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Thanks, Mathias, @ .0001, I wouldn't even 'think' of selling, but probably would buy 'one last million' to average down with. 1,000,000 would only cost me another hundred bucks plus broker's fee, so what the heck......
If I was buying 'millions' of shares, wistock, then I too might 'not' put in the 'all or none' restriction, but my order was for only $100 plus brokerage fee, and one (and only one) fee is all I want for such a small buy. Joker, on RB, says he thinks it is the MM's (only) that are buying (or able to buy) at .0002, so that they can turn around and sell at .0003, I would imagine. Isn't that illegal to do in a 'so called' OPEN market?
All or none, was my order, Billy, and it's been in several days, but no take even today, when most of the trades were at .0002. My broker is Charles Schwab, I suspect for some reason if my broker was Scottrade, for example, I might have caught it, but just my suspicion.. Thx, dc...
Of the 327,000,000 shares sold (and bought) today, at least 2/3 must have been @ .0002, yet I was not able to catch a measley 500,000 @ .0002 for myself. Can anyone explain why I was unable to do so? Thanks, dc...
Ah, I see, the selling was held up to await the release of today's PR at noon.... Got it.......
Volume almost NIL today, compared to yesterday at this time; reason: 1) no dumping by hop-on (because they are being audited?), 2) no selling by funders and/or MMs (because they want the pps to spike before the do?), 3) no buying by average-downers (because they are waiting for ppp to hit .0001?). Yes, am showing my ignorance about volume behavior, but, there must be SOME manipulative reason for EXTREME difference in volume between yesterday and today....
Good to hear you're alright, billy, everyone, even on RB was worried about you. Good to have you back....
My gosh, dalcindo, you've been in a chat room where posters have actually 'bragged' about having an Hop-on phone... That's amazing. I've yet to EVEN SEE ONE........, and I've been really WATCHING for one in the commuter train, on the subway, on the street, anywhere.... That's REALLY good to hear.. dc...
Fantastic news on msitf... Thanks, Entirely....
Thanks, Mathias.......
The 'POSSIBILITY' alone that there may NOW be more than 500 investees in HPON, plus the 'POSSIBILITY' alone that MORE THAN 1 million dollars in equity was raised within a months time (per your recent posts, Mathias) suggests that we would have the LEGAL right TO 'CONTEST' a reverse split (and prevent it AT LEAST TEMPORARILY).........
When there were only one billion authorized shares it seems to me that PM was DEFINITELY the 'majority' holder of the 'issued' ones, which apparently gave him the legal(?) right to authorize another 10 billion. Now, however, there is some question as to whether PM is 'still' the 'majority' holder, therefore, it SEEMS to me that we would have the LEGAL right to 'CONTEST' (and therefore RESTRICT, AT LEAST TEMPORARILY) his ability to either bring about a REVERSE SPLIT and/or AUTHORIZE any more shares. The 'AT LEAST TEMPORARILY' part is very important, I think, if you get my drift.....
If the 'authorized' number of shares, akula, would be reduced 'in proportion' to the 'issued' ones, I, for one, would be MORE 'in favor' of a reverse split; but if what Mathias suspects is true, regarding 'authorized' shares remaining the same, then 'IN NO WAY' could I condone it. Either that, or would suggest that everyone 'IMMEDIATELY' dump their shares AFTER the split, before the remaining authorized ones are dumped as well....... Just a thought, dc....
PS: But at the same time, Mathias, I would not have thought that Michaels would have wanted 'his' stock 'diluted' either, but apparently it has been the same as ours......
If that is the case, Mathias, then it is no wonder that the price per share 'usually' goes back down to what it was 'before' the reverse split. A r/s is apparently a 'great' TOOL for 'MANAGEMENT' to pay for ongoing operations through the sale of its companys' stock, but it would obviously be at the expense of EXISTING shareholders. Thank God, Michaels is a major EXISTING shareholder (if not the majority), otherwise what would stop management (ie., Gannon) from employing it. In other words, I don't think Michaels wants a reverse split anymore than we do, but Gannon, perhaps does. Just a thought...
Great update, tr, really concise and informative. Just curious about the 'branch office' in Miami, however; I remember reading something about it opening, but can't recall what 'purpose' it serves. If it is to serve Latin American interests, wouldn't that be better accomplished through a branch office in Mexico??? Just curious, thanks again, dc....
My thinking, now, Wistock, is that hopon management has been paying for research and manufacturing of phones strictly from share sales to keep down expenses and therefore be able to sell phones at a low margin and still realize a profit. Now that pps has reached .0002 however, they can no longer count on share sales to keep company afloat because the 6.5 billion remaining authorized shares will run out real fast at current rate of issuance and funding realized therefrom. Therefore, what options are available to management to keep company afloat
after .0001 is reached: 1) reverse split?, yes, if remaining 6.5 billion shares can then be issued at new, higher pps: 2) roll-over into WiFi-cell.com?, yes, if another 10 billion shares can be authorized under that name; or 3) start paying for continuing operations from sales 'NOW' supposedly being realized per pr's and current relationships with Wintec, Wirexcessories and Telcel. Of course, it is option 3 that we hope management will "NOW" 'BE ABLE' to take. JMO, dc........
No, E, I missed that, will have to go back and re-view. I now have a position in a certain Canadian company , by the way, I heard mention here. Thanks for your help in keeping track of..
Well, I'm impressed. Just viewed the new presentation clip on 'About Us' webpage and REALLY LIKED... Especially appreciated picture of production facility (and employees) in Mexico. Also appreciated picture of R&D facility in Dallas, Texas; before this picture I had in my mind's eye a couple of guys working in a back-room row house. Most of all I liked the close-up shot of Binky on the last page (it gives a REAL FUN place to-work-at and deal-with and invest-in image).... JMO, dc.....
Great post, great synopsis, tr......
Does the $30 DVD player play video games? if not, how about a 'mobile' one that does, especially for railway commuters....
Ah, thx, MG... Normally, if a 'bidder' leaves out a zero by mistake the broker should 'automatically' catch it as 'way above' market price, I would hope........
Trk, am certain none of MY trades caused a spike, either one way or the other. Those spikes though, I suspect, are do to an investor 'accidentally' leaving out a zero or two on his bid, just as I did on my post. Just for the record, however, I recently bought another 250,000 shares of hpon @ .0005 and have a good-till-cancel order in to buy another 500,000 shares @ .0001 after which I will no longer be able to average down, because am not able to bid at a lesser amount. THANK GOD.....
PPs back up to .0004, not .04, must have been 'wishful thinking'????? Would have been nice tho...
Volume more than doubled last hour, that WAS expected. PPs back up to .04 @ close, NOT surprised. Am I never going to catch one last million @ .0001 FOR A HUNDRED BUCKS?????
3:00 and only 21 mil. volume. Expected more like 210 mil. Why?
Sawdin, have read on boards that pps can go 'lower' than .0001, but I, myself could not put a buy order in for 'less than' .0001. Could you do so with 'your' broker?
Sounds right to me MG, but I suspect it won't happen until the pps of HPON hits .0001 which could be any day now....jmo, dc...
Thanks, Lou, hope you're right about 'not seeing' a reverse split. Peter, himself, told me via e-mail when I inquired as to the possibility of one, He said not to believe everything I read on the boards, but then again, he did not say that there would not be one; so, hope you're right that when (if/and when) the financials do come out they will prop the pps up to a respectable (non-subpenny) level... Heck, I'd be happy with a pps of JUST A PENNY, right now.......
Entirely, I think it is important to note that the drop in pps appears to be a CONTROLLED drop. In other words, I suspect it is PURPOSELY now being allowed to GRADUALLY drop down to .0001 to prepare the shareholders for a r/s and A NAME CHANGE (to WiFi-cell?) per recent posting on RB by Blepat... jmo, dc......
Thanks, Lou, really appreciate your incite......
Thanks, Lou, and apparently the R&D that the shareholders will be covering (after a r/s?) is WiFi-cell? Basically, Hop-on appears to be a R&D company that brokers out the 'actual' manufacture of phones, etc. to 'Flextronics', therefore, it has little overhead and/or capital assets other than a warehouse located in Irvine, California. The company is funded almost entirely (if not totally) from sales of its stock; and until revenue from sales is 'recognized' (via financials) versus just realized (via pr's) the pps will continue to go down (even 'after' a r/s). Am I in the ballpark, here, Lou, in your opinion? Thanks, dc..........
Lou, 'perhaps' part of their 'business plan' has been to sell more shares (ie., dilute) IN ORDER TO AVOID DEBT, and if 'that' is the case then I have to congratulate Hop-on for pulling it off; but the time has come to consider THE PRICE PER SHARE OF ITS STOCK over the consequences of taking on debt. I suspect 'their business plan' is to 'STILL AVOID DEBT' by continuing to sell more shares and to bring up the price per share via a reverse split. It's a business plan that may enable the company to 'survive', but will the EXISTING shareholders survive??????? I don't think so, but the NEWBIES probably love it.........
Was at a Super Wal-Mart the other night and upon passing by the video section, came upon a special display of something called trak-fones, which was shaped like the old Hop-on disposable phone (but very drab (grey appearing) in comparison). It sold for $34.94 and featured a 'pre-paid' calling card, and was attracting attention of numerous buyers besides myself, I noticed........
Yes, akula, I agree wholeheartedly, Hop-on needs to have the SEC 'KNOCKING ON THE DOOR'... Great analogy... Not to close them down, but to WAKE THEM UP...... You got it!!!!!
Had been reading everyone's posts here and on RB long before I started posting myself a couple of weeks ago and thanks to 'EVERYONE' (BOTH PRO AND CON) on both boards, have learned more about Hop-on than I ever knew BEFORE I started to purchase it a couple of years ago. Yes, I certainly had to READ BETWEEN THE LINES of some of the posts, especially on RB, lol, but overall, I got the impression that ALL POSTERS want nothing more than for Hop-on TO SUCCEED. Go Hop-on.......
Deal and Irritant are one and the same??? No way....
Also on IR page, Mathias, model on left appears to be driving a car (while using cellphone?)......
Thanks, Lou, so the shares are being sold basically at 'bid' only, rather than 'ask'?, ie., shares are being 'dumped' by Hop-on and/or it's 'funders' for 'whatever' price the market will bear and/or the shares are being sold by investors who are unloading their positions for whatever price they can get before the reverse split....... Maybe both???? I suspect 'the prior', I do not think the posters on these boards are selling out....... reverse split or no...... In fact, I suspect that most of 'the buyers' today were the posters on these boards, INCLUDING MYSELF, WHO HAD A BID IN TO BUY ANOTHER 250,000 @ .0005, BUT FAILED TO REALIZE.......
Per AOL quote board, there was no trading of HOP-ON after 3:38 pm. Did anyone else notice same????? Usually it trades until 4.