Replies to post #45468 on HPIL Holdings (HPIL)

[Madguppy]

"The buyback is to apologize for being too late to become pink current on time,"

Do you have proof of this statemrnt?

[shotsky]

TDA doesn't trade pink stop companies, period. There ARE no TDA 'investors'. HPIL has been that way for 5 years. 5 years of filings is 20 separate filings to be submitted IN ORDER and approved by FINRA/SEC. Many of the other pink stop/yield companies are trying to do the same thing. Then there are the thousands of companies that aren't late on fins, but continue to file every 3 months. ALL of those delinquent filings must be approved during this grace period or they'll be delisted off the pink market.
The stock buyback is in no way an 'apology'. The share structure is out of hand, and the only two ways to fix it are stock buyback or reverse split. I suspect the nearly 4 billion shares from recently converted notes are what they are going to buy back. They said they tried to pay off the note and the lender wouldn't accept it.