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So HRBR didn't want to file SEC reports but were forced to due to SEC rules.
Now they have failed to deliver 2Q and 3Q reports. So what happens now? Do they claim they tried to file the reports but covid caused delays.
Resulting in them getting suspended from trading due to newer rules?
Gonna be interesting to see how HRBR execs play this.
Maybe Billy FOS
So they load up by selling 500K.
LOL I think you actually believe that.
He selling already? LOL
BONZAI!!!
The Company’s business, as well as the industry in which it operates, remains significantly impacted by the unprecedented material decline in demand for air travel resulting from the COVID-19 pandemic. As a result, the Company’s management team has been focused on analyzing, and taking actions in response to, the impacts and disruptions of the COVID-19 pandemic on its business, operations, financial condition and financial reporting processes, including by seeking to maintain the health and safety of its employees and customers, assessing the impact on the demand for its services and the demand for air travel generally, understanding the impact on its key business partners, analyzing the availability of government assistance, and assessing the disruption to the economy more broadly. The continued severity and duration of the impacts of the COVID-19 pandemic are difficult to predict; thus, the magnitude and scope of the effects on the Company’s business are highly uncertain and subject to change.
This Form 12b-25: Notification of Late Filing (this “Form 12b-25”) is being filed by Harbor Diversified, Inc. (the “Company”) to seek an extension of the filing deadline for its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020 (“Q3 Quarterly Report”) pursuant to Rule 12b-25 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
The due date for the filing of the Q3 Quarterly Report is November 16, 2020 (the “Filing Deadline”). Pursuant to the filing of this Form 12b-25, the due date for the filing of the Q3 Quarterly Report is being extended to November 23, 2020 (“Extended Filing Deadline”). The Company is not currently able to confirm that it will be able to file the Q3 Quarterly Report on or before the Extended Filing Deadline.
OK..lol
ASSume the position. Here comes Billy.
LOL
Billy says bend over.
BONZAI!! Chan dishing out shares.
Bend over shareholders here comes Billy.
Maybe Billy is FOS
OUCH
Starstream Entertainment, Inc.
1227 N Atlantic Ave.
New Smyrna Beach, FL 32169
$3,000,000.00
300,000,000 SHARES OF COMMON STOCK
$0.01 PER SHARE
Maybe Billy FOS
LOL sold in .20's :)
So Billy has 9.5 million and he can't sell em? LOL
We'll see how much the market agrees when they start to dilute again. Don't worry, dilution is coming.
BONZAI!!!!
Lucky it's still over .005 with that horrendous 10Q
Yeah...he did...year end 2019 LOLOLOLOL
Rory said Verb to be cash flow positive by end of year
LOL sounds like more share financing coming.
I wonder how much non dilution will take place through next OS update?
I'm guessing 1.2 BILLION OS by update in early December.
BONZAI!! Fundamentally IGEN is worth .002 based on PRICE TO SALES OF 5 for 2020 allowing for a generous $200K revenue for 4th quarter.
It's going to $1.00 soon.
LOL
They are making progress on their OS count. It keeps moving up.
BONZAI!!!
BONZAI!! The quarter was horrible. Absolute crap. Revenue down from a pathetic prior quarter. IF not for the change in derivative of $265,000 the loss for the quarter would be $290,000. They also used $250,000 cash for operations. Up considerably from first 6 months.
For the quarter end Sept 30, 2002 the gross profit plummeted to 44% - not good.
During the nine months ended September 30, 2020, the holders of the convertible notes converted a total of $379,203 of principal, interest and fees for a total of 659,021,898 shares of common stock.
That's .00057 per share
During the nine months ended September 30, 2020, the Company issued 26,828,800 shares of common stock for the conversion of $67,073 of accrued expenses owed to the CEO and VP of Operations.
You may want to run the calculator for the conversion prices for Charlie Chen.
Maybe for 4th quarter IGEN revenues explode to $200K generating $500K revenue for 2020
If you divide $500k into 1.2 BILLION shares (yes...there will be dilution next couple months) and give IGEN a generous PRICE TO SALES of 5 you'll get a share price of .002
BONZAI!!
Under .003 per share if you do the math.
Subsequent to September 30, 2020, the Company issued a total of 18,053,645 shares of common stock for cash proceeds of $51,723.
Based on the terms of the conversion feature, the Company could be required to issue an infinite number of shares of common stock. As such, the Company has determined the conversion feature to be a derivative liability under relevant accounting guidance. The Company estimated the fair value of the conversion feature using the Binomial Lattice Model on the date of issuance, on the date of each conversion notice, and remeasures the fair value at each reporting period. During the nine months ended September 30, 2020, the Company issued 253,000 shares of series A preferred stock for proceeds of $229,570. Related to these issuances, the Company recorded derivative liabilities of $476,435 and discounts to the preferred stock of $213,534, which is being amortized to deemed dividends over the redemption period. Also related to these issuances the Company recorded deemed dividends of $262,888.
During 2019, holders converted 42,000 shares of Series A Preferred stock into 2,977,226 shares of common stock at the Variable Conversion Price as defined above, resulting in a loss on extinguishment of $23,000.
During the nine months ended September 30, 2020, the holder of the series A preferred stock converted 207,900 shares of series A preferred stock and accrued dividends into 244,512,485 shares of common stock. Related to these conversions during the nine months ended September 30, 2020, the Company recorded a reduction of the associated derivative liability for the conversion features of $286,782 and a reduction of the preferred stock discount of $163,326 and $87,897 of deemed dividend.
NT Q. LOL
Can't even hold 15 pennies. Thought this was going to $5.00?
weeeeeeeeeee
They sucked
BONZAI!! Look again.
Gain on derivative
I like ice cream.
Dilution has/is killing this stock. From 68 million to 1.16 BILLION in about a year.
That is as bad as can be. And it's continuing. Everybody knows it.
BONZAI!!
Unfortunately margins down to 44% for quarter.
And if not for the positive change in derivatives the loss would be much worse.
IGEN is in deep doo doo. More dilution on the way.
BONZAI!!!
BONZAI!! That 10Q is putrid.
BONZAI!! 10Q should be an eye opener. lol
Us "clueless investors" know the Q is going to suck
Together.