To everyone out there frustrated with HIMR heres whats going on. I know management and I meet with them regularly.
there are two factors that are in our way.
1) there is a outstanding loan from a man in NY named Yossi who lent HIMR 15k. he filed a bogus claim as the board was changing and has tied up the company under a humongous judgment. Mr. Hayward has offered him 30k to settle the matter , once the company if back up and running, but yossi said he wants the cash up front. 30k is a lot to lay out before things even get started.
2) the BC Securities Commission has filed a Cease trade order against HIMR as of 2012. In short this is because there are more then 12 Canadian shareholders in HIMR and the BCSC wants HIMR to file their financials on their site (SEDAR.com) but the financials have to be audited , which means to file and do the financials just for these 12 shareholders would cost 25k. Mr. Hayward told them he would restructure the company leaving 2 Canadian shareholders hoping it would change matters, they said NO.
So in short these are the two main factors holding us up. I know management has incredible things happening, but they can't bring it to HIMR because of these two issue.
Mr. Hayward wants assurances that whoever puts up the 55k to resolve these issue, will be able to be able to receive their investment back without issue and be able to deposit stock without delay. Unfortunately he can't be assured of anything.
All other creditors are willing to work with HIMR.
