Current Report Filing (8-k)
June 01 2017 - 12:41PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): June 1, 2017
hopTo
Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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0-21683
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13-3899021
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(State
or Other Jurisdiction
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Commission
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(IRS
Employer
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of
Incorporation)
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File
Number
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Identification
No.)
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51
E. Campbell Avenue, Suite 128
Campbell,
CA
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95008
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (800) 472-7466
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (
see
General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure.
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As
previously stated in its May 23, 2017 earnings release, hopTo Inc. is providing the following answers to questions submitted to
its
investors@hopto.com
email address regarding the Company’s business, finances and operations. These questions
and answers will also be posted on the Company’s website at investors.hopto.com. These answers are subject to the forward
looking statement disclaimer following the last question and answer below. The following questions and answers do not purport
to be indicative of the Company’s overall current business, finances, operations or prospects; rather, the answers reflect
the Company’s responses solely to the questions submitted.
Question:
How many individuals are still on the Board of Directors?
hopTo
Answer:
There
have been no changes to the hopTo Board of Directors. The board is comprised of five independent members and the Company Chief
Executive Officer all of whom were included on our Form 10K filed on April 7, 2017 with the SEC. The board is not currently receiving
fees from the Company.
Question:
On the Aqua Licensing Website it states that all bids were to be in by 3/20/2017 and the winning bid would be announced on 4/7/2017.
Is the company currently in Subsequent rounds of bidding with multiple potential buyers?
hopTo
Answer:
As
we stated in our Form 8K filed with the SEC on April 20, 2017, the hopTo IP sale process is still ongoing. We cannot currently
discuss any specifics as discussions are still underway with potential buyers.
This
question and answer set contains statements that are forward looking. These statements include statements regarding potential
strategic transactions and negotiations, financing and cost cutting initiatives, such as subletting our office lease. These statements
are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual
results to differ significantly from those described in the forward looking statements. Factors that may cause such a difference
include the following: our lack of cash resources makes it extremely difficult to execute on our efforts to extract value from
our hopTo and Go-Global assets, and creates risks that we may be unable to realize full value for such assets; we may be unable
to manage our expenses to a degree to preserve our opportunities to extract value from our assets, and may be forced to sell them
at unfavorable prices; there is no assurance that any transaction will be achieved for any hopTo assets in a timely manner, on
reasonable terms, or at all; and other factors, including those set forth under Item 1A, “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2016 and in other documents we have filed with the SEC. We assume no obligation
to update the above question and answer set, which speaks only as of the date of this Form 8-K in which these questions and answers
first appear.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
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hopTo
Inc.
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Dated:
June 1, 2017
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By:
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/s/
Jean-Louis Casabonne
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Jean-Louis
Casabonne
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Chief
Financial Officer, Secretary
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