Replies to post #49594 on Halitron Inc (HAON)

[garychico1963]

Hey, check out all the new inside info that is appearing about HAON, fraud at its best. Run while you can!!!

[towerclimber92]

What exactly was this note issued for? The #1 thing about financial statements that pisses me off, is that they don't tell the complete story and can leave one guessing.

[MrRug1016]

From the HAON quarterly:
Asset sale of two brands owned by HAON to LTCP for the receipt of 56M restricted LTCP common shares plus 80M
LTCP Preferred Stock C shares with a payment value of $3M in 2020. Management intends to dividend out the LTCP
Preferred Stock C to HAON shareholders of record at a future date to be announced upon receiving approval from FINRA
once the corporate action is submitted.

It's not 3Million in cash, it's Stock with a Payment value of $3million.

[bucks2pennies]

Do you really think LTCP is independent from HAON? LTCP was a deal struck by HAON. If the deal does not have merit and LTCP is now clear of the debt due HAON...it is with Fin's blessing.

Never expect to see this go to court (costs real money). HAON will just verbally write off the debt. "Sad to report HAON shareholders...LTCP refused to fulfill its $3M obligation and therefore HAON has determined that it is not feasible to pursue in court and instead HAON intends to write it off as a cost of doing business."

Never real in the first place. Used to promote new share sales for HAON. Worked. Now useless in doing so. So, clean the slate. But it should be a dreadful reflection on how well HAON does its primary business 'selling company assets' for profit.

LTCP with Fin as a major share holder (unaccounted for preferred shares is my guess) no longer is obligated to HAON and that "news" alone should sell some new shares for LTCP.

All a game and we are the big fool participants.