Halitron Inc (HAON)

[nodummy]

With EROP Capital due to get $1,929,265.30 worth of free trading stock I'll be surprised if HAON doesn't end up having to raise the A/S again. It will take 6.44 billion free trading shares of stock at $.0003/share to cover $1,929,265.30 and if the price drops (which is sure to happen with over 6 billion new shares entering the float) then it will take a lot more shares to cover that $1,929,265.30 judgment.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12316404




Why buy shares in a company that is adding over 6 billion shares to the float? If people really believe that The HOPPS Companies is going to fix the HAON balance sheet which showed over $5.4 million in liabilities last quarter vs only $14 cash then why not wait until after all the dilution is over?

Do we really know that The HOPPS Companies isn't drowning in debt too? HAON didn't post any financials for The HOPPS Companies.


Plus you have the whole issue that HAON did an illegal 3(a)(10) transaction to buy The HOPPS Companies. That was definitely a prearranged cash transaction which isn't allowed to use a 3(a)(10) exemption

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135984317

What happens if the SEC starts to pay attention here after the fake audit/form 10 and the yet to happen dividend, the illegal 3(a)(10) transaction, and the fake buyback (a buyback cannot be done by Nevada law if a company does not have enough cash to pay its debts and has more liabilities than assets).


Nevada Law states:

"no distribution (including dividends on, or redemption or repurchases of, shares of capital stock) may be made if, after giving effect to such distribution, the corporation would not be able to pay its debts as they become due in the usual course of business, or, except as specifically permitted by the articles of incorporation, the corporation’s total assets would be less than the sum of its total liabilities plus the amount that would be needed at the time of a dissolution to satisfy the preferential rights of preferred shareholders"