The plain facts are:
To All: IMO, First I need to get a couple of terms defined for the purpose of this post.
Term # 1 - "Primary Plaintiffs" = Dr. Rao
Term # 2 - "Remaining Plaintiffs" = All other plaintiffs except for Dr. Rao
385 K is currently owed to H-Quotient by Dr Rao.
359K is may be owed to the Remaining Plaintiffs by H-Quotient. Motions and appeals can still be made concerning this award.
The difference between the 385K that H-Quotient has been awarded and the 359K that Remaining Plaintiffs may be awarded is 26K in favor of H-Quotient.
There is an additional 400K up for grabs in punitive damages by the Remaining Plaintiffs, however IMO, if H-Quotient prevails against Dr Rao concerning the 359K, then the opportunity for the Remaining Plaintiffs to be awarded any damages then disappears.
July 29th is the hearing date and a decision will come sometime after this date.
IMO, I liken this to a hurricane that is now dwindling down to light shower.
IMO, No matter which way this goes, H-Quotient will not suffer any significant material injury.
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This is a combination of several great posts, posted on the IHUB board.
Sonyboy: Well, I've got to give you credit. You're good at what you do. And what is it you do again? Hmmmmm. Spend countless hours researching, compiling, posting. Warning unsuspecting shareholders. A friend of the little man. Do you help little old ladies across the street and help your neighbors take the garbage out too? What a fine man. But, there's a difference between you and me. Whenever I've sold a stock, I've moved on. I didn't post on the stock any more...that is unless I was short. Then the compulsion to share all my bad feelings were just too overwhelming. And, I imagine, the compulsion becomes a mind deafening roar the bigger the short position. I suppose I'd post 24/7 if the short position was big enough. My own research suggests that you're position is truly big enough. And, you've done well for yourself and your bosses. Started shorting back in April of 2004...I think April 7th probably. That was the day the stock crashed. Interesting that was the day the Rao suit was filed. But no else knew about that but you. Hqnt wasn't notified till ten days later. You didn't trade on insider information did you? So now we play chicken. You're going to try and drive the price to zero. Let's see who covers first.
On your points:
1) Have you spoken to Jack Anderson? Has anyone you know talked to him? No. He's on his deathbed. Doug and Jack were friends for 18 years and partners for 5. Jack's family hasn't allowed anyone to contact him. There's no proof he even said it. Or, if so, what the context was. So, this point is irrelevant. But, it makes such good copy to keep bringing it up, doesn't it?
2) The answer to point #2 is simple. We've never had our day in court. Attorneys messed things up initially and there has never been another hearing date given. But, you knew that already.
3) Interesting viewpoint. The Jury gives a bigger award and you assume it's because they felt Doug was..how did you put it..."Such a sleazeball"...sounds like a dispassionate statement. You can't prove that...but it makes a great headline huh? Yes, you're good at what you do.
4) The trade credits exist. They from to a company called Oncorp (sp?). The 10,000 sq ft building may have fallen through. So what?
5) Speaking of trade credits, you made a little freudian slip there Timothy...you mentioned that no one have been able to refute YOU'RE evidence. You must mean the "Evidence" you posted on Our-street. Say, how is the lawsuit with the SEC, HQnt, the company in Colorado and the company in Illinois going? Wow, 4 major lawsuits with lawyers representing you in 4 different venues. That must get expensive, huh? Tough on a guy unemployed in Slovenia. Say, who's paying those legal bills again?
6) Yes, in April and May the financials were promised. That was just before the Rao suit was filed. And you know how agressive the Rao's attorneys were. Forensic auditors. Papering Hqnt to death with discovery questions. Dominating Hqnt management and it's auditors with request after request. Given the acquisition of Stewart and Shaw and the excessive burden of discovery heaped upon hqnt, it's not at all surprising that the financials have been delayed.
And, btw, my boss would understand the delays under the circumstances.
7) Musky Don praised the software which proved to be flawed. Hqnt's own tech guy had to fix it to the tune of about $385,000. Ok, so we didn't use Musky Don to help fix the software. He may have lost money in hqnt. So, no one else can invest here now?
8) James Connors was paid about $83,000 in legal fees for representing hqnt. Now he wants more. It's not going to be settled on the internet and you know it. They'll just have to work that out. What does that have to do with anything? Oh yeah, I forgot...makes a good headline. Keeps up the selling pressure. BTW, I heard Doug doesn't drink. Can we come up with something juicy on that? Like, he a recovering alcoholic? Hmmmm, wanted for public drunkeness in Utah? Work on it, I know you'll come up with a good one.
9) Doug IS a nationally syndicated writer. His works still appear in various respected journals. And he does respect the first amendment...just not yelling fire in a movie theater. That is criminal behavoir. There's a difference. But, you know that already.
10) Hqnt bought Intelliservices. They bought the stock from the Intel. shareholders under a contract that they warranted the disclosures to be true and accurate. The $385,000 judgement against Rao proves he made false statements. When the problems with the software came to light, giving it back was an option which was considered. But, who says they had any money left or that they wanted it back? They'd just passed off a bill of goods. They were happy. Cohn went about fixing the software at considerable time and expense. They would have benefitted by Hqnt ultimate success...but they wanted $12 MM instead. Hey, it's a free country, you can sue anybody for any amount. And, btw, thanks for the free legal advice about how Cohn should have handled this. I'm sure he or his attorneys never thought about the course you recommended...damn! Well, if you'll give us your name and phone number we'll be sure to call you first next time.
So, all you shorts out there, get ready for a punishing blow when the financial statements finally reveal what good things have been happening way, way off radar.
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There is only one reason that these posters have posted 24/7 since april 2004, and that is to drive the price of the stock down, period. Any reasonable person can see that. There is a massive short position. They will need to cover soon.
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Sec10: Now who's being naive? Quoting you: legitimate companies don't have things happening off the radar. That's the mark of a scam. Legitimate companies disclose.
Oh really? When IBM is exploring buying a company do they disclose? When companies are in talks to merge, sell, buy, invest, expand, develop...do they disclose? Sure, when it is in the shareholders interests to do so and not before.
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HQNT/SNDH is still an upside explosive situation! (update)
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Marc Nathan is going to be the head of a subsidiary
On June 8th H-Quotient reported that it is creating a subsidiary that will include all of the Company's software products: PyysicianQuotient, DentalQuotient and LabQuotient. The CEO of the new company will be Marc H. Nathan. Mr. Nathan is the CEO of a private equity investment firm, Bulldog Financial, Inc., a director of US HeartScan, Inc., and a consultant to other public and private technology companies. Bulldog Financial is a large shareholder in HQNT.
Please read the complete news release at the end of this writing.
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H-Quotient is selling at a 2 year low; is extremely undervalued; selling for less than .40 a share; has less then 40 million shares outstanding; has an Earning Per Share of at least .13 for 2003 (and likely more for 2004); is debt free; is ever expanding; is a profitable company; pays dividends nearly every quarter; and the CEO takes no salary. The CEO not only takes no salary, but is also the largest single shareholder. The CEO Douglas A. Cohn has sold NONE of his shares even when the price was over $2. Doug will be the greatest beneficiary by getting the stock price back up where it belongs.
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Other indicators of a looming increase in PPS: There is the 24/7 non-stop bashing efforts on the public message boards. The content of the bashers' posts is only noise and misinformation but the fact that they are afraid to leave HQNT unbashed for even a single day (or a single hour on most days) demonstrates how much the shorts still fear another strong run-up as happened last year. And now they have SNDH to worry about too. If HQNT was as bad off as they try to pretend, they would never expend as much time and energy as they do trying to chase investors away from it.
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Regarding Questionable PRs and Financials
PR disclaimers are just that, disclaimers! All PRs include the following disclaimer for a good reason!
"This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated."
Bashers have tried to make a lot of hay out of some HQNT PRs that in retrospect have been less than accurate, when in fact they are making much to do about nothing. However, I don't believe that Doug lied about anything or knowingly made any misstatements. I believe that the one absolute is that everything Doug does is for the benefit of the stockholders, a fact that I believe will become apparent as events unfold.
I believe that the questionable PRs truthfully reflected management's current views and assumptions at the time the PRs were written. I'm convinced that Management's views and certain assumptions, that were believed to be true when the PRs were released, changed after the PR was released. I believe that it was subsequent to the release of the questionable PRs, and in the course of conducting normal legitimate business, that Management decisions were made for the good of the shareholder and the Company that caused the problem with the PR's. Some of these decisions retroactively altered the accuracy of the already released PR's. It is only in hind sight that it became apparent that some PRs misstated the situation.
Business is a fluid thing, sometimes changing minute to minute. I'm sure that Doug believed that every thing he said was true when he said it. I also believe that the welfare of the Company made it necessary for Management to make decisions which created results that differed materially from the assumptions that were anticipated when the PRs were released.
This is why there is a disclaimer on all PRs. It is to protect the Company and the shareholder. The declaimer protects the Company from legal action when honest misstatements are made in PRs and it protects the shareholder by letting the shareholder know that the information contained in the PR isn't chiseled in stone.
I see no credible indication of deception or pattern of criminality here. What I see is Management conducting normal business.
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Anyone can view fully audited reports for 1999 thru 2002 by visiting the Investor Relation section on the HQNT Company website. We all hope to see all overdue profitable financials in the near future.
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I think that the HQNT/SNDH shorts have a big Margin Call in there near future.
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LINKS:
Link to HQNT: http://www.hquotient.com/
Link to SNDH: http://www.standardholdingsgroup.com/default.html
Link to Web Pack International: http://www.web-pack.com/
Links for Information on short selling and naked short selling:
http://www.investorshub.com/boards/board.asp?board_id=3319
http://www.suite101.com/discussion.cfm/investing/106539/14-23
Links to Earnings:
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Oct_18/ai_n6239660
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H-Quotient Announces Software Subsidiary and Management
Wednesday, June 08, 2005 08:58 ET
VIENNA, VA, Jun 08, 2005 (MARKET WIRE via COMTEX) --H-Quotient, Inc. (OTC: HQNT) announced that it is creating a subsidiary that will include all of the Company's software products: PhysicianQuotient, DentalQuotient and LabQuotient. The CEO of the new company will be Marc H. Nathan, and its offices will be in Houston, Texas.
These structural and management changes are expected to provide an important focus on the software products and the necessary energy to drive that business to the next level.
Thomas Hewitt will continue as Chief of Technology for the new company from his offices in Charlotte, N.C. He has a degree in computer science and 22 years experience in technology systems that include the development of advanced medical software systems, an automated securities system, and a fixed income securities trading system. He also serves as a vice president and the derivative trading system architect at a major bank.
Mr. Nathan is the CEO of a private equity investment firm, Bulldog Financial, Inc., a director of US HeartScan, Inc., and a consultant to other public and private technology companies. He was a judge at the 2005 Rice University Business Plan Competition, a speaker at the Software Technology Conference SXSW Interactive, and a contributing columnist to O'Reilly's MAKE Magazine. Nathan is a member of Rice University Technology and Entrepreneurs Alliance, Houston Angel Network, Houston Technology Center, Texchange, and Houston Inventors Association. He is a graduate of the University of Texas.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient Web site at www.hquotient.com.
Contact:
H-Quotient, Inc.
Ashley Bell
703-752-0690
Marc Nathan
713-960-9900
SOURCE: H-Quotient, Inc.
Copyright 2005 Market Wire, All rights reserved.
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Earnings Business Wire, Oct 18, 2004
VIENNA, Va. -- H-Quotient, Inc., (HQNT) previously announced preliminary unaudited earnings and sales for the year ending December 31, 2003. The Company's acquisition of Stewart & Shaw, which began in 2003 and was finalized on May 4, delayed the completion of audited and subsequent earnings releases. The accounting issues relating to the acquisition of this Canadian medical manufacturing business are now resolved.
Preliminary unaudited revenues for the year ended December 31, 2003, increased to $3,016,361 compared to $2,677,315 for the year ended December 31, 2002. Including other income, revenues for the 12 month period increased to $4,104,565 compared to $2,396,253 for the 12 months ended December 31, 2002. Operating expenses for the 12 month period, decreased to $476,085 compared to $1,131,326 for the 12 months ended December 31, 2002. Net income was $3,628,480 or $.13 per share for the 12 month period ending December 31, 2003, compared to $1,264,927 or $.04 for the same period in 2002.
http://www.findarticles.com/p/search?qt=hqnt&tb=art&qf=free
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