H Quotient, Inc. (fka HQNT)

[Sonyboy]

Happy 500 Day Anniversary, HQNT investors! That’s right, the 2003 Annual Report is now 500 day late. That is nearly 2 months longer than the 444 days that the Iranians kept our citizens hostage during 1979 – 1981.

Here is another mind-blowing statistic. Excavation for the Empire State Building began on January 22, 1930 and the opening ceremony for the building took place on May 1, 1931. In other words, it took only 463 days for the construction of the Empire State Building. So, if the financials were to be released today, it would have taken Doug more than a month longer to complete the financials than it took for the construction crew to complete that mighty building. But the financials won’t be released today. And there is no reason to believe they will ever be released unless Doug gets over his fear of those invisible Berlin Exchange Shorters.

Let’s review a few press releases in honor of this 500th day Anniversary.


H-Quotient Updates Significant Developments
4/30/2004 9:12:00 AM
VIENNA, Va., Apr 30, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (OTC Bulletin Board:HQNT, HQNTE temporarily- News) today provided updates on significant developments.
1. The Company is rapidly moving to integrate the newly acquired
Stewart and Shaw, Inc., and its subsidiary into its operations.
Stewart and Shaw is an efficiently-run company, whose potential
can be realized with the input of H-Quotient capital, sales staff
and management expertise.

2. With the completion of the Stewart and Shaw acquisition, which spanned the period from the 3rd Quarter of 2003 to the present,the Company's year-end audited financials can be completed and will be released shortly.

3. The annual shareholders' meeting will be scheduled in conjunction with the release of the financials.

4. The Company is engaged in significant contract negotiations, the results of which are expected to be released within a few days in one instance, and later in others. Software demonstrations continue to accelerate.

5. The Company welcomes investor calls and emails, however,
information that has not been disseminated to the public cannot be released to individuals, including, but not limited to,
anticipated earnings, earnings release dates, the status of the
American Stock exchange application, and upcoming events.



-----------------------------------------------------------------


H-Quotient Announces Free Level II Trading Quotes, and Symbol Change
5/21/2004 9:28:00 AM

VIENNA, Va., May 21, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) announced a symbol change from HQNTE to HQNT and free Level II trading quotes. Because the Company's stock is actively traded, a large number of market makers make a market in the stock. Normally, investors need to pay monthly fees to services that provide market maker quotes, but H-Quotient investors are now being provided this important investment tool free of charge. It is expected to be activated between 9:30 a.m. and 10:00 a.m. today on the Company web site at: http://www.hquotient.com

Year-End Financials:
The Company's record-breaking annual audited financial statements and 1st Quarter statements will be issued shortly. They have been delayed as a result of the just completed major acquisition.


-----------------------------------------------------------------

H-Quotient Record Audited Financials Scheduled
5/26/2004 2:41:00 PM
VIENNA, Va., May 26, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (OTC Bulletin Board:HQNTE), announced the impending release of its annual audited financial statement. The financials, which were delayed due to the Company's recent major acquisition which began last year, will soon be released.
The earnings will be record-breaking.
Meanwhile, the Company has implemented new accounting systems and plans to add a chief financial officer in the near future, all of which will impact future financial reporting. The current CFO is also the CEO.

President and CEO Douglas Cohn said, "We are very pleased with the progress of the Company, and the financial statements will validate this opinion. It has been an eventful and complex year, factors that delay financial reporting, but bode very well for the future."


-----------------------------------------------------------------

H-Quotient Announces Major Software Sale and Listing Change
6/21/2004 10:53:00 AM
VIENNA, Va., Jun 21, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT), and Healthnostics, Inc. (HNST) have entered into a letter of intent for the sale of its PhysicianQuotient and LabQuotient medical software products to Healthnostics, Inc., (HNST) for 8 million shares of a new series of convertible preferred stock with a conversion ratio into common stock to be determined prior to closing. This transaction is subject to certain customary conditions, including execution of definitive agreements, and is expected to close on or about July 1, 2004.
On May 11, 2004, the Company sent the following statement to the Berlin Exchange: "Our company was placed on the Berlin Exchange by a broker without our authorization. This was apparently done to circumvent the U.S. short selling rules. As a result, please immediately delist our company from the Berlin Exchange." The Exchange did not comply. Further, on June 18, 2004, the Company informed the NASD that it would not contest eligibility for listing on the OTCBB and had decided to be listed solely on the Pink Sheets. The OTCBB (Bulletin Board) does not provide short seller volume, and such a listing allows listings on foreign exchanges such as the Berlin Exchange that are suspected of being used by short sellers to circumvent U.S. rules, including recently enacted NASD rules, against naked shorting. The Company's symbol is HQNT, and quotations are listed as usual, and are now also listed on the Company's website at: http://www.hquotient.com
Financial statements, which will report record earnings, will be released on or before June 24, 2004.


-----------------------------------------------------------------
Cohn even filed an Amended form NT-Q/A on May 19, 2003 with the SEC that stated:

/X/ (b) The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or N-SAR, or portion thereof, will be filed on or before the 15th calendar day following the prescribed due date

http://www.sec.gov/Archives/edgar/data/1001781/000114420404007233/0001144204-04-007233.txt


-----------------------------------------------------------------


Now, does anyone think that any of these statements promising that the financials would soon be completed were worthy of trust??? And what does one call someone who repeatedly makes statements that are not worthy of trust? Hmmm… There’s a word for it and it’s right on the tip of my tongue, but I can’t quite put my finger on it. I wish Pulitzer Prize winning columnist and former HQNT Treasurer Jack Anderson were here to help me. He had a way with words. I bet he would know exactly what to call someone who repeatedly makes statements that are not worthy of trust.

http://www.washingtonpost.com/wp-dyn/articles/A4038-2004Aug15_2.html