Hoku Corp. (HOKUQ)

[cowbdave]

when is it going to trade?

[arizuela]

HOKU files Form Type:25

Arizuela

http://secfilings.com/searchresultswide.aspx?link=2&filingid=8718710

[mailhot72]

Thanks!!!!

[sludgehound]

Grey Market TDA .07 flash

This am just a book clear flash print. No trades yet. Listed as Grey Market at TDA. Didn't try a trade to see if chill is on it or not for new Longs. Sometimes brokers do chill a stock for awhile under these conditions even tho DTCC hasn't done so.

Couple trades now .05 and .10

[Penny Roger$]

~ Monday! $HOKU ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!

~ $HOKU ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=HOKU&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=HOKU&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=HOKU
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HOKU#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HOKU+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HOKU
Finviz: http://finviz.com/quote.ashx?t=HOKU
~ Marketwatch: http://www.marketwatch.com/investing/stock/HOKU/insideractions


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=HOKU >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[arizuela]

Mailhot72, Probably the same day or soon after.

Arizuela

[mailhot72]

So will this begin trading again?

[arizuela]

HOKU files an 8-K. Voluntary delisting from the NASDAQ by July 16.

Lenders will draw against Tianwei as collateral for loans.

Arizuela



http://secfilings.com/searchresultswide.aspx?link=2&filingid=8716929

[sludgehound]

Voluntary helps but remains to be seen

Certainly better than a forced action. Key is does it hang at a nickel +/- forever or sink to sub pennies.
Haven't seen too many of these with deepish pockets like this. That might help. Can't see it do a run up on that for more than another near .20 test but never know. If gets .OB status would help.

[ClarkKant]

Delisting

http://ih.advfn.com/p.php?pid=nmona&article=53462412&symbol=HOKU

[arizuela]

Mkinhaw, thanks for the report and the site. NASDAQ no more, at least for a good long while.

Arizuela

[sludgehound]

'trading' is a relative term see VLNC

VLNC got a SEC halt for further info then BK vol chpt 11 to Pink with zero volumes.
HOKU should trade if has a sponsor MM. If wants to really keep going then would need to satisfy stricter OB MMs.
We'll see. I suspect table scraps.

[mkinhaw]

Will start trading 7/16 Mon
on otc mkts

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/13/2012&mkt_ctg=NON-OTCBB

MK

[arizuela]

Murmel007, trading delay is unknown. Not good for the company, but there is still hope for HOKU.

Arizuela

[murmel007]

how long halts hoku?? is it good for the company??

[arizuela]

Sludgehound, true but some of these money guys like to look for small companies that are in debt to short. With many brokers, $2.50/share in a margin account is required to short below $5.00. With $5 Million you can short 2 Million shares. It's all about the individual... the greed of a few and not society or the economy as a whole. Hence the situation we are in today.

Arizuela

[sludgehound]

Retail has trouble shorting <5

Good idea to restrict that. But most big outfits like pension funds, mutuals and such are prevented from positions <10 anyway. Lot brokers won't let little guy short <5. So hedge funds get a free sandbox along with vulture capital loaners. Those short to get a cheaper # of shares in hopes of big payoff should the beaten down Co get a buyout or recovery.

fwiw DYN parent filed Bk Chpt 11 6am

[arizuela]

Sludgehound, very good article, thank you. These Market Makers are rich enough. The Congressman's proposal just seems to throw even more money their way and the equivalent of legal bribing. The Market Makers is one of a small business's biggest expense. I'm a little confused with the"Crowdfunding and how that works. If FINRA and the SEC could do a little background before a listing and some foreground checking afterwards and also not allow shorting on companies that are under $5.00/Share, I believe most smaller companies would have a fair shake. Sounds like some lobbying going on.

Arizuela

[sludgehound]

Bill proposal could hurt little stocks

Chances are MMs will follow the highest bidder to make markets. This will leave debt loaded tiny outfits to further drift away.
Plus will take deeper pockets to begin in first place. Actually indirectly knocking out the chaff will aid investors & traders.
Less need to fear being fooled by scams & losers. As it is the market has flushed away a ton of such outfits. A few will seem to survive just by selling off their symbol for those seeking a listing avoiding the normal channels.
Also along these lines NYSE/Amex tonight approved 1 year test program of a Liquidity Program in hopes of gaining retail back to the market. Obviously there is little place for losers now.
-----------
Congressman to Propose Bill Allowing Issuers to Pay for Market Making

Traders Magazine Online News, June 27, 2012

Peter Chapman

A Republican congressman plans to introduce a bill that would encourage stock exchanges to develop programs that permit their listed companies to pay market makers to support their stocks. The bill would also void rules of the Financial Industry Regulatory Authority that bar the payments.

The goal of the bill, sponsored by Rep. Patrick McHenry, R-NC, and titled “Liquidity Enhancement for Small Public Companies Act,” is to improve liquidity in small capitalization stocks. As such, it mirrors recent proposals by exchanges operated by Nasdaq OMX Group and NYSE Euronext.

“My thought process here is to incent small companies to seek our exchanges, to seek the public markets,” McHenry said during a House Financial Services Committee hearing last week. “So the idea is that you have some liquidity support.”

Specifically, the congressman’s bill would “promote the development of market quality incentive programs on registered national securities exchanges in the United States and would prevent a national securities association registered under Section 15A from barring a market maker’s participation in such a program,” according to a summary of the bill. FINRA is a “national securities association.”

McHenry has written his bill in draft form and is expected to formally propose it in the “near future,” according to a spokesperson.

The congressman is best known on Wall Street as the architect of the “crowdfunding” section of the recently enacted “Jumpstart Our Business Startups,” or JOBS, Act. Crowdfunding will let small businesses raise capital outside the securities industry by aggregating small investments from multiple investors.

McHenry distributed details of his ‘liquidity enhancement’ bill last week to members of the Financial Services Committee, as well as industry executives. The reception from exchanges and market makers was positive.

“In Europe, this is the rule, not the exception,” NYSE Euronext chief executive officer Duncan Niederauer, told McHenry during the congressional hearing last week. “We hope your legislation will allow us to revisit old rules that don’t allow companies to pay for market making.”

McHenry’s bill could put pressure on the Securities and Exchange Commission to approve the proposals by Nasdaq and NYSE Arca, which look to permit issuers of smaller, less liquid ETPs to pay market makers to support their securities.

The practice is currently illegal and the two proposals are getting some pushback from industry players and the American public. FINRA banned payments by issuers to market makers in 1997. The concern at the time was that the payments could incent market makers to manipulate their quotes in order to generate trading in the security.

The current Nasdaq and NYSE Arca proposals attempt to avoid those concerns by focusing on ETPs, which are generally index-based products. Because they represent multiple securities, their prices would be harder to manipulate, the exchanges contend.

Public response to the exchange proposals has been mixed. Market making giant Knight Capital Group supports the Nasdaq proposal as do a few academics. The Investment Company Institute, which represents ETP issuers, told the SEC it likes the idea, but wants it to be tested in a pilot program.

Several other commenters told the SEC it was a bad idea. Even one of the ETP issuers has its doubts. Despite disclosures Nasdaq intends to make regarding the identities of the market makers and the payments they receive, Gus Sauter, Vanguard’s chief investment officer told the SEC:

“It is not clear whether these safeguards will be sufficient to overcome the presumption…that issuer payments to market makers have the potential to distort the market and create conflicts of interests that corrupt the ‘integrity of the marketplace.’”

McHenry’s proposal comes at a time when many in Washington and the securities industry are wringing their hands over the decline of publicly traded companies in the U.S. From 1997 to 2009, the number of listed companies dropped from 8,200 to 4,400. The JOBS Act is intended to make it easier for so-called “emerging growth companies” to go public. The McHenry proposal could help them find the liquidity their stocks need to appeal to investors.

[arizuela]

Wouldn't the NASDAQ delist HOKU first. Then HOKU would choose what tier on the OTCBB they can list on. This could be a ploy for BTW Group to eventually take over all of HOKU.

Arizuela

[sludgehound]

Might agree but usually Co does it

Most of the time the Co comes out and announces that is their decision, like they want to continue being listed.
Here it seems HOKU doesn't care what Nasdaq does implying Co doesn't consider further trading. They'd have taken steps by now or done some PR release.
Only best hope is they are in talks. Else BK or just drift at .01 until sells self off if can.
Smacks of indifference by parent so far. We'll see. I've seen some of these sit frozen until SEC or Exchange drops it. Not worth any further biz effort by Co. They wash hands on it.

[arizuela]

HOKU is most likely being transfered to the OTC Pinks, eventually.

Arizuela

[CollegeGrad22]

This sucker has "BK" written all over it......

[sludgehound]

Halt to stay til added info

Could be end of game....

07/05/2012 10:08 *DJ Nasdaq: Trading Will Remain Halted Until Hoku Fully Satisfied Nasdaq's Request For Added Info

[sludgehound]

Naadaq halt for added info request

07/05/2012 09:32 Hoku Scientific shares halted, additional information requested by Nasdaq

[arizuela]

HOKU Files NT-10-K and does not expect to file.

Arizuela



http://secfilings.com/searchresultswide.aspx?link=2&filingid=8698193

[sludgehound]

Delist. Delay filing. Could Bk.

Hawaii’s Hoku Corp. running out of cash, considering bankruptcy

Pacific Business News by Duane Shimogawa, Reporter
Date: Friday, June 29, 2012, 2:37pm HST

Duane ShimogawaReporter- Pacific Business NewsEmail | Facebook | Twitter | LinkedIn
Troubled Hawaii solar energy products and services company Hoku Corp. said Friday that it has sufficient cash to fund its operations for only nine more weeks and that it may seek bankruptcy protection if it is unable to secure additional financing.

Additionally, Honolulu-based Hoku (Nasdaq: HOKU), which has a solar subsidiary in Hawaii and an unfinished and now-stalled polysilicon operation in Idaho under the name of Hoku Materials, said it expects to be delisted from the Nasdaq on or before July 10, according to a filing with the U.S. Securities and Exchange Commission .

Hoku’s stock fell below the $1-a-share minimum requirement in Dec. 1 and it reached a 52-week low of 7 cents last month. On Friday, Hoku’s stock was up 5 percent to 13 cents.

As of May 31, Hoku had cash and cash equivalents of $5.8 million, other current assets of $7.6 million and current liabilities of $286.7 million.

Hoku also said that it doesn’t have “sufficient resources” to prepare its annual report for the fiscal year ended March 31, and that it wouldn’t be able to file it before the deadline, which was Friday.

Just a couple of weeks ago, Hoku announced that it was pursuing restructuring alternatives, which include seeking a strategic partner to co-invest in the completion of the polysilicon production plant of Hoku Materials and restructuring in bankruptcy. Hoku is working with Imperial Capital to help it in its restructuring plan.

However, if Hoku is unable to get the additional financing, “it believes it will need to seek protection in bankruptcy from its creditors and to liquidate and wind-down Hoku and Hoku Materials.”

Hoku’s CEO, Scott Paul will resign on Saturday and continue as a director and chairman of the restructuring committee. “Jeremy” Xiaoming Yin, the company’s current president, will be named the acting CEO in addition to being president when Paul steps down.

Hoku, through a spokeswoman, told PBN that it is working hard on a restructuring solution, which may include a new investor.

“In the meantime, Hoku Solar continues to execute as one of Hawaii’s top solar-PV providers,” she said.

Duane Shimogawa covers energy, real estate and economic development for Pacific Business News.

[sludgehound]

WSJ: Outlook for Solar in Japan

TOKYO--Fresh incentives to provide renewable energy for Japan are drawing private companies into the sector--but experts say the new measures will do little to lift electricity production.
A number of high-profile events marked the first day of a new "feed-in" tariff law Sunday, with mobile-phone baron Masayoshi Son of Softbank Corp. (9984.TO) and Energy and Industry Minister Yukio Edano among those getting in on the act.
Mr. Son declared at a ceremony to launch a Kyoto solar project that the law would herald construction of large-scale solar projects nationwide. "From this point on, we are going to spread natural energy throughout Japan ," he said. Answering criticism that renewable energy is too expensive, he added, " Ultimately, if you take the long view, renewable energy will have the cheapest power-generation costs."
Like programs in countries such as Germany , the feed-in tariff is meant to help raise the portion of electricity produced by renewable sources by requiring utilities to pay relatively generous and fixed prices for that power. The law comes as Japan scrambles for electricity supplies, with all the country's nuclear reactors having been shut down since the nuclear accident following the March 2011 earthquake and tsunami.
(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)
The first of the idled plants came back on line Sunday, but with opposition strong in many areas, nuclear power is unlikely to again represent the 30% of total electricity output that it did previously. Renewable energy currently constitutes just 8% to 9% of Japan's total power supply, with the lion's share of that coming from traditional hydroelectric plants. Wind and solar power together account for less than 1%.
Though the new law is meant to help raise that figure, an uncertain framework for long-term pricing and limitations to the current electricity power grid are expected to hamper the building of new projects. Under the law, all 10 regional power utilities must buy electricity produced by externally operated solar and wind projects. The price they pay for electricity from solar plants with capacities of at least 10 kilowatts will be 42 yen (about 53 U.S. cents) per kilowatt-hour; the price for wind-generated electricity (from projects with capacities of at least 20 kilowatts) will Y23.10 per kilowatt-hour. Both prices are guaranteed for 20 years.
For the renewable-energy industry, the rates and guarantee period are considered suitable to make projects profitable. But the guarantees apply only to projects that win necessary approvals by June 2016 , which leaves too little time for any major plants not already in the planning stage.
"It takes three to four years to conduct an environmental assessment for a project. What if the rate is significantly cut during the time?" said Mitsue Usami , a spokeswoman of the biggest wind-power producer by capacity, Eurus Energy Group .
Though Japan is blessed with more windy coasts than sun-drenched days, the tilt has been toward solar instead of wind. In March, the renewable-energy unit of Toyota Tsusho Corp. (8015.TO) announced two large solar farms, one on Japan's northernmost island of Hokkaido and the other in Hyogo prefecture near Osaka in western Japan . The Ministry of Economy, Trade and Industry said Friday it had so far found 44 projects eligible to sell electricity to local utilities under the new law--43 solar and one wind.
"The problem is, wind blows in remote places," said Toshio Hori , president of Green Power Investment Corp. , a developer of wind-power projects and funds. The best wind-power locations are typically far from the existing electricity grid, in the northern areas of the country or atop mountains. The government estimates that building out the power grid just in the north will take five years and cost more than Y1 trillion ( $12.5 billion ).
Japan's cash-rich but conservative banks are another hurdle.
Green Power Investment, which has top-flight investors including Softbank Corp. and Mitsubishi Corp. (MSBHY, 8058.TO), says it has a 48-megawatt wind- power project ready to proceed in Shimane, western Japan , but is struggling for financing. "Banks want to see cash flow," Mr. Hori said. "But to show cash flow, you have to have the money to build the wind farm."
Write to Mari Iwata at [e-mail]

(END) Dow Jones Newswires
07-01-12 1929ET

[arizuela]

On my previous post I meant money owed to five more companies. To be clear, the restructuring partnership would be for HOKU Materials, the polysilicon plant in Idaho. The restructuring most likely would be through bankruptcy.

Arizuela

[arizuela]

HOKU files an 8-K informing of a possible sell of HOKU Solar or a partnership to co-invest. More debt for failure to deliver polysilicon to four more companies of $20.2 Million and $30 Million and $2 Million and $29 Million and $49 Million to Wealth Rise, Shanghai Alex, Suntech, Tianwei Chengdu and SolarOne respectfully. More over, delisting from the Nasdaq seems eminent.

Arizuela



http://secfilings.com/searchresultswide.aspx?link=2&filingid=8697591

[Seshet]

but why, they sell solar energy!

[chloebware]

Facing Bankruptcy!

[modrica]

i agree it doesnt look good at the moment

daily chart shows that drop is imminent but weekly (longer term) should be ok

slow STO is turning back down and for me thats the best short term indicator

but ive been wrong before



in my opinion

gl

[chloebware]

Better yet

http://www.staradvertiser.com/businesspremium/businessnewspremium/20120616_Hoku_CEO_to_step_down_as_firm_seeks_restructuring.html?id=159287885

[chloebware]

http://www.staradvertiser.com/news/breaking/152744435.html?id=152744435

[chloebware]

Am I reading this right....this company is behind in filing they are just releasing 4q for 2011 and they are projecting a .20 drop? Oh my goodness, Behind in filings and tanking? Not good buddy!

[chloebware]

I see this ending up around .12 by EOD!

[chloebware]

Don't be the bag holder...sell!

[chloebware]

This is going to be dismal. Watch for a huge drop

https://www.etrade.wallst.com/v1/stocks/earnings/earnings.asp

[chloebware]

Not sure about that


Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
  0.1524 -0.0047 (-2.99%) 0.1524 x300 0.1569 x900 0.1524 - 0.1569 39,457  

[modrica]

nobody with a gram of brain/sense follows/cares about barchart

in my opinion of course

gl

[chloebware]

Barcharts has this as a sell.

[arizuela]

Modrica, Sure, mid to long term is a good bet the PPS will be much higher. I'm just referring to Monday as a possibility the day traders will sell and drop the PPS some. HOKU for sure doesn't need any more bad news until production gets underway. When?, is the big question.

Arizuela

[modrica]

mid to long term pps should go high

i based that on positive equity even in case of bk

positive equity combined with reversing weekly is whats keeping me in



but then again i could be wrong thats why i do not recommend anybody to buy or sell

imo

gl

modrica

[sludgehound]

CEO Paul to resign, Hoku Solar may be sold

http://www.bizjournals.com/pacific/news/2012/06/15/hoku-corp-ceo-scott-paul-to-resign.html?ana=yfcpc

Is this the AH news you refer to? Seemed hit NY time 5:02p
All I see is a 2K at .17 .148x.17 and a flash bookkeeping one for .17 at 9pm that is .148x.17

CEO Scott Paul to resign, Hoku Solar may be sold

Pacific Business News by Duane Shimogawa, Reporter
Date: Friday, June 15, 2012, 11:34am HST - Last Modified: Friday, June 15, 2012, 3:02pm HST

Hoku Corp. said on Friday that CEO Scott Paul will resign June 30 as the troubled company’s board works to restructure its liabilities and explores selling its profitable solar division.

When asked by PBN on Friday whether the company will be filing for Chapter 11 bankruptcy, a company representative said it is one of the many options that is being considered as part of its restructuring efforts. Hoku is working with Imperial Capital on that process.

By restructuring its liabilities, it means that the Honolulu-based business is “trying to reduce or renegotiate its debts and improve its liquidity so that it can position the company for long-term success.”

According to the most recent filings with the U.S. Securities and Exchange Commission, Hoku Corp.’s non-current assets were $636 million. It has not yet filed first-quarter financials with the SEC.

The company’s board of directors has formed a five-member committee to oversee and direct the solar energy products and services company’s efforts to restructure its liabilities.

Paul, an executive officer of Hoku Corp. since 2003 and the company’s CEO since 2010, will resign as CEO on June 30 and continue as a director and chairman of the newly formed restructuring committee.

“As of July 1, Scott [Paul] will no longer be an employee of the company; he will be a non-employee director,” the company representative said in an email. “He is pleased to serve on the board, and he has no plans to resign as a director after the restructuring.”

“Jeremy” Xiaoming Yin, Hoku Corp. president since early 2011, will begin reporting directly to the board of directors as the acting CEO.

Hoku Corp. also said Friday that it is exploring opportunities to sell Hoku Solar Inc., the company’s wholly-owned subsidiary that markets and installs turnkey photovoltaic systems and provides related services in Hawaii.

The Honolulu-based photovoltaic installation company, which operates as a stand-alone business unit, had revenue of $1.89 million in 2008 and $4.95 million in 2009, according to SEC filings. Sales dipped to $2.6 million in 2010, but climbed back to $3.62 million last year.

The possibility of a sale is a dramatic change from what Paul told PBN just a couple of weeks ago. He said that because Hoku Corp. saw the photovoltaic installer’s growth potential, Hoku Solar would be left out of any restructurings that may happen to the parent company.

Additionally, Hoku Corp. faces the prospect of its stock being delisted by the Nasdaq Stock Market next month for failure to meet minimum trading requirements. On Friday, Hoku shares closed at 16 cents, which was up about 3 percent from the previous day’s close.

Hoku Corp. announced in late May that it had halted construction at its Idaho polysilicon plant a month earlier and laid off 100 employees there as it explored “restructuring alternatives.”

China’s Tianwei New Energy Holdings Co., Ltd is Hoku Corp.’s largest stockholder and creditor.

“That hasn’t changed,” the company representative said. “The outcome of the restructuring could result in a change of ownership of Hoku.”

[arizuela]

Modrica, No after hour selling is not necessarily an indicator of what may come Monday. AH was set up mainly for overseas traders. No BK is a given for now, but other negatives could have a substantial impact on the PPS. Let's hope for the best.

Arizuela

[modrica]

for me now is important great looking charts and no BK announcement



we saw yesterday news came out just after the close and no sell off AH

as said any news other than BK is ok with me


my opinion

gl

[arizuela]

Modrica, charts are great for an overall view of the history and future indicator probabilities, but they don't read the news and tell you how traders will react to it. I'm willing to hold, but I certainly will not be buying any more for a while. Lets hope most others are willing to hold also.

Arizuela

[modrica]

i dont know , i will stick with my weekly chart and as long as bk is not announced this stock should move up short to mid term (1-3 months)

we'll see

in my opinion

gl

modrica

[arizuela]

Modrica, It's just a lot of negatives that could result in more negatives. I hope you are right. We'll see how traders react on Monday.

Arizuela