Has Boruff Spent All The Money?
HITC has still not filed its quarterly report. The same quarterly report that HITC filed an extension on over TWO months ago. (Extension filed 6/15/18) Heck, HITC should already be working on the latest filing. (The one due after the one not filed.) It has been speculated that the acquisition of IndeLiving could have delayed the filing. In my opinion, that speculation doesn’t remotely hold water. Ninety-Five percent plus of the information pertaining to the acquisition has already been filed with the SEC. (See HITC SEC Filings.) All HITC needs to do is simply add the already prepared acquisition information to the traditional quarterly information, which in the case of little HITC is not much, and then file.
My opinion, based upon the profile that I have developed on HITC CEO Boruff and outlined (with links) in my previous posts, is that the reason HITC hasn’t filed is that Boruff has blown through the money he raised and he can no longer pay for filings and for that matter doesn’t want to have to reveal that most or all of the ~$1M raised has vanished; poof!
HITC CEO Boruff leaves a trail of destruction everywhere he goes. (google; Scott Boruff and/or check my other postings for more details and direct research links.)
HITC CEO Boruff awarded himself a fat salary, a car allowance and stock options on top of the massive stock grab he has already perpetuated and did this based upon negligible company results under his leadership. (Details in a recent HITC post of mine as well as direct research links.)
And most importantly:
HITC CEO Boruff now has little to no governance and a track record of enriching himself with no regard for the shareholders. (google; Concerned Miller Shareholders and/or check my other HITC posts for details and direct research links.) Heck, Boruff even signs the filings as not only the CEO but also as the CFO. He has his own little fiefdom. He is king of the castle with no need to worry about the lowly shareholders in the village outside of the moat.
So again, in my opinion, the explanation for not filing is that HITC CEO Boruff, with no oversight, has spent most if not all of the money, all while getting zero results, except for enriching himself, which is in my opinion par for the course for Mr. Boruff.
If Boruff has nothing to hide, I call on Boruff to file the 10-Q !!!!!
If Boruff has achieved one positive thing at HITC to put in the filing, I call on Boruff to file the 10-Q !!!!!
If Boruff even remotely feels he has a fiduciary responsibility to the HITC shareholders, I call on Boruff to file the 10-Q !!!!!
As always, I encourage you to read my posts and form your own opinions. (simply click on Verado to see them all) In my posts you will find my assessments and opinions that were based upon my research. As much as possible I strived to provide research links to allow you to do your own research and again, form your own opinions.
I formed my opinion of HITC CEO Boruff early on and soon after discovered that HITC’s core new product “IndeLiving” was, in my opinion, in direct violation of patents owned by Healthsense/Greatcall and now owned by the retail giant Best Buy. I was so appalled by the comprehensive picture that was revealed about Scott Boruff, in his past role as a CEO, in his business ventures, his real estate ventures, in his apparent unwillingness to pay many of the bills he owes, and in his approach and practices at TCKF/HITC, that I felt compelled to provide my research and assessments/opinions here so that perhaps I could help prevent any other people from falling prey to this dog (with fleas) of a company and its leader Boruff, who in my opinion, is the consummate hack.
Last week though, with Best Buy purchasing Greatcall/Healthsense, I concluded that it doesn’t matter if Boruff is a hack or not. (Although, in my opinion, all roads lead to that conclusion.) The bottom line is HITC/Boruff doesn’t stand a competitive chance against the combined resources, experience, installation capabilities, proven track record, top ranked online presence, unlimited capital, national advertising prowess, name recognition, and market leadership of a combined Best Buy/Greatcall/Healthsense. Quite simply, my opinion is that for HITC it’s over. (More details and references/links in my previous post.)
My posts are targeted at revealing the essence of Boruff and the abysmal business prospects of HITC. In all of my extensive research I could never find one positive thing about Boruff, not one redeeming quality, nothing good; zero. In turn, I found an amazing amount of online information on Boruff that was all in my opinion quite ugly. I can only hope anyone that considers an investment in HITC/Boruff will read my posts, follow my research and be better prepared to form their own opinions and act upon them in a more educated fashion.
HITC STOCK OPINION: It is inevitable now, Best Buy/Greatcall/Healthsense will crush Boruff and HITC. (See my “Breaking News: HITC Crushed like a Cockroach” post.) This is not going to end well; it’s already essentially over. Get out while you still can. HARD SELL
Best of luck to all.
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.