Hero Technologies Inc (HENC)

[HTIR]

All

Sorry for the perceived silent treatment. Been away and came back to check in. Yes, I am not with HENC anymore. Nothing scandalous, no ill-will on anyone's part. The fact of the matter is that HENC just didnt have the ability to raise capital to close on any deals. The cap table structure is so out of whack that the only potential solution was thru a MASSIVE reverse split that basically wipes out the common shareholders, literally leaving you with about 5% of the shares and only then was there an outside shot. Unfortunately, the lack of cash on hand, any type of a business to which generate any type of cashflow just isnt there and probably wont be. The value of the company is only the cash value of the shell.
I met some really nice people, everyone worked well together, but at the end of the day, investors, private equity, mezzanine financiers wont put a dollar into a company with nothing. I knew the cap table was a major hurdle. We had conversations with potential lenders, but, it just wasnt going to happen.
Again, no ill will on anyone's part...

And no, i didnt get paid a single dime, not a single share of stock. I am only out my time and efforts. But, that goes with the game.

I really wanted to see things turn out differently because i thoroughly love the business of dealing with you shareholders. Unfortunately, this one isnt going to work out.

So, i just went back to working on my personal stuff and continue to scan the screens for new stock set-ups..