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I guess everyone isn't an "expert" like you. Didn't you see in the 10-Q that sale cost HTOG 27 mill ?
Oh really - who got the 27 mill then ?
You think QMNM has hit its low ?
Well . If your filling a glass and stop halfway - u got it half full. If you got a full glass and you start drinking and stop half way - u got it half empty. Thats a curcumstance thing.
Oh yea IMO
Longs aint allways as long as they think they are either.
Sounds like u got all the ends covered LOL
Yes I had an .02 average sold at .015 - I could either buy back my original shares now for lot less or just by lot more-U can win on a downslide if u see it coming
Scary thing is-Abdallah holds another "promissory note" from april 1 . Whats to stop him from selling that 1 to 5 star also , and letting them convert and rape us.
I can answer your last question- cuzz his conveyors been broke LOL yet they still put out a PR claiming 2 shifts at full production.
Every board has people who think that "company" is a scam. In pennyland there often right. I havn't quite decided if this 1 is yet- I still have some shares after dumping awhile back
I cant Find diddly on five star information wise.
yes i kno but it was an "on demand note" abdallah sold them-if they demanded it on thir 825 mill shares on may 26th. it comes out to 27 mill plus. The math works out right and who knows what kind of deal was made - its awful shady to begin with
Heres what I came up with. Abddallah sold a promissory note worth 215K to 5 star (payable on demand) . On May 26, 2008 the Company agreed to convert this debt into 825,000,000 shares of the Company’s $0.001 split adjusted par value common stock. On may 26th HTOG was trading between .03 and .04 . So a demand payment by 5 star on may 26th put the 825 mill at .03371 giving 27810750 plus around 6k + in interest. Equalling 27818337. Of course this is just my math and I could be wrong !!!
Heres what I came up with. Abddallah sold a promissory note worth 215K to 5 star (payable on demand) . On May 26, 2008 the Company agreed to convert this debt into 825,000,000 shares of the Company’s $0.001 split adjusted par value common stock. On may 26th HTOG was trading between .03 and .04 . So a demand payment by 5 star on may 26th put the 825 mill at .03371 giving 27810750 plus around 6k + in interest. Equalling 27818337. Of course this is just my math and I could be wrong !!!
The links been updated - last month it had general mining now it has been changed to white star mining , I hope these infractions have been taken care of anyway . page 139
http://www.msha.gov/stats/ContestedCitations/OperatorContestRates2008.pdf
retraction - link is no longer available
Did you ever see my link that linked everett hampton to general mining. The prevoius company that was fired for lack of production.
only because of the previous mining company being inempt
A $215,000 promissory note that abdallah sold to 5 star, cost HTOG 27 mill + in the end. Lots of palm greasing going on
On April 19, 2007 there was a sale of a 52% interest in the Company’s common stock to Universal Property Development and Acquisition
Corporation ("UPDA"). After adjusting the previous quarter’s issuance to UPDA for the July 25, 2007 1-for-10 reverse stock split and through
subsequent transactions, UPDA’s interest has increased to 83% as of December 31, 2007
There hasnt been that much dilution yet has there? Were talking 83% down to less than 51% if there has.
Copied and pasted from HTOG's last 10-K
In HTOG's last 10-K , arn't they putting a $54 mill value on them 850 million shares ? And this 27 mill share based compensation was only half? Meening HTOG owes 1 more payment ?
I am hoping there are some answers in the UPDV 10-Q . That 5 star thing sure doesnt look right.
Did u look at the last 10k ,the stock compensation is only half of the amount of the value givven. Do we owe another 27 mill? This is crazy.
The 27 mill due five star came about after abdallah sold 5 star a $215,000 promissory note "he" held not UPDV . It was then converted and cashed in by 5 star, . How does this deal lower UPDV's interest in HTOG ? I just don't get it. And from the numbers off the last 10k , do we still owe 5 star 1 more payment ? It looks it .
I just don't see how "stock based compensation" to 5 star frees HTOG from UPDV control as some have been claiming. Can someone help me out on understanding this.
I can't connect the "stock based compensation" to 5 star - to buying freedom from UPDV control. Can someone help explain this. I just don't see how that got HTOG out from under UPDV control.
Yes I understood it was a posting from another board. And if the facts of the visit are true- it turns the fluff PR into a lie.
It's confusing- but for the most part , it's brokers selling shares that are not theirs (selling short), then buying them back at a lower price (covering their shorts). So the shorts stood to make tons of money today at the low PPS.
It sure was the perfect opportunity to cover them shorts though.
I Hope mondays your last chance to average down (Ment in a good way) Good luck
It's lies in there PR's that have me thinking twice about getting in even after the BK now. They claim A second shift at full production , yet u were there and there was no shifts at production. It's obvious the conveyor is being redone (again) because it's broken, not because they decided it be best for production , they have no choice, it wasn't a thought out decision. Why fluff a PR saying full production of 2 shifts when u have no production at all !!! IMO
Pretty much the same story - I dumped at .015 however I will most likely reinvest after Bk acceptance . It's to enticing an opportunity to wait on a R/S that may not happen.
From the HTOG 10-Q filing time we did learn the deadline was the 14th at 17:30 . Have to remeber that next time seeing these guys like filing late !!
We did learn 1 thing - The 10-Q deadline was the 14th at 17:30. Have to remember that seeing these guys like filing late.
With the lows we had today it sure made sense to cover the shorts.
Won't believe that till I see the 10-Q , Thx for the info still.
PR's out of desperation are ussually just fluff anyway ! Sometimes do more harm.
Being off that short list makes a big difference doesnt it ? Or do they just start over ?
Tallying up the shorts ?
To all the longs that hung in there today - "KUDOS"
Gonna be a good monday. Thx for that news.