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Looks like you called it! I bet all the kool-aid drinkers are eating crow today!
Not a single peep from @haon_official , @luiis325, and @bernard_findley .
I'm suprised their Twitter feeds haven't gone completed ape-sh#$ this morning with hateful tweets haha.
Don't worry. They are diluting to fund the buyback program & to buy some more presses. Lol... I wonder what the company will put that $240k to use with?
Did people really think they were just going to raise the authorized and not dilute?
Lol.
Stuckholders (* including myself *) better hope that HAON starts buying back shares after the trash what's left of the authorized shares.
Diluting 14 billion at .0001 isn't going to buy an acquisition worth bragging about. Come to think of it, $1.4 million is about what the cost of the EROP settlement: (*debt + HOPP *) cost shareholders.
No bid only $3.7k away.
Don't forget that their operational costs continue to increase too!
The stock is practically at no bid at this point. Only $6,200 of bid support at .0001 and over $200,000 on the ask. not enough to provide liquidation to the remaining stuckholders here.
Put a fork in it. HAON is done.
TIMBEEEEERRRR!!!!
Lol @ this bloodbath. My money is gone here.
NO BID IMMINENT!!!
Absolutely insane. HAON selling shares at .0001 for chump change.
you were all warned of the dilution. .0002 holders are fked
F$#$ you Bernaturd & intern.
$HAON = POS
Still believe getting .0001's is still fantasy? Lol.
Sorry bro your screwed. McKay fleeced many here. I lost a lot of money here years back..I hope his cancer comes back to send this scumbag to hell.
HAON is going to have to put their money where their mouth is and buyback more shares than what they have done. If they can offset the dilution from the next acquisition then maybe there will be a positive outcome from this.
Wish in one hand and $#@& in the other and tell me which one fills up first.
I believe this company has a stock sales program too. They've done quite well with it.
Used to be fantasy before the A/S was raised to 25 billion. Give it a couple of months. They've yet to raise any new funding with the share structure. It will happen. Mark it.
The smart investors are selling whatever they have at .0002 and are preparing to buy at .0001 when they open the floodgates.
Be patient and let the company issue their PR's and shares to the public.
$50k of .0002's sold will buy twice the amount of shares at .0001.
Unless HAON is purchasing the next acquisition with cash (* unlikely as they seem to not be able to save any *), it will more than likely be funded through the common shareholder. Nerves should remain frazzled unless one has completely sold their position without loss and plan on obtaining say .0001's &/ .00005's.
No PR updates. Vauge tweets. A/S increase. Former teknik arts mgmt posing for pictures with Bernaturd. Things are not adding up. I can only hope that the next PR is enticing enough to the next wave of naive investors to buy up my position so I can get out with my investment intact. The only way I would hold my shares & maybe add more is if they were profitable for Q2 & showed signs of long term profitability.. given haons track record, that will likely NOT happen.
HAON investor shareholder meeting preview:
It's all B.S bucks, for once I'd like to be able to invest in a real american start up company that is focused on making the company, and its shareholders money - not just themselves. If you track the the life expectancy for a pink sheet company, its not very long. Most go out of business and wind up being delisted within a couple of years, or the shell gets sold and the buyer does a huge reverse on the stock. In essence, most of these pink sheet companies are nothing more than a tool for management to launder money into their accounts.
Pinks are to trade, not to invest in. "Investors" of pinks, don't buy common shares - they buy preferred shares as they are protected from splits and have liquidation rights that trump the common shareholder. When companies release PR's, or other positive news reports, traders make money. Traders of $HAON stock can't even do that anymore, as the float here is so bloated. There has been two consecutive PR releases where i recall that the PPS was unfazed, not able to break through .0003. To add to that, on one trading day - over 1 billion shares were exchanged and the pps only moved +/- .0001. That is pathetic.
It's going to take more than an acquisition to restore volatility to the share price here again. The market has lost all faith in this stock, evident by the lack of volume and huge block of shares on the ASK. If only HAON could stop burning through its profit on payroll expenses, they could buyback 10-100x the amount of shares that they have purchased this year - but why would they do anything to benefit the common shareholder? That goes against their principles.
gltu
Revenue doesn't matter if they continue to spend more than they earn. That's been the number #1 problem with HAON ever since they took over HOPP. There has only been one good fiscal quarter with this company - q3 2017. Since then, payroll expenses have strangely gone up through the roof.
HAON is traveling on a steep slope, headed towards the a fiscal precipice otherwise known as no-bid / grey sheets. Maybe FINRA will grant them one last R/S and they can raise another round of funding to purchase another series of unsuccessful businesses to keep the cycle going. These days I guess its easier to purchase an empty shell for < $100k, come up with an exciting business plan, find ways to create as many "operational expenses" as you can, and then sell as many shares while you can to the masses while staying under safe harbor terms.
HAON is POS and all investors who funded the EROP settlement got the shaft.
I certainly hope that's the case.
A/S raised to 25 billion? Only a fool would buy this trash at .0002.. Buybacks? They can barely buy back over 10 million shares in a quarter.
There WILL be a reverse split. Even if they miraculously start pulling in $250k+ profit per quarter, it will take forever to buyback all of the shares. There are a lot of SEC restrictions when it comes to buybacks. It's a lot easier to destroy your share structure than it is to repair it.
The smile on these investors faces is unnerving. I wonder what kind of toxic convertible promisssory note Bernaturd signed with these guys? Batten the hatches folks, there's gonna be a dilution storm here soon..
$HAON
I hope our IR intern is hourly and not salary. No PR in over 2 months.. Putting out a couple of vauge tweets a week doesn't justify it.. Come on.. HAON is a POS
HAON will never able to purchase anything significant for 14 billion shares at .0001 .0002. The HOPP transaction cost around $1.2 million dollars and they can barely make a profit.
This next acquisition, if any - will be nothing more than another notch on the drawing board of failed acquisitions that Findley has purchased with shareholder money since the take over of the shell.
Obviously HOPP isn't doing as well as anticipated.. trying to fund an acquisition with 14 billion shares at .0001 / .0002 isn't going to buy much. In the long run, it's easier to sell shares than it is to buy them, there are volume restrictions on how many shares they can buy in a certain time period..
If HAON were smart, they'd get the pps up to .0010 and then start diluting.
This is a POS. Good luck selling .0002's.
POS. They are going to dilute this further into oblivion. .00005's coming soon.
Wow, 25 billion A/S? How does buying shares back or an imminent uplist work when you have to raise the authorized by 14 billion shares??
Watch that .0001 bid get pulverized. Don't say I didn't warn you.
I agree. Delayed find = delayed bad news.
My guess is that the conference call will be a form of damage control when MGMT either raises the authorized or finally reverse splits the share structure
Increasing payroll & administrative costs Q over Q! THE REALITY! LOL $HAON
It's really starting to look that way.
Acquisitions, increased revenues, etc.. Will not matter if the company continues to spend 2/3's of what its profit on payroll expense. Just saying.
Guaranteed they gonna raise authorized or reverse split this POS. There is no other reason to update the nvsos. May be selling a lot more shares here soon, I can't trust this POS company.
Bolvine excrement.
Good, they can raise the authorized or perform a reverse split now.
Arguing with shills will get you nowhere. HAON is a POS. Congrats on realizing it.
Lol I believe it
come on haon, buy back a couple hundred million shares or so at .0002. publicly announce this and a positive balance sheet for q2 and you have my support again. time to stop tweeting and show us you mean business.
Great post bucks. Most pennyland traders including myself are gluttons for punishment. Bernaturd sure knows how to dish it out huh?