Hank is a diversified Banking as a Service Platform serving U.S. and Canadian markets. We focus on technology that modernizes payments and cash/budget management for consumers and enterprises.

Bullboard - Investor Discussion Forum Hank Payments Corp. V.HANK

Alternate Symbol(s): HNKPF

Hank Payments Corp is an emerging North American leader in the Banking-as-a-Service (BaaS) market. The Hank platform modernizes budgets and payments for enterprises and consumers, and automates tedious functions that result in time and economic savings for platform users. The Hank technology stack provides vertical market applications, with features specific to channels and enterprise accounts... see more

TSXV:HANK - Post Discussion

Hank Payments Corp. > RE:Who is the the PRIVATE buyer at .10 cents - Hank Payments

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Post by tinkvid on May 18, 2023 10:04am

RE:Who is the the PRIVATE buyer at .10 cents - Hank Payments

Here is my speculation on this...

The price that Uptempo paid for the Hank shares still isnt clear to me but I believe it is in the range of .80-1.00. My guess is that they took part in those 2 Debenture Financings Aug 29, 2022 and March 10, 2023. to effectively average down their ACB.....(question is do they have to file early warning if the participated in the debenture financing or do they have to file an early warning once those debentures are converted to shares?)
Mike Hilmer and Jason Ewart are principles in Uptempo Inc and still have large holdings in Hank Payments with Hilmer continuing to add in the open market.
Financials for a micro stock are better than alot of small cap & Mid cap issuers and the share structure is far less diluted at this point.

Also....who owns the 3,142,500 warrants that were repriced from $1.00 to .075 cents? https://www.stockwatch.com/News/Item/Z-C!HANK-3397712/C/HANK Those were issued on Oct 18, 2021 about the same time Uptempo acquired their shares in Hank Payments.
https://finance.yahoo.com/news/uptempo-inc-announces-acquisition-shares-211600524.html

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Good question !

But a better question is why is Uptempo selling ? and guess who is the CEO of Uptempo ? None other than Mike Hilmer, the CEO of Hank. So why is the CEO of Hank selling if things are so rosy at the company ????

Prof

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