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sunbiz.org
document searches
inquire by name, enter Heritage Capital Credit Corp.
choose Heritage
look at date of last filing: it is 12/27/2007
then look at list of pdf filings, at bottom
look at top recent one.
look at the previous A/S -ammendment, on the same site. It has a similar look, and the A/S total is actually crossed out and changed with a pen.
If someone wanted to fake out traders, they would of put 50 billion on tha page. I have no doubt the 6 billion is authentic, but obviously, we will all make our own decisions here.
I won't go on about all this, I have just grown very tired of promised closings, and missed deadlines.
thanks for the compliment. Been here a while, attended shareholder meeting, etc. In the past, I would just pm a couple people, but I now feel public sunshine is the best policy here.
agreed. I can not imagine 2 billion shares would be enough for any merger...this is for cash to stay alive
Link: Florida Department of State, Division of Corporations: Filings
http://www.sunbiz.org
Search under 'Document Searches' which lead to the tab 'Corporation/Trademark/LLC/LP' and then tab 'Inquire by Entity Name.' Then type in 'Heritage Capital Credit Corporation'. The relevant filing page will then come up automatically
view top pdf document, most recent ammendment
go to fl sec state link in Ibox, (sunbiz), view today's ammendment, just posted, has been pending since 12/27, viewable today.
Auth raised form 4 to 6 billion
Heritage raised authorized to 6 billion shares, per Fl SOS website
.0001 seems certain at this point.
Continual selling. Eom.
I would not be surprised if the shares being sold represent past dilution from Heritage. Shares which they prob sold at a discount, and are just now hitting the street, even though they got funded a while ago.
There are numerous ways to get restricted reg-d shares into public hands, and there may have been many fully tradable shares left to sell off as well.
Naked short list daily, the individual stock short data is unclear, it is a spreadsheet which does not state valid thru date, but it seems to me it's accurate up to a few days old.
Once a month closes, the total is finalized.
Also, no way to know how accurate or complete their data is, esp. on pinks.
You need to subscribe to get individual stock share data, and then, only some stocks have it. Many pinks come up blank.
Buyins shows 38 million new shares sold short in October, up to a day or 2 ago. For September, around 60 million shares were sold short.
There is no data on how many of these new short shares were covered.
No squeeze trigger price listed, and not on Naked short list.
Got a late start, Hertitage surprises us with an unusual pre-market pr, good news for sure.
Imo, fake trades. Yesterday we had a 5 million share sell at .0002, which started some selling at bid, and then, end of day the trade was deleted...fake trade ??
Now we see 18 million worth of trades with mm's swapping the same shares back and forth, trying to get people to panic and sell at bid.
MM manipulation is an every day event in many pinks, and this stock is no exception.
About Us page on Heritage website has been updated, with easier to understand explanations of what they do.
http://www.heritagecapitalcreditcorp.com/id1.html
I think it likely the shorting is short term, short at ask, try to cover a point or 2 lower. As the CEO, Carol, said in the interview, it all comes down to closing a deal, and beginning revenues. Just need to let this play out.
Imo, any run in price will be news based.
Increasing HCPC short situation. Buyins.net now shows 65 million new shares sold short in September. About a week ago, this number was about 45 million.
Mm's inventory might be getting thin. They just posted a silly 2000 share trade at .0002
Yes, a month or more ago. Check Florida S.O.S. web site, or posts on this board from a month back, or so...
In recent interview, CEO said they had a plan to merge with a funding conduit, after first round of loans close. Perhaps the successor comment relates to that.
Auth is 1.5 billion, not near that now. eom
Reviwed short data from buyins, showing many new shares sold short recently. I suspect HDSN was a seller. Looks like they are trying to drive selling to .0003, to cover
In that case, he has a lot of bad karma to overcome.
As of Friday, 47 million new shares short, sold in Sept. according to Buyins.net short data for HCPC.
This is up from 20 million just middle of last week.
Have to think many shares were covered today ??
Heritage Capital Credit Corporation in Discussions with 5 of 26 Business Clients
Wilmington, DE, Jul 30, 2007 (WORLD STOCK WIRE via COMTEX) -- Heritage Capital Credit Corporation (OTC: HCPC) announced that it is engaged in discussions to refund loan application fees paid by 5 of their 26 Business Clients, in 2004 and 2005, totaling $93,386. The 5 Business Clients have expressed dissatisfaction over the length of time that the Company has taken to consummate their respective financings.
Chairman and CEO, Gwendolyn Johnson stated: “We value our business customers and appreciate their patience over the past three years. Yet, we respect their needs to seek other sources for their business plans for funding in this current credit climate.”
Although the credit markets are getting tighter, the Company believes that by the end of the third quarter of 2007, it should be able to clarify the credit markets' understanding of risk related to the BCLOC Promissory Notes, which are secured by direct pay insurance contracts
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.
Story is not fake.
i'll ask a mod to delete my post. Eom.
Most long term holders have been aware of this, I think. It's the newer MOMO players that may not of known. And now, it won't run like it might have, hence the exodus.
So be it.
Overstated issues here. Obviously they have not funded loans, thats why there is potential. First loan closing soon.
They did not "steal" 280k from "unsuspecting" clients. The main client wanted to borrow 45 million dollars.... not exactly an everyday deal. And they are refunding the fees, and not charging fees anymore, since deal closing took so much longer than expected. Fees do not represent a significant part of their revenue anyway.
They have struggled to get to loan #1, but we are nearly there, and I suspect these old issues will long be forgotton soon.
And we are paying .000X for this stock...not exactly a highly over-priced deal here.
Its taken company 2-3 years to get to point of closing deals, and some early borrowers were hurt by delays. Company already announced they will reimburrse them, obviously it will be after 1st deal closes. We are only talking 300,000 dollars, or so in fees.
It will pass, but it's prob why company makes it clear on their website, and in shareholder letter that they are not a direct funder, thay collect and package the loans.
I have been aware of this issue for a bit, it will pass. Many things will become non-issues here, on first closing
Just noticed. Great boardmarks here.
Monday gapper ??
good MM ask lineup now. em
Imo, lot's of shorting this afternoon. Eom
And i have shares from much higher also.
.0003 lowest for me. eom