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Authorized preferreds, right? And they decreased from 50M to 40M? In the last report, Lazar was the only one who had preferred shares, 4.5 million of them. They could be control shares, no? That Shah guy owns 83 million commons. If Lazar’s prfeferreds are convertible into 90 million commons, it keeps him, and not Shah, in control of the company.
Have fun!
Good luck!
Nice! I’ll be relaxing with my free shares while you get busy.
You’re not in yet? Gosh, I’m already riding free.
Looks that way to me too.
Mr. Peng received those shares May 24, and not a single share converted as of 8/7:
https://www.otcmarkets.com/stock/HDII/security
Must be working. Price is double what it was last Monday. lol
It's an investor's responsibility to understand what control shares are. An 8-K is for the purpose of disclosure, not for educating on investing terminology.
They are control shares. They can convert at 1000:1 but it doesn't mean they will. The conversion feature protects the company from any future attempts at a hostile takeover. For example, if someone were to buy 51% of the outstanding shares, Mr. Peng could convert some of his preferred to shares to increase the o/s so no one could ever become the majority shareholder of the company.
One week ago, the stock was trading .02s.
Mighty thin on the way up.
Huh? The 8-K was about control shares for the CEO, you know, so that the company with a tiny float cannot ever become a victim of a hostile takeover. Sheesh.
Bid support starting to shape up.
We traded close to half the float this week.
Looking very strong. People better not wait too long to get in. The tiny 122M float is shrinking by the minute.
An EOD push on a Friday would set us up beautifully for next week.
Seems a lot of people disagree with you. Millions in bids now.
Lots of bid support now.
Nice bids showing up.
That's true. Very good point.
Enough... especially since I'm already sitting on a nice stash. I was waiting for a reversal to top off my position.
I slapped this morning.
Me too. I've got my bids in just in case any Friday beer money sellers want out.
This one also has a much better share structure.
Ya think? Spread is >100%. lol
Bye bye .02s!
If filings hit, more like .2 with what's left of the float.
And heavy on the bid.
Sure got thin on the ask.
What are you talking about? The cup formation was over the course of several weeks. The right side of the cup occurred over a few days, but so what? There is no rule stating that the timeframe invalidates the formation. Also, there was no initial “pump”, just news from the the CEO regarding an interest by a very large company to merge into HDII. If the cup forms a handle, that’s also extremely bullish. I find it funny that you think pulling dates out of thin air has more validity than the chart or the news put out by the CEO. LOL
If APL can have patience while filings get done, then so can I.
That's true. ZMRK had another 52 week high close today.
Yep, churning is alway healthy on an uptrend.
Well, yes, you can certainly find bargains in August. That is true.
Nice grab. If tomorrow confirms a reversal, we should start seeing more volume trickle in. Thank God August is behind us.
I would not want to be chasing when news drops. The smart ones are starting to load now.