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I guess this would make me wonder who would benefit from a high valuation of the licenses, and a resulting high payments to the privately owned NTI?
( these payments may include a 77% stake in HCTI )
So far, those licenses have been worth a negative $34M while NTI principals and related parties have benefited.
Seems to be a rigged game in regards to the licenses.
" our current market cap is ~$554,000 . HCTI licenses alone value this higher "
This goes well beyond business ability. The management is genius, at least as far as separating investors from their money.
From day one they have bled this company and those that invest in it, using funds after the initial offering to reward principals.
Then, they continued to reward themselves and their related party friends with stock awards, $15k a month consulting fees, 25% interest on loans, etc. etc. etc.
They did that while incurring almost $34M in losses, and incurring $8M in debt.
Then, they departed from their pre-14c and created 1.6B authorized shares with the reverse split. They also created the option to give a 77% stake to NTI which they control and is private. Their IR
department has outright lied to investors.
They have bled, and continue to bleed investors. No matter what happens, the investor has lost out.
They will continue to try to sucker in new money with vague recycled PRs in an attempt to pocket more investor dollars. It's just the way they do business. Why would you not think you've been scammed.
" I don't think scammed. Just these guys have zero ability in running a successful public company. Praying for a buyout. I would say wait and let the revs do the talking but yeah.. "
If theyve already launched a product why are they keeping it quiet?
Seems like they should be having a PR blitz to promote it.
Wouldn't the fact that a modified product might be developed and
A patent issued to HCTI and a partner indicate that
The patents currently held by NTI offer little in the way of
Protection? Makes me wonder again why HCTI may give more than a 75%
Stake to NTI. Somethings not right with this self serving arrangement.
I guess Steve feels we're already on a suckers list after
Dealing with him and HCTI and maybe he can scam us again on a biofuel.
I think management has been deceitful, but theyve also covered most of the bases. Theyve included warning in filings that they may not be acting in shareholder's interest due to their participation in NTI. Also, theyve kept a lot out of the filings, and have issued a lot of conditions in the PR, "seeking to develop", may bring in revenue "up to $4M" , etc. We may not like what they've done, but I'm not sure there is anything actionable?
Mick, how would you recover anything?
What could be the basis of any action?
I'm seeing the 52 week high was $2.16
52 Week High 10/1/2015 | 2.16
Thanks, that makes sense I guess, if its tough for them to
do the split adjustment.
Man, this goes down with the "D" coming off, not good.
Up 5000% ???
How the heck was that calculated?
What happened, I thought this would take off
the day they removed the D?
Hybrid Coating Technologies, (HCTI)
$ 0.051 ?0.05 (5000.00%)
Company loves Steve, he does just what they want him to do.
Why would they break up the happy family?
So, if I'm following you, the consultant took a big hit with those warrants when the Reverse split occurred. Why would HCTI do that to someone they paid big bucks to, $15k month, up to 25% for loans, etc. Are they done with him or rewarding him in another way?
Warrant holders are unaffected because the options and exercise prices
Are proportionally adjusted. Splits themselves have no effect since prices are split adjusted.
But I still can't find an excercise price, is that kept secret?
That shows that the warrant holders were protected from the split, but I've never seen what the excercise prices were. Usually that's disclosed somewhere?
What is the excercise price of those warrants?
If the excercise price wasn't adjusted with the Reverse split
Then the holder wasn't damaged by split.
Symbol HCTID not found on Yahoo. Error 404
But HCTI DISPLAYS just fine.
didn't the 25 shares that trades yesterday
Do so at .08?
Other sites are showing different prices including
Thursdays closing price .1199
Hopefully.Yahoo will improve with sale.
NTI must think the shares will still have enough value to make it worth their time. They certainly did when they received 8,113,116 shares of HCTI in 2014. Look how quickly HCTI OS got up to over one and a half billion, and yet the shares still Had value. Indeed, dispute the previous dilution, the option for further dilution, some still think HCTI is undervalued and a buy. I think management of NTI is expert at manipulating dollars out of investors hands and into their pockets.
No need to panic as those involved in NTI have had control for awhile. Still, doesn't seem right that they voted themselves compensation to bring them up to over a 75% stake in HCTI. Common shareholder seem to get little consideration but have suffered huge losses.
It should be a given that there is not a conflict of interest as exists with HCTI management being involved with a private company that will benefit at investor expense.
IBM and legitimate companies don't operate like that, shareholders would vote the board out. HCTI investors don't even get to vote. In the end, they'll only be left with crumbs, the main course having been given to NTI.
Did HCTID just trade 25 shares for the day. At 8 cents that's two dollars total Trades? What the heck is going on to have so little interest in the company?
ALB is the otherone, along with CBI for gasoline component.
CBI. www.cbi.com
For the clean gasoline component
Had moved up after announcement but
Down 5% today
Excellent find, even if a bit disconcerting. I guess everything has
A trade-off. Perhaps new formulations will address issue somewhat?
Is this stock not allowed to trade before one pm, or are
The market makers part time now?
Thank god the volume and price are going finally moving, I couldn't take another day of nothing happening. Wait, that's not HCTID, never mind.
Bid .14. Ask .20. Volume 0
Third possibility is it just sits here and hardly moves or trades.
Is there a way to buy one share at $5 to liven things up?
What criteria would you use to determine if it's "real"?
After all the false starts, losses, recycled PRs, etc,
What would make this finally real to you?
Hasn't that agreement been extended and doesn't the option you all are talking about expire December 31st 2020?
Now option is to issue a controlling stake 52% for NA, SA, and Europe, 10% for for Asia, and 15% for spray foam.
Just like you have the last trade price of $1
Bid $0.0112 ask $.95
But the bid is fake?
Lets see if any shares trade at $1 tomorrow.
I think it will trend lower.
Working towards an update? What happened to the ones on
His desk a couple weeks ago awaiting approval by the company
To release? Sounds like he is walking this back a little bit,
Doing damage containment after split.
Volume is 120 shares so far today
And bid is .05
That was irresponsible not disclosing it was an old failed deal.
Which gets me wondering if there's really a market out there, if it will take more legislation to develop one. Reportedly, there are at least two non-iso products that have been on the market for over 20 years.
What happened to the deal?
Did it survive?
MAMA NOT LIKEZ!
Don't think about the things you fear is an interesting
Investment strategy.
Not sure how that will work on OTC stocks, or HCT.
May the force be with you.
That makes no sense, if its on the shelf thats knowledge the competition already has if they're even remotely interested.
Somethings not right here.
Who is the second company, besides IF, that has product on the shelves?
If there's product on the shelves, why hasnt this got a bunch of press?
Why keep it quiet?
Werent financials at Pharmor and Enron also audited?
I think its a plus, but it depends who does it,
what info the company gives, etc.
What was stated was that anyone holding HCTI had lost money,
and if by holding it is meant to convey a long term long position, then it is factual.
Many have made money, but only short term, or only by getting in and out of the stock.
Price history of stock is horrible.
Down from $16.00 when it was solar in 2009, to $1.55 in 2012 and now
$.0011 So the poster was quite right if he was pointing out that long term holding of this stock would have produced large losses.
Blackshirej, youre a gentleman, even if we have differing opinions on the management, we both like the green product.