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I agree with the $1.00 price, but the company has put a value at .01.
and since they control the majority of shares, we can not control
the price of the split.The company apparently gave up trying to raise
the PPS. and did a dumb thing by selling shares to bring the price down.
The facts are that this company can have a very high price per share
if they play the market right. The reason I said .01 for the reverse
split, was to get the company trading again with a price high enough
that the Stock Mutual Funds, Etc. will get involve. Most are restricted in
dealing with a penny stock whose value is less than $1.00..
Others have a $3.00 or $5.00 minimum PPs before the funds allow them to trade in that stock.
This stock could be in the NEW York Stock Exchange and the price
IOM will zoom up.
The company officials need Wall Street Guidance. Appearing at CNBC
the CEO or one of it's officials could make this stock make a good run
to become a blue chip.
I disagree on the reverse split. I think the current value of the stock is around $1.00, so a 500/1 rs would put the value per share at $500.00, which would never me achieved.
I agree with your plan to contact Ky officials for help. May I suggest you start the the Attorney General, Jack Conway. Here's a link: http://ag.ky.gov/Pages/contact.aspx .
Magic
THANK YOU, and I hope others would also do the same, in order
to have a better understanding of the value of the company.
I am writing to KY. government officials to see how much info
we can legally obtain. As shareholders we are entitled to know
just how well the company is doing, without having to beg for
the information.
Remember bothers and sisters of investors hub this company is
buying and I see no talk of a Bankruptcy. To the contrary they
want to buy your shares and just pay you a penny for each.
Which means that you have nothing to loose buying at or below
a penny .01, and a lot to gain if the books are opened up.
In my opinion what this company needs is to do a 500 to 1
reverse split. Then the value of close more than $1. will have big
investors come in including stock funds, whose buying shares is
limited to buying shares valued at $1., $3.,5$, depending on
the fund.
Hey PsD,
I just try to post stuff if I run across it. You had mentioned that you were still adding, so I thought you would be interested.
Everyone has to weigh the risks vs rewards as they see it, and other than posting what I find from time to time, I am content to sit quietly and see what develops.
GLTU and the board.
IMO and FWIW.
We have to get the word out and get more shareholders involved. Let's do it.
This is a good investment. This stock should not be a penny stock. I will
start buying again even though I am very near my goal of a million shares.
No reverse split as long as shareholders hold. I would have to go back and read the
press release, but as long as several hundred shareholders hold the stock they will
not do the split. As I see it, they have a company worth between .25 and 1.00 per
share. I presume they want it all for themselves and think the shareholders will sell.
The few insiders own most of the shares and after making millions by going public,
they now want to go back and be private paying a penny on the dollar. This way in
the future they can go public again and come out as a blue chip.
Thank you, sorry for the delay, I appreciate the information.
How can this company subjectively/independently value their post reverse common outstanding at .01 when the book value/market should be much higher imo? The 2000 minimum to carry equity post reverse is no accident imo for you have to own 4 million pre reverse to have 2000 post reverse which may be a rarity (NOBO list). Clearly a filing like this depresses the pps allowing the company to justify the .01 offering even when the assets/revenue justify a much higher pps imo. Also, how is it that every relative under the sun owns a ****load of shares and conveniently votes for the reverse which will screw (IMO)all the common holders other than said relatives? How and why did these people receive voting shares and why would all these people conveniently vote for a reverse split and a private offering far below what seems should be a much higher pps.
Do they know their company is worth far more hence the private attempt?
I just glossed over the filings. If I'm off on any of my opinion, fire away.
GLTA
Dont see what you mean. I got the link striaght from the company web page and it is norton approved.
Not like it matters though. Nobody is watching this one anyway.
IMO and FWIW.
reaper, that link has an imbedded rootkit - bad news!!
Magic
PsD,
There are a few things I have been watching as well, and figured it might be of interest to you and a few others.
3 days after my post, the company did release an exclusive PR on cspnet.com regarding its expansion. I didn’t post it back then because nobody seemed to care.
click here
If you scroll down the page, you can see there is also a sealed bid for 22 convenience stores from Tri Star Energy in the Nashville area. Heartland seems to be in expansion mode so, maybe they are lying low to further expand in that region.
From what I see, the bid deadline is April 9th 2013. Maybe we will see some news after that.
IMO and FWIW.
I am playing the risk of a several thousands dollars, because this company should it achieve
going private, will be worth many times the amount of .01 cent they are proposing to pay.
This will only happen ( PRIVATE ) if enough shareholders panic and sell. Should they be
able to achieve this, you are still a shareholder and as such will be entitled to information
of how profitable the company is. Something they are not now doing.
Look at previous SEC Quarterly and annual reports. This is a multi-million dollar company.
They continue to expand by buying more properties. The company may not be showing
a monetary gain in dollars, because the gains are been used to buy more land, etc.
I also feel strongly, that the offer to force shareholders to sell for 1 cent is not enforceable
and it is been done to have shareholders sell at such a ridiculous low price.
I am trying to find out if we can force the company to sell at the value they claim the
company is worth. If this is achievable ( forcing them to sell ) then you will see the company
doing a turn around and claim the company is worth millions and not the amount of money
they are trying to pay shareholders.
They now control well over 50%. Why would they want to buy the remaining shareholders,
if the company has such a low value, according to a company THEY HIRED. Why try to buy us
out.
In my estimate the stock should be worth between .10 to .25 per share. We can only go
by looking at the books. Something I will try to do if they achieve the 2000 to 1 split and
go private.
REMEMBER PRIVATE OR NOT WE ARE STILL SHAREHOLDERS AND THIS COMPANY IS WORTH
IN MY BOOK A HECK OF A LOT MORE THAN THEY CLAIM.
THEY CAN ONLY STIFF US IF WE SELL, AND I FOR ONE WILL NOT SELL FOR LESS THAN WHAT
THE COMPANY IS WORTH.
A million shares for ten thousand dollars is in my mind a heck of a buy.
Take care, and I hope this answered your question. Let's keep in touch and I feel that in the
end you cant loose. Remember no matter what happens, your 100 thousand shares will be
worth more than what they are now offering.
I am curious why you keep buying and are so optimistic when it is so obvious that the management's intent is to stiff the shareholders. I am whole on this deal due to active buying low and selling high a couple of years ago when the stock price wws so erratic and I now am "sitting" on a 100 thousand or so shares only because why not, hoping a miracle happens and no sense in shedding them a ridiculous prices. back to my original question, why are you still buying? Are you playing the cheap risk of a couple of hundred bucks against a miracle as well?
Thank you for the news. The stock's price is ridiculously low and to me it's money in the bank.
An investment that appears to be a great money maker in the future. This is not for day traders,
but definitely a good investment.
I continue to buy, as others apparently have given up hope and I ask myself WHY?
This is a large company when it comes to penny stock businesses. The mere fact that they are trying to buy out the shareholders should tell you that they want to keep all the profits for themselves
and give the shareholders the shaft.
I will continue to buy at this ridiculous low prices.
I hope others hold on, while the CEO and other Board members have around 70% of the company
and are willing to buy shares at a higher price, than the one presently been sold at by some unaware shareholders, they still have to file documents and shareholders are entitled to know what it says.
It was in one of their reports a while back, a year or two that the value was mentioned of around
$1.00. I will try to research during the weekend to find it. It's in the SEC filings. As for the 2000
shares, they want to go private but with the large number of shareholders they could not. I have
no idea how far they have gotten. In addition they were buying back shares and were planning
a reverse split and pay only 1 cent for each share. If you had 2000 or less shares they could give
you the cash $20.00 or less and buy you out and you had no say. The more shareholders we have
with at least 2000 shares, that will prevent them from going private.
It does not really matter money wise wether they go private, but we can get better information when they are not. Once the reverse split takes place, if they are able to accomplish it by getting the
shareholders to sell at such a low price the stock value will zoom and in a year or two come out again
and be public. In essence they made a killing by going public and now they want to get back the shares outstanding for 1 cent.
Remember they hold the majority of the shares, so the shareholders can not interfere in what they
do, but we can hold on to our shares and benefit when they go public again if they should be able
to go private. I bough my first few thousand shares at around .25, so what I am doing is buying
more at .01 and .013 until I reach a million shares or so. I hold over 100,000 shares now but I am
still way back from owning 1 million. If there is eventually a reverse split of 2000 to 1 as they plan
my number of shares will drop but the value will go up and eventually hopefully will make a large
profit when I do sale.
What is the board members' name? Where did you hear the $1.00 per share? I paid that in 2005...needless to say I have lost just about everything. I would like to get that back...What is the significance of holding onto 2,000 shares? Thanks..
AGREED, I am also holding and buying at .01 . I urge others to buy or keep at least 2000 shares
( TWO THOUSAND ) . Turn your $20.00 dollars into a possible two thousand dollars. The company
wants to buy you out at 1 cent or .01. , They wont show you the books because in my opinion it
will show the companies true worth, which according to one of their Board members not too long
ago was around $1.00...
I agree onn the $1 per share, and always have. I am holding.
Magic
I continue to buy, as I feel this company's value exceed .25 and could be
as high as $1.00.. This company has to make it's information available to
the shareholders, but are refusing to do so, they do no want to reveal it true
net worth as they also continue to buy. I personally feel that this is not only
unethical , but illegal.
DO NOT SELL, BUT IF T YOU MUST KEEP AT LEAST 2 THOUSAND SHARES. I will
continue to buy at .01 until I reach a million shares.
redburns,
could I have email address please, I cannot send private...
Heartland's subsidiary Lee’s Food Mart has expanded to 42 locations currently, up from 25 at this time last year.
Just an IMO and FWIW.
It's a shame but it's happened to me before with another stock.
You have to set a minimum price otherwise they get you.
IF YOU MUST SELL, Sell at a fixed price and put down all or nothing,
otherwise M.M. will have sell to the lowest bidders.
I say hold at least 2000 shares and they will not be able to go
private. I still have a buy at .02 and will do do until I reach a
million. This company is making MONEY and sooner than later
the share price will show it.
Remember even if you only hold 1 share after if they go private
you are a shareholder and must be kept informed. That is why they
are trying to minimize the number of shareholders before attempting
to go private, They have not yet succeeded going private and may
not be able to do so.
EVEN IF THEY DO, IT'S MONEY IN THE BANK. This company is worth
a heck of a lot more, I for one wont sell until I get at least .25 or more
depending on the books, which we will be entitled to examine.
YUP Almost $800 bucks WOW!!!!!!
Someone sold at market and the MM made a killing.
wow...that was an ugly move.
IMO and FWIW.
I hope to h... you are right because today's market move is not a good sign. Does anyone know what is happening to cause this collapse???
Website is operational again.
IMO and FWIW.
To those who did not sell, Good for you. This shares are
worth .25 or more. To those selling I am still buying it's
money in the bank. Even if they accomplish going private
their books have to be made available even in you wind
up with one share after the 2000 for 1 split.
Go to SEC and see revenues of over $100,000,000.00 per year.
only 36 million shares out.
I hope they realize that by going public, shareholders have
to be be properly informed of what is happening with the company.
If you sold at a loss, here is your chance to get in at a low price.
Remember buy at a 2000 minimum amount of shares in order
to qualify for the new share.
Looks like the website has been taken down.
IMO and FWIW.
I agree with your letter of complaints, it takes a few before the SEC take action.
As for the .28 cents value I agree. I still buy shares. I'm in six figures and
will continue to buy at the low PPs. of below .02.
I do not believe we will will go private, but even if we do buying at this low
price it's like money in the bank. If I'm wrong, I appreciate anyone telling me
why, Thanks.
I have made several SEC complaints regarding the Terry Lee's inside transactions with his relatives. He has been giving them shares way below book value on a number of occasions. Thereby diluting the stock price. The value of $.01 estimated by an outside firm is a joke!
I recommend you submit a SEC complaint against Terry Lee and Heartland.
This company is worth more than $.28 in book value. They are crooks and are trying to steal the company.
'thebaldeagle' ...Dumped HTLJ because the whole deal (besides The Boss Hogg mentality) was connected IMO to the American Real Estate recovery and that wasn't gonna work right now so Terry Lee... the snake... went into another hole ...For now anyways...He had no balls to fess up....Another shifty CEO...SHAME ON HIM AND HIS CRONIES...SC
0
seeclear, are you back or did you never actually dump this dog?
Even if it goes private this is money in the bank,
and I doubt that they will, they can make more money
been in the open market.
Took the words right out of my mouth...Wonder where he keeps the 'Local Whore House'...You just gotta' know he's got one goin' ...SC
Yes, a real live Boss Hog running Hazzard County.
AGREED...IMAGINE....How he must really screw over the local folk!!!
Agree, this companies revenues in 2010 was 20 million
and the share price was around 1.00 now the revenues
are over 100 million and the price as they see it is .01.
GUYS, WHAT IS IT THAT I DON'T SEE. I have purchased
over 100,000 shares for the past few weeks at .02 or
less and the stock PPs remains about the same.
I can only surmise that the company is keeping the price low.
What different does it make if they go private ? This is
in my opinion money in the bank and so far it appears
that they may not go private nor does the reverse split
appear imminent and may not happen.
If I read this document right the shares should be
worth over .20, so I wonder where they got the .01 from?
Thank you ORIOLES for posting this SEC filing. The filing
also states that additional documents submitted with this
particular filing may be obtained from the company.
I say its due to go up to it's fair value
now or if it ever goes private, that is why
I am buying and will continue to do so at
the ridiculous low price of .02 cents.
FAIR VALUE IS $0.10 or MORE, THIS IS A
GOLD MINE IN VALUE RIGHT NOW.
IT"S TIME TO START BUYING AGAIN.
I predict this baby is going up in PPs.
I will be adding to my 100,000 shares.
today32,
Thanks for stopping by and giving us the update.
Appreciated.
IMO and FWIW.
Terry is so full of crap - fair value 1 cent. He is a stinking criminal and I hope this all ends up with him in jail with several others.
Another PRE-14a was just filed: http://sec.gov/Archives/edgar/data/1084415/000101376212001495/form14a.htm
How do feel that is going to happen? Somebody or entity will have to force that issue, something going on the board should know about?
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Heartland, Inc., (OTCBB: HTLJ), is a growing diversified holding company comprised of subsidiaries within several different industry segments. With the most recent acquisitions, Lee Oil Company, Heartland now has annual sales in excess of $130 million and a corresponding EBIDTA of approximately $4.25 million. From structural steel products, custom steel fabrications, construction services and fifty-five gallon steel oil barrels to oil and gas distribution, Heartland is developing broad product and service offerings to provide economic protection and growth opportunities for investors. Heartland intends too grow by acquiring companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place, although we cannot provide any assurance that we will be able to close any such acquisition. By providing access to financial markets, expanded marketing opportunities and operating expense efficiencies, we believe Heartland will become the facilitator for future growth and long-term profits. In the process, new synergies among the acquired companies may develop, along for greater cost effectiveness and efficiencies, thus further enhancing each individual company's strengths. The headquarters are located in Cumberland Gap, Tennessee directly on the border of Tennessee, Kentucky and Virginia.
Subsidiaries
Lee Oil Company
Lee Oil Company, Inc. and it's wholly owned subsidiary Lee's Food Marts, LLC (collectively "Lee Oil) are headquartered in Middlesboro, Kentucky.
Lee Oil Company started in August of 1988 by Gary and Terry Lee as a two person operation and has grown to currently 220 employees and operating 26 convenience stores and selling approximately 40 million gallons of product through a combination of both retail and wholesale operations.
Lee's Food Mart
Lee's Food Marts offers a wide variety of convenient store items with most stores offering in-store fast foods and deli products. Lee's Food Marts is also an operator of drive thru and self service carwashes. All these combine to make Lee's Food Marts a premiere convenient store chain in the markets we serve. Lee's Food Marts operates 26 convenient stores located in Southwest Virginia, Southeast Kentucky and East Tennessee.
Lee's Food Marts markets gasoline, diesel, kerosene and racing fuel under the brand names of BP, Marathon, ExxonMobil and Phillips 66.
Heartland Steel
Heartland Steel, Inc. located in Washington Court House, Ohio, is a start-up segment of the business that we are working to develop into full fledged service center for the distribution of steel products, value added steel products, steel warehousing and logistics. In just a short period of time, Heartland Steel has become a key player in the steel fabrication and logistics market.
Mound Technologies, Inc. located in Springboro, Ohio, is a fabricator of structural and miscellaneous steel. Products include stairs and railings, both industrial and architectural quality.
Mound provides steel bar joist, metal deck and erection services to complete the metals contract requirements.
Heartland Steel Transportation LLC.
Heartland Steel Transportation, LLC. was formed in December 2011 in the state of Ohio. Heartland Steel Transportation was formed to provide transportation and logistics services for Heartland Steels customers and others. Heartland Steel Transportation provides customers a fleet of dependable short and long haul capabilities for box and flat bed trailers covering the entire lower 48 state of America.
Insider Transactions Reported - Last Two Years |
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Data provided by EDGAR Online |
* = Where indicated, some values are estimates. 1= Potential proceeds estimated by the filer. 2= Estimated based on the average of multiple prices reported. 3= Multiple dates reported. Most recent date shown. |
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