Replies to post #31310 on Halitron Inc (HAON)

[bucks2pennies]

Folks, I am a bit confused AGAIN. HAON gets the $3M from LTCP. However, I seem to recall the intent of use for those funds ARE for promised dividend purposes....if they keep their commitment to the investors.

Recall that the restricted C shares were to be issued to the investors as a dividend originally. The company specifically stated that their value was $3M. Since then they determined that the C distribution was too complicated to follow through with so LTCP opted to pay out the obligation in cash. All of that cash is to be distributed to shareholders on record prior to July 2020.

Therefore, it seems to me that the $3M, while on HAON's books as an asset, IS already obligated and NOT for use in the buyback program.

Are those talking of using $3M for buyback talking about another $3M. In regards to the $3M mentioned above, that $3M will be FULLY distributed to investors on record according to the company's statements.

[Alpha1974]

It was on the Investor Hub site, I did not see it stated in the press release either, but thinking about it if they can buy back 3B shares then it would appear to be enough to do the trick of .01 and probably a little more, which right now roughly equals $3M.