HJOE Hangover Joe's
June 9, 2015 ·
We continue to receive numerous requests for information, and as a courtesy to the numerous requests for information I continue to receive, will recap the situation.
• Our company engaged an auditor (Terry Johnson), paid the retainer and submitted everything it could think of to file its annual report on form 10-k as it has for years. Without any further discussion as to the merits of the case, we filed a complaint against Mr. Johnson, case number 2015023881 with the Florida State Board of Accountancy. While we appreciate any attempts to confirm this information, we respectfully request that no attempt be made to interfere with the case (more on this later).
• As a result of this, we are no longer current in our financial reporting. We do intend to become current in the future. However, the loss of momentum by not filing will take extra catch up time, and we can’t say for sure how long that will take before we are complete, but we do intend to file our annual audits so we can obtain non-toxic financing in connection with sales orders.
• We continue to work with new sales people in various arrangements in different countries. We have also put together a deal with a company that will put our brands all over North America and in 3 other countries to start. Distribution ultimately is about the product actually changing hands at the retail level and our company being paid in full. However, we have had several incidents now with individuals (more than likely Short sellers) taking information we provided the public and attempting to use it to harm us, so the stock price will drop and they can fill their short positions at a profit. We warn investors to not underestimate the tactics of these individuals, their attempts to act in a manner that may appear helpful or friendly; extra diligence is required for this kind of conduct which is far more than the normal traditional process of assessing investments.
• In a sense, the basher sees themselves with a temporary advantage; because of their conduct, the new sales distributors have all requested confidentiality so their business is not interfered with. The basher can then raise doubts about the distributors of course since they are not yet disclosed. Of course the basher’s shenanigan is pointless, as the amount of product that changes hands over time is the true advantage the Company is focused on. The basher’s advantage then is only over the short term investor, not the company, and we encourage such parties to assess the situation accordingly.
• With the millions of dollars of stock trading hands in recent weeks, we have seen an increasing amount of insincere activity in stock boards and various places. Paid bashers are of course part of a business in some manner, at least those involved have represented. Since this conduct is so prevalent, our Company has to take measures to protect itself, its representatives and others. These measures may not always be what some would prefer us to do but we encourage all involved to let us continue building the company. For those who are uncomfortable, we wish you well and hope you will move on to other things, for those who re supporting us we are grateful, and those who are involved with our company as part of a professional stock shorting operation, we hope and will continue to work towards you having even more problems.
Were going to do our job and put product in stores. This is the final word for word for now.
Matt Veal CEO
$HJOE
June 9, 2015 ·
We continue to receive numerous requests for information, and as a courtesy to the numerous requests for information I continue to receive, will recap the situation.
• Our company engaged an auditor (Terry Johnson), paid the retainer and submitted everything it could think of to file its annual report on form 10-k as it has for years. Without any further discussion as to the merits of the case, we filed a complaint against Mr. Johnson, case number 2015023881 with the Florida State Board of Accountancy. While we appreciate any attempts to confirm this information, we respectfully request that no attempt be made to interfere with the case (more on this later).
• As a result of this, we are no longer current in our financial reporting. We do intend to become current in the future. However, the loss of momentum by not filing will take extra catch up time, and we can’t say for sure how long that will take before we are complete, but we do intend to file our annual audits so we can obtain non-toxic financing in connection with sales orders.
• We continue to work with new sales people in various arrangements in different countries. We have also put together a deal with a company that will put our brands all over North America and in 3 other countries to start. Distribution ultimately is about the product actually changing hands at the retail level and our company being paid in full. However, we have had several incidents now with individuals (more than likely Short sellers) taking information we provided the public and attempting to use it to harm us, so the stock price will drop and they can fill their short positions at a profit. We warn investors to not underestimate the tactics of these individuals, their attempts to act in a manner that may appear helpful or friendly; extra diligence is required for this kind of conduct which is far more than the normal traditional process of assessing investments.
• In a sense, the basher sees themselves with a temporary advantage; because of their conduct, the new sales distributors have all requested confidentiality so their business is not interfered with. The basher can then raise doubts about the distributors of course since they are not yet disclosed. Of course the basher’s shenanigan is pointless, as the amount of product that changes hands over time is the true advantage the Company is focused on. The basher’s advantage then is only over the short term investor, not the company, and we encourage such parties to assess the situation accordingly.
• With the millions of dollars of stock trading hands in recent weeks, we have seen an increasing amount of insincere activity in stock boards and various places. Paid bashers are of course part of a business in some manner, at least those involved have represented. Since this conduct is so prevalent, our Company has to take measures to protect itself, its representatives and others. These measures may not always be what some would prefer us to do but we encourage all involved to let us continue building the company. For those who are uncomfortable, we wish you well and hope you will move on to other things, for those who re supporting us we are grateful, and those who are involved with our company as part of a professional stock shorting operation, we hope and will continue to work towards you having even more problems.
Were going to do our job and put product in stores. This is the final word for word for now.
Matt Veal CEO
$HJOE
