"They have spent their own money, time, sweat and tears traveling across continents and oceans in this time selling HCTI. Darin, I expect has worked around the clock at times to keep the ship moving forward. "
Interesting, how was that disclosed?
Also, how did they spend over $137k accounting/audit for 2016 financials when the total spent for 2015 was $66k and for 2016 was $87k?
... even thats a lot of accouting money with very small revenues, miniscule payroll, etc.
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES ( 10k 2016 )
I have a hard time separating Darin's efforts from the long history of management greed and bungling, but perhaps I should.
Kristul is responsible for the for the over $43M blown with little to show for it. I feel way too much of that went to reward principals, and related parties.
Leave the management to anyone but Kristul!
Enjoy the weekend. Financials should be out any day now, and many of our questions will be answered.
"But, there are several points which I hold to support my view that mgmt. is doing a really good job, and these are stated below:
1) HCT is a tiny company, a start-up if you will. It is also holds one of the most important industrial discoveries in recent history.
2) The cost of developing suitable product for our early partners, the legal costs, the support necessary (a 'consultant' costing $1M/annually); labs, filings, marketing (shows), PRs, staffing, etc, etc. was a gargantuan financial burden.
3) It has taken far longer than expected to get to the point we are, in 2018.
3) Although it has been a grave circumstance for many investors in the last seven years, the company has soldiered on. I doubt that neither Kristul nor Darin has been compensated anywhere nearly fully at this point in time. They have spent their own money, time, sweat and tears traveling across continents and oceans in this time selling HCTI. Darin, I expect has worked around the clock at times to keep the ship moving forward.
4) Darin has, under extremely stressful conditions managed to keep the Newsletters coming for SHs. The NDAs have contributed to both conditions which have led to an unfortunate marketing gap and thereby slower sales.
5) Up to 2018, Darin was conveniently (for SHs) providing personal replies to SHs queries and is so busy now, even with the additional help of Riva no longer able to do that. There is just too much business. Darin, however took the time to make sure that Riva got a message out to Shareholders because he has integrity and cares about SHs and has respect for what the SH has done for the company!!!
6) It shouldn't take a PHD to figure these things out. Kristul is where??? Darin, to all visible evidence is running the show. Riva, Cyril and Scott and someone to answer the phones is a healthy improvement, and also indicates that revenues are coming in to pay a full time staff.
7) They filed the 2016 audited financials at a cost of approximately $137,000 - $150,000; and with any luck we shall soon see some or all of 2017 fins.
re: Industrial Finishes-I did not receive calls back from their staff. I don't know if they're still in since they may not have fulfilled their contract w/HCTI. Don't know and no one is talking. So what.
8) You cannot purchase 6 buckets of coating material. I'm sure no one is staying up at night, including you due to this inconvenience. I will continue to maintain that the company is doing the right thing to concentrate on the shortest distance between two points by going straight to where the big boys are to sell their wares. Don't make me explain this rudimentary law of economics, puhleez!
Now, Clarke what was your question because I have just reiterated everything that you already know? And, I've been tweeting my fingers off all day on another site. Have a good weekend."
AI
