RE:RE:RE:RE:RE:RE:RE:The close
gasious wrote: DKII Thanks for taking the time to explain your attitude towards HS. I share your thoughts and also picked up a bit more yesterday. Although not my biggest position, HS is significant, particularly as even a 1 cent change has a real effect on my asset total. As you say, this is a real company and should grow nicely, although not perhaps explosively, barring the odd major contract. Presumably like you, I would love to see the "major" contract that has been dangled in front of us for the last 2 months but appreciate that the bigger the potential the longer the time-frame.
After having a conversation with Ali I have to say that I was completely wrong about a CEO. They are not waiting to appoint CEO but ather they simply have no intentions of appointing a CEO.
But the reasoning we share as to WHY there is no CEO is sound and now confirmed by management. They have everything exactly as they want and they don't want to risk messing with a government contracted system that works by appointing an arbitrary CEO.
I've seen some people make fun of the relatively small amounts of money ($236,000 USD) that these new contracts are bringing but number one... that is only a fraction of HS revenue and number two.. if you've looked at the financials, HS not only maintains EVERY SINGLE GOVERNMENT CONTRACT IT'S EVER HAD, they also continue to sign NEW GOVERNMENT CONTRACTS.
When the governments finally get around to implement blockchain into their flawed and needlessly costly book/record keeping, they will be using companies they already know and trust (provided those companies are able to support the new changes, which HS is currently focused on doing).
Anyone calling this "fluff" is obviously not informed. They have made a promise to announce all new contracts and did so today. There was no fan-fare. There wasn't even the preface "the company is pleased to announce...". Just a matter of fact news release that missed a lot of people's radar. No one claimed this was "BIG NEWS" so anyone sarcastically poking fun at this release is simply trolling and should be ignored. While you're at it... ignore me. Email the company and ask your own questions to come to your own conclusions.
Yes HS is boring. No, they don't hype blockchain or use promotional companies to pump the stock because they already have opperating capital with no plans to raise more. And that is EXACTLY the type of company the government like to work with. It's also the qualities I look for as a value investor.
Lastly, I was assured there is more news to come in January regarding more contracts as well as blockchain news "in the coming months" when the news is solid.. and was assured there won't be a peep about blockchain from management before whatever news they have is SOLID.
Cheers and good luck.