My share/vol calculation from debt agreement:
Remember that HAON settled with EROP Capital as of Sept 29, where EROP would remove Haon debt for $1.16mn worth of shares.
$1.16mn/.0002 avg price (since the settlement) = 5.8bn shares. From the filings o/s increased as of June 30, 2017 2.9bn shares to 6bn as of Nov 9. That is a 3bn o/s increase presumably to take care of the EROP shares...o/s could have increased since Nov 9, but key number would be 5.8bn shares that might be coming out.
Volume:
This week around 1.4bn shares
Last week around 500mn shares
Nov 15 858mn shares
Oct 30-31 around 3bn shares
Last two were the high volume days.
So it looks like the dilution/dumping is LIKELY to be DONE or DONE SOON. I think the recent buying may be from those who have figured out the numbers and are positioning for the upside...esp with the 4Q guidance showing a jump in Hopp revenue which should help them improve cash flow enough to buy back some shares.
I am holding into 1Q18, when, as they said, they would attempt to meet OTC QB uplisting requirements, which includes a .01 share price...not sure if they will do it by then, but think they are moving in the right direction. CASH FLOW is key...and debt removed (albeit at the expense of a huge share count - buy back should help offset this in the coming months).
All imo, looking at the available details. Looking forward to Friedman finishing their audited financials.
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