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Slowly taking all the retail traders out!. It looks like the 0.002 are gone. Let see if they decide that 0.003 will be gone too...
We have to remember that dec, jan, feb have been the worst months for augt/hipp historically. In march is when the revenue/ advertising circle start all over again. And with the bk cost( lawyers, accountants,etc) they must be really thin on cash!. The worst is over and now is money time! I'm waiting for the February and March MOR( monthly operating report) to see how the business is doing...
Agree, also the low volume is telling the story. I go with the theory that the people in the know loaded last week when the info about ESW capital was released. Let see if they decide to move the PPS above 0.005 and take the next round of traders out!
#6 is the one that will allow shareholders to be included in the plan IMO thank you very much for loading it so everybody can see it!!!
MMs destroyed the momentum for the traders. Is funny that the only people complaining seem to be experts in trading penny stocks and don't like the idea of having to wait for the plan to be release. I'm glad that some traders are gone and others are stuck with their position. Lol!!!
simple, they want traders/flippers out! This will move up but slowly, just to F$#@#$ traders/flippers and force them to sell because is taking too long for them to hold. Traders/flippers should sell and move on...
Interesting, they really want traders and flippers out!. Slowly moving the bid...
a few flippers and retail traders left. MM CSTI is taking them one by one slowly no pressure...
Market makers are very careful and not playing with HIPPQ, they know what is coming but don't have a clue how high. So basically orders are getting done carefully with control...
Great!!! I would love to see the faces of the flippers and "wannabe" retail traders for selling too soon...Let the chase begins...
Just follow the people in the know! I expect 0.13($20Million Market Cap) or higher in the short term(as details of the plan are release). In the next days, I believe 0.03-0.05 could happen, but again follow the people in the know with their big block of shares like today...
And the people in the know bought millions of shares from the flippers and "wannabe" retail traders! FOR LESS THAN A PENNY! LOL!!! Now is when the real fun begins! Thank you very much for the update...
Any news??
yeah!Flipper out! we have another at 0.0057 but that one is more stubborn...
Finally! the flippers are coming out!...
Beautiful! They are squeezing all the retail traders out!...
This is accumulation not pump and dump! look how CSTI keep accumulating and LAFC is giving support. They are taking all the traders out!...
People in the know took all the retail traders out! They just squeeze the 2-3 million shares inventory plus some flippers. Let see if the real volume comes in the next hours...
Yes I do and you know it...
Why you keep saying the same thing over and over? Don't you see the PPS?? The market is telling we are going to be wiped out! The people currently holding are doing it due to the fact that if ESW Capital is going to reorganize HIPP and they want to take advantage of the NOLs( over $65M) they will include the shareholders in the new HIPP. SO WE ARE TAKING A RISK!!!! Simple as that! News yesterday is telling that ESW Capital is looking to provide financing to HIPP in exchange for EQUITY!! how much??? We don't know!!! But for sure is BY FAR!!! better than SITO offer...
That "draft" was more like a "copy and paste" from another plan. It was very specific about the DIP financing but everything else was vague and lacked of more details/ explanation. I looks like they did it so they could be in compliance with the bidding rules or sort of and later fix it.
Wow!!! Now we know why nobody was selling! Thank you so much! Your post need to be on the top...
Agree but obviously we are missing something in this story. Like I said in a previous post, something isn't right with ESW Capital proposed plan. No wonder why we didn't have volume after the court hearing. People in the know must be wondering, what F#@#$ just happen here.
This drama just got better!! Here is the link...
I dont have access to law360, anybody with access?? Thank you in advance if you can post the news.
***********************************
SITO Plans Suit If Hipcricket Sticks With Rival Ch. 11 Bid
By Matt Chiappardi
Law360, Wilmington (March 09, 2015, 9:20 PM ET) -- SITO Mobile Ltd. told a Delaware bankruptcy judge Monday that it will sue mobile ad company Hipcricket Inc. if it goes ahead with a reorganization offer from ESW Capital LLC, arguing the debtor would be breaching the stalking horse asset purchase agreement it came into Chapter 11 with.
During a marathon hearing in Wilmington, SITO contended that its side had the sale “process pulled out from under them” when Hipcricket decided to deem ESW's offer — which the debtor says represents a $2.7 million overbid of...
http://www.law360.com/articles/628980/sito-plans-suit-if-hipcricket-sticks-with-rival-ch-11-bid
PM, to be honest it all depend on the final plan. I'm really intrigue on how hipp(debtor) manage the auction. It seems like they worked with ESW before the auction and simply adjust the numbers to make sito uncomfortable and out of the process. Why ESW propose a plan instead of simply outbid sito with extra cash and nothing more? Why complicate the process with another DIP financing? There is more to this story for sure. Why Debtors are co-proponents??. I'm willing to wait an see how everything develops. Anyway after many years of watching this drama, another two months is nothing...
No is ok, once you read SITO's documents you start to get the feeling that something isn't right. Like maybe SITO could have been played by HIPP management at the last minute with the changes from a bid to a "recap/reorg" plan or whatever that thing proposed by ESW Capital that also have HIPP as co-proponent. Is amazing how this guys(HIPP management) after so many years destroying shareholder value still poses this unique ability to F#$#@# things at the last minute.
That document is a proposed plan, not the final plan. Did you see the sudden mess with SITO? Did you read that in the proposed plan the Debtor(hipp) is co-proponent? Did you see a big sell off? NO, why?? Simple, people are wondering what FF#@#$ just happen... That proposed plan is the first draft and it was done in less than a week to satisfy the bid procedures and control the problem with SITO...
There is no plan of reorganization yet, but a proposed plan with the Debtor as a co-proponent. We don't know if shareholders will be included or not.
Exactly!!!. If ESW Capital wants to take over the $65M(Feb2014-10K, more by Feb2015) in NOLs they need to include the shareholders otherwise is game over for us. Can't wait to see the details of the "recap plan"....
Excellent!, thank you very much...
Could you provide more details, we don't have access to those documents(#191-198) until later or probably tomorrow, thanks...
Agree, basically the same 2-3 million shares inventory, no real volume so far. Two scenarios, nobody is talking or we are not included in the plan.
you're welcome. To be honest, is very difficult to determine the type of "structured plan" they are proposing. The main question is, does ESW Capital want to take advantage of the $65++ Millions in NOLs?? If the answer is yes then shareholders are going to be part of the plan.
BTW the $65M in NOLs is from Feb2014-10K. Today it should be close to $100M.
SITO is out, unless the judge have a bad day and craziness take the very best of him(sarcasm included) LOL!. The reality is that the basics of the Chapter 11 BK process is to find an adequate solution for the dispute between the Debtor and the Creditors, etc,etc,etc. So if the ESW Capital offer is higher and better than SITO offer plus the Creditors were consulted and they agreed to the offer then I see very difficult for judge to say no when the parties in conflict( Debtors and Creditors) both agree to a solution(ESW Capital).
If the PPS stay down then this will be really bad news for shareholders. By now the people close to the parties involved should know some of the details around the "structured plan". So if shareholders are included they are going to buy every share until the PPS reflect the potential value of the transaction. Watch the volume!
Monday action will tell the story. Since ESW Capital bid is already public and the auction is over, now the people close to them( hipcricket and ESW Capital) will get some details first and they will buy quickly if the shareholders are ("potentially") included. The rules of insider trading would not apply here because the court document(#190) already provide enough language to support a speculative BUY transaction based on the "potential inclusion" of shareholders in the "structured plan". And like always retail players will be the last to know.
Interesting! HIPP NOLs is over $65 Million as of Feb 2014. Today should be more...
"As of February 28, 2014, we had approximately $65.6 million in federal net operating loss carryforwards available to offset future federal taxable income. Federal net operating losses will expire in tax years 2025 to 2033. We also had approximately $45.5 million of state net operating loss carryfowards, which will expire in tax years 2014 to 2033."
http://www.sec.gov/cgi-bin/viewer?action=view&cik=1137204&accession_number=0001415889-14-001488&xbrl_type=v#
ESW Capital bid(in the form of a plan) is now officially public, so is logic to think that the people more close to ESW Capital and Hipcricket will get the details first during the weekend. If shareholders are part of the plan then the pps should raise accordingly...
You might be right!. They seems to be more focus on providing working capital resources. Here are some links about ESW Capital:
http://www.nasdaq.com/article/project-management-software-maker-upland-files-for-a-50-million-ipo-cm387201
http://www.manta.com/c/mtk1qts/esw-capital-llc?utm_expid=82789632-35.5hBunVVLRam7e9B6_xvwKA.0&utm_referrer=http%3A%2F%2Fwww.google.com.pr%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3D%26esrc%3Ds%26source%3Dweb%26cd%3D6%26cad%3Drja%26uact%3D8%26ved%3D0CDwQFjAF%26url%3Dhttp%253A%252F%252Fwww.manta.com%252Fc%252Fmtk1qts%252Fesw-capital-llc%26ei%3DKxL7VKPPHcO1sASA04LADQ%26usg%3DAFQjCNF4HTqVaJLtV9820wtne91blGAcBw%26sig2%3DuYGEiZ_UMdRpXS1TbgwEsw%26bvm%3Dbv.87611401%2Cd.cWc
http://www.nasdaq.com/quotes/insiders/esw-capital-llc-816004
Could this be a recap plan? If this is in the form of a recap plan then wow!!!! This get better and better... Shareholder might be included, the question is yes or no and by how much equity??