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I'd like to do DD on those preferred shares Nik.
Problem is I did and they ammended the company article so they don't have to report on those shares. By report, I mean to the Transfer Agent. In fact they don't report at all except for the common shares that must be reported to the TA. So there ya have it Nik. HLNT is tryin ta hide all they can.
I do know from goin to the Idaho Sec of State site the following. HLNT increased those preferred shares that convert to common at 1 for 10 and then don't get reflected in the IS4 times in 2010 alone. Where those shares goin Nik?
incoming hugh.
Let me know if ya received and your take when finished lookin over the docs. Do ya wonder why these companies don't file?
Hugh.
Give me your email address again. I'll email ya some interestin facts regardin the Mark Silva, Hoss Motorsports Inc. v China Off Road Products case. None of the companies in the exhibits filed by HLNT ever existed. In fact Hoss Motorsports Inc. which filed the case and makes all the claims of it's actions and contracts didn't even exist until a year after the Primary asset purchase Agreement was signed. Seems Hoss is making claims of their actions prior to existing. They are using doce/exhibits to prove that nonsense claim that were entenered into by companies with the name Hoss that NEVER EXISTED.
NIR v HLNT.
This should get interestin, fast. I've posted about HLNT cause they're in the same class as NIR. Just a backwoods version.
HLNT just settled another suit filded by another Hedge Fund, Whalehaven. The posters on the HLNT board seem to think or want to pretend that this is a sign thst HLNT will beat NIR in court. Thgey are making the claim that since Whalehaven settled for shares it's means whalehaven didn't want cash, will hold the shares and that Whalehaven in doin so believes HLNT will beat NIR in court.
It's a shame that some can be so deceptive or dumb that they would believe any of this nonsense. Whalehaven is a Hedge Fund. Their note gives those they fund the option to pay with shares at a deep discount. The court would uphold that option but force HLNT to pay interest and all attorney fees as contained in Convrt. Notes. Hlnt showed 14k dollars in their bank account so the cash option was pretty funny to even think about. So HLNT settled for 105+ million shares valued at 2.5 + times the original note. I'll be interested to see how many of these are a new preferred class of shares that convert to common at 1 for 10.
This is all of interest because HLNT is in court with NIR over debt that is about 40 times that of Whalehaven. Their claim in that suit revolves around the fact that they believe their own CEO worked deals with NIR. HAVE WE HEARD THIS ONE BEFORE? The other interestin aspect of this is that the HLNT CEO was caught in the same FBI sting opperation that caught actor Larry Wilcox. The CEO is steven Humphries and he is cooperating with the FBI as did Wilcox who received no prison time. The message is loud and clear to Humphries "come up with the goods and you may walk". By the way, after Humphries was caught he named another convicted fraud felon named Mel Robinson as the only company director. Robinson they named his buddies from past deals as additional directors. this well known little Arkansas group then played the Humphries arrest as gettin rid of the past bad guy and now the good guys are in place. YA RIGHT. The group then voted in a class of 100 million preferred shares that convert to common at 1 for 10. A PR'd that they would never increase the company A/S or do a reverse. Now a 105 million shares went to Whalehaven, maybe the preferred and they are in court with NIR regardin over 6 million in Convertable Notes.
Read their board comments and all this is being pumped as a good sign. There's plenty more with this company HLNT. The new groups history is to create debt with lawsuits and the settle with shares. I'll be watchin this one close as are others. This board should watch the NIR v HLNT case close as well as the Humphries testimony on NIR. This one is gonna get good.
Just cause ya sell dogfood doesn't mean ya created dogs.
There's two sides ta every deal. The problem is not the systems that allows Hedge Funds terms or the how the companies pay debt. It's the people involved.
yep and the need ta understand how Hedge Funds work so they don't fall prey to the insider efforts.
There are still ways to win but it's beyond the scope of my goodwill offerin. I find it unwise to tell folks how to invest or where. I'm just a theoretical kinda dude that doesn't like stupidity, ya might say. That seems to get me involved with those who are stupid as well as those that have a beef or agenda regardin those types. I usually end up talkin about companies like HLNT by means of the back door. By that I mean I don't look at them as an investment play but instead am usually lookin at the people involved.
Hey Joe that's a 100% gain.
Savy investor in pink land will buy all day at .0001. What's the downside? Next day ya might be lookin at .0002 and that looks like a 100% gain ta me.
Hugh, I see that some of your postin friends on another board have no idea how a Convertable Note works. Whalehaven, NIR or whoever, it doesn't matter. Some think these hedge funds just get shares, sit on them or sell and that's it. I know you know the drill well but thought I'd help others understand how it works. I see you've been talkin about a settlement agreement entered into by NIR funded company HLNT and Whalehaven Fund. The HLNT posters don't have a clue how that's done. NIR has the same company HLNT in court over a huge dollar convertable note or notes.
It works like this. Hedge Funds lend money to the company at a reasonable interest rate. Say 8% on a two year note. In 6 months the Hedge Fund wants payments in shares (see rule 144) or cash payments. I've not seen one Pink company yet that paid in cash. They always pay in shares.
The share payment discount works like this. The Hedge Fund has a discount clause regardin share payment. That's usually 50% t0 70% discount off of bid calculated on a 20 day trailing daily pps average. In simple terms it's done like this. The Fund takes the lowest traded pps for 3 days of the last 20-30 tradin days. They average that amount. Let's say a company traded for 20 days and the lowest trades for 3 of those days was .01, .009 and .011. The average of those is .01. Now the Hedge Funds takes 60% off that average. That equals .004. So now the Hedge Fund converts/receives those shares. Usually just under the 5% insider amount of the I/S.
The Hedge Fund can't lose. That's the hedge. They almost always dumb the shares the next 3 days if possible and then repeat the conversion process always stayin just under the 5% insider shares owned amount.
It's nonsense when poisters like the HLNT group say that the fund will hold the shares. That's not what hedge funds do. They can't hold over 5% and not be insiders and then be governed by insider rules. They dump the shares. Once dumped they convert again and don't care what the pps is because they go by their discount formula. Anyone speculatin on Hedge Fund activity better understand the Hedge Fund Business Model. It doesn't change from fund to fund and investors had better understand how it works. Any board with posters saying a Fund is gonna hold shares is simply trying to intice new buyers, also called pumping. After all, if you don't have buyers when the converted shares are sold the pps dives fast.
Going ta bed?
That was a good idea. you're already in DREAMLAND.
What the hell are you talkin about?
Doesn't matter? What doesn't matter? Humphries is gonna talk about his companies and NIR Group. He turned HLNT over to Mel Robinson who is a humphries on steriods. Public companies don't get brought out unless the seller has equity control. What was Humphries' equity position in each of the 3? What's my inability to pm mean in any of this? I get pm's bout everyday. Lots a dd info. They send it for a reason. If they want it kept private they say so. If it's public info post it. If the writer asks ya ta keep it private, do that.
Fall on his swoed for Mel?
What are you on dude. Humphries will talk for one reason and one only. So he'll serve less time in prison. you seem to think I'm worried about some engine and have a bone ta pick because of that. Ya aint gettin it yet dude. I had the real engine people call HLNT which was Systems Evolution for one reason. to see if they had any clue at all about the technology they were pumpin. they didn't. Robinson has been watched for a long time. Humphries was dumb enough to get hook up with Robinson, be the fall guy for em and tried to arrange a securities fraud game with the FBI sting team. You're dealin with some of the dumbest clowns possible, pal.
Hugh.
I see you and xray are talkin about Hossusa on the HLNT site. For those that don't know HLNT is in court with NIR regardin a convertable note dispute.
The Hoss mess is an interestin DD ouest. If you look over the lawsuit where HlNT director Mark Silva received all assets you'll find that they are playin games with two Hoss companies, both controled by Mel Robinsons buddies, t5he Foster family. Charles Foster was appointed as an HLNT director by Robinson. He resigned and is now claimin a debt due him associated with Hossw. It's a share debt payment game they play. Notice in the Silva suit that they use two Hoss Arkansas entities. Both Foster controlled. The suit has no teeth because the assets are owned by Hoss LLC not Hoss Motor Sports Inc. Look it all over and go to the Arkansas Sec. of state site and look at the Hoss entities. Steven Humphries who is cooperatin with the FBI against NIR and others was part of these deals. Deals that are taken into litigation, make no sense, are partner v partner and are settled with the issue of shares. Just another area where Humphries needs to be questioned and come clean. It's all about Mel Robinson and Charles Foster along with Humphries who has admitted his fraud and awaits sentencing.
HLNT watchers need to watch the billions of preferred shares Robinson and friends created, where they've been issued, new settlement agreements and again the share trail. The game is th create a liability in court usin friendly partners and settle out of court with shares. Now HLNT has made a huge tactical mistake goin ta court with news maker NIR Group. Robinson and his directors have no shares to convert for NIR. Their 2 billion authorized are gone. They've reported they will not raise the AS or do a reverse but secretly created the huge unreported preferred share class. Those were not intended to go to a hedge fund. Robinson and his directors have other plans for those shares. Watch what I'm sayin here. Follow the shares and the Settlement Agreements while they SLOW WALK the NIR suit in order to get those shares to their intended people.
Do some DD on Jim Bolt and Mel Robinson for real examples of the plan I laid out. Robinson and Bolt served time together in El Reno Fed. Pen. where they became partners. Their trail since release has been one of legend. It got them and the attorney they use listed as one of the top 25 scam artists in Arkansas history. See the link below on that and remember that Steven Humphries who was caught in the same sting opperation that nabbed Larry Wilcox the Chips star, is now talkin to the FBI to save his ass from prison as did Wilcox. Post this stuff on the HLNT board and sit back and laugh. They also have a history you'll find of using a blog with dozens of id's to play the game.
http://findarticles.com/p/articles/mi_hb5248/is_12_26/ai_n31567021/pg_7/
There ya go BSWB, you got it.
The 1st qtr. 2008 10Q you linked is one I talked about over a year ago when posters here were askin about the forced consulti agreements. I've posted many times that those that are fishin for info need ta fish where the fish are located. Medgen is the place. Dworkin got a sentencin extension for a reason. To talk about this stuff. The kickbacks. Back when I first posted about this kickback stuff there was no Dworkin testimony. Not too many readers were gettin what I was sayin at that time. Now Dworkin and the Medgen 10Q confirms it all. NIR was shakin down the funded companies through Dworkin. End of story. The investigators need ta read this stuff and smarten up. Why would any comapany pay big bucks to Medgen for consultin for NIR/ Follow that audit trail boys and you'll find what you're lookin for. I said the same thing in 2009.
Wilcox smokes weed too.
Give the clown 5-10 for whatever. Here in Cal. that don't happen often. Weeds cool out here. Humphries needs ta come clean so the companies he put together can rebound. My main interest is his association with Mel Robinson and Systems Evolution. Big scam goin down there. Humphries needs to spill it all or do the time. He's a scared little puppy right now. Tryin ta figure out how much he needs ta spill and what he'll get in return. Systems Evolution is now named Highline Technical Innovations HLNT. Steve's partner in crime Mel Robinson is runnin that game. Steve had better talk hard or he'll do hard time.
That's really great.g
Take that stuff where it belonds. On the Dr. Ruth Show where you get get the personal issuses help ya need. When you're ok with yourselve look inta the scam goin down with the hho company ya seem to want to protect.
Ya do?
That's interestin. Shows me just how screwed up ya are. Who do ya think I post as, josey? This should be good. Better stick to pumpin that hho scam dude. You're doin a fine job. Tell Mel I said howdy.
That's key jj.
No new money and the old pullin out aint good. Too much dirt in print now ta make any investor feel the warm fuzzies about NIR. Bad PR will lead to those "settled outta court" deals. In addition those caught in the stings will spill all to save their ass. Dworkin's claim that he hid the kickbacks etc from Ribotsky means little. Ribotsky put Dworkin in his position as the contact rep from NIR. Dworkin was NIR. NIR forced companies to hire consultanta and deal makers that kicked back borrowed funds to Dworkin (NIR). End of story. Get that from Dworkin, Humphries, Epstein and the rest and run with it. If ya do get shortin and pps manipulation too it's just icing on that cake.
josey, you wouldn't touch this cause you're pissed.
I exposed the felon runnin the hho company you pump and that it owns nothin and you started postin here cause a that. Even tried to deal with me. If I'd stop postin the facts on that scam and the scammers you'd "call off the dogs of war". Ya made a mistake dude and thought I cared.
That's the ones woog.
They take the coin and then act like they got porked. Find some lawyer who's nothin but an hours billin ho and then it starts. Again. Posters post that "we gonna take down the evil empire but please ignor that our boys have a dirty trail longer than Mike Rowe. Same ole rerun with new bad actors.
Bein dirty and gettin caught dirty are two different animals.
You're right woog. CR aint been caught dirty yet. I read on the HLNT board and some others how they are gonna take NIR down. I hate to chuckle in my beer but that claim does it. Just aint gonna happen in a Counter Complaint scenario. Gonnaz be testimony from an insider.
Hugh.
The important Dworkin testimony is about the kickbacks. The brooker kickbacks. Lock in on Medgen like I know you have. All the Feds have ta do is get Paul Kravitz in the same situation as Dworkin and let him talk ta save his ass. Better yet, sit dworkin down and ask about the kickbacks tied to forced Consulting Agreements tied to Medgen. You'tt see them listed in the Medgen Q's and K's. I did a quick search and found about 800k worth. INVESTIGATORS I'm guidin you right now. Get the info on all the forced contracts with NIR frontmen consultants fron Dworkin. Might wanna chat a bit about kickbacks with Steven Humphries too. Don't forget about Mel Robinson, he was right in the middle and has more goin down now. Dig inta HLNT and pull Mel's frontman/fallguy Charlton Coats on the carpet. He's the new CEO that Mel has signin docs. I can give plenty of good direction with HLNT and the Robinson group too. Humphries needs ta come 100% clean or have him do full time.
The new posters are in mixed up mode still.
Some have posted that me, hugh and others are here on NIR's behalf. Those that have been part of this board group for years know just how off that opinion is. They also want to see NIR go down because of the Complaint NIR filed namin Systems Evolution HLNT. These are a hard workin group of posters with not much of a clue. Bothe Huge and I have posted this stuff they think of as new for well over a year. I happen to believe and Hugh probably agrees that HLNT has big problems outside of the NIR beef. Whalehaven had them in court for nonpayment of a note and now is waitin for a settlement offer. In addition their last CEO Steven Humphries has been convicted of securities violations in the same sting operation Wilcox fell for. The dude Humphries handed the HLNT keys to is worse than Humphries. Mel Robinson has a long history of fraud and did time for it. Since his release his mo has been the blog and media method of smoke and mirrors. HLNT has some major transparency issues that are in place for a reason. Robinson also has a history of using lawsuits to move shares. Settlement agreement type share movement. Some may not be up ta speed on robinson, Humphries and HLNT but I am. Just like I posted right here on this board about NIR, I'm doin the same about Robinson and HLNT. Keep an eye on that one folks and wait for the info Humphries spills just like Dworkin and Wilcox did. The Feds have had a close eye on Robinson for years. Aint no poster alive that can damage control that boys history or future.
Sorry dude, forgot a zero in the first post.
Steven humphries got caught in this sting operation.
He'll be singin his song to save his butt real soon.
'CHiPs' star gets probation for securities fraud
http://apnews.myway.com/article/20110128/D9L1IA7O0.html
Federal regulators said the promoters were caught in an FBI undercover sting operation in South Florida offering to pay kickbacks to pension-fund managers or stockbrokers for using clients funds to buy penny stocks.
Wilcox cooperated with federal authorities, providing information to help identity the roles of two others involved in the scheme, according to federal prosecutors.
"We believe his conduct substantially assisted us," said U.S. Attorney Ryan O'Quinn.
Wilcox pleaded guilty in November to securities fraud conspiracy and recently filed for bankruptcy.
My screen says up 100% and they haven't come current yet. They will when those financials are done. I'd be looking for the filings to start. If they do one that's audited you can be pretty damn sure they'll do the rest and come current.
That's what I,ve be postin about.
The dude gets probation cause he acted on his cooperation clause. Dworkin has been doin the same with NIR info and Steven Humphries and his partner are gettin the same opportunity. They get to talk about HLNT and the other two companies Humphries was CEO of as well as NIR. All good stuff and the news is gettin out that it's talk now or get put away time. Mel Robinson is scrambling right now, bet on it. He'll likely be the one on the run not Humphries. Humphries holds his free lunch pass is his info qualifies him.
Hey Rotaryguy.
Looks ta me like they got a handle on that accountin that was done at the old Data Center and was f'd up. That along with the old CPA. Looks ta me like anyone who bought at .001 is lookin real pretty. What's it gonna do, go below that when they come current with all filings and financial info? Not a chance, i'd say. Have ya heard anythin on the engine? I'm a bit behind right now. got some other tasks that are takin up my waking hours.
I"ll try to dig it up hugh.
A very interestin doc is the Medgen 8k. I believe it was in 2008. It stated that they made almost 100% of their revenue consulting for other companies. Think of that when you see posters askin about NIR forcing companies to hire consultants. Medgen was outta Boca Raton. So was envision Capital. Dworkin testified about the brokers. Envision was also outta the Boca area. I'd advise anyone that is investigatin NIR to look at that group real close. Those guys are key players. Those talkin to Dworkin need to hammer away in that area. Do ya hear me guys? Humphries will get his chance first. He'll have about 5 mins. to decide his future. Once the best case / worst case is spelled out he'll get the floor and he better dance. To their tune. Next Dworkin will get some quality time with the boys armed with the Humphries info. Dworkin knows everythin about the NIR, Medgen, Envision Capital game. It's gonna be no talkie, no walkie time for both these dudes. I'd just toss out the names like Medgen, Envision, Mel Robinson etc and say "ya got 15 mins ta make us happy and if we are as long as ya need to paint the complete picture.
Sure.
I just type and post. Ya get what ya get with all the typos and grammar. What I was sayin is that Humphries has decided he needed to talk to authorities as was made available to him im his plea agreement. It's called a Co-operation clause and means that if you decide to cooperate with us and answer questions we have we'll likely recommed a lighter sentence than if you don't cooperate. They have reported that Humphries has agreed to cooperate, so they asked for a delay in sentencing to meet with him. They'll act positvely or not dependin on what he provides. If he's on the run as some have suggested he'll get locked away for a long long time. Save if he lies or plays games. This is the ultimate "come to Jesus" meeting for Humphries.
They got an extension on sentencing.
They put out bait in the form of a cooperation clause in his plea agreement. He pled guilty and was to be sentenced. Last week he asked decided to act on the cooperation offer. He doesn't have long. He's on their schedule now. I'm sure they told him to make himself scares and not to talk to any of the others of interest. NIR, HLNT etc. Now if he plays games with the Feds or talks to others he'll get the book thrown at him. There's a lotta posters blowin smoke right now while they worry about Humphries. They can post or think whatever they want. We could care less.
Yep
Both,
They all need time. Humphries has no choice about talkin. He actually does but he initiated the clause to cooperate so he'll talk. The FBI will set a time and he'll be there talkin and tryin ta make friends so he doesn't sit in prison too long. Bottom line is he's not hidin he's waitin ta save his ass. HLNT lawyers are claiming they're tryin to serve him at a vacant address. It's them that are buyin time but not tracking Humphries location down. Just call the prosecutor in charge. He'll give the contact info if he thinks it's wise. Believe me he doesn't think that's wise. they don't want Humphries talkin with others who want to shut him up like HLNT does. The homerun for HLNT would be extra time and have some one on one time with their past CEO before he talks to the Feds. Mel Robinson isn't sleepin well right now.
He's not on the run.
He's buyin time for others.
Sparky,
opinions are what Ihub is made of. Yours, mine and a million others. My opinion on Humphries has a lot ta do with his long association with Mel Robinson. As Systems Evolution board members, sub company relationships and the turning over of thr company to Robinson alone by Humphries in his last resolution after the FBI sting. as far as NIR and Humphries workin together I say go get em. I expect Humphries to be talkin non stop to the Feds about NIR and Robinson and his Arkansas group.
So everyone knows this info applies, I'll post the link to the letter from Systems Evolution regardin more time needed in the NIR case below. It was filed last Friday. It's also important to note that Systems Evolution changed it's name to Highline Technical Innovations Inc. last Spring. After Humphries got caught caught in the FBI sting the company name was changed to Highline. Highline is the name of a sub company brought in under Systems Evolution in 2009 by Mel Robinson, Humphries partner, fellow board member and finally the sole director (Robinson)of Systems Evolution now HLNT appointed by Humphries upon his resignation.
Link to the letter below.
https://iapps.courts.state.ny.us/fbem/ViewFbemDocServlet?documentId=pjKNRjWOGt4p5gbWs01eaQ==&from=FiledDocsDetailURL
BSWB.
All of the HLNT/systems Evolution info is NIR related. They are in a major lawsuit with one another and the past CEO is about to be interviewed by the FBI about NIR per a Cooperation Clause in his plea of guilty. All of this stuff revolves around those associated with HLNT/Systems Evolution and NIR.
Masny posters seem to be very upset that this info and case is gettin a lot of attention. SO WHAT? That's what this board is for. The ECMH talk is totally off topic here and only has come up because of my interest in that technology. I've gotten many messages along the "you lay off us, we'll lay off you" lines. I don't really care what they write on another board and agree that it belongs on that board unless it has NIR related material. Material beyond "NIR funded them" because we all know who was funded and after one post it's just plain off topic.
Hugh.
The request for time in the NIR v Systems Evolution HLNT case is predictable and expected. David Walters' company STI Group owned Systems Evolution. Do some DD a on Walters and you'll see him as CEO/Board Member of numerous public companies. He was also a broker. Humphries became the CEO of Systems Evolution per David Walters. Mel Robinson was humphries partner but needed to be a background string puller because of his past convictions. Much is coming out about this group on this board because of the NIR connection and lawsuit in NY. NIR could not be NIR without guys like Walters. This whole group lives for creatin and issuin shares.
Systems Evolution which is now HLNT needs time because of the info that has come to light as of late. Who better to ask to help out then Humphries and Walters? HLNT needs to talk with Humphries before the feds do and that will be very soon. I doubt the feds will work with Walters but Humphries is key. Everyone is worried about Humphries. Humphries is worried about his length of sentence. What humphries has to say will have a huge impact on the NIR v Systems Evolution case. They need to find out what he does spill before they can think through that mess of a case. Very bad decision makin at HLNT with that Counterclaim. As you can see the HLNT supporters (chuckle) are quite upset that info is bein posted here and elsewhere by you and others. There seems to be an organized attack aimed at any who post accurate but unwanted info.