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Hillarious, I was wondering why the SS #'s were gagged on OTC Markets. Then they issue this recent tweet:
"We would file with the OTC markets as we have done in the past if we were going to issue new shares into the market. There currently are NO shares being sold on our behalf."
Yeah NO $### there are currently no shares being sold on your behalf.. Your SS is practically maxed out.. I haven't even bothered to check if there are any remaining convertible nores, if there are they will be forced to raise the authorized or reverse split the stock.
I have to say the odds are in favor of a reverse split here. I'm hoping for one last good PR here before it happens.
Wow & we all thought they were finished diluting.. didn't they issue a tweet stating they weren't issuing out shares?
What a bunch of crooks.
It's mostly related to payroll. No one except the accounting interens and Bernaturd seems to know why that payroll cost seems to just about completely eat up the profit margins.
Must be nice to be a HAON employee / intern. I'm glad that they are being paid lavish salaries while the shareholders who funded this garbage get stuck with a POS investment.
I can't wait for the PR to drop so we can get some liquidity here.
Just how high can that ask at .0002 go? Will it continue to grow to 400 million shares? 500?
Good job Bernaturd.
HAON = POS
I wonder how much dust has collected on the $60k Xerox digital press & ryobi 2-tone press? What a careless way to spend money. It's not like those antiquated machines are that hard to find..
POS
Lol in all seriousness though the possibility of oversight or turning a blind eye to cheap imported ammunition v.s plastic shelving labels for the commissaries is slim but after the imminent uplist PR's & the dilution fest that shortly followed how can one trust the company?
If the DoD failed to properly vet a bunch of 20 yr old rookie arms dealers / "contractors" how can one be so sure that they have properly vetted HOPP?
I wouldn't be so sure..
https://www.rollingstone.com/politics/news/the-stoner-arms-dealers-20110316
Best of luck to you Bucks. You've been invested in HAON longer than I, however who has more skin in the game is up to debate - but that's irrelevant.
I consider myself a bit of a "vulture capitalist", I see distressed companies that show potential and I buy the **** out of them. Becoming a majority shareholder of HAON was once in my vision, but after numerous disappointing quarterly reports - I came to my own personal conclusion that Findley & his crew of interns were more about eating off a silver platter at the early stage in which a business is supposed to make sacrifices in order to grow. To me that is unacceptable, and I cannot have my money be a part of it. Believe me it pains me to want to part with the majority of my shares, but, stagnant money is just as bad as having a loss in the market - and a fool and his money are soon parted. I will not become a fool here.
Looking back in reflection on the imminent uplist PR's, shows me the moral character of the management of this company. How am I supposed to trust my hard earned money with a lying scumbag CEO that is a majority shareholder in a stock with a nearly maxed out O/S and a stock in default with NVSOS? There is more garbage below the surface of the water here if one were to swim deep.
I really wish I could have made millions here, but that's not going to happen with a company that sells items made from presses. Any company in China could do what Halitron is doing for pennies on the dollar and that is fact. The competition is huge while the profit margins are too small for me to be invested in a company with such a large share structure. Besides that, each quarter - the company somehow finds a way to grow those payroll expenses while the revenues stay stagnant. So how am I supposed to believe that Q2 payroll expenses will be any different?
I advise anyone stuck in this, to look up the definition of insanity, as the term fits. Also maybe if one fails to see the reality of the present situation at HAON here, maybe watch the movie groundhog day if there is still any confusion as to what it means to be a HAON investor. I will say no more here, because I am still in the process of liquidating my position here.
Don't invest here unless you like your money to be stuck. If you have money to throw away, then by all means flush a couple hundred bucks down the drain here if you can afford to part with your money but honestly HAON is a POS. Crypto & MJ are far superior sectors to invest in. Already made bank off the interns recommendation - *ggi here
I don't believe that the company is selling shares at .0002. That is the only positive comment I have to say about this company. Will it ever go away? Well, if the company could find a way to stop spending the majority of its revenues on payroll, and land a profitable quarter for once this year - similar to q3 2017, then maybe the stock would appreciate in value as the market would truly know its worth.
I like the optimism on the board here. If the stock is as truly "undervalued" as many here claim, then I expect you all will put your money where your mouths are and buy up these .0002's.
Good point Dave. You know, in a way it's a good thing that Bernard is utilizing cheap young local talent to build this company - but it's almost as if there is no supervision on Bernards end.
If I were Bernard, I'd be watching my employees like a hawk until the right managers are developed that can lead the company the way I'd want it to be led. Who knows, maybe he is doing all of the above and wants a tacky unprofessional looking website, and wants the majority of company revenues to be eaten up by payroll expense.
I have been let down by this company so many times already that I can't even believe that the company will be profitable this quarter when it surpassed q1 2018 revenues in 2 months, and that is really sad to say.
Agreed. I thought it looked very ugly, and outdated. The old website was fine, had it been updated with the new staff and other changes it would have worked.. makes me wonder if one of those interns volunteered to "improve" it in exchange for a lavish consultancy fee.
I'll probably be dumping the rest of my .0002's soon. This is my only stock that hasn't performed for me.
Interesting. I wonder if the operating expenses will continue to grow as well?
Yeah I guess your right. None of those things you mentioned make sense because this company spends just about everything it earns. Thanks for the enlightenment.
It would take nearly 500,000,000-1,000,000,000 shares bought back to even get close to .0004... We all know HAON can't even produce enough profit to buy back that many in an "imminent" timeframe.
It's all making sense now Jim. When shareholders here say they are patiently waiting, it's because they have no other choice as they bought in at a higher pps that probably won't be seen for a very long time..
Sad sad indeed. Just think of the vacations he could have been taking this summer with that money?
I'm not sure I understand your logic here. Do you think the "audit" is the holy grail to the stock running hard? Do you think the market will invest $10.1m into the stock making the pps rise to .0010? Because with a 10.1 billion share o/s, $10.1m is the required market cap to reach that point.
If you truly believe the audit is the key to the stock running then you better start buying the .0002's while you still can, before HAON hires "interns" to help with the audit, and the stock "runs hard" LOL..
.
This is to be expected. From the Pinnacle (* .0009 *) to the pit (* .0001/.0002 *) stuckholders of HAON are exactly that - stuck!
Chasing frivolous lies of vanity & greed in these OTC Pink stocks will only lead to riches->rags stories, that tell tales of foreclosed homes, lost marriages, lost life savings, bankruptcy and more!
Over 300 million shares were on the ask today! Just think what the $60k+ in STUCK money could have purchased! A down payment on a home, purchase of a brand new vehicle, or maybe an exotic vacation with the family?!
What a pity it is to be a HAON shareholder. A CD would offer more ROI than this flim flam piker trash.
Preach it Bucks! HAON is going nowhere!
Hahaha, I attribute their silence due to the lack of shares available to sell, OR their plan to buy as many .0001's / .0002's as possible before they are forced to inform shareholders of their doings and the share price goes up to a point where they are unable to purchase as many shares.
Silence is good - Even if it means we lose many .000 shareholders. The company could easily buyback billions of shares in the .0001-.0003 channel. 95% of these shareholders are traders looking for a quick flip in the .000 channel. I view them as a roadblock to .01. Realistically, if your "cashless buyback theory" did come to fruition, and .01 was achieved in a quick and timely manner, it would not hold for but a minute. There would be a stampede of .000 holders, holding 25-500 million shares looking to cash out on their six-seven figure gains. There is no way the market would buy into all of those sold shares at .01, the business model is not that lucrative. This is not a 100 petahash bitcoin mining farm, or a marijuana superfarm. This is a holding company with a factory that produces things like labels, signs, etc for stores. Things that could be manufactured in a Chinese sweatshop for pennies. Lol. The money is there but it is not there to that degree..
I personally am tired of their lackluster updates and would rather prefer silence as they work to achieve profitability, than informing us of futile things - like the purchase of digital / two color presses in q1 valued at $70k that won't be used until q3 - like wtf? . If I were Bernard I'd have put the IR guy to good use, like building boxes or learning how to run the machines - instead of answering the same redundant shareholder emails, tweets, and or phone calls lol. Or better yet, maybe finishing that "wordpress" company website...
We've purchased out the EROP settlement. There is no need to provide the biweekly / monthly PR's anymore. Wake us up when there is something interesting to report - like money in the bank that can be used to buy treasury shares that could be flipped at a higher pps to pay for these lucrative acquisitions. The debt has been paid, and now shareholders will be put to the ultimate test - having their money stuck in a very questionable stock for a period of uncertainty to either gain significant ROI or to face a reverse split and dilution of their investment.
Gltu, maybe you can buy out the entire O/S here with the gains from your other plays. lmao.
So many people want .0001's here but few are getting them.
Bucks I agree 110%. The sole purpose of being a publicly traded company is not to only provide the employees and its management with comfortable & lucrative salaries. It's to help the company grow and become something greater than it could going private.
I really hope management hasn't lost track of the ultimate goal here, and is just doing the bare minimum to keep shares sold & pockets stuffed. Without a doubt, they are in a tough place right now.
I have noticed lately that the company has quieted down a lot, including our new IR "Intern2Employee". Is it because they have finally realized their attempts to try and raise the PPS are futile - or is it because they currently do not have any shares to sell to the public?
And soon begins another "groundhog day", a day of stagnant trade volume and repeated cheerleading / bashing posts. When the day of turn around / "breakout" comes, will it be euphoric? Will it be worth the wait? Or will it be another +.0001 day that will shortly return right back to .0002?
I'm glad that were on the same page / wavelength here. Let's see if our theory comes to fruition. I will bookmark these posts today and keep tabs on both companies.
Though I wouldn't dig too deep here. It's easy to spend hours / days of DD on a theory only to find that you've gone off tangent.
Friendship in business can go a long ways, and I'm sure that there is a lot of information & deals that goes on behind closed doors that we do not know about.
You may very well possibly be on to something. It would be interesting if down the road LTCP sold angry8 or the costa rican water company to HAON.
As of last year HAON hired multiple consultants to expand its business strategy, most if not all of which are not with the company anymore. Nevertheless, some of these consultants specialized in drink manufacturing. I find it interesting that LTCP is going the route that HAON didn't. Is it because of capital restraints (* trashed SS / share structure *)?
Another interesting tidbit from the LTCP fins:
The money flow volume on 4/12 was directly associated with the alpine securities termination by the SEC. BMIC dumped over 1 billion shares that day.
Unless findley pays the fees on the NVSOS & renews the business license, he can't raise the authorized shares that would provide the company with more room in the O/S to "raise funds" or dilute. It really is up to the company at this point to do what they said they were going to do - buy back shares.
If they can't seem to run a profitable business w/o relying on the outstanding shares to finance operations, then they will have no other choice than to reverse split the stock.
No clue, again not dilution and I'm sure our retail whale is happy to get his order filled.. Someone needed the $2,200 pretty badly though lol.
no problem, that's what the purpose of this board is for - to provide both insight & entertainment. lol.
in all regards to a breakout, i think we are a long way from it. However previous haon pr's illustrate an image that the company, having successfully terminated its lease in LI & establishing a new retail account - is on track for significant profitability in q2.
If HAON mgmt released a PR stating that they have purchased back 100-250 million shares at .0001 / .0002 & are on track significant profitability in q2 - this will begin to move again. Investor confidence would be restored, and we would all have something interesting to discuss here again.
Until that pr comes out, this 10.1 billion share bloated flim flam piker trash is staying right where it belongs - .0001 / .0002.
Yup, that was one of the terms for issuing out the note. I like to think of the note as a business dealing between friends. The company doesn't get hounded with incessant questions from shareholders as to when it will liquidate its common & preferred stock to fund the buyback, LTCP is able to utilize its share structure to raise better financing for acquisitions, and
lastly the cpn gives HAON the opportunity to appreciate its sale / earn interest off the note. It's a win/win for all.
Agreed, the volume is too small to be dilutive. My best guess is that this is a small retail holder cashing out their shares for a loss. As far as HAON bid sitting at .0001, i'd have to disagree with you on this one. That bid has been there since Nov / Dec of 2017, and has had shares sold into it. The .0001 purchase price would have been listed on the financials if it were HAON. One can continue to hope and dream though right?
Regarding the $3 million cpn note w/ ltcp..
These types of questions cannot be answered here, forward this question to info@halitroninc.com
DerekD, your post was deleted before I had an opportunity to read it all the way through. Please repost it while maintaining ToS guidelines.
"The best ones are the businesses where the fundamentals force you to constantly average up"
The best ones are the businesses where the fundamentals force you to constantly average up
— Ian Cassel (@iancassel) May 29, 2018
Confirmed there will be no reverse split, and it is not on our agenda. We are looking for more organic growth and self funding for now.
— Halitron Inc. (@HAON_official) May 17, 2018
It's always a possibility that retail could pull their bid off the .0001's.
Mass panic selling would probably ensue. It would probably take shareholder morale to new depths.
No bid "imminent". Lol
Boring is the new norm here for HAON stock.
Well, when a company leads investors on with an "imminent" uplist PR, the share price tends to increase. There are / were many stuckholders who bought into this stock above .0003 on that PR, who were thinking their investments were going to appreciate in an imminent timeframe. While the stock did go to .0009 it quickly tanked back to .0001 / .0002.
While many shareholders should have taken profit on the rise to .0009, many were holding for .01 not .0009. As .01 is the minimum bid test requirement for OTC QB.
So as you can see, people like Jim Ross are disgruntled & for good reason. Be glad that you only bought the stock at .0002 & with only a $100 or < in shares, and not at a higher price with $2,500-100k plus in shares like some surely have here.
HAON is acting no different than all the other flim flam OTC scams that mislead investors with claims of lucrative ROI, only to dump a ton of dilution onto the shareholders and not produce meaningful results.
Here is a fact, in q4 2017 Halitron billed a +$200k expense for payroll (*most likely going into Bernards pocket*) on top of the already astronomical payroll expenses for HOPP which is barely scraping by on their profit margins. To put the icing on the cake, the CEO's stock ownership position in HAON has significantly decreased over a year. It really makes you think if MGMT is milking this stock for all it's worth leaving shareholders with nothing left.