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Halitron, Inc. Announces Preliminary Third Quarter Revenue Data
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9:44 AM ET 11/10/17 | Marketwired
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Halitron, Inc. Announces Preliminary Third Quarter Revenue Data
Recent Acquisitions Boosting Sales, Generating Cash Flow for Share Repurchase
NEWTOWN, CT--(Marketwired - Nov 10, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a multisector holding company, today announced preliminary revenue for the quarter ending September 30(th) , 2017.
Halitron, Inc. will total approximately $150,000 in sales due to the acquisition of the Hopp Companies, Inc.'s assets midway during the quarter. With HAON now realizing a positive cash flow, and as previously announced, this will be utilized to buy back shares in the open market excluding the following blackout periods.
-- 15 Days prior to posting annual and quarterly financials.
-- 1 hour at open
-- 1 hour before close
-- 3 days prior to a Press Release
-- 3 days post Press Release
-- No more than 25% of the average four-week volume.
The quarterly financials will be fully disclosed as required by the OTC Markets on or before November 15(th) , 2017.
Increase in Authorized Shares
Per the agreement with EROP Capital, Halitron, Inc. was required to maintain a certain level of authorized shares. Therefore, the Company has increased its authorized common stock to 11 billion. A portion of the shares were reserved for the transaction and upon close of the contract, the reserved share agreement will be closed out and the shares will be available for corporate use.
Management will continue to adjust its capital structure and utilize its stock as a form of currency to acquire companies and assets, raise capital, and incentify employees and stakeholders to ultimately drive shareholder value.
Reverse Split
Management, as well as the Board of Directors, has evaluated the possibility of a reverse split to increase the share price of the stock but has elected to defer on any such action for the foreseeable future. The Board of Directors believes that the current business plan is very exciting, and the Company has tremendous potential to execute on its many business points to increase the value of its stock price organically.
