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Did you see this? Simply amazing how this company is still making money like this as a "Q". ESW got this company for a steal, smh. Credit to z_deville for giving me this.
http://www.docdroid.net/v2zw/doc-248.pdf.html
LINK? Please
How long does it usually take for the Q to get taken off a stock?
Boy o' Boy! Look at those bids at .0023 and .002! :)
I'm trying to figure out, if AHROQ was sold, just how much the patents are worth? There's a few companies out there with Subcutaneous Fat Reduction (Their 3rd patent) patents but differ from the one ARHOQ has.
Unfortunately, Subs is right around the corner for this company.
"The court overrules any and all objections to ESW being a qualified bidder"
That's all that matters! SITO is out of the picture. Time to move onto bigger things :)
There is no patience with with some. They expect this thing to move .05, .10, just like that.
Any trader with "common sense" can see that the MM are bringing this down.
Just by the action withing the last hour
Sell @ .0021 of 1200 shares, that's $2.52
Sell @ .0022 of 30000 shares, that's $66
Sell @ .0022 if 26100 shares, that's $57.42
This isn't even a $150 in trades lol. If some are stuck and can't get out, it's there fault. Learn how to be a better flipper then.
IMO, it will be like this today and tomorrow. Next week, I expect this thing to move again. This whole Chapter 11 process is moving rather quickly. Next week is the Bar Date, I think before the end of the month the reorganization plan will be out.
Sir, if you spent more time doing DD, then sticking your fingers in your a** and bashing, you would have read the Reorganization Draft from ESW. It clearly states it. Please stop with the nonsense and bring some facts other than bashing.
So, the owner Purdon Fraser has 11.8M shares shares. Seems like every few months he keeps acquiring more and more shares.
http://www.j3sg.com/Reports/Stock-Insider/GenerateFiler.php?filerCik=0001602940&pageNumber=1&descending=1&sortBy=PeriodOfReport
Exactly! I think the plan needs 2/3 votes for it to be accepted. Some people are expecting this to get done overnight, which isn't happening. Reorganization by ESW wouldn't go into effect until June I believe.
There was mention in the "draft" of the reorganization plan by ESW can be rejected by 2/3 votes. I forgot who gets to vote because I looked at the document once and deleted it smh. I didn't pay it any mind after ESW won the bid. They still hasn't gave any details about it yet, I expect something hopefully the end of this week or next week.
I'm not too sure honestly, but I want to say at least .05.
Check this out regarding to ESW dealings.
4-5 years ago, ESW acquired a bankrupted computer software company called "think3". ESW bought them out in a Stock-purchase transaction.
http://www.chapter11blog.com/chapter11/2011/05/think3-inc-files-for-chapter-11.html
****NEWS****
Adding something to the article you posted. SITO counter offered ESW with 900K, then ESW countered with 500K more cash lol.
It has the SS to do it, personally I think it will do around .007-.01 doable.
The dates of the last 3 10-K
3/17/14
3/29/13
3/30/12
should be soon.
.01 is totally possible when that 10-K drops! This thing needs more eyes on it though. There seems to be a big wall in the 40's though.
Few guys here have added DD to this hawkmd, Mitshu35 and z_devlle.
I'll be totally honest with you sir. Yesterday, up until the article from Law360 dropped, I thought this thing was done. When they mentioned ESW wanted to purchase shares I changed my view on this.
People need to realize, the revised bid that was put out by ESW by the deadline was a "draft". It is very vague because it doesn't specify as to what their plan is. It does look like something that was just put together very quickly.
One huge thing that us commons has going for us, is that we have about 94M in NOL (net operating loss) that can be used. ESW will NOT be able to use that, unless commons are included.
Buttonwood if you have some beef with moneymade, then respectfully you need to PM about it. Don't come attacking this board with that nonsense. We're not dealing with some high school garbage.
No S***, lol.
It's funny because in the "draft" ESW proposed before the deadline, it clearly say that commons will be extinguished. Now this article is saying that ESW wanted to buy back shares. Add in the fact the bid was stacked by 3 MM and no huge sell offs. I haven't been in any stock like this. This is a hell of a learning experience for me, lol.
Here's the whole article!
Unbelievable how this has turned out lol. ESW has planned on buying stock to reorganized the company?!
100 pages!
*feints*
Thanks for the info!
Yes sir, MM have been doing this since last week.
Dude, my heart is beating lol.
I honestly can't say sir! IMO, why wouldn't they want to keep the company going? It's clearly generating revenue, has the patents/clients, and around 95M in NOL, which would be unbelievable if they walked away from. Someone mentioned how the have a big position in another mobile company (Upland Software) UPLD on the NASDAQ. This isn't by no means a coincidence being involved in UPLD and now acquiring HIPPQ.
Honestly, I didn't plan on being this for the long run but, if shareholder are involved in this plan, I'm going to stick around for this one.
Yes sir!
Thanks!
Thanks!
So, this what it meant where ESW bid was "revised". The moved the bid to 7.5M and added the plan later before the deadline.
Hmmmmmmmmmmm.
Somebody wiped out that 390K at .0029.
CDEL with the 452K bid at .0021.
I honestly don't even know. We didn't even find out that ESW won the bid until after the market closed. I think it all depends how quick this is over with as to when we will see the docs. Action is cool but that doesn't solidify an answer.
No, they're located in Bellevue, Washington.
HIPPQ NOL for the last 3 years including 2014
2014 = 22.3M
2013 = 48.8M
2012 = 22.6M
That's damn near 95M in NOL combined! If not using this money is not in there plan, then I don't know what to say.
I just got finished looking at docket #118 which goes over the whole bidding procedures. One thing that stand out, there the repetitive mention of the debtor taking the bid which is basically "best for the company" (highest/strategically.
The bid by ESW was revised. I get the notion they already made a bid but changed some things around at the last minute to better there chances to win. After looking at the #118 docket, I don't see how ESW isn't a qualified bid. We'll see what the judge thinks though.
Market Maker LAFC (RF Lafferty LLC) who at one time was on the bid, disappeared and came back on late Friday. I think they were the ones with the 1M bid if I'm not mistaken. Funny how there office is literally 15 minutes from the office where the auction took place in NY.