The Categorically True Share Structure:
Trading symbol: HIPH.PK
Exact title and class of securities outstanding: Common Stock
CUSIP: 029098209
Total shares outstanding: 658,567,423 as of date: 9/30/19
Number of shares in the Public Float: 612,317,422 as of date: 9/30/19
HIPH's structure here is significantly better for the retail shareholders than its competitors on the OTC market, who have mainly been issuing billions of shares. HIPH can be considered non-dilutive, and the CEO has actually retired many shares.
Previous Notes:
On November 12, 2013, the Company executed a one-year promissory note with a principal balance of $20,000 for services provided. The note bears interest at 8% and is secured by the common stock of the Company. The note is convertible into common stock of the Company. The number of shares to be received is computed by calculating the three-day average bid price of the stock on the three days prior to conversion, deducting 20% of that price and dividing the resulting price into the amount of principal and interest due.
Accordingly, a derivative liability was recorded using the Black Scholes Method to compute the liability. Assumptions were a Risk-Free Interest rate of .0023, volatility of 364%, and an assumed dividend rate of 0%. On November 15, 2018 the Company and the noteholder executed a settlement agreement which stipulated the Company issue one million one hundred thousand common shares as settlement of the principle balance of $20,000 and accrued interest of $7,540 related to the November 12, 2013 promissory note. As of December 31, 2018, and December 31, 2017 the note amounted to $0 and $20,000, respectively.
So that's paid off, and the company has shown the history of paying off outstanding liabilities like this small one.
$HIPH
