When I spoke with Mel back in October to clarify some information, I asked him about the full SEC reporting. He responded
that they were working with a company/individual who specializes in SEC reporting to help them (HLNT) get their past reports filed.
I haven't talked with HLNT since then, but in my opinion, just as with the attorneys they have hired to help with the 'Notes' litigation,
they are making the right moves to hire/contract quality services to clean up the mess that was left behind by PD's favorite friend
Mr. Humphries. HLNT's silence about many of the issues affecting the company is not uncommon or unusual. What is uncommon
and unusual is HLNT is taking the right steps while at the same time continuing to develop the company.
Regarding the litigation over the Notes, when Humphries was in charge of SSEV and working with NIR, neither Humphries or Robitsky
ever thought that there would come a time when Humphries would be forced out of SSEV. When Humphries was caught committing
fraud in the other companies of his, it distracted him from "cleaning up" the evidence of his wrong doing at SSEV. That information that he
left behind was the foundation for HLNT's counter claim to NIR's suit to force compliance. What NIR did was to try to coerce HLNT
into honoring the notes. What NIR did not expect was that HLNT would be willing to go head to head with NIR in court. While NIR
has sucessfully defended its Notes agreements in the past, HLNT is in a unigue position that resulted with the change of management.
NIR has many problems, and what they don't need right now is a law suit in which their internal workings are reviewed under the process
of "discovery". This additional exposure may lead to further action on the part of the FBI, SEC or some state prosecutor in filing
a Criminal Case against NIR and Robitsky directly. I believe that NIR/Robitsky is worried about this.
Regarding the falling PPS, the fear of the uncertainty about the legal actions, plus the impact of the MM's and short sellers, with
the lack of PR's coming from HLNT, it is no surprise that the PPS is falling. But the PPS doesn't reflect the underlying strength of
HLNT, as the PPS has been rather disconnected from the performance of HLNT since the change in management. As for HLNT's
lack of PR's, HLNT has a lot of different issues going on simultaneously, and HLNT's management is having to deal with all of these
issues just the same. HLNT is demonstrating good management by focusing on getting the job done, and reporting deals, commitments
and progress when such things are 'securely in place'. It shows that they have learned from the 'Arkansas Grant' misfortune.
Finally, that HLNT is doing good is evidenced by the actions having been taken by the likes of NIR. Just imagine, a company
whose value increases multiple times. If you had potential convertible notes, you would love to see a company increase in
value as it would then make your conversion and subsequent sale of such stock highly profitable. That alone is an extremely huge
testimonial to the potential and value of HLNT.
As for buying, selling or holding HLNT stock. If your strategy is to buy in and flip the stock, it is unfortunate for you that HLNT's
PPS has not acted as you would like. You can end up taking a loss on any stock that you flip, HLNT is no exception. If on the
other hand, you are interested in long term performance, in my opinion, HLNT is going to provide that performance. The time frame
can be as early as next month, but most likely it will not get into real multiple pennies for at least six months to a year. If you
are frustrated and the short term action of the PPS is not to your liking and you want to complain, good for you, if it makes
you feel better. The rest of us are free to ignore you.
Regarding any time constraints for SEC reporting, issues may arise that prevent a company from being able to comply with the
required reporting within the established time period. When this happens, a company can file for a time for extention, which most
often is automatically approved. It is even possible for filing additional extentions if circumstances warrant such action, and
the governing agency reviews such requests and if deemed appropriate, will allow such extentions. So, No, the sky is not
falling and the world is not coming to an end tomorrow for HLNT.
The company will get things worked out in the coming months.
GLTA!!
AI
