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Hey AMPS, it's a given that it's foolish to have all eggs in one basket. That's why HIRU also has other customers.
But when WTER keeps handing you bigger and bigger orders, what do you do, turn them down? It's a great customer, until it's not...
Research? You might take a gander at my posts and see I've offered plenty of links to my statements and opinions. The stuff I posted last night about WTER (and their CPA) had not been "linked" on this board to my knowledge.
Good fortune to you. hL
You should consider some dymentia medication, as I've never said how many shares I have or had. ProphetOfProfits said he had about that many, and DatDude had that many once upon a time.
This is the third time recently you've mistakenly attributed something to me, or misquoted me.
Seriously, is it that hard to get into a doctor in South Texas?
hL
And just for fun on Prager Metis:
(WTER) was supposed to vote on Prager Metis as their CPA again for the coming year:
"To ratify the appointment of Prager Metis CPAs, LLC as our independent registered public accounting firm;"
https://www.otcmarkets.com/filing/html?id=16927150&guid=nO5-knKWhGQlB3h
...and here's the fun...
https://www.sec.gov/news/press-release/2023-214
SEC Charges International Accounting Firm Prager Metis with Hundreds of Auditor Independence Violations
Washington D.C., Sept. 29, 2023
https://protos.com/accounting-apocalypse-ftx-auditor-prager-metis-sued-by-the-sec/
Accounting apocalypse: FTX auditor Prager Metis sued by the SEC
___
I guess WTER might want to find a new CPA/Auditor?
hL
This WTER disclosure about Sept 14, 2023?
Going Concern
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has incurred accumulated net losses as of March 31, 2023 and the Company's Credit Agreement is currently set to expire on September 14, 2023, which raises substantial doubt about its ability to continue as a going concern. Management's plans concerning these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty."
......Prager Metis CPAs, LLC
We have served as the Company's auditor since 2019.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
...
NOTE 2 - GOING CONCERN
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates realization of assets and satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in developing its business plan and building its initial customer and distribution base for its products. As a result, the Company incurred accumulated net losses from Inception (June 19, 2012) through the period ended March 31, 2023 of ($137,078,578). In addition, the Company's development activities since inception have been financially sustained through debt and equity financing and the Company’s Credit Agreement is currently set to expire on September 14, 2023. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year from the of the date that the financial statements are issued.
The Company's cash position may not be sufficient to support the Company's daily operations. Management plans to raise additional funds by way of a private or ongoing public offering. While the Company believes in the viability of its strategy and its ability to generate sufficient revenue and to raise additional funds, there can be no assurances to that effect. Should the Company fail to raise additional capital, it may be compelled to reduce the scope of its planned future business activities.
The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan, to generate sufficient revenue and to raise additional funds by way of public and/or private offerings."
https://www.otcmarkets.com/filing/html?id=16871181&guid=nO5-knKWhGQlB3h
____
People that were paying attention (not me unfortunately) had this information months ago when the credit facility was extended for a short time. But according to the Annual 10K...they had not disclosed if their credit had been extended, and to my knowledge they still haven't....and until they do, I personally will question the future of WTER as we know it.
___
Seems to me that everything that has transpired in the last couple months began with WTER's problems...sending us into this tailspin of circus actions.
IMO. sigh. Just one person's hindsight. The coming weeks should be interesting. hL
I'd have to agree. They would have to hope for another extension, and then pull some pretty spectacular turnarounds in the next 6 months.
As it appears at the moment, they are headed for trading on the OTC at some point. (WTER) They need to address their financial condition publicly...I'm sure thats a "walk on eggshells" scenario if they plan to retain customers, operations, and a well received brand in Alkaline 88.
We can guess all we want about their condition, even do various 3rd party verifications, no product on shelves, our co-packer not getting paid...but aside from something very significant in their last Annual Filing...they haven't said anything else about their viability going forward.
If I was guessing, I'd say they owe HIRU several hundred thousand dollars.
Anyone heard anything verifiable from the other co-packers as to unpaid invoices?
hL
WTER "The Company intends to request a hearing before the Panel to appeal the Letter. While the appeal process is pending, the suspension of trading of the Company's common stock is stayed, and the Company's common stock will continue to trade on The Nasdaq Capital Market until the hearing process concludes and the Panel issues a written decision.
The Company is diligently working to satisfy Nasdaq's requirements in a timely manner. However, there can be no assurance that the Panel will grant the Company's request for a suspension of delisting or continued listing on The Nasdaq Capital Market. If the Company's common stock ceases to be listed for trading on The Nasdaq Capital Market, the Company would expect that its common stock would be traded on one of the three tiered marketplaces of the OTC Markets Group."
Gin. No lime, no tonic. :)
hL
$HIRU Looks like MIRO is suing them again too now LMFAO @JolTrades you still going all in?????? Posts like this show me people are finally starting to get it. Not just a handful of us anymore although. pic.twitter.com/BYPZp8bNsb
— Gin & Chronic (@BlowCokeUpMyAss) October 11, 2023
You got me, it's a tangled web of power struggle and ego. Everyone has an agenda, and it's hard to know who's who, or what's what.
Cue the Benny Hill music. :)
hL
Cue the circus music:
Good one!
— The Doctor (@ChampionPengys) October 12, 2023
You deserve to have lost your core at .0014 today, when you could have flipped much higher.
Shame for such a stellar flipper. Now that's something to cry about.
hL
Genius, 3rd Q Revenues aren't known or filed until November 15th due date. But it's a given it will be down considerably in July/Aug/Sept.
Check your facts before you quote people. Unless you don't mind others doing the same to you?
hL
No, is was not me that said that. Here's what I said:
"HIRU's same quarter Revenues were approximately 51% of what WTER did in the same quarter."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172878759
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172859724
"HIRU Revenues grew to represent approximately 39% of WTER Revenues in our 1st Quarter."
https://investorshub.advfn.com/boards/replies.aspx?msg=172861797
I never said that " it was only a smalle potion of their revenue."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173008692
___
Never was one for skim reading.
hL
$shmn SOHM Collaborates with University of Arizona Center for Innovation to Advance ABBIE, a Groundbreaking Non-Viral Gene-Editing Technology
https://www.globenewswire.com/news-release/2023/10/10/2757629/0/en/SOHM-Collaborates-with-University-of-Arizona-Center-for-Innovation-to-Advance-ABBIE-a-Groundbreaking-Non-Viral-Gene-Editing-Technology.html
It looks like most of the boxes (5 pallets) are all the same size, which leads me to think more like vials/tubes for topicals. The last pallet has different labeling/boxes, or it's rotated to a different side of the stack. Not trying to be a forensic box scientist, it's just what I see in the video.
Who knows, but we'll probably find out at some point.
hL shmn
Has anyone mentioned the 6 pallets of boxes yet?
Not sure what they are for, maybe the "first engineering batch run?" Something else?
Some new chairs? Potato chips? Vials and tubes for topicals?
While work at the pharmaceutical facility is underway (Topicals), here are some inside virtual tours. We plan and anticipate the first engineering batch run at our pharmaceutical unit in the month of November 2023.$SHMN pic.twitter.com/Efmd9J4Y4H
— SOHM, Inc. (@sohminc) October 6, 2023
Well then I sincerely apologize for my mistake. I don't like it when people make the wrong assumptions about me either.
You were probably puzzled as to why I called you Cal Cal the other day?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172740160
That guy https://twitter.com/Calcal73591784 seems to be an ardent and vocal hater of HIRU and "the gang."
He disappeared from Twitter about the same time you posted here for the 1st time back in April, and he was gone for about 6 months from Twitter, and showed back up on Twitter, right about the time of your 2nd post.
What I don't understand, is how you seem to have the inside track on all these bombs dropped (true as they are) recently, when it wasn't on the radar here or Twitter? Since it's not you, hopefully you would agree it's uncanny.
1. Does anyone know details about a lawsuit filed by Bayern Industries LLC against Hiru and AZ Custom Bottled Water?
2. Is the Denman facility for lease?
3. Denman is closed?
4. Doing more research and found 4 lawsuits involving Hiru and AZ Custom Bottled Water.
https://investorshub.advfn.com/boards/profile.aspx?user=833673
All negative bombs that were dropped, and if I remember correctly, it was all at inopportune times...
To your credit, today's post was a little more optimistic. Something from HIRU and WTER's filings.
In your public info searches, have you not found anything positive to post about, and why didn't you post it?
Not trying to grill you, but maybe you can see where I'm coming from personally?
As for the future, I don't think anyone here including myself would object to you posting anything you want, especially if you have "the inside track."
Gin n Tonics.
Well? If it's you, just say so. If it's not I'll gladly apologize for my assumption.
If it is or isnt you...then I'd be really interested to know how you've got the inside track?
hL
I was doing some research too, and it seems like you might be this guy?
https://twitter.com/Calcal73591784
__
or not?
hL
"he said when he dumped we would know it."
You're putting words in my mouth. Care to take them back? Care to find a post where I said that?
Read your words...you said them.
Ask him about SYFOVRE too.
____
hL
I am? I did? Ask your Dr. about Aricept.
Or Paroxetine maybe, or both.
hL
Correction to post yesterday. Assets went from 5M to 8.2M, an increase of 3.2M. (Not 4.7M as previously typed.) From 3Q22 to 4Q22.
So "Denman" Increased our Assets by 3.2M. (Other Assets might be included in that figure too, not sure what other equipment they purchased that Quarter as the Fins don't itemize except to say "Property, Plant, and Equipment.")
Apparently we've still retained "significant equipment and high end customers from the Denman operation..."
https://www.otcmarkets.com/stock/HIRU/news/HIRU-CORPORATION---Future-Direction-of-Operations?id=416626
__
hL
06 Oct, 2023 6:00am - HIRU CORPORATION - New Product Branding on the East Coast
https://www.prnewswire.com/news-releases/hiru-corporation--new-product-branding-on-the-east-coast-301949165.html
https://www.otcmarkets.com/stock/HIRU/news/HIRU-CORPORATION---New-Product-Branding-on-the-East-Coast?id=416641
PHOENIX, Oct. 6, 2023 /PRNewswire/ -- (OTC MARKETS) – Hiru Corporation has initiated its plans of action to develop a larger revenue base nationwide with new facilities on the East Coast and new water products.
The Company has now consolidated its West Coast operations to its Glendale, Arizona facility to lower its cost to produce, while maintaining its large and growing customer base. With this consolidation plan completed, the Company will now focus on developing its operational footprint on the East Coast through agreements with co-packers and the eventual development of its own production facilities strategically where the demand for our type of products is already in place. Additionally, the Company is going to produce two new products which are distilled and spring water. The demand for distilled water has risen nationwide due to a shortage in availability due to population growth and industrial expansion, limited production capacities, supply chain crises, shortage of packaging materials, and contamination of the water source.
Kathryn Gavin (President and CEO of the Company), states…"As we are currently finalizing the changes to our West Coast operations to lower costs through consolidation of operations to our Glendale location, we are also moving forward with our plans to increase our operational footprint on the East Coast. As we have previously announced, we are currently starting production of distilled water products for our West Coast customers. As research shows, there is a large and growing demand nationwide for distilled water in a bottle. At this same time, we are currently in final negotiations to secure an agreement with a co-packer in the Northeast of the United States to produce a private label distilled water to be sold to big box retailers. This same Northeast location will also produce our planned spring water products as well to be sold to the same customers. In the end, our plan is to operate our own facilities on the East Coast. The initial locations, which are being formalized right now, will initially be a large facility in the State of Florida where we feel there is the largest demand right now for bottled water products. We will release the details of this East Coast push as they occur. Again, we are looking to increase top line revenue and add as many new big box customers as possible to stabilize and lower the volatility of our quarterly operations."
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future?strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.? In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. ?Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.? We caution investors not to rely unduly on any forward-looking?statements.
ABOUT US
Hiru Corp. is a Georgia corporation, is a public quoted Pink Sheet OTC issuer under the ticker symbol "HIRU" (the "Company"). The Company reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (e.g., Pink Sheet Current). Currently, the Company has one wholly owned, operational subsidiary, AZ Custom Bottled Water, Inc., a Nevada corporation ("AZ Water"), which owns and operates a commercial water bottling and labeling facility based in Phoenix, Arizona. AZ Water operates a B2C website at https://azcustombottledwater.com/.
CONTACT:
5524 North 51st Ave
Glendale, AZ 85301
Web Site: www.waterandiceshop.com
Twitter: https://twitter.com/Hirucorpnew
SOURCE Hiru Corporation
Denman of California - Looking at the filings, it's hard to say what we really "paid" for Denman.
I know it was "valued" at 7M. The filings don't show us borrowing anywhere near that at that time, or a huge outlay of Cash.
Of course the OS did go up 193,000,000 shares between 9.30.22 and 12.30.22. Some to you know who.
All of these things combined doesn't come close to paying 7M for Denman's "valuation."
Hard to say what HIRU really "paid" for what now, was basically the use of that facility for 10 months. The filings show it produced likely significant revenues, as they were shipping truckloads of product from there. And now we're left with unpaid/late paid Invoices from A88 presumably? So did we get an ROI? Hard to say, but we did get some equipment from it in AZ. :)
Of course that's worth something in future revenues. All irrelevant now, as she's consolidated everything to AZ. (Information we should have known long ago.) I get her logic I suppose, IF the East Coast transpires. As usual, we only have limited pieces of the puzzle, and they are slow to trickle in. Although I'll admit, she was somewhat chatty Kathryn in last night's PR. (Punctuation and all.)
Buybacks. They need to show up as a reduction to the OS this Q. Speaking of "in the know ground troops..."
cCalahan (CalCal) in the know again...
__hL
Salome Water and Ice - It looks like we paid for Salome with 25,000,000 shares on 7.14.21. SP at that time was around .01. ($250,000) Not sure what the Seller got for the shares eventually. Salome did $600,000 in Revenues in 2020.
More important to me is if the sale of Salome is related to what Joel owes Hiru/AZ Custom? (Speculation)
https://www.otcmarkets.com/stock/HIRU/news/HIRU-CORPORATION---Acquisition-of-Salome-Water-and-Ice?id=311969
Guess we know now, why the website's been down since August...
http://www.waterandiceshop.com/
__
I have no guess on what Salome was sold for, or how that was structured. Looks like it was one of several balls in the air, A88, Joel's Dockets, AZ's Dockets, Denman, Salome, Distilled Water Equip Install, East Coast negotiations, AWON, etc, etc, sheesh.
hL
Well he's going to have to stack a lot of pallets to make up for that kind of jack.
As always, there's probably a tangled back story. Wage garnishment?
Head scratcher. But the courts show he has bigger potential problems than the AZ judgement. Oh the humanity.
Maybe we wouldn't be talking about any of this if it wasn't for WTER's "issues."
(?)
Might start my Friday Gin n Tonics a day early. hL
Based on the timing, it appears that WTER's "issues" became our "issues." imo.
3 Lawsuits after WTER's letter in August.
Even more puzzling to me is why AZ Custom Bottled Water Filed Complaint against their very own Joel Natario in October 2022, and won a Judgement against him recently for $214,000 and no one seemed to mention it once in almost a year since it was filed. Unless I missed it. The only one mentioned here was the Bayern Lawsuit. (brought to us by CCalahan)
Wonder if Joel has any money left from the sale of his house a few months ago...
hL
My understanding is they bought the Denman business. (Water Bottling Plant)
Not the Real Estate, imo. I don't know what Square Footage they still occupy there, if anything. I don't know the disposition of their Assets there. We won't know that until she speaks, and we get a new quarterly filing.
The scenarios you presented could be possible, we're in the dark until she explains her plans.
What I do know is that if she has Sold anything in CA, she's duty bound as CEO, and according to OTCM, to notify us within 4 days of the Material Event. (Although half these OTC CEO's fall short of that time frame.)
My guess is she's going to attempt a PR that lumps a few Material Events into one communication. All imo, and what I'd personally like to see. Respects. hL
https://www.otcmarkets.com/learn/reporting-standards
Current Reporting of Material Corporate Events
In addition to the disclosure requirements above, companies are expected to release quickly to the public any news or information regarding corporate events that may be material to the issuer and its securities (including adverse information). Persons with knowledge of such events are considered to be in possession of material nonpublic information and may not buy or sell the issuer’s securities until or unless such information is made public. If not included in the issuer’s previous public disclosure documents or if any of the following events occur after the publication of such disclosure documents, the issuer shall publicly disclose such events by disseminating a news release within four (4) business days following their occurrence and posting such news release through an Integrated Newswire or OTCIQ.
We've already taken a 50% haircut due to Alkaline 88 "issues."
WTER is at new lows today.
My guess is that Kathryn is dancing around and delaying what she says about them. (Maybe waiting for them to make progress and say something first?) It's a two-edged sword. If your largest customer is having an issue, or you are having an issue with them...I'd guess it's a tightrope as to what you say, and when. Can't kick them when down, or in a slump for whatever reason...and turn around and expect to be number one co-packer in the future.
My opinion is that's why she hasn't said anything else about them, even though she said she would 2 weeks ago. But she did say this today, although the person who Tweeted to her has deleted their Tweet, and I don't know what it said:
Alkaline 88 will be mentioned
— @Hirucorp (@Hirucorpnew) October 5, 2023
"The Company purchased the water bottling plant in Roseville, California pursuant to an agreement for both cash and equity ("New Bottling Plant"). The value of the New Bottling Plant is approximately $7M USD. The New Bottling Plant has the following material benefits to the Company..."
So the "value" of the Plant (Equipment/Business) was 7M. Assets went from 5M to 8.2M (increase of 4.7M) between the filings of 9.21.22, and 12.21.22...between the time of the PR you posted from 10.20.22.
So HIRU "owns" that Asset.
So either they still do.
Or somehow it's being sold or leased to "Well Above Packaging LLC."
Or they are expanding.
Or they needed the cash and are regrouping.
Or unknown, yet to be divulged.
https://www.otcmarkets.com/otcapi/company/financial-report/351179/content
https://www.otcmarkets.com/otcapi/company/financial-report/361207/content
__
hL imo...Guess we'll find out.
That website has been down since before August 10:
@hirucorpnew $hiru
— Dave (@hardlesson1) August 10, 2023
Website updates coming?https://t.co/bNqQ8KAzL0https://t.co/sf3dlZPVUB
That does help. Thanks for that explanation and sorry for not responding sooner.
hL. Hiru
+20% Close .0030. Good weekend all. :)
hL hiru
50M .0008 X 9M .001.
Flippy buying .0009 and selling .001.
hL
It's only 9:30am in Arizona now, so any of those are possible. She has probably just finished her last cup of coffee.
I jokingly said last week that next week, was 2 weeks, so I'm having Gin n Tonics regardless. :)
I like your list of coming news/updates too, btw.
hL hiru
Our newly appointed COO David Aguilar, and VP-Quality Dewey Rushing had very productive brainstorming session at San Diego yesterday.
— SOHM, Inc. (@sohminc) September 27, 2023
We are highly encouraged and upbeat about the progress and upcoming actions.$SHMN pic.twitter.com/7MLQCl3KdV
BioMedNewsBreaks – $SHMN Announces Acquisition of World-Class Gene-Editing Platform https://t.co/ReGl095T4E pic.twitter.com/F0Se6iYKB2
— IBN (InvestorBrandNetwork) (@IBNMediaNetwork) September 27, 2023