Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually, my office is in an industrial area near a shipyard (in Seattle). It is truly a "dump," but my company is profitable.
How can HCPC have a lot of customers? They're just getting their feet off the ground. I suspect that if they start to become profitable, they may reconsider their "digs" and move to something nicer - something to accomodate new customers (though I suspect most of their transactions will be via e-mail and/or faxed applications).
Crawl before you walk.. Crawl before you walk..
End of the world, Frogg... End of the world... You obviously have very little (if any) experience working in the small business environment. Keep overhead low is very, very essential. Don't judge a book by it's cover. My company has 13 people - with maybe 3 - 4 people in the office at a time. We're profitable - our office is very "utility" (ie., not the prettiest to look at, but gets the job done).
If Frogg, one of the biggest non-believers of HCPC ever, says something is true, then it must be false.
I'm sure Wilmington is as nice as you describe it, but I can't help to think about that scene in Wayne's World when the backdrop has a picture of Delaware and Wayne is like, "...Delaware.... hi.... yeah... Del---a---ware." :)
"Here here!" to that...
Unless a company serves their customers in-house on a regular basis, I see no need to spend a lot on office space. That's why retail clothing stores are decorated - because their customers shop in the store.
I'm sure that HCPC has little need to entertain customers in-house at this point in the business's plan.
For a small business - it does not.
Goose,
So long as the place allows people to get their jobs done, then that is what matters. Based on weatherbills report, it sounded like doors separated the three groups.
Two people on computers? Uhh, maybe Bill stopped by during lunch hour? Maybe people are on vacation? Maybe people were at a meeting?
I work in an office of 13 people. Frequently, we only have 3 - 4 people in the office at a time. In my opinion, it would be foolish to judge HCPC's credibility on the quality of the office space and the number of people seen on computers. Who knows what Bill DIDN'T see..
Hi Lenderboy,
I agree. My company's office is very "utility." We have everything necessary to get the job done, low rent (in pricey-Seattle terms), and we get quarterly bonuses. I see nothing wrong with "ghetto" offices so long as they allow people to get the work done that they need to do.
Agreed. I think the discussion that resulted from last week's announcement (ie. of the delay in financials)has worn itself thin. Now people are repeating themselves and grasping for straws. I encourage any new DD, of course, but think discussion will be stagnant until financials are released.
Hi Jason,
I agree with you. Whatever their reason (lost money, being paid to bash, or simply want to be annoying), I think these people will eventually fade away.
I don't mind hearing their opinions and thoughts, but SOME of them are very transparent and are focused simply on bashing. I'd expect more from adults, but whatever... Let's be patient and see what happens after the audited financials are released.
I'm also anxious to hear about weatherbill's visit to HCPC today.
Which is why most of us are waiting patiently for the audited financials (and probable rise in PPS). What's funny to me is that these guys put down HCPC, yet don't get out. Their excuse, "I have lost money and can't afford to sell now." If that is their argument, then they must think that HCPC PPS can rise - otherwise they would get out now, count their losses and invest in something better.
It's no secret to us that these guys are full of BS.
Brent,
You done your due diligence by showing proof of the PR. We're all adults and can take it for what it's worth. If we want to believe the legitimacy of the PR, then we will. If Iron Lotus wants to believe it's a scam, then let that be the case. Try not to let these guys get to you.
I don't mind people who are speculative and weary, but I grow tired of these people who try to get under our skin for the sake of getting under our skin. They'll ALWAYS have a rebuttle - no matter its validity.
Keep up the good work and try to ignore'em!
Sorry - I overlooked the part where you provided the phone number..
Cahalane,
All due respect, but how is your post anymore believable than your comment of:
"Do I believe an impartial employee at Ameritrade or someone posting on the internet?"
Aren't you "someone posting on the Internet"?
Cahalane, my opinion is that a R/S would be pointless right now, because their isn't enough strength in the PPS. Thus, it would fall right back down to the .0001 - .0003 range within a couple of weeks.
With that said, IF they truly want to uplist, they need to instill strength into the PPS. I think audited financials will help to give strength to the PPS and get it to start moving up. Will it get to $0.25 without a R/S? Like you, I am skeptical (though I don't think it's impossible). However, if their audited financials can give strength to the PPS (and maybe even get it up to $0.01, R/S doesn't seem (quite) as bad as it does if there is a R/S when the PPS is .0001. Honestly, a R/S now would do HCPC no good in trying to sustain the $0.25 mark long enough to uplist. They HAVE to build strength in the PPS first. I honestly believe they have a plan of attack. Will it work? That remains to be seen...
I know he knows - it's fun to call people on their BS comments :). I'm sure the best he could do for a response would be to call me names and/or naive for believing that HCPC wants to uplist ;)
Hey Cahalane,
You never answered the question I proposed to you yesterday. If HCPC wants to uplist to OTCQX (which requires a minimum PPS of $0.25), how could they possibly do a R/S at this point in time and hope to hold the $0.25 number long enough to uplist?
I think they need to build strength in the PPS before (if any) R/S takes place. Audited financials seem like good place to instill investor confidence (and strength in the PPS).
Ryan,
I'm with you - just holding and letting my money stay where it is. Once I start my new job next week, I won't have time to post on IHUB. So, I gotta get it in now :).
Sure, and my opinion (take it for what it's worth :) ), is that performing a R/S in order to reach the $0.25 PPS mark to qualify for uplisting would be a bad idea at this point in time. Seems like a R/S (when the PPS is at .0001, .0002, .0003) would have to be 1000/1. If they did that now, I doubt they could hold the $0.25 for very long at all - thus, not being able to qualify for uplisting. It just seems to me that they need a solid foundation (and investor confidence) before they consider a R/S (if it winds up being necessary in the first place).
Elton, their most recent PR that discusses the R/S states something of this sort that a R/S would not be good "at this time." Not trying to say that R/S is inevitable, but I don't think it is off the table in the future. Though, it may not be a huge R/S (if it even takes place).
Hi Cahalane,
But would a R/S, at this time, be able to sustain that .25 mark (to qualify for uplisting)? Seems like the company would want to solidify themselves a bit more before a potential R/S. Who knows, maybe the audited financials (throughout 2008) can get the PPS in the vincinity of .01... then perhaps a small R/S? I'm just throwing the idea out there, but I do think a R/S at this time wouldn't sustain itself long enough for the company to qualify for uplisting.
Bill,
I'm looking forward to hearing about your visit to the company. It'll be interesting to hear how they respond to your concerns/questions.
To me - even if they're red, at least they'll have been audited. Thereby instilling more confidence in myself (and maybe other investors) in the validity of the financials they release.
You know what? If they do release unaudited financials before the audited (and as you say, they don't look any different), wouldn't that instill some confidence in the company's ability to tell the truth?
We just differ in opinion - I don't really think they are being as elusive as you think they are being. I don't think I am going to convince you otherwise, nor are you going to convince me. Thus, maybe it's best if we stop discussing the topic. Thanks for your thoughts..
Hey Stock Packer,
Thanks for the thoughts. You bring up some interesting points, and all I can say in regards to your comments on the company dumping billions of shares in the last 10 months - I believe financing has only begun since the end of February. Thus, I'm not sure if the 6 to 8 months preceding February can be taken at face value. Perhaps HCPC's plan was different leading up to the closure and funding of the first two loans (not knowing if they'd actually be funding ANY loans). Now that they have funded loans, their plans have changed? Just an idea.
As for the 672 million loan. You're right, it could be bogus. However, if they are truly auditing their financials for 2006, 2007 and Q1 2008, perhaps it is in their best interest to wait until their financials are audited before they PR such a huge loan.
Humor me for a moment and think about my question. Would you rather they PR the 672 million loan before or after having their financials audited? If you had to choose one or the other, which would it be? Personally, I have more faith in ANY company who prefers to release audited financials - and given the size of the 672million loan, I think it could very well be in the company's best interest to wait to PR that loan. My thought is, if the loan is truly happening, then audited financials will provide solid basis for investor confidence. With that said, the PPS can go up and hold strong. How far it goes up? I don't know. R/S inevitable at some point? I have no idea, but I admit that it's a possibility down the road. Although, it'd be great if the audited financials and PR of the big loan get the PPS up around .01 - that way any R/S (to get the .25 require for OTCQX) wouldn't be horrible.
Hi Stock Packer,
I wouldn't say that everything on this board is based on hope. For me, nothing you say (without facts) will change my mind about HCPC. Furthermore, if the company turns out to be a flop and I lose my investment - it really doesn't hurt my finances.
That said, why shouldn't I stay invested? I have seen more DD to support growth for HCPC than I have seen for the counter argument.
Yep, everything is speculation to a certain point, but I don't see much of argument (supported by facts) from the naysayers.
Perhaps I am naive in your viewpoint - and that's fine - you're entitled to believe whatever you want to believe. However, for those of us who take a critical approach to their investments, why not provide some facts/premises-to-conclusion for your belief that everyone here is "hope(ful)"?
Don't get me wrong, I believe that you believe everyone is hopeful, but your reasoning is not very convincing (to me, at least). You can resort to name-calling and call me a fool for believing those who counter your viewpoint, but at least they are providing DD that is worth the benefit of the doubt, in my opinion.
Hey Crooner,
I was sort of wondering why your post seemed to be attacking me (not that I expect you and to agree on everything :) ). It's a problem with message boards - it's easy to lose the thread and spiral downward. Sorry for the misunderstanding :).
Firstly - you are correct.. But it wasn't a big one either
Secondly, if YOU had a billion dollars (the key implication in your argument is what YOU would do). You assume that someone with a billion dollars would do just as Frogg does. That is a falacious argument. I understand your point when it comes to large amounts of money, but your premises and conclusion are purely speculative. Maybe an investors (or group of investors) are finished working/retired so have no reason to start a company (like you suggest).
Thirdly, I understand your point, but I am not entirely sure that the investments in preferred shares are limited to one person.
Lastly, do you have proof that they are diluting their stock AS OF TODAY?
For the sake of argument, let's say that the preferred shares that were bought were much less than 1 billion? I ask you, why would anyone spend $1 on preferred shares in the first place? My guess is that they have confidence in what HCPC does.
You are foolish, you forgot to address the point where I said that HCPC will most likely not become as profitable and successful as Microsoft.
My point was that big money had confidence in Microsoft back in the day (ahem - back in the day when Sun Microsystems, NOT Microsoft, had the first GUI interface for an Operating System). At that point in time, who in the world would have thought that MIcrosoft could have outdone Sun (or Apple, who had the other GUI interface). Not sure if you have the technical knowledge to wrap your brain around such concepts, but basically it meant that Microsoft was actually an underdog waay back int he day.
I figured there would be intelligent conversation amongst adults on this board, but I am beginning to find that the adult babies are taking over the board. Oh well...
I think what I am saying is at LEAST as veriafiable as anything you have posted to the contrary. In other words, you're not convincing me and I'm not convincing you - so why argue anymore about it? If you don't like HCPC, get out!! I'm not saying to stop posting on the board, I'm saying to take your money elsewhere.
While I have nothing concrete to counter your post, what you say is PURELY speculative. You are projecting onto others what YOU would do - ignoring the POSSIBILITY that there were investors who spent $1 per preferred share for $1 billion. My guess is - if someone has $1 billion to put into HCPC, they probably have a LOT more where that came from, so why not invest in HCPC? Come'on - no one is dumb enough to invest more money than they can afford, right? ;)
There was a company here in the Seattle area who started off VEEEERY small. Would anyone have thought to invest large amounts of money into a company called Microsoft?? Not saying that HCPC is going to be as successful and profitable as Microsoft, but to say that big money players completely ignore the little guys seems to be not entirely true.
What's funny is that Leopard is, in my opinion, a stellar OS. It was totally worth the wait - not to mention, I got an iPhone while waiting for Leopard in the last few months :).
I've read it many times on this board, but I think the key is patience.. HCPC's plans have changed. Some think it is bad and that the company's IR is horrible. Maybe those people are right, but I think the fact that a pink sheet company is paying for audits says something about it's desire to be credible. We could argue, until the cows come home, as to whether HCPC is being truthful about the audits (i.e. if they are really happening), but frankly, I think the truth will be revealed in late May.
For those who don't think the PPS will move up, just sell your shares, take a loss and move on? Why stick it out? Unless, of course, you think the PPS will rise - which is the only reason I can see why you even bother staying invested.
...And I am not trying to imply that management has no "technical goals," but what I am saying is that I am not surprised by the less-than-stellar web site HCPC has.
Speaking strictly from a technical perspective, I would not judge HCPC's ability to be profitable by the look and feel of their web site, or their poor communication by e-mail. Don't get me wrong, IR should at least have an automated message stating that they received the e-mail to instill a slight bit of confidence in the investors, but it's difficult for managemet (in many businesses) to realize that the Internet is a REAL way that people communicate.
I'm sure when I am in my 50s/60s, some 30 year old IT guy will bash me for not receiving and/or using the current technology as it is intended, so I hope the Boomers on this board don't take my comments personally :). In fact, there were quite a few Boomer end-users at my last place of work who were very good with technology. It just so happened that none of the Boomer managers were among those savvy users :).
Adam,
You bring up a good point regarding the quality of their web site. However, having been in charge of my previous company's IT department, I can tell you that management rarely communicates what they want on a web site (until four months AFTER they thought they'd told you to update something). Granted, my company is not a public company with common shareholders, but I've come to accept that the Baby-Boomers in charge (GENERALLY speaking - hopefully I don't get hit hard by my Boomer friends here :) ) equals very little progress with technology and/or e-commerce.
Hey Fotog,
Granted, I don't read every post on this board, but the word "basher" seems to come up most often in your posts. I know you are not calling yourself a basher, but I am missing where people call you a "basher." I see them disagree with you, but you're entitled to your opinion. Personally, I enjoy hearing your perspective - just not seeing where people are calling you a "basher".
Or they're not allowed to talk about it during the audit - good or bad.
I'm thinking that you weren't explicitly calling me a fool - maybe just sympathizing with the fact that you think that I have been drawn into HCPC's "appeal" in the same fashion you were. You called yourself a fool, so I must be too via guilt-by-association :).
Honestly, I really haven't invested a whole lot of money in HCPC, and have a full-time job to pay my bills, etc. Of the penny stocks I have invested in over the last few months, however, HCPC seems to be most legitimate. Sure, I see the DD on this board and feel that some of it is good and some of it is irrelevant. When I put my critical thinking hat on (and believe me, I can overuse critical thinking), I just feel like the facts outweigh some of the speculative DD.
Tell you what, I'll be the first to admit I was wrong if this stock tanks. In which case, I'd be admitting I am the "fool"
Good luck, Cahalane!
Well, glad you were able to make a few bucks today. I still think the "kool-aid" may be worth drinking, but I have repeatedly admitted my naivity, so take what I say at face value :).
Good luck to you - maybe we'll see you again as the end of May approaches.
Please excuse my ignorance, but would people invested in the other stock call you a "flipper"?
Seriously, I am not trying to accuse you of anything. I'm just trying to figure out where the line is drawn to define a "flipper"
Hey Chief,
I have no basis to know if people have risked more than they can afford to lose. Given some peoples' "dire reactions" to the most recent PR, I just find it odd that they think HCPC is a total loss because we have to wait another 43 days for audited financials. I understand peoples' frustration, but some people are telling us to dump everything now before we lose everything. To me, this was a high risk play. If I lose everything, so be it - but I only risked what I could afford to lose.
Maybe it's just me - maybe those who are panicking haven't risked very much either. Maybe their way of handling the most recent PR is just different from me.
I think penny stocks, in general, are a high risk play. You could triple your investment and then cut it by 1/3 in a matter of hours if you don't play your cards right. The bigger stocks (like Apple) don't seem as risky to me because the change in PPS is much more gradual than a pink stock. Obviously even the big guys flop from time to time, but it doesn't seem like it happens nearly as often as it does with the pinksheets.
Now, I personally think HCPC has something good going, and I do think they are less risky than some other OTC stocks I have invested in. But it's still a pinksheet stock, so it's still high risk in my book.
Yeah, I can see you wanting to at least protect the original investment. Hopefully the PPS will get to a point where you'll at least be able to do that. Given the small amount of money I invested in this (a very little "annual bonus" from my company), I've decided I'll see HCPC through the long haul.
I'm not holding my breath that we'll get PR's before the financials are released, but maybe HCPC will surprise and the PPS will move a little bit (to the green side) sooner than the end of May :/.
No, I don't necessarily agree with everything Fotog says, but I respect his opinion and right to post his thoughts.
I really don't know what I'm doing, so I actually appreciate hearing all sides of the argument of whether HCPC is worth the investment :).