Shouldn't the psychic friends be the ones to call you?
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As well as
Significant Failures to Deliver No
oil,
Penny stock CEO's like Peter don't give details. They can't because there is no deal.
Just because it's in a PR doesn't make it real. There needs to be filings showing the LOI or any contract between parties.
This is a publicly traded company, so those details must be filed for everyone to see yet Peter never has, over the past 20 years of running this "company", filed anything regarding all his "deals"
Sort of like his Michigan stores carrying the E-Cigs. Which stores? Never was disclosed due to their being no stores.
He tried to sell someone 20K worth of E-Cigs, got paid 10K upfront and ended up having his bank account frozen for HPNN because of it.
He's a talker and has a way with making you believe he's going to make everyone rich.
CEO's shouldn't ever tell a shareholder or investor in any way they are going to be rich because of him. It only raises red flags.
Billy,
Actually that's the share structure...not the financial structure which is reported in the thousands in the filings.
the OTC listing(wrong as it is) is what Peter sent them and doesn't go by the thousands as you stated.
Of course if people looked at the recent filing Peter self audited, the share structure is in the billions.
Remember that the OTC doesn't verify anything that any company files. They just trust you are giving them accurate information.
Again, if the share structure was that "low", the PPS would have shot through the roof. Judging by the fact that it remains stagnant in this area, no shares were "returned"
How shocking
Yet the PPS remains the same.....if there was truly 1B shares returned, you would have seen that reflected in the price of the stock.
Actually, the SEC deemed it okay to do so...crazy, I know
Paper,
Seriously? Consider the past and what has never happened here on this stock....
The same thing, PPS goes up and then comes back down with no products ever available.
Fool me once.....
So, it's okay to ignore the fact that there seems to millions of dollars that disappeared into thin air from this company?
Believe me, the SEC knows about this company.
The DTCC is very serious about what they do and if they find anything that seems out of the ordinary, they will cease certain clearing actions against securities.
It has nothing to do with brokers and their "agendas". Brokerages don't care about penny stocks like they do with blue chips or stocks on an actual exchange. They make money off of the commissions from the trades. they don't trade or short these stocks like so many claim. It's such a ridiculous theory it's not even funny. It's almost sad.
HPNN caused some concerns and rightly so. There's too many questions about the financial status of this company to not be concerned that the SEC could and will suspend this at some point.
There is a chill on this stock. The "chill" is that the security has been removed the NSCC system.
What that means is that all shares need to be cleared before being able to be traded again.
That is usually why there is a lull period between high volume days here.
I posted the link to the chill a while back if you want to look into it.
Some brokerages aren't affected by it like E-Trade and others that use their own clearing system. TDA and Scottrade are very picky about what they allow their customers to trade. Simple as that.
no major brokerage that trades penny stocks will allow you to short a penny stock. I have asked all of them and none of them allow it.
I'm sure you can put the order in but it will most likely be rejected.
The basic premise behind the short percentage is very simple...
Say I sell some shares here and you buy them from me. My sale of those shares have not yet cleared but they have traded hands.
Due to this your shares are "short" until they are cleared. The "short" sales that you received are noted on the daily report but the trades are always settled at the end of the day.
Even though they cleared, the short percentage report stays the same since the trade can not be reported twice.
That's why when the Bi-Monthly short report comes out, there's barely any short interest.
Now understand that shares that DO show up on the Bi-Monthly report are usually due to restricted shares being traded, shares that never cleared or actual shorted shares.
Since it's the penny stocks, it's most likely everything but shorted shares.
Contrary to popular belief MM's don't "trade" stocks. They simply execute trades based on order routes. Plain and simple.
....and you believed them?
LOL..are there any positive PACER filings for this scam? :-P
Fluff PR's that make me laugh pretty hard.
Anyone who truly believes those PR's really needs to learn how these Pink Sheet companies operate. PR's are only a means to lure people in to buy the stock. They are stories that never come true.
The sooner people realize this, they will be better educated and will stop losing money on these scams.
Exactly what Pete is doing.
The SEC should be stepping in and stopping this at this point.
I urge everyone to fill out a complaint via the SEC portal. The more complaints the more they will see that this needs to be stopped.
In fact, the longs should do this as well since they are losing money day after day on this bloated pig.
Correct:
Case RIC1217464 - Actions/Minutes
04/22/2014 8:30 AM DEPT. 01 TRIAL SETTING CONFERENCE
Oh boy....revocation around the corner....
Also, since the terms are deemed "confidential"...we don't know what the deal really is...all we know is Pete is trying to pass it off as the biggest thing since sliced bread when it's probably only three week old stale bread...lol
nobody can really "trade" it. That Global Lock is no laughing matter to the DTCC.
Don't see them budging on that one.....
Funny...I thought all debt was already retired? So, still trying to "retire" it? LOLOL
What up all...thought I'd bring you some humor!
LMFAO!
That is the news he puts out? That isn't going to move anything as he will need to have every years financial statements redone in order for a proper "current" audited statement to be put out.
Talk about a string along to keep people from selling! Ha!
Pete man, give up while your ahead.
Yet you will never see one in a store nor will you ever get a store name with the products in them as well....
Looks good on paper but unfortunately that's all it will ever be...an idea
You honestly believe Pete had a hand in the Pechanga Casino?
You do know Pete was found guilty of money fraud from a casino ring he tried to run, right?
HPNN isn't international in any way. They "operate" out of USA out of a PO Box and "claim" they have offices in other countries.
HPNN is an international company....now, that is very funny
I've been amazed by that as well. From what I can tell it's shares from the insiders that are being passed around most likely and those self clearing brokerages are using them to place trades.
It's VERY risky playing this IMO. The fact that the ticker was mentioned in a few SEC complaints against toxic lenders and then soon after that EVERYONE in this company disappeared, doesn't leave a good impression.
Even if they get "acquired", what the heck are they going to be able to do with a global lock on them?
The DTCC won't release it for a reorganization. Look at BCIT. They have proved to the DTCC that the shares were legit but still no lift on the lock. That's been close to 20 years now I want to say...
Those SEC complaint mentions are what is going to stop anyone from ever having this security trade on the OTC properly again. I just don't see that being cleared up in any way.
Cheers
It was one heck of a scam...that's for sure!
Every CEO says they are going to "crush the shorts" in the stinky pinky land. Notice how none of them ever accomplished that?
Pete has been saying that for years, and nothing will ever happen other than the stock price plummeting from dilution.
You are referring to to high frequency trading system and that only applies to securities that live on an exchange.
HPNN is on the OTC "quoted system" which is not an exchange and those types of trades don't occur here.
Just an FYI
Nothing has changed has it? Seems like HPNN promises to burn the shorties and lift the chill every year or so....
4 years of trying to get the chill lifted.....
Has nothing to do with certs! The DTCC action comes in place due to the SEC complaints that had HFBG mentioned in them.
Again...the SEC complaints were based off of the years that Brad wasn't involved.
How was it that Brad was involved when he wasn't even a shareholder during those toxic lender days?
It does NOT matter who did what in the company $SUPERMAN....the action was taking against the company due to the fact that HFBG was mentioned in a few SEC complaints against toxic lenders.
Because of that the DTCC issued a global lock.
The Brad incident was just the icing on the cake.
Stop thinking Brad was the one who brought this company down. He was just at the right time to help nail the coffin down.
Here's the reply I got in regards to the trades:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98509735
How does a globally locked security have trades go through?
HFBG who is on a global lock recently was "acquired" and shares went through. Would that be shares being transferred via an exchange for the acquisition?
Not sure really. Not sure if those were shares given in exchange and they showed up on tape?
I'll ask BigBake on the DTCC forum and see what he says and ask that he chime in here as well.
Unless they keep a list of their own the DTCC does not. There is no monthly update from the DTCC. When legal actions are posted, that is when the brokers and other firms get notified as well.
There's a reason for that. They want to make sure the lawyer being used isn't biased and looks at the facts properly.
Yes, it is a global lock and not just a chill. That was put in place due to the fact that the company was named in several SEC complaints against toxic lenders that were fraudulently selling shares in cahoots with companies.
There is no monthly list that they update. It's a matter of paying attention to the DTCC Important Legal notices on their website.
You can go here and learn more about the DTCC process:
http://investorshub.advfn.com/The-Real-DTCC-Discussion-23867/
In order for the Global Lock to be lifted they have to hire one of only three lawyers that the DTCC will work with and explain to the DTCC where all the shares went to and how they were dispersed.
If HFBG can not do that, the lock will be permanent.
There are some companies that are still fighting the global lock from over 10 years ago....