Nice reply thank you. If there was such an arrangement, wouldn't it had to be disclosed in SEC filings before they went dark? Your schedule sounds correct but may have been accelerated by earnings increases so maybe we are further along than we think. I have not been following the air traffic updates so not sure of the significance of not updating the numbers. It seems they jettisoned the only viable asset of the shareholders and did not communicate it to us. Is this not a material change in the company which, dark or not, we should be made aware of? The people who have the patents now will do very with it, he is a very good salesman. I imagine a movement to get them to report would be our best shot here. There is a threshold needed to be crossed but that is quite an endeavor, but there is some interest in it. My understanding is if they are forced to become a reporting company, they have to go back and file since the day they went dark. That is an interesting item for all to ponder.
For 4 billion. What does this mean, if anything, to the holders of HRBR. If Wisconsin Air is a wholly owned subsidiary of HRBR, do we ever get to enjoy the profits of such subsidiary? Will the Airline ever be bought out, as today there is so much consolidation in every industry. Odds are Wisconsin Air is a very profitable airline and the owners are enjoying a nice tax break since they took over HRBR and are using our tax losses to their benefit only. When the investor came to HRBR, they SEC filings told us that we were being invested in by a "profitable entity". One could assume that the benefits would eventually wind up in the price of the stock. Well here we are almost 5years later and the stock is down over 50% from when they took over, The company as we know it has been disposed of in some way along with the employees with no benefit to the stockholders for those assets of the company. What exactly is HRBR except a way to shelter taxable income to the owners of the largest non public airline in the country. Was this the purpose since day one and if found to be so how do we go; as one other poster put it, quietly away in the night? Or not. My guess is that one day these guys will want to cash in their chips. What happens to the holders of this stock? Do we get left holding the bag? My belief is unless we do something we will have no chance of getting anything.
Good find! Either they changed the immunikas name or they opened another division. Looks like Peizer still believes that he can sell this story and bring it public eventually. It all stinks for us. Right now it looks like everyone made out on this deal except the shareholders.
Agreed. Wondering about the intention of the deal since day 1. Absolutely no communication with the shareholders leads to questioning of what the parties wanted to accomplish and for whom the benefits would go to. Quite obvious after nearly 5 years of using tax write offs, the companies greatest asset, that only one party has benefited. Also wonder if the board at the time truly knew the ultimate intentions of the "investor".
This does not have to be dead in the water. There are ways to get things done. I have been working on something for over a year now. Been in contact with a number of individuals who have experience with these situations and have been helpful. The stock is not registered any longer but that does not mean that one day they may have to be a reporting entity again. Will keep any shareholder up to date if they wish.
Read some of my posts over the last few years. Look at the SEC filings in the Summer of 2011. It's a great place to start investigating what exactly went down. If you have more specific questions, ask away. This transaction may have been done for tax purposes only which would not be a good thing for who is left holding the stock. Think about it, if it was worth $5.00, would it be bidding .04?
I really don't think you truly understand what transpired back in 2011 when Amun got involved with bringing a "profitable entity" to HRBR. If you did, you would not be concentrating your efforts towards the people you are. If you want to make money investing, follow what you see, not what you hope.
And what are you doing about it? Buy the hell out of it or do something positive other than posting on a message board under multiple aliases....