JB, even though it is quite clear that you have no interest in doing DD on the company itself, you questions are valid nevertheless to others like Bruce Brotnov, HotlinkTuna, Roger Bodine and others who have done real DD and purchased some stock in H-Quotient, or to others that might be considering it.
For those interested, I've reposted his questions below:
1. No, I do not. I suggest you call the company.
2. No, there is not, that is unethical and even illegal, as I recall. It is a set amount of stock that is restricted from trading for 1 year from issuance and I do not know the exact date I will receive them. It's not really that important since they have no value for 1 year.
3. Just myself
4. Occasionally I have posted on Yahoo in the past, but of course, they do not have message boards for BB (i.e. OTC/BB) stocks.
5. I might but who really cares? What others do is completely up to them, as always. I am perplexed by this question. Virtually all companies have I/R people and each potential investor should always do their own DD and make up their own mind, and decide if and when to buy and when to sell. Everybody must do their own reward/risk and valuation analysis, as with any stock.
BTW -- Just for full disclosure sake, it should noted that JBinPA has accused me of a number of things privately that were all untrue, including "pumping and dumping". Let me say this -- I knew there would be a few who would consider me automatically guilty for volunteering to disclose that I had accepted a job of giving a company some exposure. I had hoped that the fact that I cannot sell the stock for one year and that I had purchased stock on the open market at 57-74 cents would prove my belief in the company. However, with JBinPA, the ONLY way I could think to prove his charges false was to make a very serious, high stakes bet - a $100,000.00 (or higher) bet.
In fact, I would gladly agree to NOT represent any companies when I win that bet and he pays me. I have offered to disclose all my trades to him and an independent third party.
Was I being serious? Absolutely
But did I know he would not accept? Of course.
PLEASE READ CAREFULLY
I made that bet, not because I expected him to accept it (although I wish he would), but to make a point. There will always be those that want to believe the worst in someone. I cannot prove to anyone that I am trying to honestly represent H-Quotient, but that is precisely what I am doing. I am the first to admit that Bulletin Board stocks are risky and D.D., as I have said, many times is crucial.
I have also said that one must really trust management. H-Quotient has recently added a noted scientist and a former Senior VP of Freddie Mac to their team. The CEO, Doug Cohn, attended West Point. Maybe that means nothing to some and that's fine. Certainly it is just part of the DD.
Are the recent PR's worth anything? Each must decide.
biz.yahoo.com
Did the company really earn in excess of $1,000,000 from operations in the last Fiscal Year? Well, they said so in a Press Release on Friday.
How serious is it that they are late with their audit and have received a temporary "e"? That is certainly part of DD too, so let's discuss it. The SEC requires that any listed company complete an annual audit and file it within 30 days after the "e" designation or they go to the pink sheets. Once the SEC receive a company's filing, as I understand, they may come back and ask for clarifications or request more information, which may take more than 30 days in unusual circumstances (if there is a lot of back and forth, as happened in 2000). Even so, as long as the company met the original 30-day window and answers SEC questions promptly, that is the main thing and they are not considered in violation by the SEC. After all, it is often the SEC that delays the process themselves.
So how serious is it? Well, that is for each to decide. They've been late before and always come through, since they are certainly not on the pink sheets now. Does that mean they will get the audit done within 30 days and get the "E" removed? Well, the CEO said they expected it to be done by next weekend when I spoke to him on Friday, but like I said, each must decide. Some may want to sell the stock and others may want to wait and see. Some may want to call the CEO. That's all fine. Each must decide.
Finally, almost all companies have I/R firms getting paid or brokers or analysts recommmending their stocks. If there is any doubt in anyone's mind in any company as an investment, why invest in it? New investors should probably be talking to financial advisors whom they trust, because this is a tricky market, to be suer. Even IBM, VRTS, and GE stocks have tanked lately and they are certainly safer investments than Bulletin Board stocks. People invest in low-priced issues because they believe there is a high reward, but like options, they are more risky.
Ultimately it's everyone's own DD that determines what they are going to do about any stock investment.
Your questions -
1. Do you know how many other internet posters or "public relations firms" the CEO has hired to "find investors" ? God, I luv that term ! If so, could you please disclose the numbers and names as fair and open disclosure.
2. You have stated you have not been paid any shares to date but that you will be in the future. Is there a stock price that HQNT must reach before you will be paid shares ? If so, what is that level, please, as fair and open disclosure ? When will you be paid your shares and what is payment based on ?
3. Are other SI posters working for you on this "project" ? If so, would you please name them as fair and open disclosure ?
4. Do you post on message boards other than SI ? If so, could you name them along with your id name as fair and open disclosure.
5. Since you've done a public service alerting the investing world to a gem at a great price, will you also alert the investing world when this gem is reaching a price that it is no longer quite the gem it was ? If so, would this be done in advance or after the fact ? |
