Watch for the Upcoming NewsFirst thing I will give credit to TheRevenant for calling option 3. I do feel like a tool for thinking that a company was able to file its annual in time…lol. I also agree with TheRevenant that new management is needed. Current CEO is obviously Juggling to many balls.
The good thing about this is that they invested all their money in new product development and the current accounting procedures are ongoing. I did ask Brooks, the CEO last week about his expectations on Q4 results and here was is reply;
October 25, 2017
“ Hey ****, Cant say much going into financials as you know, but stay tuned for relevant news releases over the next few weeks. After we announce, I can answer more questions. ”
Brooks,
This delayed in filling, however annoying it may be, is not uncommon for companies. In 2016 I was a shareholder of AMY (American Manganese Inc) and on July 7th, 2016 the company was halted because of the same reasons as Hit Technologies Inc. At the time the stock price was 0.04 cents. The company was even downgraded from a T2 to the NEX. All hope was gone…The company was reinstated on July 29th, 2016 after properly filling the Q3 statements. Then on August 4th they announced awesome news on their patented product. The stock shot up to 26 cents and went as high as 38 cents. Current trading price is 20 cents. I made a mint on this one and I believe that HIT will follow the same pattern. I’m holding strong.
This is only “Candy Speculations” but perhaps we have a takeover or buyout brewing? I’m sure Brooks was advised by Crowd and Company that they have an awesome product, and best to place it in the hands of a deep pocket company. The patented tech alone is worth more than 10 cents a share.
Many things will unfold in the next 3 weeks. For some of us, financially game changing.