So here is my theory on what has happened with HIM
Post# of 17862
Posted On: 02/07/2014 4:04:37 AM
So here is my theory on what has happened with HIMR these last couple months.
Some of you may not like it, but keep in mind it is just a crazy thought of mine that I've fabricated by thinking of what I would of done if I was in HIMRs shoes a few months ago.
The Bayona lake project is no doubt real, showing tremendous potential, and the savior of HIMR IMO. Alot of progress has been made there to date. However, I think HIMR realized early on that they would not be able to go forward and complete the project due to expenses (I believe nearly 500k has been spent to date securing this contract, developing the road/ramp, equipment etc. - read this contract to see where I got this number: http://www.otcmarkets.com/financialReportView...id=108205) without maxing out the A/S's, forcing a reverse and most likely the death of the stock. Since this would be obviously be the worst case scenerio for HIMR, Hayward, and of course the rest of us shareholders they devised a plan in which would benefit all parties. It involved some PR pumping, paid promos, and a dumping/diluting scenerio for Hayward (at a premium price). In turn which he would have agreed to retire his premium C shares and provide enough of a loan back for HIMR to be able buy back shares and carry on with the Bayona project. I believe they then intentionally have held off on sharing the pics to drive the price down to lowest possible buy back price. Once they have completed phase 1 of the buy back I think they will release the pics, announce the completion of phase 1 of the buy back and get this thing rolling to Pennyland.
OK I know this is not true (or legal?). Again just some crazy idea I came up with of what I would of done in their (desparate) situation... But you have to admit, would of been kind of genius if you think about it, and explains most of what has happened these last couple months.
Some of you may not like it, but keep in mind it is just a crazy thought of mine that I've fabricated by thinking of what I would of done if I was in HIMRs shoes a few months ago.
The Bayona lake project is no doubt real, showing tremendous potential, and the savior of HIMR IMO. Alot of progress has been made there to date. However, I think HIMR realized early on that they would not be able to go forward and complete the project due to expenses (I believe nearly 500k has been spent to date securing this contract, developing the road/ramp, equipment etc. - read this contract to see where I got this number: http://www.otcmarkets.com/financialReportView...id=108205) without maxing out the A/S's, forcing a reverse and most likely the death of the stock. Since this would be obviously be the worst case scenerio for HIMR, Hayward, and of course the rest of us shareholders they devised a plan in which would benefit all parties. It involved some PR pumping, paid promos, and a dumping/diluting scenerio for Hayward (at a premium price). In turn which he would have agreed to retire his premium C shares and provide enough of a loan back for HIMR to be able buy back shares and carry on with the Bayona project. I believe they then intentionally have held off on sharing the pics to drive the price down to lowest possible buy back price. Once they have completed phase 1 of the buy back I think they will release the pics, announce the completion of phase 1 of the buy back and get this thing rolling to Pennyland.
OK I know this is not true (or legal?). Again just some crazy idea I came up with of what I would of done in their (desparate) situation... But you have to admit, would of been kind of genius if you think about it, and explains most of what has happened these last couple months.
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