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Not to burst your bubble, but no legit company makes their shareholders wait 8+ months to get the stock after an acquisition and worse cannot even provide guidance on when that will happen. Unfortunately I have no choice to wait it out as there is no place to sell HTSC. Guess I'll go wall paper one of my rooms.
Sorry for the rant. Just extremely frustrated with the lack of transparency and honesty.
JD - No offense, how much smoke can you have blow up your a.. The acquisition occurs 8 months ago with the explicit comments a dividend will be paid to HTSC shareholders. Multiple promises about dates, uplisting, etc... and nothing to show for it except huge compensation payments to MRDN executives.Am I missing something here?
I'd say there were some significant incentive packages awarded.
'Operating Expenses
Selling, general and administrative expenses were $3,387,923 for the three months ending March 31, 2015. This significant increase over the level of selling, general and administrative expenses of like period of the prior year is again related to the use of “push-down” accounting related to the business combination that occurred in May of 2014. Also there were significant incentive packages awarded to certain employees and vendors in connection with the reorganization.
Interesting from BCKE 10-K. HTSC quietly selling assets of the company with no news or value to the shareholders.
Here To Serve Technology, LLC
HTS Tech was in the business of designing, developing and selling mobile based apps for smartphones and computers to the general public as well as Enterprise versions. On January 7, 2015, in an effort to give investors a more concentrated presence in the waste industry the Company sold the capitalized software assets of HTS Tech to Mobile Science Technologies, Inc., a Georgia corporation, a related party due to being owned by some of the shareholders of the Company.
Current Portfolio
cConnectsTM is a cloud-based mobile app used as a micro-scheduling solution, as well as a fleet/asset management system. It allows users in any industry to connect with their customers, vendors and internal organization without wasting time using the current switch board type operations of the current phone system. cConnects was created to maximize time for its users, reduce costs to deliver products and services, provide new technology to an aging business model, while changing the future of customer service.
Most competitors of cConnects must have a hardware and software component to make their systems work. cConnects is mobile app based. In addition, known competitors to cConnects are not cross-platform capable and take years of implementation and millions of dollars of capital to execute.
HTS – Home Watch, HTS – Lockbox & HTS – Citizen Alert
These products were purchased by HTS Tech in August 2014 from Interactive Defense, LLC. These products are in the late stages of development and will be sold as Social and Enterprise versions to municipal governments and residents of municipalities.
Discontinued Operations and Investments
Ascend™ Global Business System – Ascend™ was an online software as a service (SaaS) product created by the former F3 Technologies development team. It has been since been discontinued.
Record Management System (“RMS”) was a product being developed by Interactive Defense, LLC. RMS was financed by HTST until 1st Quarter 2014 when it was discontinued.
FargoTube was a product developed by the former F3 Technologies development team. FargoTube was discontinued in 2013.
Statement of Ownership filed today. Though probably need to correct and state the right percentages. Shows Jim owns .067% when in fact he own 6.7% based upon the information reported.
That's a good question. I've also wondered what is the driver to keep both HTSC and BCKE shares when all assets have been transferred to BCKE. Someone smarter than I knows the reasoning.
Anyone have an idea when they will set the record date and issue shares for us HTSC longs?
Reading now. Thanks for the post.
Since there was no Schedule 14f-1 filing by BCKE, I'm guessing we are at least 10 days out from closing. This should have been filed by 10/19 to close per the agreement. This lack of information from the company is to say the least frustrating (especially when the website says Important Shareholder Notice 10/31 in big red letters!)
Not sure either. Based upon the information disclosed that our HTSC shares will be exchanged for .153 shares in the organization, the exchange price was around .064 (HTSC) if the current share value of BCKE was .42 for the agreement.
FINRA has imposed a quoting and trading halt in all OTC equity securities due to a lack of current price transparency information currently available in the marketplace for OTC equity securities. FINRA will notify the market when quoting and trading in all OTC equity securities may resume.
Supposedly due to a technical issue.
If you follow a software company, you should probably understand that approval from the iTunes and Google stores is a requirement to release a mobile app. The process is long and arduous.
And is called aspiration (nothing wrong with that) when OTC:QB is listed.
Don't get me wrong, we all need to see them execute a solid business plan, effectively communicate to current and prospective shareholders and some real revenue numbers to get this thing going!
LETS GO!
Agree to disagree
"UPDATES TO OTC MARKET:
Additionally, we are proud to announce, OTC Markets will be moving HTSC to OTC Pink Current Information at the beginning of trading on Tuesday, December 31, 2013. The removal of the yield sign from the OTC Markets trading environment is a small step in the very methodical strategy of moving HTSC to a more available stock to build our shareholder base and create opportunity for additional daily trading volume.
Let's be clear and honest to investors. They were never lowered from QTC:QB to QTC:Pink. I've been here since 2009 and the stock has never changed. The only thing that has changed over time is the stock was OTC: Pink Current and now OTC:Pink Limited.
Just setting the record straight so people can make informed decisions.
Have to love how the website says "Here To Serve Holding Corp. and subsidiaries (OTCQB: HTSC)" when the stock is still listed as a OTC:Pink. I'm happy you are so optimistic, but have to wonder after 12 months whether anything will really change here.
Here is to hoping so!
What is happening with this stock. Absolutely no volume for 2 days???
You would think with such great news, HTSC would file an 8-K so the market sees this is legit. Does anyone know how many of the municipalities have signed off on the acquisition?
Hi JD,
What a great opportunity for the company to expand without constantly looking over its shoulder. Working on a shoe-string budget had so many limitations and with the 2M in capital funding there is unlimited potential. The key for Frank will be focusing the business on those few opportunities that offer the greatest chance of success and highest return for the shareholders.I am very interested to hear the details on how the funds will be used.
Paul
Let me end the speculation on the 5M added to the float recently. This was a conversion of restricted shares that I've held for almost 2 yrs. None of these shares have been sold, just converted to free trading. Paul
Sorry to disappoint the investor group here, but I still hold all of my shares. However, it would be good to understand who is dumping so many shares. Paul