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If that information is accurate Mr. Seimens is the person who can make something happen here. Basically he would sell 50.1% of the shares to another party, typically not via a market sale but a private transaction. Then the new majority owner can elect their own officers and and do as they see fit with the shell. I suppose the could buy out other large shareholders as well.
So whether something is going to happen here or not remains a mystery.
If one wanted to buy HBSL shell who would they contact?
TIA
would prefer him to be Siemens LOL
Looks as if Richard Seimens via Seimens Industries is the controlling shareholder.
62.3% interest 18,703,449 s
I have no idea, I'll I am saying is to sell a listed corporation with other shareholders you need to have control of the voting shares You either need to own 50.1% of the common shares, unless the corps bylaws require a higher % or there is a provision of super voting share typically in preferred shares.
Now I guess he could own 5 million and a couple of friends own enough of shares as well to constitute a majority. But of course me with my millions and a few others of us including some of his cohorts could get together and vote our shares in a different manner and win.
Typically that never happens and control has already been secured. Just a matter of what entities have it.
I have n9o idea, I'll I am saying is to sell a listed corporation with other shareholders you need to have control of the voting shares You either need to own 50.1% of the common shares, unless the corps bylaws require a higher % or there is a provision of super voting share typically in preferred shares.
Now I guess he could own 5 million and a couple of friends own enough of shares as well to constitute a majority. But of course me with my millions and a few others of us including some of his cohorts could get together and vote our shares in a different manner and win.
Typically that never happens and control has already been secured. Just a matter of what entities have it.
Petersen mentioned about a Lawsuit and that's why he's not allowed to be an "Officer".
He said he owns 5million shares.
How did he know about the California Oil Co. that looked into the shell IDK
We are in our infancy in Research.
I just found out Dynamic Chocolate bought HBSL out of bankruptcy in Oct 2006
He can't disclose that stuff. It just good to know that there is an active attempt to put the shell into somebodies hands that will hopefully do something decent with it?
I would ask that if he only owns 5 million what entity has the majority for control purposes and who is in charge of that entity?
Are the preferred shares involved here?
Can you put the email on the board? Ask him what company is trying to buy this.
Rec'd E-mail from G Petersen. I'm trying to get to the bottom of this. Any suggestion?
I agree so somebody owns the shares albiet not personally perhaps.
I think it's a pretty sure bet that the company is in full control of it's shares and will make decisions without the consent from shareholders.
I will contact Petersen regarding Majority OS
Q: Do you have controlling interest of majority OS aside from your 5m Shares?
Company AS?
Preferred?
Do you need Shareholder Authorization?
-------------------------
Any other Q's please let me know, now!
Must be unless there are preferrers. Can't sell this without owning or controlling the majority of the OS? Without it you need shareholder authorization.
He can't be an Officer of HBSL because of a Lawsuit several years ago when HBSL went into the dark. He said there's a stipulation from the Lawsuit preventing him from being an officer.
IDK maybe Donovan or others who followed him over to HEML Austrial.
He did say for me to keep in contact, so I guess I'll give him a call.
Look, I probably got a little excited about my intial talk with Donovan, and I don't have a timetable for Final Deal. However; Petersen did say he's sees nothing preventing another from buying the Shell. And he's 'said' he's got 5m shares so it behooves him to make a deal.
Keep in touch, and I'll be uprfront and forthright!
Can you imagine if an 8K comes out on this thing!!!
He could have 5M shares in his personal account, aside from the companies AS.
From the ibox
He owns HBSL shell
He owns 5 million shares
He says Outstanding Shares are 36 million
He has Oil people from California looking at the shell
He will mandate an "anti-dilutive agreement" with buyer!
He wants a buyer soon!
Interesting? How can he own the shell with out owning the majority of the shares? Someone could easily own more than him?
I spoke with Wm Donovan M.D. Sat, Mar 12, 2011, He said the last he heard there's plan for HBSL
I have been holding for several years and there have been many little pump and dumps but nothing that was actually being done by the shells majority holder.
So I am asking what is going to bring the volume needed. Is there something real happening with this or just pumping by folks?
I have heard that Grant Peterson has said there are no immediate plans for the shell and he is the vast majority shareholder?
Have you heard something contrary? Have you spoken to him?
If that's your criteria, than 'why' does it happen, sometimes?
Speculation. If you hold as you claim, why are you complaining?
So what is going on with it? I can't find any reason for this to have the substantial volume needed?
Up 130% Tue and pulled back 25% Wed- Nice Consolidation!
This stock trades on thin air, and any substantial volume blows the PPS thru the roof!
Hopefully, it was a gift. Thanks for the notification.
0054 , >> Up^^ On air !!!!!
0035 <<< A gift here ??
Yep, been on the storage shelf for a while and won't be seeing the light of day anytime soon.
In the mean time though its probably not bad to plop a bid down in that .003 to .004 range. Load 'em up for the eventual run.
Yep. Someday for sure. We'll probably see some filings pop tipping us off that something is going on.
Hey I'm all for that. If he actually has something he should post it.
http://investorshub.advfn.com/boards/profile.aspx?user=205731
I'll be the first one to congratulate him and apologize if what he's saying is true, but thus far its a bunch of hot air though.
maybe bigbreak can get us the info we need to get it moving again.
very positive. been holding awhile. got lots of shells.
These shells all run so don't sweat it. Someday she'll go and with the share structure this has it should go nicely. Probably get taxed less too!
lol oh well. win some lose some. 15k not alot to dropp this.
Well i guess im glad I pulled the remaining part of my order. Much appreciated for the honesty. Would loved to sell my shares at .05. Guess ill hold a little longer lol.
100% correct, and as far as I know nothing has changed. I am merely trying to keep this in check now that folks are saying Donovan had a conversation with an individual over the weekend where he confirmed that Petersen has short term plans for this operation.
I'm 99% sure its all made up since there has never been one ounce of factual backup posted anywhere here nor anywhere else. Hate being the spoiler but I just don't want folks buying in here blindly because they think that some huge R/M is going to take place by Friday.
Last I heard there were no immediate plans for this thing. Are you saying that has changed. Donovan isn't running the show correct, he has Spin to deal with. That one might be something one day. The guy here is Grant from HENC no?
Tracked down Donovan. We'll see if any of this is for real. I'll actually post details later.
Did you reach out to Petersen yet?
Can you share his contact information?
You know the old saying... buy on rumor... etc.
I think its definitely worth a few lotto bucks with the share structure here. At a minimum its a decent holder. All these shells have their day eventually.
I agree...been doing some DD here. Very speculative play. Don't drop too much on this one. Could explode or fall apart.
HBSL Giant has Awoke! 9mFloat 23mOS= Nuke City
I have a few bucks coming in tomorrow, save some of these sub penny shares for me! :)
Did you get that fill finally?
filled 5k out of 50k. scottrade sucks.
excellent news. tryn to get filled at .007.