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Looks like this thing is starting to move. Is there news expected shortly? GLTA
Some good points Reality. The shorting excuse for the lousy PPS is really old and wearing thin. Let's see what happens with the Microfill, if there really is one. Have a nice holiday. GLTA
Where is Black? He doesn't want to talk to shareholders while the PPS tanks. What is the plan to provide shareholder value? What's going on with Microfill? Patents? HNS Fund? Plan to combat shorts if that is indeed an issue? etc. etc. GLTA
Yep. The printing presses are going full bore again today. A new 52 week low at $.0002 and Black has nothing to say to shareholders. What a joke. GLTA
Looking forward to it King. What specifically did you ask Black in the e:mail? Thanks.
Looks like the dumping is continuing today. But the Microfill launch is just around the corner! Go HNSS!!!!
"you only want to raise questions/doubt"
I don't have to do that. Black is doing a great job of it all by himself. GLTA
Actually I been here a lot longer than overnight and the PPS is at a 52 week low. We don't know much about the company because Black doesn't tell us much. For some reason he has been in hiding lately. What's up with that? No updates on patents pending or the microfill launch that was delayed until the 1st quarter of 2012? Nothing to report on the HNS fund? Does anybody even know where he is? GLTA
That's really strange. I haven't either. Called and e:mailed numerous times with no response. I think we are the only ones that he never responds to. What's up with that? You seem like a really nice guy and easy to talk to. GLTA
Why don't you contact Black and ask him what his thoughts are on why you can't buy his company's stock through TDA? I would think he would be very concerned about this obstruction and would want as much access to his stock for investors as possible. Maybe he can shed some light on it. GLTA
What do you hope the PPS goes to? Do you have a target price in mind? Thanks.
What is the AS vs the OS? Have they issued all the shares that have been authorized? No. They have plenty of room to dilute. GLTA
Let's see what the share count is in the next set of Black's unaudited financials as that's all we have to go on since he doesn't want to provide us with audited fins. GLTA
We don't know what the outstanding share count is but it sure looks like dilution. Now if Black would provide some transparency then it wouldn't be a guessing game. But for some strange reason he doesn't want to shareholders to know what is really going on. GLTA
Good ?. It looks like the printing presses are running. GLTA
Actually that's not me sitting on the bid. Jury is still out on whether Bonar can deliver profits on a continuing basis here so I wouldn't buy any more until he shows that's the case. GLTA
Well we finished with 24 million shares traded and a lower PPS. Looks like Black has those printing presses running full speed now. Doesn't make sense with those financials he posted showing profits and the HNS fund kicking butt. Not sure why he would need cash since the PR's say the businesses are generating positive cash flow. Hard to comprehend but I guess a lot of things are with this company. GLTA
Almost 18 million shares sold today and a declining PPS. Sure looks like dilution. I wonder what the OS is now? GLTA
Must have caught me during a weak moment. GLTA
HNSS has nothing that has been independently verified, financials or otherwise. GLTA
At a PPS in the trips, the market is indeed saying that. If the market believed the financials and other PR's Black put out the PPS would be much higher. HNSS is reporting profits but the market doesn't believe them. If Black had the fins audited the PPS would spike up significantly. But for some reason he doesn't want to do that or give us the full disclosure that was promised. Why would that be? GLTA
The fins aren't audited. GLTA
Zero transparency from Black and no audited financials. Jury is out on whether this is a scam or not. The market is saying it is based upon the current PPS. GLTA
It is frustrating King, sitting here languishing in the trips with no news from Black and nothing verifiable. Why don't you see if you can contact him and find out when we can expect some kind of an update on operations since we haven't gotten one in quite some time? That's the only thing that is going to jump start the PPS. Good luck.
Looks like this thing is tanking again. Where is the bottom? GLTA
How could anybody ever think this is a scam? I have complete confidence in Black that he will deliver the goods on Microfill. After all, he hasn't let us down yet on other things he's PR'd. Go HNSS!!!!
Should start to see increased buying any day now ahead of the much anticipated Microfill launch. If we get patent news ahead of that then watch out! This thing could skyrocket!! To da moon! Go HNSS!!!!
So is that the only thing they have to tell us? What about the HNS fund and all the other PR's that have never been followed up on? Nothing to tell us on those? Now you see why many think this is a scam. GLTA
"It’s in their self-interest to inject concrete progress on the business side."
You're assuming that they have some good news to tell us. If so, what's the rationale for them withholding it from investors for so long? If they are shareholders as well it would behove them to PR it ASAP to bring in new investors and drive up the PPS. I can't see any good reason to withhold good news from the investment community. GLTA
"I think everyone would agree we have found the bottom"
If that was the case people would be loading the boat down here and the PPS would start heading up. Hasn't happened yet. We may or may not be at the bottom. Time will tell. GLTA
Come through with what? They have announced great earnings and the PPS keeps going lower. Lately they won't even talk to us. So what specifically, in your mind, do they need to do to defeat the shorts and evil manipulators and create some value for shareholders? Black said it would be to either buy back the float or sell the company. He isn't buying back shares and he recommended shareholders turn down a buyout offer at a much higher price. GLTA
"I realise some of you here sold your shares at a loss and I also know it isa double whammy when those shares you sold suddenly increase in value AFTER you got out."
Actually I am glad I got out at a much higher PPS than this. Saved me losing some more money on it. It's at a 52 week low now in case you didn't know so longs have lost their shorts on it. GLTA
Your usual response. If that's true then it's been that way for 2 years now. What is going to change it and how are longs ever going to make any money invested in this? I don't believe it but if you do then how to you propose that anything is going to change? GLTA
If they can make money then yes but the jury is still out. That's why the PPS is $.02. Read the 10-Q. Particularly the parts about the lack of cash flow, ongoing workers compensation costs due to the nature of the business they are in, and the going concern language. GLTA
"All is well when you have a CEO that is concerned for the share holders value which is what you have here."
You must be talking about a different company. Did you read the last 10-Q? Expenses went through the roof and the company lost money in spite of higher sales. And they "forgot" to pay a $6.6 tax bill. And we got no pre-notification from Bonar that the bombshell was coming. Everyone expected higher sales and profits versus the last quarter and it was a disaster. GLTA
It's currently at no change for the day and there is no news out. Am I missing something? GLTA
They made almost $600K in profits the last 2 quarters:
Healthnostics Revenues and Profits Jump
Press Release: Healthnostics, Inc. – Fri, Sep 30, 2011 9:30 AM EDT
......NEW YORK, NY--(Marketwire -09/30/11)- Healthnostics, Inc. (Pinksheets: HNSS.PK - News) announced results for the 2nd Quarter ending June 30, 2011 of $298,518 in earnings on revenue of $403,220 as compared to the same period in 2010 of a $23,772 loss on revenue of $207,942. The 2nd Quarter results also surpassed 1st Quarter earnings of $278,626 on revenue of $358,220.
The Company attributes these results in large part to its Accretive Synergy Program that invests in partnerships and takes stakes in other companies, some of which may be acquisition candidates. Each of the three levels of accretive investment -- passive, active, and acquisition -- provide independent revenue streams, creating a highly flexible system that brings entrepreneurial and inventive input without the accompanying costs.
And the HNS fund made $1 million alone:
But why would they have to dilute? The last set of financials they put out said that the HNS fund was generating profit hand over fist. Doesn't make any sense. GLTA
This looks like dead money here at least until the next 10-Q comes out. The jury is out on Bonar after that last disastrous set of financials we got. GLTA
Some good questions Moras. The biggest question that Bonar still hasn't answered is where he is going to get the cash to pay for the $6.6 million in delinquent taxes, $2 million working capital deficit, and the additional workers compensation claims that are coming with the consolidation of Solvis into STTN. The current business showed a loss last quarter and a significant reduction in cash flow. The only other way I know of that Bonar can keep paying the bills is by diluting and the 10-Q referenced that as a possibility. Good luck!