If it was not a buy back here is my guess.
From Pyshe333 on Ihub:
"Someone cashed in 450 mil at .0001 directly to a broker/dealer and then the broker/dealer flipped the same 450 mil at .0002.... Thats why they all hit at once. It wasnt really 900 mil dump, just 450 but still a large dump."
Which is why the bid is still around 900 mil. 1,300,000,000 - 450,000,000.
Who has this many shares to sell? Only one person we know of, Lonnie Hayward.
By my math after the initial agreement with Lonnie eliminating the 99.5% of his preferred shares he would of had about 3.5 billion worth in common shares left to convert (end of Jan.) Assuming he continued to dilute his remaining shares at the same rate he had done in the previous 4 quarters, he could of diluted an additional 3 billion over these last 3 months and only have about 500 million shares left. Perhaps today he was selling off all of his remaining shares as per agreement with HIMR? Afterall why would HIMR want to buyback if Lonnie can just turn around and sell his preferred shares the next day, essentially eliminating any benifit of the buyback? Just like what happened with the last buyback in 2012. IMO HIMR has been tying up loose ends these past few weeks and as of today Lonnie no longer owns nearly any PReferred C shares. If I am right we should hear more about the buyback and operations any day now. No longer any reason to hold back information.
"As of December 31, 2013 and 2012, there were 687,994 and 697,341"
1 preferred C share = 1 million common shares.
99.5% of the c shares were eliminated in Jan 2014.
697,341 x .5% = 3,486
3,486 x 1,000,000 = 3,486,000,000.
From Pyshe333 on Ihub:
"Someone cashed in 450 mil at .0001 directly to a broker/dealer and then the broker/dealer flipped the same 450 mil at .0002.... Thats why they all hit at once. It wasnt really 900 mil dump, just 450 but still a large dump."
Which is why the bid is still around 900 mil. 1,300,000,000 - 450,000,000.
Who has this many shares to sell? Only one person we know of, Lonnie Hayward.
By my math after the initial agreement with Lonnie eliminating the 99.5% of his preferred shares he would of had about 3.5 billion worth in common shares left to convert (end of Jan.) Assuming he continued to dilute his remaining shares at the same rate he had done in the previous 4 quarters, he could of diluted an additional 3 billion over these last 3 months and only have about 500 million shares left. Perhaps today he was selling off all of his remaining shares as per agreement with HIMR? Afterall why would HIMR want to buyback if Lonnie can just turn around and sell his preferred shares the next day, essentially eliminating any benifit of the buyback? Just like what happened with the last buyback in 2012. IMO HIMR has been tying up loose ends these past few weeks and as of today Lonnie no longer owns nearly any PReferred C shares. If I am right we should hear more about the buyback and operations any day now. No longer any reason to hold back information.
"As of December 31, 2013 and 2012, there were 687,994 and 697,341"
1 preferred C share = 1 million common shares.
99.5% of the c shares were eliminated in Jan 2014.
697,341 x .5% = 3,486
3,486 x 1,000,000 = 3,486,000,000.
