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One is Cheng, one is Chen. Not sure if those are equivalent in English. Also one has a hyphen and the other doesn't.
Not the same guy. Names are spelled differently. New CEO is tied to LingHang Group, not Masterlink.
She is the one who has info about the changes in the company, so although she is not a "PR" person, per se, she is the one that Harvey is referring people to for questions, and she is the one who gave me the information that I posted.
I don't know the name of the new company as I did not ask. I believe you already know the PR contact as you posted her name awhile back.
Jody Walker
J.M. Walker & Associates
You can look up her phone number.
Agreed!
LingHang is involved somehow, but she could not give any details, so I don't know anything more than this. I did mention in an earlier post that LingHang owns an industrial steel company, and one of the byproducts of the tires is steel, but that is just speculation on my part.
Ok, guys. Got PR contact for new company from Harvey and spoke with her today. Tires and pyrolysis are still involved as subsidiary company. Harvey is on the board of subsidiary. Company will change names.
Since HiTec is an OTC company, they go by FINRA rules not SEC, so no 4-day rule to release a PR applies to them. They are not obligated to release a PR, but they probably will at some point. I put in a word that some have been waiting for news for years :).
They have to work through the name change paperwork with FINRA which will probably take 1-2 weeks. Then maybe a small PR about name change, but probably won't release full details until they have the business plan fully worked out, board of advisers, etc. Sounds like this will be big, but not going to get a lot of direct info for a little while.
Hang tight everyone!
etcetera,
I don't think chairman of MasterLink is same person as name is spelled differently. Chairman of MasterLink is Chen Chun-Hung. New CEO of Hitec is Chun Hong Cheng (with "o" in "Hong" and "g" at the end of "Cheng"). Is that who you think is the same person? Please clarify--thanks.
NVSOS does have same person as new CEO of Hitec with same spelling and address also listed as CEO of LingHang Group. That is the only business connection that I see.
Thanks for all the digging. Not much to go on here :)
One of the byproducts of the tire pyrolysis is steel.
Looks like LingHang Group owns a steel company called Wendeng City LingHang Steel Structure Co., Ltd.
Perhaps there is a connection.
See this link near the bottom of the page under Linghang Estate
http://www.linghanggroup.com/enabout/
Here is a snippet from the website
LingHang group's Company Wendeng City LingHang Steel Structure Co., Ltd., is a well funded technology of steel structure production installation enterprises, with steel structure professional contracting Erji qualification, has a large number of a solid knowledge of basic theory and engineering experience. Senior and intermediate technical staff. Over the years has been working together with the national metallurgical sector, mainly engaged in heavy steel structure plant, light steel plant, Gao Cenggang structure, large span steel structure, space truss structure, design, production and installation.
Company's existing 20000 square meters of steel structure production plant, 5000 square meters of modern production workshop, the automatic NC cutting, automatic welding equipment of special steel structure production line, with the domestic industry in a unique steel at Large shot blasting machines and other equipment.
Linghang steel structure company is the first development of Jiaodong Peninsula, the development of light steel structure of one of the specialized enterprises. Has the most advanced H type steel production line, can complete the automatic cutting of the steel structure of the material - group of automatic spot welding - automatic submerged arc welding - the full range of Automatic correction of blast - coating drying line. With Germany's Siemens inverter technology C steel production units and color steel tile forming equipment, shelf, light steel and heavy steel structure design and production manufacture and installation in one of the specialized enterprises.
Since the company was founded, adhere to the scientific concept of development, strengthen enterprise management, strict production standard, implement the "quality of survival, to efficiency for efficiency, innovation for development" operating idea, science and technology as the guide, to quality as the yardstick, Paul The qualified rate of the construction project is 100%, and the excellent and good rate is above 90%.
Just spoke with Royston on the phone. He told me that there is an 8K coming out today with some information. We shall see...
tradinfool5,
Can you please contact me at autovaton@gmail.com? I have some info that I have dug up in my research, and I would like to collaborate with you if possible. I don't have private msg capability on i-hub.
Thanks.
tradinfool, how do you know this? Did you speak to someone in the know?
Those comments start at 31:45 in the presentation if anyone is interested.
Jim said that the other geologist from Bingham Canyon said that this is the "doggiest" (which Jim translated as "poorest") mining project he has ever seen since it cannot even fit the Bingham Canyon mine inside it. This was sarcasm as the Bingham Canyon is or was the biggest copper mine in the US and is the largest man-made excavation in the world according to Wikipedia. Jim then said he has since discovered that they actually could fit the Bingham Canyon mine inside of Hay Mtn.
Pic of Bingham Canyon mine.
If you look at the bottom of the last PR, it mentions Global Edge International. Looks like GEI is helping them formulate their business plan and raise capital. I think Jeff Michel resigned as he is with Southwood Partners, and HTIC is now employing this new group to help them. I expect news of the new arrangements and direction will come out soon as they have been working on this for awhile. Here are some useful links:
GEI
http://globaledgeinternational.com/
Douglas Castle
https://www.linkedin.com/in/douglascastle
MAM, that was me. I talked to Tracy again a few days ago, and she said the same thing. She also told me that she can say that things are continuing to progress on all fronts related to news that has been already released. I expect to hear something this week. They have certainly had plenty of time to get a PR ready :)
Fizzman, can you elaborate or post a link? Did some searching, and I don't see anything.
Spring Hill Bioventures was mentioned in 8-K dated 10/09/15. Convertible debt for paying for updating/auditing financials and other business plans:
Separately, Viropro announced that it has entered into a definitive agreement with Spring Hill Bioventures (“SBV”) through which the company may raise up to $500,000 in convertible debt. SBV has agreed to an initial commitment of $200,000, with an additional $50,000 available upon the achievement of certain milestones. The proceeds of the financing will be used for the preparation of audited financial statements, the implementation of the company’s strategic plans and for general corporate purposes.
At or prior to maturity, the note may be converted by the note holder, or prepaid by Viropro with notice to allow the note holder to convert. If not converted or prepaid within 12 months of issue, the notes will automatically convert into common stock of Viropro at a conversion rate of $.005 per share.
If the full value of the notes are purchased, note holders will be granted warrants entitling them to purchase from Viropro up to 35,000,000 shares of common stock at a price of $.03 per share. The notes carry an interest rate of 12% per year.
Under the terms of the agreement with SBV, additional notes may be sold up to the $500,000 maximum prior to December 31, 2015, subject to a minimum purchase of $50,000.
Wasn't able to respond to this yesterday, but looks like the question was already answered by the link below related to comments by management on the Agoracom board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119760316
The comment by management is exactly what Tracy told me the other day.
I talked to Tracy yesterday. The quiet period is not over. It is related to the S1 which they are still working on. She could not give me a date when it would be over, but she did say that Briscoe had some things that he was waiting to say and felt constrained by the quiet period as well. They are following the advice of their legal counsel.
From what I understand the current management has filed the proper paperwork with the AMF. They have signed their names to the financials for the year that they have owned DRAG/HTIC, and they have filed what financial info the were able to dig up for the historical years. But the AMF wants them to sign their names to the financials for the historical years when the company was under different management. They won't do this as they are liable for those past years if they sign their names. That is the impasse, I believe. Apparently FINRA was satisfied with them signing off on the current year and just reporting what they had for historical years.
I agree that he needs to understand that DRAG shareholders are now his shareholders as he bought the company (with us included). He has a responsibility to keep us informed and "own" us like any other investors. Not sure if he views us as a distraction or a potential benefit to the company. I surmise he is just focused on making the business work and the whole "shareholder"/public thing is new to him. The people he has working for him will help him to see that in time, I would surmise.
I spoke with a board member on the phone yesterday. Apparently Harvey and another man are on a hunting trip, and he is going to speak with them about a press release when they return. I told him that shareholders were very interested in:
- Business plan
- Relationship among the various HiTec-related companies
- Financing (specifically the 27 mil. that was mentioned previously)
- Seeing the new website (hiteccorp.com) turned on.
He told me that the website has been finished since last year, but they were waiting for the symbol change to clear before releasing it to the public.
Harvey is more of an engineer than a business/PR guy, so I think he has to be "coaxed" into releasing news (just my opinion). The board member I spoke to is handling the PR aspect of the business, and is, in my opinion, good at what he does, so he will see that details are released soon, I believe.
Hang in there... :)
I have asked the board member about that, but he can't divulge anything. It is up to Harvey as to when and what he wants to say about that. I did ask him if we can expect info about the company business plan, financing etc. to be PR'd once FINRA approves the symbol change (which has now happened). While he did not give me any specifics, he did say that the AMF/FINRA situation was what was causing them to hold back info. So, I expect something soon...
Actually, they were waiting for FINRA to clear the name change due to challenges with getting past financials (before DRAG became HiTec) up to date for the AMF in Canada. The attorney letter that was released helped to make the case that current management is up to date with the financials that happened under their watch and should not have to sign off on financials for years under past management. Apparently FINRA agreed and allowed the symbol change. I have been in touch with one of their board members throughout the past weeks--this has been a long process.
New Today:
Hay Mountain Project: Drill Holes Selected on Two Outcrops Showing High Grade Copper
Published October 13, 2015
Hay Mountain Project: Drill Holes Selected on Two Outcrops Showing High Grade Copper
Liberty Star makes decision to drill holes on the two gossan outcrops showing high grade copper, discovered in Sept. at Hay Mountain. Encouraging results will dictate another 9 holes resulting in a line of 11 holes bisecting the main porphyry anomaly in an east –west direction will be drilled.
Oct. 13, 2015
As an update to our recent web posts of 9/23 & 24 /2015, we have located some very high grade outcrops near the geochemical high derived from our vegetation sampling.
In the course of detailed mapping of pervasively brecciated limestone, we came to the conclusion that in the area which we call the Chrysocolla Block where we first discovered oxide copper in outcrop, careful mapping and evaluation leads us to believe it the lower Earp formation because of a red clay marker bed at the base of the exposed limestone breccia. This characteristic of the Earp and should put us near the base of that formation about 200 to 400 feet above the Horquilla limestone, the major mineral host in the region. After ID of the lower part of the Earp, which had been mistaken for the overlying Colina formation, our skarn consultant (who was working on a not so distant drill project in the same type of rocks, containing high grade copper) pointed out that if we were at that stratigraphic level we might be right above high grade copper mineralization. This correlates with our geophysical cross sections: see graphics below.
This is the specific target we have been searching for before kicking off a drill program. This development of discovery by use of the Niton and lots of boots on the ground carefully observing rocks gave us this completely unexpected outcrop; we have made the breakthrough we needed.
This find is exciting and meaningful because it is the largest exposure so far located at Hay Mtn., and is similar to outcrops in the Bisbee mining district 15 miles to the south.
My apologies to non-technical readers making sense of these technical descriptions, however, this outcropping oxidized mineral occurrence, taken with our recent work in the area, confirms increasing mineral intensity over the previous geochemical and geophysical anomalies (see slides below) and is direct confirmation of the type of mineralization we are dealing with. This is of course not a confirmed ore body: we must drill extensively, conduct engineering studies, and make financial calculations before we can state that we have an ore body at Hay Mountain. Previously we were working with indirect geochemical, geophysical and geologic interpretation; this is direct evidence. This direct evidence coupled with our studies which indicate the geology had been erroneously mapped and the Earp, was identified as the Colina limestone which would have much further above the favorable horizon of the Horquilla limestone.
Drilling Planned-Permitting Underway
Two drill holes have been spotted over the two sites of the gossan outcrops which are about 600 feet apart. We are working on permitting these two sites plus 9 other holes across the heart of the geochemical- geophysical anomaly. With positive geological/mineral encouragement, we will continue to drill vertical diamond core holes to as deep as 2,000 feet. Bedding is horizontal to slightly inclined at the site of the first two holes. If horizontal bedded ore grade copper or other metals are intercepted we will drill 45 degree angle holes N, S, E & W to determine width, thickness and shape of the mineralization. Careful examination of newly available high resolution color imagery suggests continuity of altered surface around these two high grade exposures. Within a short distance along the line of holes the beds are highly broken, contorted and brecciated which is characteristic of the porphyry copper geologic environment: this is a good environment for lining out an important ore body.
The sequence of events of work:
Apply for a slightly altered drill permit (currently in preparation) from the Arizona State Land Department to make a slight change in the location of the first holes from where we had previously anticipated them to be along with other required permits. This we believe will take 60 days.
During the 60 days cited above continue on with careful geology and Niton work in areas within the large geochemical anomaly which had not been worked on yet.
Do road work on access roads. This will be minimal as we have already designed and permitted 60 foot wide “paths” so that we should be able to drive most vehicles over them with no road work. This should take a week.
This should give us a start time of about January, 2016
We plan on holes up to 2,000 feet deep but could be shallower. Each hole would take 20 days to drill and cost about $200,000 to drill if drilled to total depth.
RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS FILED WITH THE SEC ON EDGAR.
thora, what e-mail did you use to reach Jeff? I have called him a number of times in the last month and have not had a call returned. I used to get a return call from him same day or next day.
The PR mentions Hitec LLC as a sister company which would indicate that both Hitec LLC and Hitec Corp are subsidiaries of a parent company if they used the term correctly. Not very clear...
Has anyone tried calling Jeff Michel (Hitec director) recently? He normally returns my call by the next day, but I have not had a returned call in over a week. Now his voicemail is full.
Agreed. The long wait is tough, though. It does say something that I do get a call back (usually the same day) every time I call. It is also good to read the background of the Southwood Partners group which Hitec has retained to get the business off the ground. Looks like they have experience with this sort of thing.
http://www.swdpartners.com/
I have called several times. Jeff assured me that there is progress being made on the paperwork for Canada although not as fast as they would like. He said they have a small number of employees, and there are other things that they have to do related to the business so this paperwork is not always the primary focus, but it is getting done.
I just got off the phone with Tracy. I was asking her if she could disclose any more details about the court settlement. She said that she cannot disclose any details as the final wrap-up is still with the lawyers, but she did say that Jim is on his way home and that he is a happy man. I expect something will be mentioned publicly in some fashion regarding the settlement soon. Good to have that off of our plates, imo.
I also asked her about the non-disclosure that was announced awhile ago on Facebook regarding the North Pipes uranium project. She said that the door is not closed, but that it is simmering on the back burner for now as it is hard to get a read on the situation in that area, especially with some recent activity by our neighbors there.
She also said there is still lots of activity regarding Hay Mtn and that Jim can focus on this now without having to worry about the court case anymore.
Just thought I'd pass this along in case it is helpful to anyone.
I was at the Charlotte meeting as well. It was great to meet Mr. Briscoe and hear him speak in person. He really does seem to care about the shareholders and tries to do the right thing when making decisions.
It spoke well of his character that he has tried to build a good relationship with the Alaskan natives--allegedly unlike others in the region.
He is envrionmentally conscious, but not like the whackos.
It was good to hear the history of the company and how close things came at one point (a few years ago) to having to shut the doors. Apparently he was given a very lowball offer for the company when things were looking grim, and he refused. Then things began to turn around. We are past the toxic lending now and on much better footing.
It was also good to finally hear the real reason behind the failure to move forward with the NAK 60/40 venture. Briscoe never signed the papers because he felt we could get a better deal. I asked him if it was likely that NAK would call the loan. He said that is certainly a possibility, but He hopes to pay them off as soon as we can.
One new piece of information that has not been mentioned. I also asked him the likelihood of a reverse split taking place to get our stock price up for recognition on the higher exchanges. He said something to the effect of "Oh, I'm glad you asked about reverse splits!" like he had some info that he really wanted to convey.
He kept referring to a reverse split as a "reset". He said he consulted his lawyer friend about resets. His friend apparently told him that he has never seen a reverse split where the stock held its new value after the split (I'm assuming he meant penny stocks), so they did not do any good. He then said emphatically "No resets!"
So looks like he is assuming we will have value enough to make the number of outstanding shares not an issue.
I think I also heard him say that they had raised about $500,000 in private placements so far so they would need $1 to $1.5M more for drilling in AK.
While there is certainly still risk involved, I came away from the meeting encouraged in what I own.
Wow! 1.2 million share buy at .079 just went through.
Did anyone catch this buried in the 10Q released today (p. 13 near the bottom)?
What does this mean in regard to our Uranium claims?
"Annual rental fees for a total of 1,344 federal lode mining claims for the North Pipes project in the State of Arizona that were due on September 1, 2010 were not paid and the mineral claims have reverted back to the federal government. The Company paid annual rentals of $60,340 to maintain 431 federal lode mining claims for the North Pipes project. "