The ST loans are getting paid off. Per the blog, "TCA will have been reduced by $50k, National Bank of California by $50k, and five smaller debt holders have been reduced through payments and negotiated settlements by an additional $226,250. The total debts carried on the balance sheet will show a reduction of $326,250. Each of these transactions would have been far less painful had the PPS for HHSE been stronger than it is today - but with the company's delays in refiling of the Form 10 - and management time being demanded for new release duties - the PPS has suffered and the timing of these transactions has been horrible.
AS OF THESE CONVERSION TRANSACTIONS - THERE EXISTS ONLY ONE MORE AGING NOTE (which is for a modest sum of $25,000 and which HHSE plans to pay off in cash before it's maturation in October). As for the remaining balance due to TCA ($156,000), HHSE is working to create a mechanism for the accelleration of receivables from NETFLIX licenses - in order to pay off TCA in CASH rather than carrying the painful burden of them forcing a share conversion."
I'll buy more too if it drops much under 1 penny per share. I plan to just sit on it for at least a year.
Sentiment: Strong Buy
Can't answer for you. I bought into it because falconstocks had recommended it. When it went up over $2, falconstocks gave it another stellar recommendation for the long term. Then, it plummeted. I'm just going to hold for the longer term.
Agreed. I'm tempted to buy in heavily, but am cautious because I recognize the risks. I wish more info were available (i.e. audited financials) other than info directly from the company.
Excuse me? Since when does posting simple questions make me a "paid basher"? BS statements like that make me believe you're just a paid pumper. I own a few thousand shares of NTEK, but proceed with caution as I've been burned before.
Now, what exactly is your own relation to NTEK?