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"Hasta la Vista BMAK"
Yes we all know you win a few but loose a lot! Just gotta hope the winners cover all those looser's!
Yep isn't it annoying!
I see BMAK upfront now with the usual fake 10K shares.
Agreed & that is my plan on this big let down. I mean not even a Late Notification? How lame is that! Does not have to move far for me to get out with my shirt?
I would say by the tone of this statement in 8K they didn't have much to talk about until now! This current news is about as positive as a Pinky can get!
"The Pro Star Purchase Agreement is an attempt to preserve and enhance shareholder value in light of ongoing challenges in the execution of the Company’s business mission to bring hydrogen on demand technology to older, mechanical injection vehicles. Pro Star had unaudited management reported 2014 revenue of $27.3 million with net income of $660,000."
YEP we have a few too many 2's to get thru?
Real-Time Best Bid & Ask
0.0001 / 0.0002(510479827 x 73348298)
HPTG still has a lot to disclose to us about this recent aquisition? Should see an updated web site soon and additional SEC fillings and now that they have someting exciting to talk about I would say we are due a PR soon also?
Significant move up to .0011 on this PR 9-30?
2015/10/05 0.00040 0.00050 0.00030 0.00050 131,315,613 0.00050
2015/10/02 0.00070 0.00070 0.00035 0.00040 310,916,856 0.00040
2015/10/01 0.0010 0.0011 0.00050 0.00070 220,348,046 0.00070
2015/09/30 0.00030 0.0011 0.00030 0.00090 305,958,524 0.00090
Inergetics' Bikini Ready® Lifestyle Brand Available at Harmon Stores
Sep 30, 2015
OTC Disclosure & News Service
-
Inergetics' Bikini Ready® Lifestyle Brand Available at Harmon Stores
The company continues to expand Bikini Ready's distribution in major markets as demand increases in the growing line of active weight loss products
PR Newswire
No problem will share everything I discover with the HPTG Board. Looking forward to more disclosures from Roger real soon? Exciting times ahead for HPTG!
Yes I just saw that post and was thinking the exact same thing! On HPTG I was encouraged by the listing in Bloomberg that they are an operating subsidiary of HPTG. Look forward to when the comany lets us know?
Good Morning HPTG! Everybody sleeping in today? This board is as quite as the company but we are still looking real good here!
Ya Bro I remember how strong you were in NRTI and how deep you are into this stock from early this year. I wish us the best & if we need too I'll open a can of whoop ask with you and we'll pour it all over them!
Bloomberg Business on Pro Star Freight Listing
Company Overview
Pro Star Freight Systems Inc. provides trucking and logistics services in the mid United States region. The company was founded in 2012 and is based in Bensenville, Illinois. The company operates as a subsidiary of HydroPhi Technologies Group, Inc.
1325 West Irving Park Road
Suite 201
Bensenville, IL 60106
United States
Founded in 2012
That's why we got 2014 figures for sales and revenue on Pro Star. The good news in that is we can get 2015 numbers right up to the closing transaction in another 8k?
Looks like a Nice Italian Resturant! The good news here is that Roger has come out of hiding and is now communicating with stockholders again. That is a big plus if he keeps the channel open?
Thanks crookedneck for the details on these crooks! Looks like this is going come down too "I hope we all can get out with our principle investment!" I'm a little better off I'm averaged down to .0004?
Agreed allenc this silence is not good from a company that was real good about timely fillings with the SEC and publishing product PR's on a regular basis? WTF?
Absolutely without a doubt we see pennies! Just a matter of how soon IMO? We all know they got burned on a previous PR announcement so I'm agreeing with undtrdr that they are in the process of dotting i's and crossing t's getting all details in order and all fillings updated and then we see a Monumental PR that launches the HPTG rocket!
Quote:
undtrdr Thursday, 12/03/15 03:23:14 PM
"I agree and believe it will be over .01 easily and forever on the eventual PR ..my take is while the merger has happened, they will not PR until all the necessary subsequent filings are done and it officially closes.
If it dips more it is another Christmas gift it won't stay down
The timing of the QB status is too bad unless you are ready to buy more fear lol
I wonder if the merging entity is another reason on losing QB though ie: if they now have to be vetted and update officers, audits etc."
db he is a neophyte but an advanced one!
And yes his current post's shows he is a quick study!
Good Morning to all and lets have a great day here in HPTG land as we work our way to pennies!
I totally agree with that!
IMO that would have been easy(.01)if they followed up with a PR?
HPTG Convertable Notes Payable
Nothing due until April 2016
FORM 10-Q
QUARTERLY REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For quarterly period ended: September 30, 2015
HPTG Convertible Notes
Item 1.01. Entry into a Material Definitive Agreement
Stock Purchase Agreement for Pro Star
(I)The purchase price for Pro Star consists of (i) up to an aggregate of $1,512,500 in cash, payable in installments as set forth in the Purchase Agreement (“Closing Cash”)
(ii) a promissory note in the principal amount of $2,500,000, which is convertible into 4.9% of the issued and outstanding capital stock of the Company on a fully-diluted basis (the “Note”),
(iii) Series A preferred stock of the Company, which will be convertible into 80% of the issued and outstanding capital stock of the Company on a fully-diluted basis (the “Preferred Stock”)
(iv) a form of warrant that will be exercisable for a number of shares of common stock of the Company necessary to ensure that the Note and Preferred Stock collectively result in the issuance of 84.9% of the issued and outstanding capital stock of the Company on a fully-diluted basis (the “Goldenshare”). Following the eighteen month anniversary of the issuance of the Preferred Stock, holders of Preferred Stock shall be entitled to dividends at the rate of 5% per annum, payable quarterly. Holders of Preferred Stock shall vote together as a single class with holders of common stock of the Company.
New Notes
The Closing Cash will be funded to the Company by existing investors in the Company in exchange for the issuance of certain convertible promissory notes (the “New Notes”). New Notes representing $1,250,000 of the Closing Cash will
(i) have a term of one year, which in certain circumstances may be extended by an additional nine months,
(ii) accrue interest at 10%,
(iii) have a conversion price equal to a 20% discount from the average of the three lowest trading prices in the five trading days prior to the day that the holder elects conversion and
(iv) contain standard events of default.
(v) New Notes representing up to $262,500 of the Closing Cash will (i) have a term of (9) nine months, (ii) accrue interest at 10%, (iii) have a conversion price equal to a 15% discount from the average of the three lowest trading prices in the five trading days prior to the day that the holder elects conversion and (iv) contain standard events of default.
Settlement and Extinguishment
In connection with the Company’s entering into the Purchase Agreement, existing investors agreed to return to the Company, for cancellation, that certain warrant to purchase 2,647,059 shares of the Company’s common stock, dated April 28, 2014. In addition, the existing investors agreed that the Company shall no longer be obligated to make any “Royalty Payments” pursuant to Section 4s of that certain Securities Purchase Agreement, dated as of December 4, 2014, by and between the Company and the investor party thereto.
9. CONVERTIBLE NOTES PAYABLE
Pursuant to a Securities Purchase Agreement, dated April 25, 2014, as amended on July 29, 2014, by and between the Company and 31 Group, LLC, the Company sold convertible notes with a principal amount of $1,352,000, for a total purchase price of $1,270,000, to 31 Group, LLC (Josh Sasson).
The notes mature 24 months after issuance and accrue interest at an annual rate of 8%.
(1) The first note in principal amount of $624,000 was issued on April 28, 2014.
Conversion Date 04-28-2016
(2) The second note in principal amount of $104,000 was issued on July 29, 2014.
Conversion Date 07-29-2016
(3) The third note in principal amount of $624,000 was issued on August 5, 2014.
Conversion Date 08-05-2016
The Company has the right at any time to redeem all, notes at a price equal to 135% of the remaining outstanding amount.
Securities Purchase Agreement, dated December 4, 2014, by and between the Company and 31 Group, LLC, committed to purchase from the Company two convertible notes of the Company in the principal amounts of $385,000 and $275,000 for the cash purchase amounts of $350,000 and $250,000, respectively.
(1) The $385,000 note was issued on December 4, 2014 and will mature on May 17, 2016
(2) The $275,000 note was issued on February 5, 2015 and will mature on July 30, 2016.
[/b](3) If after 179 days from the execution date of the notes, the price of the Company’s common stock is less than $0.15, the Company will have an additional 30 days to repay the 31 Group LLC.
(4) As part of the note agreement the Company also agreed to give the note holder a 3% royalty payment on the net cash revenue from the sales of the Company’s HydroPlant units.
(5) The royalty is only payable when the Company has received $500,000 cash revenue and is for a period of twenty-four months starting from the date 31 Group receives an initial royalty payment. ?????
(6) On April 15, 2015, the Company entered into securities purchase agreements dated as of April 9, 2015, with Magna Equities II, LLC and Riverside Merchant Partners, LLC. Pursuant to the agreements, Magna Equities II, LLC and Riverside Merchant Partners, LLC each purchased separately from the Company a convertible note of the Company in the principal amount of $100,833, for $91,667 cash.
Each note matures on October 9, 2016 and bears interest at 8% per annum.
On May 27, 2015, the Company entered into securities purchase agreements with Magna Equities II, LLC and Riverside Merchant Partners, LLC. Pursuant to the agreements, Magna Equities II, LLC and Riverside Merchant Partners, LLC each purchased separately from the Company a convertible note of the Company in the principal amount of $55,000 for $50,000 cash.
Each note matures on May 27, 2016 and bears interest at 8% per annum.
On June 17, 2015, the Company entered into securities purchase agreements with Magna Equities II, LLC and Riverside Merchant Partners, LLC. Pursuant to the agreements, Magna Equities II, LLC and Riverside Merchant Partners, LLC each purchased separately from the Company a convertible note of the Company in the principal amount of $35,000, for $32,500 cash.
Each note matures on June 17, 2016 and bears interest at 8% per annum.
On July 9, 2015, the Company entered into securities purchase agreements with Magna Equities II, LLC and Riverside Merchant Partners, LLC. Pursuant to the purchase agreements, Magna Equities II, LLC and Riverside Merchant Partners, LLC each purchased separately from the Company a convertible note of the Company in the principal amount of $93,500, for the cash purchase amount of $85,000.
Each note matures on July 9, 2016 and bears interest at 8% per annum.
On August 14, 2015 and August 18, 2015, the Company entered into two securities purchase agreements with Magna Equities II, LLC and on August 25, 2015, the Company entered into one securities purchase agreement with Riverside Merchant Partners, LLC. Pursuant to these purchase agreements, Magna Equities II, LLC and Riverside Merchant Partners, LLC each purchased from the Company convertible notes in the aggregate principal amount of $102,778, for the cash purchase amount of $92,500.
These notes will mature in one year after their making (Aug 2016) and each bears interest at 8% per annum.
The Company analyzed these convertible notes for derivative accounting consideration under FASB ASC 470 and determined that the embedded conversion feature qualified for accounting treatment as a financial derivative. Derivative value of $411,283 was recorded as debt discount on the note issuance dates. The discount is amortized by the Company through interest expense over the life of the notes.
The notes issued during the six months ended September 30, 2015 are convertible at any time during the period after 179 days after the issuance date at a price of $0.15 per share. If, 180 days after the issuance of the notes, market price of the Company’s common stock is below $0.15 per share, the Company will have 30 days to repay the notes. After 30 days, the note is convertible at 80% of the lowest trading price in 10 trading days prior to the conversion date.
A summary of value changes to the convertible notes during the six months ended September 30, 2015 is as follows:
Carrying value at March 31, 2015 $ 560,264
Add: principal value of new convertible notes 774,222
Less: original issuance discount (70,890)
Less: discount related to fair value of the embedded conversion feature (411,283)
Less: conversions of note to equity (280,000)
Add: amortization of discount 410,355
Carrying value at September 30, 2015 $ 982,668
10. NOTE PAYABLE
On July 7, 2014, the Company issued a $103,000 note to a service provider to settle $219,673 accrued expenses previously recorded. $116,673 was recorded as gain on settlement of debt in the consolidated statements of operations. The note bears no interest. Principal of $4,000 was due on the date of the note; $15,000 was due on the date of receipt by the Company of the proceeds of the note issued to 31 Group, LLC on July 29, 2014; $3,500 each due on the first day of each calendar month commencing August 1, 2014 and any remaining unpaid balance is due on July 1, 2016.
As of September 30, 2015, $38,500 was still outstanding all of which is due and payable in the next twelve months. The note is currently on default as the Company did not make the scheduled payments.
I agree that we should see trucking revenue for the month of December 2015 in the next 10Q. Should be an exciting month to close out this year!
I found this statement interesting in the recent 8k? Did not notice this on the first read. I guess they will realy let us know what is going on with some other disclosures?
"The provisions of the Purchase Agreement, the Note, the Preferred Stock and the New Notes, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreements and are not intended as documents for investors and the public to obtain factual information about our current state of affairs. Rather, investors and the public should look to other disclosures contained in our filings with the Securities and Exchange Commission. "
AS I said I'm reviewing the notes (in between my duties at work) and nothing is due to convert this year! Will post later today. No reason for the New company to dilute? They have money?
Totally agree with you dbbogey87 and good have you back on the positive side of HPTG!
Looks to me like MM's are just picking up cheap shares?
Yes and remember we have new management in place. He put his blood, sweat and probablly a few tears into building this company from 1 truck to 180 in very short period of time. No easy task! Nikola Zaric has brought a new attitude to HPTG and a new ajenda and I'm looking forward to the details which IMO we can expect soon!
Pro Star Freight Systems Inc.
Year Founded:
2012
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective immediately upon the closing of the transactions contemplated by the Purchase Agreement, our directors Reid Meyer and Mark Robinson resigned. Roger M. Slotkin will remain a director, and Chief Executive Officer of the Company.
Simultaneously with the resignation of Messrs. Meyer and Robinson, Nikola Zaric was appointed to our Board of Directors, effective immediately. Further, Mr. Zaric was also, effective immediately, appointed President of the Company.
Mr. Zaric founded Pro Star Freight Systems Inc. in May 2012. His career in trucking and logistics began in October 2009 when he founded, and was the operational manager of, Arrow Freight Inc. Prior to 2009, when Mr. Zaric moved from Serbia to the United States, he obtained his medical degree as a general practitioner. Upon arriving in the United States he recognized the business opportunity in trucking and logistics in the mid-United States region. Beginning with one truck, he has built a business with 150 trucks and over 200 employees.
The good news now is the fact that they have the option to pay the note instead of letting it convert. And IMO they will have the money to do so!
I love it when you log in and great news is posted early in the morning! Was no mention of the actual closing date in the 8k but I was assuming Monday the 30th so the New Company starts the first day of business on the first day of December? Look forward to some news soon!
His toxic crimes are legal!
I'm doing a review of the remaining notes but its a cluster "duck"
reading all that nightmare jiberish! It has occured to me that they really don't want you to know! Post tomorrow I hope?
Qoute
"On a side note, does anyone have any idea as to how much matured convertible debt remains out there for dilution? I know there is some but not 100% sure exactly how much."
Yep just when you think you have a trade figured out the OTC throws you a curve ball and you are once again left with the uncertainty of we shall see! I too hope it does not bite us in the ASK!
PPS is holding up in spite of the selling!
Top 4 on the ASK are hiding shares!
BMAK 0.0037 10000 11:37
ETRF 0.0037 10000 11:52
CDEL 0.0038 10000 11:52
NITE 0.004 10000 11:40
Ask is getting its ASK slapped right now. News?
ASK slapping chages everything!