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Of course Haup has no value— none zero nada. Buying a stock for pennies and eventually selling for sub pennies is a value less proposition. I guess if you want to buy at .05 and sell at .02 the next day you get less than half your money back but best not to buy it in first place.
Let’s be honest here— haup has had a great product out for years with a great partner in gosh darn Microsoft— stock price. — almost nothing check
Management— willing to shank over shareholders without thinking twice proven. Check
Company facilitated to get dark status to hide and cook books. Check
Company long ago disassociated stock price with company essentially giving the company a zero worth as in the stock is worth nada. Check
Company has gone out of its way even at th detriment of the company!!!!!!!!!! To keep quiet. Check!
Management beyond having no fiduciary responsibility what so ever also are dishonest and could care less if their actions hurt other people.
Think about this — a few years ago they could’ve took shareholders money - you know money that could be set for a child a grandmother a wife and essentially wiped it out when they did not have to do so— Ken never understood how to run a nasdaq company so saving the filing fee and getting it to dark was his own personal best case scenario
Same Ken plotkin who used the company as his own ATM by ripping the company off with “ his” buildings—
Company moves operations without even notifying shareholders???!?!!!????? I’ve got a lot more. I mean think about it-/ they moved hw without telling anyone. O or no nothing — lie cheat steal. If a decent human being was running the company it would trade well but these guys are low life’s self serving scum. So it would be really stupid to trust them with a dime because they don’t care if your done is a penny next week
vALUELESS stock nothing zerp
Even shell stocks have value. Your zero posts make absolutely no sense. It will never trade at zero!
HAUP has only 10m outstanding shares, compare it to ZSTN for example. This company went dark 7 years ago. There is not even a company left, website down... and stock was up recently to .50 with higher share structure!
HAUP is not a shell, it´s a company which went dark and the company can come back anytime they want. The company still answers shareholder questions and relase news, products.
This is a good and etablished company and filings or news with stock symbol would change the value of the stock. Even earnings released per pr would change the value.
I asked the company to file as an alternative reporting company or to offer shareholders more transparency and of course this would change the value of the stock.
Many things can change the value to the positive side.
I´m sure i will make money here and if not, i will not lose because the stock is currently trading at a $500k market cap and this is the bottom obviously undervalued!
Dark doesn´t mean private! There is value left! The company did not release any news 4 years. First pr Thursday last hour of trading BUT without stock symbol!
It´s ridiculous to warn to buy at this level and the only problem you have is, it´s a dark company and nothing else! You like the company.
I understand your frustration after you lost here, but it´s not the only dark company and sec has these rules and allows to deregister.
I asked company also for a solution for shareholders at least.
Remember HAUP is worth zero. Anything you buy above zero is worth zero. You invest here accept at ANY time the value of your investment will be quickly wiped out. There is nothing here— be smart stay clear.
I bought shares years ago— that is true. But I’ve been an on/ off shareholder for 20 years. I am uniquely qualified to warn ANY potential investor to what this is— a stock scam. 5 years ago Renaissance Technologies and Hauppauge conspired to bring the company dark so they could hide the accounting. Yep I’m a sucker at the time as I equated this being a “cheap” investment like you are purporting. They had a good product” pvr”and great partner” Microsoft” which when the company was on Nasdaq would’ve shot it past 10 easy— stock price? Low pennies— pr? As little as possible. Why? Because Haup has been disconnected from the company. What company would have a product and partner like that and stay dark— do nothing for the shareholders. It doesn’t take a rocket scientist— I’ve talked to Jerry many times. Ken and Jery are dishonest low class people. They’ve worked hard to keep this out of sight for a big reason— the many illegal avenues they have reveled cooking the books. I’m not posting as a disgruntled ex shareholder— I’m not buying shares here— I’m simply warning others what happened to me. There is no difference in cord cutter tv—compared to pvr( which is a profitable platform) and it matters not anyway— the company bd its stock were disconnected years ago and the management will keep it that way . You really think after years that they forgot a stock sign in one or— or if the even matters anyway? Of course not because the stock side HAUP is worth NOTHING. Anything you buy above nothing is the value—- nothing. So why would a new investor buy haup valued at zero? They shouldn’t and just connect the dots. Again anyone pumping this is simply preying on others— promoting a dark stock which has gone out of its way to shank shareholders is nothing more than you know what
You did not answer one of my questions! This tells me enough!
A scam you bought shares just months ago and talked about $50 potential...
This is the bottom line.
Strange that nothing has changed since you bought beside you lost patience and company released the first pr since YEARS and launched Cordcutter TV!
Something you were hoping for and complained that they don´t release news.
But as soon it happens, it´s all meaningless.
Where was the due diligence months ago when you bought more shares?
I talked with Jerry. You did not even read my post.
The BOTTOM line
Haup is a scam. The compnay and its stock price are dissociated for a reason.
The stock is going to ZERO its worth NOTHING.
Ive been following the stock in and out for 20 years. If I say its a scam and just watch the signs--Id heed my words.
All you have to do is due diligence. If the company stock price is .02 years after releasing a profitable PVR platform--it became crystal clear that whatever they may or may not sell has NOTHINg to o with the stock price. Have you ever talked with jerry? Believe me this will NEVER EVER be nothing other than a dark shell of nothing. Its a zero and headed to zero
So if someone wants to invest in a company going to zero--go ahead.
If you think company will never file again why did you buy shares 2016-2017, 3 years after they went dark?
You accuse the company for fraudulent financials (seems you know more than the auditor) without any reason and say they cannot file but where are the proofs for it?
Again, if you think they cannot file because of fraudulent financials why did you buy shares 2016-2017?
Did you not know these things just one year ago, hm?
It´s bs what you post here!
What happened that you changed your opinion? Months ago your posts sound different.
You are only worried stock could go up without you, you don´t want that people notice the stock, because you know the potential and this is the reason for your warning posts SUDDENLY.
Haup will be ZERO long before it files again.
You ask people to call Jerry--who in their right mind would trust that BSer? You just have to ask yourself--why did they go dark in the first place and why didnt they atleast attempt a comeback in almost 5 years!!
Thats it---untrustworthy fraudulent management associated with Renaissance Technologies--the worst of the worst.
Dark doesn´t mean private. It´s possible they will file again. Happens with many stocks.
Look, don´t steal my time. I´m not interested to discuss my investment decision with other people.
I did not ask you for investment advices. I posted only the first pr since years.
You complained company never releases news. Now they did and the same can happen with filings.
And more i don´t have to say.
Its pretty simple its a scam company You just happen to stumble upon this board right:)
Let me give you facts
THIS company is dark--its disconnected form its stock price
No one from Haup will EVER want to file again NEVER EVER EVER
I have talked to Jerry enough to know he is not to be trusted. Ken Plotkin is NOT to be trusted,
So think you have a company that has done millions of dollars in revenues for years yet its stock price is two cents is not for a reason?
Why because the stock itself is WORTH NOTHING zero
Haup stock is worth nothing REPEAT that many times over
NOTHING
They never attach their stock symbol to ANYTHING--they want 100% dissociation for a reason.
The company and its stock price are two different entities. The management and Renaissance Technologies conspired to bring this company dark years ago. The company however poorly run(or not) has no barring that the stock price has NO value.. So if you invest here you are investing in NOTHING NADA ZERO
How could you say the company looks promising? How many PVRs did they sell and where is the stock price--you got it SCAM
They could launch the second coming of the iphone and it doesnt matter.
The company and stock are disconnected. You are investing in NOTHING if you put a penny here.
Its a scam pure and simple. Any new investor needs to take my words seriously--Ive been here a long time. You will lose every dollar here---move on believe me.
Pixelworks, Inc (NASDAQ:PXLW) released a pr about the partnership in January:
https://globenewswire.com/news-release/2018/01/08/1285145/0/en/Pixelworks-Technology-Drives-Hauppauge-s-Cordcutter-TV-a-Dual-Tuner-Over-the-Air-OTA-Streaming-Solution.html
$HAUP released following pr this week:
https://www.prnewswire.com/news-releases/hauppauge-launches-pvr-recording-for-cordcutter-tv-300629222.html
I disagree, it´s undervalued, they just launched Cordcutter TV, have good partnerships, company released the first pr since years and i asked company to be more transparent and we will see if they do it.
I expect next pr has the stock symbol in it and because of the changes with otcmarkets it´s maybe possible they will file again.
You hoped for $50 pps here. It´s not a scam as you KNOW, you lost and sold and now you warn.
I didnt accuse anyone in particular did I?
But you know as well as I do that Hauppauge is one heckuva SCAM. You know it Jerry knows it Anthony "Plotkin" Toste knows it darn--the whole company knows it. There is nothing good about a company who tries to rip off investors and than pass it as business as usual.
Lets call a spade a spade here--Hauppauge is a scam.
Just want to make sure no one gets sucked into this scam trap. Im sure you must think thats reasonable given the company is not only dark could care less about 1 shareholder--and has been proven to rip off shareholders. Whoever pumps this is simply preying on uniformed investors. Its a scam
Where do you see pumpers? I see two posts from me because company released the first pr since years and one post about a conversation with Jerry which was not even positive!
How can this be pumping? And i don´t work for a hedge fund! Thanks for accusing me for pumping, for working for a hedge fund.
It´s funny just because the company went dark that you suddenly accuse them of fraud and other things. I would be careful, there are companies which sue people for wrongful accusations!
You like the company, you only have a problem because they went dark.
It´s not difficult to see that this is a good company.
Ahm what´s wrong with you?
Hauppauge went dark perpetuated by Haup management and Renaissance tech.
Who is Derrick?
Down to .02 Its a scam perpetuated by Renaissance Technology and Jerry Tucciarone from hauppauge. Simply avoid.
If you invest money here yOU WILL LOSE it ALL> Haup=losing EVERY doillar
Trust me!
Haup is a scam stock--take it from me Ive been here 20 years.
There are pumpers on this board who prey on unsuspecting investors
dont fall for it.
I have nothing to gain or lose--pumpers who work for Renaissance Technologies--they can profit off of your mistakes--thats what they prey on.
Haup is a dark company--putting money will be like this
Invest a dollar lose a dollar invest 1000 lose 1000.
Mark my post
I talked with Jerry today and asked why there was no stock symbol in the pr. He confirmed it´s a public company which only went dark. He said "The omission of the stock symbol was an oversight."
I asked him if the same happened with the financial statements last 4 years. It´s one thing to go dark and stop reporting with the sec, but it´s another to act like a private company and hide everything and don´t update shareholders years!
If this company would act responsible it would be important for the company to update their shareholders!
He could release a pr about financial statements every 3 months, he could upload financial statements on the website. And he could release the pr again with the stock symbol if he has forgotten the symbol in the pr.
It´s a very strange company and sad for shareholders, because it costs $6k to file as an alternative reporting company for example.
SEC filings aren´t necessary, could also file under QB which costs $12k yearly. QB filer don´t need to file with the sec, this has changed last year!
A public company this size should find a fair solution for their shareholders after they paid $5 for their shares.
Either cash offer and then going dark or if it´s a public company at least should file with otcmarkets.com.
It seems he wants to let it open to file someday, but they think they can act completely like a private company.
Just because it´s allowed with under 300 shareholders and assets below $15m to go dark, doesn´t mean it´s right to let the people who invested at $5 completely down and don´t update them years.
I hope he wakes up. This should be below the level of the company. It´s very unprofessional and unethical the way they act. After my last email he did not answer anymore.
This pr was released 2 hours ago, but without stock symbol:
https://www.prnewswire.com/news-releases/hauppauge-launches-pvr-recording-for-cordcutter-tv-300629222.html
Hauppauge management always think small
Happy to make some good money for the top
Why have a stock when you can save 500k to pay yourself?
But thing is IF they actually tried and had the right people behind them--this could be 20-30$ stock--maybe more.
Verticals
Youtube--over 1 BILLION active users each month
Cordcutting--22mm last year
Streaming--multi millions
gaming--1.2BILLION
and this company is worried about 500k
Idiotic low level management. They need a young tiger of a CEO who wants to blast this thing into orbit. Not old man who has been a proven loser in his own company???????
OK he made money millionaire good---why not try 100-300mm$ stockholder? maybe more--the right hype the guy could be a billionaire. Look at some of these companies with market caps over a billion.
There are always money guys who want to make money--who would help drag this thing way up.
who cares if theyve been illegal and want to hide books--that can be forgotten--looking 4ward is the key.
The stock could be 5.00 next week and still no sellers. forget .05
Funny part is they do NOT want to do any PR at all--which could help them $$$ wise as they never want attention to stock.. more focused on keeping stock low than running the ship the right way?
This thing popped up. The reality is that this could go to 5.00 and the stock trading wouldn't be much different than it is right now. No one owns the stock but its worth every bit of 5.00 a share compared to other companies.
I don't know how the SEC would accept a spread of 200% --that looks blatantly illegal. You can get away with it for a bit but it would be surprising if it lasted.
HAUP going to .01 They cleared out their building. Expect massive sell off
Hauppauge has sold over 750mm HD PVR units and well over 100mm in sales alone on this family in the last 3 years
I think big money for Hauppauge is moving their antenna over to the smartphone--so you can get over the air TV on the phone and tablet--I think we see this this year.
Eric .....its time to move on pal. We won and you lost.
This also can be a complete fraud perpetuated again by Haup management. Jerry and Ken have no problem fleecing the smaller investor--using volume to sck in new or existing investors using aliases on a board to promote buying a high number of shares seems to be up their alley. There is no amount of money I would take to be a scmbag of life but it seems they are/will.
No one is going to buy 500k shares and do that. Either Haup does it or they dont. If they dont at some point they could be sued even if they try BK or something else.
Sometimes I think about starting a public awareness campaign about HAUP. I'm serious.
I'd like to advertise on Craigslist / Instagram / FB and offer anyone who wants it $100 to open an account at a brokerage firm and buy HAUP. In the process, make sure I get 300 different brokerage firms so that Jerry has to start up the presses again.
All I need to do is buy around 500,000 shares BEFORE I do this and I think its a money making opportunity. The price should be around $2 - $3 a share if my calculations are correct.
I really don't see them making it in the new FCC market as Google is already in there and ECHOstar would destroy them. I bet they are around $3.1 - $3.6M in quarterly sales now . Not quite at the level to break even or throw off any cash.
Also keep an eye on CES this year and see if HAUP has any ties in there with what is going on .
What they should do is be honest and open.
Start reporting again. Id have to seriously think they make money now. That alone could bring the stock to +5$
Do a small secondary when they are ready to go into unlock the box market. An extra million or two shares doesnt mean much.
Be more friendly with shareholders---like apple they win we win everyone wins mentality. Many apple users are apple shareholders
same thing could happen here--in fact it could be good for marketing with FCCC more "consumers" behind them the better.. HIDING and being antagonistic with shareholders is just going to bring them down a bad road. Trying to be sneaky and fcking over the small guy doesnt work long term. You want the small guy with you--put a bad taste in their mouth and people will avoid you. Just happened in elections. Ken Plotkin hasnt run this right since other Ken died. Still has a chance
I agree. HAUP is a place I think about often, just from the standpoint that when the people who have worked their for over a decade (or most of their lives) retire, get old and look back on their "life" I can't imagine what is going to go through their heads?
Their entire life was a waste. It was built on hiding the truth, hiding their company, treating shareholders like junk and really doing as little as possible with the talent they've been given.
To me it is very very sad to watch.
karma
What's the difference in the way Ken Plotkin has treated shareholders as the fcc will ultimately treat Hauppauge? He tried to screw the little guy so why should good karma find him with the fcc?
OK scrap that last message. Here is more recent info:
Latest:
http://venturebeat.com/2016/11/16/in...VySWQiOiAiMCJ9
From the article:
"Two FCC sources briefed on the matter said the commission is not expected to approve Wheeler’s separate plan to overhaul the $20 billion annual pay-TV set-top box market that would have allowed tens of millions of users to scrap costly boxes."
So to be clear, all that huffing and puffing from Plotkin & team is now in the trash. This only worked if the FCC remained / Wheeler option and Trump is going to go in and clean house.
So the set top box deal isn't in the cards anymore, Hauppauge wasted a ton of money on this and we are back to square one with stupid cable boxes that we have to lease.
At least HAUP doesn't have to play ball with Analog anymore, but that is tiny compared to what was previously at stake
Seems like team Plotkin and a few other internals are crying in their soup, monthly, to the FCC :
https://www.fcc.gov/ecfs/search/filings?filers_name=Hauppauge%20Computer%20Works,%20Inc.&proceedings_name=16-42&sort=date_disseminated,DESC&submissiontype_description=LETTER
I tried to read through it and basically came away with Hauppauge saying the only way they can "protect" consumers and protect the copyrights of the industry (for which content is paid for) is for the FCC to continue to act as a policy enforcer for new entrants on this new ruling
I think, but not sure, but the FCC is looking to back away from an electronic handshake that has enabled Hauppauge to build its market with this added layer of regulation (since getting access and approved for handshake isn't a given but you have to get the right lawyers working and the right engineering tests done).
So isn't that ironic? Now that Hauppauge has what they want, the just figured out that the FCC wants to go wide open which means they will lose 100% of their moat. So now they have more than they want. They need open access but not "too" open. The literally will go out of business within weeks if they can't get this protection.
So...the battle goes on. Hauppauge isn't going to build any boxes until the FCC tells them that they will protect poor little Hauppauge and its tiny Long Island oasis in the process. So to read this another way, in my opinion, Hauppauge is fine with an open pipe to build cable boxes as long as they don't have to compete with new entrants or bigger yet unnamed new entrants from China.
Crying in their soup. Bunch of babies. Now to figure out if boxes are even in play here or if Hauppauge is suggesting a cloud based solution ( which totally ignores the cabins in the woods which goes against unilateral access so its a long shot).
They have a much bigger following than they did 3 years ago.
I cant make a revenue guess--but Im assuming they are back to making money. They did make money for 10 years + straight. Cutting expenses and gaining traction in PVR adding XBOX Tuner(which seems to have sold a lot) adding the pocket rocket and PVR 60 and obviously theyve been working with billion dollar companies in the Cable box space. They dont need to compete--at their size they just need a niche. Why cant this stock go back to 10-20$ a share again? I think Plotkin and his wife have 1.5mm shares---get it up to 10++ and then sell it.
Thanks for pointing out that article. I did read it.
What is odd is he mentioned that he still gets calls from people who are interesting in investing in the company because they see the product and can look beyond being dark. And like all of those people got hammered this year with a large loss as of year end.
Let's think about last reported sales numbers and what they could theoretically be at today. Then possibly build in some revenue from the new set top boxes or cloud based software they plan to offer.
I haven't been able to find anything on this other than the "BIG" splash Dish plans to make via EchoStar a the CES show. Their competing product will be called "Air TV" and its under tight wraps. Its basically got OTA in there on top of Sling from what I can see. All the media hubs are also integrated.
So remember here that even if HAUP gets into this space, they are competing with Sling / EchoStar / DISH who will eat their lunch and then some as their funding is not even in the same galaxy.
“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
ETC...
Only real reason to be scared about hiding in the dark is if they committed fraud. If not whast the big deal?
At the end of the day Ken Plotkin's own words in July to the LIB will keep him in fiduciary breach if they try to circumvent current shareholders. There are a number of breaches---and the simplest one--Mr Plotkin why did you not hire an investment bank and sell to the highest bidder if you felt the company was radically undervalued. If they try something funny--shareholders will simply sue for multi millions. 1-4% stakes are not something people will freely let go. The best scenario is if they file do a secondary and try to grow and run the company honestly. Honesty is the best policy. Trying hard to scrw other people over for your own benefit is--well I dont need to go there. Theres a lot of that on the OTC--Hauppauge is not like other OTCs--they should be a multi dollar reporting Nasdaq stock.
Jerry is watching the float like a hawk trust me. That guy wants nothing more than to be chained to his desk like he has been for the last 20 years and not dealing with any external auditors or reporting requirements (and basically collecting a phat paycheck).
The float shares are locked up by insiders so there is nothing any person can go to get these guys to file. Like I said earlier as soon as anyone tried to grab 500,000 shares the MM's would be on the phone with management and they would widen the spread to make it impossible to get any more than I bet 5-10% of the company.
Still they would turn around and issue a new class of shares making anything purchased now worthless. So the volume you see out there I'm seeing it as well, but to me they look like sales and not buys. For whatever reason some people must have bought this earlier in the year.
There are two very very large issues HAUP has to deal with that I think keep Jerry and Ken up at night:
1 . The whole regulation surrounding reporting requirements on being dark is up for comments now and review. There are going to be massive changes which will have an immediate and direct impact on HAUP.
2. Eventually people will figure out the new products they are offering and see the new market opportunity. So they will be buying shares in the open market making it harder for them to hide under the cloak of being dark.
So end of day, the rules they have been hiding under are going to get changed in a way that is unfavorable to them and on top of that, they will have more brand awareness coming up in Q2 and Q3.
Its a perfect storm about to happen. Going to watch this one pretty close to what shoe drops first.
Someone is quietly grabbing shares--have been for awhile
Investing--
My guess is that there already are investor(s) who own a fair amount of stock.
My take is that people know that the management of Haup has been antagonistic at a minimum and don't want to ruffle feathers if they can avoid it(for now). The hope is that human decency kicks in. They must know a lot of individual investors LOST a lot of money during the "manufactured" drop in stock price. Maybe dealing with the other "side" of the FCC has opened their eyes. How does it feel to be "held back" by others who have different $ and use their power to walk the FCC in their direction--which might not be the direction that's in the best interests of the majority. This is what haup did to their shareholders--they used their power they had to do what they want regardless of the hurt they put on others.
The company? Does it belong dark and worth a nickel--anyone who follows this company knows thats a joke including Ken Plotkin who said so in the LIB. This CAN be an exciting company that yields excellent returns and can REWARD employees with options that mean something. They could easily do a small secondary wipe out any smallish debt and create the capital to expand. Think about when the company was trading at 50? Was it as exciting as it is now? Its always been valued as a tuner company that has bad margins. Thats not the company today. Also there wasn't a back-round of tens of millions of consumers who pay 250 a month for cable who might want other avenues.
If someone wanted to have 300 shareholders--Im sure someone with 400k shares could simply give away a few thousand and make it happen. But why do they want to be antagonistic---in good faith they might want to see that hauppauges management at 65 years old++can see the light and for their last act try to make HAUP back into an exciting Nasdaq darling that it can be. Ken Plotkin said in that article that Hauppauge could become a reporting entity at "any" time. There really is no 300 shareholder policy--its simply a guideline--its not a law. So its up to Haup--I hope they do the right thing--and if they dont then maybe well see a meeting like you mentioned. But lets hope for human decency to win
Not sure why HAUP popped up on my radar, but I have been checking from time to time.
The company is dark and will remain dark as long as Jerry never sees the registered shareholder count go over 300. Also note here that even if there are 100 people at say Schwab, HAUP counts that as one person.
So we would need to get over 300 people with different brokerages all to buy 100 shares in Hauppauge. But let me tell you, I think if we did we would be shocked at what we found:
Good stuff:
1. A stable and profitable franchise in the HDPVR segment
2. YOY top line growth in HDPVR
3. An amazing pipeline of new products slated to take advantage of all the new rules at FCC
Bad Stuff:
1. SG& A expenses through the roof
2. Highly compensated executives
3. Debt structure nobody could ever begin to understand
All in all, I think even if someone went in there and grabbed 500,000 shares, all they would need to do is hold a board meeting and issue a new class of voting shares. This would box out anyone trying to grab a stake in this company.
Best case scenario is that HAUP wants to tap the financial markets again with a secondary ( for new opex funding on new FCC category) and in order to do so they start filing again. We would know this via a press release and I'm sure it would take more than a few hours for people to get what they are trying to do so there would be plenty of time to build a position at that moment. I do not see any advantage to building a meaningful position before that time.
Open to comments!
Nearly 6 year daily high volume broken today.
This is the most stock I have seen traded in a 2 month period in the last 5 years.
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