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Looks like I'm soo deep in shit I'll just use this turd to offset any gains on future profits. This thing is a train wreck.
I agree. I think we're gonna see a few months of just retail trading. We haven't seen what this stock can do on big news with only retail in the mix. I hope the company is ready to start dropping some bombs now.
Nope. The remaining debt is in form of old loans that haven't be recalled in forever. There has been only 1 new note on July 2016 and based on the new O/S count it's now paid off. There is no other convertible debt per latest quarterly report.
Thats awesome. Looks like you're the first to get a true share count since i've been here...over a year now. Should be interesting to keep a watch on the O/S from now on.
Thanks. Looks like this coincides with the July 2016 note. Max shares they could have converted was about 14m with my calculation but looks like they got about 15m in the end. Based on this knowledge I think we can say that note is done but if not they can't have more than another couple million shares.
Two things I find curious...
1. When the TA was ungagged? ...I haven't tried checking in months. I have a feeling they must have just recently ungagged the TA. They are starting to feel confident about controlling the O/S maybe?
2. Most of the volume appears to be retailing buying the new shares. Hardly any retail volume.
Looks like your luck finally ran out eh?
Yeah looks like it. First time i've been able to see a response from the TA
It's def the July 2016 note. There is no other note that could have caused that many shares to be issued. Good news is I think they got all the dumping out of the way. We probably have about 6 months of just retail trading before they have to look into issuing another note if they don't get some cash from PPG or IF.
No. Trust me. The shit storm the last 3 days have been from the July note. There was no other significant note prior that hasn't been already converted. This is the only significant note post RS.
No the maturity dates have always been in regards to the length of time they have to pay back the loan unless the lender converts which is the same thing as paying them back.
All the notes for HCTI have been pretty much like this. I've watched them go from 300m O/S to 1.6 billion in about 5 months on brand new notes.
Maturity date is when the amount borrowed plus interest is due. The lender can convert the shares at any time. It's pretty obvious they waited for the PR's.
In July 2016, the Company entered into several convertible note agreements with a third parties with a total principal balance of $414,000, annual interest rates ranging from 6% to 8%, conversion rates per share equal to 60% of the lowest trading price of the Company’s common stock for the twenty prior trading days, and mature in July 2017.
The lowest priced shares they could have received was around 3 cents. The most amount of shares they could have all received was around 13.8m shares.
IMO all trading below 3 cents is retail. They should be pretty much done.
good news is we had about $550k in dollar volume in the past 3 days. Haven't had that much in a long time.
Gotta be in it to win it when it hits
because we are always 1 quarter away from becoming millionaires? duh
2 to 3 cents is the lenders break even from my calculations. Those .01x shares are mostly retail bailing like Skiluc :)
I admit that's pretty funny.
Like the floor of this stock would disappear cuz you're announcing the sale of your 500k shares when the lenders just unloaded 10 million the last 3 days.
Would be nice if HCTI disclosed the payment schedule. My guess was 90 days. I am not going to get my hopes up too much for this Q but this means they could get a huge check by EOY.
I think the 17k revs from last quarter could have been the first payment coming in unless industrial finishes bought a little more but I really doubt it since they bought an entire container last time.
Next Q report I expect some decent amount of revs. I'd say anything less than 50k is just completely unacceptable for 4-5 months of ramp up time. For a 20m/y agreement i'd expect 3 or 4 million dollars for the first solid quarter.
I have no reason to not believe them at this point. The CD is the only thing that sucks ass right now.
When the revs do hit and the CD disappears...bet your ass this thing is gonna take off into the dollars...especially with ~25m O/S and more F500 deals coming...
In a way I am gambling on them. It's either bust or retirement.
It was only 1 month ago when the company stated a new product was finally going into 4000 stored in Mexico with a second product later this year.
If by EOY they don't get a couple big checks...i'll finally admit we've been had. 4 months is more than enough ramp up time to get a piece of a 20m / year agreement.
What just because they issued out 10m new shares? Nothing has changed except they started up the printing press again and everyone is pissed at the price.
Once we see some significant revs from the PPG product(s) 10 cents and even 50 cents a share will look cheap.
O/S is probably more like 20m right now.
We were at 1 cent a year ago with over 300m O/S and the company is light years ahead of where it was a year ago. The market cap is just too tiny to absorb this CD like it did a year ago.
Their 5 year projection is 500m in revenues. It could be less or more. If they get even half of that you're looking at a NYSE company with a market cap in the billions.
The first PPG deal will be enough to cover all costs for their operation with plenty of extra cash left over to pay off their debt. I really think they can get to this point by EOY. The OS will stabilize and the price should appreciate quickly :)
Those talking heads will be the loudest when their business is threatened. They are all delusional. This is why I take everything spoken about from big money with a grain of salt because they are only interested in their own reality.
You know things are about to fall apart for them when the EPA gets on board with a nobody company, a 90b dollar lawsuit is filed by the US Government yet the biggest companies responds with "claims are meritless". Those F500's that are onboard with HCTI might be proactive enough to avoid the hammer.
You're absolutely right about corporations running the US government but there is always a balance of power to be. The government is going to come back at you when cases of injury and death directly related to isocyanates are stacking up and there is a safer alternative. The politicians elected to office will throw anyone under the bus to make it look like they are innocent before too many people revolt against the government and it blows up onto the front page.
The government is the peace keeper. When a small group of corporations make the entire government look bad...it hurts all corporations. There is much bigger money behind that lawsuit. Dow is just a grain of sand. That's for sure.
Billions in profits diverted on litigation and products being pulled off of shelves will force the hand. Their days are numbered. Those too slow to react will lose the most. The game is over when the government is going after you.
Epa award and news of distribution agreement and f500 product development that took months to complete which eventually did. 1.3 billion shares printed to mainly pay for consultant fees. It took us down 98%. This isn't the same story as before at all. We've got major revs coming shortly.
I remember you were one of our biggest skeptics. What has changed?
I see the end game of 4 possibilities.
1. The day they start getting their first royalty checks from their F500 partnerships. They get away from CD is the day this stock appreciates to it's true value (who the f knows...100m+ cap??? It will grow as the revenue does). HCTI did not dilute post R/S with 8mo/s we'd be at over $1 easily just based on the volume. They should have held out a few months for much higher prices before getting into more CD. This was completely avoidable. This stock is going to do AMAZING once CD is gone. That is the only thing holding this stock down right now. The only question is how many shares are going to be diluted before the company can function solely on revenue? I have done the math before and it may take another year before the company prints out 100m shares. If PPG is putting a product on the shelves as of 3 weeks ago then we are on our way to eliminating CD by EOY just like they company has predicted (significant revues by eoy).
2. We get so much dollar volume from speculation that the stock appreciates on it's own regardless of past dilution, zero revenue and massive debt. This would be comparable to many biotechs that have a promising drug. In our case we don't need lengthy FDA approval. EPA already greenlit the product. The company continues to dilute but at a much smaller scale with a larger market cap. Eventually the company succeeds in obtaining revenue streams from their partnerships.
3. Somehow all the new legislation and litigation thrown at the big chemical companies not on the side of HCTI ends in complete failure due to politics or market forces. Highly unlikely option. There is a shift to green polyurethane. Government will push public education. The green polyurethane will naturally be what consumers buy if cost and performance is the same.
4. HCTI has enabled the EPA, Industrial Finishes, PPG and among other big names into an elaborate scam. Again. Highly unlikely. There are too many big names. They aren't stupid. This product is real and from the looks of it the US Government is telling us the change is upon us.
Not sure if anyone has noticed but why isn't PPG and every other Polymate partner isn't listed in the lawsuit? PPG should be just as responsible for selling products with isocyanates as the next guy but they got a pass. I don't believe in coincidences. Could it be that PPG among others such as Sherwin Williams and Akzo Nobel were able to avoid this litigation by being proactive by working with HCTI?
The fact someone took the time to write that is a good sign. Doesn't matter what the article is about. We just need exposure. Badly.
People can think what they want about the dilution. The reason why soo many shares needed to be printed is cuz of it's low market capitalization. If we were at 100m cap we wouldn't be complaining about dilution.
Maybe this suit is what we need to get people thinking about the big picture.
about $125k in volume Thursday...the day of the news. Today was about double or $250k. I don't think this stock has seen this much money in 2 consecutive days. Will we see $500k traded on Monday? I think this bit of news could spark some viral buying. It doesn't matter if HCTI had to issue out 20m new shares. Nobody is gonna care when there is this much speculation going on.
64% buy volume. Volume before price?
if this pr came out instead of the ppg...we'd prob hit a dollar with this amount of vol. unfortunately the company had to issue out at least 5m shares from the looks of it. It's gonna be much harder now to climb up but if we keep getting this amount of vol we'll get there.
i did say before this will look cheap at $5 one day. lmao
someone throw a million at this ticker already. jesus
we just need investors from all those big chem companies sell a tenth of a percent of their shares and buy some HCTI. We would be at 37 dollars in half a day. lmao
Man I gotta say this new case is gotta be one of the biggest FCA i've seen. The NY law firm is representing the US Government ffs. This is bigger than the BP gulf oil spill ffs. How is this not like asbestos? O_O
If it's ever gonna happen it's gonna be now.
20k shares will probably do it if you can wait another year or two.