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Nice post....That kind of expresses my sentiments as well.... Fortunately, my groceries aren't dependent upon this stock...So I can continue to roll the dice, but I do it now more for fun rather than any serious belief that I will make any real coin.
Trying to get rich one penny at a time
I am still concerned or trying to square Carol's comment that she anticpates 12M in revenue by end of the year and continued dilution. I understand the 12M is a prediction and perhaps even an optimistic one, but why continue to dilute to reaise money.
I do not know for a fact that they are diluting, but the Accum/Dist is falling and, the trading pattern reminds me of what I saw when they diluted in March.
Bottom line I am getting concerned, not quite a nervous nellie, but in the absense of information, I would prefer Carol's comments to be grounded in reality. IF she says 12M in revenue then I expect at least multiple M in revenue and a cessation of dilution.
I have noticed that the Acum/Dist line has really dropped off since July.... If the last share update of 30 June is Accurate, is this drop off an indication of more dilution given the recent stagnation at .0001, or is it Shareholders bailing which would result in a reduction of total shareholders, or am I not reading or understanding that chart..
The Information is cataloged repeatedly in hundreds of the more than 75,000 posts that have been posted in this forum... Use a search engine and do a little DD.
Those of us who have invested and have done our DD know all about the allegations, inunedos, and concerns about Carol's husband....
I think the 1920 investors and the 1600 new investors since around March, have all concluded that he is not an issue.
Trying to get rich one penny at a time
I do not mind dilution either in some cases, but in this case continued dilution does bother me. If they have projected revenues of 12M, then why do they need to continue to dilute at .0001 to raise money. 6B shares at .0001 is only 600K. That amounts to 5% of their projected annual revenue and yet it would further destroy the entire stock structure. That to me is not a smart way to operate.
How about take 600K from revenues, and use that money to close new deals.... If there is not 600K of cashflow or profit from the 12M in revenues, then this company has other issues that we have yet to discover.
I fear there has been some more dilution, perhaps not 6B worth, but maybe another 1.5B worth.... My question is why if they are making proifts in the last two quarters with a projection of 12M in Revenue do they need to dilute to raise a few hundred thousand.
I am patientely waiting for the company to answer that before I will add to my 10M position.
The CEO fired him for poor stock performance.
FROGG Wrote:
I told you I have no proof. But you don't have proof of that stuff either....
FROGG the logical falicy of your claim is that you are essentially accusing HCPC of illegal activity without proof and then justifying your comment by saying the longs have no proof to the contrary.
That is the same as accusing a man of beating his wife, and then insisting you are correct because the man has no proof that he is not beating his wife....
Shameful....
Since things are a little slow, I could use some schooling by a few folks with the MBAs. I understand Sterling's calculations and how he got to .068, and I understand what a Market Cap is and how that is determined. But to me the one thing that bother's me a little bit about this company and may be a reason the price is still in the cellar is the Net Worth of the company.... As someone posted earlier, a Million dollars could buy this company... A cute way of saying the market cap is only about 1 Million. So my question is doesn't the 1 Million Market cap more accurately reflect the Net Asset Value of the company. Afterall if they have 717M in Assets, yet have 717M in debts (Preferred Stock) what is the real value of the company.
Or does the value of the preferred stock also figure into the Market Cap....
Thanks in Advance....
Trying to get rich one penny at a time
I guess from my perspective, the 275M in Volume as a percentage of OS, is not particularly a lot of volume. If I recall last December when this ran to .0007, HCPC was logging more than 500M on an OS of about 2.75B My numbers may be off but my point is that in terms of dollar volume and percentage of OS, 275M does not register to me as a lot of volume....
I am still interested to see how, over the weekend with a volume spike, the release of unaudit fins, the attention this board is getting, as well as press releases from other notable Penny newsletters etc, if we will see some major interest on Monday, and see Dollar Volume and actual volume in the range that we had last December. IF after all that, the price does not move, then I will become a little less thrilled with this stock.. Until then. I just hold and watch.
Renee,
Great post and food for thought...I would just caveat everything you said with this great quote from Donald Rumsfeld, "it is a mistake to infer evil intentions when in reality it may be nothing more than simple incompetence"
May not make folks feel better, but I find that quote to be so true.
Howard,
Fair enough....but why play I have a secret??
I have been in this since December, and have flipped a little and dollar averaged a little, and frankly have spent far too many hours watching and waiting..... But... My 7M shares have not cost me too much, and given my small profits from minor flipping, I am at the point that even if this stock did crash and burn, I have not ventured too much other than time and curiosity. But... If it hits, then this will be the best use of 1500 bucks I have ever spent. Put me down for cautiously optimistic, and after waiting 6 months, what is another week or so.
Supposedly they will buy back as long as they residual cash from 35% of income and the price is less than .01. I read several months ago, that they felt the stock was way undervalued at less than .01..... But that was also a couple of dilutions ago where they helped to continue to undervalue it.
Which institutions are purchasing HCPC.... I missed that one..
Not waiting at all... I have had my position since December... Just want to add caution to reduce disappointment if this moves slower than some obviously expect.
I gotta beleive it can only help that the FED is considering dropping the Interest rate another full point.... We'll see, but lots of good things shaping up..... I really want to see a buy back PR... That to me is the key indicator.
That is correct.... And during that 30-60 day period, the home is considered under contract not "closed"..... Not that I have a lot of experience in this arena... but I have been involved in several situations where the property that was "under contract" did not close because the lender or the borrower backed out....
But once it was "closed" funds were deposited and I laughed all the way to the bank.... That is my point.... I am not laughing until the funding is complete. My heart has been broken too many other times when I was "under contract"
"closed March 13" "To be funded on or before 30 May"
When something is yet to be funded then it is still unfunded.
Frankly, I will be more impressed with a PR that discusses 500M-1B shares were repurchased than I will about 672M deal that closed but is yet to be funded. I will also be more impressed with the Q financials that shows they are now operating at a profit suggesting that further dilution will not be probable in order to keep the lights on.
Those PR's in conjuction with the unfunded 672M closing could then build the MoMO to get this off the floor and a solid base by the end of May when the 672 is supposed to be funded.
Thanks for the reply......
Kind of reminds me of a couple of weeks ago when we had the big buzz and then got to watch back to back billion share days.... The price tripled, lets see if that will start to happen this time..... Me thinks if they play the PR's right they could create then sustain 60 dyas of momentum..... I guess time will tell and patience rules.....
A couple of other things that I recall that have been published. As I recall, the buyback announcement stipulated that the buyback would be up to a share price of .01. Since the company believed that a share price of less than that was undervalued.
I also do not fully understand how a loan can close, but not be funded..... I have never heard of that.
Kinda quiet this morning when compared to the last couple of days. Is this the calm before the storm, or a signal of lost interest.... Hmmmmm?????
Well, My initial thoughts that we are seeing another 1b day are getting dashed with each passing second. 500M will be tough at this rate
Can someone give me a good explanation as to why MMs mirro trades... What does that accomplish...
That is assuming all Ihubers are on the up and up......
I would never make that assumption.
I assume some Ihuber's are and some are not....The key is trying to demask those who are not..
Patience is the key, I have been patient since December when I first bought in, Should have flipped at the first run up to 07 but did not, and am still holding with my 3.5 average. I think though some get challenged to maintain patience when they are bombared with hundreds of posts saying "this is going to explode" or ".001 by EOD" and the price dips or does not move.
Pumpers can damage psychology when their claims are not immediately met and can actually reinforce basher claims because their claims are realized.
Food for thought.
Looks like it will be another 1B day.... That means 300K dollar volume at a minimum.... There sure is a lot of money interest here.
Thanks, that is my point, I thought we did about 272K yesterday.
Can someone post the Dollar volume for today. What is interesting is that although the price did not change from yesterday's close, my rough estimates has the dollar volume about 35% more than yesterday. That is pretty significant.
Odd lots, but lots of prints. I use that as a guage as well as to how the sentiment is working. Prefer a little more dollar volume at 4, but I'll take anything at this point to eforce the Momo
I am assuming that HCPC is currently leadin all Pinks in Volume again today... That should only reinfoce interest IMHO.
Can someone provide a comparison from yesterday to today... It seems that 333M after 10 min is far heavier than yesteday which leads me to believe we can eclipse the 1B again today.
108M in the first 3 Min, I think that is heavier than yesterday, the flippers may be flipping at 4, but it should not last long.
A company can just as easily reduce the AS just as they are able to increase it. There are a couple of reasons why they may have wanted to increase the AS to include having share structure for a potential merger, but also to have shares available to dilute in the event of a cash flow crisis if loan closing was delayed. It seems to me that with the closing of these loans, unless they need the shares to merge, they could do a lot of good by reducing the AS by a couple of billion shares. Frankly, I would look to do that at the same time I announced the buy back....
Although the share structure is a little different now, last December, we hit .007 on a run up with only 400-500M in daily volume. We have doubled that today, but we do not have double the share structure.
Tomorrow, we need to confirm, the MA cross that we had today and with another heavy day, then I too will become a full believer, but so far.... I am only even money...
Are you sure they must notify before they do the buy back. I have seen PR's that provide details of the buyback after the fact. Essentially saying IAW with Buy back plan, XXXX purchased 1.2M shares between 1-6 March at an average price of XX per share for a total value of XXXX.
Couldn't they argue that there previous releases provided prior notification of a planned buyback??? And this PR is to state the results of the buyback??
As I recall the Float was 2.7B with large insider holdings. Given that, and assuming we hit the 1B mark by days end, what does a 40% or so float turnover in one day represent as far as momentum.... I am not used to this much daily volume when compared to the float.
That don't make no sense, How can folks buy into a rally if when demand gets high, Scottrade won't process the order... Glad I am with Choice Trade.
Hill is a little perplexing especially given the volume... but... look at the dollar volume... 35K give or take... That is still not a lot of money... Did Hill buy a lot of the shares from the last dilute and they are just trying to double... Were they big buyers on Monday ahead of the release and are just trying to double and then ride free shares. Or is there something a little more sinister going on... We need to break 1B in volume and I think we will be able to figure things out after that.
I have to beleive the volume screeners should be hitting alerts for folks... Give them a little time to analyze the PR and we may see another spike just before lunch.