Saturday, August 04, 2018 6:18:45 PM
The filling's and PR reflect that debt was already cut by 80% by New CEO Ryan Fishoff( he took over mid Sept 2017).
See link below to just out video interview w/ $HIPH CEO Ryan Fishoff on floor of NASDAQ with Jane King. A must see!!!
*Below is the truth/fact about convertible debt from the SEC. $HIPH CANNOT issue debt today and the buyer of debt convert shares "immediately" its not allowed by the SEC. And no broker would accept the shares without proof the SEC 144 holding period had been met 1 year or 6 months if company is fully reporting. Unless the SEC website is giving false facts. Below please find link to SEC website and section that covers this! I challenge anyone to show me a rule that allows a public company to issue new debt and it to be sold "immediately" and converted to shares!!! Its just not the case. NOT ALLOWED by SEC!! Aged debt however can be sold and converted to shares.
"Tacking of Rule 144 Holding Period in Debt Conversions
A debt conversion is usually done by a Debt Holder when the Rule 144 holding period has already been met by the Note, so that the Debt Holder may then deposit and sell the newly converted Stock without any additional waiting.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
(Any debt issued by a NON-FULLY SEC REPORTING company must be held for 12 MONTHS BEFORE IT CAN BE CONVERTED TO SHARES!! UNLESS THE COMPANY IS FULLY SEC REPORTING, IN THAT CASE ITS 6 MONTHS.) OF COURSE IF THE DEBT HAS MET HOLDING PERIOD ALREADY ITS NO FURTHER HOLDING. Also a President, Chairman, CEO is a "CONTROL PERSON"!! They could be owed $100 million in compensation and would be restricted to 1 percent of outstanding per 90 days.
***Nice video interview by $HIPH CEO Ryan Fishoff on the floor of the NASDAQ!
*Link to $HIPH news/press releases (see pr when debt was cut by 80% and Fishoff stating hes committed to cleaning up debt
https://www.otcmarkets.com/stock/HIPH/news
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