Rain,
Ry was right on the money like you said with HLNT (but there is way more room to go,...this is big! I copied an e-mail from the CEO-- Ry has the original screenshot where he addresses the debentures)
In case ur interested:
An e-mail from MR COATES TO THE SHAREHOLDERS
Hello.
good questions i am willing to answer.
1. HLNT owns 70 % of Hoss and Highline Hybrids. 2. No. Humphries has nothing to do with HLNT at all as of March 4th, 2010.
3. 25 E Main was where Bo-tie was located. Specialty Motors, as well as 25 Main, was owned by Brian Roberts. Bo-tie leased space from him. Bo-tie was owned by Charlie Foster, Kyle Foster, Scott Foster with Brad Foster being the President. 101 E. Main is owned by Mark Silva, one of our board members. We lease our office space and production space.
4. "Why would Humphries all of the sudden return shares and give up control of HLNT for nothing? Any logical thinker would say "he wouldn't". " because i can not disclose the details of Humphries departure agreement, i can say little. i guess i would ask that logical thinker, what would be a reason that an individual would give up all of their rights to something? What would it cost him or her by staying?
5. The preferred share structure is being worked on. The share exchange agreement for Hoss and Hybrids is still owned by members of our management. they are to have 30% of whatever the o/s is. Their stock was never adjusted during the Humphries era to match that as there was constant dilution. keep in mind most of the preferred is restricted. we believe that our business will allow us at some point pay the owners of the preferred stock face value and retire them rather than let them hit the market. WE ARE NOT USING PREFERRED SHARES TO PAY DEBT TO OUTSIDE CONVERTIBLES. The convertibles will be addressed in the pinksheets current packet I'm putting together. i will say again, that no shares are being issued to satisfy any convertible toxic debt. and preferred shares are for management and affiliates. so as far as confirmation of this goes, i guess you will have to wait for the pinksheets current info. I will say it is amazing how pinky convertibles are set up and what they are based on. They require willing participation by both parties. But what happens when a new party comes in and isn't willing to play the game? I have mentioned before to look at the "other" assets in our last financial. I keep looking under my desk every morning seeing if that "other" asset has magically appeared.
I get alot of comments on this PD fellow. i would suggest his questions have made our business better. quite frankly he is bringing up small issues that we need to take care of, like the ArkSOS find. we need to be sure to update that when it is time. As far as the pre-March PR's? I have said many times to shareholders to not rely on any of those. I've been a shareholder since August 2009. I bought several shares based on those same press releases. I was duped. And left holding the bag with .08$ shares. Do any of those PR's count? Not to me. They were full of let's say "speculation". What was the issue this weekend I got bombarded with emails about? A 100K sq ft bldg. ah yes, the 100K ft bldg press release that I spent another couple of grand on SSEV stock. No we have no such building. We didn't have it back when I was only a shareholder in the company. Did I think it was fantastic news when it was put out?? You bet. So does pre-March count for me? Absolutely not. Everything pre-March cost me money. And I hated every minute of it. The only thing "accurate" was the technology part. And I believed then and strongly believe now in what our technology is doing for many truckers and farmers. The only problem last year was that it was not ready. There literally have been several million dollars put in by our own guys in the development of the hydrogen generator. It is done and it is perfected. Now we need to get it to the masses. I guess I write all this to tell you I am doing the best I can for our shareholder's, because I and everyone in our offices are shareholders. And remember, I was a shareholder before I became the CEO, and everyone in our office knows that I keep shareholder value in mind with every decision we make. This has turned into a book, and I have probably spent more time on this than I should have. We are busy around here. I understand the need for verification of the facts and I will provide them when I can.
AI
