In May 2011 the US Dept. of Justice reduced the fine levied the previous month after the company pleaded guilty to price fixing in the Puerto Rico market from USD 45m to USD 15m. The reduction was attributed to pressure from bondholders and the possibility that Horizon would declare bankruptcy after losing a contract with Danish shipping group Maersk Line. In October 2011, the company completed a USD 653m refinancing move to avoid bankruptcy. On October 20, 2011 the New York Stock Exchange suspended trading of Horizon’s stock because it had fallen below its USD 15m continued listing standard for average global market capitalization over a consecutive 30-day trading period. The company stock currently trades on the OTCQB market. In November 2011, the company agreed to settle with the remaining shippers who opted out of the "Puerto Rico direct purchaser antitrust class action settlement" for USD $13.75m  28 January 2012, the company reached an agreement with the U.S. Department of Justice to plead guilty to two counts of providing falsified oil record-keeping docments from a vessel in the US West Coast-Hawaii service. The company paid a fine of $1.0 million and donated an additional $500,000 to the National Fish & Wildlife Foundation. The company agreed to be placed on probation for three years and institute an environmental compliance plan.
press release on earnings this friday, no cc-- so what will be the news? this HRZL keeps going down
in the past when this stuff happens it sometime means bankruptcy. trailerbridge went bankrupt why not horizon lines?
this would be value at about 3 cents per share something is not right with 4quater earnings the debt holders
are going to steal this company from the stock holders
not going back to $3.90 on its way to $5 buy it back now no debt over a billion in cash and cutting costs no where to go but up plus new games to come
Thats Apollo for you! they got all of their investment out of noranda already so they can let this company go bankrupt and pick up the pieces at a discount or bring the price down on the stock and buy big with other entities they control through the grapevine and hold for the long term rebound, maybe
that can be bought by millions of homeowners that us natural gas or propane or oil to heat their homes
and a capstone generator could make all the electric a home would need and an sell the extra electric tp to the power co. who sell it city slickers then it may be more apple but they are sure slow to build sales it is taken forever they should sell the company to larger company that can put money into and the units out there
before the next ice age
those newsletter people are selling now this stock may go below 5 cents, when it does it may be a buy oppertunity then hold for tne next pump then unload.. this company does have sales and it's a real business-- there may be a future ---is worth the risk to get 100000 shares at $5000 and holdfor for a year ? any thoughts?
heartland can't sell no buyers yet unless hh does buy back heartland is not stupid now, maybe years ago, but now they have to hold.