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about 2 hours from time actually sent by bank. 3 max.
Etrade is actually a bank, so wires to them post in 15 minutes.
Whick broker for wire ?
Sharerzzz pushing this now, 5 minutes ago
Great synopsis. You were also correct, .08 earnings are pre-tax
MM's prob loaded up on the 5's. When we bust .0006, I think we see faster jumps.
UBSS just left ask. They have been seller last 2 days
Let's see if they stay away.
I suspect O/S may be lower. I think she said after tax net earnings, I will listen again to verify.
If so, after tax would be about 27 million = O/S around 350 million, which is close to what might be expected based on T Trades
Your conversation with them is good news: about no need for further dilution.
Once again, no reg-d shares today. Eom
Likwit, who was it you spoke to ? CEO is a woman, Carol, and typically never takes investor calls. I am aware of someone in email correspondance with company, and they just said we must get all info when publicly disseminated to all, via pr, and company website.
Im my experience with the TA, they say fax in all requests as their policy, but in the case of HCPC, they eventually tell you to contact company directly.
The company posts share totals in quarterly financials, and then updates their web site on the day financials are released, giving us a more recent total. I expect company will refer you to the above mentioned financials, and web site.
I tried faxing twice in the past, but no luck
Doubt that can happen now, RH, and staff just got 60 million shares, so it seems they have total control now.
Pinks typically make a mistake promising financials, especially with a due date. They should ignore shareholder pressure, and surprise the market when they are done.
Heritage quarterly financials are very detailed. Not just the usual income, balance sheets, but cash flow, rental space agreements, financing details, insider and director ownership percentages, progress reports etc.
Their most recent report was 77 pages long.
They never skip a quarterly financial, even if results are not as expected. Many pinks put out financials on a random basis, when it suits them. Heritage has consistantly put out timely financials.
As I stated earlier, the CEO voluntarily signs off under Sarb-Ox, and would be in severe trouble if not factual.
We close deal number one here, and we are instantly in a different world.
Good entry point here, for anyone not in yet.
In fact, my view of the facts came from the appeals court own words, when they reviewed Ed's case.
They denied appeal, but clearly described the main issues in the case, in the footnotes. Ed said it was an over-reaction. Appeals court said it was not so aggregious to overturn a jury.
Juries were probably not very sympathetic during Enron era, if ever.
Time to move on here. Everyone can make thier own decisions. In the end, real revenues, closed deals, buybacks etc will rule.
HCPC chooses to sign under Sarb-Ox penalties, even though pink.
HCPC, a pink, files un-audited financials where CEO voluntarily signs off on main page, under Sarbenes-Oaxley penalties, even though most companies go pink to avoid Sarb-Ox. And she does this knowing the she will be under SEC microscope, due to Ed's past issues.
Issues from MERL case involving Ed: First, remember, this all occrred at the time of Enron, and MCI worldcom. The SEC was under pressure to enforce everything to the max. Ed fought this, on appeal also, but lost.
We are talking about insider trading issue amounting to less than 50 grand, or so, almost 10 years ago, by CEO's husband. I can not speak to how valid this was. HCPC has not pumped, manipulted this stock at all.
HCPC, a pink, files un-audited financials where CEO voluntarily signs off on main page, under Sarbenes-Oaxley penalties, even though most companies go pink to avoid Sarb-Ox. And she does this knowing the she will be under SEC microscope, due to Ed's past issues.
Two main court issues form what I see:
1. In 2000, Ed filed SEC registration statements for MERL, and the numers for 1997, and 1998 included Essex, a company bought in 1996, but then, in late 1996, seller began actions to rescind the deal with MERL.
2. Ed (MERL) acquired an asset from Hanold. Hanold overstated asset value, and MERL went to arbitration to collect. While still in arbitration over realistic asset value, MERL listed original purchase value on financial.
Carol is main shareholder in First Financial Group, which owns 4 times as many shares as Ed.
Ed has 38 million
First Financial has 103 million
Her shares are held there, most likely.
I think Ed's shares came mostly from fumding company with cash along the way.
Sustained buying, and you should see HDSN raise bid to cover. Also, news should come soon, and then we get a squeeze.
HDSN shorting = fast fills at ask
HDSN actions are now obvious. Eom.
Now 28 million new Sept Shorts. Eom
Verified Short Numbers... Last thursday afternoon, I pulled short numbers for HCPC on Buyins.net, new, additional short shares for Sept were 20 million.
NOw they are 28 million new short shares for Sept. In just 1 or 2 trading days.
I will check again tomorrow.
You can sell in 4 months, after holding 1 year. You need to file form 144, and must sell within 3 months of filing the form. Most likely, you will also need a legal opinion letter, which is just a formality, but will cost you a few hundred bucks.
The only limitation, after 1 year, and before they fully convert to unrestricted in year 2, is that large shareholdrs can not sell more than 1 percent of the O/S per quarter, meaning you could sell up to aprox. 700,000 shares GRCO per quarter, starting 1 year from the issue date.
http://www.sec.gov/investor/pubs/rule144.htm
HDSN bidding for shares now
interesting, thanks.
was it al all or none order, or were you allowing partial fills ?
All or None ???
Buyins short data: So far, for Sept, they show 20 million shares sold short. (not specified good through date - may not include last few days ???)
Generally, during the summer, Buyins shows about 4 million shares per month sold short.
Heritage board near top of Ihub breakout, and most active boards.
Np. Microcap screws up for me often.
which mm ?
You on realtime ? eom
Now were moving. Eom
IMO, This is great news, no T Trades today. I think we now have solid evidence that the current reg-d sale is completed.
Yesterday we saw Auto close out, and NITE give up a relentless lead ask.
Now, we have no T Trades today, and much more normal trading activity. We may see random swap T trades in the future, but to have a high volume day like this, with such aggressive buying, and no T Trades, is super.
Also, I have followed several other active reg-d stocks recently, and in many cases HDSN starts getting active, intermitantly on the ask, once reg-d sales are completed. Perhaps they buy up some scraps from the diluting MM, knowing the selling pressure is coming to an end, or just like to play a stock post reg-d, but it's been a repeated pattern.
Imo, it may take a bit of time for new shares to settle in stronger hands, and HDSN to settle down, but they will. And then, hopefully, we get a good pr about closed deals in next several weeks from company, and it will be a new era here. The CEO has said on at least 1 occasion, that they expect news by end of September.
NITE raises bid .0006. eom