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Yes, I sat by him once and heard him speak at a meeting in Detroit during his Pontiac days. What a classy guy he was. Everyone was in awe of him and were totally shocked when he left GM to form his own company. Yes, my understanding, was that he was trying to save his company with the drug thing. The DeLorean Auto is still one of the sharpest cars around IMO.
Just read that John DeLorean died. When the word entrepreneur was coined 'he was the modern day model'. A great loss......
Thanks, entirely, but now that Hop-on has distributors (ie., Wintec and WirelessX), I do not see it being 'lead to oblivion'. The 'share price' is being lead to oblivion, but the company itself, appears to be in better shape than it ever has been. Any money that may be pocketed from here on out from sale of shares would have to be OUR money that we use to average down with. Who else would buy the stock? I suspect if we all stopped averaging down, the pps would go up, but I do not see that happening. Also, if PM leaves the country as I've heard mentioned, wouldn't that result in his no longer being involved with the company?
As long as we keep averaging-down (and yes, I believe most if not all of the buyers of these recently issued shares are the posters on this board and RB) there will be a 'market' for these diluted shares; and as long as there is a market they will continue to flow. Last week, I was convinced to stop averaging down and will continue to do so, so long as I am convinced that the other posters are doing the same. But if the pps goes down to .0005 and there is a 100 mil+ shares sold, I will suspect that you guys ARE STILL BUYING, and I, in turn will get back in and average down some more myself. Is that the definition of a 'death spiral' or a survivor tactic?
No, am not a shill, but this is my first penny stock venture
(now sub-penny) and am not going to give up on it because of a looming r/s. Am having more fun with this POS (there, I said it) than any other stock I've played, and will use that to try and justify potential loss. I believe most everyone on these boards is 'holding' their shares, like myself, and will even be averaging down some more. There MUST be a 'reason' for such incongruous behavior, and what it is, I suspect, is that deep down in our guts we still believe IT IS A WINNER.... Go Hop-on.....
Is that the 'house of cards' thing? Yes, I did see that and it did not bode well for past performance as I recall. Even so, does it not take 'an entrepreneur' rather than a manager to 'establish' a pink sheet company? Maybe PM WANTS to let a so-called 'manager' take over control of the company, but NOT UNTIL HE GETS IT OFF OF THE PINKSHEETS.
Right, and PM is the one that had the guts to take on that competition, so, I won't fault him in his methodology (ie., modus operandi?).
You may be right, Sidehill, but am too stubborn (foolish?) to give up on Hop-on as of now and will be holding for the r/s if and/or when(?) it comes. It reminds me of my Pan-Am investment.
It too kept going down and down and I, too, kept 'averaging down', not believing that a great airline like that could go out of business, but then the Lockerby thing happened, and that was it, Pan-Am was gone. Well, maybe, a r/s will have the same effect on Hop-on, I don't know, but at the moment it certainly seems 'alive and well' to me except, of course, for the dilution.
Yes, he may have skirted the question to a certain degree, but the fact that he responded in such a short time and in such a positive manner, ie., "...do not believe the boards" , "...our business is going great", and "...to get us off the pinksheets"
encouraged me to believe that he has the interests of the stockholders (including himself) very much in mind. I do not believe that he is just grinding out shares to pay himself and gannon exhorbitant salaries, but that he has the best interests
of Hop-on and its employees and its owners in mind in his efforts to "GET US OFF THE PINK SHEETS". But, yes, a r/s, I suspect, is still very much a possibility, but 'not a definite'
(my quote); and I, for one, will stay long and ride out a r/s split should it come..... Go Hop-on.....
Alright, will not quote word for word, but basically I said that rumors are rampant on the boards of an approaching reverse split and I asked him if he could advise me as to whether a r/s was imminent, probable, possible or very unlikely; and basically his reply was to not believe everything that I read on the boards, and that as I could see from watching the booths (with my own eyes) from LV and NO that 'business is going great' and that his job now 'is to get us off the pink sheets'. Anyway, was very cordial reply and really appreciated by this stockholder.......
Alright, Entirely, but have to say I really appreciated his response like that. Mentioned in e-mail that web-cam site in New Orleans and Vegas was really appreciated as well....
My gosh, I just sent an e-mail to Peter and IMMEDIATELY got a VERY NICE reply. If it is legal to do so, will share contents of both with board. Please advise... Don't you have to address a letter as OPEN Letter to later post it on a public medium....?
To all posters: I sent an email this morning to wireless excessories that said, "Please advise when Hop-on 1806 phones will arrive. Thx, dc Just got a reply that reads, "Hello...
We received an E-Mail from you today asking about the Hop-on 1806 handsets. I just wanted to let you know that we have them in stock in all four colors. Please feel free to contact me back if you would like to set up an account and purchase any. Thank you, etc........
On the basis of a 'fluff' pr, thought it might get up there, but no pr today. Saw your conversation with starterone on rb, billy, he reminds me of largecap......
DB: am going to use the .25 mil shs to try my hand at daytrading. Right now, have a sell order in for them @ .0011 and if I sell, will then put in buy order @ .0007 for same. In other words, will use the .25 mil shs as 'learning tool' as well. The million shares will leave to fate of r/s.
I believe I told the board I had 1.25 mil shares and it is the .25 mil that I have a sell order in for. This will leave my 1 mil shares subject to reverse split. Am going to make that 1 mil into training tool for myself (and the board if interested) to see if I should/or should not have sold out.....
Already did, for 'some'. Would like to see ONE LAST SPIKE, however, before the inevitable r/s.......
Just cancelled my buy order......
I hope you are right, Entirely. If so, then we do not have to worry about a r/s. I can't think of anyone on this board who would vote for one or on RB except perhaps Boiler and Irritant, but can't say for sure. Thx, dc......
Greed for POWER, maybe, but not necessarily for money. If PM wanted 'only' to increase his wealth, i believe he would see the benefit to be realized to his 'own' holdings by letting another take over. Actually am impressed by his management abilities, taking into account the legal problems he has had in the past and his initiation of the 'disposable phone' concept. Really amazing, in IMHO.....
DB: It sounds like the minority shareholders are totally at the mercy of the majority shareholder (singular). Therefore, it is 'what action' will be taken to benefit the majority s/h the most that needs to be considered. As the majority s/h PM would not want the value of his own stock to go down anymore as a result of a r/s and as chairman of the board who looks out for the interests of 'all' the shareholders (including himself) he would not want a r/s. He should, therefore, want to do whatever is necessary to 'avoid' a r/s, which would be to get credit (ie., outside funding for ongoing operations other than through the issuance of more shares). This he probably cannot do because of his past legal problem(s), therefore his only options are 1) to step down from the chairmanship and allow someone with good credit record to take over, or 2) continue current funding of operations (before revenue from sales is realized) by issuing more stock. It is his PRIDE, therefore rather than the potential content of his wallet (and ours) that worries me, and I suspect his PRIDE will make him chose the latter alternative resulting in a r/s.
But if PM is the 'majority' stockholder, Entirely, can't he decide on a r/s on his own without the approval of the other stockholders? Thx, dc....
Now 'I'm' worried about a r/s. If PM can dump 7 billion more shares into the market 'after' the r/s then yes, the pps 'will' go back to what it was 'before' the split. Thx, Mathias.....
If there is a r/s of 100/1, for example, then the 3 billion o/s would become 30 million o/s, correct? Would the same be true for the 7 billion a/s (authorized shares), ie., would PM be left with 7 billion or 70 million more to issue? Thx, dc....
mg: I think it was you that pointed out that hop-on phones were on the 'incoming' list but not on the 'just arrived' list at wirx, and upon last check that is 'still' the case. As I recall, the deal with Walgreen's fell through (concerning original disposable phone) because Hop-on 'failed to deliver'. Until I see hop-on on the 'just arrived' list will wonder if history 'repeats itself'.
Jon, No need to apologize. Really was amused to be labled a possible shill. I think I am a pumper, ie., long, though because as long as I see Hop-on as a 'survivor' I can't see selling my shares at a loss right now, even if there is a reverse split. Yes, apparently, some company's shares go back to original low price in a couple of weeks after split, but is that because company was 'not' a survivor after the split. Right now Hop-on has two distributors which they did not have before (ie., wirelessxcessories and wintec) although I wish they would get off the 'incoming' list and be on the 'just arrived' list at wirx. Was just over to the RB board and they are talking about dumping their shares 'now' before the r/s is announced 'without warning'. Panic selling of shares scares the hell out of me, I guess because I fear I may find out I should have joined them. As of now am still a 'long' and 'hold' and will only average down some more if it drops all the way to .0005... Thanks again for the 'shill' compliment. Wish I had a printer to save that message for posterity. Lol......
Who was the blonde there yesterday morning with the short skirt and long legs? Is she an employee?
No,jon..., am not a shill.. Have 1.25 million shares that I've been averaging-down on over last two years and now have good-til-cancel order in to buy 750,000 more shares @ .0005, which would 'really' bring my average pps down, and "if" there is a r/s, I would have an even 2mil to be divided by either 100/1 or 1,000/1 split. Suspect I am not 'savvy' enough to be a shill as Billy would probably agree. Ha, lol.. Thanks for the complement, tho....
Just read something on RB that worries me and that is that hop-on is selling large blocks of shares to funders at 'less than' market who immediately turn around and sell same 'at' market. This would certainly cause havoc with pps, and these 'funders' must be part of the 122,000,000 mentioned in previous pep talk.
Sorry, I mean't to say 122,000,000. Must have gotten carried away with 'pep' rally talk. lol....
Gloom and doom seems to be taking over the boards today, but I see hop-on as a more viable and potentially successful ongoing venture than it ever was in the past. I believe if we had not bought into the company in the past at higher prices per share we would now be amongst the 122,000 who bought-in today at less than 1/10 of a penny. Should we not join those who are now paying less per share than we did and get EVEN MORE (ie., average down). This talk of a 'death spiral' is bullschitt. Why would PM or the so-called MM's want to kill the company now that it is apparently just getting on its feet? So what if there is a reverse split? Alot of these 'pinksheet' companies don't even survive so that they can 'have' a reverse split is my understang, and Hop-on, apparently, IS A SURVIVOR. Go Hop-On....
PS.... How about a deal with K-Mart... They still carry Martha Stewart's stuff as far as I know and she now has a shady past... Will e-mail PM tomorrow at peter@hop-on.com and ask if company has approached K-Mart.
A deal with Walmart was lost, Entirely, when the deal with Walgreens fell through. I believe WG and WM are owned by the same family (Co.). Bank loans cannot be obtained, I suspect, because of past shady(?) dealings of predecessor company. It takes a flambuoyant (as I've heard PM described) personality to establish a company like Hop-on in the first place, I suspect, so can't really expect him to step down unless its the only way for 'him' to raise the value of his 'own' shares. Gannon strikes me as a good spokesperson for Hop-on. Can't judge his management ability at this time. If no bank loans, however, there is no burdensome debt, therefore if hop-on is eventually allowed to 'pop' that would be taken into account. Just my thoughts. Thanks
This morning there were 'two' camera shots and later in the day it went down to one camera shot tilted down so that you could not see the heads of those at the booth. Also there was blonde with long legs there attracting alot of attention. Also Dan Gannon and Peter Michaels appeared on camera.
db,
I see dan gannon and mike d, but have'nt pinpointed pm yet. Am really impressed by their appearance at show. great pr....
Thanks, db, I see the same young lady at the booth who was in Vegas as well. She strikes me as very sharp, very attentive and very attractive spokesperson for hop-on.
See the big guy with the beard hanging around the booth again... Anyone know who he is? He isn't PM is he?...
trk,
Got it. Had to type hop-on.com into browser, rather than picking up from favorites menu in order to find link. Thanks
"Live from CTIA" replaced with old "Breaking News" link on Hop-on website. Darn, was really impressed with Web-cam hook-up during Las Vegas show, too. Hope same for this convention...
billy,
Just sent email inquiry to michaels@hop-on.com (before reading this correction). As yet it has not bounced back, but if it does will re-send to peter@hop-on.com and will keep board posted of any response. Thanks, Dixiecats