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L2 Please
It's pretty clear to me that Carol & Co. are just buying time. I'm sure an audit of a Pinkie does not take months. HCPC is probably sitting on that audit just waiting for the right time to release it.
Lets keep this all in perspective: Carol has not paid for time on national TV just to increase our share value. I think she's trying to actually market their loan products. I've always believed this will sit at no bid until audited fins are released to legitimize the Co. to investors, but obviously potential borrowers do not need to see audited fins as HCPC is closing loans without them.
A year ago when I bought in, my only concern was "is this Co. real?" I now strongly believe - and I'm sure many here will agree - that HCPC is VERY real, and is really closing loans. So, when Carol & Co. are ready to let this run, they will, 1st by releasing audited fins, then by PRing these loans closed and/or funded, then by likely retiring the known 4.2 billion shares (which I believe is probably 5-6 billion now) which CREMEL owns in some type of reverse merger. If those events occur within a couple of weeks of each other, watch out!! This will take off like a rocket!
What is the O/S right now? Last fins revealed insider ownership in excess of 3 billion, CREMEL 4.2 billion (likely higher...), and 1900+ investors, most of whom have at least 5 million shares each (very well stated Cashflo). I bet the TRUE float is less than 2 billion shares, so when outside buyers hit, it's over! This will launch!!
JMHO,
GasDoc
Where is everybody??!!?!?!?!?!???
Let's not lose perspective people...
We know good news is coming. Like Cashflo said, it's easy to wait when you know the news is good. I really think Carol & Co. are just stalling for time - either to close one or more deals, or because HCPC is gagged until a certain date.
Why bother lying repeatedly about an audit if you have no intention of ever obtaining one? The lie would only work for so long before the SEC came knocking followed by a class-action law suit.
I think Carol realizes that the audit is the key to the success & growth of HCPC. Without it, every PR to date, every financial statement, every website update COULD have been fabricated to scam investors. That audit will legitimize HCPC and allow investors to take a risk on a REAL company with proven (by audit) REAL income!
It's clear to me, and I know very little about starting up a business, even less about starting up a bank! These are very rough financial times - bank failure #10 of 2008 today (Integrity Bank of Georgia). In life, there are almost always better and worse times to do things, and this is probably not the best time to announce the start-up of a new bank. But Carol is committed to it anyway - kudos to her. If it takes a little longer than 'our' timetables permit, so be it.
Many of you are the reason I'm even invested in this lotto play - and for that, I thank you all. I thank the bashers even more, because they drove me to do my own DD to disprove their rhetoric.
It's really very simple. We get an audit, this WILL "go to the moon!!!" We don't ever get an audit, this company goes away. Would be ideal to get it before the Fox Business spot Sep 7, but if not, I really believe she's stalling for more time. I'm OK with giving her more time, as long as that audit does eventually come.
So, lets enjoy the weekend, keep our emotions about HCPC in check, and give Carol & Co. time to do this right.
Enjoy your Labor Day Weekend,
GasDoc
I'm aa little unclear. Has the big loan for GSR Reno funded yet? or are the 2Q fins based on a promissary note?
I just loaded up on some more at 0.0001. What a steal!!!
GasDoc
Here's the address I entered:
http://www.heritagecapitalcredit.com/
Maybe we are...
Is anyone aware the HCPC website is "down for construction?"
If so, how long has it been like this?
And, why is the First Independent Financial Group listed instead of HCPC?
Thoughts?? Comments??
GasDoc
Good Morning all!!
Level II update:
GLTA
GasDoc>
Level II update:
GasDoc>
Level II update:
I find it HARD to believe every single trade since 9:33am, with the exception of a single 750k trade at 10:27am, has been a sell...
Boy, these MM's are INCREDIBLE!!
GasDoc>
Remember guys,
Those trades coming through in red at 0.0002 COULD BE buys at 0.00029. This is the latest game the MM's have been caught playng. Pretty good illusion, if you ask me. Makes it look as if 3.6 mil was just sold. My guess is some if not all were buys.
Just a reminder as I suspect we will continue to see 0.0002 trades throughout the day. If my theory about their intentional deception is correct, we will see near equal volumes of .0002 & .0003 trades today, and close with trades at .0003 just like we opened with .0003 trades.
JMO
GasDoc
Squid,
There have been 4's on the ASK for at least a week now. But the best ASK price is still 0.0003, and currently 4 MM's are sitting at 0.0003. For the ASK to increase to 0.0004, all of the MM's currently at 0.0003 would have to move higher.
As long as 1 MM is sitting at an ASK of 0.0003, shares can be purchased at 0.0003.
My Level II feed is a paid subscription, and always gives me real-time data, even after-market and pre-market. I have had my screen up since 8am this morning, and never saw MM's with a minimum ASK of 0.0004. There were always MM's at .0003.
I'm not sure why brokers' level II would show 1x4 only unless they're slow to update.
Hope this helps...
GasDoc
Level II update:
What's with all the recent "freak out" anyway? It's real simple - if you don't want to take risk, don't own shares. Nothing is guaranteed in the Market - not even the BSC shares which traded at over $160 just 8 months ago!!
GasDoc>
Good morning all...
Here's a pre-market Level II look:
It's a good sign for all of us that the MM's are willing to take losses on potential profit just to massage the charts in their favor. My guess is they want to give the illusion of selling pressure throughout the trading day to scare investors on the fence to sell at 0.0002. Why else would they sacrifice profit and sell shares at 0.00029 when no one would question 0.0003???!??????!?????
GLTA
GasDoc>
Goose,
Thanks for posting this info. I have real-time data feeding my screen throughout the day, including a streaming real-time ticker-tape, and your 3 mil trade is showing up at 0.0002 in every location, and in red.
So, it seems the MM's are willing to part with $0.00001 of profit per share to give the overall illusion to us investors that interest in this stock is dwindling, when it's actually growing!! This is disturbing on many fronts, and will ultimately have the effect of invalidating much of the chart data we have been relying on. Many chart indicators, like the A/D line, the CMF (Chaikin Money Flow), and the MFI (Money Flow Index) rely upon comparisons of the closing price with the high/low of the day. If the close is falsely shown at 0.0002 when actually it's 0.00029, the charts will count the entire day's volume as distribution!!
Incredible games these MM's play. Makes me think they are either heavily shorted and don't want a short squeeze on their positions, or they know like we do that this has great near-term upside potential and they are trying to hoard shares until it pops - or both!!
Why else sacrifice 0.00001 profit to give the illusion of a poor trading day.
Just my thoughts,
GasDoc
Real-Time data:
Gasdoc >
Breharb,
The MM's are currently offering best prices of 0.0002 to buy shares from investors (BID), and 0.0003 to sell shares to investors (ASK). I don't believe trading at 0.00029 is a possibility for 3 reasons:
1) most electronic brokers do not allow individual investor trading to 5 decimal places (can't speak to "behind the scenes trading", but we wouldn't see that volume anyway);
2) The reason 11 MM's are even interested in this sub-penny pinkie is that they are making a KILLING on these trades!! The current margin (difference between ASK vs BID) is 33%, which translates to a 50% profit for every share they trade.
Why would 11 MM's bother with a stock at 0.0001 or 0.0002, which has a high probability of going to NO BID, unless the reward of VERY HIGH profit margins for them significantly outweighed the risk of getting stuck holding 100's of millions of these shares?
3) Computer systems are programmed to round numbers to the nearest decimal place. So, a share price of 0.00029, if it did exist, should round up to 0.0003 when displayed to us. I can't imagine 0.00029 rounding DOWN to 0.0002, can you?
IMO, because such a huge gap exists in HCPC's ASK vs BID prices, every time we see a trade at 0.0002, it's a sell order, and every time we see 0.0003, it's a buy order.
Hope this helps,
GasDoc
Lets hope we see some volume this week!!
Level II update:
Not a good day for HCPC. The wait for news continues...
GasDoc>
Some mild selling :(
MM positions look similar to yesterday.
GasDoc>
Good morning all!!
Some pre-market Level II for those interested...
Lets hope the bid at 0.0002 holds today. Remember, when you see the price of HCPC fall intraday to 0.0002, that represents a sell order. That does not mean the price has fallen to 0.0002, only that someone has sold their shares. The MM's are keeping a minimum 0.0001 margin of 33%, which is why 11 to 12 MM's are swarming around a sub-penny pink!!
Happy trading -- GO HCPC!!!!
GasDoc>
Level II Real-Time update (11:27am):
Current real-time Level II (as of 9:29am):
Test post:
TOTAL VOLUME as of 12pm:
84,261,577 shares traded today
-----------------
1,795,000 shares SOLD (2.1%)
82,466,577 shares BOUGHT (97.9% !!!!!!!!!)
Incredible accumulation w/ HIGH volume!!
And only 2 MM's left on ask at 0.0003!!
3's are ALMOST GONE!!!!
SWEET!!!!!!
I think this piece of DD is the MOST SIGNIFICANT of ALL!!! Many thanks to Cashflo and all others who have tirelessly collected & reported DD to us over these many months, but we need to remember that most DD tells us only about the state of the company, not the intention of its executives. This piece of DD tells me something very worrisome about the intention of the executives.
Companies can choose to be executive-centric, or an investor friendly. I do not get the sense this is an investor friendly company, as we have heard NOTHING from the CEO suggesting a future direction for this company. I am tracking another banking stock on I-Hub, where its CEO has just held a second interview with shareholders to answer questions regarding the future direction of that company. We have heard nothing.
I am now envisioning a scenario where this company has raised enough money from the dilution of shares to conduct future business, and simply does not care what happens to the share price. If HCPC and all its related companies can pay each other LEGALLY, like paying Fisrtaccess, which is going directly into Ed Johnson's pocket, why would HCPC feel the need to raise the share price at all.
By diluting shares at $0.001, HCPC could have raised as much as $3 million over the last two months. I see them taking this money to fund the big loan and grow future business, but BUYBACK NO SHARES. I am aware the executives have 1.5 billion shares, but do we know for sure that every one of those shares was purchased at $0.05. Maybe 90% of them were purchased at 0.0002.
I am an investor in the company, I have a lot of shares in the company and I hope for good news at the end of May. But this piece of DD suggests to me that the ONLY news we will see at the end of May is the release of the audited financials. No PR of the big loan, no buyback. I'm expecting a small surge at the end of May to 0.0004 just before release of the audit, and if we're lucky, 0.001 after the PR, which will not be sustained because the o/s is so high.
I'm not trying to offend anyone's views, and I am trying to remain positive, but this piece of DD is very troubling to me.
GasDoc
I posted thie following question on the EXPT board this evening. Curious how folks here would repsond. TIA
Would anyone care to comment on how EXPT compares with HCPC as far as potential growth with release of fins?
An open CEO with strong future plans is very reassuring, but this stock has shown a (-)CMF (Chaikin Money Flow) for 5 months straight and continuing share distribution (ie. negative accumulation).
HCPC is releasing audited fins at end of May, has a large ($672 mil) loan closed but not PR'd, very (+)CMF & strong accumulation for 3 months, but an o/s of ~7 BILLION!!!!!
TIA,
GasDoc
Here's my opinion of the technicals:
Go HCPC!!!!
Good morning future millionaires...
We really need to see a buyback - at least 1-2 billion shares or I'm afraid the PPS WILL NOT MOVE! - regardless of the big loan or audited fins or (+) 1Q fins.
Nice to see growing accumulation and a CMF that remains high & strong...both in line with each other and showing strong positive divergence...suggestive of higher prices. Contrast this to EXPT's very large distribution (ie. negative accumulation) and negative CMF for several months now. Despite recent PR suggesting better than expected fins, I doubt EXPT will budge because there is no buying interest as suggested by the CMF.
At least HCPC has a very (+) CMF in its favor.
Just my opinion...
GasDoc
So how high do you all REALLY think this can go after the PR of the loan & audited fins? .001? .007? .01? .10? .25?????
I'm patient, and do believe the news is all good for HCPC from this point forward, but I really think the pop everyone hopes for will only, and I mean ONLY occur IF they announce a buyback of at least 3 billion shares.
IMO this is more important than the closing & funding of the big loan because it would make clear the direction of the company - towards share consolidation vs a R/S.
Just my thoughts. Any other ideas?
If this does pop like we all hope, I will rent the largest suite in Reno for our celebration with lots of Dom Perignon!!!!
GasDoc
I agree. Will be very nice to see audited 06 & 07 as well as 1Q prelims. But we also REALLY annoucement of a share buyback. How many shares do you all think HCPC has the funding to buyback currently? 1 billion?? 2 billion?? 5 billion????? (just dreaming about that one...)
GasDoc
I was recommended to Schwab by a friend, and I did not realize this significant limitation on trading until I began purchasing penny stocks.
I agree, it really sucks.
Quick18holes,
You are correct. Schwab only allows me to purchase upto 999,999 shares per trade. I have even called to ask for a broker-assisted trade for more shares per transaction, but they tell me even THEY cannot transact more than a million shares per trade.
I'm not really concerned with the lack of price movement right now. That's one of the largest CMFs I've ever seen on a stock, and it's correlating with accumulation very nicely FOR OVER 2 MONTHS!!
IMO, only 4 events will raise HCPC's price:
1) PR of closed $672 mil loan
2) (+) financial Q1 report from revenues of prior loans
3) a share buyback of at least 2 billion
4) announcement of new loans closed
If any of these events occur on or before May 30, this stock will run very far very fast!!! The more that occur, the faster it will run, IMO.
Good luck to everyone, and go HCPC!!!!
Where is the PR???!?????!?? I have 800 million shares, and would just love to turn my $200,000 investment into 200 MILLION!!!!! Why this company hasn't released PR is beyond me. If they really closed on this loan, thy don't they let the world know??!!?????
Thanks for the great DD!!
But how do we know all of this will lead to an increase of the PPS?
I've been invested in HCPC for just under a month, and I've yet to see any PR from them. Lots of DD from people like yourself, but NOTHING from the company. If this $672mil loan has closed, why no PR in 2 weeks?
I'm not worried, just a little concerned...