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So are you saying that the company pumped the stock up with the PR because they knew someone (perhaps a related party) was going to dump? How is that different than the classic pump and dump?
The only thing worse than releasing the PRs on Friday night, would be releasing the PRs online in Braille. Lol
I think it comes down to this:
. Do you think the EPA and CA will want to phase out isocyanates knowing they will have hell to pay if there is another chemical disaster like what occurred in India and they did nothing to prevent it?
If no, then moving on to another stock might be a good idea. (I say might be because companies could still find some value without a ban. How much? Up to the company)
If yes, then does HCTI have a legitimate product that will allow the EPA and governments worldwide to phase out isocyanates?
If no, then why would EPA give them an award and recognition for having such a product?
If yes, then can HCTI get a portion of the $16 billion market for isocyanates?
While management has thus far been less than stellar, if they can get only 1% of the $16 billion market that is revenue of $160 million/yr. Should a company with $160 million /yr be valued at about 1/2 million. I don't think so. If the company were valued at a fair 1x revenues ($160 million) for 1% of the market, the company's value would be almost a 300bagger from these levels (after a few years - not overnight).
Just my opinion and I am not saying it will get there overnight but even if all 1.6 billion shares were issued that would still be $.10 a share.
Do you think the technology is legit or fake too? If you think it is fake (e.g., no patents or Fake EPA award) can you please state your reasoning for thinking so? If you think the tech is legit, why would a "Russian scam artist" try to scam people for hundreds of thousands and possibly face bad consequences (e.g., jail/lawsuits) when he could try to commercialize the tech and make billions with no negative consequences? Wouldn't a scam artist try to make billions instead of hundred of thousands?
Kristul is Russian and may be a scam artist but I just don't see the incentive to settle for hundreds of thousands.
Could this be a coordinated short attack done by Brokerbank securities? Possibly at the request and payment of a competitor/partner?
TIA for your response.
I understand that for every sell there is a buy, and I saw those 20 million bids vanish, but how do we know that the T trade represented a large buyer making a lot of smaller buys through out the day rather than a large seller making a lot of sells through out the day. Instead of a whale buying, couldn't it be a whale selling?
Should we expect some more preferred shares going to Nanotech Industries in exchange for the rights to sell the products related to this new patent? Thoughts?
I think one of the PRs said that payment was required at the time of the order. So they would have already received payment, imo.
From what source did you get the approximately 83 million short amount? TIA
What I would like to know is who is the "related party" that got 100,000,000 shares. Guesses anyone?
I am not sure the establishment of $420 is a big deal. When a company issues stock, they put it in their equity section of balance sheet at par value. But par value, as you say is different from fair value. I think the difference is put into an account called "paid-in capital"
But what I don't understand is why they would not use market value as fair value? So If the stock was trading at 0.01 on September 30, the transfer date, and par value was 0.001, why wouldn't they record stock at par value of 0.001 per share and paid-in capital of 0.099 per share for a total of $0.01 per share, the market value?
I don't see why they would need to re-evaluate the fair value, unless they are not sure when the stock was transferred/issued.
Very interesting observation. Thanx.
If I am right that this is the lender shorting the stock to get a better conversion price - then the lender might allow the stock to drift up with a good 10q to get a better sales price before he starts selling all of his shares on the market.
In other words, if it is the lender shorting the stock to get a better conversion price then his incentive to short ends today. He converts at a percentage of the lowest three trades - which appears to be a percentage of 0.0015. If he thinks he can get three trades at 0.0014, he might go for it today. But if he is unsure that he can get it down to 0.0014 then he might be done and we could see stock moving up for the rest of the day.
In which case dilution would not have even started yet. If someone is shorting the stock now and will receive converted shares, can they use those converted shares to get out of short transactions (instead of buying back shorts)? If so, I need to get in the racket of lending toxic debt.
I am not sure if they would convert $38,000 or $35,000. But I think the principle is the same.
Using $38,000 as the amount that needs to be converted and the conversion prices in your post, before yesterday, they would have gotten approximately 34.6 million shares. With the move to .0016 the amount of shares they would get increases to approximately 36.6 million shares. So a 300k share push down to 0.0016 got them about 2 million more shares. Seems like a good move on their part.
DHolmes -
The May 21 notes states in the 10q:
According to your earlier post, the prior PR stated that payment was required at the time of order. You suggest that payment was not received because they did not explicitly mention it in the recent PR. But if the prior PR stated that payment was required at the time of order, and the recent PR states that an order was made, then I think it means that payment was received. Otherwise you are saying the company lied in the prior PR.
Then you suggest that because you are a difficult shopper and return everything, that HCTI's partner will do the same. You failed to notice the PR highlighting that the partner expended a considerable sum in training etc to use HCTI's product. Given the partners efforts on training etc I don't think a return of the initial order is in the cards. And how could they return it if HCTI's product is mixed to create the partner's coating? Are you suggesting that once mixed, the partner could unmix its coating and return HCTI's product to HCTI?
Thus, from this PR (read together with prior PR) I think we have to conclude that HCTI received an order, received payment at the time of the order, the partner will not back out on initial order (given partner's expenditures made) and the 160,000 will show up in the 10q due in April.
Your constant harping on HCTI reminds me of the person who saw Jesus walk on water and then criticized Him behind His back saying He obviously can't swim.
Just my opinion. According to the TA of Tom O'brien (from tfnn.com), as I understand it, todays swing low of 0.0017 tested prior swing lows 0.0018 on much less volume and closed above the prior swing lows of 0.0018 which according to his system is a bullish indication. The stocks he invests in don't have BMAK selling a lot of shares from convertible debt though, so we will have to see if it works out.
Thanx sharpei, that was very informative.
I know some people were/are critical of Winston, so no offense to them, by what I am to say below. I appreciated his posts and would like him to post more often, but it is his choice.
Anyway, one of his last posts stated that he thought the company would have (at that time) 5 or 6 good PRs. If we count the last two as part of the 5/6, the next one would be 3 of 5/6 with 2 or 3 more to come soon after.
I am sorry. I should have said Nanotech Ind., the licensor. But same set-up, Imo. An acquirer would need the licensor's approval.
Imo, HCTI could be bought out but only with the approval of polymate. I don't see anyone buying HCTI, with temporary licenses. Thus, in order to buy HCTI, with permanent licenses, they would need to get polymate's approval of the buyout and with it polymate selling the permanent license to HCTI in exchange for HCTI shares.
I feel for you too. I am so deep in this stock, a lot hinges on whether HCTI succeeds or fails. I will either be a hero to my wife because she can stay at home or I will be the defendant in divorce court. So I hope this works out because she is a good person, I'd prefer to keep her. Lol.
Minimum conversion price would result in loss if converted without share price increase
Although that "report" at the very bottom "suggested" that the investors might be subject to dilution because of the A/S increase saying the company will need to issue shares if they have a cash crunch. Perhaps that broker is not a service for insiders to unload, but the mouthpiece of a coordinated short attack? Just a thought.
I interpreted his response as A/S is now up to (an estimated) 388 million from 336 million. So based on his response, he would think they have sold 52 million shares thus far which doesn't exactly answer your question, but if you have an estimate of how much they have to sell in total , you could calculate how much left using his estimate.
okay. I understand why you think it will come this week. When I referenced a financing PR, I meant a PR saying that they will not engage in convertible debt anymore/ paid off all remaining debt etc so that investors know they will not be diluted. So I guess it depends on what type of financing PR it is going to be. :o)
With all due respect, I don't think the company or IR confirmed that the PR concerning the fortune 500 company definitive agreement is coming out this week. It is only your opinion. While some posters with a unique perspective on the company have indicated there may be a financing PR coming out after the 27th, that does not mean the company will be releasing the fortune 500 company PR this week. I just don't want anyone feeling let down if the PR concerning the fortune 500 company does not come out when you say it will.
Thanx for posting again and sharing your insights/opinions about the company. Much appreciated!
Barry -
Just keep saying over and over: Netscape, Microsoft, HCTI. ;o)
Thanx for all the effort. I still didn't understand all of it, but I hope a few more times read through tomorrow will help this non-chemist understand. Thanx, again.
Could you explain the differences between the two approaches to the non-chemists on the board?
Thanx. And thanx for your earlier reply to my question about accounts payable. It was very helpful.
What did Winston say and why was it deleted?
And how do we know that they converted accounts payable into shares? Isn't that just speculation until the next Q?
450-500 million shares total to cover convertible notes is less than the prior A/S share count which makes the increase in A/S to 1.6 billion baffling unless it is necessary for a Equity financing as part of a Joint agreement. Imo.
As I recall, he also said that he was not a trader or was precluded from trading which he wouldn't be if he just lived in the same city. That is why I thought he was closer - to avoid having to file SEC reports for trades made. Just speculation, though.
One concern I had was that he might be working for the lenders, but his old posts made (before the convertible debt) me discount the possibility that he worked for the lenders. B/c he knew so much about formation of HCTI in the old posts, I thought he might have strong ties to the founders of the company. Darrin, maybe?
Your concern is a good one for pink sheet companies. But I point out that last year in November, the company issued a press release for a new private placement of debt that converts at a minimum of .08 and maximum of .30. In the press release he stated that he expected it concert at .30 because the company was expecting significant milestone payments. If that is correct then we might have some more dilution but from a much higher price. That is why I think the financials over the next few months are important and I will likely wait until the end of the year and reassess. If the stock is still below .08 then the note holders won't convert and the note holders (if Joseph's family/friends) will not be able to reap anymore gain.
BTW, my hunch is that Oleg, having done all the hard work, is expecting a big payday and may even be leading the ship, if not at HCTi, then at the privately owned affiliates - perhaps even bringing Joseph in to commercialize his patents. No inside info, just a hunch. If correct, i don't think he would want to lose out on making millions just so Joseph's friends and family can make a few hundred thousand. Just my opinion.
I don't think anyone is saying that the big dogs will go under on HCTI's watch. It appears that HCTI is working towards "Joint" develop agreements which means that HCTI will work with the big dogs. Moreover, we have more than a mere formula (as you call it), we have patents on a tested methodology for an isocyanate-free poly. The big dogs could develop their own, but it would come at an expense and could not infringe on HCTI's patents. Some alternative methodologies mentioned on the Board seem to be undergoing testing, so I don't know if they will be as good.
Moreover, it is true that EPA and CA haven't banned the stuff yet and if they don't then that would probably be the biggest threat to the Company (although HCTI's method claims to be able to reduce costs and would likely reduce future liability costs, Imo, so there may still be a smaller market for it). But while I don't claim to know the tech as well as others here, I have been a taxpayer long enough to understand the nature of government as summed up in this famous quote:
The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
A government like that can't stop itself from banning things it believes are harmful, imo.
Barry,
Remember Microsoft and Netscape. They probably went thru periods with little news too. I plan to wait until the end of the year and reassess. If it weren't for the transformative technology, I would have been gone. I have tried to watch the ticker less than before so I don't talk myself out of a possible run-up.
Sharpei -
Here is the falling bullish wedge that I was referencing yesterday.
HCTI 3O min chart:
[url][/url][tag]http://stockcharts.com/h-sc/ui?s=HCTI&p=30&yr=0&mn=0&dy=20&id=p55689675122&a=423104534 [/tag]
Here is the inverse head and shoulders, although the right shoulder has dropped more than I thought it would or should. But the neckline is downward sloping so the right should could be somewhat lower than the left shoulder. Perhaps we are at the low if the falling bullish wedge plays out. If this is accurate then we should, at a minimum get back to 1.2 which is the neckline and possibly as much as 1.8.
[url][/url][tag]http://stockcharts.com/h-sc/ui?s=HCTI&p=D&yr=0&mn=6&dy=0&id=p43020398586&a=421834923 [/tag]