DF, my apologies if I somehow offended you. Again, I applauded you for posts you have made elsewhere. In this case, you posted about CEO Boruff and I in turn posted my opinions on him based upon research. I even posted links so that others could form their own opinion which I always encourage everyone to do. It is certainly your right to completely ignore the following points and consider them nothing more than “old news”:
#1- What the heck, I could see how you would ignore Boruff being sued by his father-in-law for a measly $6M when Boruff oversaw stockholders losses of hundreds of millions of dollars. Shoot it appears to be a rounding error when it comes to Boruff. And for that matter whats $6M between friends or in this case family?
#2- Sure Boruff led Miller Energy Resources off the OTC to the NYSE based upon what the company admitted to was fraud when they grossly inflated the value of their acquisitions in both filings and press releases. But go ahead and ignore that the buck stopped with Boruff when all this fraud transpired. He was also CEO and then Chairman of the Board until the day of bankruptcy when the last of all shareholder value was destroyed. But gosh, there is certainly no reason to consider that he oversaw the collapse of Miller Energy Resources which led to the DELISTING from the NYSE.
#3- While you are at it ignore the open Federal probe of insider trading at Miller Energy Resources, or the numerous lawsuits against Miller Energy Resources that Boruff is named in that are still pending.
Since your mind appears to be made up, as evidenced by “I like my odds with him personally unless I see otherwise.”, on this “old news” perhaps you would like to address the fact that THE ONLY THING BORUFF HAS TRULY ACCOMPLISHED AT HITC IS GETTING IT TO FULLY REPORTING STATUS AND NOW AFTER RAISING MONEY HE CANNOT GET THE LAST QUARTERLY FILING DONE EVEN AFTER HE FILED FOR AN EXTENSION THAT SHOULD HAVE BEEN MET WELL OVER A MONTH AGO.
Is that old news? It is after all going on as I type this. Or perhaps is it as I see it, a very troubling development?
So you are “Watching for the next filings, etc.” So is the SEC for well over a month. At this point, my opinion is that HITC is closer to returning to the pink sheets than remaining where they are.
Maybe HITC will file today! Out of curiosity I researched Miller Energy Resources late Friday filings, which is a common practice for public companies when they want shareholders to miss it or forget about its contents over the weekend. Lots of ugly late Friday filings at Miller Energy Resources. As to HITC nothing yet, but apparently that wouldn’t matter to you DF, since you appear to miss or forget articles that are right in front of you.
Finally, as to the “SEC allowing Boruff to be CEO.” Sure Boruff can be a CEO, for now, but look at the money grab, stock grab, stock option grab, car allowance grab all orchestrated by Boruff at HITC with what appears to be no oversight. Please DF, based on Boruff’s published track record of destruction and enriching himself at the expense of others, justify all of that based upon his lack of accomplishments at HITC. Lately, Boruff can’t even get a quarterly filing done. And while you are at it, please justify someone with his published track record being in charge of a public company with virtually no governance.
In my previous post today I listed links to my research that I formed my opinions upon. In turn DF, you have supplied nothing to justify your high opinion of Boruff except that it appears to be a plus to you that he is not in jail. Please, supply this board with one positive article on anything Boruff has achieved. I cannot find anything, zero! Again, I base my opinions on research and due diligence. You said you did your due diligence. With an open mind as always, I look forward to you posting with links to back up your research so that readers of this board can form their own opinions based upon something more than your conjecture.
HITC STOCK HOLDERS BEWARE!
Based upon my research, it is my opinion that Mr. Boruff leaves a trail of destruction everywhere he goes, all while enriching himself. I am also of the opinion the HITC story is not going to end well. But you decide. Read the links in my previous post and do your own research.
As stated before, the more I peel this onion the more it stinks. Thats it for me today, more soon.
HITC Stock Opinion: This is not going to end well. HARD SELL
The above stated assessments/viewpoints/opinions put forth throughout my posts are based upon details available to anyone and were discovered through simple research and are for informational purposes only. They are simply my opinions, not advice. I encourage you to consult a professional financial advisor and do your own independent due diligence, research and analysis when evaluating company leadership or considering investing or divesting in public companies. Whenever possible, I attempt to do my best to provide links or references from my research to provide you with insight into the details that I formed my opinions from, and also so that you can more easily initiate your own research and perform your own due diligence which I strongly encourage you to do.
