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Could you explain a little, for someone who is not great at reading the charts. . .
Thanks, it is much appreciated.
grafix-max
I took the placement to mean a PPM, Private Placement Memorandum. But I could just be assuming since that is what I am familiar with.
Dr. Chavis' e-Mail
I haven't tried this yet, but this is what I wrote down during the conf. call
DrBenjaminChavis@H3inc.com
grafix-max
New Press Release
H3 Enterprises, Inc. President and CEO, Dr. Ben Chavis, Sets Date of September 25, 2007 for Opening of First HipHopSodaShop
Tuesday July 24, 11:42 am ET
Highlights of H3 Weekly Teleconference Documents Company Progress
NEW YORK, NY--(MARKET WIRE)--Jul 24, 2007 -- H3 Enterprises, Inc. (Other OTC:HTRE.PK - News) President and CEO, Dr. Ben Chavis, announced that Tuesday, September 25, 2007, is the date that has been set to open H3's first HipHopSodaShop in St. Petersburg, Florida. Dr. Chavis made the announcements yesterday during a live worldwide Internet TV broadcast that covered H3's weekly progress report.
Other highlights of the H3 teleconference and web broadcast included updates on AMC Industries being retained to provide the furnishings and finishings for the HipHopSodaShops; the successful test marketing of H3's joint venture partner POP N GO's popcorn machine in Dr. Chavis and Russell Simmons' offices in New York City which will lead to hundreds of new jobs being created in area neighborhoods.
Details of H3's development and establishment of the new H3 Players Video Gaming League with the experience and acquired assistance of Jordan Edelson, Cheo Vidal and their eSportsTV web site were discussed and fully analyzed as was the redesign of H3inc.com (http://h3inc.com/) and HipHopSodaShop.com (http://hiphopsodashop.com/) with Jacob Leshaa and Jared Weiss respectively.
In addition, Dr. Chavis announced initial discussions between one of the nation's top 100 beverage companies, Meridian Beverage Company, based in Chicago, IL, and H3 concerning the development and expansion of an H3 Beverage Division inclusive of BG7 and other H3 energy drinks, bottled water products, and other healthy white tea beverage products.
"I have personally discussed with Jason Maples, President and CEO of Meridian Beverage Company, his desire to explore a joint venture relationship with H3 Enterprises. Meridian has already established solid distribution networks throughout Wal Mart, IGA Supermarkets, Pilot Truck Stops, and other mega-giants in the beverage and energy drink markets. I am pleased to report that our missions are similar and our core values in the market place exactly the same. Thus, we will work together in a mutually beneficial manner," stated Dr. Chavis.
Live video Web Conference doesn't seem to be working either.
That is all I am hearing as well.
What are you basing that on?
Short Position Link
On the OTCBB you can find the short position for HTRE each month. Here is a link:
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
Grafix-max
From my limited understanding here is what I know. Every trade must have a buy and a sell to be complete. Short selling is a sale (or request to sell) of a security that you do not own. Orders to sell short are placed with the anticipation that the market price of a security will decline so that you may then purchase the security (buy to cover) at a lower price.
Shares must be available for loan either through an internal inventory or through agreements that are in place with external brokerage firms. When short selling, the risk of loss is potentially unlimited and you may be required to cover your short position at an unfavorable price.
However I don't understand this either.
"423,900 shares declared short as of June 2007, the failure to deliver in shares of HTRE has not been resolved and a buy-in is imminent"
G-max
So it seems we're looking at the middle to end of September to get a CO: 5-6 wks to construct, 1 week to install, plus another week or two for inspections and/or problems, etc.
You may need to clear your cache in your browser. When I click the link I get the regular site.
G-max
and how do you know it is insiders dumping and not the MMs pulling their same old tricks?
Good to see the spread narrow and that noone is 'hitting the bid'!
g-max
Cyber, is that free trading or restricted stock? If restricted, they can't dump it in the short term. A lot of BBs and Pinks who don't have working capital will pay for services with restricted stock certs. I was subcontracting my services with a company and was paid in free trading stock on a monthly basis. This went on for a year simply because they didn't have the cash flow. This company also paid PR companies (scammers) to pump the stock. The only ones who won were those PR Companies. They eventually drove the stock price down. I was afraid H3 was doing the same thing with buyins.net - but I don't know for sure. Not even sure if they are using them now.
g-max
Today's Article - St. Pete Times
Hip-hop school of business
HipHopSodaShop aims to teach socially responsible capitalism to youth.
By Paul Swider, Times Staff Writer
Published June 14, 2007
ADVERTISEMENT
Business News Video
A long-delayed plan to make St. Petersburg the launching pad for a new hip-hop concept is getting new life under a new boss with some national clout.
Dr. Benjamin F. Chavis, former head of the NAACP and longtime social activist, has taken over as chief executive of H3 Enterprises, the parent of HipHopSodaShop, which plans to open its first store in St. Petersburg later this year.
"I'm here to indicate a sense of urgency," Chavis said Wednesday about the store at 8901 Fourth St. N that was to have opened last year but has lagged. "This is the prototype. I want to do it right."
The St. Petersburg store, which is being built on the site of a former Chinese restaurant, is intended to be the first of a worldwide chain, Chavis said. The shop will bring together hip-hop music, gaming and healthy food with an ethos of community investment.
Chavis said several hundred thousand dollars will be invested in the first location, without being more specific.
H3 hired Chavis and his firm, CEF Management, as the company's board gets serious about its novel business model. Pitching itself as the first publicly traded hip-hop company, H3 is planning to use HipHopSodaShop as a vehicle to promote sound business, teach investment to hip-hop youth and incorporate social responsibility into what Chavis describes as a unique business concept.
"This is a model development," said Chavis. "We hope the rest of corporate America will look at this."
The St. Petersburg location will include the name of one of its earliest supporters, former Tampa Bay Buccaneer Warren Sapp. The shop plays on endorsements and involvement from others in pro sports and hip-hop music.
Chavis is a co-founder, with hip-hop mogul Russell Simmons, of the nonprofit Hip-Hop Summit Action Network, an organization aimed at recapturing the social consciousness of original hip-hop and using its popularity to effect social change.
"For the last three years, Russell and I have been talking about teaching financial literacy to young people," Chavis said. "This is the perfect teaching tool. We're going to put it into practice."
After a career that started with Dr. Martin Luther King Jr. and moved up through the Nation of Islam, Chavis said he's culminating in concepts of business success driving cultural development.
H3 and HipHopSodaShop have garnered attention in the two years since the company was formed by 25-year-old Brian Peters and a partner. They've gone through several iterations of management, put forth numerous plans for rollout and attracted notice from the hip-hop and sports communities, but have yet to put a store together. H3 has launched BG7, a white-tea energy drink being test-marketed in Chicago and named for Bulls guard Ben Gordon.
While the concept of monetizing the popularity of hip-hop has been attractive, the pink-sheets stock has rarely traded above a dime recently, though it did get a bump last week when Chavis took over. Still, others are waiting to see how the concept plays out.
"If they really want to reinvent the soda shop and make it a cool, positive place for kids to hang out, that'd be great," said University of South Florida marketing professor Carol Osborne. "But they really need to pull off a unique one."
Osborne said tapping into a community of interest has worked before, noting the popularity of ESPN Zones that cater to sports fans. She said something like hip-hop might be tougher because youth trends can change so quickly.
Osborne wondered why the first store would be in St. Petersburg, but Chavis said the demographics were ideal and Sapp's influence would aid the launch. He said the next location will probably be in Harlem at a site near the Apollo Theater.
Stores are also planned in Jamaica, South Africa and the United Kingdom, among other locales.
Chavis said he'll continue to work out of his New York office, but will be a regular visitor to St. Petersburg while the store is being built and after.
"In hip-hop terms, this is not a drive-by," he said. "I'm going to invest myself."
Fast Facts:
HipHopSodaShop
Parent company: H3Enterprises Inc., based in New York.
Concept: A hip-hop-themed healthy-food-and-beverage store that also offers hip-hop music, merchandise, live HD sportscasts and cybergaming.
Origin: Founded in 2005 by entrepreneur Brian Peters, 25, and a partner.
CEO: Dr. Ben Chavis
Financials: Though publicly traded, H3Enterprises has reported limited financial information. It has a market cap of $4.7-million. Its stock, which closed at 9 cents a share Wednesday, has traded between 4 cents and 44 cents.
Here's the link:
http://www.sptimes.com/2007/06/14/Business/Hip_hop_school_of_bus.shtml
g-max
I missed your post re; Pinchas L. filing to sell the 600k. Where did you find that filing? Also how can I find out who the "insiders" are?
Thx
g-max
My 2 cents. . .
I work for a public company in the custom homebuilding arena. We are opening a new Design Center in New Orleans. We too are renovating an existing building. We have our own in-house decorator, GC's etc. My role in the company has nothing to do with building, but I do know that we secured the lease in Dec of 2006 and the Design Center is still not completed. The sign alone will take 10-12 weeks to have built and installed, not to mention waiting on all of the vendors to install their components. We first wanted to open mid February, then it was the end of April and now we are not even speculating. It just takes time renovating an existing bldg and getting through the city bureaucracy.
IMO - load up while the stock price is sooooo low.
Thanks for the pix FLSun.
Thanks for the updated pix & info. You're 'da bomb'!!!!!!!!!!
Here is the press release
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_May_16/ai_n13719424
Aerial shot of HHSS#1 Location
here is the link (use Firefox as your browser)
http://www.pcpao.org/vdb_main.php?pn=173019866520000011&sn=0&idTool=true&aerFlag=1&o...
Link for the county tax records on the property
http://www.pcpao.org/
Click on "Search our Database" / by address
8901 4th Street N
Records do not appear to be updated or else the bldg is not owned by H3. Last sale is recorded 10/1983.
Could you please explain "11 DMA" to a novice?
Thx
I am new to iHub, but here is my 2¢. . .
Wade is hosting according to PR Newswire on Sept 28
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/09-28-2006/0004441770&...
Here is a another confirmation
http://blackvoices.aol.com/black_sports/columnists/playerslife/_a/dwyane-wade-connects-with-spike-le...
btw. . . I own a few thousand shares and wish I was in a position to purchase more.
grafix-max