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Why does Service Team Inc. appear to be a dissolved corporation? The dissolution was filed on 9/5/2017.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=H3bskWMtSTFbnKTmgwn6UQ%253d%253d&nt7=0
What is the SVTE official Twitter profile? Is the following profile name the correct one for SVTE? Or has this been proven to be fake?
https://twitter.com/SERVICETEAMINC
Does anyone else think they deliberately created their buyback rules to prevent themselves from being able to buyback anything? They made their rules very restrictive. I think announcing the buyback was just a PR ploy to get people interested. They aren't going to buyback anything, at least not anytime soon. This stock was a waste of money.
The CEO seems to follow through on his promises. He tweeted yesterday about getting PRs out soon to let us know about company activity and growth. Any PR soon should help get this stock moving up.
I like that the CEO keeps us informed via Twitter. Here is a link to his account, if you don't already have it.
https://twitter.com/serviceteaminc
Thanks. Is that your target for this month or for 2018?
I am new to SVTE. What is the expected short term PPS range? Anyone see potential for .001 or higher?
I noticed a new action item filed in Nevada by HAON. It is missing details for some reason. All it says is PREFERRED STOCK "A" AND "B". So I really don't know what is means, but it was filed yesterday. I guess HAON is going to have more than one type of stock now?
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=6KMe79fyS8x4FvsKWEjaIQ%253d%253d&CorpName=HALITRON%2c+INC.
Do you mean it is dumb to sell at .0002 or buy at .0002? There are millions of shares available to buy at .0002 but nobody wants them.
When I bought my HAON shares this Summer, I thought we would have been to a penny by now. Does anyone else still think a penny will happen this year? If some amazing news comes out, maybe it is still possible, but I really doubt it now.
Does anyone else waste time making spreadsheets to calculate how much money you think you will make if your stock makes a run to a penny (and beyond)? And then you look back to when you were doing that and realize you were an idiot? That's not just me, right? :)
HAON filed this morning!
All that excitement about the quarterly report, and when it finally gets here, the stock drops to .0001. I wish I never bought this stock. Unfortunately, I am stuck with it until at least .0004. Maybe there will be a good PR soon.
Correction: apparently we actually closed at 0.000147. Either way, we closed down on the day of the release of a highly anticipated quarterly report.
This is what the report says about a dividend:
"Asset sale of two brands owned by HAON to LTCP for the receipt of 56M restricted LTCP common shares plus 80M LTCP Preferred Stock C shares with a payment value of $3M in 2020. Management intends to dividend out the LTCP Preferred Stock C to HAON shareholders of record at a future date to be announced upon receiving approval from FINRA once the corporate action is submitted."
I would expect to see a PR today or tomorrow. That is where we will get the news on a dividend, possible acquisitions, etc. The report only contains information that has happened or has been filed with FINRA and is going to happen. A PR would tell us highlights from the report and provide an update on things we are waiting on. So I hope to see a PR soon!
I guess so. I don't remember seeing it on other OTC reports, but it does look pretty standard.
These don't sound so good:
NOTE 7 – GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will
continue as a going concern. As shown in the accompanying financial statements, the Company
incurred losses since its inception and has not produced enough revenues from operations. These
factors raise substantial doubt about the Company's ability to continue as a going concern.
The financial statements do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts and classification of liabilities that might be
necessary in the event that the Company cannot continue as a going concern. Management
anticipates that it will be able to raise additional working capital through the issuance of stock
and through additional loans from investors.
The ability of the Company to continue as a going concern is dependent upon the Company’s
ability to attain a satisfactory level of profitability and obtain suitable and adequate financing.
There can be no assurance that management's plan will be successful.
NOTE 8 – LACK OF INSURANCE
The Company could be exposed to liabilities or other claims for which the Company would have
no insurance protection. The Company does not currently maintain any property insurance,
business interruption insurance, products liability insurance, or any other comprehensive
insurance policy. Any purchaser of the Company's common stock could lose their entire
investment should uninsured losses occur.
"Since the announcement on October 30th, 2017 the Company has been operating in the black out period, therefore no shares have been acquired under this program as of November 15th, 2017 = 0. Management is forecasting the acquisition of shares will commence throughout the 4th quarter of 2017 and going forward."
The report is out!
http://www.otcmarkets.com/stock/HAON/filings
I do not see anything new in it, but I just started reading it.
It can't be happening. Based on the blackout periods Halitron set, I do not think there has been a day that qualified.
15 Days prior to posting annual and quarterly financials.
1 hour at open
1 hour before close
3 days prior to a Press Release
3 days post Press Release
No more than 25% of the average four-week volume.
Where is the report? If they don't release it tonight, we will be seeing .0001 tomorrow.
Wonder how much the net loss is for the quarter? At least they have some revenue to offset it.
This quarterly report will either take us to .0001 or .001. I no longer have confidence in a penny run. That dream died. Maybe the next OTC stick I buy will be that big runner, but I don't think it will be HAON.
For the quarter ended June 30, 2017, HAON had a loss of $1,017,000. They estimated revenue of $150,000 in last weeks PR, but their operating expenses must be pretty high. I am expecting a loss for this quarter.
What I really hope to see soon is news on acquisitions. If they announced they were buying something in the MMJ sector, that would be great for the PPS.
This better be an amazing quarterly report. If it isn't, this stock is dead. They are working there way towards dumping all 11 billion of their shares. I was hoping to see a penny but I really doubt that now. No way this company is worth $110 million (11 Billion * .01).
Not common shares though. They were to be Preferred Stock C.
The only thing we have heard from them recently is that they will buyback stock and a preliminary revenue amount. We still need information on the dividend, acquisitions, buyback details, or any other thing they are working on.
I am worried about the quarterly report. I think HAON will release it tomorrow, but I am worried that it won't contain any new information. If it doesn't have some good news in it, this stock price is going to remain where it is. I am hoping it contains some great news and we finally move above .001, but I don't have confidence anymore.
What if the quarterly report doesn't tell us anything new? We already know an estimate of revenue. It doesn't sound like they could have bought any shares back yet. This report could contain nothing new, which means this stock still won't move.
I am hoping the report contains good (and new) information! I still have a lot of HAON shares and I want it to get to a penny. But I have been very disappointed in this stock.
I am hoping MJ! I want this thing to run up to a penny+ so I can dump it and move on.
Three days post press release, which means nothing in October.
OTC Markets updated... Outstanding is 6 billion out of 11 billion.
http://www.otcmarkets.com/stock/HAON/profile
The quarterly report is not going to be that great. They couldn't have bought back any stock before the quarterly is released. The reason I say that is because of the blackout rules they released in today's PR. Based on those rules, there haven't been any days where they could have bought back any shares. So unless they have some other great secrets to reveal in the report, there isn't going to be much to it. Maybe we will see .0005 briefly, but that is about it. I shouldn't have believed the hype.
This stock is frustrating. We get news and close the day down.
Based on the blackout periods for the buyback, it looks like they couldn't have bought anything back yet. I was hoping the quarterly report would say they bought back shares already.
HAON needs to issue a PR that explains the increase. Maybe they needed it for an acquisition. But without knowing, and without getting a timely PR, people will assume it is for more dilution. Just because they say they are buying back stock, that doesn't mean they really will do it.
That is their incorporation date.
Authorized shares have been increased.
The total available is now 11 billion!
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=6KMe79fyS8x4FvsKWEjaIQ%253d%253d&nt7=0
I guess that is okay as long as the outstanding starts to go down. But why did they increase them by so much? This may not look good to investors on Friday morning.
You're a moderator. Are you unable to remove a sticky once it is added?
Either way, thanks for the information. It is nice to know that the CEO cares about message boards. I always wondered if read them.
The patience part is hard. I bought my shares in July, thinking it would go to a penny quickly. Still waiting. I think it will pay off eventually, but waiting isn't easy.
Every OTC stock has a crazy high ask and low bid after hours. That isn't something that only happens on HAON. It is normal.
In one week, I think we will be at or above .001. But only if the quarterly report comes out on (or before) the 15th. And only if that report contains good news. Wishful thinking?
Agreed. I think any information we have seen on the dividend should be considered old and outdated. But any dividend, along with a positive quarterly report, could propel us next week.