Halitron, Inc. - HAON, Up List Imminent, Shareholder Dividend Update
December 18 2017 - 7:49AM
InvestorsHub NewsWire
Miami, FL -- December 18, 2017 -- 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 issued an update regarding an up list, and
shareholder dividend.
During the two previous quarters, HAON has posted assets for 56
million Restricted LTCP Common Shares and 80 million LTCP Preferred
Stock C shares. The LTCP Preferred Stock C is entitled to a
dividend payment in 2020 in the form of cash or LTCP common shares
in 2020 valued at $3 million.
LTCP Management has planned to pay the $3 million payment due on
the holder of the LTCP Preferred Stock C shares upon LTCP either
completing a sufficient fundraising or generating cash flow, which
may be earlier than the planned 2020 dividend date.
HAON stated that management is
expecting quarterly revenue to surge over $300,000 in its first
reporting period since the acquisition of The Hopp Company assets
earlier in the year.
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.
Management further stated that
its 2017 audit to be completed during the early part of 2018, with
an up list to the OTCQB following shortly after.
Financial Highlights
from its Q3 Report:
The sale of two Halitron brands
to Life’s Time Capsule Services, Inc. (“LTCP”), the acquisition of
The Hopp Companies, Inc’s (“Hopp Companies”) assets, and the
previous two acquisitions of the brands are now listed on the
Company’s unaudited Balance Sheet as of September 30, 2017, with
the following selected data points:
LTCP Preferred Stock
C
$ 3,000,000
56,115,000 Restricted Common
Shares
of LTCP (valued at par value)
*
$ 56,115
Hopp
Goodwill
$ 700,000
Pieces In Places
Goodwill
$ 28,297
Cinch Signs Goodwill
$ 611,622
Total
$ 4,396,034
* LTCP’s
common shares have been trading at around $0.05/share, and are
expected to have market value in excess of par value, and the
Company’s holding of such shares is subject to a pending impairment
analysis. 56 million common shares of LTCP hold a current
value of $2.8 million @.05 per share.
Halitron is now generating
sales revenue, which, accompanied with its anticipated ability to
raise capital through traditional debt for working capital needs,
which management believes will provide the Company the runway it
needs to execute the next phase of its business plan.
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
TheDirectory.com, Inc.
Stop sign company The
Directory.com, Inc. (OTC:
SEEK) has not had a filing since December 22, 2016, nor a PR
since December 19, 2013, but that did not stop the stock from
trading up 100% on 800 million shares.
Have a look at Halitron, Inc.
(OTC
Pink: HAON)
Andiamo Corp.
Andiamo Corp. (OTC
Pink: ANDI) was recently the subject of a reverse acquisition
by Utopya Innovations who is promising to “take the world by storm”
by introducing inexpensive smart phones to emerging markets.
The stock was for the most part dormant until trading began on
Friday following news of the acquisition. Shares traded up
50% on 400 million in volume.
Santo Mining Corp.
Santo Mining Corp. (OTC:
SANP) Has not release press since its November 16, 2017
corporate update, however that didn’t stop the stock from running
650% over the last three trading sessions. Money flow and
candlesticks were bullish going into trading on Friday, however by
the close technical indicators pointed towards a downturn.
Buy on the rumor…
Have a look at Halitron, Inc.
(OTC
Pink: HAON)
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