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Lots of shares being sold @ .0013.
If these guys were half as good at selling phones as they are at selling shares, we'd all be gazillionaires.
I suppose that's as plausible a theory as any.
.0013 - Not your typical reaction to "good" news.
Yes, trk, I was impressed with HPON's presence at CES two months ago. I bought-in based on my positive opinion at that time. But now I feel as though I was suckered.
As they say, actions speak louder than words, and the action of massive share dilution, is, in my opinion, more telling than any PR's or nice display at CES. It tells me they have no sales, no revenue. Or if they actually are selling product, then they must be squandering funds hand over fist.
What kind of salaries is mgmt drawing? Did they fly 1st class to Europe? Stay in the finest hotels? I'm just wondering where the millions have been going if this company actually has revenue. Or is this venture just a "make-work" program for mgmt that couldn't get jobs elsewhere?
Any other stock would jump on news like today's. But as others on this board have make clear, mgmt uses every positive PR to dump more shares into the market.
That's why, at this point, nothing short of recent, audited financials will change my feelings. I'm not talking about 12/31/03. Let's see 12/31/04. If my current opinion is proven wrong, I'll gladly apologize.
You can keep your fluff PR's. They're meaningless, IMO.
Give me a certified, audited, financial statement that indicates some actual sales and I'll believe that this is a real company and not a scam.
The stock price is back to December levels. Approaching .0010.
Nice action today. .005 to .007 in an hour.
Actions speak louder than words. PR's are merely words. Continuing to sell stock and dilute is an action.
If and when the dumping ever stops, we'll know they have some REAL business.
So just since November HPON has dumped 1.5 Billion shares on the mkt. Figuring an avg price of $0.0033, that's $5 Million they're raised and/or spent in just the last 3 months.
It sure would be nice to know where that $5 million of OUR dilution has gone. That's a lot for trade shows/salaries in just a few months.
As the number of outstanding shares increases, one of two things happens:
The market cap of the company increases;
or the price per share decreases.
Without evidence of sales, I don't see the market cap increasing.
Announcing December "news" in February is somewhat unusual. I'm guessing it was needed to gain some crediblity at Mexican show. Sometimes a little name-dropping can be helpful.
The stock action has been typical. Some excitement, met by heavy selling. Those hotel rooms aren't cheap.
How hard is it to proof a press release. Maybe The Ruth Group has gotten tired of being paid with ever-diluting stock, and their work is reflecting their dissatisfaction.
I'm pretty sure you're being sarcastic. If WIRX is selling any quantity of HPON phones, I doubt HPON would be dropping below .002.
I'm finally realizing that I was pretty foolish to buy stock in HPON. With an ever increasing float, there's really no way for the price to appreciate until all the authorized stock is sold.
And then, of course, the company will run out of money because there's no more stock to sell.
I knew there was a reason I'd stayed away from the Pink Sheets before. Too bad I was impressed by HPON at CES and decided to invest. Live and learn.
No wonder the stock went down the toilet. This is from the 10-Q.
>>During the third quarter of 2004, the Company raised $1,440,000 by selling 80,000,000 shares of common stock issued under Regulation E.<<
So while the stock was trading somewhere between $4 and $2, they were selling shares for less than 2 cents apiece.
Unbelievable.
Nice PR. Their plans sound good, but do they actually have any business operations right now?
Based on the multi-million share blocks being sold today, I'm guessing mgmt is raising money for the trip to Cannes next month.
You've got to compare market caps, not share prices. It's much more meaningful. With about 1.6B shares o/s, @ .0025 the market cap of the company today is $4 Million.
How many shares were outstanding one year ago? Multiply that amount by .07. How does it compare to $4 Million?
Just a guess, but the timing indicates this deal may have its roots at CES.
FWIW, WIRX was a .03 stock a few years ago. It's now $2.25.
The exact same feeling I got while talking to mgmt. at CES in Las Vegas.
>>I think at this point Hopon doesn't care about PR or the daily monitoring of the share price.
I think they are building the pipeline, working on some deals, and holding some cards that we can't see, and then they will drop some big bombs that will launch the pps, burn the shorts, and prove the skeptics wrong.<<
Talks to be acquired at 600% to 1000% premium over current market price? Will the Brooklyn Bridge be thrown into the deal? That "rumor" doesn't seem to have much steet cred.
Your guess is pretty optimistic, unless of course you've misplaced the decimal point.<g>
There has been some buying interest this morning. Maybe the rumor has something to do with it. Where have you heard this rumor circulating?
The webcam may show great disparities in HPON's CES traffic. Here is an explanation.
A booth right next to HPON has product demonstrations that occasionally feature celebrities, namely Jackie Chan and Tom Arnold. The good news is that the foot traffic to the "neighborhood" is greatly increased before and after the appearances. The bad news is that during the celebrity appearances, the HPON booth is virtually deserted. Anybody nearby is facing away from HPON watching the demonstration. When the celebrity appearance ends, the HPON booth get an influx of visitors.
Nah, it's a four day show. We want the boys sharp on the weekend. <g>
Re: CES Cameras are definitely allowed, and are very common. I took a shot of the HPON booth, but have no idea how to upload and post it. I'll be happy to if somebody tells me how.
I'd estimate that the surveillance systems were only about 15% of the exhibit. It was phones, phones, phones.
I stopped by the HPON exhibit at CES severly times today, and I can honestly say that if stock price were determined solely by show displays, HPON would not be a sub-penny stock. They have high visibility in the hall, a good location, and a very profession appearing presentation. You'd never know that Garmin or Transmeta were more substantial companies.
The 1st hour or so was understandably slow, but by noon the booth was hoppin' (Pun intended). I counted 3 members of senior mgmt, plus about 6 to 10 others manning the booth. There were many, many phones on display, plus lots of well designed fact sheets and some surveillance equipmt.
I overheard many comments about the "tiny, cute, phones". Frankly, I was surprised to see that the stock price had declined today. The senior mgmt member that I spoke to seemed unimpressed by the recent stock activity, and expressed his opinion that the price should eventually rise to a level more reflective of its true value.
Based on my impression at CES, and due to the fact that I'm in Vegas, I plan to double-down on HPON at its current price. I think it's a good gamble.
I'll be able to answer any specific questions about the show after I go out and party for a few hours.
I will be at CES this week, and plan to spend some time at the HPON booth.
FWIW, the original CES literature I received showed HPON with a tiny little cubicle in a not-great area of the show. Frankly, I would not have bought shares last week, even with all the hype, had they been in that space. Every year I see many hundreds, if not thousands, of wannabe companies in spaces like those.
The up-to-date show info shows HPON in a much larger, free-standing booth in a much better location, both as far as foot traffic and neighbors. The are now not to far from Logitech, Epson, PalmOne, and Viewsonic to name a few. The upgrade in exhibit space convinced me that HPON at least BELIEVES they have something going here.
I try to post Thurs evening about my observations, if I'm not too wasted from the parties <g>.