Monday, October 30, 2017 5:33:12 PM
HAON share buy back scam
I see this $.0001/share ticker (at the start of the day) with a history of ugly dilution put out a PR today announcing it approved a plan to buy back stock up to $.01/share.
http://www.marketwired.com/press-release/halitron-inc-announces-stock-buyback-program-pinksheets-haon-2238721.htm
Kind of funny since HAON only reported $14 in cash and $0 in revenues on its balance sheet in its last financial statement.
Looks like a recipe to me for some massive new dilution. They let the stock run up to $.0005/share at the open then spent the day dumping stock on anybody willing to buy it in that $.0005/share - $.0006/share range.
Obviously things are not going as well as Bernard Findley hoped with the LTCPD paid promotion so he decided to give HAON a boost by playing the fake share buy back card.
HAON is probably going to get really ugly in short order judging by the amount of debt on the balance sheet and the past trading history of the stock.
On September 27, 2017 HAON agreed to a court settlement with EROP Capital LLC in which it would pay off debt owed to EROP Capital LLC by issuing $1,929,265.30 worth of free trading stock to EROP Capital LLC plus give EROP Capital LLC 50,000,000 free trading shares to cover court expenses
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12316404
It will take a lot of $.0001/share stock to pay off $1,929,265.30
at $.0001/share that's 19.3 billion shares of free trading stock that will be dumped into the market/added to the float
at $.0005/share that's still 3.85 billion shares of free trading stock that will be dumped into the market/added to the float
And that's not even taking into consideration all the other $2.7m in debt Notes on the balance sheet
People playing the current HAON pump better be very careful
I see this $.0001/share ticker (at the start of the day) with a history of ugly dilution put out a PR today announcing it approved a plan to buy back stock up to $.01/share.
http://www.marketwired.com/press-release/halitron-inc-announces-stock-buyback-program-pinksheets-haon-2238721.htm
Kind of funny since HAON only reported $14 in cash and $0 in revenues on its balance sheet in its last financial statement.
Looks like a recipe to me for some massive new dilution. They let the stock run up to $.0005/share at the open then spent the day dumping stock on anybody willing to buy it in that $.0005/share - $.0006/share range.
Obviously things are not going as well as Bernard Findley hoped with the LTCPD paid promotion so he decided to give HAON a boost by playing the fake share buy back card.
HAON is probably going to get really ugly in short order judging by the amount of debt on the balance sheet and the past trading history of the stock.
On September 27, 2017 HAON agreed to a court settlement with EROP Capital LLC in which it would pay off debt owed to EROP Capital LLC by issuing $1,929,265.30 worth of free trading stock to EROP Capital LLC plus give EROP Capital LLC 50,000,000 free trading shares to cover court expenses
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12316404
It will take a lot of $.0001/share stock to pay off $1,929,265.30
at $.0001/share that's 19.3 billion shares of free trading stock that will be dumped into the market/added to the float
at $.0005/share that's still 3.85 billion shares of free trading stock that will be dumped into the market/added to the float
And that's not even taking into consideration all the other $2.7m in debt Notes on the balance sheet
People playing the current HAON pump better be very careful
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