Himalaya Technologies Inc (HMLA)

[HokieHead]

Complete HMLA and Possible Merger DD

Ticker HMLA

Share Info:
Reinstated Nevada SOS August 9, 2019
Authorized Shares: 100 million (8/9/19)
Outstanding Shares: 50-75 million (per filings/OTC)
Floating Shares: 9-45 million (per filings/OTC)
Current valuation ($0.0042): $200,000-$350,000

Activities planned from 2014 forward:

Per OTC:
The directors of the Company are in the process of negotiating a new agreement to acquire Telesecurity Sciences, Inc. ("TSS"). Upon closing of the TSS acquisition, the Company intends to shift its focus for oil and gas to advanced imaging solutions for medical and security imaging devices and systems.

PR/SEC filing stating Merger Plans:

https://www.accesswire.com/419210/Homeland-Resources-Ltd-Corporate-Update

https://www.otcmarkets.com/filing/html?id=10711886&guid=8WLIUnoP67dWV3h


October 2015 filing showing Merger is being put on hold:

-The Company had sought to negotiate with the noteholders to prevent the destructive effects on the Company’s market, but the creditors were not interested.

-The Company is also trying to obtain financing to pay the costs to file its Annual Report on Form 10-K for the year ended July 31, 2015. Unless the Company can obtain such financing, it will not be able to keep its disclosure current and will be relegated to a lower level on the OTC Markets.

-On other fronts, the Company continues positive negotiations with TSS regarding acquiring their medical technologies. It is unlikely the Company will be able to complete an agreement until the convertible debt has been resolved.

-Once the convertible debt has been resolved, the Company intends to reorganize its capital and seek conventional financing.

-The Company will not accept any further offers of the type of toxic debt financing that has caused the damage to the Company’s market.

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Move to August 2019 and the reinstatement of HMLA and most likely plans to pick up merger talks with TSS again.

Could the deal still be on the table? Let's look at a few things:

TSS now goes by Imatrex Medical Solutions:

https://imatrex.com/

TSS was shown with revenues from $6 million to $32 million:

https://www.owler.com/company/telesecuritysciences

Douglas Boyd sold his previous publicly traded entity, Imatron, to GE for over $200 million, it was doing over $70 million in sales.

https://www.bizjournals.com/milwaukee/stories/2001/12/17/daily34.html

My guess is this new company has even better products now. Here is a link to at least one big sale:

http://www.prweb.com/releases/2015/08/prweb12888314.htm

“The EBCT C300 scanner, developed by Imatron technologies, is the latest generation of diagnostic CT technology. The scanner uses patented technology called electron beam computed tomography, a highly advanced CT technology that has no moving parts. Using an electron beam rather than the standard CT x-ray tube, imaging is done at speeds up to 10 times faster and with 1/10th the radiation of other CT scanners.”

https://www.hotzehwc.com/virtual-colonoscopy/

And business must be good, they are hiring like crazy:

https://imatrex.com/about-us/employment-opportunities

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Does Imatrex want to come public? My guess is yes.

Imatrex became active with Nevada SOS the same date as HMLA, August 9, 2019

Imatrex/TSS was looking to merge with HMLA back in 2014/2015 but the conditions were not right, now they are ready.

Imatrex filed a Form D in 2017 with the SEC:

https://www.sec.gov/cgi-bin/browse-edgar?company=imatrex&owner=exclude&action=getcompany

The current Imatrex CFO states he works at a Pre-IPO company:

Gary Vecchiarelli
Board Treasurer

Gary was born and raised in San Jose, California and moved to Las Vegas in 2003. A graduate of San Jose State University, he is a seasoned senior executive focused on middle-market and high-growth companies. Gary spent the first 10 years working in public accounting for international firms BDO and McGladrey & Pullen. Since leaving public accounting in 2011, Gary has held several senior executive positions with publicly traded companies Golden Entertainment (NASDAQ:GDEN) and Galaxy Gaming (OTC:GLXZ). Currently, he is Chief Financial Officer of Imatrex, a pre-IPO company and leader in the development of advanced imaging solutions for the medical device market. Gary has been a CPA since 2006 holding active licenses in Nevada and California and since 2012 has been a member of the Board of Directors for the Financial Executives International Las Vegas Chapter.

Pre-IPO company tells me they are setting up for a reverse merger, clearly not going to IPO on the big boards at this point as reverse mergers have been shown to be faster and more cost beneficial for private companies. Besides the plan was to merge with HMLA 5 years ago and now the ticker (basically a shell) was reinstated for a reason.

I'll take my chances with a ticker trading at under a shell value, has only 100 million authorized (no chance for billions in dilution), a CEO that was planning a merge with TSS before and now has waited until the ticker was taken from $0.10 to $0.002 with debt, now gone or expired, and a possible private company looking to come public that could demand a market cap 100+ times this.

Let's see how it plays out.