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"As of right now it will be through increasing sales and market share, to buy back more shares." As revenues increase, the goal with buybacks, and increasing revenue assist to get the share price to over a penny.
If one is willing to hold the position, will see an increase in the share price over time.
To do a reverse split before revenues, and uplisting, could be the share price collapsing below a penny anyway, and stay on the pink sheets. - Not sure if Halitron is going in that direction. Trust is a question with any company on the pink sheets, where we are seeing low volume with doubt on halitoron's future.
Positions on the pinksheets are criminal.
Halitron is going legit & off the pinksheets.
Adding to one's position, and expecting to pay 1's are over.
This company is trying to go legit. Increasing the outstanding beyond 10 billion will further hurt halitorn's effort.
10 billion x .0002=2 million.
Revenues increasing, then anything could happen.
Buyback is only an assist to the uplisting. Not a full buyback.
Revenues keep pushing on the 8,8 billion outstanding shares, till the price starts getting near .001, then HAON can go for the uplisting to the otcqb.
The year's not over yet. This maybe a fast uplising when it happens.
Companies don't pre-announce uplisings to the otcqb.
Ok to increase one's position. We won't be seeing 2s much longer.
Haon new web page: https://www.halitroninc.com/
Check out the client list of companies Halitorn does business with. As the revenues increase, a higher trust level will be needed with a move out of the pink sheets.
Q3 starts on July, so whatever news, Bernard Findley does, or as usual doesn't do will most likely be in the 3rd quarter.
There's no evidence management has lied to the investors, when HAON stated: "No Reverse Split Planned. As previously communicated July 11, 2017, Management does not anticipate a reverse split of the stock to achieve the increased share objective but rather is forecasting for increased sales along with future accretive acquisitions whereby the cash flow from operations can be utilized to buy the shares back in the open market." - When the uplisting is ready to go, the buyback also has a duel purpose to assist in the uplisting to the otcqb, where it does not have to meet a full buyback.
Haon won't try the uplsiting till the end of june, or Q2 is complete, so buying time.
Your thinking old school.
Companies don't have to announce the audit was completed, where the buyback is only to assist for the uplisting to the otcqb, not including the increases to the outstanding.
Halitron has increasing revenues, and showing financials, where wanting to be viewed as a non-pinksheets company, will have to complete the bid test to .01, and uplsiting to the otcqb.
Time for HAON to get off the pinksheets.[color=red][/color]
"Halitron would like to announce that the company website http://Halitroninc.com will be up and running by June 22, 2018." - When the web page is up, and running then maybe updates on the uplisting to the otcqb.
The buyback is only to assist with the uplisting, not buy up all available outstanding shares, whereby forcing the bid price past a penny.
Management only stated: "No Reverse Split Planned. As previously communicated July 11, 2017, Management does not anticipate a reverse split of the stock to achieve the increased share objective."
However, once the 'share objective,' or uplisting to the otcqb is completed, expect a reverse split of 1:100 to 250 for taking down that 10-billion on the outstanding.
Staying on the pinksheets as revenues increases, will eventually harm Halitorns ability to maintain earnings, and at some point will have to go for the uplisting to the otcqb.
The sooner the uplisting to the otcqb, the more revenues Halitorn will receive with a higher, and respectable share price, where "management does not anticipate a reverse split of the stock to achieve the increased share objective," and the "share objection" is to get the bid test at .01, and uplisting to the otcqb without being viewed as a pinksheet stock, which is hurting the ability to generate greater profits.
Haon wants out of this garbage situation, and become respectable with an uplisting to the otcqb, with a profitable company.
Halitron Inc.
There has been no new shares issued by halitron. Just a reminder to shareholders that Alpine Securities will no longer be accepting sub penny stock deposits = no new shares availble to be issued.
Alpine Securities - "We make markets for OTCQX, OTCQB and OTC Pink issuers and are one of the industry leaders in filing 211 applications with FINRA."
So we have no reverse split before the objective (uplisting to the otcqb) is reached, and "no new shares availabe to be issued," with no increases to the outstanding.
The stage is set for an uplisting to the otcqb.
The buyback is only an assist in uplisting.
Should be a quick rise to the top.
High volume = Uplisting period.
From 3/05/2018 "No Reverse Split Planned. As previously communicated July 11, 2017, Management does not anticipate a reverse split of the stock to achieve the increased share objective but rather is forecasting for increased sales along with future accretive acquisitions whereby the cash flow from operations can be utilized to buy the shares back in the open market."
This plan may already be in the works, and completed by the end of June, with a reverse split in July.
* "Management does not anticipate a reverse split of the stock to achieve the increased share objective." - The share objective is achieving the bid test to .01 for 1-trading day with the uplisting to the otcqb.
* "future accretive acquisitions whereby the cash flow from operations can be utilized to buy the shares back in the open market." - This also implies revenues can be, but most likely won't be used "to buy back the shares on the open market, and can be done all at once to get the uplisting, or 'share objective.' - Then some time in the 2nd half of 2018, we could see a reverse split of at least 100:1 to give Halitorn 100 million outstanding.
Halitorn may do a fast version, so they get the bid test to .01 for 1-trading day out of the 30-day uplisting period, where it could be high volume to the penny at close, then drop the following day, and still make the uplisting to the otcqb. Later in 2018, then a reverse split of 1:100 to get the outstanding to 100m.
The no reverse split in only until "the object" is reached, or uplisting to the otcqb, then they will be free to do a reverse split.
Your Buyback opinion is wrong.
"On October 30th, 2017 the Board approved a stock buy-back program to acquire shares in the open market up to .01 per share under the following black out guidelines," where the buyback is only to assist in the uplisting, and not buying back shares over the course of several months," which will not be pre-announced, and have the bid price close at .01/share for 1-trading day during this 30-day uplisting period.
If the ask goes to .0005 with higher volume, one may guess the 30-day uplisting period has begun.
Running orders - want to get off the pinksheets.
Companies never pre-announce a reverse split. Haitron stated: "Management does not anticipate a reverse split of the stock to achieve the increased share objective," - The "share objective" is the uplisting to the otcqb, which should be completed before the 2nd, or 3rd quarter. Than a reverse split, either before the 3rd, or 4 quarter of 2018, and possibly early 2019, where we can expect a 1 for 100 - 250 reverse split.
Halitron only has to get the bid test for 1-trading day to close at .01 within this 30-day uplisting period to complete the uplisting to the otcqb.
As of April 25, 2018 -- InvestorsHub NewsWire
"No Reverse Split Planned. As previously communicated July 11, 2017, Management does not anticipate a reverse split of the stock to achieve the increased share objective," - The "share objective" is to get uplisted to the otcqb, that's all halitron management has said. Once the uplisting is completed, one can expect a reverse split of 1 for 100 - 250.
Doesn't matter how many shares on added to the outstanding with a reverse split by the 2nd half of 2018, and uplisting to the otcqb.
Once the buyback begins, then the 30-day uplisting period has started.
Be careful on announcing these types of large of block buys, where management also reads these post, otherwise will give Halitorn another reason to dump more shares on the outstanding.
As new revenues comes in, Halitron will want to get the bid test at .01/share for the uplisting to the otcqb, and without a reverse split.
Management only has to close the bid at .01/share for 1-trading day out of the 30-day period. Where one could imagine a run for .01/share at the close, with a down on the following trading day, and make the uplisting to the otcqb. - After making it to otcqb, one can expect a reverse split in the 2nd half of 2018.
What percentage is investor owned vs company has in their outstanding? - Also, with the help of the market makers, HAON wants to get Halitorn from the pink sheets to otcqb, not play by the rules with retiring shares.
The company only has to get the bid to close for 1-trading day during the 30-day period to get the uplisting to otcqb. later, in the 2nd half of 2018 there may be a reverse split.
Halitorn is in a "share buy back program to help support increased share price," however, is not dependent on the buyback program to get the bid test to .01/share, whereby, could also suggest the 30-day uplisting period from the pinksheet to the otcqb may have already started.