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There was a post of a note from Dr. Joe on that previously. Per his note, they will merge with a German shell company set up to make them compliant with the rules for listing on the FSE, and then issue new shares to all existing owners on a one-for-one basis. Those shares will be restricted until after they IPO on the FSE. The IPO will be 5 million shares at 1 euro each. Timing sounds like 3 to 6 months after delisting from the OTCBB. In the meantime there would be a "road show" to advertise the IPO, which helps us as well.
The second release of stock would be in Q3, for 15 million, at 2 euros per share, which means they think it will be that high or higher by then.
GLTA
Don't know about Zecco. I'm on Etrade and, for me, its going to be messy. They do Global trading but not with the type of account that I have. So I will have to do an assisted transaction to buy or sell, which costs more. Don't know how much visibility I will have of Market action.
You must be on Etrade, as I am. Talked to them yesterday. They said they are waiting on details of R/S from the transfer agent.
I sure hope you are right. I will have another chunk of Momo available here shortly and want to load up before delisting from the OTC. GLTA
Yes, still have 'em. I figure once COBI pays off, I'll buy more. Right now, I'm concentrating what little extra MOMO I can scrape up into COBI.
You may also have had your buy settings at "All or none" which means your MM won't buy a partial lot for you, but wait for the entire 25k block to be available. In this case, that meant the smaller 5k that was available would be ignored.
Hope this helps.
No sweat, my friend, that is part of how this game is played. I'll tag you tomorrow.
I wish I had only lost $1000. I'm getting out as soon as I can.
No, that was me. But you did it to me, so we're even. I'm also trying to pick up some more cheapies before Dr Sincule's speech.
I've lost big on this, too. I'M NOT HAPPY!
Don't forget that sometime after Dec 16 they will de-list from OTCBB, so if the run up to the .30s is going to happen, and you are going to take advantage of it, it will have to happen before then. Otherwise, you will be locked in to a ride into late spring - early summer 2012 on the FSE.
Make your plans accordingly, my friend. GLTA
Agree completely, especially with your last sentence. I think these guys are being honest with us and expect this to go as stated. Neither they nor us can read the future, however, so if it fails we all lose. It is a risk I'm willing to sign up for.
GLTA
I've read all that has been put out, some of it "confidential", and was really swayed by the letter by Dr Sinkule on Nov 1 that outlined the overall strategy, including the one-for-one share swap. As a result I've sold two plays at a significant loss to buy more COBI shares, planning to hold to June to get one euro per.
Can it happen? Yes, if one is in the right place at the right time. I think we are. DISCLAIMER: I could be wrong.
I'm waiting to sell another play, then sometime next week will pick up another 85k. I'll take more as cheap as I can get them.
For every buy there is a sell, both sides of the deal. With which ever brokerage you are using there is a Bid price and an Ask price. These are the highest amount offered to buy stock and the lowest selling price offer.
Level II shows you the lower bid offers stacked up behind the highest, and, on the Ask side, shows the higher asking prices for sale.
L2, or Market Depth on Etrade, is a service you pay a monthly fee to get. Very useful when you go to buy or sell.
$140,000. Each Euro is roughly $1.40 give or take a few cents.
I read up on that. The stock gets on the list after 5 days of failing to deliver 0.5% of the OS, or more, to the transfer agent. At 13 days on the list the MM must buy like shares to submit or be restricted from naked shorting (must have pre agreement to borrow). Even after it is satisfied, the stock will stay on the list for 5 days.
I think this is from Oct 10, when 251k shares were traded so the short would be between 125k and 251k. Doesn't stop others from shorting, but someone is going to be looking to buy. That suggests an uptick in the PPS.
I agree with everything you both said, with one more wrinkle. Why can the shorters do this? Because there are not enough traders out there to prevent it through buying pressure. This is going on with all of the OTCBB stocks I watch (about a dozen).
Something like two thirds of the people who would be interested in this type of stock are out of the game, hiding behind cash or its equivalent. Until that changes the PPS will stay in the toilet (or until it is moved elsewhere).
Maybe I'm being dense, but I don't understand how existing shareholders are compensated, and at what rate. Any insight you could provide would be appreciated. Thanks.
One other thing to bear in mind, having the pps much lower than the true worth of the company is not unique to HNSS. It is, in fact, the norm for small cap/micro cap companies right now. If it were just HNSS I might believe it had something to do with Management, but that is not the case.
That's an easy one. Making the first of a series of machines that will sell for $285k is expensive. My guess would be $2 to 3 million.
Zipperman, you and Belginvest have the right idea. If they are still adding to their IP, then they are working on the first machine. Most of the tech is there but they are working out the "bugs". Inventing their way out of "small" problems.
After they get this one working they will launch, and make a second machine based on what they have learned from the first one. After that one works, THEN they will start several more.
The second and subsequent machines should take 8-10 weeks for each stage. The first one is the killer.
As Zipperman described, patenting is an "after the fact" exercise. Once you show it to the public you have one year to submit for patent. Been there, done that in another industry.
Neither of you guys seems to understand what it takes to put out a machine of this complexity that "is a game changer", to quote both the PR and this board, previous to the PR.
What does the statement about new IP tell me? They are having problems, as expected, and are inventing their way out of it.
Give them some breathing room. Or doesn't that fit your hidden agenda?
While you are correct, ones gets tired of the same old negative complaints over and over again without any new insight to consider.
That still tells me they are hurting for short-term money to dump at that price with such a bright future. Sad.....
I stand corrected. Thanks for pointing that out.
Not 11 days, two months. Recheck the 10-Q/A. Applies to quarter ended Juy 31, 2011. TA info is current.
My vote for reasons for poor performance are flippers and general market. I see this same pattern with my other plays.
My calculations suggest to me that this stock should be selling north of $0.05 based on recent financial info and 8/18/11 O/S of 263,833,333 shares.
BTW, full disclosure, at this juncture, would have little or no affect on PPS.
IMO
Trying to borrow money or sell shares at these depressed prices hasn't worked so they came up with the catalog sales idea to generate income quickly. Looks good, now lets see how well it works. Should have a read on their level of success in Q1, in my opinion.
And the "today" part was mid June, before the catalog sales. IMO that adds another 50%.
Try Googling Garth Likes, you'll get even more good info from a Forbes profile.
The whole team is impressive.
That has to be for registration to attend and walk the floor. A booth costs WAY more than $45.00.
Most likely, however, there is a late registration system for booths. Basically, if they have a booth available they'll take your money. And booth 108 is still open.
IMO not yet, the PPS is too low. Read my post #2757.
That float number can't possibly be even close. Unless all of you guys put together own less than 750,000 shares. Somehow, I doubt that.
IMO this is not a fund raiser. COBI has said they need $10mil for development and that they would be interested in a PIPE. A/S minus O/S is about 78 mil shares. Even if they PIPE them all at the present PPS (no discount) they don't raise enough money. Also, the par is $0.15. They need the share price to be much higher, and holding, before starting fund raising.
BTW, I'm amazed that these HUGE PRs haven't blasted the PPS to at least $0.40 already. You guys that are lined up to dump at $0.25 are aiming too cheap.
Please review the company profile on their web site. Good description of World Wide Wipes, their product line, and what the products are.
With all due respect, adding shares from the treasury into the market does increase the O/S because they are not counted when in treasury.
With that said, I see no factual evidence that HNSS has added to the O/S beyond the 100mil they PRed. Certainly there is speculation with all of the shares we see flying around, but there are other, equally plausible explanations. Only one of which is that some short, or group, has dug himself a hole he can't possibly fill.
Wait a bit. I expect, in the next two to four weeks things will become much clearer.
The Grass Roots Research and Distribution analysis (See post #2606) is now posted on the COBI website, effective 9/23/11:
http://www.compassbio.net/2011/09/independent-study/
Actually, the actions of HNSS DON'T speak for themselves, which is part of the dilemma. Since we are in the pinks, we have to piece together what is going on from a little verified data, PRs that we can't verify, and the action occurring in the market.
What we have seen and discussed in the past few days tends to refute your allegations.
Should you have additional facts to share, please do so.
IMO
August 18, 2011: 263,833,333 per company PR, not independently verified.
100mil of which PRed as "accretive" deal by HNS Funds, a HNSS division.
Disclaimer: I am not affiliated with HNSS, or paid. Am conveying facts as I understand them.