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According to 8k from yesterday, looks like they expect to receive monies from 6 mil settlement by July 31. Read through it and the stage is set for a possible buyout by that date as well. Beyond that they just won a patent fight vs. INTEL in Feb so that will lead to either another settlement or license agreements.
So to sum it up, in the next couple months they will at the very least be debt free, with cash in hand, and have INTEL dead to rights.
Anyone looking for starter DD package here, read through the 3 most recent 8k's.
We churned through 8-10's in Feb. Very much think we start churning through teens.
A lot more eyes will be on this come Monday. Nobody even knew about this unless it was already in their portfolio or they scan OTC markets for new filings.
If you read the 8k's today I would say they are quite transparent. This company hasn't even diluted. The OS is the same it was 9 years ago. Why any shareholder, even a crusty one like yourself, wouldn't be excited today is a head scratcher.
I do wonder if that's the case. Notes are to be paid by settlement monies by that date as well according to the 8k. They will be clear of debt and ripe for a buyout.
Could a buyout be looming in the near future...
"In the event that there is a change of control transaction (a “Change of Control”) prior to the Maturity Date, the Additional Promissory Note shall be immediately converted to Preferred Stock of the Company."
"If not earlier converted in connection with an Optional Conversion or as a result of a Change of Control, the Additional Promissory Note will mature on July 31, 2019"
HDVY $$$ Solid EOD action, next week the fun truly begins. Have a great weekend.
We are sitting on a secret gold mine here. Won't me secret much longer...
This is going to hit BOB this weekend and a lot of eyes are going to see what we have here. We could truly see paper here. Great day to buy.
If it goes through litigation it could take awhile with INTEL. But with the patent win against them and NEO litigation wrapped up, INTEL is staring at a hands down loss.
The patent loss puts them in a significant holding pattern and the easy way out is for them to buyout HDVY or sign a license agreement.
In the meantime company just won $6 mil and sounds like they expect to have money in hand by July 31.
HDVY..couple huge 8k's out today.
You hear crazy stuff like that about practically every ticker on ihub. This could actually be that unicorn people are always chasing.
Something big is coming here. Might be a buyout from a big corp, might just be more huge settlements and licensing agreements.
OS only 269 mil here and note holders getting paid from settlement monies. This SS will remain low.
From today's 8k: "In the event that there is a change of control transaction (a “Change of Control”) prior to the Maturity Date, the Additional Promissory Note shall be immediately converted to Preferred Stock of the Company."
Hmmm, I smell a potential buyout.
All kinds of yummy stuff to chew on from the 8k's today.
Note holders opting for settlement monies instead of converting shares in the market. They also can convert 2nd note to preferred shares instead of common. Tells me the insiders know where this is heading $$$
Very interesting here. Been tracking it since the pop a couple months ago. Once word spreads this place could go crazy.
This could easily run to a penny in the coming weeks IMO
Yep. Sort of glad the market is closed tomorrow. Hopefully next week brings blue skies. This has been a week to forget.
With that said if they do get the backing of an institutional investor/s than shit would get real interesting here. The fact that it's only being offered in New York and all the trouble they went through filing this offering and shedding light on their total ops tells me they might already have an investor lined up.
If this offering gets bought up bulls will have a parade.
I must admit, not thrilled to see ALPS guy on ask with ominous 10k.
Also regarding the offering again 1.8 bil is being offered. Although the company puts in their statement the offering is for price range 005 to 01 the SEC form itself reads 1.8 bil for $3.6 mil in proceeds.
If I were an institutional investor why would I pay 005 or 01 if you are willing to offer 1.8 bil shares. Do you really think the company wouldn't sell them for 002. Especially if retail might get hit with 2's by toxic lenders again.
Look on the form 1-A under item 1: Financial Statements subsection Income Statement Information. Net income reads 2.79 mil.
Thanks for that. Could not find it anywhere on the filing. Looked at it many times using my phone and thought I was going mad LOL.
I guess so because I'm still not seeing it. Only thing I can find about price is .0075 which if that is indeed the midpoint price for the offering then that jives.
Could you post a link to this verbiage because I don't see it. Thanks and sorry for the confusion. Trying to wrap my head around it as I'm sure some others are.
Where do you see that?
I interpret the form that they are putting up to 1.8 bil on sale for up to $3.6 mil. Tells me they could be had for .002
I could be wrong on this though.
Stop me if I'm wrong. The .0075 is the number you get if you divide the 3.6 mil they are looking to raise with the current OS of 480 mil. The company is willing to issue up to 1.8 bil shares to raise that much capital.
They will not issue 1.8 bil unless they are selling them at 002. If they use the proceeds to settle all notes this will have a better effect on the OS and in turn pps than if the toxic lenders have their way.
Agreed. PR should have been articulated well, then there would have been no head scratching by shareholders.
I'm willing to give the CEO a pass on this error. Once the dust settled what we have is a CTO back on board and company is driving forward to give this company more value.
PR was not articulated well at all. Seems to have been rushed. Maybe Daniel needs to hire an IR person next.
Nothing has changed here. A few Ihub hypers got themselves and some others over hyped. At the end of the day these prices are every bit as good as they were two weeks ago.
Doubt it unless OTCX is holding more. Think we have flipped through 2's and 3's. No retail is selling into 3's unless they like selling for a loss.
Expecting to get good support in 4's and by the EOW think we start testing resistance at 6's again.
Agreed. I believe Daniel messaged someone last week, maybe it was you, and said long term shareholders would be happy. He forgot to include that short term flippers may not LOL.
If you still believe in this company and what it's holding onto, today is another great opportunity to buy.
So much wailing and gnashing of teeth, yet here we are still holding 005 range. You would think we were in trips by now...or is that what some are hoping for LOL
$BRKK
This could very well be the case. It should be articulated a lot better in the PR though than it is. Today's PR is half baked.
Not bashing, just calling it for what it is. Still long here.
The only good news I can glean from today's release, if indeed it was THE NEWS, "Mr. Shields will be instrumental in submitting new patent applications and other Intellectual Property protections needed to protect the Company's current and future IP."
This is amusing, Shields was announced at CTO in the same 8k that Daniel was announced CEO. July 14, 2017. LOL
Imagine if we get partnership news with a major sports league or network combined with collection of lawsuit money. Momo would be off the charts and the company would be sucking up $1 million of shares to retire. Can you say weeeeeeeee
No, if you were truly smart you could have picked up 25's and flipped them for more than a double the last couple weeks rather than spewing nonsense.
Right on. I would like to be assured though at some point that they are done adding to the OS. Maybe that will be a cliff note in the PR hehe
Worst case I think we get a PR about toxic debt cleaned up and going OTC current. Yes it's the least sexy but still is huge and all that other yummy stuff will start hitting in due time.
Good stuff, thanks.
Hoping PR comes pre-market on Monday. Start the week off right and make flippers squirm.