PennyStockTrader2
6 months ago
So they are "diversifying" into a holding company with a completely unrelated business with glass, I dont know what to say about that, but its NOT a direction I would want to be involved with, but at the same time it mentions 200 employees and a heck of a lot of revenues. Interesting. I am selling slowly out of my position but looking for higher prices for the remainder, it could just as easily go back to 8 - 10 cents theres just no way to know. More important was seeing that .04 was just flat cheap and to buy. Selling is a little harder, but thats ok, if it goes back to .04 buy more.
https://www.otcmarkets.com/stock/HITC/news/story?e&id=2769596
jerseyboy73
7 months ago
Why are you asking me??? According to your post you did your DD....correct??
PennyStockTrader2
Re: janice shell post# 553
Tuesday, December 05, 2023 5:12:56 PM
Post#
557
of 582
He's also running BERI Blue Earth Fuels on the OTC, I did extremely well there as well, and I did my research on him at the time, not all CEOs are squeeky clean but I am ok with what I researched and feel we will be just fine here. But thanks for your concern we could always use multiple angles.
jerseyboy73
9 months ago
HITC no longer has any Converts, the last Convert was bought out and has 10% coupon. As of now there are no more converts...
On June 12, 2023, we issued a Promissory Note to Platinum Equity Advisors, LLC, a related party (the βPlatinum Noteβ), in the principal amount of $372,069. The Platinum Note is unsecured and bears interest at 10% per annum. The principal amount of the note plus accrued interest of $18,604 is due in a single lump sum payment on December 12, 2023. We incurred no issuance cost on the transaction and the proceeds were used to retire our obligations under the AJB Note 2 (See βNote 8 - Notes Payable, Netβ). At July 31, 2023, the principal balance of the Platinum Note remained $372,069 and accrued but unpaid interest was $5,064. The accrued interest is included in Accounts payable and accrued expenses, related party on our consolidated balance sheets. The amounts and terms of the related party transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.
On June 12, 2023, we retired the AJB Note 2 in full with proceeds received from the issuance of a new promissory note to a related party (See βNote 7 - Notes Payable, Related Partyβ).