For everyone that gets that A/S, O/S, and public float confused
A/S = Authorized shares. Otherwise, the legal amount of shares a company can issue through debt/equity (Like a savings account that shouldn't be touched, but it's there for emergencies).
O/S = Issued / Outstanding. When a company has preferred stock, or issues employee stock options, these all count as regular shares. Basically the same way you can buy/sell option puts/calls, you can buy/sell regular shares. Employee stock options or grants are the same way, they're not actual common shares, but they can be converted into common shares - so in summary, you have to account for the O/S even though they're not in the 'public' float.
Float is what's readily available to be bought or sold - meaning there's no owner or other shareholder that they belong to.
So from Dec. 14th, HAON filed a designation with NVSOS (& this is used for stock issuance, normally for preferred shares but could also be employee stock options) & increased the float to 11B. We've seen the dilution this has caused. Even from digging, I haven't been able to find a sub penny stock with that high of a float. For every shareholder's sake, as well as Findley's hope of seeing company profits from a buyback, I still don't see the reason for increasing the float to 11B. It's borderline atrocious, especially for buyback purposes. It's like having $10M in your bank account but living in your parents house driving a beat up 2001 ford tacoma - put it to good use? But giving Findley the benefit of the doubt, he plans to bring a sub penny stock to at least $.01, uplist to OTCQB, reduce employee costs by issuing employee stock options (which, payroll expenses for Hopp were also atrocious compared to profits), all the while he continues this buyback through set-up timed purchases (which, is very common in buybacks), let alone the stock he's already bought back (I'm assuming, is only a fraction of what the set up purchases will be used to buy) - this all has to be done under such scrutiny that the SEC won't think twice about the legitimacy of the process. Giving his 20 years and "successful" entrepreneurship, this might explain the hardened blackout periods of open-market repurchases - to ensure no fraud is questioned throughout the process.
You're not stupid, I still sometimes get confused thinking about O/S and A/S because typically, O/S accounts for options which generally don't get issued for the public in penny stocks let alone sub pennies. I found that Findley has done this before (terminated about a third of the float) back in June 2016. The price got to about $.0080 but that was with a 650M float; he ultimately terminated 254M for the issuance of 10M preferred B stock. In all reality, it's hard to imagine a stock w/ 8B in the float getting to $.0050 let alone $.01 and then uplist. I can't make any excuses for what the price will end up at, but I can say there's a legitimate process going on behind closed doors. I do have to note that even though HAON has a verified profile with OTCMarkets as of 02/05/2018, his annual list was due to NVSOS 01/31/2018 which now shows as default status. Although if you look, the address that's listed on NVSOS (Simm lane) - there's another that was updated with NVSOS 01/15/2018 or 01/19/2018 or something like that - the address belongs to a corporate service business, usually one that's supposed to take care of annual reports, law suits, business transfers, etc.,
