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Geo... Just put the stock away and forget about it. Have faith in the management that they will continue to execute their plan. I would guess that some point when the stock is actually trading near fair value, they will do something to increase the visibility of the stock. Like Johnny says, you may forget about this stock and check it one and be up 1000%.
Let the weak hands sell. I am sure there are buyers that were contemplating buying and didn't before the CFO announcement. I know I don't have as many shares as I'd like. So let them sell.
My hope is that the world doesnt catch on to the company until well north of .10 cents. Which won't be too long from now IMO.
The best part of that is knowing that your company is tragically undervalued! So there is a heck of a lot of room to move higher without any fundamental changes. Add an accretive acquistion or two, a decent economy, and a management that watches every penny.. you have a giant 10 bagger or more.
HASCO FLOAT HASC 88% held by Insiders
It appears you didnt read my post from weeks back. This leaves approximately 115-120 mil in the tradable float. That is why you don't see huge vloume. You also can see than no insiders are selling!
Officers and Directors
Hal Compton, Sr.
Chairman of the Board
252,808,883
25.6%
Scott Compton (2)
Chief Marketing Officer
217,185,717
22.0%
Hal Compton, Jr. (2)
Chief Executive Officer
219,790,980
22.2%
Barry McCook
Board member
1,410,526
*
Bill Marginson
Board member
615,789
*
Mark Lore
Vice-President
176,944,450
17.9%
Alfredo Ollivierre III
Chief Operating Officer
3,802,632
*
Robyn Priest
Former Chief Financial Officer
2,408,507
*
Timothy Spence
Chief Financial Officer
178,740
*
All directors and executive officers as a group (9 people)
875,146,224
88.6%
Total Outstanding as of 6/30/13 from the Q
988,003,408
Well... The acquisition they said there are going to close soon had to be iniated long before the new CFO has been on board. Based on this mans resume, I would believe that the CEO's comment about how this new CFO will enable growth leads me to believe they may be many acquisitions going forward.
The more I ponder about this new CFO, the more I think I may have to pony up some serious cash to take a major position for the 3-5 year hold.
There doesnt seem to be much selling going on even after it was up 50%. I like it. I am wondering just what it might finish at today.
HASC up 17.50% hits 2 year high
It seems I missed all the action this am!
How the hell am I going to add more shares? I got spoiled under $.02
HASCO Medical, Inc. Announces New CFO
Jens Mielke Named New Chief Financial Officer
Addison, TX, August 26, 2013 - (Accesswire) - HASCO Medical, Inc. (HASC), http://www.hascomed.com/, a Company that conducts sales of handicap accessible vans, parts, service and rental operations in sixteen locations from Maine to Florida and sales of medical equipment and supplies in Florida announced today their new Chief Financial Officer.
Prior to joining HASCO Medical, Inc. Mr. Mielke served as audit partner with Deloitte & Touche LLP in Dallas where his clients included both Fortune 500 and smaller private companies. He has served manufacturing and multi-location companies and has significant experience with financial reporting, public/private debt and equity offerings and due diligence. He previously held the position of senior financial reporting analyst with PepsiCo, Inc. as well as other positions with Deloitte & Touche.
Mr. Mielke holds a Master of Business Administration and Bachelor of Business Administration in accounting from Southern Methodist University in Dallas, Texas. He has been a Certified Public Accountant in Texas since 1991.
“I am very excited about Jens joining the HASCO Team. With Jens background and experience he should help move the company to a whole new level. This is such an exciting time for the HASCO family of companies because we have experienced such phenomenal growth over the last two years and now with another acquisition on the horizon Jens will help us look at new ways to continue our growth.” says Hal Compton, CEO of HASCO Medical, Inc.
About HASCO Medical, Inc.
HASCO Medical (http://www.hascomed.com/) provides products and services that dramatically improve the quality of living for its customers. The Company consists of Ride-Away (http://www.ride-away.com/), Mobility Freedom (http://www.mobilityfreedom.com/) and Wheelchair Vans of America (http://www.wcvans.com/) on the Van Conversion/Rental side of the company and Southern Medical and Mobility, Inc. (discontinued operation) and Certified Medical on the durable medical equipment side.
Here is the 8-K from Friday....
ITEM 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 21, 2013 the Board of Directors appointed Mr. Jens Mielke, age 47, to fill the position of Chief Financial Officer. He replaces Ms. Robin Urban, who was appointed Interim Chief Financial Officer on June 17, 2013.
Prior to joining the Company, Mr. Mielke served as audit partner with Deloitte & Touche LLP in Dallas where his clients included both Fortune 500 and smaller private companies. His experience includes public equity and debt offerings, mergers and acquisitions and financial reporting. He previously held the position of senior financial reporting analyst with PepsiCo, Inc. as well as other positions with Deloitte & Touche.
Mr. Mielke holds a Master of Business Administration and Bachelor of Business Administration in accounting from Southern Methodist University in Dallas, Texas. He has been a Certified Public Accountant in Texas since 1991.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HASCO MEDICAL, INC.
Date: August 23, 2013
By:
/s/ Hal Compton, Jr.
Hal Compton, Jr.
Chief Executive Officer and President
Going to buy more this week.
I will have to free up some cash as this news of a new CFO solidifies the management of this co. I just hope I can do it before more people find out about this company. In watching the trading, it appears the float is really tight.
Wow! This new CFO is a champ! You don't bring a CFO in that has this kind of experience if you don't need it. Makes me wonder what could be up for HASCO? From the man's Linkedin Profile...
Audit Partner Deloitte & Touche LLPJune 1997 – October 2010 (13 years 5 months)|Dallas, Texas
Served as Lead Client Service Partner on global Fortune 500 public, private equity and emerging private clients, including those in Deloitte’s Office of the Chairman top tierResponsible for all client services including completion of financial statement and internal controls audits, additional permitted services and governance-related interactions and communications
Concentrated in manufacturing, consumer products, hospitality (restaurant and lodging) and energy industries
Responsible for overall project management, including client service, project revenues and profitability and human resource utilization
Served as Partner on audits of annual reports (including 10-K), quarterly reviews (including 10-Q) and employee benefit plans
Led audits related to initial public offerings (IPO), secondary offerings, private placements and take-private transactions (including comfort letter and offering memorandum activities)
Consulted with clients on numerous Sarbanes-Oxley 404 implementation, testing, rationalization, remediation and improvement projects
Directed approximately 50 acquisition-related accounting due diligence projects for Fortune 500 and private clients, including buy-side and sell-side due diligence
Performed agreed-upon procedures related to contract and regulatory compliance
Led forensic investigations related to alleged fraud and misstated financial statements
Experienced with SAP, JD Edwards, Hyperion and other financial software
Managed teams ranging from two to over 50 professionals
Worked closely with client Boards of Directors and Senior Management
Managed university recruiting program for Dallas Audit practice, including on-campus leadership at the University of Texas-Austin and Southern Methodist University and hiring needs forecasting and planning
Facilitated and presented accounting and auditing updates internally and to Boards of Directors, Audit Committees and university classes
52 Week High was made yesterday!
Easily done when the company should be trading north of .15 minimum.
HASC has 1.1 million in CASH.
I forgot to mention that.
Where some of these pump and dumps have...
0 Revs
2 mil in debt
5 billion shares out with 4.9 in float
I think I will stick to this OTC and my other large caps.
There is no hurry with this stock. The stock will do what needs to do as more smart INVESTORS take a bite and hold it for triple digit percentage returns.
These days too many people are programmed for daytrading. Smart ones here will buy a block and forget about it. It's a real company with real products, real employees, real management, and a real website doing real commerce.
$HASC .021 News out Insiders own 88.6%
Rev's 75 mil+ annualized
Profits 2 mil+ annualized
Float 115mil +-
Insiders own 850,000 shares+
No Pump & Dumps
Real Company with Real Management
Fair Value north of .15 cents
Here is the news...
Shareholder Update for the First Half of 2013
Addison, TX, August 20, 2013 – (Accesswire) – HASCO Medical, Inc. (HASC), www.HascoMed.com, a Company that conducts sales of handicap accessible vans, parts, service and rental operations in sixteen locations from Maine to Florida and sales of medical equipment and supplies in Florida announced today their update on various items during the first six months of 2013.
- HASCO Medical, Inc.’s net revenues increased roughly $5.5 million over the first six months versus the same six months for last year.
- New initiatives on our inventory have really improved over the last six months. HASCO’s quality of aged inventory has reduced significantly. This change has increased our inventory turns 20%-25% and reduced our interest expense.
- We are pleased to announce the launch of www.WeDeliverFreedom.com as an innovative resource for people needing wheelchair accessible transportation. The website serves several purposes all designed to make getting mobility products even easier with links to wheelchair van rentals, financing, and our new innovative crowdfunding platform. Hasco Medical is the first in the mobility industry to leverage the power of crowdfunding successes like Kickstarter[TM] and Indiegogo[TM] into a means for more people to get the financial assistance they need to afford wheelchair accessible transportation. WeDeliverFreedom.com directly connects people in need with those willing to help fund their purchase using the crowdfunding platform from RocketHub[TM].
- With the addition of Rick Fountain as Vice President of Service, the company is continuing to implement new policies and procedures in our service departments. These changes should improve our margins, reduce our parts shrink and improve safety for our service technicians.
- The Auto Mobility acquisition has continued to move forward and has finished final audit. We are pushing to still close the deal by Sept. 1st, 2013 if all possible. We will be releasing all the pertinent information as soon as the deal is closed.
- HASCO Medical has finalized the liquidation and closure of Southern Medical and Mobility, Inc. This move should help improve the overall G&A of the company. This business was no longer in alignment with our go forward strategy in the auto division.
“We continue to find ways to grow the company while still sticking to our original concept which is consolidating the industry. As we continue to move forward we will look for a few things, synergies to help us be more profitable, the right team members to help us grow and service our customers and finally to make as many people aware of what we do as humanly possible,” states Hal Compton CEO of HASCO Medical, Inc.
About HASCO Medical, Inc.
HASCO Medical (www.HascoMed.com) provides products and services that dramatically improve the quality of living for its customers. The Company consists of Ride-Away (www.Ride-Away.com), Mobility Freedom (www.MobilityFreedom.com) and Wheelchair Vans of America (www.wcvans.com) on the Van Conversion/Rental side of the company and Southern Medical and Mobility, Inc. (discontinued operation) and Certified Medical on the durable medical equipment side.
HASC News Great news!
Shareholder Update for the First Half of 2013
Addison, TX, August 20, 2013 – (Accesswire) – HASCO Medical, Inc. (HASC), www.HascoMed.com, a Company that conducts sales of handicap accessible vans, parts, service and rental operations in sixteen locations from Maine to Florida and sales of medical equipment and supplies in Florida announced today their update on various items during the first six months of 2013.
- HASCO Medical, Inc.’s net revenues increased roughly $5.5 million over the first six months versus the same six months for last year.
- New initiatives on our inventory have really improved over the last six months. HASCO’s quality of aged inventory has reduced significantly. This change has increased our inventory turns 20%-25% and reduced our interest expense.
- We are pleased to announce the launch of www.WeDeliverFreedom.com as an innovative resource for people needing wheelchair accessible transportation. The website serves several purposes all designed to make getting mobility products even easier with links to wheelchair van rentals, financing, and our new innovative crowdfunding platform. Hasco Medical is the first in the mobility industry to leverage the power of crowdfunding successes like Kickstarter[TM] and Indiegogo[TM] into a means for more people to get the financial assistance they need to afford wheelchair accessible transportation. WeDeliverFreedom.com directly connects people in need with those willing to help fund their purchase using the crowdfunding platform from RocketHub[TM].
- With the addition of Rick Fountain as Vice President of Service, the company is continuing to implement new policies and procedures in our service departments. These changes should improve our margins, reduce our parts shrink and improve safety for our service technicians.
- The Auto Mobility acquisition has continued to move forward and has finished final audit. We are pushing to still close the deal by Sept. 1st, 2013 if all possible. We will be releasing all the pertinent information as soon as the deal is closed.
- HASCO Medical has finalized the liquidation and closure of Southern Medical and Mobility, Inc. This move should help improve the overall G&A of the company. This business was no longer in alignment with our go forward strategy in the auto division.
“We continue to find ways to grow the company while still sticking to our original concept which is consolidating the industry. As we continue to move forward we will look for a few things, synergies to help us be more profitable, the right team members to help us grow and service our customers and finally to make as many people aware of what we do as humanly possible,” states Hal Compton CEO of HASCO Medical, Inc.
About HASCO Medical, Inc.
HASCO Medical (www.HascoMed.com) provides products and services that dramatically improve the quality of living for its customers. The Company consists of Ride-Away (www.Ride-Away.com), Mobility Freedom (www.MobilityFreedom.com) and Wheelchair Vans of America (www.wcvans.com) on the Van Conversion/Rental side of the company and Southern Medical and Mobility, Inc. (discontinued operation) and Certified Medical on the durable medical equipment side.
As much as I share your excitement, I will have sold 3/4 of my position at .10 and will let the rest ride. If it ever did go to "Dollar Land" the management would be very wealthy.
I just hope some more long term holders find this gem and suck up all the shares before traders start moving into to the stock.
Then again, the stock needs discovered. I would like to free up some mo money to grab a bigger chuck first.
Good luck to ya.
Well the thing is you just don't find stocks on the Over The Counter that are legit real functioning companies. This company is providing and service that actually helped a friend of mine in desperate need. Then I do a little digging and find out the company is a profitable 70 mil + a year business.
Thats a story in itself.
It would not be unreasonable to see this stock trading at .07 cents with ease. But the market will have to find it first. It's better to be early than late.
Just picked up some @ 46.75
It may take a couple days but a good move off support here is likely. Crossing my fingers.
HASCO FLOAT HASC 88% held by Insiders
I'd say this company's management has great incentive to perform!
Officers and Directors
Hal Compton, Sr.
Chairman of the Board
252,808,883
25.6%
Scott Compton (2)
Chief Marketing Officer
217,185,717
22.0%
Hal Compton, Jr. (2)
Chief Executive Officer
219,790,980
22.2%
Barry McCook
Board member
1,410,526
*
Bill Marginson
Board member
615,789
*
Mark Lore
Vice-President
176,944,450
17.9%
Alfredo Ollivierre III
Chief Operating Officer
3,802,632
*
Robyn Priest
Former Chief Financial Officer
2,408,507
*
Timothy Spence
Chief Financial Officer
178,740
*
All directors and executive officers as a group (9 people)
875,146,224
88.6%
Total Outstanding as of 6/30/13 from the Q
988,003,408
amazing that noone posts here.
RIG is poised for a move off support here for a quick 5 percent.
Hop on.
I bought in last week. More than 800k. I found out about this company via Ride-a-way. This company is going to do nothing but grow like wildfire IMO. After researching the company and their management, I found a gold mine here. Will be accumulating more as cash flow allows.
its crazy. I just started buying T back here as it held support. Came back here to see if anything interesting interesting in on the boards. Nodda. There is so much pump and dump crap on these boards. Most of the big caps have no following. Strange.
I'd like to see T get back to the 38's. It would be a nice swing trade.