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What you missed out of this mornings press release was the true O/S as of close of business yesterday. 5,000,000 shares today equals 10,000,000,000 shares yesterday. They did manage to max out the O/S prior to the reverse split.
Here is something else I am sure nobody really sat down and figured out. Starting at the opening bell HPNN has to go up .20 to get the same gain we saw off and on today. HPON is not the kind of company to go up .20 in a year much less a day or a quarter.
To break it down for the math impared. 1,000,000 shares today have a value of $100.00 at .0001. The value jumped today to .0002 giving you a value of $200.00 for your 1,000,000 shares. In the morning you will have 500 shares worth $100.00 and HPNN has to reach a PPS of .40 to see the same $200.00 value you saw today. That aint going to happen with HPON.
And as the current PPS and 5/18/05 massive R/S shows HPON is just making a killing in said market.
The price difference between a named brand phone and a HPON phone is not that great. There is a hugh difference between buying a towel or washcloth and saving $.50 over the cost of the same or like item at Wal-Mart and buying a Cell Phone, which people are very very "Clicky" about, and saving $25.00 to $50.00. That is like saying I could have bought a fully loaded Chevy Tahoe for $32,000.00 but I decided to go with a fully loaded KIA Sportage for $26,000.00. Trust me. 99.9% of people would pay the extra $6,000.00 and get the Tahoe. On the same note, people will pay the extra $25.00 to $50.00 and get the fully loaded MOT, LG, etc. phone over a HPON.
Something I have noticed about poor people. It is one thing to be poor. It is another thing all together to act like it. I have people working for me who make Minumum wage that drive nice cars. Not the heavly discounted imports (i.e. KIA). They also have the top of the line cell phones. As a matter of fact 4 of the people who work for me just traded up and had to pay full price because they were still under contract for the new Nokia phone with the speaker phone addition. These people, although not wealty, would not be caught dead with a discounted phone like HPON.
So much for WIRX and HPON having a exclusive agreement. Now HPON really is dead in the water. Who is going to pick a no name no credability, fixing to do a 2000 to 1 R/S, endless track record of failed scams company over LG, MOT, etc, etc, etc. Even if it was 20 to 50 dollars less I would go with a known company.
Here is a more logical SPIN to your idea. What if the NASD refuses to issue them a new Symbol and does not allow them to trade any longer because of managements track record and endless string of scams.
Word to the wise. If you sell on your own accord prior to the R/S. You can not be in on any Class Action Lawsuits brought against the company for the damage they have done to investors.
Billy. If this company was not a total Pump and Dump Scam from day one the company could just do at 2 to 1 R/S to redo the certificates and stop the so called Short Selling. The fact that the company is doing a 2000 to 1 R/S proves what I have been saying all along.
This company has been and will always be a total SCAM and I hope that everyone reports this to not only the SEC but also to the ATTY who is trying Peter now. I think the court should know prior to sentencing what this man really is so that he will get no breaks on judgement day.
Just something to think about during your free time.
The purpose of shorting a stock is to sell shares today based on the assumption that the stock will drop in price and you can cover the sale by buying the shares cheaper to cover the initial sale while still holding your orginal shares. This practice is legal by the way.
The purpose of a "Naked Short Sell" is to sell shares today that you do not own based on the assumption that the share price will drop and you can cover the sale by buying cheaper shares later to cover the sale of the stocks you never had. This practice is not legal.
HPON stock does not meet the critia of either augument. HPON is sitting at .0001 95% of the time and .0002 5% of the time. What person in their right mind would sale a stock at .0001 hoping to buy the stock later at a lower price to cover the sale. IT JUST DOES NOT ADD UP.
The reason HPON is trading so high with no upward movement of the PPS is DILUTION by HPON pure and simple. It would be a comforting thought by some that the stock was being shorted rather then the fact that the company is stealing them blind and screwing them at the sametime but the fact is HPON is diluting the stock.
I had the chance to read it prior to the deletion. It is kind of sad when the longs, regardless of positive or negitive, turn on each other rather then the company.
I have contacted Hop-On in regards to the pre-paid cell deal. Considering our clients in the grocery store chain it would be a good fit. It reall boils down to how much the phones are going to cost and if they will allow people who already have GSM phones that are none Hop-On phones to get in on the plan before the company signs up. I will keep you posted one way or the other.
LOL...Counterfeit Shares. Oh man that is just to rich. What next the UFO Space Alains have taken over the Market and are after HPON.
Here is an interesting little note. The Pre-Paid information was found and available as a sub-link yesterday. Did not show up though any search engine etc. Kind of interesting that a pumper on RB had this information prior to it being available on the web-site or through a PR by the company. Kind of just screams Pump and Dump Scam.
It is not a Delorean. He bought one of those new and he has had it for many many years. That car has less then 100 miles on it. This new thing he bought is a McLaren or something like that. It is a Mac something. He claims to have paid $280,000.00 for it, knowing him he probably did.
As for the "goodwill" factor for HOP-ON. There is no "Goodwill" to factor in. The company has played dirty every step of the way. Has lied time and time again. Has diluted this company into vertual non-existance. And has yet to make a delivery deadline. This companies tract record speaks for itself and it is by no means a good one.
I agree it has stabilzed and will stay stable for quite sometime. The down side to that is it has stabilzed at .0001 which is as low as it can go and an MM still keep it on the books. As soon as the MMs no long have fun bleeding investors that are trying to average down in hopes of recooping some of their investment this stock will no longer trade at all.
Here is a point you should keep in mind. According to www.pinksheets.com the total worth of this company is now at $250,000.00. I can trade in one of my one to two year old tractors and own this company with money left over. Averaging down at this point is like trying to buy up as much of the last buggy whip company stock after the car was introduced. It might struggle for a while but the writing is on the wall. Heck, I have a friend who just bought a car (a MacLauran I think he said it was) that is worth more then this entire company.
I still check this board from time to time. Or at least when I am not over my head with farm operations. I see the stock is doing the same as it has for a week or so now. The only good thing is it can not go any lower without a reverse split. Expecting the news on that anytime now.
PUMP and DUMP SCAM?
"probably because they own shares that are worthless, which, if anything, their negativity helped them into that position."
What a total pile of steaming dog doo. Louinjaxx when are you ever going to wake up and see the light. People posting negative things about this company on Stock Boards has nothing in the world to do with the current PPS. Nor does "Naked Short Selling". The sole reason this stock is trading at .0001 is because of relentless dilution that the company did not have the sales/income, business plan, or compatance to support a dilution of that magnatude without it killing the company. The dilution and subsquant killing of the company was a deliberate act by HPON as evident by its vauge PRs, selling into every PR, and complete breakdown of shareholder trust by an endless string of lies by the company. Even if people were "Naked Short Selling" this POS/SCAM HPON provided them ample, and I mean ample, opportunity to cover any and all short positions on any given day because every day the company was diluting the fire out of the stock and thus lowing the PPS on a daily basis (please see any HPON chart if you wish to confirm that). If you want to blame someone for your own bad investment choice blame the people who have earned it. HPON.
Not really. The only value the "Company" had was its "Stock". Since the "stock" is now worthless, so is the "Company".
It is to late for a stock split. Now forward momutem for a R/S to be effective. And the company is dumping shares like it nobodies business. O/S now around 6 Billion.
This stock is dead now. HPON has killed it with its own dilution. No hope of this company ever going anywhere now.
No TRK. What I am saying is that distribution deals are tight contracts. Minimum orders, net worth requrements, etc. HPON might have been the only distributor that was a fit for Wintec and their requirments/outlay primators. Sometimes in business you have to make a deal with the devil to get to where you want to be and hope for the best. WINTEC went from Memory Chips and PC equipment into the Mobile Phone areana as an after thought. I am sure they did not want to sign a deal with a major player that would have tied up $20,000.00 to $40,000.00 in guarenteed purchases each month if the after thought turned out to be a bad one.
Go back over their past PRs. 1,000,000 units sold to India. Signed a deal with this and that company. Going to get an Line of Credit against this and that Purchase Order and nothing going to stop us now. etc, etc, etc, etc. Guess what. Time has proven it to be one lie after another and nothing more then a Scam PR compaign to sale shares.
No disrespect intended here trk. What did you really expect them to put out in a PR. "We got into bed with this company before we saw just how bad off they really are and that 99.9% of their entire product line were only Concept Phones orginaly manufactured by TCL out of China. Now that we have given them enough money to actually manufacture a phone for us to sell we will be pumping the fire out of these things in order to get our money back."
LOL...I am sure the HOP-ON sales PR played into that ralley. Oh man that is just to funny. They had good financials, HPON has none, that is why the stock price went up.
Not saying it could not happen but the odds are ranked up there with the POPE getting laid by the Dallas Cowboy Chearleaders while wearing a condom.
If that is the case Louinjaxxx then that is called insider trading to the people he does tell. Why not use your brain every now and then when posting your BS. It makes the company look like a bigger SCAM then it already is when you put you lieing pumper spin on crap.
"Maybe he is not telling certain people or just the friends of certain people" IT IS ILLEGAL TO THAT. THINK EVERY NOW AND THEN>>>>>>>>THINK.
Dixie. I have a HPON phone. The thing is way to small for me but my daughter loves the thing. I could not even dial a number because the numbers were so small.
No lou not wrong. Look at the chart. The stock was trading at .40 when they announced the stock split. Went from .40 to .01 or so before the split. Then after a 50 to 1 reverse split they are trading at the .45 to .50 range. If that is your idea of an improvement you need some real help.
I wish that were the case but, with HPONs current PPS it has way to many resistance points to reach that.
I agree with your ideas there. The only problem is everyone would just be happy if they would really start to sell something besides their own stock at a discount.
Oh man you had to go and mess up a really good pumper run with reality. That type of thing is not accepted well around here. You are correct however, T-Mobile is not endorsing the deal nor is there any mention of HPON on the T-Mobile sight. This is just a Wintec thing.
The pumpers are out in full force on the RB Board. Hints that they were told Financials were going to be out this week. Time to buy post. All the normal BS. I wonder what Fluff PR HPON is going to dump on us to cover this little pump fest.
Dixiecat: Point of order here. He raised the A/S from 1 Billion to 10 Billion without telling a soul the first time. Even if the A/S count was reduced in proportion to the R/S he could raise the A/S the next day again without warning a soul the second time either.
The SEC just suspended a pink sheet stock for not putting out 12 Million shares like they were supposed to. Why have they not tagged HPON yet. Lord this company is dumping more then 100 Million per week on average and the SEC is going after a company that dumped 12 million. Something about that is not right.
Those are correction bids. A data clerk will accidently put in the order for for .004 (any veriation there of) and then put in a correction for the same amount of shares to fix the first typo.
Has anyone checked out the HPON IR page today. They revamped it so only the most recent PRs are listed. It is alot harder to track their lies if cover their tracts like that.
Deal you are right. This scam is so exposed and this stock so run into the dirt that there is nowhere for it to swing. They would have to center it over the deepest part of the sea for it to go any lower. Oh great. Now I have give HPON an idea on how to drive the PPS even lower then they already have. This company is just SCAMTASTIC.
DVD PLAYERS!!!!!!!!!!!! Oh great something else they are going to sell none of. Hey lou by your definition of a Start-up company this puts them back into the just born company catagory since they are now branching off into a new and completely unrelated product line. While they are at it why not bring the UFOs back. Didnt they sell one or two of those?
HPON is not going to go out of business. They will just wrap everything into their new shell, please refer to www.wifi-cell.com, and start all over again with a new P & D.
WHAT SHORTS. PROVE A SINGLE SHORT. I CAN PROVE THE DILUTION AND THE LINK TO THE DEAD PPS. PROVE THE NAKED SHORT SELLING. COME ON PROVE YOURSELF.
Lou you are so full of it your eyes are brown and your breath stinks. Several atty many of which are working on filing charges against people saying this POS is a POS. Oh get over it man. This company is a P & D. Look at the current o/s and the current PPS for confirmation on that one. They are dumping 100 Million shares a week on average to keep the lights on and you are hinting they are paying Attys to chase down people who see through it all. Man that is just to rich.
This coming from a guy you post rather HPON still has a distribution deal with inteldigital. They have never had a distribution deal with anyone ever. You never do DD. You just make crap up that makes HPON looks good and labels everyone as a lier and a basher that does not post positives about the company. There are no positives about this company and the biggest group of liers here are the pumpers.
Then I will say this even slower for you:
PUT
THEM
ON
IGNORE
Your constant compaining about what others post is taking up more post then the posting of the orginal information.