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Omega3Man,
Have you listened to the interview?
Doesn't it make the most sense to hold off the PR until they complete the buy back, report at least another quarter of revenues, maybe make another acquisition or pay down some outstanding debt?
The interview revealed that the company has huge assets, including a lot of valuable real estate. They don't need to dilute - the convenience stores generate the cash they need to fund improvements, acquisitions, etc. The CEO is rich so he doesn't need to dilute to pay his bills or the company's.
I agree with davidam - some of these shares are being sold by people who wanted to turn the quick 5-10 cent profit or who thought this thing was going to skyrocket within a week or two. That is fine if that is how they view the stock. Some of us see it much differently and will be happy to wait out the company, the market, and other investors.
The guy is a multi-millionaire - he owns 3 car dealerships, a cemetery, a restaurant - is the CEO of a billion dollar bank, and a $100 million holding company. Who knows what else. He doesn't need the change and is looking ahead (like me) to real money. If you listened to the interview you should realize that we aren't dealing with a rookie, some clueless chump, or a fly by night con man. He is as surprised by the stock price as we are, that is why he is doing things to FORCE it to move - R/S, retiring other share types, buying stock with his own money, and buying stock back with company money. I am sure at some point, he and his team will sell their stock, but it won't be for 5 cents a piece.
I think the interview, the financial documents, etc. speak for themselves. This is a real company with an outstanding, experienced CEO. I am willing to wait a long time because this stock will increase significantly in value. If you guys can't see the difference between this one and 99% of what is going on on IHUB, then maybe you should move on.
I would be happy to pick up some more at .18 or .20!
Hey mkt_predictor,
Maybe we could get the link to the interview with Terry Lee put at the top with a yellow sticky note. It was a great interview and potential investors could only come away impressed with the management and future of HTLJ.
Just unbelievable.
Adonis,
Wasn't that a great interview? This guy knows what he is doing. He is conscientiously working at moving up to a new exchange. Obviously the company meets all the requirements except stock price.
The interview is fantastic. This is not the everyday penny stock CEO or everyday penny stock. I would love to hear a more recent interview, but there is more than enough here to get a good idea of what is going on at Heartland. Thanks again, skibum1!
Around minute 26, he talks about the low stock price and how surprised he is that the company is so undervalued. This thing is gold, friends.
Wow, this dude owns car dealerships, a cemetery, a coal company, a restaurant. No wonder he can pump money into stock in his own company. Also, he is still the President and CEO of Commercial Bank.
Around 16:30 he talks about the fact that he is a banker and constantly watching the balance sheet. He says we will not let our debt out weigh our balance sheet. The company will be built by acquisitions at a controlled paced.
Good job skibum1!! Excellent resource.
I noted this in the document you just posted:
Common stock acquired through the repurchase program will be held as treasury shares and may be used for general corporate purposes, including reissuances in connection with acquisitions, employee stock option exercises or other employee stock plans.
If you look at some of the documents filed by the company they have given some shares to employees already.
Adonis,
A couple of questions:
Think we will see some movement this week?
When do 10-Q's generally come out?
Fewer shares available or no interest?
Don't you recognize the guy in the picture - of course he got out at .007 - THE TOP! He's the best!
I talked to him last night and he is still bullish on UWRL.
Nothing cuter than a baby!!!
Adonis, Let them figure it out themselves or move on. This board has been decent up to this point. Let's keep it that way.
Adonis,
I figured that would get your attention. At home I am surrounded by my boys - all Habs fans.
GM to you, Adonis
Go Caps!
2.00 per share is about a million between us!
Yeah, it changed right after the open. Still the right direction, though.
Nite is on the bid at .27 this morning. Slight uptick!
Adonis - thanks for the info earlier. I was able to get a few more today, but am still short of my goal. Looks like some new faces are moving in - bonne chance à tous!
Looks like there are fewer and fewer shares available.
My complaint is I haven't been able to clear any more money from other stocks in order to buy more here. I hope it drags a little while longer!
The daily volume is definitely increasing over the past few weeks. That is a real plus. I read the business plan from last year again and these guys really seem to know what they are doing.
More share buy backs?
I was looking at that 2009 business plan. Since April of 2009, they have cut the number of outstanding shares in half and we have seen that they are buying back (personally and corporately) a significant number of outstanding shares. That 900,000+ share purchase by Mr. Lee says a lot and it sure will yield him a big payday.
For what is worth - Terry Lee looks like my kind of CEO. Looks like he has a real CV as well.
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The PR we can expect is another 300-400 million shares.
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Looked real good to me. Slow and steady wins the race with this one.
Too funny! Guess we still have laughter!
Not a bad day - looks promising for tomorrow.
That's right - I had the number 3.6 in my mind, but it was 4.6. Nonetheless, he is making full use of them. He has almost completely killed interest in the stock with these sales at .0001.