Posted by: stervc In reply to: None Date:12/11/2007 3:52:53 AM Post #of 7585
HCPC Insider & Institutional Ownership & DD…
Below is some research I compiled to show some key thoughts for the potential in HCPC. I think it’s worth researching as I think a few major events are about to transpire with HCPC.
******************************************************************************************************************************** http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12750 ** No Preferred Stock ** No Debentures ** Warrants and convertible debt amount are anti-dilutive ** From Note 5 within the filing above: The Company’s largest Investor is First Independent Financial Group (FIFG) and as such, management is provided by FIFG to the Company and related companies to achieve the business model that impacts the Company and all of the affiliated companies. ** FIFG trades on the NASDAQ at $11.99 per share. ** FIFG acknowledges ICIC ownership: http://www.firstindependentfinancialgroup.com/id19.html ** Go to the FIFG website below and click where it reads… Independent Capital Credit Corporation ** Now go to the HCPC website and click on… Independent Capital Credit Corporation ** Both locations will take you to the same ICIC company at the website below: http://independentcapitalcreditcorp.com/ ** Further confirmation of some kind of dividend in FIFG, merger, etc. is going to take place.
http://biz.yahoo.com/prnews/071009/latu054.html?.v=101 ** Announced plan to buy back stock on the open market over the next year. ** Plan includes using 35% of its income following each project funding to buy back stock. ** Company believes current market price for the stock does not adequately reflect the intrinsic value of the stock and therefore, the Company should take advantage of the low price. ** The Company expects to receive a 5% origination fee at the closing and funding of each commercial project. ** That cash revenue will be used for general and administrative expenses and to repurchase stock. ** The buy back is expected to reduce the number of shares outstanding, thereby increasing the value of the shares available. ** Revenues are expected to be generated by year end. ** NO REVERSE SPLIT per the company unless a strategy is developed for moving up to the NASDAQ.
http://biz.yahoo.com/prnews/071019/laf059.html?.v=57 ** Regarding the initial 21 clients who came to Heritage in 2004 and 2005, they provided a business plan and signed contracts for funding. ** Heritage is still waiting for signed agreements to acquire commercial asset projects, as required in Jane's part. ** According to the PR released on 31 Jul 07, there were 26 clients that were to generate $740 Million in Revenues with a net profit of $35 Million. That’s a 4.6% Profit Margin with an average of $28,461,538 per client. ** There are now 21 clients and not 26 clients so the new numbers are below. ** The new Revenues amount would be 21 x $28,461,538 = $597,692,298 ** The new Net Profit/Income amount would be x .046 = $27,493,846 ** $27,493,846 ÷ 2,500,000,000 = .01 EPS ** 12 Conservative Ratio x .01 = .12 Per Share ** This valuation would only increase because the company stated that it would use 35% of the profit to go towards buying back shares to reduce the OS. ** 35% of $27,493,846 = $9,622,846 as a minimum to go towards buying back shares. At .0002 per share, the current Market Cap is $500,000 so I think could imagine what a $9.6 Million share buyback out of the open market would do for HCPC’s valuation. ** This in turn will reduce the OS much lower which in turn enhances valuation since the OS is the key denominator for assessing valuation.
The Institutions and Insiders have not sold any shares to date. This is a huge show of confidence since their cost basis from the posts above is well into the pennies. It looks like HCPC is transforming into more than just a lotto play as from what I had originally thought. I hope these thoughts help.
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