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Everyone got bagged on this Moon Market Pump
The merger failure must be starting to leak in the underbelly of the financial industry
It's not a "leak" when internet posters to scream for years straight "NASDAQ UPLIST ANY DAY NOW"
Yes, that is the same Fanlogic operating the same business as it did previously.
My assumption is that the Fanlogic owners realized that HDUP shares are trash, and they'd rip a lot more money off by listing themselves directly than being acquired by HDUP.
I don't know if "Health Logic" still quietly owns "Fanlogic", but I assume they promptly disgorged the Fanlogic business into private ownership during the CTO, and then restarted their Health Logic pump & dump scheme with a completely clean shell.
The nasdaq merger must be starting to leak in the underbelly of the financial industry
There's a Fanlogic website, which seems to offer the things HDUP aspires to offer.
There was also a Fanlogic Interactive, which had a CTO and became Health Logic, presumably removing the CTO.
I wonder if the Fanlogic website is affiliated with the former Fanlogic Interactive which morphed into Health Logic.
If such large willing investors could even be found, there is no incentive to give existing HDUP shareholders any meaningful equity in the newly reverse-triangle-merged corporation.
If this merger isn't totally bogus, we can expect it to fizzle out before completion exactly like the Fanlogic acquisition did. And it will fizzle for the same reasons: Even with a scam like Fanlogic, HDUP brings nothing but liability to a partnership.
(interestingly: Fanlogic went public, got CTO, and got CTO lifted in 5 years... HDUP execs still making excuses after a decade for its CTO)
It's amazing that some existing shareholders expect HDUP executives to have a sudden attack of loyalty after 10+ years of bilking shareholders.
I agree. To meet even the lowest tier of Nasdaq, which I believe is the Capital Tier, they either need a minimum revenue amount OR a minimum amount of capital (if I correctly recall what I’ve read). With this “lotto” holding, really I have sh_t in one hand and hope in the other. My hope is for 1) potential revenue streams to be firmly in place 2) an infusion of capital (the minimum needed for Nasdaq entry).
I can't see how it would work if all three companies to the reverse triangle merger are shell and/or money-losing companies. How would such a combination meet the NASDAQ listing requirements? And who would sink money into this combination given that HeadsUp's ventures up to now have not been successful? It seems to me that the gaming/poker/sport betting/charity fundraising/gaming software fields seem to be pretty full of competition. Which begs another question. Just what is the focus of this new company? Up to now, it seems HeadsUp is sticking its fingers into a lot of pies, but without any focus or success.
That’s a good question - damn good question.
How will they complete this "huge triangle merger" unless they find significant investors? And who will invest given the company has not had success in its ongoing ventures - i.e., $421 in quarterly revenues?
IF Management doesn’t hurry up and complete this huge triangle merger, I’ll
“just wait longer.” And IF December tax selling happens prior, we shall feast!!
Quarterly revenue of $421, according to new filings. A strong foundation for further acquisitions LOL.
HDUP management keeps repeating failed promises "like a bird" and I don't see you complaining about that.
“So what?” So why do you continue to repeat like a bird?
So what? Doesn't change the fact that HDUP is a business failure.
It's a great ticker for people who are smart enough to sell at the peaks.
Those people need suckers who are willing to buy at high prices and hold all the way back to sub-pennies.
Countless times you’ve spouted these same allegations. You’ve dissuaded nobody.
If someone is determined to believe the lies of HDUP executives who enriching themselves with investor money, making only empty promises, and refusing to disclose verified financials.... who am I to dissuade them?
People can choose to read or ignore the filings & press releases. This public information continues to exists regardless of investors ignoring it.
HDUP could prove me wrong by publishing audited financials. But they've refused to get audited for a decade, and it won't happen any time soon.
HDUP *MIGHT* get audited once the shady transactions have aged out & no longer would be part of an audit. Of course, the only reason for HDUP to issue press releases is to encourage fools to lend HDUP money, so an audit won't happen until the ticker's been dormant for a few years.
Yes, you most certainly do care. Otherwise you wouldn’t be posting these allegations over and over again.
Oh and I do not believe you.
No, it's not wrong or misleading.
Believe me or not, I don't care, it's your money to gamble with.
You pointed out standard practices of many penny stock companies, but isn’t it wrong or misleading to apply these to HDUP just because many others have these circumstances? Can you provide any proof here?
SEC filings won't tell you much. The books are cooked.
There's a reason HDUP would rather stay suspended in Canada for a decade: they know they can't pass audit, so they don't even try.
The money comes as loans from naive lenders
That loan money is spent on insiders: salaries, fees, buying Hutchinson's worthless shell corps, "lending" funds to offshore companies, etc.
"why" did they pay to get current? Because token corporate activities are a cheap way to trick people into believing "HDUP is totally a legitimate business, you're totally certain to get repaid with 50% interest once these dozens of absolutely non-bogus business deals finish!"
Of course the deals never complete, the loans are never repaid, and the money all trickled into personal bank accounts of insiders.
Does it really matter whether anyone answers the phone ? I get it and it would be great if they did but let’s say they did…..more BS
SEC filings will tell it all imo
I think you are right: a big sign will be whether the September filings for OTC are made. The company is not making money and does not seem to have any active business being pursued, so who is financing the filings and why? In any event, I have taken seriously the fact that no one is answering the phone. They had somebody doing IR, and now that has stopped. It's not just a question of IR. No one answering the phone means they're not even trying to engage in business.
I’m not optimistic at all. No delivery or minimal follow through. That said, I think the best indicator of their demise would be when SEC filings stop. Those cost money and the company was way behind yet someone came up with the cash to get the filings current with the question being, why did they pay for that ? How do they get that money back ? It always about the money
This one may be done. There is no one answering the phone at the company phone number. No longer even an answering machine or voice message.
Has anyone been in contact with the company lately?
Hope you dont get the opportunity but we shall see
IF we fall into upper .00s (double zeros), I will double my shares.
Sending a million bucks to some sketchy offshore corporation for a "loan" that will never be repaid sure ain't free either.
Paying your executives 5-figures a quarter to ... do nothing... sure ain't free either.
Using shareholder funds to acquire stagnant shell corporations from insiders also ain't free.
Yet of all 4 of these activities.... only this "triangle reverse merger" never seems to happen. Go figure!
Looks like HDUP issued/sold those shares for funding needs. A reverse triangular merger sure as hell ain't free.
Yep that's right. I expected some dilution, as I believe I recall reading whereby they stated something to the effect that this process would proceed with "minimal" dilution. I believe they've been slowly diluting for the last several months, and surely they've done so this week. I've had bids set in the low .02s for months, and of course they've now filled. It'll be interesting to see the next filing and PRs/updates.
Someone dropped 400K+ shares, now down to 0.0211. We could use some news or an update.
Aside from the 5,500,000 shares HDUP diluted in the first Q....
Outstanding Shares
The number of shares outstanding of our Common Stock was:
234,739,368 as of April 30, 2023
229,239,368 as of January 31, 2023
We had more sizable volume today. Anybody know whether or not those shares was dilution (or appeared to be)?
Wow! so you don't have a search engine? Mark represented Colorado when Colorado and 7 other states formed Lotto America. Which is now PowerBall. You're right, that's not an accomplishment.
And in forming lotteries in South Africa and then supporting numerous charities in S. Africa, gaining the attention of Nelson Mandela. https://www.inspirehub.com/blog/big-on-small-podcast-ep-005-mark-hutchinson-against-all-odds
Again, in your mind that is nothing. Those who haven't done anything always criticize those who do.
Mark Hutchinson has spend years and a lot of money to deliver no results.
No idea about this supposedly great reputation aside from the fact that the best Hutchinson could do is end up as an executive at some rinky-dink OTC company, so it's clearly not -that- great.
I've met many OTC executives. Most are smart or at least cunning. None of them care about reputation because reputation doesn't matter in OTC promotions. "There is a sucker born every minute".
You say you don't think Kellner's investment is a positive, but then you keep insisting that the company operated by Kellner (Enteractive) is somehow the key to HDUP succeeding...
It's sweet, and hilarious, that you think Kellner is going to taint his Persec SPAC shell games by involving HDUP. There is a reason Kellner stole the only asset of value (CPT brand) and started a new company after ruining HDUP with a securities suspension.
You ask a lot of questions rhetorically, using the "appeal to authority" logical fallacy. And the answer to most of them is "people are getting paid"
Mark Hutchinson: paid a salary, and paid when HDUP acquires his worthless dormant companies.
Shields Legal Team: bills by the hour lulz
Share Count: dilution is not the only way to scam naive investors. I've explained many times how HDUP instead takes loans (on and off the books) it will never repay. That money is "spent" mostly on insiders.
"Let's see what happens next" It's been years of you insisting HDUP's promises are all ironclad guaranteed, and yet you seem quick to forget all the ones which have fizzled out. I've seen plenty of people equally invested in other OTC scams, there's always an excuse as to why -this- year will be the turnaround year. Maybe in 5+ years it will finally click for you about HDUP.
$HDUP - so you believe that Mark Hutchinson is throwing his 30 years old reputation into the trash can of your imagination for nothing? Brilliant thought!
I guess we will see, but I NEVER invested in this because of Kelly. But because of Hutch but go ahead and attack Kelly, I'll be right behind you! He has not been helpful! IMO
And if everything they've stated in filings is comprised of empty promises, then why did the Shields Legal team sign up for the deal? They are a legit legal firm that brought in Parsec. And why did, Parsec Capital merge with Enteractive Media? Was this just a show to entertain you? LMAO
And if it were a scam then why isn't the share count higher? Doesn't a scam issue more shares?
Let's see what happens next. Then one of us will need to explain why we were wrong.
Kellner is obviously not "stiffing his family" by taking shareholder funds and off-the-books loans he will never repay.
You quote a lot of empty promises press releases, stretching back years, and still none of them turn into HDUP seeing any actual business success.
How many more years of failure do you need to experience before you realize this is a standard OTC hype scheme? One would think that a decade is enough, but some people seem stubborn.
$HDUP:
Previously, GameChangerz, on their website, said:
“Copyright @ 2021 Enteractive Media INC. All rights reserved, A Heads Up Entertainment Inc. Property, Published by Enteractive Media Inc.”
On June 7th, HeadsUp via OTC Mkts released a statement that included:
“HeadsUp has partnered with Canadian sports entertainment company Enteractive Media Inc on the first of a number of content production initiatives to produce daily content for sports betting customer acquisition. The companies are presenting and hosting multiple panels and main stage presentation at the SIGMA America's iGaming conference in Toronto where gaming industry leaders are congregating for the largest Gaming conference to date in Canada.”
https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-Launches-Sports-Betting-and-iGaming-Revenue-Platforms?id=360291
And on Jan 11th, 2022 HDUP said in a Shareholder Update:
• The GameChangerz sports handicapping media platform will continue to be leveraged over many media platforms with multiple revenue streams from affiliate marketing to direct sales and advertising with expanded content designed to monetize both traditional and nontraditional global sports.
https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-2022-Shareholder-Update?id=338565
The Kellners (Kelly is CEO of both Enteractive/GameChangerz and Parsec own a few shares in HDUP).
Kathleen Kellner Owner of more than 5% Calgary, AB (Alberta) 19,000,000 Common 8.2%
1992689 Alberta Inc. Owner of more than 5% Calgary, AB 18,000,000 Common 7.8% held in Arnold Kellner’s name
Lynne Kellner Owner of more than 5% Calgary, AB 18,000,000 Common 7.8%
Page 8 of this report; https://www.otcmarkets.com/otcapi/company/financial-report/374449/content
You think Kelly, CEO of Parsec and Enteractive is going to stiff his family? Just answer that one question.
But you don’t care for facts, do you…you just want to bash on a stock you don't own.
I agree
Management says just enough to keep us sucked in
I wouldn't know the motivations of Parsec Capital. But we do know that they have NOT announced let alone completed any kind of acquisition or merger with HDUP.
If you want to keep trusting HDUP accouncements promising multi-million dollar acquisitions that never come true, no problem.
yes, it is my opinion that HDUP management is danging carrots.
$HDUP maybe you should tell that to The Shields Legal Group out of Dallas. They're still working on it.
They're the Legal team who brought in Parsec and Parsec merged with Enteractive "A HeadsUp Entertainment property" according to their website.
$HDUP so short-term memory loss? Spinola transaction hasn't been completed, go back and read the filings from last August.
$HDUP - I think it's a great idea that you gave up. Can't say that I blame you. But I doubt that the Kellners sunk over $1mil into this company to quit. And I can wait and have been for over 3 years.
My first deal ever was Ventnor, they were making cast iron blocks for AMC Motors (Jeep/Chrylser) in the early 80's. It sat at .12 for over 3 years and most days wouldn't trade. It ran to $5 when AMC announced the contract for them to make all of their engine blocks.
I'll wait, I like those kinds of paydays. See ya
$HDUP - let me get this straight. Enteractive Media, merged with Parsec Capital just for entertainment?
In June they announced, "$HDUP is leading a group of 3 companies for the acquisition of a US land based casino that includes 3 online gaming licenses. 2022 revenue was over $13m."
And in your opinion, they are doing this because they are dangling carrots? There's got to be a Forrest Gump quote for this kind of thought!! lol
i think you have to face the reality that Nasdaq has listing requirements which these small-scale scammers cannot meet. I.e. audited financials, proof of revenue, etc. etc.
This "we're going to uplist to Nasdaq" is the carrot penny stock scammers dangle almost as often as "we're about to face a short squeeze"
Exactly right, thank you, I’m wishing everyone the best indeed.
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