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The balls on Harvey to bet 27 mill that his company will thrive... huge balls.
Bet he's a "no shorts" kind of guy too.
I picked up a decent amount of .0051's earlier this week. Im pretty happy about that.
I thought today would be a good loading zone, but the pps is holding pretty tight.
That .0046 bid is a joke
JT103...
Any word from Harvey today?
Sounds like the intention of that statement was to show that Harvey Burr will be assuming the possible 27 mill of debt and not the share holders. If the public company was negotiating a loan of that amount it would not be good for the share holders. If Harvey personally accepts that loan as the owner of a private company, he will have the funds needed to get things rolling without diluting his public company.
If looked at this way you can argue he is putting the shareholders first. To negotiate a deal of that amount as a private business owner shows a lot confidence in his own business plan.
IMO
? If they intended to clarify what's happening with that release they failed.
How is there still a privately held Hitec llc? I thought private Hitec llc became public Hitec Corp?
And if there is still a private Hitec llc why do we care about what's happening with a private company
I will hit that .0096 ask if shows
From my understanding, financials are due by 4/14. I would love to see a PR release along with the first true glimpse of Hitec's operations.
And ticker change?
I still don't fully understand how hitec is currently trading as DRAG but cannot get a ticker change based on AMF standings.
so OTC can move ahead without the AMF, but FINRA cannot?
Some volume returning today.
Keep it coming
Let's go DRAG. Back up to .01
I am still loading as funds allow. I have confidence that once everything comes together this stock will do very well.
IMO
Looks like OTC is updated.
Jody Walker, Counsel
Ankit Jain, Accounting / Auditing Firm
I would agree they file on time. The work involved to back track Dragon Polymers financials must have been difficult but they got it done. To file their own Hitec financials should be much easier... Possibly they are even audited for submission to AMF.
I would guess the last Dragon Polymers filing was not audited because no auditor would sign off on a financial statement from a defunct and disassembled company.
That should be our first look at Hitec's financials. Hopefully they combine it with a press release about any progress made with the AMF and FINRA
When is Hitec's quarterly report due?
Mid April?
Something odd that I noticed on friday... my brokerage account, OTC website, and some charting sites I use were all updated to say Hitec and not dragon polymers for ticker DRAG early friday. Then around lunch they reverted back to dragon polymers. I got excited thinking everything was cleared up and we were moving on only to be quickly disappointed when they went back.
Still makes me think things are getting close
https://nvsos.gov/SOSEntitySearch/corpsearch.aspx?st=c&ss=hitec
Here's the link.
Maybe you missed it.
charting still down
Possibly an attempt to scare investors into giving up shares cheap before news and ticker change drops?
Hopefully this drop prompts Hitec to give an update. Any info at this point is better than none
I agree. I will load as many of those .oo5's as possible.
I tried with 2 minutes left but it did not fill
The fault is with DRAGs management not with Hitec. Hitec is working hard to clean up a mess left over from the previous group.
Hitec kept their word by filing by 3/17 as they stated. Just too bad it was not audited and could not be submitted to both the OTC and AMF.
Typically in the OTC we see a flood of misleading and sometimes fraudulent PR campaigns to drive up pps. In this case we have the opposite, a complete absence of updates to the share holders.
Hopefully hitec will realize that without any PR this stock has no hope
I checked AMF this morning and they are still on the naughty list. Link below.
http://recherche1.lautorite.qc.ca/search?access=p&entqr=0&output=xml_no_dtd&ie=iso-8859-1&client=amf_frontal&q=dragon+polymers&filter=p&ud=1&site=default_amf&noleft=1&oe=ISO-8859-1&proxystylesheet=amf_frontal&ip=173.245.55.169&ID=search&sort=date%3AD%3AS%3Ad1
Without the LLC.....
That's been happening for about 2 weeks. Someone trying to bring the chart down end of day.
They always do 133 shares as well, so it's easy to tell it's the same person.
Look up RDH Environmental Services LLC.
In NC.
From what I understand this is one of the main business operations of Hitec.
Manta from 2011 says 4 employees and revs of 200000 + .
Imo there is more value in researching RDH than hitec.
All imo
I believe the $13.66 comes from yahoo's own dd. Not from hitec. Possible but very far out. This year maybe we see .30
Any research into DRAG from before 2015 does not apply as it is for Dragon Polymers and not Hitec
Patented technology to turn old tires into cash. Still thinking hitec will be big, just patiently waiting.
The only reason to go public is to raise funds to finance business operations... when you invest in a small company with a strong business model then that company grows and generates revenue pps goes up and you make money... Just fyi
I got in around .007 and have been averaging up from there as funds allow. Can't wait to put DRAG behind us and move forward as hitec.
Harveys vision is coming together
I just hit the ask with a 6$ trade... and 16 in commission. Makes those 1.5mil look a little better
Back up to .0118
Is it possible for hitec to move ahead with the OTC minus AMF? OTC has allowed updated information and hitec has requested the ticker change. Maybe hitec can proceed in the OTC and clean up AMF when they are ready to trade on AMF.
I emailed the AMF asking about the cease trade order and if any recent filings have been submitted.
If they reply I will post.
He's a shorter
Things coming together here. I bet this will be one of the best OTC stocks of 2015. Real company, real business plan, no bs PR campaign. Although some PR could not hurt....
As Miami mentioned friday it would be very messy to break up the Hitec operations into some public and some private, especially because the business model of RDH doing retread, and hitec breaking down and selling the tires that cannot be re-treaded. Seems like 2 streams of revenue for a single opperation, so hopefully it will operate as a single public company.
Imo
Well, if RDH is part of this RM they have revs of 5 mill+ a year and 70 + employees. I am pretty curious to see all the details once it is released.
I don't believe there will be a r/s. Share structure and price is solid.
The filing should happen on or before 3/17 as it is the date Hitec requested. I was thinking only the end of DRAGs financials, but as you mentioned possibly it contains more. Either way hopefully it brings some volume in