Hero Technologies Inc (HENC)

[Highflier69]

Note: This is just speculation on my part

It really only makes sense if insiders own Magenta. Holloman Corp is a private company. This enables it maintain decision power. P2B Capital is interesting. First, I thought there was no debt in HENC. But here it says it sold $2.245M of what HENC owed them to P2B Capital for $10K. This is due in 2021 and is convertible. This would likely be insiders of a sort as well so when the RM occurs (assuming) those are just not offsets but another payout to P2B.

So they are current, have a clean shell, just ensured "people" maintain decision making control over HENC, optimized to get back some previous lending to HENC and they have a new CEO in HENC so Marc, Eric and Gina are not on both sides of the table agreeing with themselves.

The concern then is timing around P2B. Are they just looking to get $2.245M after the announcement (assuming) or do they wait and do it prior and take back another large chunk of the company stock as a %? They/Holloman have always been fair but if P2B converts early I believe it would materially dilute HENC shareholders outside of Holloman Value assuming Holloman Value and P2B are related. Am I off base and just looking for a conspiracy?

Outside of my concern, it would seem like everything is done here and delays are either environmental of they want to have the next steps in place to quickly move out of the Pinks... IMHO