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Shine, in the interest of fairness, I think the board has had a heavy bias over the years tilted toward those who only will see the rosy side of things. It is only fair to hold that the "bashers" as you call them have been more often right than wrong. It turns out that the very great majority of "positive" posting over the past years has also been no more than baseless claims and wild speculation. You may want to be aware that MODs consider calling posters names, such as "bashers" a violation of TOS. If too much of anything has been going on here, it is IMO a tendency to give management a pass on every they say and do. I would rather they say nothing at all than say things that don't happen as advertised. It's well past time to chit or get off the pot as far as I am concerned.
Clobal, I don't blame any poster for anything. Posters don't make any difference. All that will matter is if and when this company begins to make money and make money in sufficient quantity to overcome all this massive dilution that I have watched for a couple of years. The only reason I posted was because I read a post asking a person if he/ she owned shares. The point I was trying to make is that owning shares has nothing to do with a person's opinion about the company. Just because someone has no shares and has a negative view of this company does not disqualify their opinion or make them part of some sinister attempt to manipulate share price. If we accept that premise, then we must also accept the contention that shareholders who only speak positively also have an ulterior motive. What is the difference? Everyone needs to put forth their opinion about the company, good or bad. Readers can agree or disagree with opinions as they please. We're all adults here. The company will stand or fall on it's own merits. About all we can do is second guess what is going on. I for one place little or no value on the second hand information we see on this board. Past years have not proven second hand information to be reliable.
jc
It doesn't make any difference how many shares someone does or does not own. Opinions about the company are valid topics. How many shares a poster owns is not relevant. Someone with no shares can make the claim that their opinion is unbiased, whereas those with large numbers of shares will say anything to paint the best possible picture. What bearing does any of that have on whatever is (or isn't) really going on in the company? None. The bottom line is this company needs to start making money.
It is not an attack on a poster. It is about the company. The company is getting harder to defend as the share count grows and there continue to be no revenues to speak of.
XXIS down 66% to a penny?
Allie, with all due respect, I wouldn't say the "launch of the products coming", but rather, "the PROMISE of the launch of the products still up in the air...".
jc
Thanks for the update.
jc
Research Triangle Park is a very large area generally lying between Raleigh and Durham. I notice the PR says "Research Triangle Park AREA"...not Research Triangle Park. So we really haven't been told anything. RTC is a high dollar, high tech community that I doubt SWPC will be actually located in. Let's see if they give us an address.
jc
P K G, the $5 mil is pure speculation on my part. They say they are seeking that sum, which curiously is the amount a company can raise through RegDex offerings. I am of the opinion that we are seeing a P&D in the formative stages. I will be the first to admit that I am extremely dubious of this company and it's motives by reason of past experiences with them and also the absolute lack of transparency here. My single biggest complaint is the failure to provide timely financial disclosures so that we can see if there is any correlation between what they say and what they do. I could be wrong about them, but I don't believe I am. I believe that it it were an honest company that had any ounce of concern for shareholders or potential shareholders, they would give us what we need to make intelligent decisions, they would provide financial information that is current, not stay two years or more behind on their disclosures.
I will check out the new location if I find the time. But first I need an address. Did they state where this new location is?
jc
I have been by the Apex facility. Apex is a suburb of Raleigh. I remember a few years back when HydroFlo announced that they were moving from Raleigh to Apex for basically the same reasons they are now stating the move from Apex back to Raleigh. I suspect the reason they are moving is more found in the "cost savings" part of the statement. It's another way of saying they can't afford the Apex facility any more, IMO. The Apex facility was large, brand new and very nice.
Yes, I have looked over the websites of the two mentioned companies. The fact that SWPC recently doubled it's Authorized share count tells me they are about to sell a lot more paper. The Megann website says they are looking for a $5 million investor. Can you guess how much money the SEC will allow a company to raise annually through the sale of unregistered securities? Take a wild guess. Start searching EDGAR for RegDex filings.I bet you will see them soon.
This company has been announcing pie in the sky for years now and has never produced a thing. Where are the promised audited financials? Without them, you know absolutely nothing about this company. Where are any announcements of closed contracts that were alluded to at the last shareholder's meetings? These were supposed to close by December. We have as yet not heard a thing.
I would not believe a thing that comes out of this company by way of forward looking statements. They have yet to produce on any single thing they have promised since they began. That is a miserable record that has separated a lot of people from their hard earned money.
Well, it looks like it was one of those 3 day bumps. I would guess all told , they probably added 50 million new shares over the last month or so. Anyone who cares to be bothered with such details could call the TA and ask. I know for a fact they added 23+ million before the Friday before last. The TA updates the count over the weekend. Any figure you get from them is good up till Friday of the previous week. I hope any of you who bought those new shares were able to sell them quickly or that there is another little bump for you.
Hey, if you can turn a dime with this, best of luck to you. I would however like to know what you think of this half billion new available shares. If this turns out to be another empty little spike like all the others, when the dust settles you could easily be left holding a bag full of newly minted shares. I am not saying I hope that happens to you, but be aware that is all that has happened in the past with this company. I really wish all of you the very best. But I encourage you to kick the tires and look under the hood. If they are orchestrating another typical P&D, it will run for two or three days on high volume and come down very fast on little volume. IMO, the ability to sell is what will clue you in as to what is happening. Liquidity on the sell side. If all the supply is coming from the company and not from retail sellers, you will be screwed unless you are very quick. Anyhow, good luck. I live up the interstate from Apex and pass by from time to time. Maybe I'll drive by and look for signs of life.
jc
Please keep your posts on topic and within the Terms Of Service. Do you have anything of substance to say about this company? What, might I ask, do you make of the fact that the Total Authorized share count was changed during the time frame of the announced and subsequently retracted reverse split? Does it strike you as disingenuous that an image was generated of "holding the line" on dilution, while the Authorized was effectively doubled? In fact, are you aware that over twenty million (20,000,000) new shares were issued as this charade was being conducted? We still have no audited financials , though the promised times for these have come and gone repeatedly. We still have no verifiable evidence of sales or closed contracts, despite a recent claim that over $570,000 worth of proposals were to close by December of last year. What we do have is a "going concern" statement in the most recent filing. It states that they have operated at a loss since the company's inception and that raising operating capital through sales of stock is the only thing they have to rely on. That is evident, since they are now in a position to dump nearly half a billion more shares on us with the newly increased authorized. When I first bought stock in this company (before the SEC busted them for a P&D scam) the total issued was 34 million. Now they add that much every time you turn around.
Another thing I find suspicious about this outfit is the way they shuffle personnel around, appointing each other to new positions, etc. The one time they brought in an outsider, a "turn around" specialist, ended in his resignation with a scathing letter filed with the SEC that describes the inner working of this Old Boy's club. If you have anything of worth to say about this company other than ambiguous hints and poetry, I am sure people would love to hear it.
jc
Call the TA and ask about the new authorized and the new I&O...LOL
Repost with a highlighted hint...
Posted by: jcrom56
In reply to: A deleted message
Date:12/12/2007 10:01:05 AM
Post #of 952
Quite the contrary XXX, I will be around to see this latest round of lies and flim-flamery unravel. The snake can shed it's skin, but can't change it's poison. This will still be the same scam. At the shareholder's meeting the reverse split was approved ,XXX, how could Tex and I have egg on our faces for commenting on something George said was going to happen? Isn't the egg on the boards face? After all, they approved the split, XXX, not Tex or I. He has done an abrupt about face (Again), no surprise there, but he will change his tune soon enough. R/S was approved by the board, as stated in the last news letter and now they say it is "rejected by the board", as if they are locked in some battle with the forces of evil...LOL. What a crock. Where are the audited financials, XXX? Where is some verifiable news about contracts and sales? I used to hold onto hope and swallow these lies, but never again. Either George will spin around again on this issue, or he will increase the authorized to a couple billion. Any way you slice it, George will be George. You will see...again....
Yes I am biased against this company. No doubt about that. I do not approach crooks, scams and flim-flams with an open mind. Having followed this company closely for a number of years, yes, I have developed a bias. I also have a biased opinion about people who can't afford their phone bill , yet spend money on lottery tickets. I don't hate them. I wouldn't do anything to stop them. But I am of the firm opinion that they are acting foolishly and are wasting their money.
What agenda do you suppose I have? I have no stock in this company and never again will. All I have is a biased opinion based on years of observation. This is a stock chat forum. Nothing more. The company is not being steered and guided by your and my opinions. It is controlled by George and his cronies. All we do is observe, comment and prognosticate. What power to "destroy" is it I am supposed to have? This company has gone from a buck and a quarter to a miniscule fraction of a penny through no doings of my own. It is the result of fraud, deceit and dilution. The company destroyed itself. I have merely commented on it.
No disagreement here.
jc
You are entitled to your opinion. Mast and Moore have destroyed the trading accounts of a lot of decent hard working people with their scam. All I have done is talk about it. I don't hate the men, but I most certainly do hate what they have done. Anyone with an ounce of feeling for those hurt by this scam would. Go back and read the recent filing. Read the minutes from the shareholders meeting. Have you heard yet of these deals closing? Where are the financials he said in the shareholders meeting would be out by now? And you know the person who asked him didn't mean 2005 financials. HYRF is and always has been long on hype and woefully lacking on substance. If you want to swallow this latest round of nonsensical tripe they are serving up, knock yourself out. I don't buy it for one minute.
I am real. I have intimate knowledge of this company going back a few years. It is in my opinion nothing more than a scam. My time is my own to spend as I see fit.
Ownership of a stock is not prerequisite to having a valid opinion of the company. In fact, the SEC takes the position that owning stock in a company likely skews your actions and words favorably toward the company. Hence the government requires most appointees to divest themselves of any stock that their government position puts them in a place that they might influence the price of the stock. Again, the SEC requires someone promoting a stock via the media to disclose to the public whether or not they have been paid or given stock in exchange for their "services". And finally, I am a paying member of the IHub and will darn well say anything anytime about any stock I choose as long as I abide by the TOS.
So I will NOT support this company , regardless of the fact that I sold long ago, nor "must" anyone else.
Stick with this company and you'll soon change your tag to "SOLARBROKE". LOL
There are three on the board, not one. He is not the board, he is chairman. Three items were approved by the board. Since Moore, according to you, can just do what ever he wants without regard for the rest of the board and for items approved by a majority of shareholders, is it safe to assume that even though appointing independent auditors was "approved", it doesn't necessarily mean he will do it? You are just barely , ever so closely, painfully close to stumbling onto something here. Namely that Moore will say and do just about what ever he wants to with impunity and some will continue to lap it up like a dog returning to it's own vomit.
Man, this is going to be fun to watch...LOL. The past is prologue where this company is concerned. It is a great study in human nature.
And FYI, I resent the "hate" slander about me. God be my witness that I don't hate anyone. You have accused me of this before and I guess you want to do it again for reasons known to yourself. I resent it, but there isn't anything I can do to stop it, so rock on. There is a big difference between hating someone as apposed to hating what their words and actions do to people. Just my humble opinion, but you would do yourself a service in learning to understand that. Moore's history with this company has hurt a lot of people and I am convinced no good will ever come of HYRF. For your sake I hope I am wrong.
LOL, isn't this a turn of events. P K G accusing me of having egg on my face for repeating something George put out in a filing. Of course since I repeated something from HYRF that turned out to be more bullsh*t, I guess I deserve it, since I should have known better. Watching this ongoing train wreck is going to be fun.
Moore PR'ed the reverse split PKG. So I guess it's shame on me for taking something he put out at face value:
Minutes of Annual Shareholders Meeting of HydroFlo, Inc.
The shareholders of HydroFlo, Inc., held an annual meeting on October 26, 2007 at 3:00 pm, at the corporate offices of HydroFlo, Inc. located at 2501 Reliance Ave., Apex, North Carolina.
Call to order
The Chairman of the Board, George A. Moore, called the meeting to order and announced that a quorum was present and that the meeting was held pursuant to a written notice of meeting given to all shareholders of the corporation. A copy of this notice was inserted in the minute book immediately preceding the minutes of this meeting. The corporate secretary Deanna Britt served as Secretary of the meeting.
Attendees
The shareholders present at the meeting, in person or by proxy, represented a majority vote of the stock holders.
Open issues - Proposals
The chairperson then announced the following proposals up for approval:
Proposal 1 - the amendment of the company’s articles of incorporation to change the company’s name. All shareholders were in favor of this proposal. It received adequate votes for passage and was approved.
Proposal 2 – the approval of appointment of independent auditors. All shareholders were in favor of this proposal. It received adequate votes for passage and was approved.
Proposal 3 – the approval of a reverse stock split. Not all shareholders were in favor of this proposal however it received adequate votes for passage and was approved.
Company Update
The chairperson then announced the following updates regarding the company’s business transactions:
Sales – HydroFlo Water Treatment, Inc. currently has 50 open proposals with 15 projected to close within the next 90 days. Three proposals are in the production phase. Another three are in the design phase and should close in November. We expect greater than 70% of the 15 to close by December. Their value is greater than $800,000.00.
Ultra Choice Water and MARTI are advancing with sales from existing customers and expanding with new customers. Ultra Choice Water will begin selling the SteriPure™ Pitcher System after the first of the year, with marketing starting in December.
MARTI is projecting sales to increase during the 2nd quarter and within the next year be back in the black.
Safety Scan Technology, Inc. is not set to come out of the beta phase for another 6 to 8 months. It is projected to be the biggest “bread winner” for the company.
Comments & Questions
After reviewing business projections, the chairperson opened the floor for questions and comments.
Question 1 – More details were requested on the two reverse splits projected by 12/31. The response: “honestly we will go thru one reverse split not two. With that we are looking to get in the 0.25 to 0.50 cent price range per share.
Question 2 – Information was requested on when the financials will be released and what was the delay in getting them out. The response: “financials should be out within the next month. The reason for the delay is that we’ve had to go thru a forensic restructure of the prior year’s financials.”
Question 3 – An update on the current status of the class action suit was requested. The response: “at this time we are continuing to work toward an out- of- court settlement. We are hoping to be able to comment further on the situation within the next couple of weeks.”
Question 4 – Information was requested on the validity of a rumor regarding HydroFlo selling the rights to Code Blue. An update was also requested on Code Blue, EYII and possible sales to China. The response: “Any statements regarding HydroFlo selling the rights to Code Blue to anyone are false. In regards to selling to China, it is
unclear why our filter was even tested for biological filtration as it is not a feature of this design. Although this was the only one of the thirty-one lab tests that failed, we are working to resolve this remaining issue.”
Question 5 – Can the SteriPure™ pitcher be marketed to China? The response: We are exploring this issue. The current SteriPure™ media formulation does not remove arsenic, however, so it would not be a direct replacement for CodeBlue™.
• Paul Ogle, Executive VP & General Manager of MARTI presented the prototype of the SteriPure™ Pitcher System. He explained the how the pitcher system works, “Basically the pitcher’s first stage works like any other pour-thru pitcher (i.e. Brita, PUR, etc.) but has the added benefit of continuously monitoring the purity of the filtered water through the use of an internal water quality sensor and electronic safety system. In addition, the system has an integral ultraviolet (UV) light to continuously deactivate biological impurities like bacteria and viruses.” Currently, the system effectively removes heavy metals and biologicals, however it is not currently designed to remove arsenic.
• Mr. Ogle also briefly discussed marketing plans for the system. With exclusive distribution rights in Canada and in the US, MARTI plans to distribute the system through direct channels and also thru Ultra Choice Water. MARTI continues to explore other distribution outlets as well.
Adjournment
There being no further business to come before the meeting, on motion duly made, seconded, and adopted, the meeting was adjourned at 4:15pm.
Minutes submitted by: Deanna Britt, Corporate Secretary
Minutes approved by: George Moore, President/Chairman of the Board.
PKG, HE...read that again...(((HE))) in the recent filing said that a reverse split had been approved. Tex and I were speculating on when the press would crank up. How does one get egg on the face for trying to predict when George would start the R/S selling when George put out in a filing that the "board" had passed it? Why was it approved in the first place? If we do have egg on our faces, it is from another thing George said that didn't happen ( the R/S). I will not deny I have long anticipated a R/S and if I were you, I would keep in mind whom you are trusting here. George will change his story faster than a fat chick goes after a french fry. You pose interesting questions about funding, payroll, etc. I too have questions. Where are the promised AUDITED financials? Where is a filing that gives facts and figures concerning supposed contracts and sales? Where's the beef P K G? Is it too much to ask? I will be shocked beyond measure if he doesn't increase Authorized and resume the dumping.
Quite the contrary PKG, I will be around to see this latest round of lies and flim-flamery unravel. The snake can shed it's skin, but can't change it's poison. This will still be the same scam. At the shareholder's meeting the reverse split was approved ,PKG, how could Tex and I have egg on our faces for commenting on something George said was going to happen? Isn't the egg on the boards face? After all, they approved the split, PKG, not Tex or I. He has done an abrupt about face (Again), no surprise there, but he will change his tune soon enough. R/S was approved by the board, as stated in the last news letter and now they say it is "rejected by the board", as if they are locked in some battle with the forces of evil...LOL. What a crock. Where are the audited financials, PKG? Where is some verifiable news about contracts and sales? I used to hold onto hope and swallow these lies, but never again. Either George will spin around again on this issue, or he will increase the authorized to a couple billion. Any way you slice it, George will be George. You will see...again....
MAN and TT
I bet the ink will still be wet.
I agree.
Sorry...I couldn't resist.
This 10Q is for 2005. It doesn't mean anything other than to reveal how bad things really were while HydroFlo was issuing false and misleading press reports in 2005 with false pie in the sky numbers, the same period named in the SEC fraud crackdown. In this 10Q, the word audited is only used to describe the month ending June 30, 2005. Every other named time frame or event in the filing is clearly labeled "unaudited" as you can clearly read in the index. How does a handful of unaudited information accompanied by one audited month constitute "fully audited"? It must be magic. In any event, when will reports for this quarter be out be out....2010? I'm sure that info will be made available well after the name change, reverse split and subsequent resumption of dumping of worthless paper.
Too bad they still haven't produced AUDITED financials.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5550748
I personally think the boards have been like a dog chasing it's own tail for way too long. IMO , all this number crunching is a waste of time. The fact is, we have nothing OFFICIAL as of yet to go on. We have a few vague press releases coupled with a monstrous quantity of emails, phone calls and general innuendo that can not be given a great deal of weight until verified by actual fact and figure. I ask myself concerning the past emails, phone calls, and other second hand unofficial information, how has the actual story unfolded over the past two years as compared with this second hand guesswork? The fact is, everything today is about like it was two years ago. There is a lot to talk about, but not anything to see. As for speculating about 141's opening share price...all of us have been in this game long enough to know better. The question isn't what the price will be on the first trading day. The question is what will it be after the private placement selling is over with. I guarantee it will be lower than opening day, and I guarantee none of us knows what that will be. All you can do is wait and see, IMO.
Yes, pops was a tough old nut. Thanks for the kind words.
My dad is a two tour veteran of Korea and two in Vietnam. He has two purple hearts and is in the hospital dying right now. I will be piping him out very soon. God help me play it through all the way.
My pleasure.
Martingale's post with correction
______________________
Sorry about the delay here folks but this is what I have:
RE 141 Capital:
Per Errol Stone the XXIS shares will begin trading in January
as nearly as they can tell.
They own the shell now and have alot of paperwork to complete.
Also they are in the process of moving to the Chicago Board of
Trade with their new offices, buying equipment, neg. the lease
and so on.
Per Paul Strickland, he is expecting the IPO pricing on XXIS
to come in around .25. The 120,000,000 share spooz has would
then be worth about $30,000,000. There market cap is just over $6,000,000 now so alot of upside to the stock when XXIS
starts trading.
They are only going to put out into the market $3,000,000 worth of shares. This is being done first by a 504 with
accredited investors for $1,000,000. Then they are working on a 506 for the other $2,000,000. Eli Kauderer is handling the
placements. I have a call into him in his NYC office but have
not yet heard the details on the offering to investors. Eli's
number is 1-866-807-5111 for those wishing to check also.
They are staffing up right now to replace Jame Groves and Peng He. Paul said it was no problem to find another trader.
Apparently Groves is working for another company trading Forex.
They have NDA in place and confidentiality agreements as well
for whatever they do next.
About Spooz:
The REGDEX filing was done for a mini 504 which has now been
completed and explains why the O/S increased by 80M shares
recently. The financier has the shares and may or may not have already sold them on the market but they are in the
1.4B O/S. They are not planning on doing another 504 so no
new shares will be added and the A/S will remain at 1.475B.
Tom Opper is going to be the new Director of Sales. Tom was
the IR guy before. I have talked with him in the past and he is a very sharp guy and completely knows the spooz story.
We should be able to get a feel for sales results from him when the product is launched.
They are definitely on track for releasing STv2 in January and are staffing up now to do it. They need 24 hour phone coverage 7 days a week at spooz to handle the expected call
volume and they need technical sales people.
Spooz is not planning on releasing much in the way of PR's
until January. They are going to start their IR blitz at that time.
141 Capital should have a PR or two before the end of the year.
Paul said that it will take 1,000 subscriptions at $600/mo
to become profitable and they expect to do that in Q1 2008.
They already have lined up several hundred subs.just waiting on the product release. They continue to demo the product and
sign up new subs.
Paul said the PPS is going to take off when their is news on
revenues which will start in Q1. He thought spzi might run
to $1 per share by 2009-2010.
The company is in a good cash position at this time having gotten in money from the mini-504 they did. Errol Stone said he expected to fund the first $500,000 to spooz in the next
45 days. They have the money in place.
That about wraps it up.
Maybe they could help like they did during hurricane Katrina?
I've done a little digging. There is an internet rating service called "QuantCast" and there is a porn bot called "Spoozer". I suspect some lines are getting crossed somewhere. But to get a definitive answer, I suggest Allie or someone include the subject in the next Q&A session.
JC
It's another RegDex and was filed 11/01/2007
He said the A/S is unchanged. It's the issued and outstanding that he says is up by almost 80 Million. Did you ask the Xfer agent about that , Allie?
jc