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$HPNN: Hop-on Shareholder Meeting Update
Date : 05/20/2014 @ 1:45PM
Source : Marketwired
Stock : Hop-on, Inc. (PC) (HPNN)
Hop-on Shareholder Meeting Update
Hop-on Identifies 170 OEMs and ODMs for IP Licensing
TEMECULA, CA--(Marketwired - May 20, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) a global electronics OEM, is pleased to announce today that its shareholder meeting held on May 16, 2014 was a successful opportunity to interact with shareholders regarding recent developments. The format of the meeting allowed for an open and broad-ranging discussion to address Company progress and concerns.
The Company has put out several news releases in recent months, and the purpose of the shareholder meeting was to review the Company's positive developments and lay out the plans for its future.
The agenda items covered were
1. Update on the intellectual property royalty agreement with Microsoft.
2. Closing of the Company's first IPR deal with Teleepoch
3. Update on IPR negotiations with 12 Chinese and Taiwanese OEMs
4. Update on 170 companies Hop-on will be pursuing for licensing arrangements
5. Retirement of significant portions of Company debt
6. Plans for spin-off of Re-Medical subsidiary to fully reporting public BB company
7. CTO summarized Re-Medical's proprietary cannabinoid therapies and delivery technologies
8. Plans for Re-Medical IP licensing arrangements and operations in Colorado
9. Plans for USACig subsidiary
10. Plans for adjusting the capital structure of the Company, including dispelling false rumors of a pending reverse stock split
11. At the insistence of shareholders, Mr. Michaels addressed concerns regarding a stalker harassing him using different aliases on the Internet. Mr. Michaels acknowledged in response to shareholder concerns that law enforcement is investigating this individual. The shareholders were also informed regarding status of an extortion attempt by one internet poster earlier this year.
Peter Michaels, President of Hop-on stated, "I was pleased with our shareholder turnout at the meeting, and even more pleased about the positive response and outlook of our investors. I also appreciate the support from our shareholders."
ABOUT HOP-ON, INC.
Hop-on, Inc. is a global ODM and OEM manufacturer of electronics, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. Hop-on is also diversified in nutraceutical and cannabinoid technologies through its subsidiary Re-Medical, Inc. For more information, please visit www.hop-on.com and www.re-medical.com
Safe Harbor
This press release contains forward looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. Hop-on, Inc. common stock currently trades on the over-the-counter "Pink Sheets" under the symbol HPNN. This press release in no way constitutes any recommendation regarding the securities of HPNN or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of HPNN, and no inference has been made that this release contains all such information.
Additional Information
For additional information, please contact
Peter Michaels
(949) 756-9008
Email contact@hop-on.com
- Go HPNN
Cool. Glad you liked it.
-Chris
Thanks - good stuff...
unfortunately, the negative people in my life that he says to drop from your social network are family ;)
Oh well, just gotta make the best of it.
I *love* # 10, that is such a cool way look at the long term.
thanks for posting, made my day (partly because I'll be seeing that part of the family later today ;)
-KCMW
Rules for Living from Nassim Taleb
The Author of Fooled by Randomness and The Black Swan has some suggestions for you:
Taleb's top life tips
1. Scepticism is effortful and costly. It is
better to be sceptical about matters of large
consequences, and be imperfect, foolish and
human in the small and the aesthetic.
2. Go to parties. You can't even start to know
what you may find on the envelope of
serendipity. If you suffer from agoraphobia,
send colleagues.
3. It's not a good idea to take a forecast from
someone wearing a tie. If possible, tease
people who take themselves and their knowledge
too seriously.
4. Wear your best for your execution and stand
dignified. Your last recourse against
randomness is how you act -- if you can't
control outcomes, you can control the elegance
of your behaviour. You will always have the
last word.
5. Don't disturb complicated systems that have
been around for a very long time. We don't
understand their logic. Don't pollute the
planet. Leave it the way we found it,
regardless of scientific ‘evidence'.
6. Learn to fail with pride -- and do so fast
and cleanly. Maximise trial and error -- by
mastering the error part.
7. Avoid losers. If you hear someone use the
words impossible, never, too difficult
too often, drop him or her from your social
network. Never take no for an answer
(conversely, take most yeses as most
probably).
8. Don't read newspapers for the news (just for
the gossip and, of course, profiles of
authors). The best filter to know if the news
matters is if you hear it in cafes,
restaurants... or (again) parties.
9. Hard work will get you a professorship or a
BMW. You need both work and luck for a Booker,
a Nobel or a private jet.
10. Answer e-mails from junior people before
more senior ones. Junior people have further to
go and tend to remember who slighted them.
How about his Black Swan?
No worries. Word of warning to anyone lurking, though - Dynamic Hedging reads best when the reader has a solid foundation in options principles.
Gotcha - dang English Language!
funny how the same words can convey two different meanings, but I guess poetry would suck if we had a 100% literal language.
-KCMW
Not at all! The book is about bad hedging practices, so that's a non-contrarian compliment.
Sorry for the confusion.
Isn't that what was meant:
'Best book on how not to hedge.'???
-KCMW
Taleb is a great guy and a terrific trader. Dynamic Hedging is a classic, some of the war stories in there are amazing. Fooled by Randomness is a good read, but it's not a "trading" book per se.
Not sure how you got the idea I think of him as a "negative example". IMO 99% of people out there would benefit from his ideas.
Chris/WLD: 'Best book on how not to hedge'
Dynamic Hedging, Nassim Taleb
I heard Nassim Taleb interviewed recently. I decided to put a library hold on his book 'Fooled by Randomness'. Some people on anther forum thought it was an 'interesting' (but not necessarily 'useful') read.
Based on what I heard in the interview, I do *not* expect to get much in the way of trading ideas, but it sounded like he did have some interesting ways to look at randomness and the market. Maybe something to learn, even if by example of what *not* to do.
Is it possible to summarize why you use him as a negative example? From the little I've heard in the interview, his strategy seemed a bit like yours, take a large number of inexpensive bets that have a chance of a big pay-out? He seems to take it to the extreme though, the 'black swan' analogy.
-KCMW
Thxs nlightn, checked'em out..
ok thxs anyway Chris..
I've never done commodities, so i would not know.
Hey Chris, just wondering if you know of an online broker where you can do commodity trades without the high broker costs.
Thxs,
Mariner
Miracle of miracles - the DIA 113C came back! Well...almost...took the small loss and closed them out a few minutes ago.
Closing CIEN Mar 5C for a small gain. EOM.
Closing the Mar 40C right here, basically a wash. Pretty weak bounce considering the number of red days preceeding it...
I was watching our (nearly) four year old climbing the massive stairs at Lynn Valley - determined young lady, she is! - and it occured to me she is already at the full adult height achieved by Lucy, our famous Australopithec cousin.
Don't know why my thoughts were wandering that way, that day, but meandering after the kids through our temperate rain forest I couldn't help trying to visualize what life must have been like for our homo habilis ancestors.
We really do have it good...
That's what I was afraid of, lol. Oh, the guilt of procrastinating...!
I was hoping it would inspire you.
Well this is setting up to be a disaster - first green day is green by all of a nickel.
Oy.
If it's gonna melt, then let it melt and let the 40P chips cash in.
You have no idea how badly that torture me. Or...maybe you do, lol.
:)
Really good web based comic:
http://www.lowbright.com/Comics/HealingHands/Part01.htm
Main web page:
http://www.lowbright.com
Everybody wants to blame IBM for everything. The XBox shortage had nothing to do with IBM, it was Samsung running short of the DDR3 necessary for the graphics subsystem. Similarly with the G5 - IBM wasn't "late", IBM didn't give a f**k and lowered the job priority.
Anyway, Sony making Microsoft look better and better. Looking forward to seeing the tidal wave of XBox product coming late summer/early fall.
Will the real PlayStation 3 launch date please stand up?
http://arstechnica.com/news.ars/post/20060308-6345.html
NDX - six consecutive red days - adding QQQQ Mar 40C. Obviously a short-term position. ;)
Upon further review, the AAPL Mar 62.5P gone here @ 0.70. For whatever reason, legging out of the butterfly went *much* smoother this time, very nice all 'round.
Now to start thinking about the April 'fly centered @ 55...
If it happens before the weekend, I could see AAPL @ 63 being a suitable exit point for the last remaining leg of the March 'fly. April 'fly centered at 55 remains intact...
Short-term (2-5 days) go-long signal in effect on QQQQ. If it holds into EOD, will take "appropriate" steps. :)
20% to artists. Labels?
I assume they meant 20% to the labels, and a portion of that to the artists. How would La la Media deal direct with the artist?
Interesting idea though. It strikes me as more on the illegal side than the legal, the reality is people will be swapping and copying and then keeping the copy. That is a bit different from fair-use copying where you buy/ keep the original.
But, from a practical side, this could be quiet attractive to consumers (I can get a big catalog of non-compressed music), and giving something to the artists helps legitimize it. And the labels just might want to think, "20% of a large market is better than 0% of a huge market", but that thought process seems to be alien to them.
And it is a bit different from the DVD sharing concept. It's been said before that the vast majority of movies are watched once/twice, music is listened to many times.
This will be interesting to watch.
-KCMW
Online music service to let users swap CDs
By Sue Zeidler Tue Mar 7, 3:15 PM ET
LOS ANGELES (Reuters) - A new online music service called La la Media Inc. aims to offer full-length CDs for $1 by letting members trade used physical discs, in a new twist on the popular but legally challenged practice of online song swapping.
Backed with $9 million in funding by Bain Capital and Ignition Partners, La la works like an online music co-op by enabling members to trade physical CDs they own for physical CDs they want, Bill Nguyen, co-founder of La la, said ahead of the Tuesday announcement.
With 1.8 million album titles available, members trade the CDs in prepaid envelopes, much like popular mail-order DVD service Netflix Inc. operates.
La la said it is talking with the world's major music labels to obtain licenses for the sale of digital music.
La la said it enables members to buy a physical CD new if they cannot get it for trade and also hopes to eventually offer digital album downloads at retail prices.
It does not plan to offer digital downloads of singles.
Officials for the major labels -- EMI Group Plc, Vivendi Universal's Universal Music, Sony Corp (NYSE:SNE - news).'s and Bertelsmann AG's Sony BMG, and Warner Music Group Corp. -- either declined comment or were unavailable.
A spokesman for La la said it expects 30 percent to 40 percent of its revenues will come from trading, with the rest to be obtained through sales of physical CDs, through a deal with CD distributor Baker Taylor, and eventually from digital downloads.
La la founders argue that, unlike underground online file-sharing services, which have been sued for copyright infringement, La la is protected under an exception to the U.S. Copyright Act. They contend that the owner of a CD can transfer a legally acquired copy without permission or payment of additional royalties.
A member will pay $1 to La la for facilitating the trade on receipt of a disc from another member, plus a 49 cent shipping charge.
La la said it will set aside 20 percent of its trading revenue for recording artists.
Other Web sites, such as Peerflix and BarterBee, are also enabling consumers to swap used merchandise.
Peerflix allows members to legally trade DVDs, while BarterBee lets people swap between multiple media, such as DVDs, music and games.
http://news.yahoo.com/s/nm/20060307/wr_nm/media_lala_dc
Where have you gone, Joe DiMaggio...
HOUSTON (Reuters) - Former Enron Corp. chief financial officer Andrew Fastow, the financial mastermind of the energy trader's most illicit deals, testified on Tuesday he believed he was a hero by helping the company inflate profits.
Hey, when all else fails, there is always Antigua.
Description of CloneCD
CloneCD is a powerful CD-copying program that writes in raw mode, which gives it total control over the data being written. Therefore, CloneCD can produce real one-to-one copies of your CDs. CloneCD requires a CD writer that can write in raw mode; it also requires a CD reader that supports certain specific commands. With the correct equipment, CloneCD can make working copies of nearly any CD, regardless of whether it is copy-protected.
Due to the new copyright law in Germany, Elaborate Bytes AG stopped the distribution of CloneCD in September 2003. The rights of CloneCD were sold to SlySoft, a company located on Antigua. CloneCD 4.2.0.2 was the last version released by Elaborate Bytes.
Bottom must be near, 'cause I'm getting that queasy quicksand feeling again. Anyway, have GTCs in to lock deltas at QQQQ 38.73 and AAPL 60.13.
Covered the short leg of the AAPL bull put spread. CFO supposed to be speaking later, stock should be up more than this if its Great News coming.
The index trend/gamma positions continue to be a source of frustration. Everything else is going well - and paying for the index positions - but until the market makes a broad move it will be difficult to make much headway like this.
Patience...
What I really need is another stock like AAPL! :)
The TLT 88P gone for a good gain (but small position). The IEF Mar position remains on the table, though the first leg out is only a nickel away.
Closing out the bear spread half of the upper fly: in @ -0.90/+0.45, out @ +3.20/-1.75. The remaining legs are effectively a bull put spread, so a bounce from here would be just fine. :)
If not, the butterfly at Apr 50/55/60 remains in place.
Didn't expect AAPL butterflys to get hit so soon. The 62.5/65/67.5 already has the center strike ATM. Decision time...
Overnights are about as exuberant as they've been this year. Normally a strong indicator of a strong Monday but....
Closing the TLT Mar 89P at breakeven. It's getting late, and need ~1.5% dump from here to make it worth holding. Still holding the 88P, which is probably doomed. The IEF 82P briefly went ITM this morning, ladder exit on the table from 0.55 upwards. With any luck the weekend will bring a wrenching downwards move.
Bonds getting a solid whooping today. One more like this and it'll be time to roll/flip the March IEF/TLT positions.
Here's hoping!
Took the spread variant. Long Dow, short XOM. Six month position. EOM.
Here's another one...for March 7. This one has the familiar Intel-branding.
http://www.umpc.com/
Week 2 is up...
http://www.origamiproject.com/2/
Light on the details. More at CeBIT next week?
Preview for XOM/Dow convergence trade using EOD numbers...
Looking for 1/2 the overperformance of XOM vs Dow to be given back. Targets look like
Scenario XOM DIA
-------------------------------------------
1. XOM -20%, Dow flat 60->48 110
2. Both converge 10% 60->54 110->122
3. XOM flat, Dow +20% 60 110->133
DIA Sep06 120C @ 0.95
XOM Oct06 55P @ 1.80 (x2)
1. (55-48)*2 - 4.55 = +9.45
2. (55-54)*2 + (122-120) - 4.55 = -0.55
3. (133-120) - 4.55 = +8.45
DIA Sep06 120C @ 0.95
XOM Oct06 55P/50P @ (1.80 - 0.75) = 1.05 (x2)
1. (60-48)*2 - 12.20 = +11.80
2. (60-54)*2 + (122-110) - 12.20 = +10.80
3. (133-110) - 12.20 = +10.80
Going to short both XOM and GE against the Dow. Just working out the ratios. This would be a long term position (> 6 months).
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