Followers | 182 |
Posts | 13314 |
Boards Moderated | 0 |
Alias Born | 08/06/2006 |
Friday, December 15, 2017 1:42:41 PM
Remember that HAON settled with EROP Capital as of Sept 29, where EROP would remove Haon debt for $1.16mn worth of shares.
$1.16mn/.0002 avg price (since the settlement) = 5.8bn shares. From the filings o/s increased as of June 30, 2017 2.9bn shares to 6bn as of Nov 9. That is a 3bn o/s increase presumably to take care of the EROP shares...o/s could have increased since Nov 9, but key number would be 5.8bn shares that might be coming out.
Volume:
This week around 1.4bn shares
Last week around 500mn shares
Nov 15 858mn shares
Oct 30-31 around 3bn shares
Last two were the high volume days.
So it looks like the dilution/dumping is LIKELY to be DONE or DONE SOON. I think the recent buying may be from those who have figured out the numbers and are positioning for the upside...esp with the 4Q guidance showing a jump in Hopp revenue which should help them improve cash flow enough to buy back some shares.
I am holding into 1Q18, when, as they said, they would attempt to meet OTC QB uplisting requirements, which includes a .01 share price...not sure if they will do it by then, but think they are moving in the right direction. CASH FLOW is key...and debt removed (albeit at the expense of a huge share count - buy back should help offset this in the coming months).
All imo, looking at the available details. Looking forward to Friedman finishing their audited financials.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM