flsunchaser, 3 or 4 million in revenues from a 5,000 square foot store - that would be far above many of the aleady proven and successful franchise chains. Can you provide any of the details on which your revenue projection is based?

Strange that this far along, there are still many parts of the HipHopSodaShop website that are incomplete or totally missing. Maybe "Dr. Ben" will provide some desperately needed direction.

2 things, (1) news was released yesterday after market closed so no news indicator showed up on traders' screens during market hours, and since it was yesterday's news, no news indicator is showing up today; bad timing, much better to release before market opens or during market hours and (2) except for the name, this release says all the same things that were said when Jackie Robinson was announced last year; unfortunately none of those things were accomplished. Let's hope this new team is actually capable of getting some things done.

Chavis definitely has strong connections to the entire Hip Hop genre. It will be interesting to learn about why he came to H3 and what his plans and vision for the company are. Hopefully he's not here to sit and watch the ongoing saga of the store in St. Pete. I'd expect to see someone with real franchising experience brought on board; and a return of some of the excitement that used to surround this place.

so reggie, your opinion is not to buy at current prices?

cyber, check their website.

reggie, will you answer my question from post #1016?

Actually, the "huge" volume represents about $80,000.

Correction, we now have a CEO. Not the type of experience I would have preferred, but at least the position is filled.

Just to clarify, we currently have no CEO so a new one would be a good thing, IMO. Chutjian is the Chairman of the Board who has accomplished nothing since taking on that position, and the last CEO was Jackie Robinson who bailed faster than the real Jackie Robinson stealing home.

reggie92, if you own lots of shares, and you know news is coming that is not stock friendly, why would you continue to hold the shares?

I'd like to believe they are trying awfully hard to open the 1st store today (and that for whatever reasons they have been trying since December of 2005).

My point is that the people working so hard on this 1st store have no franchising experience. Developing the system, documenting, preparing and filing the UFOC, recruiting area developers, marketing the concept, etc. There need to be signs that all this is in the works and under control, with creative and talented people leading the way. Investors aren't getting the smallest hint that management is competent in any of these areas. Until that happens, well, I guess a public company with it's hands full opening their first store is probably lucky to be trading at 5 cents.

dlaserman, I agree that the silence from the company is a concern. But there is a bigger problem that management must resolve. Let's say that flsunchaser is correct about everything he has posted regarding the delays. And let's agree that someday the St. Pete shop will open. The bigger problem is that there is no talent on board to create and grow the franchising part of the business. We used to hear about all the big names who were interested in hhss's. There always seemd to be something "cooking". Now - nothing but silence. No excitement, no sizzle. Except for a brief pop on now failed hopes that Chutjian might actually do something positive, the stock has been under 10 cents for 6 months. Investors can only hope that when the 1st store opens, management will have solved the bigger problem and be ready to exploit the potential that has been wasting away for well over a year now.

That wasn't an attempt at humor, the new rating system will use either a checkmark, a yield sign, a stop sign, or a skull and crossbones to show the rating of stocks:

New York, NY - April 24, 2007 - Pink Sheets, LLC announced today that in May 2007 it will begin the process of categorizing issuers quoted on Pink Sheets based on a company's willingness to provide adequate public disclosure to the marketplace. Initially, each company will be assigned a proposed category, which will be indicated on their Company Info page in the Quotes & News section of www.pinksheets.com. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.

All Pink Sheets companies will be placed in either the OTCQX premium tiers (companies must apply to be included) or will be assigned a disclosure category by Pink Sheets, as follows:

OTCQX Premium tiers
PremierQX - The highest tier for U.S. companies. Must meet the continuing financial requirements of Nasdaq Capital Market, provide credible disclosure to the marketplace, and nominate a Designated Advisor for Disclosure (DAD).
PrimeQX - Must have ongoing business operations, a $.25 (cents) initial bid price, provide credible disclosure to the marketplace, and nominate a DAD.

International OTCQX Premium Tiers
International PremierQX - The highest tier for international companies. Must meet the financial requirements of the NYSE's Worldwide Listing standards, be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a Principle American Liaison (PAL).
International PrimeQX - Must be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a PAL.

Disclosure Categories
Current Information (icon: Pink Checkmark) - Must either be registered with the SEC pursuant to 12(g) of the Exchange Act and current in all electronic filings posted on the SEC's EDGAR system, OR if not registered with the SEC, must meet Pink Sheets Guidelines for Providing Adequate Current Information, confirmed by a quarterly letter from an attorney, all of which must be posted on the Pink Sheets News Service and displayed on pinksheets.com (*- exceptions below). Disclosure is deemed to be current if it is posted within 120 days of the fiscal year ended (annual reports) and within 60 days of the quarter ended (quarterly reports) and interim material events should be disclosed on a timely basis.

*Banks and Financial Institutions - Companies that report to federal or state banking regulators or to insurance commissions will be placed in the Current Information category if they post onto Pink Sheets News Service the same information they supply to their regulator (for example, to the FDIC), in a timely manner. An attorney letter is not required.
*Foreign Private Issuers - Non-U.S. companies that do not furnish electronic reports on the SEC's EDGAR system that are listed on a qualified international stock exchange will be placed in the Current Information category if they post onto Pink Sheets News Service the same disclosure they supply to their home country exchange and to their shareholders, in a timely manner. The disclosure must be in English. No attorney letter is required.
Limited Information (icon: Yield Sign) - SEC registered companies must have posted some disclosure on the SEC's Edgar system within the last six months. Non-SEC reporting companies must have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certifications by the CEO and CFO and not less than six months old, posted either on Pink Sheets News Service.

No Information (icon: Stop Sign) - The company does not make disclosure publicly available, or its available disclosure is older than six months.

Caveat Emptor/Buyer Beware (icon: Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or other questions concerning the security or issuer. During a spam campaign, companies that have not, at a minimum, qualified for the Current Information category will also have their company's quotes blocked on pinksheets.com.

More information on the category rollout, including Pink Sheets Guidelines for Providing Adequate Current Information and Attorney Letter Guidelines verifying Current Information, is available on http://www.pinksheets.com/otcguide/categories.jsp.

The pink sheet ratings will be shown as an icon assigned to the company's stock. Based on past performance, htre will probably be given a yield sign or a stop sign icon. Hopefully management will at least make an effort to keep them from getting the skull and crossbones icon.

I agree. Saying you're happy when the stock you own goes down is a very ridiculous thing.

Thanks to the experienced traders for sharing their knowledge. I think I finally understand how the market works. I am now hoping H3 doesn't open the 1st store this year, with any luck not until sometime in 2010. By then the stock price could be at an all time low, maybe even below a penny. Then we should all be able to buy all the shares we ever wanted. I have to keep reminding myself - lower price is a good thing. Maybe we can get lucky and the company will give us a 600 day quiet period too.

Looks like we're in for another "60 day quiet period". LOL.

When considering the future valuation, H3 could go comparatively much higher than other chains because of 2 things. First, the potential for many big name celebrity and athlete involvement and the publicity that can generate. Second, profit margins should be much higher because of gaming being the main product.

As far as Chutjian's affect on the stock, what I saw is that the stock went up when he signed on based on the potential of what he might do. The stock has gone down ever since based on the reality of what he has done (or has failed to do). Currently his value to the company is zero or less.

No bashers needed to bring the price down, management is taking care of that very nicely all by themselves. Maybe they want cheaper shares too, so they can by some back.

In my continuing effort to get the facts straight I offer the following:

When looking at a day with volume of almost 1.4 million shares, remember that a good portion of that volume was someone selling. You might also want to ask yourself why was someone willing to sell almost a half million shares at 6.1 cents.

Regarding "Quiet Period" - this refers to companies who are about to go public or are considering a stock offering. Here's the definition: "The "quiet period" -- sometimes called the "waiting period" -- generally refers to the time that begins when a company files a registration statement with the SEC and lasts until the SEC's staff declares the registration effective. During this stage, to prevent overhyping of a company's abilities, federal securities laws limit what information a company can release to the public.
Despite the quiet period restriction, the SEC does encourage companies to continue making corporate announcements in the "ordinary course" of their business."

If you really believe there must be a quiet period between corporate announcements, look no further than Microsoft. Since May 5th they have announced a pact with Dell and Novell to market Linux, a web video deal with Volvo and Chivas, the purchase of a stake in CareerBuilder, a $1 billion sale of software to Lenovo, a partnership with Sandisk, a huge launch of "Halo 3", and a $6 billion purchase of an ad company.

There is no quiet period regarding the announcement of company accomplishments.

flsun, I read post 850 and 852 and they just don't make any sense. You missed the whole point about Warren Sapp. And your statement about how great it is that the stock is down is childish. Look, I don't want to argue with you about the obvious things any longer. Its clear that management has screwed up repeatedly and it has hurt the stock and damaged the credibility of the company and this whole concept, and at the very least has set everything back at least a year. Look at any press release they have ever issued and their failure to deliver if you doubt my last statement. I just don't understand why you fail to acknowledge any of this.

I read post 852, it just doesn't make any sense. You missed the whole point about Warren Sapp. And your statement about how great it is that the stock is down is childish. Look, I don't want to argue with you about the obvious things any longer. Its clear that management has screwed up repeatedly and it has hurt the stock and damaged the credibility of the company and this whole concept, and at the very least has set everything back at least a year. Look at any press release they have ever issued and their failure to deliver if you doubt my last statement. I just don't understand why you fail to acknowledge any of this.

So flsun, let me get this straight. You think its great that the company hasn't accomplished anything positive for the last few months because that keeps the share price low. OK. And are you actually saying that it is a good thing that Warren Sapp won't be available for an extensive PR campaign and personal appearances to promote the grand opening of Warren Sapp's HipHopSodaShop? Since I can't say what I really think of your statements because my posts would be deleted, let me simply say that your logic escapes me.

I don't view it as a shame for Warren Sapp. It's a shame for H3 and all it's shareholders because he will not be available to actively promote the opening if it happens after mid July. Did I really have to explain that? And when Chutjian issued his letter, share price was 7 cents, now its under 7 cents. Since then, no news, no positive accomplishments. That isn't just marginal, it sucks.

When I said it would be a shame if Sapp wasn't available to promote his soda shop, I was thinking of much more than a one day appearance. When he signed on last year, he was on radio talk shows, television shows, making public appearances, he was even on CNBC. His active involvement created a lot of excitement. Looks like another great opportunity will be wasted.

As far as Chutjian goes, there were high expectations when he came on board. But while I don't know what might be going on behind closed doors, it is clear that his performance as reflected by the stock price and the absence of any sigificant accomplishments to date has been marginal to put it kindly.

Hope somehow H3 finds a way to open this 1st store by mid July. Raiders training camp usually begins in late July and it would be a shame if Warren Sapp would not be available to promote the opening of his own HHSS.

Sidenote: Sapp seems to be looking forward to a good year. According to new head coach Lane Kiffin, "Sapp arrived at minicamp weighing 285 pounds, down from his playing weight of 334 pounds last season". The result was a faster, more energetic pass rusher.

flsunchaser, I see you are now selectively deleting posts. Well, if this one survives your approval criteria, I'd just like to point out that the PR you claim to have gotten your information from stated,

"The BG7 was introduced at One-Sixty Blue, a restaurant co-owned by Michael Jordan in the heart of Chicago, 6 months ago and the overwhelmingly positive response ignited the fire for H3 Inc. to work with Ben to bring the best possible product to the market."

What was introduced "six months ago" was the idea of the BG7 energy drink, and the concept was well received. No where was it ever said to be "selling well". Maybe this was simply an honest mistake on your part. You seem to have a huge desire to see this company succeed and sometimes you go over the edge trying to defend and justify what is, in my opinion, the miserable performance by management over the last 12 months. For the record, I hold a large number of htre shares and I want to see soda shops open as much as anyone; but that doesn't prevent my from seeing the problems that must be overcome.

Once again, to management: get some help from people who know how to do this.

flsunchaser - How can you say that the BG7 energy drink is doing well in Chicago? The product has not been manufactured or distributed yet. The deal with Cooper Tea and 7-11 never materialized. How can you make a statement like that which is just plain not true? Not even 1 can or bottle of BG7 has ever been sold. Can you possibly believe that your continuous attempts to put a positive spin on H3's blunders will actually help the stock price?

The hhss site has looked like that for over 3 months. Maybe they need some type of permit to update their website.

Based on the price and volume, I'd say many have already chosen to leave it. Hopefully the company will do something to bring them back.

flsunchaser, could you expand your "waiting for St. Petersburg approval process" theory to explain why the Orlando hhss never moved forward? They were supposed to be pouring the pad back in February or March if my memory serves me correctly. The answer to this might hold a clue to what I was "hinting at".

Also looking like Warren Sapp might be back in training camp before the opening of his 1st hhss. I sure hope not. That would be another huge opportunity missed. Seems like H3 should be desperately seeking new management, or at least some guidance.

Sorry you didn't appreciate the simile but to me, owning a pink sheet stock with a price that has been stuck between 5 and 10 cents for 2 or 3 months on steadily decreasing volume, with no news = the doldrums.

With all due respect flsunchaser, while your pictures and reports are great and much appreciated, your explanations for all the delays are not credible. I'm not blaming you, I believe you are reporting whatever information you can gather or make a guess at based on what you see and hear. It just seems clear that there are some other types of problems holding things up. We can all guess at what they are, but when they finally are resolved I would expect to see some news from the company which would include their planned opening date for St. Pete. Until then, we are sailing in the doldrums. Just my opinion, of course.

Looks like someone got tired of waiting today.

poptart, why are taking your frustrations out on sunchaser? He has no control over the amount of activity that is or is not occuring in the parking lot. At this point either you believe the store will get done or you don't. If you don't think management is up to the challenge, why do you still own shares?

I appreciate the pictures that flsunchaser has taken the time to post here. Without them, many would still be wondering if anything about this company is for real. Clearly they are having some problems getting this first store opened, but as far as I know, they are still working toward that goal. When they finally announce the grand opening date, I believe everyone here will be wishing they owned more stock.

As far as a moderator goes, I'm glad someone is willing to take the time to do it. I don't look to him for having a crystal ball about this stock or investing in general. Actually, I disagree with most of what he says, but I have my own investing style and do my own due diligence. So should you.

Anyone have a link to that Canada agreement?

poptart
If it is not in their best interest and not in shareholders' best interest (and I agree that from where I sit, it certainly looks that way), why do you think they are doing it?

flsunchaser
I know you think everything's fine and that management shouldn't be expected to meet commitments. You try to make it sound like my criticism is unreasonable. But from March 2006 thru Sept. 2006 this stock traded between 20 and 40 cents; now its under 6 cents. I'd say management's poor performance outweighs your pictures, insights, trading advice and weak sense of humor.