsoft

Anything less is manufactured and won’t last.

[janicen_98]

Still trading in the pennies. ;(

[NoNameStocks]

HAUP Shareholders Please Contact Me

I want to know all shareholders. Please email me: [e-mail]

new blog post: Paging all $HAUP Shareholders http://www.nonamestocks.com/2019/08/paging-all-haup-shareholders.html

[janicen_98]

NEw HD PVR PRO 60

A multi million $ device for sure.

Will Hauppauge do its best to hide it ensuring no one buy its stock?

Im sure Jerry will forget to put a Haup insignia on PR if they do?


http://www.hauppauge.com/pages/pressroom.html

[janicen_98]

Where is the stock coming from--someone is interested.

[janicen_98]

Notice--Hauppauge does not spend a penny in PR and news--for upgraded features add ons developments because they simply care more about keeping silent. Its an impossible balance in terms of business operations.

Sell the company if you cant run it

[janicen_98]

Only way for this company to survive and thrive is removal of Ken Plotkin and Jerry from management--replaced by people who have an interest in raising shareholder value by restructuring the technology offerings along with new institutional investment.


This is the same old company with terrible customer service poor consumer communication which has a high focus of keeping the company under wraps a well/ They need someone who can organize and sell. Perfect company to do it with. But Ken and Jerry need to go.

[NoNameStocks]

Of course I did. That’s why it says disclosure long at the bottom.

[janicen_98]

I guess you bought some before you posted as well

"So Jerry refused to send me the financials that state law dictates he must share. I followed up with a paper letter requesting the financials along with copies of the law and proof of my share ownership. I mailed one letter to the CFO Jerry Tucciarone and one to the CEO Kenneth Plotkin. That was a couple weeks ago and so far I have no response. I sent a followup email to Jerry yesterday but I'm not expecting much. At the bottom of this post is my letter and the state laws I sent them.

[NoNameStocks]

I bought some after I posted. I would guess the rest is blog readers who think it’s worth a try

[Dina]

Any idea who is buying suddenly HAUP up? It traded very dead last weeks until you posted the blog post.

Jerry said no filings next 12 months btw.

[NoNameStocks]

Thanks. You know more about the company than I. My goal is not to write an exhaustive history. I try to just highlight what I see as the main point. In my investing I buy many stocks and I don’t try to learn every detail, just enough to understand.

If there is any information you think is important you can always comment on my blog so other readers are aware

Take it easy
Dan

[janicen_98]

There were outstanding warrants

On May 24, 1996, and June 7, 1996, Lew Lieberbaum and Co., Inc., the Company's Underwriter on its Public Offering, exercised its 133,333 Underwriter's Warrants pursuant to which it paid a total of $543,778.53 to the Company, and there was issued to it 133,333 shares of the Company's Common Stock and 133,333 Class A Warrants.

On June 3, 1996, the Company gave notice to its Class A Warrantholders that it was calling for redemption on July 5, 1996, which period was extended until the close of business on July 17, 1996, all of the Company's outstanding Class A Warrants at a price of $.10 per Warrant pursuant to the terms of the Class A Warrants. A total of 1,609,516 Class A Warrants were outstanding and 1,575,786 of the Class A Warrants were exercised by the close of business on July 17, 1996. A total of $5,909,197.50 was paid to the Company for the exercise of these Warrants resulting in the issuance of 1,575,786 shares of the Company's Common Stock. The remaining unexercised Class A Warrants total 33,730 for which the Company will be making payment of $3,373 for their redemption.

Accordingly, the number of outstanding shares of Common Stock of the Company has been increased from 2,756,183 to 4,465,302

That doubled on the split and over the years have slightly diluted to 10.9mm.


Did they have stock buybacks where Ken Plotkin sold stock into---YES
Have they ran this company for shareholders--ever? No
Did Ken Plotkin use this as an ATM for himself--Yes
Did they keep a closed number of directors over the years YES
Did they run this exciting company like sht--110%

You forgot their acquisition of PCTV among many other tidbits--keep going through.

[NoNameStocks]

In 1996 there were 2.7M shares outstanding. In 2014 there were 10.9M. How does a 2:1 split get from 2.7 to 10.9?

[janicen_98]

A few things in your article you have wrong.

One point you missed is that Haup never had dilution. The stock traded as high as 100 with a market cap of 500mm in 2000 before they did a 2-1 stock split--bringing the total above 10mm.

They had a Q that was "light" and right after the split the stock j8umpe down to 25 bucks and never recovered. Honestly that day was the start of this. The CEO is bad--hes terrible--out for himself --especially after the other Ken died of a stroke.

I was around in 2000 as a 25 year old shareholder in/out. This company couldve been Tivo or maybe something better. Its ridiculous to trade at .004.

I think Ken and Jerry must not believe in God or the honesty of doing the right thing for anyone but themselves. Truly disgusting situation.

[janicen_98]

I dont know how long youve been "long"
but there are so many breaches of fiduciary duties in the last 4 years to make your head spin---its beyond criminal. At the MINIMUM thy should do what they can for remaining shareholders out of human decency but unfortunately like Bernie Madoff, theres a level of human indecency these people are willing to breach.

Simple PR--they have a partnership with Microsoft for xbox--most small stocks with 10mm OS would probably explode for days--so many opportunities for Hauppauge to simply let the stock price go where value should take it--but they stay hidden dark for a reason--they cooked the books and dont want their criminal activity exposed.
Ive been hoping someone with just a tad of clout--a small fund would see the upside here---what has happened here and go after this management.
Just doesnt happen very much in this state. Renaissance Technologies conspired with Haup to delist this stock and theyre a big fish.
This stock should be 5-10 bucks and its .004. I personally feel they stole money from me and my family and its very very personal whether they understand that or not. Its one thing legitimately losing money but when it stolen--its a whole different ball game--they stole for my kids--thats how I feel

[NoNameStocks]

Thanks. Here's a link to the article if anyone is interested:

https://libn.com/2016/07/22/the-other-%E2%80%A8bull-market/

[janicen_98]

Claude Solnik
[e-mail]
[phone]
"The other bull market"

Excerpst from an article he wrote with Ken Plotkin end of 2016--I have printed out the article but here is the jist


We found ourselves with a relatively low share price not reflective of the company’s true value,” Plotkin continued. “So we said, ‘Why are we spending so much money on compliance, if it’s not generating a benefit?’”

Hauppauge Digital can remain listed at virtually no cost with the idea that it may resume reporting – which could attract investors again. “The beauty is we can change it whenever we want,” Plotkin said. “We can start to publish audited financials. It’s something we could do in the future.”

Because the trading volume isn’t as great, you may not have the share price or market capitalization you might if you paid those expenses,” Plotkin said

[janicen_98]

My mother in law owns 367,000 shares of Haup. In total there are over 450k shares represented by people I know. Its disgusting how this company has Madoffed the shareholders. Im sure they changed structure on the company--although not long ago Ken Plotkin was engaged in a public article that stated Haup simply had to say "yes" to relisting--nothing else.

At this point I would not advise anyone buy the stock--why buy something that the fiduciaries dont care about?

[NoNameStocks]

new writeup on HAUP

I wrote up a post on my blog. Here's to hoping the company communicates with us some day.

HAUP Hides in the Darkness
http://www.nonamestocks.com/2018/06/haup-hides-in-darkness.html

[janicen_98]

Notice how Hauppauge goes out of its way to sell Cordcutter TV on Amazon in a different name. Its effort to keep the company private/public reaches to the point that PR/marketing is completely effected. No explanation for using the Broadway name to sell Cordcutter tV> Its confusing and inept. Its more important to this scam of a company to stay low profile at all cost????????????

[janicen_98]

I wouldnt waste any time or effort on this. There is only 1 answer to your questions--the stock side of this is fraudulent. The company cooked the books and will never ever reveal them again. There is 1 big reason why they will try never to be relisted --they dont want to be.

The ONLY way it could become relisted is public relations. If a product they made became hot and someone dug into it and brought notoriety--then there could be some honest scrutiny and force them into a position theyd rather not take. A fund or funds could also do it but they probably dont want to F with Renaissance.

[Dina]

Maybe you can call Jerry again and ask how many holders HAUP has.
Maybe we are close to 300 holders and don´t know it.
When HAUP deregistered it was 190 holders:

https://backend.otcmarkets.com/otcapi/company/sec-filings/10113826/content/html

[Dina]

If you want to force them to file, then find some people who buy 100 shares. This is the only way that we can be sure that company will file.

"If any of these examples were to occur, and the number of shareholders increased beyond 300 or 500 (depending on the company’s assets), an issuer would be required to file periodic reports on the first day of the next fiscal year until the beginning of the following fiscal year when the company could once again examine its obligations to file. So, despite the seeming finality of the deregistration process, the filing and effectiveness of a Form 15 does not eliminate the possibility that an issuer will be required to comply with the 1934 Act’s reporting requirements at some future date."

http://www.rmfpc.com/deregistration-of-securities-a-permanent-solution/

[Dina]

There are many previous nasdaq companies which faced delisting and then deregistered.

HAUP has less than 300 holders, it´s allowed to deregister, but it´s still a public company and because it´s a public company it´s expected they will file someday. It´s company´s decision when they start to file.

If you don´t trust the management, don´t buy shares! You cannot sue them because there is no wrongdoing.

Most companies which went dark ran out of business or business failed later. It´s different compared to other deregistered companies because Hauppauge is doing well and it looks improved.

I agree, company should update shareholders at least and release financial statements per pr or otcmarkets. It has something to do with responsibility as a public company and they need to inform shareholders.

But filings take sometimes awhile and it´s still company´s decision when they do it.

[Tommyb128]

Why options?
If the company went dark to reorganize its finances, fine.
But the right thing to do now that they are reorganized is to relist, no two ways about it.
No stock should trade .03 spread .08
This stock should not be de-registered now. It really does seem they are either hiding something or trying to take profits for only themselves, that's not how it should work with a public company.
If they wanted to relist, they could today. AND they should. Its moral and the right thing to do. Why cant existing and potential shareholders have a chance here?
This tends to look almost illegitimate and illegal in practice. They've taken a process of the market to potentially defraud shareholders. If not than simply relist today??!!
Is there any companies doing what seems as well as Haup is doing still delisted? What if shareholders simply sue? In my case Id like to buy stock
but if you cant trust the people in charge who are the fiduciaries of your money, its not a wicked red flag. They seem to have no conscious with other people's money

[janicen_98]

Only 1 answer, the stock portion of the company is a scam. There are no other answers. How do you even know about this POS?

[Dina]

It´s deregistered, some companies decide to update shareholders after they deregistered, others unfortunately not!

It seems company doesn´t need the public listing to raise money with the stock, otherwise company would file. Other companies raise millions yearly with offerings.

Jerry said "The company periodically evaluates its filing options". It´s possible company will file again but so far company is not in a hurry.

The brand is known, doubt people who buy a product look at the share price.

I believe company went dark to reduce costs. But now company is in better shape (my impression) and they could also file at least with otcmarkets.com which is not expensive and not complicated. This could be a good alternative.

If more shareholders complain, maybe this will help. I suggested many things. We will see if things change or not.

[Dina]

What is the company doing to help the shareholders here?

You should ask the company.

Company released a pr 4 weeks ago, but without stock symbol, it was the first pr since years! Jerry said "The omission of the stock symbol was an oversight".

See here pr: https://www.prnewswire.com/news-releases/hauppauge-launches-pvr-recording-for-cordcutter-tv-300629222.html

It is how it is, company decided to deregister and go dark and if you do nothing for shareholders, then stock price reflects it.

But i agree, it should not trade at this level. Company looks great, but should act responsible as a public company and not hide in the dark!

[Tommyb128]

Im trying to figure out whats going on here? Id like to buy shares but I see too many red flags. I called the company and the guy gave me the complete run around? How does a company with products in multi million dollar verticlas, that partenr ")with Microsft Amazon Google etc.. trade for .03? A market cap of 300k? I dont want to hear its delisted, exactly what is the company doing to help the shareholders here? I mean they must be flabbergasted. How do consumers who see a stock price of .03 have confidence in buying product and how does the company portray itself? Many companies would love to be a company listed but it seems Hauppauge doesn't. The guy Jerry who I talked to today was indifferent. You'd think hed be aggressive the other. So what is the story here, I dont want to hear the same old BS this guy was pooling on me about 300 shareholders???? this thing could have 1000 shareholders tomorrow of they gave an ounce of effort, so why arent they? No PR, seems like they are giving maximum effort to keep it this way?

[Dina]

New website: http://www.hauppauge.com/

[janicen_98]

Stock trades at .02 for a reason! Scam*********

Do your due diligence
Stay far away!

[janicen_98]

SCAM ALERT**********************
Haup stock is a scam.
Do your due dilligence

[Dina]

It´s still .06 and not .03.

[janicen_98]

Scam *******
This company is a stock scam
Do your due diligence
Stock trades at .03 for a reason
It’s being investigated by sec and fbi

[Dina]

You wanted an example, then check TXIC. This company is also still in business, was a $10 nasdaq stock, no filings since 6 years.

The company had $120m revenue, $20m net income, $1.44 EPS.
This is far better than HAUP financial situation and it´s .02-.05.

No filings and updates and the result is a low pps.

But there is a difference, TXIC has the suspension risk, they cannot deregister, business looks now worse, it´s not the same anymore, they also don´t answer and have issues with filings which was explained to the sec and accepted.
They get a lot time from the sec but so far no filings and no solution for shareholders!

HAUP can file, HAUP is only deregistered from sec filing obligation, HAUP answers, HAUP business is improved, HAUP is an american company and is doing well and not from China like TXIC.

And HAUP management confirms it´s possible they will file again!
The first pr since years is also a positive sign!

I have no reason to doubt the company will act responsible after my conversations with Jerry and after i see they are doing well!

The only reason why HAUP deregistered was the financial situation and i believe its now improved, so no reason to stay dark!

[Dina]

I forgot following links:

https://www.microsoft.com/en-us/store/d/hauppauge-digital-tv-tuner-for-xbox-one/8rt2b6dqctcw?activetab=pivot%3aoverviewtab

https://www.frys.com/search?search_type=regular&sqxts=1&query_string=hauppauge&cat=0

https://www.facebook.com/hauppaugecomputerworks

http://www.tigerdirect.com/applications/SearchTools/search.asp?keywords=hauppauge

https://www.youtube.com/user/Hauppaugeuk/featured

https://twitter.com/HauppaugeHQ

http://www.microcenter.com/

and many more. Products are everywhere. I believe they come back or company will be sold, question is only when.

The discrepancy between true value and deregistered or if the company will be sold or starts to file, is not really how it should be. Result, i invested! For me it´s just a matter of time until things change.

[Dina]

If it would be such a "scam" why did they never use the stock to make money? 10m o/s after 20 years and this after forward split. This should tell you something!

[Dina]

You see the pps is .06 and not .03?
You should know that if a company stops to file and doesn´t update shareholders that a low pps is the result.

But there is a difference. With most companies which deregistered or stopped to file, the business failed or is close to it, they don´t say "We are a public company" or "The company periodically evaluates its filing options" or "The omission of the stock symbol was an o