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Mathas non reporting s-corps, c-corps, and llcs have alot of leaway in regards to owner lending. I am the president of the farm corp. I lend it money every year (where I get the money I lend the company is of no concern to the IRS) along with outside financing and also those great govenment entitlements. I am allowed to do so and in addition charge the farm interest equal to that charged by convential lenders. At the end of each year I have to pay all loans (but not those great entitlements, LOL) in full and deduct if from the bottom line of the corps profits. I have to claim the interest earned as personal income. Any monies I take out of the farm accounts after that time have to be in the form of Dividend Payments, Directors Fees (there is an allowable limit on those because they are taxed different), or as a draw/salary. The Dividend Payments, fees, and or draw are taxed at my personal tax rate and the difference left in the Farm Account is taxed at the Corporate rate.
I was not speculating. If I knew the post had profanity in it I had to have been able to read it. It might have been deleted since then but at the time I could read it that is how I knew it was there.
Post 2748. If you want to call someone a liar Irritant at least cover the evidence. Lord, turned it into Raging Bull in less then a week. You are something else.
I did not say you were intimdated or backed down. I simply said he has found a new place where he can push the envelope threaten you into doing things. The post with the attacts are still there so is the post with the profanity. Every new person to the board can read over them and see what they have in store for them if they post. Not a good environment to walk into.
It turned into it today. He is sitting there aruging with you. Cused in a post and refered to someone as mathazz to try and hide another one. This has nothing to do with entirity. He picks fights on the other board to make people see his way then he attacks them relentlessly. He has now found a new place to do it with a friend he can threaten into protecting him.
Did not even take him a week. A few days of ganging up on one poster and now we have blantant personnal attacts and cusing all in the sameday.
You dont get it do you. Peter is the sole board member and Gannon is the CEO. You can call for it till you are blue in the face but the point is it is not going to happen. All the shareholders combined can not vote either one of them out. Nobody has a problem with you posting your opinions here. Everyone seems to have a problem with you running into the ground something that is impossible. And you yell it out several times a day, everyday. If you have a valid opinion then post it. What you are wanting and/or saying is not a valid anything.
I agree the company is grossly mismanaged. I agree the company would be better off with new management. But what you are wanting is impossible. You are going to have to learn to live with that fact and post around that point.
With that said I am off again. The dusters should be wrapping up the final field and I have work to do.
Not to add fuel to the fire here Billy but is being hand selected by Peter supposed to be a good thing?
As for Etrity. I agree he kind of pounds it into the ground, no more so then Lou with his "Naked Shorting" and MM manipulation, but Etrity has a very valid point.
Gannon came on board when Peters legal troubles where gearing up. Peter knew he had to step back a little bit and make a real go of HPON or be pinned to the wall for that one too. (Can anybody honestly say the disposible phone only business was ligit to any degree?). I am sure Gannon understood the importance of getting a ligit company going under the HPON shell.
Based on this you can come to two logical conclusions. 1) Gannon knew what was going on and got into anyway, which makes him an assorsary after the fact. 2) Gannon knew nothing about any of it and came on board, which makes him grossly imcompatant. Either way he is in a lose lose situation.
And in the final summation. The ignore user button is there for a reason.
How about that mad cow disease? I think it is caused by eating Squarel brains.
That MM manipulation theroy would hold water if the MMs were able to raise the Authorized Shares to 10 Billion and were able to dump 2.25 Billion of those shares into the market in less then 6 months.
The company can not support the current, and rising I might add, O/S based on its current operating level and amount of verifable good information available to the investing public. If, and that is a hugh if, they release financials, total unit sales, etc that could support the companies "stated" position then the PPS will rise based on current adjusted O/S to support said information. Until that time the PPS will continue to fall as the O/S count continues to rise.
As for Billy and the unforseeable. I am sure that if 90% of the time, or more, Billy put out expensive chemicals and something went wrong (rain, tempature changes, etc) Billy would find another line of work.
You watch....Its all about the greed until it gets over .002 then it goes back to wise investing and sliding back down the hill again. Well maybe I should not say wise investing. I am after all invested in this thing. My broker still laughs at me everytime we get together about my little holding. She refused and fought me for two weeks about buying into this so I started an account and did it myself. Many a day I wish I would have listened to her. Thank God she handles the real investments and just updates me weekly on them.
Well I have to get to bed. Have to get up at 0500 to finish up the last field so the crop dusters can come in and do their thing in the afternoon. As much as they charge for Chemicals and Cropdusting I really should get me a plane and do it myself. Or see if they have a seperate subsidy for that....LOL
I know man. If you read over my old post he and I got into it one day with his highlighted insults etc and you jumped on both of us about it. You are not here to make everyone happy. You have to do what you have to do to keep it going and nobody is going to hold that against you. You give equal billing and equal grief to both sides in the debate. Like I said No harm No foul.
No matter what anyone thinks of management, the company, the product, the legal issues or anything else for that matter. History has always doubled it, or more, withing a week of seeing these lows. Always. Its all greed driven now and HPON has no control over that. The Day traders should be in the mix in the morning and it will be in the .002 range by close of business.
Man you know me. I just go with the flow over here. Everone post their views and picks within reason. They dont hold grudges and do not bring family or kids into the mix. Its all good.
One great thing about being out of town and the PPS dropping like a rock. All my buy triggers went off and I loaded slap up. I had them set at .0015, .0014, .0013, .0012. All 4 of them went off. If it runs now I have right at 4 Million more shares to dance with.
I have on this board. It is not worth the effort to do that on the Raging Retard board. It will be just more of the same over there.
I am telling you man....They are cuter then a new born baby and just as tiny. I might just keep mine for the S & G factor.
Just got around to going over the stock market info that I have missed. Looks like HPON is set for its usual little pop after hitting this kind of low. I am betting usual resistance at .0016 and .0027 before it starts to bottom out again due to day trading sell offs.
LOL...you go boy....If you dont get it my daughter is growing tired of it already. Might let you have hers for what I have in it. She wants a new PDA Phone because a girl at school has one. I am hoping HPON will start selling the theirs soon. I will have to buy two of them when they do.
I agree that the contracts signed with the distribution companies are a good thing. It would be a great thing if the companies they signed the contracts with did not still have Hop-On phones listed as "Coming Soon" and "Available Soon" weeks after the contracts were signed and said distribution companies were pushing the phones.
Would really be a black eye to Hop-On if the companies sold the phones, Hop-On did not or could not delivery said units, orders were cancelled and Hop-On was dropped as a vendor. I can overlook that happening in the past (or should I say alot in the past), but the new and improved Hop-On doing it would be a death blow at this point.
I am with you on the not seeing "naked short selling" being a problem with the current PPS. Besides the company was diluting fast enough and dropping the PPS fast enough, for whatever reason (Good or Bad makes no difference) that picking up cheaper shares has never been a problem.
Dont be so hard on yourself irritent. Someday you will see PM for who and what he really is and you will then have a clue about something.
Since the iditement did not give an exact amount you really have no way of knowing just how much he did siphon off the company. Or even if it continued to happen after everything was transfered to HPON.
Yeah. Millions in Money Laundring is much better.
Updated O/S count on Pinksheets.com. O/S count now at 2.5 Billion.
What has always amazed me is they took over Dan Gannons company which sold and marketed Cell Phone Accessories, and was touted as being one of the largest at the time, but never have they sold any Accessories on-line via the website nor did they use any of the existing marketing channels that Dan Gannons company claimed to have had. Instead they went though one of Dans old competitors.
How many times we going to post that same news artical on the board. Its a nice artical why not post it at the top and call it quits.
AMEN brother.
I think we ought to be subsidized for it myself.
Billy you have been real quite today. Whats your pulse on the news and the whole pleading guilty to count 12 of the inditment.
With this being strike two for him I think the courts are going to force him out. If part of his plea is he leaves the company and never runs controlls are is ever a part of a public company then he will have no choice but to let it go and walk away.
Yep. June 10th. This is a federal case and he pled guility to money laundring. I think, not 100% sure, that it falls under the RECO act. Either way it is not going to be pretty. I would guess that the legal beagles at HPON are going to have a long hard road trying to get PM seperated from HPON. And if they prove that the money he laundered is somehow tied up in HPON it is all over for everyone.
It is like this. If I rob a bank and use the money to start a company or any other kind of venture when I get convicted of that crime all money and gains obtained from the original crime are then seized by the government.
If that is the case they played that one very foolish. Could have picked up about 30% more shares for the same money this morning.
The PPS is sinking like a rock.
This was posted by junkmanlong on the other board.
Court update
2/22/05 130 PLEA Agreement as to Peter Michaels (cgl)
[Entry date 02/23/05]
2/22/05 131 Minutes: Enter Order by Judge Barry T. Moskowitz: Dft #2
states true name to be Peter Daniel Michaels Peter
Michaels Michaels (2) count(s) 12 enters guilty plea; dft
referred to USPO for PSR , PO report and sentencing set
for 6/10/05 for Peter Michaels before Judge Barry Ted
Moskowitz ; all pending motions of this dft - moot; Court
Reporter: B. Harris (systems) (cgl) [Entry date 02/23/05]
[Edit date 02/23/05]
They just posted the court update on Ragingbull. Looks like Peter Plead guilty to all counts with sentencing on 6/10/05
Yeah thk. You have to be carefull or they will get you tied up in a RECO act cyber stalking lawsuit. LOL....Man that is just to rich.
I guess since the TCL website confirmed what the GSMA stated and an association as respected as the GSMA would make the statement in the first place is good enough to meet the reliable source requirements even if we were publishing said information in a "news source".
I would take a blind mans eye witness account over anything HPON said anyday of the week.
Man I do not have a problem with anyone thinking diffently then me. If you have ten people in a room and they all agree on everything you have nine to many people in the room. I enjoy different points of view, I enjoy debates, I love someone who is passoniate about something they believe in even if I do not see it that way.
I just dont like people to bash other people and have to cuss them and their familys. Debate or bash an issue. Leave the person and their families out of it.
dill pickles only.