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Good Morning KS,
IMHO, following my additional DD done over this past holiday week is showing me that following Mar 2020 (ie. conversion from Lil Macu stocks will be officially completed, tire patents renewal fees have been paid until 2030, trade tariffs relations repaired, etc.) we will begin to see movement due NORTH in LEIC.
shhhhhhhhhh............Although, not in a financial position just yet to buy a boat load at these rock bottom prices.......but still increasing my position when I can
Patent
https://patents.google.com/patent/US20080230365A1/en
Application US12/077,795 events
2007-03-23 Priority to US91979107P
2008-03-21 Application filed by Buhr Harvey
2008-03-21 Priority to US12/077,795
2008-09-25 Publication of US20080230365A1
2011-10-18 Application granted
2011-10-18 Publication of US8038848B2
2013-03-15 Priority claimed from US13/833,758
2015-01-09 Assigned to BUHR, BETTY J., BUHR, HARVEY G.
2015-01-10 Assigned to THE HARVEY BUHR AND BETTY BUHR TRUST
2019-12-29 Application status is Active
2030-06-27 Adjusted expiration
https://www.ipwatchdog.com/2013/04/23/innovations-for-a-greener-future-recycling-2013/id=39221/ --- mid page
https://krcgtv.com/news/nation-world/man-recycles-tires-to-create-green-energy
this analysis is crap.....number of shares outstanding is wrong and a lot more.
NEVERTVELESS I agree with you, TMilzSr, LEIC is one of the best opportunities in the market.
https://insiderfinancial.com/hitec-corp-otcmktshtic-is-flying-higher/175449/
Go Afternoon LEIC Holders,
Although dated 2yrs ago, I came across this write up which helped explain (to me at least) several of the costs and changes listed on the balance sheet.
In January 2018, HITEC CORP (OTCMKTS:HTIC) broke almost all previous resistance. From the $0.002 support level, an unexpected momentum drove the price to hit the one-year record of $0.009 before retracing back to $0.07 mark.
Why?
Since many in the market seem to be expecting great things from CHUN HONG CHENG, the recently hired President of HTIC. Nobody wants to remain sitting on the sidelines with new management in place. In our opinion, that’s the reason behind the unprecedented share price and the market volume spike; such spike has never happened in the year 2017.
Check the following chart:
Two months stock chart for HITEC CORP OTCMKTS:HTIC
Two months chart for HTIC
HITEC CORP Business Overview
This company was founded in 2003 in the state of Delaware and is currently headquartered in Jefferson City, Missouri.
HTIC functions as a collector and processor of oversize off-road tires; used with large mining trucks and agricultural vehicles.
How is the revenue model designed?
The revenues are received through the collection of fees. These tires are then treated and divided into component parts, such as synfuel, syngas, carbon black and steel, which are sold to petroleum product manufacturers and rubber blenders. The company is still in the testing phase and expects its market to expand in the near future once full production commences.
The amount of properties and equipment is very significant
In the balance sheet, we saw that the amount of properties is very large for a company in a pre-revenue stage. As of August 31, 2017, the PP&E was equal to $938,000. We rapidly became interested in these assets. The acquisition was executed on March 28, 2016. According to the information given by the company, this equipment is an operating plant under construction pursuant to HTIC’s business plan.
Why is this very important?
The market always studies equipment and properties owned by a company commencing a new business venture. The reason is that in case of having an unsuccessful business model, the market participants are sure that the company will have assets to sell. It is a great assurance.
Licensing Agreement
We saw that HTIC had obtained rights to certain patents for the use of a technology involving pyrolysis system. 20,625,000 shares of common stock were issued to pay for this asset.
What’s out take?
These are valuable intangible assets. They could multiply HTIC’s value and believe that it could be a great catalyst for the share price action.
The new CEO – What can it mean to the company?
On March 31, 2016, we received the resignation of Director Jeffrey Michel.” Please note that he left the company in good terms. Check the kind words of the management included in the press release:
“It is with regret we accept the resignation of Jeff. He has served the Company and shareholders of Hitec with great diligence and care. We wish him well in his future pursuits.” said Harvey Buhr, Chairman.
Reading this announcement, we commenced to believe that the company had started a period of transformation and restructuring.
What now?
We yet don’t know the business profile of Mr. Cheng. So, we cannot say something with certainty about the next steps of the new management. However, in our experience, new people usually bring new know-how, new business contacts, and new opportunities. Thus, we encourage readers to be very alert on this name in the new year.
There are market participants in the social media claiming that the company could execute a reverse merger with a Chinese company. Let us say that before the company announces it, we don’t believe anything.
Additionally, we encourage readers to be vigilant about new information coming from Facebook, Twitter, or other forums. Social media can sometimes manipulate the share price of microcap companies like HTIC.
Bottom Line and Conclusion
Currently trading with a market cap of $2.4 million, HTIC is an exciting story among small caps. With a total outstanding share count of 351,907,314 and a float of 102,785,873 shares, HTIC is a low float runner that can move quickly on large market orders.
In addition, the company shows a negative net asset per share and the asset side is not liquid. So, we believe that the next step will be raising capital or issuing debt.
To sum up, the companies are making a large number of changes in management, so we will be expecting surprises on this name!
We will be updating our subscribers as soon as we know more. For the latest updates on HTIC, sign up below!
Disclosure: We have no position in HTIC and have not been compensated for this article.
Image courtesy of Jamey Cassell via Flickr
RELATED ITEMS:HITEC CORP, OTCMKTS:HTIC, PENNY STOCKS
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Good Morning LEIC shareholders,
On finance.yahoo.com is displaying new financials button, however since I am not a paying member to finance.yahoo.com, it isn't allowing me to see them.
If possible for those that are paying member of finance.yahoo.com, to post the latest financial documents here for viewing.
https://finance.yahoo.com/quote/LEIC?p=LEIC&.tsrc=fin-srch-v1
Thank You and Happy Holidays
Total Assets: $1,231,892 - I didn't expect it to be quite that high
Total Current Liabilities: $1,922,966 - I didn't expect it to be quite that low
Total Operating Expenses: $262,515 - That seems reasonable
Net Loss: $12,158 - Not bad
Net Revenue: $261,270 - Not bad
Thank You. You mentioned in a previous post that the report is better than expected and in your opinion the stock will be adjusted upward accordingly.
Would you consider explaining your insight? I have reviewed the financials and still a "newbie" interpreting financials.
Any thoughts would be much appreciated.
Best Regards
T
Good Evening
Please provide the links to the financials
Thanks in advance
https://finance.yahoo.com/quote/LEIC/profile?p=LEIC
Lead Innovation Corporation
1301 Southwest Bolvered
Jefferson City, MO 65109
United States
573-415-9201
Sector: Industrials
Industry: Waste Management
Full Time Employees:
Key Executives
Name Title Pay Exercised Year Born
Mr. Yanne Larosa Head of Bus. Devel. N/A N/A N/A
Mr. Raffaele Scrocco VP of Bus. Devel./Beverages N/A N/A N/A
Description
Lead Innovation Corporation engages in off the road tire pyrolysis processing business. It collects and processes oversize off road tires, such as large mining trucks and agricultural vehicles tires into component parts comprising pyrolysis oil, syngas, carbon black, and steel, as well as sells these component parts to petroleum product manufacturers and rubber blenders. The company was formerly known as Hitec Corp. and changed its name to Lead Innovation Corporation in February 2018. Lead Innovation Corporation is headquartered in Jefferson City, Missouri.
Corporate Governance
Lead Innovation Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
will be seeing a correction upwards coming
The 10Q looks better than I expected. It isn't great, but better than I expected.
yesssssss.....
totally bullshit
Cheng is the guy who owns the stock but he's not the shadow puppeteer who is running this scam. Also, FYI, Basilio uses several alias including Cheng and Zhang among others.
He's also the puppet master for SRBT. Check it out.. they both post the same phone number for the company on the disclosure documents. When you call that number you don't get a company.. you get a person who is very evasive about who they are.
https://backend.otcmarkets.com/otcapi/company/financial-report/225998/content
https://backend.otcmarkets.com/otcapi/company/financial-report/227599/content
Frankly, I don't care if you choose to believe me or not. I don't own the stock nor am I short it. I have alerted the SEC to this fact and I'm sure if this thing begins to perk, they will be all over it like white on rice. It's a well known fact that both the SEC and FINRA are keeping a closer eye on penny stocks with a Chinese connection simply because they are one of the scam-du-jours out there today.
From the lack of recent activity, I'm thinking Basilio has probably either ran into difficulty getting these two scams going or he's gotten distracted and moved on.. something he's been doing for years. Either way, IMO, there's not a chance in Hell these stocks will ever amount to anything meaningful. If he decides to abandon them, the next thing you'll see will be him taking as much cash out of the market as he can by dumping without a pump.
Hold or buy more if you want to but don't say you weren't warned.
Good Morning Fellow LEIC Holders,
With the "Save the World" marches that had taken place yesterday around the globe, this could be just what LEIC needed, regarding the "Tire Junkyard Recycling Process"...........turning tires into black gold.
Furthermore with the hotel battle among the top players introducing creative ways toward saving the planet (i.e. Marriott switching from individual plastic bottles to squirt refills, extending their China portfolio presence to Woman Owned Hotels, Owners converted all of their Macow holdings into LEIC, etc.) aligns with all of the other offerings of LEIC.
IMHO, the closer we approach 2020, the LEIC roadmap is becoming clear.
Enjoy your Day connecting the LEIC offerings with recent "REAL News" proverbial dots.
ciao
T
P.S. I don't know about you, but i have and will continue to build my LEIC position while its still extremely affordable, and before others catch on.
The owner's name is Cheng, not Chen. Chun Hong Cheng Cheng, majority shareholder, sole officer and director of the Company is also the majority shareholder, sole officer and director of Lil Macau
If this is a pump and dump, this fella is way behind on the pump. Lol!!!-
THE UGLY TRUTH ABOUT LEIC REVEALED:
What you see in disclosure documents about LEIC is bogus. Due Diligence reveals the truth.
The person actually controlling this company is a scam artist named Basilio Chen. Here's a couple of links for a quick update on who this character is. These are only two of a litany of scams and failed pump and dump schemes overseen by Basilio.
https://www.sec.gov/litigation/admin/2017/33-10313.pdf
https://www.sec.gov/litigation/complaints/2018/comp24151-johnson.pdf
He's also the puppet master for SRBT. Notice the same phone number for both companies on disclosure documents.
From previous comments it appears as if you might have some knowledge about the person(s) behind this stock. Since all disclosed are Chinese, are you in touch with the Chinese deal guys or the CEO or are there others running this show? Please enlighten us.
Also, since the other stocks you have touted here have turned out to be giant turkeys, why is this one any different?
You Ares tue best......spammer
Something to think about..It's about the scam of Chinese companies trading on the OTC and elsewhere. Definitely worth a look.
https://www.thedailybeast.com/the-dirty-dollar50-billion-scam-wall-street-is-getting-away-with
Much ado about nothing. Something stinks about this deal. I don't think it will end well for shareholders.
Why invest in something with all Chinese players and no US interests? My spider sense tells me that there are forces at work here that do not have the best interests of the regular shareholders in their hearts and minds.
Play this one at your own risk.
How would you know about good things coming? Do you have access to information that is not publicly available? Where are you getting your information that leads you to believe something good is about to happen?
I read the disclosure statement and I see a financial report that was filed without benefit of an auditor listed. That's more than odd. What's more it's entirely controlled out of China.. a place where it's well known that the way you can tell if a Chinese business man is lying is if his lips are moving. This is accepted practice in Chinese business circles.. just do a little research and you'll see. Likewise, multiple sets of books are commonplace among companies in China.
The last piece of the puzzle is this... anyone whose been around pink sheet and penny stocks for very long knows that if the Officers and Directors doesn't have a history of public stock activity.. especially considering that none of the players are in America, there are undisclosed players in this stock "managing" things behind the curtain. Since they aren't disclosed or making themselves known... I imagine they are the kind of folks that would prefer not to be known. That worries me. Can anyone tell me who the "stock guys" are that put this deal together? if not, I'd stay far away from this.. but I'll stick around just to watch it blow up.
From last quarter report - released few days ago !!!
Chief Executive Officer/ Chief Financial Officer - Chun Hong Cheng Cheng - own 300,782 common - 68.24% !!!
So only 130K tradable !!!
Low float as hell !!!
Based on 440,742 common shares outstanding as of May 31, 2019.
HITEC was never a scam. Do some research. Harvey never diluted any shares, nor did he pump and dump.
Reading post for dd instead of leic filings is what novice traders do.
Ill pass leic is a shell
Lookslike they are much less risky as most of the us penny stocks !!!!
- NO DILUTION FOR 4 years !!! ( Show me one with no dilution )
- 470K OS
-130K FLOAT
- REVENUE FOR LAST QUARTER ( first time )
Show me another otc stock with these parameters !!!
LEIC - OS - 440,742 and NO DILUTION from 2016 !!!!
Total Shares Issued and Outstanding: 351,907,314 as of May 31, 2016
Total Shares Issued and Outstanding: 351,907,314 as of August 31, 2016
Total Shares Issued and Outstanding: 351,907,314 as of November 30, 2016
Total Shares Issued and Outstanding: 351,907,314 as of February 28, 2017
Total Shares Issued and Outstanding: 351,907,314 as of May 31, 2017
Total Shares Issued and Outstanding: 351,907,314 as of August 31, 2017
Total Shares Issued and Outstanding: 351,907,314 as of November 30, 2017.
Total Shares Issued and Outstanding: 351,907,314 as of February 28, 2018.
RS - 1/800 = 351,907,314 / 800 = 439,884
Total Shares Issued and Outstanding: 439,884 as of July 23, 2018
Total Shares Issued and Outstanding: 439,884 as of October 15, 2018
Total Shares Issued and Outstanding: 440,742 as of November 30, 2018 ( 858 shares )
Total Shares Issued and Outstanding: 440,742 as of May 31, 2019
Total Shares Issued and Outstanding: 440,742 as of July 24, 2019
To many good things about LEIC to discuss.
Been long time coming.
Don't need to go back too far, just begin reading posts from July 01
So, why would anyone want to buy this stock? A lot of cons going around with Chinese owners of penny stocks. So.. what's so great about this?
funny bidsitters !!! rise your bids if you wann get filled !!! nobody will sell you sshares...no dilution for 4 years !!!!
You know that someone bought these bids right
For every sell is buy and for every buy is a sell !!!
He dont have any effect on pps
Trying to buy some below the bid. Can you work your magic for me stock1ace1? Need some love here brother.
Leic nothing but all sells today good call
Only question of time !!! 470K OS and 130k float, no more shell, revenue last quarter
Leic .87 no bid support front loader heading out turn off the lights
Don’t think a pump ever started. We were just noticing the price rise
Leic pump is loosing steam
In the meantime...back to $1.26
patience my friend when the volume come , we see another spike to 20$ minimum
The more I read, the more I'm liking about this company. I'll be adding more real soon.
Funny !!! how could be this scam if they are not diluting 4 years !!!please tell me
Also they are not shell anymore and have revenue !!! and btw 470K OS and 130K float !!!
Show me another like this !!!
Although your entitled to your opinion, please don't waste our time with reading your negative posts.
It has no effect on shareholders that have been here from the beginning.
We know what is the real deal.
Sincerely
Future LEIC Multi-Millionaire Share Holder
YOU POSTED THIS YESTERDAY ON GEMP ...In 1.09 lets go
TRADING AT .79 CENTS , NICE ONE DAY -25 %
YOU ARE BRILLIANT .........LLLLLLLLLOOOOLLLLLLLLLLLLLLL
DUDE GO TROLL IN SOME OTHER PONDS ...... YOU HAVE NO CLUE OBVIOUSLY...
Very hidden...we need a lot more volume.
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