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Fair enough. Good to see you guys made some improvements to the HOPP website. However, there are '404 not found' links embedded in your products page. First impressions can often be the last impressions left in a customers mind, if you were a grocer / retail outlet viewing such a product page would you keep browsing after discovering this or would you move onto the next manufacturer?
Take the following links on this page for example: https://hoppcompanies.com/in-store-supplies/shelf-label-tag-holders/
*https://hoppcompanies.com/in-store-supplies/clear-&-colored-plastic-chips/
*https://hoppcompanies.com/in-store-supplies/wood-shelf-label-&-ticket-holders/
Is HOPP ready to go nationwide with its manufacturing? Or is it only serving the east coast? What's being done to advertise HOPP to grocers and retail outlets alike? I.E: Is there a google ads campaign being ran?
Thanks Intern, I hope you guys can keep making "money moves" that actually equate to profit for not only the company, but its shareholders that have contributed to the financing of HOPP. Let the PR you guys are planning to issue, cover many of the questions that weren't addressed before. Bottom line, we want to know specifics regarding future revenue & expansions.
Lol, I'm good. I prefer to read your guys tweets anyway. From the looks of the filings it appears you guys sold it off. Kind of disappointing to lose a 12,000 sqft facility capable of producing $20mm in annual sales. Oh well, hope you had time on your trip to BRA to at least stop at the Notario Público in TJ to reincorporate PRD holdings.
What happened to PRD holdings? It isn't showing as a goodwill asset on Q4 2017 fins anymore. Did HAON sell it off?
it's late on a monday night, probably had a few too many to cope with the unrealized loss of his / her haon stock. cut him a break.
Obviously the $800 buyback is real. The financials were not only signed by the CEO himself, but notarized by an attorney. The real disappointment at hand, is why the company issued numerous press releases stating an "imminent" uplist to .01 when it had billions of share dilution remaining.
It's unethical, but again, this is the OTC PINK. 99.99% of Companies down here sell nothing but a good story along with near worthless shares.
I'm disgruntled and mad as hell here.
*How is HAON supposed to have an imminent stock tier uplist when it is spending around 60% of its profits on payroll?
*How are they going to finance the next acquisition?
*What happened to the mexico PRD holdings acquisition & why is HAON planning on reincorporating a company to expand HOPP production operations in Mexico?
*What are the total anticipated revenues that the xerox c75 digital press & 2 color press to provide for HOPP?
Mr Findley, shareholders are long overdue for a comprehensive update. It's time to come clean. There is too much left to question in your 2018 business plan for any serious investor to take seriously.
Who cares. The $800 is a red herring designed to get retail to buy into the toxic dilution.
Let's calculate the total value of shares diluted over q4 2017 & q1 2018 and I guarantee it supersedes the measly amount of shares purchased back.
when the q1 2018 fins come out people are most likely going to be incredibly disappointed to see how much profit - if any was made.
time will tell if it will make more money than their share printing press. i think their spindle burnt out on that one..
as far as the 2 color press is concerned.. it can print out some paper lets just say that, and for the price they paid for the xerox c75 they could have bought 8 of the 2 color press.
I hope that 33** press is running red hot over there intern. Let's see 100k sheets per day being printed..
You guys need to find a way to increase those profit margins to justify that payroll cost..
#countitup
#atm
Then that should equate to higher revenues and higher profit margins. There are no more excuses to be made for this company. They have a fiduciary duty to the shareholders and they should be doing everything in their power to cut costs, increase profit margins, and expand operations before rewarding themselves with lucrative salaries(* hope I'm wrong but i'm pretty sure that i'm right on this one. *)
Q1 financials will reveal the light on this flim flam sham once and for all.
The $800 share buyback is a red herring. A ruse designed to hide the remaining dilution.
HOPP with it's astronomical payroll expenses cannot afford to lend any of it's profit to HAON to retire the massive shares here in an "imminent" time frame.
Correct. Haon is a bottomless money pit. If investors aren't losing their money to dilution here, then it's the company losing almost all of it's profit to massive payroll expenses that suspiciously doubled upon HAON's takeover of HOPP.
Lol. Sticky this post!
A lot of wishful thinking going on this board this weekend. The only thing bound to happen from that kind of thinking is disappointment.
Read the financials. They're barely pulling in any profit mostly because they doubled their payroll expenses.
This stock will be in the low trips for a long time until they find a way to start making more money - instead of spending it.
No clue. My guess is toxic convertible notes used for prior acquisitions led the stock here. Lets hope the other acquisitions they purchased that in the years prior, that they are supposedly starting back up can revitalize the financial fundamentals & stock price..
If they can't turn things around, findley will most likely be forced to raise the authorized share count to raise further financing.
imo
Keep interning until profit margins improve.. This company can't afford anymore payroll expenses with fins like this..
https://backend.otcmarkets.com/otcapi/company/financial-report/188225/content
The DILUTION tells the real story here.
Per buyback rules HAON can only buyback 25% of the 4 week ADTV. The 30 day average trade volume is 149,827,201 shares, at this point - if they weren't burning away almost all of their profits on payroll - they could only buyback 37,456,800 shares a day.
https://www.otcmarkets.com/stock/HAON/overview
https://www.otcmarkets.com/stock/HAON/profile
https://www.otcmarkets.com/stock/HAON/disclosure
https://www.otcmarkets.com/stock/HAON/news/Halitron-Inc-Announces-Preliminary-Third-Quarter-Revenue-Data?id=174928
Wow, the OTC's dumbest investors still believe that there is a legitimate company in motion here..
HELLO!?!? Their websites & Twitter are down! Who does that?? It's like they are trying to cover their tracks!
File an SEC complaint! Don't let these guys get away with stealing your hard earned money!
This stock is dead until we see evidence of growing profit margins.
What's strange is how the Q3 2017 #'s were phonomenal.. over $100k in profit for the quarter..
Then in q4 2017 the payroll expenses nearly doubled and the profit went down dramatically to around $30k for the quarter.
My question is, why did these payroll expenses double and revenue stay about the same? Are hoan employees considering themselves employees of HOPP and paying themselves lucrative salaries?
What's going on here?
You get my point? Trust has been broken here and no "whale" in their right mind will invest serious money in here anymore without seeing results. Dilution has been out the roof, profits have fallen big time, and the buyback program has been a doozy - 4 million shares bought at .0002..
I'm really disappointed in haon. As obviously the market with the lack of volume here - excluding last Fridays 1 billion share dilution day.
Whales are here this morning. Either that or the company found some change to buy some shares. Lol.
Investor sentiment is at an all time low. You can't blame the majority of investors for feeling duped, buying into what they thought was going to be a lucrative company that would be buying back shares for an "imminent" uplist, all-while seeing their investments get diluted into low .000 oblivion.
I'm frustrated at this point intern. I am not anticipating good profit margins on q1 fins, for obvious reasons - that being the move, but the most mind boggling of all - payroll cost.
Will the payroll costs go up even more when production operations are increased with the POP brands rollout?
HOPP cannot continue this financial trend, and expect to support HAON with capital to retire a significant portion of shares necessary to raise more capital for more lucrative acquisitions.
Something needs to be done, there has been too much silence on your guys end. While the revenue update was appreciated, shareholders need to see results. We need to see that HAON has a plan to significantly increase its revenues and profit margins. There has been much talk of share reductions and so forth, but little to be shown for it. I want to see quarterly profits in excess of $100k, not $20-30k. Q3 2017 net income profits were amazing, bring those #'s back and more.
While the share structure may stay the same , the float will gradually begin to become tighter.. thus increasing the volatility to share price.
We are a long ways from that. The company needs to figure out how to stop spending so much money, one example is the astronomical payroll cost that will surely increase once HAON's interns graduate and become full time paid employees.
It's not the company buying a billion shares. Per buyback rules they can only buy back 25% of the ADTV. The 30 day ADTV is 183,000,000 shares so 25% is only 45,000,000 shares that they could have hypothetically purchased back.
Here's the next issue at hand with that. The company is barely making enough profit to purchase 1 billion shares. In q4 2017 they made $20-30k, and in q1 2018 they underwent a very expensive move from NY to CT. production operations were likely halted for some time during this process, and any money leftover more than likely went to the move or towards purchasing new equipment. Lastly they are locked in an expensive lease for the old HOPP facility until May so again I'm not buying into the company purchasing back anymore than 5-20 million shares for q1.
Do your DD and read the financials here. Stuck holders / bagholders are deep in the red here and will make any outlandish claim to get you to buy their .0002's / .0003's / .0004's / .0005's and so on. Smart investors know that the O/S is close to or has crossed 10 billion shares and is close to being maxed out on the authorized. The more shares haon issues, the greater probability more people in the market will be able to purchase .0001's. If you read previous PR's you'll learn that HAON is utilizing every bit of it's share structure to finance operations and the next set of acquisitions.
I really dislike bashing my haon stock.
There is a lot of potential for significant ROI here, it's just being managed a bit incorrectly at this point.
I have a strong feeling that I will read similar payroll expenses on 2018 q1's fins.. while I don't want EVERYONE to get laid off, haon needs to come up with a plan to increase its profit while keeping operational costs as low as possible. If they can't figure out a way to do that, due to the high cost of living in the area they chose to relocate in or whatever other reason - then it's time to outsource all labor related costs to a third world country..
As I've said before, HAON needs to retain key staff members crucial to HOPP's development. They do need an accountant & an IR representative. Instead of hiring two employees to do those jobs, bundle them and assign them to the most responsible & hard working employee. With as small of a company this is, it can't be that overwhelming at this stage.
Changes need to be made and time will tell if Bernard allows for HOPP to revive his financially dying company and if this will be a positive turning point in his career.. or if this will be a fluke & if he will end up like all the other thousand dime a dozen "penny stock CEO's"
Bernard needs to get the Mexico HOPP incorporation rolling & start the layoff process for it's overpaid & non-crucial personnel.
When HOPP's interns soon graduate & become full time paid employees these payroll expenses will surely grow & that is unacceptable with current revenues.
They pulled $267k in gross profit Q4 2017 and spent about $175k of that $267k in payroll. That's almost 66% of their profits being burned away.
I believe when all expenses were paid they walked away with a $25k profit for the quarter.
Please explain how these kinds of expenses & profits will allow for the company to retire the billions of shares it has allowed to be diluted in a near future or "imminent" timeframe?
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement, and can be calculated with this formula: Gross profit = Revenue - Cost of Goods Sold.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.investopedia.com/terms/g/grossprofit.asp&ved=0ahUKEwj70Zq75rfaAhUSSK0KHSU_CVIQFggxMAI&usg=AOvVaw1fYmShy06EHYfYiUtJj7Pl
https://backend.otcmarkets.com/otcapi/company/financial-report/188225/content
It means the EROP settlement is done or they will have to dilute smaller chunks into the market, but either way HAON has a long way to go before it is "dilution free".
They claim lofty acquisition targets that surely won't be funded in entirety from HOPP alone.. not with 60% of its profit being spent on payroll..
Only from Alpine. There will still be dilution lol
Even if the lie were true.. do you know how many pink sheet companies would go bankrupt due to lack of adequate financing?
Every company with a "going concern" statement, like HAON - would be even more risky to buy shares of anymore than it is now.
Who else can't wait to see what the new outstanding share count is on OTC markets?
Lol. Short this pig. That going concern statement is looking really bad now. Good luck to HAON on finding anyone to finance this.
Intern, how many more billions of shares can we expect to see get diluted as a result of the HOPP settlement?
This is absolutely insane. With the 25% adtv buyback rule & with what little profit you guys are pushing out each quarter, it will take ages to retire enough to get this moving again.
Looks like the ol' flim flam sham sold 1 billion shares today.
Nice. Presses were running red hot today. Might need to raise the authorized share count and order some more presses. Shareholders simply can't get enough shares.
Looks like I'm getting more .0001's tomorrow. Thanks to HAON for selling today.
Hey instead of repeating the same questions everyday, you could try reading the Q4 financials on OTC markets and figure this out yourself.
What are your thoughts on that?
Now the company is selling .0001's? The OS is going to be maxed out very soon. Especially if there is still more HOPP settlement debt to pay.
This very well may be headed to no bid. Im prepared to lose my entire investment here.
Imo ALL of the manufacturing operations in CT needs to be outsourced to Mexico.. keep the office in CT as the rent is pretty cheap and maintain IR, Accounting, and operations mgmt personnel there. Layoff the rest.
There is no reason 60% of HOPP's profit needs to be be spent on payroll. That is absolutely mind boggling.
Not too hard to understand why when the reason they are losing so much money besides lawsuits is all due to the mining difficulty & power consumption required to mine this Chinese scam crypto Bitcoin.