Excellent write-up.
How much cash do you think will be left from that $39,965 they had on the books as of September 30, 2017 after covering the $6 million dollars in expenses owed? You don't have to be a genius to figure out the math doesn't work for HAON to be able to buy back even 1 share off the open market especially since Nevada State Law says you cannot buy back shares if you do not have the cash to pay off your liabilities first.
This point, in particular, says it all. The dividend is your usual pink sheet nonsense, but the announcement of the share buy back made my head hurt in a way like when I try to contemplate the size of the universe. It was just... huh? Does not compute. Error.
There's some foul pinks out there, but it's how this one manages to be ostensibly ludicrousness that gets under your skin.
Bernard is a disgusting person.
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