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Not worried. Already filed amended financial statements on their acquisitions back in March. Also, just engaged Weaver & Tidwell as their official CPA firm for all financial reporting. Growing their business as usual. We'll just have to see who's right here. Tick tock...
Great news today. Another commitment from management on how their vision is one of growth and transparency.
Decent volume today. More news to come. I smell another acquisition. Could be a big fish. Maybe even a whale. Longs will have to keep patiently waiting...
You are a smart man trying to accumulate a million shares. I have almost 3 million @ 0.012. I could of easily dumped already and made a good chunk many of times. Holding for the big payday. Big players are sniffing around this gem. Just don't wait too long...
Just weak impatient hands that aren't getting their instant gratification with a big pop. Longs will be rewarded. Insiders don't buy shares above market price because they are worried about their company. Big deals being made behind the scenes. Compton's are all business. It's heating up.
I agree. A lot more insider buys reported today. Just getting ready for some exciting news...
Not worried. Spring cleaning. Getting rid of "C players." Keeping the "A & B players." IMO
No options, Harold Compton had to report that he acquired a half million more shares. More confirmation that you shouldn't be worried.
We are good. The updates and reporting need to keep trickling in. Will only be concerned if the news goes cold for a while. So far they are very transparent and quick to respond. We just need to stay that way. Still long & holding here...
I just got back from vacay...CFO lasted less than 6 months...I don't like that at all.
Last Insider transaction was May 5, 2012 and it was a purchase. Last sale was Jan 12, 2009. I am alert, but optimistic that this isn't a dump because they are already paying themselves handsomely through salaries. Believe it or not, I don't think it is them selling. Just MM's trying to scare the commons to free up some shares and cheapies.
News is out on revised financial statements. What stands out the most to me is EBITDA increased from 2.1M to 2.4M. All good here. Change was for the better as far as I am concerned, because now they pay less taxes. Who said the SEC can't help you out?
Agreed. Once the larger institutions know about this gem it will be too late for the commons to get in. We are in a great place.
I think the SEC wanted to just make sure their accounting is legit since they are an up and coming penny stock. They have huge potential and have doubled in stock price in the last 2 years. Most importantly is that we have the financials updated and loaded up to EDGAR's. The timely response from HASCO on this matter is amazing. More proof how committed the management is. I am just amazed how HASC is one of very few legit penny stocks out there and that the SEC came sniffing through their financials. Especially with all the other terrible Pump & Dump Penny Stocks that get away with murder. Anyways, bottom line is that I am very impressed on how fast they fixed their accounting error and now are in good standing with the SEC. Passing the SEC sniff test alone already feels like they are paying me dividends;)
Now to the financial statements. I primarily just focus on the statement of cash flows which also shows the balance sheet. This is what is most important for now because it actually shows the adjustments and changes that were made. Balance sheet first, the main item that negatively changed the most was their accounts receivable which was reduced by 1.9M. Although, so was their accounts payable reduced by 1.6M. So a 300K reduction in overall revenue ain't all that bad when you get an extra 3.7M in inventory added to the balance sheet. This just means that they carried over a lot more inventory to sell in 2013 which again is a plus for the 2013. Okay, now to the statement of cash flows. We are in the BLACK, that's all good news to me on a penny stock. So still a solid profit for 2012. I actually love the added depreciation and amortization expense of 1.28M. As anyone that knows anything about accounting that depreciation and amortization is a non cash expense.
So to answer your question, John, I think that this is all great news and I am actually quite relieved. Can't wait to see the 2013 year end numbers! I am pumped!
Okay, we should have the 2013 annual recap by management in February(8-k) and then should have the 2013 financials in late March(10-k). I see lots of movement in the next couple of months!
Time is on your side when you own shares of superior companies.
-Peter Lynch
Nice buy! Yeah, you remind me of Buffet buying Goldman Sachs at the bottom of the Great Recession. Everyone thought he was crazy, but ended up being one of his most profitable trades ever... This is some serious opportunity to get in low before they start releasing news... I am gonna pick up some cheapies, too!
Thanks, John. I believe you are correct on this. Also, when Hasco clears up the financial reporting on the acquisition(s) with the SEC I believe there will be even more uptick. 2014 should be an awesome year! Happy New Year to you, sir!
Personally I think it is small institutional investors getting in before the big run, because they just found out about Hasco from the MicroCap Conference. Could be something else, but I am more excited about where things are about to be going.
Yes, sir! Wow, largest volume day in about a year and the day ain't over yet. This is going to be a fun ride:)
Should see a lot of volume today:)
Very wise! It doesn't get better for an opportunity for cheapies on this gem. I'll thank the SEC finally for once on this pullback in stock price. I am with Jonny for 0.25 price within the next 6 months. Mark this post. Most undervalued penny stock today on fundamentals. Say what you want, but the future will unfold the real truth on this beauty.
The news out today is a little good and a little bad. Never like the SEC kicking the tires on financial statements. I know Hasco is fine and will rise above, but just hate the short term impact it has to SP and possible future investors. Oh well, overall can't stop this train from great success.
Nothing too out of the ordinary. We regularly get a spike or flurry of activity every week or so. Nothing like the volume should be or like it is going to be in a few months...mark this post!
I am betting on some juicy news this 4th quarter that could put us on the map. This board could get filled fast with some newbies. Sure would make it an awesome Christmas.
Yep, you nailed us. John & I have been secretly PM'ing each other. We can't wait to unload everything. It's all a conspiracy..... C'mon, man. Nothing like that. Couldn't be further from the truth. Speaking of the truth, I am up way over 300% with my shares and could of easily unloaded everything, taken my profit, moved on, but I believe in this company and am long-term. Hopefully, you see the value in what I am saying and you realize we are value investors and not just pumping this one. We are all just a little excited being on the ground floor on this one. Don't let our excitement and day-dreaming make you believe that we have ulterior motives. I would like to think that we can all be supportive of Hasco and each other and wish for the very best...
I believe it is the MM's not only creating volume, but also establishing a solid bottom for when things get heated, because since we(us on ihub) control a good 10% of the float. They know we could easily impact the price heavily if we decided to unload. This is an awesome sign. Another good omen.
Show me another currently existing Penny Stock with a wealthier individual as the Chairman of the Board or head executive, because I would love to know.
Most Penny Stocks are scams that have very little transparency into the executive team. I believe it matters almost everything, because these are the people that are running our business and making all the decisions when I comes to growing as a company. Do you want a bum off the street or an individual that can show that they are financially responsible and business savvy to accumulate this kind of wealth? I hope you would pick the latter.
You got it, Johnny! This is a rare and beautiful penny stock story that is about to unfold.
Btw, let me add that this is Dallas, Tx where the average home value is about $500,000. How many omens of good fortune one must have before it's too late to get in? For the commons, I feel sorry for you...for the all the shareholders, it's about to be a beautiful thing!
Just decided to "zillow" Harold Compton Sr.'s house value for fun based the Form 4 filled out yesterday that was posted under the news. Looks like daddy is sitting in a 2.1 Million Dollar home. How many Penny Stocks have a Chairman of the Board with this kind of personal financial clout?
Yep. What a beautiful thing. Patience will be rewarded. Tic toc...
Yep, good call. You got insiders acquiring more shares at market price. Still considered cheapies, but for how much longer?
Yep! Based on their 10Q filed last year through September 30th, we should have them in the next 45 days or so. Do you hear that? 10, 9, 8, 7, 6, 5................
I like to wonder how many other acquisitions Hasco is working on? If they have done over 4 acquisitions in the last year and a half, just imagine the size of the next few acquisitions with their new CFO(who specialized in mergers & acquisitions for Deloitte & Touche) and their new technology infrastructure(which was bought for more acquisitions). Grow, baby, grow! Based on those facts we have ourselves a certified goldmine. Just a matter of time...until then I'll just keep accumulating and wondering.
A new high on the SP, that's what's happening...
Here is an acquisition target that I wouldn't be surprised if they closed on in the near future: www.performancemobility.com It's right up their alley as far as gaining more market share and moving their footprint to the west. Highly likely. Grow, baby, grow!!!
They had the team all along and the vision. We got a new CFO and huge new network infrastructure all in a month. Now its all about execution, which they have been doing since the inception. This the last call for cheapies. Can't stop this train. All aboard!!!
Yep, those MM's think they are really tricky playing games. They obviously don't know we are value investors. What it really is, is an opportunity to pick up cheapies. Thanks MM's, we appreciate you. You can only do so much. We control the float:)