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You're only correct for one year.
BASTILLE ADVISORS is run by Roger G Coleman
If you do a quick Google search for him, the top results are all linking to SEC indictments and injunctions against him for big board securities fraud.
I'm guessing having this guy around is not a good thing.
Assuming of course, that most of the OS is tradeable float. It is equally likely that the company and their crooked partners own enough of the OS that a buyout can never go through.
By leverage, do you mean how out of the 263MM OS, HNS Fund owns 38%?
This had absolutely no shot of going through.
Actually no one wants your shares. That's why the volume is so low.
Not for Limitied Information Pink stocks.
You need to seriously learn how this works.
agreements to tender 61,962,250 shares were received which represent 23.5 percent of the 263,833,333 of the most recently reported outstanding shares.
They still won't confirm the CURRENT OS
I don't think you are being very accurate.
100MM shares of HNSS are not accounting for the gains that the fund claims. The PPS didn't appreciate to a level to allow that. In fact, I would wager that the fund is at a loss on those shares.
There are probably other investments accounting for the gains.
I can understand if you want to say that the company is lying, I can't prove that wrong. But I can provide a lot of evidence against the fund reporting a $1MM gain off HNSS shares.
Don't go crazy Lannes, I'm pretty sure he is joking. :)
I think you misunderstood. They didn't ONLY buy HNSS common stock, they had other investments as well.
So, is this PR saying that the OS increase during the first half of the year was because HNSS sold their own shares to their own investments division?
That implies the tradeable float is still the same, and should lead to an increase in pps
No it isn't. A short is a person who shorts the stock. Traders give it liquidity, and provide people with enough volume to exit. Face it, the only people buying this, are people who already own it and are digging themselves further in the trench. No new money is coming here.
I had totally forgotten the MBW sale, that adds another layer of complexity. It just keeps coming back to the lack of information.
That's something that didn't really jive for me, either.
For the 'weigthed average' to be so much lower than the previous reported OS numbers, the actual OS at the end of 2010 would need to be much lower than the reported 170MM. It just doesn't seem possible.
It also, would mean that more shares were diluted than traded during the quarter. Which is in line with Punk's note about the restrictions expiring.
I don't know what to make of the numbers honestly, but hopefully the company can and will clear this up soon.
Let me know what you think, but remember, there is no disputing the fact that AT LEAST 90,000,000 out of the 103,817,700 shares traded in Q1 were sold by the company to dilute the share structure.
Possible HNSS Share Structure
At the end of the year 2010, the company reported a 'weighted average' OS of 170,833,333.
Assuming that the company was not lying, and because of the reductions that had occured during the year, it is very likely that the actual OS at this time was around 130MM shares.
On July 11, 2011 when HNSS filed its Q1 2011 results, the 'weighted average' OS was stated to be 263,833,333. Again, with the same assumptions, and accounting for the 'weighted average' language, the actual number is likely closer to 280MM shares.
BEST CASE, during 1Q the company diluted by 263,833,333 - 170,833,333 = 90,000,000 shares.
MIDDLE CASE, during 1Q the company diluted 120MM shares
WORST CASE, during 1Q the company diluted by 280MM - 130MM = 150MM shares.
Now, the total traded volume during the 1Q was 103,817,700 shares. This is far below both the middle and worst cases, so those scenarios can be thrown out. But even our BEST CASE scenario, leaves only 13,817,700 shares traded that did not come from company dilution. That is only 13.3% of the traded shares. So, according to the BEST CASE (it is not possible for less shares than this to have been diluted, without the company lying), 86.7% of the traded shares was the company diluting.
During 2Q, 437,114,100 shares were traded. If the same statistics from 1Q apply to 2Q as well, then 378,977,925 shares could have been added to the OS in 2Q.
So, the current OS is somewhere between 263,833,333 and 642,811,258.
That is speculation.
It is fairly easy to separate bashing short-sellers from disgruntled longs.
You seem to have a tough time with this, however.
You post some of the most blatantly false statements I have ever seen, so.... Yeah
Some people are really dim.
I don't think there is any hope for you...
Kudos for what? This is still 16% under what it was last week, and there are still 100MM more shares in the float than there were at the beginning of the year.
That was in the Q1 financials about 4 months after Black kept saying they didn't need to dilute, and that the shares weren't coming from the company.
SURPRISE!! The company dumped over 100MM shares!!!
You really have no idea how this works. He doesn't issue shares to HIMSELF, the company sells them into the market.
That defense is flaky at best. HNSS could easily change their TA, or just provide the numbers themselves if they wished.
his golf swing
I sold on the first run up into the 4's coming in to the disclosure date.
I had bought in at .013, got out at .024, bought back in @ .021, then rode that down the the 00s. I continued buying to average down as the company kept releasing positive PR's.
When the pps dropped under 006, I bought more to get the average down to 009 and then when it came in to the 004s I started to have doubts. I played for a bounce in the 001s and more than doubled my position, got my average down even more.
I finished off with a .0036 average and sold out the whole lot @0041 and 0044 during that run and ended up positive. For what it's worth, my sell went through immediately at the ask so there wasn't any dilution going on at that time.
I'm still watching to see what happens, but at this point you all know my opinion on the company and its management.
No, your logic is correct. The problem is just that lack of transparency to confirm what the company is saying.
Unlimited (10Billion) Shares Available @ 003
How can any dilution be good in a company with a CEO who has repeatedly stated that the company is not/has no need to dilute?
Are you in agreement that Black is a liar?
An OS that increased by over 100MM shares from July 2010 through July 2011, and the company reccomending that shareholders decline a buyout offer of 2.5x the pps.
Black is such an idiot
None of that is proof. It is just you trying to distort the situation to fit your opinion.
But your mouth is stating things that just aren't true.
What net reduction in shares?
7/15/2010
“…sold an interest in MedBioWeb, Corp., in exchange for 150 million shares of its common stock, thereby reducing the actual issued and outstanding shares of Healthnostics, Inc., to 155,857,509.”
From 7/15/2010 to 7/15/2011 the OS INCREASED by 130MM shares.
The net reduction in shares outstanding over the last year is real.
Again, look at the post history. The people asking these questions have put in their time. It's time for answers.
No one here is trying to drive the price down, they are asking legitimate questions that Black needs to answer, has promised to answer, and has failed to answer.
No it isn't. Look at their past PR's, then look at the Q1 report. There are several red flags there.
Look at my history, I spent the better part of a year supporting this company. Lack of information hurts pps, not people like me who request information.
Yes. I think that is appropriate at this time.
So, can we finally start calling this a scam now?
That 100MM share increase was a nearly 60% increase from the end of year "Weighted Average" OS. Not exactly on the up and up.
I'm just glad I traded myself out in the black during the run to the 4's coming into the 'disclosure'. I had planned to come back when it fell to the 2's, and still might if there looks to be an upside, but this is a trading stock now and will never be a hold for me again.