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Ya gotta keep your sense of humor on this one when the PPS is in the trips. Good luck. What are the odds of Black communicating with us anytime soon?
Nobody wants to take the plunge and buy until they are sure Bonar has righted the ship and there is no potential dilution on the horizon. It's "show me the money". Or as Ronald Reagan would say, "Trust but verify". GLTA
Any news at all and this is going to explode!!! To da moon!! Go HNSS!!!!
I have called Timmy several times and he doesn't return calls. It would be nice if they at least came out and told us something. i.e. whether this is dead or whether they are going to continue and try to make a go of it. Good luck.
Yep. We are hanging tough in the trips today!!! Solid support at $.0005!! Go HNSS!!!!
Let's wait and see what happens with that Microfill. It's going to be a game changer you know!!! GLTA
Well he has had a long time to issue follow up PR's on these items but we haven't gotten anything. But I am sure answers will be forthcoming shortly. He will probably bundle it all together in the full disclosure he promised us 7 months ago. GLTA
Unfortunately it does. Happens a lot with Pinkies. GLTA
Yep. I am sure there are all kinds of things going on behind the scenes. The story of this company in a nutshell. The best "behind the scenes" company around. GLTA
What about all the other stuff besides Microfill? Wipes production numbers, patents pending, full disclosure, Fortune 500 negotiations, German company's looking at Microfill for Europe, stock buyback, sale of the company, etc. etc. Is there anything going on with these things that were PR'd previously? GLTA
You would think that Black would come out and address the possible reasons for the chill if they are legitimate but, again, we get silence. GLTA
Nothing they have publicly disclosed has been verified. Nada. GLTA
What good is there to point out? They say they are making money but, like everything else, it hasn't been verified. There is zero transparency here. The PPS is in the trips. Haven't gotten any significant updates in months. etc. etc. etc. GLTA
They have never once given us any numbers on wipes production. Why not? They say they are making money from the HNS Fund but we don't have any information on those investments either. A common theme here. GLTA
Not true at all. I owned stock in another pink sheet company that had an open house for all investors to attend. Black continues with the veil of secrecy. Let's see how it all plays out. GLTA
Well all indicators say they don't even have a production facility so there isn't any place to visit. GLTA
It's really strange. Most CEO's would love to have their investors tour the production facilities. It is a great way to showcase their products, promote the company, and encourage additional investment. And all of that results in a higher PPS. For some reason Black is not like that. GLTA
"Why don't you make a trip to Florida and do some real DD and then let us know instead of taking the word of someone that only posts twice a month and most likely is not even invested in HNSS.."
Actually I called and e:mailed Black requesting a tour of the wipes plant and he never responded. I wonder why not? GLTA
Fasten your seat belts. We could get an update from Black any day now that could send the PPS skyrocketing!!! Full disclosure, Microfill patents/launch, HNS Fund, Fortune 500 negotiations, German orders for Microfill, another buyout offer, wipes production numbers, whereabouts of mothballed wipes equipment, etc. etc. It's going to be a great ride in 2012!!! Go HNSS!!!!
"Investors can decide for themselves if half the messages on this board are true by simply reviewing the financials."
You are assuming the financials are accurate and truthful which may or may not be the case as they haven't been independently verified. There are numerous companies on the Pinks that produce erroneous financials. GLTA
Black's financials don't prove anything. GLTA
"New operations location, if any, unknown."
Is it any wonder the PPS is in the trips? We don't even know if they are producing anything and Black remains silent on the subject. Too funny!! GLTA
This says that their net income should be better during the next quarter versus the last one. It doesn't say how Bonar is going to get million's of $ to pay the bills from last quarter. GLTA
Dude, this board is about discussing STTN and not any other stocks. STTN has cash flow problems. That's it. Bottom line. GLTA
It doesn't matter what it says in other company's 10-Q's. The point is that STTN has cash flow problems that may require dilution of existing shareholders. That's the bottom line. Bonar needs to address where he is going to get the cash to pay for the taxes, working capital deficit, workers compensation claims, etc. etc. GLTA
If they have cash flow problems then they will. If they don't they won't. But it's not standard language. GLTA
The most recent is the most relevant because of the disastrous quarter. They have serious cash flow issues. GLTA
That's simply not true. Company's that don't have cash flow issues don't have a statement in their 10Q saying that may need more capital, that it could mean dilution to existing shareholders, and that their existence as a going concern is in doubt. There are standard statements regarding other things that all company's need to include, i.e. forward looking statements, but not these. GLTA
They are not disclaimers that all company's have in their financial statements. STTN has a cash flow problem and the threat of dilution as stated in the financials will keep some investors away. Bonar needs to issue a PR stating how he is going to address the cash flow issue. GLTA
Plano:
1) Regarding #7, the penalty was $790K and the total amount owed is/was $6.6 million,
2) Regarding #10, The Q says the company will need to seek additional financing to provide the cash needed to continue running the business because of the working capital deficit, tax problem, etc. etc. Bonar needs to come forward and explain how he plans on keeping the company solvent. GLTA
No point in selling now. I will use them for toilet paper if this ends up being a scam. Let's see that Microfill in action!!! Or anything the company says in action for that matter!! Go HNSS!!!!
Let's see how it shakes out. Regardless of the reason, longs are losing their #$%^^& on this investment and have been for some time. Would be good to get some closure one way or another. GLTA
I suspect it will play out just like the full disclosure. Black waits until the week before it's due, in the case of the Microfill around the 3rd week of March, and then tells us there is another delay. GLTA
Let's see what the company has to say about the "Microfill" launch here in the first quarter. Hopefully investors can verify the existence of the machine and it's all Black says it is. And hopefully there aren't any more delays. I am waiting with baited breath. GLTA
Actually the OS count went up in the last set of financials they published. We don't know what the true share count is because the financials haven't been independently verified. GLTA
"If things turn out to be the way they said they would then this will be a gold mine..."
That's a big if for a company with zero transparency. Unfortunately I think there's a reason that nothing can be verified. Good luck loading the boat. I hope it works out for you.
Some good comments Joy. The only way that you find out a scam is in fact a scam is after your investment is gone. We are only 4 ticks away from that. And you are right again that every CEO should encourage investment in his/her company regardless of what exchange the stock is traded on. Time will tell on how this shakes out but it will be interesting to see what happens with the "Microfill", if in fact there really is one, and the associated patents. Stayed tuned for the next PR. GLTA
Well the IRS defines Long Term as greater than 1 year. In the case of HNSS, it has been in a decline for much longer than that. So, yes, long term holders of HNSS have lost their #$%^& on this one. GLTA
Yeah. He never seems to answer the public phone # he is advertising to investors. Just another thing he is doing under the surface. In fact, that's epitomizes this company in a nutshell: it's a company under the surface with perpetual delays. GLTA
Yeah. I can't thank Black enough for all the money he has made for shareholders now that the PPS is in the trips!!! Too funny!!! What a great CEO!!! Go HNSS!!!!GLTA