Posted On: 01/12/2016 1:57:41 PM
Post# of 15187
I'm not going to fully assume anything, but did you mean to state that you used to be a supporter of HJOE? You did mention it elsewhere that you, "used to support the company." Which one is it?
The point, though, is well-taken. Filings must happen at some point for HJOE to fully recognize its potential. They did mention in late December that they plan to become current in 2016. They did not give a date, nor can anyone guess as to when the SEC will step in and suspend for delinquency. On the surface, it seems that HJOE is well-aware of the timetable in which they have to complete the process of obtaining an auditor and filing. A recent court filing from KBM will go a long way in determining the direction of payment on toxic notes. Filing with the toxic notes is unappetizing. Allowing the toxic lenders to convert shares post filing will wipe out the SP as they dilute.
A sticky situation for HJOE and perhaps that "compelling story," we are all waiting to hear about.
The point, though, is well-taken. Filings must happen at some point for HJOE to fully recognize its potential. They did mention in late December that they plan to become current in 2016. They did not give a date, nor can anyone guess as to when the SEC will step in and suspend for delinquency. On the surface, it seems that HJOE is well-aware of the timetable in which they have to complete the process of obtaining an auditor and filing. A recent court filing from KBM will go a long way in determining the direction of payment on toxic notes. Filing with the toxic notes is unappetizing. Allowing the toxic lenders to convert shares post filing will wipe out the SP as they dilute.
A sticky situation for HJOE and perhaps that "compelling story," we are all waiting to hear about.
(0)
(0)
