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Re: Huggy Bear post# 13185

Friday, 01/25/2013 12:11:30 AM

Friday, January 25, 2013 12:11:30 AM

Post# of 18067
HHSE - the main creative question (I think??) is how they could have had all these consecutive profitable quarters when they lost so much on Twelve.

This is probably reaching but ... if they cannot tell us why the audit is held up, could they tell us more generally *why* they cannot tell us! Could the information, for instance, be used by competitors? (A non-answer might still be informative here... their response might provide a good smell test??)

This is perhaps a weird question but you asked for some creativity ... if they were in OUR shoes, what is the main verifiable reason for believing the company is worth more than the current marketcap?

Another nagging question that is probably confusing to ask but perhaps you can think of a way to simplify ... when they found that Fotis had not provided funding for the company, contrary to what he supposedly stipulated, why did they take him for his word orginally? Worse yet, when negotiating they must have known the company assets ... so why did it really matter where the assets came ... either through personal deposit or retained earnings? In other words, if I buy a house because it has a nice kitchen ... I don't care if the previous owner put in the kitchen himself at great expense or if the house also came that way to him originally... only the intrinsic value of an asset matters, not *how* the asset came to be, so it does not make sense to me that Fotis telling them he had dumped a lot of money into the company was reason for providing him shares. (Perhaps I'm missing the story but that is how I understood.)

No matter my dissappoinment, I'm hanging in as I see the company worth more than the marketcap (despite manangement) and potentially way more under optimistic assumptions. A huge thanks for representing! And good god, may the stress of this investment soon be over with!
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