Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The buyout offer is long gone. Why can't Black put out the disclosure now? What's currently in the way? GLTA
There are a lot more guys like you on this board than me and the PPS continues to go down. What anybody says on this board has absolutely no affect on the PPS. If it did, the PPS would be much higher because of all the people on this board promoting the stock. Black is the key to the PPS and his lack of transparency is killing it. GLTA
Many people have been saying that for 2 years now as the PPS continues to tank. GLTA
No they aren't. Here is their PR from back in May:
"However, the best defenses against short-selling are strong fundamentals, which Healthnostics' unfolding business plan continues to support. This will be validated when the Initial Information and Disclosure Document for filing on the OTC Market reporting system is filed later this quarter."
It's been 5 months. Any word on that disclosure yet?
An another PR from April detailing the defense to the shorts:
"And there are additional stratagems, the most powerful of which are the repurchase of stock or the sale of the Company."
It's been 6 months since Black put out this PR. He hasn't bought back stock or sold the company either one. Although he recommended that we decline an offer that is 10 times the current PPS.
The bottom line is the PPS is in the toilet and the CEO isn't providing shareholder value. You can blame this, that, or the other thing but Black has done a lousy job and that's about it. GLTA
You are right that the company has been around a long time and they don't care about the PPS. Unfortunately it has been going down for a long time and it's going to take some transparency to change that. Otherwise new investors will not buy because they are treating this like any other stinky pinky as evidenced by Friday's earnings announcement. GLTA
With a stock on the Dow or Nasdaq that has verifible financials that is correct. With a pinky that has no transparency that is not the case most of the time. GLTA
I'm not blaming it on the shorts like many others here. The bottom line here is there are no new investors coming into the stock because they don't believe Black's PR's. He has put out several good earnings pronouncements and the PPS is at $.0009. What else needs to be said? GLTA
Couldn't agree more RD. Lot's of PR's with no follow-up. GLTA
It was a multi-penny play. Now it's a trip zero play. Been going the wrong way for quite some time. GLTA
Yep. We've been waiting for the short squeeze for 2 years now but I'm sure it's just around the corner. The shorts are shaking in their boots. All the way to the bank. GLTA
The evil MM's and manipulators have been doing this for 2 years now. So what is Black's answer to overcome all this evil? He said he could provide value by either selling the company or buying back the float. He hasn't done either and we sit at $.0009. GLTA
That's correct. The market doesn't believe him. We gained a whopping $.0001 today as a result of the earnings announcement. If the market believed Black's numbers the PPS would be much higher. GLTA
Good post RD. What do you think Black should be doing to increase the PPS and why don't you think he's done it to this point? GLTA
Yep. We got big time MOMO from yesterday's blockbuster PR. Up $.0001. Go HNSS!!!
Need some accountability from Black and some reality on this board. People have been blaming the lousy PPS on shorts and manipulators for 2 years now and refuse to hold Black accountable. If Black's numbers are truly accurate and he was doing a good job of providing transparency, the PPS would be substantially higher. So instead of blaming the evil MM's and shorts( which he said he had an answer to-buy back the float or sell the company-but isn't doing either), shareholders should be looking at the lousy job our CEO is doing instead. That's reality as we sit at $.0011. GLTA
The stock certainly doesn't go up or down because of what somebody says on a message board. It's has more to do with what the CEO says, or doesn't say, or does, or doesn't do, that impacts the PPS. GLTA
I've been enjoying it for 2 years as we watch the PPS sink into the abyss. How could I not be? GTLA
I am the company. Along with every other shareholder. That's what happens when a company goes public and sells stock. It's not Black's company, it's owned by the shareholders. Got it?
If Black truly had shareholders interests at heart he could immediately increase the PPS with a stock buyback. This is stock investing 101. Doesn't he think his company is undervalued at $.001? If he doesn't think it's a good investment then we are all in trouble. GLTA
Unfortunately they have been doing a better job than Black to this point. GLTA
It's supply and demand. Simple economics. GLTA
If they were buying significantly the PPS would be going up. GLTA
Agree. It's like crying wolf so that's why the PPS doesn't move with these announcements. And there is no reason why the company wouldn't be investing in it's own stock at these low prices if the earnings are what they say. It just doesn't add up. GLTA
Exactly. The numbers look great but the market doesn't believe them. If the profits are what Black says they are, why isn't the company buying back it's own stock at $.001? The current market cap is only around $250K and they say their profits for one quarter are more than that. They could buy back the whole float and increase the PPS greatly and Black's net worth as well. GLTA
To Frans: I don't have PM but Black hasn't followed up on many PR's he has put out. i.e. full disclosure, Fortune 500 company working with, 2 large German companies supposedly interested in buying Microfill machines, etc. etc. What is their to dispute about that? GLTA
Looks like HNSS shareholders would be excluded from attending. Maybe somebody on the board that has received a reply from Black(not me ever) could arrange for a personal visit and demo on the Microfill machine and then post pictures on the board. Black is all about transparency so I'm sure he would embrace this with open arms. GLTA
Here is the exact wording from the PR for your info:
NEW YORK, NY--(Marketwire - 07/20/11) - Healthnostics, Inc. (Pinksheets:HNSS - News) has been authorized to present its shareholders with an offer to purchase a minimum of 51 percent of the Company's outstanding shares for $.01 per share cash.
The Healthnostics Board of Directors had approved this transaction and agreed to recommend it to Healthnostics stockholders. That recommendation is now withdrawn. The Board believes the offer to be inadequate.
Go back and read the buyout PR and Black's recommendation that we turn it down. Now we are at $.0007. How's that for shareholder value!! Go HNSS!!!!!
We don't know how many Black owns or how many are in the OS. Now if we had some transparency we might know those things but that's all speculation at this point. The bottom line is Black recommended we vote down a buyout at $.01 and we are sitting at $.0007. What is he going to do to at least get us back to the amount of the buyout offer and provide some value to his investors? GLTA
Black came out and recommended to the shareholders that they reject the offer and I'm sure he consequently voted his large block of shares against the buyout. i.e. the "buyout" never had a chance to begin with. GLTA
How can I have any confidence at $.0007 when the CEO just refused a buyout at $.0001? What's there to be confident about? The PPS is in the toilet, the CEO doesn't talk to us, nothing about the company can be verified, they don't answer e:mails, etc. etc. GLTA
You might want to wait for better prices though. You can probably average down all the way to $.0001 if you like. GLTA
It should be here right before Minn Pak. GLTA
Looks like the shareholder value is continuing today and we have total silence from our fearless leader, Mr. Black. Those evil shorts are at it again as they have been for the last 2 years. What is a CEO to do? GLTA
Shareholder value is what I can sell my stock for. Right now it's $.001. The goal is to buy low and sell high. Right now we can only sell low. GLTA
Shareholder value=PPS. What part of this don't you understand? GLTA
I have to add a dose of reality to the board here. There is zero volume and the PPS is at 1/10th of a penny. Black just turned down a "buyout" for $.01 because he says the PPS should be higher than that but we are no where near what we could have gotten if the buyout were accepted. When is he going to get the PPS north of the $.01 we were supposedly offered? He could start by giving us the full disclosure that was promised. Any reason why he couldn't come out with that now that the buyout is history? GLTA
Volume is off the charts. Black is doing a great job of bringing new investors to the party. GLTA
Yep. It's a great day in HNSS land!!! The market is going gangbusters and our PPS is in the red again. But we got a great diagram on the business!!!! Go HNSS!!!!!!!