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Maybe it’ll be our Christmas present from Findley.
We all paid dearly for Findley’s acquisition of Hopp, while it didn’t personally cost him anything. Now we’re stuck. The sky is blue. The grass is green. What’s new?
Very true. The only two ways out are taking a 50% loss or Findley ponying up and buying back over 1 billion shares ($200,000+). The former currently seems like the more attractive option, which is saying something. I’m actually more frustrated by my waste of time than waste of money.
I’m actually impressed we’re still seeing $.0002s. Maybe there’s hope after all...next year.
Hypocrisy from the intern’s Twitter:
In October 2017, Halitron put out a PR announcing a buyback up to $.01/ share. The words “won’t be at these levels much longer!” were highlighted for effect. Ever since, tweet after tweet from Halitron has claimed big news around every corner.
*PPS swan dives to $.0001, with BILLIONS more shares flooding the market. A measly 6.5M shares have been repurchased since buyback announcement over 9 months ago. The audit remains unfinished.*
Last call for $.0001! Everyone else will be trapped at no bid!
Yeah, but I don’t think Bernard is prepared to repurchase $200,000 worth of shares...at least not this year.
Run! Save yourselves! There are limited lifeboats! Quick! Before it’s too late! We’re going down!
1 billion shares @ $.0002 = $200,000
Fat chance we’ll ever break through that, what with Findley’s track record of lackluster buybacks.
Ole ‘Nardy screwing everyone six ways to Sunday.
My how the tables have turned... it used to be about 1 billion on the bid ($.0001) and a few hundred million on the ask($.0002). NOW, it’s a few hundred million on the bid ($.0001) and almost 1 billion on the ask ($.0002).
People are running for the exits!
Believe me, I would if I could. When there are little spikes, there are also usually hundreds of millions more shares in line before me from people trying to sell their shares while they can. It’s like trying to buy at $.0001, you can put in the order, but the order may never be filled.
October (3 months away) will be our 1 year anniversary of being screwed in the ask by Findley. How romantic. August will make it 2 months away...so exciting!
Right, but $HAON seemed to be hiding behind their incompleted audit in some of their PRs. Making it sound like they were waiting to finish the audit before buying back shares and THAT was the hold up. It was as if they were using it as an excuse.
But you’re right, there’s no reason the audit has to come first or separate, the buyback and audit could happen simultaneously. It’s just more of Findley’s crap.
I also can’t believe the audit is taking this long. The IRS is faster at auditing, which is saying something... none of this smells right.
400M shares on $.0002 ask. That’s $80,000 Findley will need to spend JUST to reach $.0003
Do I see it happening by the end of 2018?
No
Will it?
Maybe
Guess we’ll just have to wait and see
If $HAON sat at $.0005 or $.001, I wouldn’t be so annoyed, because although it’s not the coveted $.01/share, at least it would speak to some progress. Since the PPS reflects ZERO growth, 9 months after announcing the buyback, it’s unbearable.
Yes. I have thought about it. That’s why I’m so irate. I’m not concocting baseless negative scenarios. If you are only willing to entertain scenarios you like, you have lost the ability to be objective about $HAON.
Fact: There are 330M shares weighing down the ask at $.0002 ($66,000)
Fact: The A/S has been increased by 14 BILLION shares
Fact: Since October 2017 when the buyback was first announced, Findley has only repurchased 6.5M shares of the 10 BILLION outstanding (as a percentage, that’s .065% of the O/S, so not even 1%)
Fact: It is now July 2018, it’s been 9 months since the initial buyback announcement
Fact: There are 5 months left in 2018
Fact: $HAON has self imposed buyback guidelines that limit share repurchases to 25% of 4 week average volume
It’s basic math. You take the 4 week average volume and divide it by 4. There’s your 25%.
You compare that number to the 330M shares on the $.0002 ask.
This is what leads me to predict no real PPS progress in 2018.
Maybe 2019.
$HAON can use their increase in authorized shares to ISSUE MORE SHARES, adding MORE to the outstanding share count, which allows Findley to acquire new companies. That’s great for $HAON and great for Findley. It doesn’t cost him anything, while shareholders pay through the nose. The dilution caused by this will weigh down the PPS even more than it already is. More dilution equals less value for shareholders. 6.5M steps forward, 14 BILLION steps back.
$HAON is a big girl. Getting her up off the ground is going to be no easy task, she’s gonna have to lose some weight first.
330M shares on $.0002 ask right out of the gate. That’s $66,000 worth of shares.
I highly doubt Findley is going to jump from buying back 6.5M shares over the course of 9 months to buying back 330M shares by the end of 2018.
We are all so royally screwed.
I wouldn’t be surprised if $HAON still hasn’t budged by Christmas.
If $HAON were a person....
No one is 100% sure of anything. I do, however, believe actions speak louder than words.
Things Findley has SAID he’ll do:
-Buyback up to $.01 per share
-Audit
-Increased revenues
-Website
Things Findley has actually shown action with:
-Website, but it’s very unprofessional/early 2000s looking
-6.5M shares bought back over the course of 9 months
So yeah, technically Findley has bought back shares and published his website, but he did a half azzed job of both. Let’s just say I wouldn’t hire him to work on my house, car, or health....
At this point I just expect more of the same, hyperbole on twitter and underwhelming, lackluster deliveries. He’s done nothing that would lead me to expect otherwise.
Swindled. Bamboozled. Hoodwinked. Fleeced.
Oof. $80k on ask. See ya next year, I guess, because I don’t believe Findley will buy back $80k worth of shares by the end of the year.
The PPS hasn’t recovered from the last acquisition and Findley’s already preparing another one with the increase in A/S. What is he playing at?!
341M shares on ask. That’s about $68k. Seeing as Bernard has only repurchased 6.5M shares over the course of 9 months, that frightens me.
I wouldn’t mind waiting if there was a difinitive timeline, but blindly waiting indefinitely is what’s unbearable about $HAON. It’s such a long shot.
6.5M steps forward, 14 BILLION steps back
At this point I wouldn’t be surprised if the PPS doesn’t budge by Christmas.
Fair point, although there are over 1 BILLION shares worth of bid sitters @ $.0001
1 billion shares @ $.0001 = $100,000
So there’s still some wiggle room for eeking out a few more convertible notes if Findley really wanted to
What a kickolas to the nage.
On the brightside, $HAON seems on track to produce it’s first $1M+ revenue year, albeit unaudited. Revenues, not profits, but still. It’s better than nothing.
If $HAON reports Q2 buyback numbers below 10M shares AGAIN, I’m calling it: See ya next year. It’ll be at least 2019 before any real progress on the PPS and therefore, uplist. October will mark 1 year since buyback announcement.
I sure hope not. $HAON needs their PPS @ $.01 to qualify for an uplist to the OTCQB. That and the completion of their audit. I hope that doesn’t take 2 years more than the 9 months we’ve already waited.
There’s no reverse split or dilution taking place, as per the company, at this point, so people need to stop saying it. It’s false.
Tweets and unaudited reports of increased revenue will not be enough to get 10 BILLION shares up off the ground. Only share buybacks can make that possible.
I know increased revenues equals increased buybacks...eventually...but until the increase of buybacks happen, the increased revenue (which is not the same as profit), means jack sht. There are simply too many shares outstanding to get $HAON up off the ground.
I’m looking forward to seeing whether $HAON bought back more than 6.5M shares this time around.
According to $HAON twitter, Q2 yielded more revenue than Q1. Q1 was $361,000 so here’s to hoping Q2 was worth the wait. I’m not holding my breath though. Also, this is all unaudited, so who knows the validity of it. Not sure how an audit can take this long either. Really hoping to get this wrapped up soon, 9 months after announcing buyback, maybe Findley will actually follow through.
https://www.otcmarkets.com/stock/HAON/news/Halitron-Inc-Beats-350000-Forecast-for-the-First-Quarter-of-2018?id=192657
Halitron is little league baseball on the OTC. Berkshire Hathaway is MLB. Comparing the two or equating the two is delusional. Bernard Findley has an ego problem if he thinks he’s anywhere close to Warren Buffett. Warren Buffett doesn’t believe in excessive leverage, but believe what you want. I’m not going to argue with you anymore.
Did you even read what I wrote? I wasn’t being critical of the buyback element, I was being critical of even thinking Berkshire Hathaway and Halitron belong in the same sentence. Implementing a buyback program doesn’t make $HAON like Berkshire Hathaway any more than me swinging a baseball bat makes me Babe Ruth. Buying back 6.5M shares does not a Berkshire Hathaway make, ESPECIALLY with 10 BILLION shares outstanding @ $.0002/share.
It’s weak and pathetic to try to use another man’s success to get people to buy into $HAON
“Because Warren Buffett did it, Bernard will too!”
This is the egotistical lie Bernard’s trying to peddle by claiming to be using Berkshire Hathaway anything.