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HCDIQ: BK PLAN effective All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Sorry to hear, lupo.
Graduate to big board plays
and drop in our board.
MG
Such a joke , scam
After scam on these penny stocks. To bad I was in well before the split,
Is HCDI the biggest scam? Or beachbody, people lost so much money on these.
Wow! Nice head fake by the turnaround women :(
NEWS
Harbor Custom Development, Inc., Announces Chapter 11 Bankruptcy Protection Filing
TACOMA, Wash, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (collectively with certain of its wholly owned subsidiaries described below, “HCDI” or “the Company”), a real estate company involved in all aspects of the land development cycle, and certain of its wholly owned subsidiaries today announced that the Company has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma (collectively, the “Chapter 11 cases”) to pursue an orderly wind down or restructuring of its business. The Company has filed a number of customary first day motions with the Bankruptcy Court that will allow it to continue operating in the ordinary course of business while it prepares a Plan of Reorganization to ensure that it can maximize value for the benefit of its creditors. HCDI will continue to market and sell finished lots and homes and to operate multi-family projects as they work towards stabilization.
Jeff Habersetzer, Interim CEO of HCDI, stated, “The Chapter 11 cases will provide the Company with time and breathing-room needed to market and sell its real estate assets and right-size operations for the benefit of the Company’s creditors and stakeholders.”
Additional Information
Resources for HCDI’s creditors and equity interest holders can be found by visiting the website at https://cases.creditorinfo.com/hcdi, including court filings and other documents related to the Chapter 11 process. Aditi Paranjype at Cairncross & Hempelmann, P.S. is serving as lead bankruptcy legal counsel to the Company.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle, including land acquisition, entitlements, construction of project infrastructure, home and apartment building, marketing, and sales of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas; and Punta Gorda, Florida.
Forward-Looking Statements
Never mind, I read that quick and got the values wrong still 18% on that amount is robbery
Dammmmn instead of 54k interest, they want 1.44 million now at 18% on 8 million...
Fu*k em, make the Zionists beg for their interest and beat that value down in court....
Who introduced usery anyway? The nation of Israel lol... you can't make this stuff up... forbidden in the Bible, forbidden in the Quran
On November 30, 2023, Harbor Custom Development, Inc., a Washington corporation (the “Company”), received a notice of event of default for failure to make payment of $8,000,000 of principal and $55,555.56 of prorated interest due on November 25, 2023 pursuant to the Company’s Loan Agreement with Fratelli’s LLC (the “Lender”), dated May 23, 2022 (the “Loan”). All amounts are now due and payable under the Loan. Additionally, a default interest rate of 18% is in effect as of the date of default.
Additionally, as previously reported on November 27, 2023, the Company failed to make a payment when due pursuant to the Company’s Loan Agreement with BankUnited, N.A. (the “Lender”), dated March 7, 2022 (the “Loan”) and the Amendment to the Loan Agreement, dated February 22, 2023 (the “Amendment”). On December 4, 2023, the Company received a notice of event of default and acceleration of all amounts due under the Loan from the Lender. According to the Lender, the principal amount due is $14,197,706.88 plus interest of $111,992.10 as of December 4, 2023 (the “Debt”). The Debt will accrue additional interest at the default rate from December 4, 2023, which rate floats at the contract rate plus 3%, until the Debt is paid in full.
You should give Shelly a call. She is in charge of everything moving forward. Don't know just how much info she will give publicly but I'm sure will answer some questions https://www.shellycrocker.com/contact/
Does this mean they are buying back shares that were given out or canceling shares?
Old management stole from the Company. She is gonna either bring in new management or maybe sell the Company
https://www.otcmarkets.com/filing/html?id=17095632&guid=_uJ-kerQaTi8dth
Don’t blink
I have a feeling this will break 2s and continue to 6-8 over time or with the next major news update... real estate will continue to rise in value. They want to price retail out of home ownership... this will be the only way to make money off of real estate for the majority lol
HCDI = There are 2,329,322 shares of common stock outstanding as of November 9, 2023. I just got off the phone with Albert Einstein and he can't figure it out.
HCDI Hold the phone- it's a filing to ALLOW her to buy. She ain't done it yet. But it's kinda a good sign.
HCDI $1.65 +91.84% 33.8M What the heeel is going on here?
A Buy by Crocker Shelly, Chief Restructuring Officer
Form 3 Harbor Custom Developmen For: Nov 14 Filed by: Crocker Shelly
10K WIZARD
12:10 PM ET Nov-30-2023
http://archive.fast-edgar.com/20231130/AH22422CZZ2R82T3229L2CY22PE5RZ22Z252
Filed on: November 30, 2023
Turn around specialist is a very sharp woman https://www.shellycrocker.com/
So is it time to put a fork in HCDI?
Can the remaining board pull this company out?
How many are bag holding from before the split? I never thought they would have dropped so much, some 90% . Just can’t figure out if should filler cost average or just leave be
$HCDI - Up 5%/ Current Price $2.95
Secures $19,950,000 Loan with Sound Capital to Refinance Belfair View Apartment Project
YES I HOPE THIS TOO
Today is the meeting and with this super small structure, any positive information can explode the stock.
imo
Tomorrow CC will be interesting, watching this closely.
yes here : ... looks Link .... short sale on offering $4.95 then it went up again - Monday meeting, SS is great, stock exchange is future, last news were very good , imho
https://ih.advfn.com/stock-market/NASDAQ/harbor-custom-development-HCDI/stock-news/91047697/securities-registration-statement-s-1-a
Did HCDI have an Offering on May 11? Is that the reason for friday drop?Don't see any news release about it,but there's an SEC filing from May 11(link below):
https://www.sec.gov/Archives/edgar/data/1784567/000149315223016461/forms-1a.htm
Harbor Custom Development, Inc., a Washington corporation (“Harbor,” “HCDI,” the “Company,” “we,” “us,” or “our”) is offering up to 2,087,683 shares of common stock, together with warrants to purchase up to 2,087,683 shares of common stock at an assumed combined public offering price of $4.79 per share and warrant, which is equal to the closing price per share of our common stock on the Nasdaq Capital Market (“Nasdaq”) on May 9, 2023 (and the shares issuable from time to time upon exercise of the warrants) pursuant to this prospectus. The shares of common stock and warrants will be separately issued, but the shares of common stock and warrants will be issued to purchasers in the ratio of one-to-one. Each warrant will have an exercise price of $4.79 per share, will be exercisable upon issuance, and will expire five years from the date of issuance.
Monday meeting is in maybe we'll hear some updates next week or new information and that can send the price flying over $10 and $20 quickly.
imho
With this small structure, this can bounce back to $10 and $20 very quickly
imo
chart / super little SS - should running ah
imho
Yeah this chart is just pathetic back down to $4 we go. Just pumps and dumps, I definitely got screwed with this stock, was in well before the split and down so much. All this small caps the same just insiders oump and dump
Look at the chart the last week it’s ready to explode ..recent split is what’s going to make this possible os is only 700k now
Extremely volatile, I think the recede split hurt them a lot. All rides seem to be short squeezed and then right back down. Would love to see it stay above $15
could be a good 1
good be a good 1
Out of all the plays running the last two weeks this one I think has the best chance to follow TOPS with the new + SS it sure has the set up
See I was right
Love it
Lookin for an entry point
Jump out at 15.00
But will get back in EOD if it holds up well...
Bought 1000 @ 5.00 yesterday...
So a $10000 gain in 24 hours...
I bit of luck goes a long way, LOL...
GhosT
15.38 WOAAAAAH
could see a run like TOP with this crazy market
dang I got out too early because it was halting too much
I saw the recent run was 14 should of held
May 03 2023 7.61 3.61 90.25% 4.18 13.96 3.72 3,987,664
Feb 21 2023 10.20 3.20 45.71% 7.00 14.80 6.95 1,400,893
ARGGGGGGG
https://finviz.com/quote.ashx?t=HCDI&ty=c&ta=1&p=d
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