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Heckmann Corporation Message Board

skrutt24 2 posts  |  Last Activity: Jan 25, 2016 5:22 AM Member since: Jan 9, 2013
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  • Reply to

    Reverse split

    by eskine212 Jan 24, 2016 8:49 AM
    skrutt24 skrutt24 Jan 25, 2016 5:22 AM Flag

    My guess is 3rd or 4th qtr. If they get some HM sales under their belt and raise the price to .10 or so I see them doing it then.

  • skrutt24 skrutt24 Nov 15, 2015 8:25 AM Flag

    Major dilution converting debt into shares. Everyone involved in this deal is an existing player and not new interests that I can see. The stage one purchase creates a majority shareholder in Golden Properties, thereby solidifying the stage two process of increasing the amount of shares available up to 800mil for the conversion to take place. This wipes the debt clean and gives the company some more time to bring their new products to market. Stage one provides some new capitol for further R&D and equipment testing. It appears there is still much happening in the form of pilot testing and letters of intent but not much else communicated. I wouldn't view this as a positive so much as I would view it as a means to survive a little longer. Assuming this action buys them the time they need, I would expect to see a 1 for 10 reverse split coming sometime in 2016. The acceptance of the new Industrial applications will make or break this company IMO. A business update is expected in lieu of a conference call 11/16/15 which may offer more information.