Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very fluffy....in fact so fluffy that it looks like the CEO is trying to keep the pps up to support more very near term dilution. Today appeared that dilution has returned.
Yes we can....the audit is way overdue.
Oh yah, the good ole calm before the storm, that's it.
How about some news HAON.
I'm all eyes MBC; show me the ticker where this happened and at what time frame (year). Seriously, I'd like to know.
I've never seen it and if there is one, I'd like to understand the drivers that made that happen. It would be good for a comparison to HAON.
All I see is dumping at .0005.
No stinky pinky company will go from .0005 to .01 with that kind of SS w/o a RS.
So either it doesn't get uplisted or it gets uplisted with a RS. Doesn't matter what the CEO claims" or wants. He never committed against a RS, it's just "deferred"....for now.
Here, here...I'm with you. Had a bunch that I accumulated over many months when the AS was just a few 100 million and the float was just a couple 100 mil; then the dilution storm hit.
I too averaged down and caught a bunch at .0003 a couple weeks ago. My many millions of shares are now at an average of .0011. We will see.
Why? Although the CEO's dilution machine should be over, what makes you think this is going to do better tomorrow.
This thing is moving back down because the CEO, through all his dilution let the pps value drop to .0001s and 2s and traders who bought down there are cashing in at .0005 and .0006s and good for them.
I'm not surprised; the new management is a "chip off the old block".
That's what was showing on my TDA account....saw it dropping from 90M all the way to 66M when traders were hitting the ask obviously....and then bam
Hell, it was reduced to just 66M 1/2 hour ago and then jumped to 110M in one instant....$%^&ers.
The ask just went up 66M to 110M
Heard that record play over and over to the point it just skips.
Believe me, I want to be optimistic, but not over optimistic. I'm an investor, have been for a while. I had a relationship with Bernard as an investor (over the phone and on and off for a few months) and that has since been broken off by him now that I started to question his extreme dilution approach to growing and maintaining this endeavor of his.
I see some positive moves too in the very near future, the charts and latest activity shows it. But certainly not a penny.
Save these posts and shove it back in my face should there ever come a time...RS don't count and speaking of RSs, that too is a very good possibility in the near future.
Stay away from the kool-aide they're selling. I didn't listen to the call, but for those few that did, did they mention that they were past the HP liability, that they paid them off?
There IR guy, David Kugelman and I went back and forth on email; he didn't like my pointed questions I submitted for the CC. The HP question was one of them. Another one focused on what they can show that they are different then previous management.
Keep it real dude...pennies with an AS of 5B????
It didn't even hit a penny when the AS was less than 300M with a float less than 100M. Even with that SS and news to boot on acquisitions, it's high hit around .0085 and it hasn't seen anything close to that in more than a year.
It's all been a dilution factory and whether this gets any more steam to drive it past .001 will take major news. Audit was supposed to be completed by the end of June and it's been the sound of crickets from the CEO the last month. Audits don't take 2.5 months, I don't care how many years it's supposed to include, especially for a company with as little transactions as HAON.
Now you sound like a mindless ignorant money grabber.
Obviously, you didn't miss anything except an attempt to sell more kool-aide and it appears no one was buying it. Same ole inept money mongering management.
Yah OK. Where's all the fruits of the CEOs dilution like the audit, the acquisitions? This was supposed to happen already according to his last public announcement. Plus in May, when he was answering the phone, he was telling me personally that the audit going back to 2008 would be complete by the end of June.
The only thing that has happened is pps destruction through mega dilution. Another inept stinky pinky CEO at work.
Good luck with that. Bernard and I used to be on speaking terms on the phone and via Linkedin. He even implied I should be buying more at these levels (.0005 at the time) when we had a candid discussion about the disappointment I had as an investor with the heavy diluting.
Not no more. He's decided to shut up after the mega dilution he did thus destroying the pps and ss while filling whatever pocket book he needed filled. He fooled me by instilling some hope through the plan he was touting at the time which was the audits and company purchase which he said was the reason behind the diluting. He said to me would be done by the end of June with the diluting and at the same deadline, he would have the formal and SEC approved audit. Well, I guess I can't prove him a liar with one day to go, but I think we all know what's going to happen tomorrow.....nothing. Believe me, I hope I'm wrong.
The scumbag dropped 500M shares to get $50K cash for his new company truck
Well if he also mentioned he was an avid Chicago Bears fan, a family man and he likes talking to shareholders even when having to field the tough criticism, then he was simply trying to play us.
Try the crooked prick and liar on LinkedIn.
He's not returning any calls or emails now that the investment community has determined he's just another stinky pinky inept businessman. On my last phone call with him about 3 weeks ago regarding the degradation of the share structure, he actually suggested I take advantage of the low prices which were about .0004-.0005 back then. Yah right! This was before he upped the AS to 4B+ and continued to dilute....what a sneaky prick.
Bernard killed the SS the last 6 months. You wont' ever see .0085s again without a RS or a share buy back and when has a stinky pinky ever done the latter?
I too had a chat with the CEO...on Saturday. It's been my 2nd chat with him and we have exchanged messages on LinkedIn. He is indeed extremely good about communicating, I'll give him that for a pinky CEO. He knew going into the call how upset I was with all the dilution and I wanted answers, yet he called me back. Well he gave them, and they are consistent with the info you provided in your post which is to be expected, but I went further and wanted to understand the substantial dilution after going with a AS count of 650M for the last 2.5 years. It's now 2B and the OS and float have doubled at least.
The main reason he had to dilute was to pay for the audit....biggest cost. He had to go back to 2008 and getting it done professionally for the past 9 years is costly. I asked him why he didn't leverage the $300K credit facility to help fund this and he said he couldn't because the audit costs had nothing to do with company growth and in order to get the credit facility with the bank, that was the major stipulation. He can only draw upon it for growth initiatives.
We chatted for 30 minutes. Nice guy. Bears fan. My biggest problem is that I think he is trying to go too big too fast with this multi-million in sales company acquisition.
So my take away is that this is still a major lottery ticket. A RS is unlikely, but not off the table. The audit is the next big step and I feel 75% sure he'll make it happen by the end of June. He came across as an ethical person trying to build a company. Reach out to him yourselves, he will get back to you in a reasonable amount of time. He understands the investment community frustration with the dilution and is willing to be a big boy about it with angry callers. GLTE invested.
I'm sure they are reeling from the HP deal gone south. Gruder, what a fricking inept douchebag. His stupidity put severe shackles on the new management. I still can't believe they just didn't let this die.....well maybe they are letting it die slowly.
Maybe it's not a so called scam...yet, but their last PR and pps movement since seems to indicate that there is still trouble in LCLP land. HP's I know has some more pocket change without having to spend a dime or lift a finger. What a pathetic POS LCLP is.
Oh yah, that's it. Give me a break!
It's a POS thanks to Gruder putting it in a hole it will not get out of any time soon.
LCLP a fricking turd and will always be one thanks to the Robbery Goober (Robert Gruder). I highly doubt they can get out from under the financial shackles he put this company in with Mobeego and especially HP and who knows what others. What a slimeball and inept individual; I'm surprised someone jumped in and is trying to make it work with the history. As you can see, the pps reflects zero confidence in this company even with new management. It's a P&D.
Here you go....
https://www.linkedin.com/in/bernardfindley/
Bernard does communicate via LinkIn; he's replied to me within 24 hours twice now...here's his latest. Try it yourself. maybe if we gang up, it will get him moving faster.
Bernard, How about an update? Now 5 weeks have passed and my investment in your company continues to flounder. If you don't do what you say, then no need me being an investor any longer. It's all about credibility and you know that. Don't lose it.
Hi Gary. Thank you for your comments and continued support. We will provide an update on the operations of the business very soon. We are very optimistic about our business plan for 2017. Bernard
It's a company that has screwed over so many investors with previous leadership....so once a turd, always a turd.
No staying power again as you saw from Thursday's rise and Friday's fall. So typical of this POS company/product/business model.
I reached out to Bernard via LinkedIn and he responded within 24 hours....I thought that was cool. His response...positive, but typical.
My message: Bernard, as a substantial investor in HAON, you need to update the investment community on your financial audit status and the dividend offering details all per you March 20th announcement. Holy cow, it's been a month for God sake!
Bernard's response: Thanks for checking in. Will do. We are very excited about 2017. Bernard
It can be as thin as a piece of paper, problem is that it's as strong as a thin piece paper too...this POS won't hold or support anything. We have seen some upward moves and volume, but then it drops back down to sub penny. Like tires spinning in the mud, no traction. In LCLP's case, it stuck in the shit Goober left it in.
Thanks for the reply.
My issue is that just when things look like they are going to pick up and momentum is building with goals and objectives in place (or I should say "announced"), Bernard goes silent. That tells me that things are not going to plan. Yes I know this stuff takes time, but when he's not updating the investment community on any progress whatsoever on any front, it sends a message, a poor one.
You and I are in the same boat, except you have a more glass half full outlook which is good.
I have more shares than I care to have (4.3M), but it is what it is. I have some sell orders in place that have yet to hit so I'm betting on a short term run that gets me to a point I can offload some for a profit and recover some $ on my long term investment. I didn't mean to get so long term on this pinky, but again, it is what it is. I've accumulated for a long time and I've seen my investment dwindle when prices hit .0011, so my nerves have already been tested and I've had my share of negative postings regarding Bernard and his methods; but I've hung in there; in fact, I bought more at those levels to average down.
I'm currently up about 50% as my average is around .0021, but due to some high expectations and a totally inept CEO, I took a beating on another stock/company. The guy turned out to be a liar when he got in over his head with deals his pocket book and stock dilution couldn't afford...surprise...surprise. Many people went down with it including me and some are still hanging on with the new management. Company is LCLP and they still are struggling because of the hole the shithead left the company. Hoping that's not the case here and that this company gets me out of the red. I'm due for a good stock to hit. That's about as glass half full as I'll get.
GLTY.
Forget the stock and SS, it's a POS company with too much corrupt baggage to pull itself out of.
No, slow week cause confidence/trust in CEO is dwindling. This starts creeping down next week in the teens w/o news.
I'm back again because the same thing is starting all over....here comes the silence. Why didn't this hold a year ago when it ran? Because nothing financially concrete came from the acquisition that propelled this up to the .008s. I understand the peek and pull back on such an explosive run back thern, but then it creeped all the way back to .0011 when nothing followed....and then nothing followed for 6 months. I'm not a basher, just a realist and have followed HAON long enough that disappointment goes hand in hand with Bernard.
Only silver lining is I don't believe he dilutes; the volume is never that high enough to show dilution. He's just inept.
It's taking too long on the audited financials' The CEO set out to become financially legit with the SEC before and he failed. Granted that was over a year ago, but come on, he has to know that the investment community is watching closely with skepticism because of his past.
I am invested, but I don't like what is not happening.
Sounds and looks like everyone should be preparing for disappointment. Bernardturd doesn't even have the respect to keep any shareholders and potential shareholders updated on a number of the major objectives he outlined now almost a month ago. It really can only mean one thing.....that these business objectives are not happening and his plans are falling way short once again.