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Re: nsomniyak post# 3822

Wednesday, 02/11/2015 11:14:27 PM

Wednesday, February 11, 2015 11:14:27 PM

Post# of 6417
I see your point, my bet is that they will. In the past I was a shareholder of AUGT(HIPP today) when ARENA was the CEO, got burned and took a loss back in those days. Since then I kept an eye on AUGT because I was intrigue about their situation(great business model with good patents to support it but a horrible upper management). And the time proved me right. If you do more DD on AUGT/HIPP you will find all the information that support my arguments. They were ready to do a RS and screw shareholders(some hedge funds included) again in order to raise capital one more time. But this time I believe(personal opinion) that Hedge Funds got #@#$# and pushed the PPS to the floor so they got @#$%$$ and blocked from raising capital(basically forced them to file BK). Now the "big boys" looking to grab this business model can do it with the blessing of the BK court and at the same time fired!!! the upper management... Let see if my theory is right.

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