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Tier change. Pink Limited to Pink Current as of today.
https://www.otcmarkets.com/stock/rnva/profile
By reading this new amendment you can calculate the amount of outstanding shares as of August 30th 2019.
26.86 % equals 2,500,053,384 shares. Outstanding shares as of August 30th 2019 => (2,500,053,384 / 26.86) * 100 = 9,307,719,225 shares=9.3 billion
If the authorized shares count is 10 billion then it must be pretty much maxed out by now.
From the start HCTI was constructed in such a way to use shareholders of the public company as a cashcow to make their non-isocyanate products known throughout the world. They had 10 years and in those ten years there has been no growth of the company: the same people running the show. Josef and Darin have succeeded: they can now continue with their private NTI as if nothing happened, but their product is now out there and known.
The domain name hybridcoatingtech.com has been renewed for another year. It looks like the company is not letting go of hybrid coating technologies just yet.
https://www.whois.com/whois/hybridcoatingtech.com
The domain name hybridcoatingtech.com is set to expire on July 21st. Is Kristul going to renew this for another 2 years or will he just let it expire? Something to check for in the coming weeks.
What people need to realize is that EGOH had two $5 million dollar notes. One $5 million in MDCN and one $5 million note in NWPN. This is the amount of capital you see in the Nevada filing. If you take over a company with these notes then you as private company should be worth at least that amount of money or more. The private company will be bringing in capital of itself also. You can't take over EGOH if you as private company are worth nothing. It will be interesting to see how much capital Green Stream Finance will be bringing into EGOH. This comes on top of the $10 million they already have.
The par value at $ 0.50 for 500 million shares for the private company is quite high. See https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=240203175060252011130002023079079150243210077152 (Click Additional Details) .
The next reporting period is officially around mid March. So EGOH will go from pink no information to pink current within a month.
Those complaints are for the green stream lending website, not green stream finance. Different companies.
In my former posting I mentioned the electrical potting. When you go to http://nanotechindustriesinc.com/company-history.php you can see that they mention the electrical potting and that it's currently being sold. The nanotechindustriesinc.com website is updated in 2019 while the hybridcoatingtech.com website is still on 2018:
"In addition to a pipeline of market-ready technologies, NTI's priority technology is Hybrid Nonisocyante Epoxy-Polyurethane (HNIEPU). HNIEPU coatings and composites such as electrical potting are currently being sold in North and South America and Europe while the company’s HNIEPU foam is in development."
The announcement from HCTI seems to suggest that we won't have to wait very long for a follow up. They must have a solution already as they had months and months to come up with something.
Also according to this press release the three year distribution contract with Industrial Finishes for True Green Poly has ended or close to ending as it has been three years.
https://globenewswire.com/news-release/2016/01/13/801711/0/en/Hybrid-Enters-Into-Definitive-Distribution-Agreement-With-Industrial-Finishes-Systems.html
Darin has stepped in last year to communicate with shareholders and somewhat assumed the position of CEO as there has been no real communication from Joseph. It would be logical to have him become a temporary CEO tasked with getting the company current and up to date with filings. In the meantime the company could search for a longer term replacement.
Hi Sharpei,
Thank you for your lengthy explanation. Inventive Solutions sent this tweet
out about Spider Resins and that it's available in the USA with a partnership with Hybrid Coating Techologies.Spider Resins are available in Europe. And available in USA with a partnership with Hybrid Coatings Technology.
— Inventive Solutions (@BarthelBernard) October 23, 2018
The latest newsletter which showed that HCTI signed an LOI with a partner for zero bpa epoxy technology can very well be Inventive Solutions. Check this tweet on October 24th 2018 by Inventive Solutions and the tweets after October 24th 2018:
. I also found another Inventive Solutions twitter profile on https://twitter.com/barthel_bernard which mentions waterproof membrane, electrical potting, zero BPA and non isocyanates and that they can offer this solution in Europe. Check their latest tweet on December 19th 2018:Spider Resins are available in Europe. And available in USA with a partnership with Hybrid Coatings Technology.
— Inventive Solutions (@BarthelBernard) October 23, 2018
. This means that the HCTI zero bpa epoxy technology, which they mentioned in their latest newsletter has formally been launched. This would make two official partners with joint patents in the public domain, PPG and Inventive Solutions (not mentioned yet by HCTI). On another note, surely big companies like PPG must be aware of the financial troubles of HCTI. Why aren't they making a move on getting these patents for themselves knowing that HCTI is barely surviving and hanging on for dear life? Even with the way HCTI is constructed by licensing the patents from NTI there must be options for them. The market cap for HCTI right now is $ 1.47 million, which is ridiculously low for the best non-isocyanate (HCTI) patents that will earn possibly tens/hundreds of millions in the future.We could offer this solution for European electrical potting without isocyanates and without BPA used in epoxy system. https://t.co/3HKzQNQiIj
— Inventive Solutions (@barthel_bernard) December 18, 2018
EGOH: getting current with Nevada costs $ 6300 https://www.nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=ASSSCzNzM0IV3WlExdFufw%253d%253d
MDCN: getting current with Nevada costs $ 47500 https://www.nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=wvKcAdrZAXlb1M4YapqPXg%253d%253d
It costs a lot less to get current in Nevada for EGOH and it would be something concrete for shareholders.
"Struggling but not defeated in any way" is a good way of saying that the company will not give up any time soon.
A waste of resources indeed. By the end of this month the Nevada license must be paid or their business license will be revoked automatically. Of course they can pay afterwards, but the pressure on them will be even greater.
Good point. In the case of VS where clothes are causing rash/complaints, the NDA is understandable, but still not sustainable in the long term. Information about new products without volatile compounds will get out eventually to the public.
It is clear to me that Elite Crete is one of the companies on the NDA list of HCTI. The Elite Crete Armament SR-7 SDS for the hardener was printed on December 1st 2017 (uploaded on February 2018), that's a little over 10 months ago. http://www.elitecrete.com/wp-content/uploads/2018/02/SDS.475-ARMA-MENT-SR7-Part-B.pdf
So, Elite Crete has been making money with their new product with the HCTI hardener while not giving permission yet to HCTI to make this information public. After PPG Comex, Elite Crete is the second one who uses HCTI products. You can't get increases in sales if the companies you're working with, put out products with your product in it, make money on them and still demand that you not divulge their names in public because of the NDA.
I've mailed Darin that these NDA's should have been made less stringent. After all, these companies are making money using HCTI product and their names should be mentioned on the HCTI website as a customer or partner. As a growing company this information is crucial for investors. You can't get many sales if the companies in the world don't know who you're working with, who uses your products and whether your products are any good. This is something to keep in mind for investors in HCTI. I'm sure a lot more companies will be popping up using HCTI products after searching the web and doing some extensive dd.
It looks like we're going to get another newsletter within a month but no mention of when financials will be done or completed. In the meantime getting current with Nevada is going to cost an extra $ 11125 (annual list due 11/30/2018) making getting current with financials and Nevada cost over $100000.
Too much fuss about nothing. Everyone knows the financials would be bad. He just did a JV with RMRK and when these greenhouses are built/the strain is produced we'll have a different story. It's just beginning.
It's amazing that with this product and being incorporated since 2007 as a business that HCTI can not show the world through filings that they are making any money. Headscratcher for sure.
Yes, within 2 weeks the name of the JV partner of MDCN will be made public. EGOH will benefit of MDCN going up with its investment in MDCN. Another $10 million NWPN note in the pocket. An interesting two weeks ahead.
Correct that the site can be updated while being online. That's why I added that 9 hours is too long.
Probably updating the website. 9 hours offline already is long though.
Even if they file the 2017 financials they will still not be current as they need the 1st and 2nd quarter of 2018 to be filed as well.
The company is lacking personnel and financial resources to really move forward which is obvious because of the time it takes to file the 2017 financials. The company keeps struggling but they can't last this way. There's an opening for big chemical companies with big pockets to do a take over bid to get these non isocyanate patents which could be worth a lot in the future. It's amazing that this hasn't happened yet with the current status of the company and its lack of said resources.
Besides a 5 million dollar note in MDCN, EGOH also will have a 10 million dollar note in NWPN. And by the looks of it, NWPN's share price is rising as well on the speculation that cannabis related activities will be coming to NWPN as well. With NWPN having an OS count of 391,251,716 shares and a small float of 90,697,356 shares it can rise fast. According to the latest EGOH press release https://www.prlog.org/12726360-eagle-oil-holding-company-inc-egohotc-lists-the-assets-being-transferred-to-the-now-corporation.html it will be decided whether shares in NWPN will be issued or something else. If the MDCN note is converted to cash, EGOH could be sitting at 0.0005 already, but nothing has been decided yet. We should also wait and see what will happen with the NWPN note.
Their site is suspended. Do they lack even 10/20 dollars to pay the fee for their website?
Regarding the $ 5 million note of EGOH in MDCN: this could get interesting for EGOH if MDCN keeps climbing and hits a much higher share price. A note conversion wouldn't add that much shares to the MDCN share structure in that case. These shares can then be distributed to EGOH shareholders or sold and the money put on EGOH's balance sheet. In either case EGOH's share price will go up. It will be interesting to see what MDCN share price will do these coming weeks/months.
It would have been a lot smarter if the company from the beginning started with an alternative reporting structure instead of sec reporting. It wouldn't have cost them an arm and a leg to get audited annual financials done. They paid $ 87,125 for the 2016 annual audited report. That's just too much money for a small company with not much money coming in. They could have stayed current, spending less money on financials and only when they made enough money they could have switched to the sec reporting structure.
Somehow Ken thinks that having convertible notes are as good as cash in hand, but it's not, until they are converted. EGOH has a $5 million convertible note in MDCN and later this week/month another $10 million convertible note in NWPN which makes it $15 million in total. If Ken wants the share price of EGOH to go up he should get current on the financials and consider a share buyback which means converting some of these notes for cash. Right now these notes are doing nothing but collecting dust.
He already got approval for the press release. He's probably waiting for the right time to send it.
It looks like EGOH is a part of the deal that MDCN made which has moved some since yesterday:
https://twitter.com/MedicanInc/status/1027193259309838336
"EGOH is part of the deal in that it owns a convertible note of $5 million in MDCN which is the extent of its involvement"
and
https://twitter.com/MedicanInc/status/1026825887025717255
"agreed, i just got approval from the other publicly traded company and our attorney for the press release."
This was 36 minutes ago. The press release could come any time.
Minera San Jorge must do everything in their power to sell the mines. This means that they should negotiate with every miner who's interested in their mines. Everything concerning Cinco Minas is the responsibility of Minera San Jorge as they took over the mines from SRGE. See press release on https://www.prnewswire.com/news-releases/minera-san-jorge-acquires-cinco-minas-and-mining-properties-of-southridge-enterprises-inc-190779791.html .If Minera San Jorge is not involved with any of this then they should get involved immediately and negotiate. There are other big miners who were interested in Cinco Minas five years ago. Contacting them and negotiating with them is the responsibility of Minera San Jorge.
Cinco minas, can you answer the following questions?
1) You mentioned litigation. Who is litigating who? I know buholegal website has litigations on their website. Can you provide a weblink to this litigation?
2) What role does MSJ/SRGE play in this litigation?
3) What is your relation to MSJ/SRGE?
The total audit fee for the 2016 10-K is 87,125 $ which is a huge sum of money. This explains why they couldn't file the 10-K earlier as they didn't have the funds for it. With the steady stream of $75,000 a month (press release https://globenewswire.com/news-release/2018/03/01/1409115/0/en/Hybrid-Ships-225-000-in-Orders.html) since last December 2017 and the 15% upfront payment (40,000 $) in the March 28th press release (see sticky note) they can now afford to get current. They will need to pay another 100,000 $ if they want to get fully current: 87,125 $ (three 10-Q+10-K 2017, audit fee)+ 11,800 $ (Nevada business license).
Some activity on November 29th. 500.000 shares bought for 0.0005 and some for 0.0004 even though the stock is on a global lock list. Trading should not be possible. The stock is now at 0.0004. Any idea what's going on?
It's true that it wouldn't take much for this to go up. But perhaps Kristul doesn't want this to go up. I also agree that it looks like he refuses to file and show that HCTI is making revenue. The newsletter on June 8th was ridiculous and looks to me like a delay tactic so he could stall the 10-K/10-Q filing somewhat longer. Who in their right mind sends a new newsletter out of nowhere when he knows that the filings are late? And then the filing on June 20th in which HCTI would pay the $1.5 million by August 20th. Where does that money come from? If they can pay this money then I guess they are sitting on at least $2 million right now.
The MMJ lending site is on http://uscanafi.com. He made a spelling mistake in the new pdf (uscanafy.com instead of uscanafi.com). The official launch of the MMJ lending site is on July 12th 2017. There's a neat countdown on the website. Plenty of time to get the word out.