Halitron, Inc. - HAON Announces $3 Million Asset, Stock Buyback to .01
January 22 2018 - 7:05AM
InvestorsHub NewsWire
Miami, FL --
January 22, 2018 -- InvestorsHub NewsWire -- EmergingGrowth.com, a leading
independent small cap media portal with an extensive history of
providing unparalleled content for the Emerging Growth markets and
companies, reports on Halitron, Inc. (OTC
Pink: HAON).
HAON
may not be at these levels much longer.
See the Press Release and more on Halitron, Inc. (OTC
Pink: HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
Halitron, Inc. (OTC
Pink: HAON) just announced the successful negotiations to
modify an existing agreement to reflect the following impact on
Halitron’s financial books and records.
Halitron has returned 56 million restricted common shares and 80
million Life’s Time Capsule Services, Inc.’s (“LTCP”) Preferred
Stock C shares to LTCP in exchange for the receipt of a note
payable for $3 million, bearing interest of 4%, which matures in
July 2020.
In the transaction, the assets sold to LTCP in the original
transaction will revert to a Halitron asset on its balance
sheet. In 2020, upon receipt of the $3 million principal and
interest along with Halitron’s Board of Directors’ approval,
Management will submit corporation action paperwork to FINRA for
the issuance of a cash dividend to its shareholders, of which
record, and payment dates will be announced post receipts of the
settlement of the note payable for $3 million.
Halitron has also begun to buy back shares in the open market
according to the “black-out” periods disclosed in its filing to OTC
Markets with the objective to increase its share price to $0.01 per
share. The $0.01 share price is one of the requirements by
OTC markets to uplist to the OTC QB. The number of shares and
price paid will be listed in its quarterly filings.
Recently, Halitron, Inc. (OTC
Pink: HAON) announced that it booked $342,000 in revenue for
the fourth quarter 2017 which represents a 110% increase in sales
over the third quarter 2017.
The company stated in its press release… “With a market cap
of only approximately $1,324,000, Management is excited to announce
that its sales for the three months ended December 31, 2017, have
been recorded at approximately $342,000, which represents an
increase of 110% over its previous quarter sales of approximately
$163,000, for the three months ended September 30, 2017.”
If sales continue at only half this pace throughout 2018, the
company could be looking at over $3 million in sales for
2018.
The current market cap of Halitron, Inc. (OTC
Pink: HAON) is approximately $1.3 million, its shares can have
a dramatic upside.
Previously the company announced that margins are also expected to
increase due to its reduction of a manufacturing cell expenses by
65% after a move from Newton CT, to New Hide Park NY.
Halitron, Inc. (OTC
Pink: HAON) is also currently completing its audit which will
allow it to qualify for an up list to the OTCQB in the early part
of 2018.
HAON
may not be at these levels much longer.
See the Press Release and more on Halitron, Inc. (OTC
Pink: HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
Other Companies in the news and featured on EmergingGrowth.com
NorthWest Biotherapeutics, Inc.
Northwest Biotherapeutics, Inc. (OTCQB:
NWBO), on Friday announced a Reg-D offering for accredited
investors. This Offering will be in the form of Series B
Preferred Stock convertible into the Company's common stock, and
each share of Series B Preferred Stock will be convertible into 10
shares of common stock at $2.30 per share. The company will
sell as many as 5.5 million shares of the series B. According
to OTC Markets, there is 335 million shares outstanding. This
could be an unwelcomed sign of dilution
Have a look at Halitron, Inc. (OTC
Pink: HAON)
ProText Mobility, Inc.
Shares of ProText Mobility (OTC:
TXTM) sored over 150% during the past two trading sessions
before giving back 20% but still remained over the upper portion of
the Bollinger Band. This run started before and traded
through news discussing a new acquisition. Shares are already up
300% since the latter half of December. It’s important to
note the capital structure according to the Company’s recently
filed 8K:
Capital of
TXTM consists of
10,000,000,000 authorized shares of Common Stock, par value
$0.0001, of which 1,946,690,324 shares are issued and
outstanding (“Common Stock”) , and
25,000,000 authorized shares of Preferred Stock (of which 9,550,055
are outstanding), par value of $0.001, of which 100,000 shares are
issued and outstanding (as amended), 550,055 shares are issued and
outstanding as Class B Preferred, and 9,000,000 shares are issued
and outstanding as Class C Preferred. Each share of Class C
has voting rights attached of 200 common shares on all
matters (“Preferred Stock”)
The Capital of
PLSA consists of
1,000 authorized shares, of which 100 shares are issued and
outstanding, which for the purposes of this agreement shall be
referred to as “Capital Shares”.
Alkame Holdings, Inc.
AKLM Holdings, Inc. (OTC:
AKLM) closed down 15% on Friday as predicted as investors are
awaiting some sort of information in the form of news on the
forefront.
In the meantime, have a look at Halitron,
Inc. (OTC
Pink: HAON). Here’s a trip two with a market cap of
$1,324,000 that just released a 110% increase in Q4 revenue
over Q3 to $342,000.00, a stock buyback to the point of .01, and $3
million in assets being added to the balance sheet.
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