Saturday, February 10, 2018 11:51:36 PM
A 5B float with a PPS goal of $.01 is hard to believe, let alone achieve. Doing a R/S might help (for short term? Maybe? Probably not...?). Buying back xxx,xxx,xxx,xxx shares @ sub penny prices -> terminating them -> decreasing float -> increasing PPS (less supply, more demand) -> could (hypothetically speaking), get to a $.014 PPS. Here's the great part! Anyone that isn't an uncultured swine who's been following this "POS," stock might have done their HW & realized that per share buyback agreements upon approval (using 506(c)) - they'd be able to explain that a company IS NOT capable of performing a buyback using capital (Aka - revenue from Hopp companies). What the company is SUPPOSED to do, is use distributed funds gained from the sale of shares (or preferred shares) in good faith of their creditors not to buyback shares & god forbid the market drop, then creditors are SOL. IF a company uses all of its distributed funds & other profits on buyback, it has to follow strict procedure to use capital to fund the buyback.
Keep in mind 1) HAON's blackout periods are much more strict than the typical buyback - this is to save his ass from being liable for ANY type of fraud 2) last PR mentioned 'allocating funds for two separate purchases,' I'm assuming that he's following procedure since using profit from the 506(c) sale has no restrictions other than blackout dates/times - if he plans to use revenue from Hopp, he'd have to get approval. 3) If Findley or any other company terminates shares bought back from the float - Not A/S or O/S, but actual shares in the float that can be bought and sold to the public, anyone with shares could wake up to see an increase in PPS depending on how many shares are terminated; it's the same exact effect as if a company did a R/S, except your purchase price is the same & the bid/ask is straight profit. My favorite part of this pic is "If a company funds a buyback by issuing new shares, the new shares must be issued for the purpose for funding the buyback. There is no set time period between when the new shares should be issued and the buyback executed but it would be wise for the buyback to be within a few months. This is so that it is easier to show a clear link between the share issue and buyback" <- http://www.mediafire.com/view/wcaa7gmveotbbim/Screen_Shot_2018-02-10_at_11.20.26_PM.png
I'm too lazy to get on NVSOS & copy the link just to explain this to every shit talker on ihub, but if you wana go to the site & see the designation filing from Dec. 14th or 4th (one or the other) you can. But who knows, maybe I'm wrong & I'll lose a whole bunch of $ since I bought @ $.0002. We'll find out come March!
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