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I'm digging on the Nano ... and all those NOLs.
But why do you persist in not counting those valuable NOLs???
But what about those NOLs???
To the extent that there were patents still in HIPPQ's pipeline, they would probably be considered most valuable to private companies in need of mobile advertising.
One such company is AMGINE Technology, headquarted in Toronto, Ontario that focuses on the e-Commerce Travel space.
There are doubtless dozens of others.
And what happened to their Tax Deferred Assets (that pesky little mountain of highly valuable NOLs that (suddenly) nobody seemed to want, eh?)
Did they just go "Poof!" and disappear ... for all time?
Is that what you're saying? Because the U.S. Tax Code begs to differ with you.
It's possible ... but I firmly believe that it will come from some other, as yet unidentified, company.
I fail to understand the meaning of your post, as it has absolutely nothing to do with the issue of Tax Deferred Assets.
HIPPQ is a burned-out, bankrupt scow ... presently adrift in the ether; without captain nor crew.
But it has NO debt. Not so much as a dollar of debt.
And in its hold lies $37.95 MILLION of highly-prized assets.
As you contemplate the New Year ... how long do you think that such a "scow" (and its rich contents) will continue to aimlessly drift in front of drooling, would-be "owners"?
It's really a no-brainer ... isn't it?
The same as catching CEO-Bob in a darkened alleyway one night.
In order for a company to acquire HippQ's sole remaining assets (i.e., the tax deferred NOLs) and make effective use of them, it would have to (1) be in a similar line of business (so as not to be seen as "shopping for NOLs" by the IRS); and (2) acquire a numerical majority of the issued and outstanding shares (i.e., roughly 75 Million in our case).
So how does a company "acquire" such shares when they are presently owned by many other shareholders?
There is only ONE way to do so: an offer to purchase those shares must be made to each of the remaining shareholders. This is typically done via brokerage firms by way of a written notice of a "tender offer".
THAT is what I'm presently --- and patiently --- waiting to receive.
It's over here. Even the expected 500 for 1 RS will only bump this to a nickel ... which will be rapidly beaten down to sub-penny.
Greetings ... and the same to you.
None that I presently see. The NOLs (alone) will do the trick.
And to you as well, good Sir. May we ALL find the New Year to be a very PROSPEROUS place!
I don't know; however, I'd tend to think that they were a part of the assets that were sold already.
At any rate, we don't need patents to make some serious money here.
Say this 20 times: "HIPPQ still retains ALL of the $37.95 Million of tax deferred assets."
Therefore, there is no need to be 'greedy' ... nor to engage in 'wishful and wholly unsupported' thinking.
Kindly remember ... everything that I post here is simply my OPINION ... and that's all.
In answer to your question: a privately-held company can make greater use of HIPPQ's tax deferred assets, and can (most importantly) more positively affect the tax status of that company's shareholders (which are generally the 'insiders').
Why "share" those very valuable assets with yet another group of clamoring "iHub rabble", eh?
100%. Definitely 100%.
The reason is that the acquirer will be a PRIVATELY-held company ... and as such, they will certainly not want "us" to continue to hold ANY "ownership" interest whatsoever. They'll pay us for ALL of our shares ... and then bum-rush us to the door.
Take care.
And to you. I have ... and ALWAYS will ... admire true "TRADERS". We are a breed unlike all others.
Our single greatest asset is CYNACISM.
Well stated longmike!
WE, THE "FAITHFUL-31", MISS YOUR PRESENCE ... and would urge you to return ... and cheer us on ... as only YOU can do!
Indeed, we're in talks with Motel-6 to construct a place for you to stay --- when and IF you desire to "return".
And as usual ... "we'll keep the front porch light on".
Like 'GM' before they begged for the 'Bail-out'?
Re-read the financials contained in their most recent filing (if you can avoid vomiting when you do). So-called "iconic companies" don't give-up 61% of themselves for a paltry $10 Mill.
Hardly the stuff of an "iconic" company.
But hey ... just sayin'.
If you loaned this company $10 Million Dollars ... and received a 61% stake in it in return (and other juicy cash-related 'perks') ... WHAT WOULD YOU DO NEXT?
i would INSTRUCT the Board of Directors to increase the authorized share count, by a couple of billion or so.
THEN I would (once again) INSTRUCT the Board of Directors to execute a Reverse Split of the outstanding shares ... say, 1 for 20, or even 1 for 50.
THEN I would SHORT the SOB into the ground ... all the while acquiring more stock ... and making a killing all along the merry way.
But of course, that won't happen here ... as it's only my very humble "OPINION".
But nonetheless ... THAT is what I would do!
Perhaps ... but after that so-called "investment" takes place, a whopping 61% of his company will be owned by ONE creditor.
You can't 'spin' that as a 'positive outcome' for the 'future.
Look up into the sky above you. Those fuzzy-little-flying-things that you can barely see ... are RAPTORS ... circling a prospective 'kill'.
Of course, your merry assessment of this moment in time could perhaps be right, and mine so wrong.
PERHAPS ... because it's only MY humble opinion.
.
My pleasure ... but kindly remember, that everything I post here is ONLY my "opinion".
As to 'expectancy' ... I'm looking for a minimum of 25 pennies (as based on an earlier posting of mine).
I'm not a 'Lotto-Guy', so I'll stay with my 25 pennies (which is very conservative in my estimation) ... until other facts --- not now known --- begin to bubble to the surface.
Perhaps you'll think me 'weird' in this, but buying HIPPQ is one of the very best things that you and me could have ever done.
Be well, and best regards.
Come back and tell the "Faithful-31" what to do longmike.
Sadly (or perhaps 'more realistically') there is no such "absolute killing scenario" here. All issues involving "stock conversions" or "patents" is mere 'pie-in-the-sky' (in my humble opinion of course).
The mean-spirited-hombres that ultimately acquire HIPPQ will be hard-bitten, cold-blooded FINANCIAL REALISTS ... who will not give so much as a Tinker's Damn about such 'fluffy' valuation-related issues that might relate to 'patents stuck in some mythical "pipeline", or (worse yet) 'Zen-like-stock-"conversions".
No. Not the folks who ultimately acquire HIPPQ. Like great dark vultures, they will only be interested in actual, LIVE THINGS )i.e., 'remaining assets')that they can snatch and fly-away with.
And THAT remains to be THIRTY-SEVEN MILLION, NINE-HUNDRED AND FIFTY THOUSAND DOLLARS IN FULLY VERIFIED TAX DEFERRED ASSETS that are now --- right this damned moment --- sitting nakedly on HIPPQ's balance sheet.
That being the case (and I defy ANYONE on this board to prove me wrong), I must now ask YOU --- and that "extremely optimistic" "somebody you know" --- WHAT MORE DO YOU HAVE TO SEE, AND BE ABLE TO TOUCH ... in order to KNOW that HIPPQ is a vast RESERVOIR of as yet untapped VALUE?
Surely you read THIS as well ... which was contained in the article whose link you posted:
"[T]he deal also includes up to $2 million in senior notes that pay 12 percent, and up to $8 million in preferred stock that will ultimately give the lending group 61 percent of publicly traded Saleen.
Cyrano Group’s David Bergstein, who’s credited with negotiating terms for SM Funding, also exacted a two-year, $25,000-a-month consulting fee for his advisory firm. At the closing, meanwhile, Saleen Automotive must take out a $15 million “key man” insurance policy on its founder, who was a professional race-car driver before going into the car-customization business in 1984."
It would appear that Mr. Saleen --- whom I've always had a grudging respect for --- has entered into a 'Jurassic-Park-Deal' ... with a drooling bunch of RAPTORS.
P.S.: This posting is merely my humble opinion ... nothing more, and nothing less.
"Yes" Boo ... a 1-for-100 (or even 200) R/S is quickly coming to you-know-WHO. Now is the time to take pro-active 'action' so that you don't end-up owning 25 shares of stinking 'fluff'.
"Measure twice ... cut ONCE".
No.
Be well nonetheless.
And a pleasant holiday to you and yours!
With "PREJUDICE", no less!
Unfortunately ... this is going nowhere ... just like its done for several years.
Yup. We're now rolling into the holidays.
And "what's under the "tree", Tiny-Tim (the young hedge fund adviser)???
A juicy Plum-Pudding perhaps, STUFFED with over $37,950,000.00 of Tax Deferred Assets" ... all to be given to some "good little hedge-fund-manager-boy; who is wisely (and uncannily) "still-in-the-know".
HANG TIGHT ... AS YOU'VE SEEN ABSOLUTELY NOTHING YET! A "clinic's" going to be held as to HOW these CREEPS will pull this off.
Stay tuned.
And those who were issued Ovaltine "secret decoder rings" ... you already KNOW what to do"
"DRINK OVALTINE ... and be PATIENT!"
Confidently WAITING for the ACQUISITION OF HIPPQ!
And need I say: "I FEEL ALRIGHT!"
OTC tickers like these are the 'very-worst-of-the-worst. They are like the greasy and poisonous gas station 'rest-rooms' (so-called) that travelers encountered in the South, during the 1950's: no toilet paper and no running water ... and (most importantly), no lights whatsoever.
But the VENDING MACHINES worked perfectly.
"Take and do what you will with it. Good Luck."
I'm FORTY-8 ... and I CONTINUE ... to "FEEL ALRIGHT!"
I don't do DD for the hopes, aspirations, and even "dreams" of others and their particular OTC ticker.
Make a compelling case as to why anyone should "CONNECT" your company to that of mine (HIPPQ) and maybe (just "maybe", mind you), I'll get so interested that I'd want to respond to your question.
Till then ... I don't.
But as always ... I'd wish you (and anyone else) "good luck" with their respective trade.
Till then: "GO HIPPQ". $37.95M in tax-related assets, divided by 150M shares outstanding = an acquisition price of 25.3 cents per SHARE! It's not "puffery" ... it's ARITHMETIC!
Make no mistake in this simple FACT ...
HIPPQ is now an ACQUISITION TARGET.
I FEEL ALRIGHT!
No such thing as "one package" here. HippQ can, and will (ultimately) be spun-away and stand on its own (WITH its Tax Deferred Assets of course) ... awaiting the proper well-heeled and deep-pocketed suitor.
And big, CASH 'prizes' will --- in my humble estimation --- be awarded to all who still possess tickets (i.e., old HIPPQ shares) and can thereby gain entrance to witness such a wonderful "union"
These are not mere "pennies-on-the-dollor "NOL's" that HIPPQ possesses. Indeed, it possesses over $124 MILLION of raw, cumulative, Net Operating Losses (your Boogey-Man "NOL's").
But all of those "raw" "NOL's" have already been CONVERTED (at a conversion rate of 35%) into $35,790,000 of gleaming, Tax-Code approved "Tax Deferred Assets"; all quietly lined-up and humbly waiting to be on-boarded into some lucky-Joe-acquirer's-balance-sheet ... and HIPP'Q's last periodic filing before the bankruptcy said as much.
Dear War: think of "NOL's" -- not as you have done so for the past 3 years --- but as the raw "stuff" that moonshiners throw into their stills in order to make good whiskey that can be sold in order to earn a very handsome profit: corn, malt, sugar, and yes, even "NOL's".
Then that "stuff" is distilled ... and out comes good whiskey ... and DAMNED good "Tax Deferred Assets" (for an acquiring company of course).
This is not 'mere puffery', nor even 'advanced rocket-science' ... NO ... it's just old fashioned, Tax Code-inspired, American-financial-"chemistry" ... with a very small spoonfull of greed.
HIPPQ WILL BE "ACQUIRED" --- BY SOME "MOONSHINER" OR OTHER, FOR ITS "TAX DEFERRED ASSETS"
Exactly my point. They were the very same so-called "executives" who were responsible for the MELT-DOWN in the stock's value, as well as the FIASCO of bankruptcy.
Why then suddenly "warn" us, your shareholders, that we should abandon all hope ... only to cut and run?
I'm too much of a cynic to ever believe that such so-called "executives" are looking out for MY interests.
So I will stand, hold, and patiently wait for their scheme to unfold. Because very few, if any, OTC-BANKRUPT companies have $39,750,000.00 of tax deferred assets sitting openly on their yellowing balance sheet.