H3 Enterprises Inc (HTRE)

[ssc]

Certain posters continue to defend the convertible note and say it is a good thing for the company. They say this type of financing is commonplace. I say it is a conflict of interest and should not have been done. The current share price attests to that.

I ask them to give us the names of a few companies where the chairman of the board has granted to himself this type of toxic, death-spiral financing. How about even 1?

As far as why Chutjian would want to keep the price down, ask yourself a simple question: If you were going to buy a million dollars worth of stock, would you rather pay 5 cents a share or or 3 cents?

Regarding volume, on Monday the price moved up to 10 cents early and then was met by heavy selling, over 500,000 shares to drive the price down into the webcast.

Boomer, you stated this type of financing is "not uncommon". Can you give even 1 example of a company with this type of deal?