Then this month HAON changed the dividend to say that it would be a cash dividend but would only be done once LTCP was able to secure an excess of $3 million in cash
Not to mention the hundreds of thousands of dollars in debts that LTCP had on the balance sheet.
Do you really think that LTCP which made no revenues in 2017 is suddenly going to start making enough money to pay for its operations including old debts and have $3 million in cash left over to do a dividend?
How long does it take a company with no real business operations to made a net profit of $3 million? According to my math it's impossible.
Do you really plan on holding your HAON shares until LTCP can save up an excess of $3 million in cash?
Or would you prefer to talk about the buyout that HAON first announced in October of 2017?
HAON is a Nevada business entity. According to Nevada law, a Nevada business entity cannot use cash to buyback shares if they have outstanding debts on their balance sheet unless enough cash exists to be able to pay off the debts first.
You might want to check the last HAON shoddy financial statement which showed $6.4 million in debts/liablities and only $39,845 in cash (including the cash owned by The Hopps Companies Inc)
Oh and while you are in the HAON filings you'll notice that as of November 16th they had very predictably bought 0 shares back despite saying they were going to start buying back shares in that October PR.
They have said several more times the since then that the audit is almost done but still no audit.
How many times is a company going to say they are doing an audit to apply to become a fully reporting SEC company without actually doing an audit before you people wake up to the truth?
I'm more than happy to discuss anything to do with HAON. I researched it thoroughly and provided tons of links in my old posts from October/November warning people about HAON.
Already since late October the Float has grown by more than 2 billion shares with billions of shares yet to go before the illegal EROP Capital LLC 3(a)10 prearranged court settlement is paid off.
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