ProfitScout
16 years ago
Pinnacle Digest Considers Standard Holdings Group A Company Of Interest
Oct 21, 2008 (M2 PRESSWIRE via COMTEX) -- http://www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Standard Holdings Group Ltd., (PINKSHEETS: SNDH) announcing a contract in excess of $750,000 per year to supply Isopropyl Alcohol Prep Pads to a large Northeastern medical distributor, our team has launched their exclusive investor controlled forum. Our staff and members have requested that all Standard Holdings Group shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
Once a member of PinnacleDigest.com you will have access to all our Standard Holdings Group research. It is our goal to find viable opportunities for each one of our members.
Join PinnacleDigest.com to
Find out if Standard Holdings Group makes it as a Pinnacle Featured Company
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This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
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ProfitScout
18 years ago
SEC Abolishes a Grandfather, Narrows a Harbor
By Christopher Faille, Financial Correspondent
Wednesday, July 12, 2006
(See related story in REUTERS Headlines) WASHINGTON (HedgeWorld.com)—The Securities and Exchange Commission unanimously approved two proposals from the staff of its division of market regulation Wednesday [July 12]: an interpretive release regarding soft money and a proposal to amend Regulation SHO, its effort to reduce the frequency of fails-to-deliver (FTDs) arising from naked short sales.
The second item on the SEC's agenda Wednesday morning was the one more likely to stir passions: It was what Chairman Christopher Cox referred to as "the serious problem of abusive naked short sales." The SEC adopted Reg. SHO in 2004. Among other provisions, it required short sellers and their brokers to have reasonable grounds to believe that they'll be able to borrow the stock certificates and deliver them at settlement.
In the words of Harvey Pitt, who chaired the SEC from 2001 to 2003 and who wrote an opinion piece about Reg. SHO for Forbes Tuesday, "Many prime brokers … satisfy the requirement of reasonable grounds by assuming that, if large long positions reside somewhere in-house, they can borrow from those long positions without bothering to check if the shares are actually available for borrowing and without ascertaining if those same shares have already provided reasonable grounds to permit another short sale of the same security." This practice leads to over-shorting.
SHO also requires the closing out of FTD positions in certain securities, known as the "threshold" securities. But it exempts from that closeout requirement FTDs that existed before a stock joined the "threshold list"—this is the "grandfather clause." Another controversial provision of SHO authorizes naked short-selling by market makers. The proposed amendments will change Reg. SHO both by eliminating the grandfather clause, and by limiting the range of the market maker exception.
Mr. Colby told the SEC, "We think that this will work, and if it doesn't, from the point of view of the option market makers, they're not shy and they will tell us."
Commissioner Annette L. Nazareth, in support of these changes, said that "with the adoption of Reg. SHO the commission made clear that it would monitor the results of this rule," and she praised the staff for its "countless hours studying the data. … I believe those efforts are evident in the results today."
She also said, "When the public reads this release they will be very pleased to see the number of really thoughtful questions" that it has posed.
David Patch, promoter of an anti-naked shorting petition and the founder of a web site on the subject, said in an email exchange that the SEC's apparent willingness to retreat from its grandfather clause only confirms what he and others have maintained in the year and a half since it was first adopted: that the clause was ill-conceived in the first place, putting the interests of financial institutions ahead of "the investing public and the companies they have invested in."
Mr. Patch criticized the SEC for its continuing concern "that the Broker Dealers and Options traders would not be happy with the changes" and said that the commissioners rarely discuss "the decades of concerns the investing public has experienced."
Gary Weiss, author of Wall Street Versus America, a book that pillories the "pump and dump" crowd, has a very different take on the issue. He said Wednesday in a telephone interview that the SEC's action was both politically motivated and unhelpful for the investing public. "Regulation SHO in and of itself is just an utter waste of regulatory resources. If anything, the SEC should work to make it easier to short sell."
It has never been demonstrated to his satisfaction, Mr. Weiss said, that naked shorting is a significant problem.
Manuel Asensio, once a prominent and successful short seller himself, agreed with Mr. Weiss. "The SEC is a creaking machine, and the creaking has now at last gotten so loud it may finally inspire a popular reaction," he said.
Farewells and Soft Dollars
This was the final SEC meeting for one of the commissioners, Cynthia Glassman, who has been on board since January 2002, and who was the acting chair a year ago. The other commissioners each bid her farewell.
The sentiments of Roel C. Campos were representative in this respect. He said that Ms. Glassman "has challenged us all to rethink long-held assumptions" and that her presence [as an economist] has proven that "economists and lawyers can work together, and can sometimes agree."
Ms. Glassman also made light of her status as an economist amongst lawyers. She said, in connection with the "safe harbor rule" in the soft-money field, that its underlying purpose is to "protect money managers from liability for the violation of fiduciary obligations to their investors" when and if they pay higher brokerage commissions than they might have, given the market rate for execution services. After making that point, she paused and said, "I seem to be speaking in legalize. I must have drunken too much SEC water."
The new interpretation of the safe harbor, presented by the staff today after a period of comments on an older draft, limits the use of such paying-up arrangements. They may be used to pay for advice, analysis, and reports, whether from the brokerage in-house team or from a third party, and for other "reasonable" products and services. The guidance applies prospectively, beginning six months from the release, and where it conflicts with the prior guidance, issued in a 1986 release, the new release supersedes the old.
The fact that third-party research stands on a par with in-house research is one that both commissioners and the staff seemed eager to emphasize. "Do you sense that the industry is pretty clear that third-party research can definitely be provided for under soft dollars?" Mr. Campos asked Robert Colby. Mr. Colby, acting director, division of market regulation, replied, "Definitely."
Much of the discussion focused on the disclosure aspect of the softing issue. This release doesn't directly address disclosure, but both the SEC and its staff hopes that they'll soon be in a position to do so.
In a related development, Horizon Cash Management announced the results of a best-practices survey of 2,000 hedge fund managers July 12 Previous HedgeWorld Story, and the some of the survey's questions addressed softing. A quarter of the respondents reported some soft-dollar arrangements with the prime brokers and/or clearing firms. Most of those said they disclosed those practices to their investors, chiefly through the offering documents.
Half of the respondents said they have a soft-dollar policy in place.
CFaille@HedgeWorld. com
ProfitScout
18 years ago
Standard Holdings Posts Share Distribution Advisory to Brokerages
MCLEAN, VA, Jun 16, 2006 (MARKET WIRE via COMTEX) -- Standard Holdings Group Ltd., (PINKSHEETS: SNDH), at the request of Depository Trust & Clearing Corporation, parent of Depository Trust Company (DTC), is publishing the following advisory to the brokerage community:
On February 13, 2006, H-Quotient, Inc., distributed to its stockholders restricted shares of Standard Holdings Group Ltd., CUSIP 853471 100. Accordingly, DTC notified the brokerages and issued a temporary CUSIP 853471 993. As you know, DTC cannot hold restricted shares for its brokerage customers. Therefore, DTC provided the transfer agent, Continental Stock Transfer, with its customer list and the quantities of shares to be issued to its brokerage customers. Continental issued the shares with the correct CUSIP 853471 100. DTC's brokerage customers were obligated to terminate the temporary CUSIP 853471 993 upon receipt of the shares. However, many of the brokerages continue to show Standard Holdings Group Ltd. stock in customer accounts with the temporary CUSIP. Please note that such shares do not exist. DTC is not holding these shares for you. These are phantom shares, and YOU MUST IMMEDIATELY REPLACE THE PHANTOM SHARES WITH REAL SHARES. Failure to do this means that you have effectively created unauthorized, unregistered Standard Holdings securities.
"The Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some 2 million securities issues, effectively 'dematerializing' most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody."
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the Standard Holdings Group web site at http://www.standardholdingsgroup.com
Contact:
Standard Holdings Group Ltd.
703-821-3434
SOURCE: Standard Holdings Group Ltd.
Copyright 2006 Market Wire, All rights reserved.
ProfitScout
18 years ago
H-Quotient Agrees to Sell PhysicianQuotient to Healthnostics
VIENNA, VA, Jun 05, 2006 (MARKET WIRE via COMTEX) -- H-Quotient, Inc., (PINKSHEETS: HQNT) announced the agreement to sell its PhysicianQuotient family of electronic medical record (EMR) software products to Healthnostics, Inc., (PINKSHEETS: HNST) for stock and other consideration. Details will be forthcoming.
H-Quotient purchased the software over three years ago and then became embroiled in costly litigation over that purchase. The Company prevailed in that litigation, and has decided that Healthnostics is now best suited with its development, sales, and financial infrastructure to take the software to a broad market.
PhysicianQuotient is a comprehensive medical software system utilizing hand-held devices, web-enabled cell phones, and existing office PCs for front-office, patient encounters along with simplified coding to maximize appropriate reimbursements, EMR with storage capability for digital information, including images, electronic faxes, reports, and transcription sound files. The system includes on-line eligibility and authorization with electronic billing, and it is delivered either as a web-based service or as an in-house turnkey operation. The PhysicianQuotient system also provides key financial information, such as, accounts receivable, financial history, and billing. The system facilitates prompt insurance payment and helps prevent claim errors. The system also provides encounter-form tracking. The Appointment Scheduler includes waiting lists, appointment tracking, an EDI engine, monthly display calendar, extended comment fields, and multiple-resource searches and displays. Recall notices are generated to remind patients to schedule appointments.
HeartQuotient, SightQuotient, and CosmeticQuotient are specialty-enhanced versions of PhysicianQuotient.
HeartQuotient provides storage capability for any digital information, including images, dicom images, electronic faxes, reports, and transcription sound files plus in-depth support for pacemakers, ICDs (implant and follow-ups).
SightQuotient includes specific EMR such as lasik, YAG capsulotomy, cataract extraction, and pteryquim.
CosmeticQuotient provides cosmetic and reconstructive surgeons with a comprehensive web-based practice management system to help improve efficiencies, revenues, and the levels of patient care.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at http://www.hquotient.com.
Contact:
H-Quotient, Inc.
(703) 821-3434
SOURCE: H-Quotient, Inc.
Copyright 2006 Market Wire, All rights reserved.
ProfitScout
18 years ago
Significant development in relation to SNDH and the short-selling involved...
------------------------------------------------------
Pink Sheets CEO addresses issue of OTC & Pink Sheets short-selling
http://www.pinksheets.com/otcguide/issuers_shortsellingletter.jsp
"Short Interest Reporting in Pink Sheets Stocks
Begins July 3rd"
April 7, 2006 -- Changes to NASD short interest reporting rules will be effective July 3, 2006. These changes will expand the short interest reporting requirements to over-the-counter (OTC) equity securities, including those quoted on Pink Sheets. For additional information, see NASD Notice to Members 06-14 – April 2006.
http://www.pinksheets.com/about/pr_040706.jsp
Dear OTC Investor:
I am writing to alert you of a very important rule change that is needed to improve the OTC marketplace. I need your help to make regulators turn on the lights and protect investors from the menace of hidden short selling in the OTC market.
I think you'll agree that this issue deserves the small amount of your time it will take for you to tell the SEC what you think about this issue.
As Chairman & CEO of the Pink Sheets, I know perhaps better than anyone the importance of improving the Pink Sheets and OTCBB trading. And I know the devastating impact that small companies face when their market is tarnished by the threat of manipulation.
There is a crisis facing the OTC market today in the lack of short sale position reporting and disclosure for OTC issues. This lack of transparency regarding short selling in the OTC market allows fraudulent acts to go undiscovered and manipulative short sellers to hide.
I believe regulators should fix the problem. Small issuers traded on the Pink Sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on Exchanges or NASDAQ.
Therefore, Pink Sheets has petitioned the SEC to cause the amendment of NASD Rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities as well as report this information to the NASD for public dissemination of the short positions by security. The SEC's action is urgently needed to prevent fraudulent acts, expose market manipulation, promote fair principles of trade and protect investors.
Our full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-500.pdf and comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml
But I cannot make this important rule change happen without your help. Thus I'm asking you to write a letter today, and voice your support to the SEC for the Pink Sheets' Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination.
So please send your comments via Email to: rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com
Or, if it's more convenient, you can mail your comments to:
Jonathan G. Katz
Secretary, Securities Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
With a copy to:
Barbara Z. Sweeney
Senior Vice President and Corporate Secretary, NASD
1735 K Street, NW
Washington DC 20006-1500;
Either way, your Email or letter should refer to SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security.
I know I'm asking you to do a lot. But it's important that we make the OTC market transparent and fairly regulated. I think you'll agree that this issue deserves the small amount of your time to tell the SEC what you think about this issue.
Remember, the only way to succeed in achieving this rule change is through the public outcry of investors demanding the SEC make this needed improvement to the OTC markets, and there is no substitute for your personal voice in this debate. This important rule change is not going to happen if you remain silent.
So please, don't rely on others to get the job done. Write your Emails or letters today. Together, we must win this battle and convince the SEC not to treat the OTC secondary markets for small companies as second class citizens.
Without this rule change investors and securities regulators will be blind to any short selling activity in Pink Sheets and OTCBB stocks. The SEC needs to know that the lack of short sale information in your securities is unacceptable and demand they change NASD Rule 3360 immediately.
I'm asking for your help to improve this critical part of the securities market, so that companies like yours will be traded in transparent, efficient and well regulated OTC markets. Please do your part by writing your Email or letter today. Every voice counts in the debate, and yours could be the one that puts us over the top.
Thank you for your time and help in this fight.
Sincerely,
R. Cromwell Coulson
Chairman & CEO
P.S. We can only succeed in making these rule changes with your help. So please, take action today. And once again, thank you very much for your help.
Note: To comment to the SEC via Internet, use rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com
File No. 4-500. Request for rulemaking regarding member records of "short" positions and reporting and public dissemination of aggregate positions by security.
SEC Public Petition page: http://sec.gov/rules/petitions.shtml
Pink Sheets request is available at: http://sec.gov/rules/petitions/petn4-500.pdf
Comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml
ProfitScout
18 years ago
H-Quotient Announces Distribution Details
VIENNA, VA, Feb 22, 2006 (MARKET WIRE via COMTEX) -- H-Quotient, Inc., ( HQNT ) has completed distribution of one share of Standard Holdings Group Ltd. (SNDH) for every two shares of H-Quotient, Inc., for stockholders of record as of December 30, 2005. The SNDH shares are restricted for two years or until a registration is filed and accepted.
Advisory: Because the SNDH shares are restricted, they can only be delivered in certificate form. They cannot be delivered electronically. Some brokerage firms anticipated delivery and accordingly displayed this in their customer accounts. However, the only way for H-Quotient stockholders to be certain that they have received the SNDH shares is to demand physical delivery of the SNDH certificates from the broker. The broker must deliver your shares to you. Statements such as, "The shares are restricted and not deliverable," are incorrect. In fact, brokers who have shorted the stock do not have enough shares to distribute, which is why such brokers employ various machinations to avoid making delivery.
Note: On April 27, 2005, H-Quotient, Inc., announced that it "paid a cash dividend of $.55 in the form of one share of Standard Holdings Group Ltd. (SNDH) stock for every 10 shares of H-Quotient stock. The value was established by H-Quotient's auditors based upon the price of Standard Holdings Group Ltd. at the time the dividend was announced, February 17, 2005. Therefore, the Standard Holdings shares paid as dividends are being treated as $.55 for tax purposes." The Company has been informed that some brokerage firms distributed 1099 forms indicating a higher basis price. They are incorrect, and shareholders should refer them to this notice and the Company's transfer agent, Continental Stock Transfer and Trust Co. at (212) 509-4000.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at http://www.hquotient.com and the Standard Holdings Group web site at http://www.standardholdingsgroup.com
Contact:
H-Quotient, Inc.
(703) 821-3434
SOURCE: H-Quotient, Inc.
Copyright 2006 Market Wire, All rights reserved.
Resectorman
19 years ago
The plain facts are:
To All: IMO, First I need to get a couple of terms defined for the purpose of this post.
Term # 1 - "Primary Plaintiffs" = Dr. Rao
Term # 2 - "Remaining Plaintiffs" = All other plaintiffs except for Dr. Rao
385 K is currently owed to H-Quotient by Dr Rao.
359K is may be owed to the Remaining Plaintiffs by H-Quotient. Motions and appeals can still be made concerning this award.
The difference between the 385K that H-Quotient has been awarded and the 359K that Remaining Plaintiffs may be awarded is 26K in favor of H-Quotient.
There is an additional 400K up for grabs in punitive damages by the Remaining Plaintiffs, however IMO, if H-Quotient prevails against Dr Rao concerning the 359K, then the opportunity for the Remaining Plaintiffs to be awarded any damages then disappears.
July 29th is the hearing date and a decision will come sometime after this date.
IMO, I liken this to a hurricane that is now dwindling down to light shower.
IMO, No matter which way this goes, H-Quotient will not suffer any significant material injury.
____________________________________________
/////////////////////////////////////////////////////////////////////////////
This is a combination of several great posts, posted on the IHUB board.
Sonyboy: Well, I've got to give you credit. You're good at what you do. And what is it you do again? Hmmmmm. Spend countless hours researching, compiling, posting. Warning unsuspecting shareholders. A friend of the little man. Do you help little old ladies across the street and help your neighbors take the garbage out too? What a fine man. But, there's a difference between you and me. Whenever I've sold a stock, I've moved on. I didn't post on the stock any more...that is unless I was short. Then the compulsion to share all my bad feelings were just too overwhelming. And, I imagine, the compulsion becomes a mind deafening roar the bigger the short position. I suppose I'd post 24/7 if the short position was big enough. My own research suggests that you're position is truly big enough. And, you've done well for yourself and your bosses. Started shorting back in April of 2004...I think April 7th probably. That was the day the stock crashed. Interesting that was the day the Rao suit was filed. But no else knew about that but you. Hqnt wasn't notified till ten days later. You didn't trade on insider information did you? So now we play chicken. You're going to try and drive the price to zero. Let's see who covers first.
On your points:
1) Have you spoken to Jack Anderson? Has anyone you know talked to him? No. He's on his deathbed. Doug and Jack were friends for 18 years and partners for 5. Jack's family hasn't allowed anyone to contact him. There's no proof he even said it. Or, if so, what the context was. So, this point is irrelevant. But, it makes such good copy to keep bringing it up, doesn't it?
2) The answer to point #2 is simple. We've never had our day in court. Attorneys messed things up initially and there has never been another hearing date given. But, you knew that already.
3) Interesting viewpoint. The Jury gives a bigger award and you assume it's because they felt Doug was..how did you put it..."Such a sleazeball"...sounds like a dispassionate statement. You can't prove that...but it makes a great headline huh? Yes, you're good at what you do.
4) The trade credits exist. They from to a company called Oncorp (sp?). The 10,000 sq ft building may have fallen through. So what?
5) Speaking of trade credits, you made a little freudian slip there Timothy...you mentioned that no one have been able to refute YOU'RE evidence. You must mean the "Evidence" you posted on Our-street. Say, how is the lawsuit with the SEC, HQnt, the company in Colorado and the company in Illinois going? Wow, 4 major lawsuits with lawyers representing you in 4 different venues. That must get expensive, huh? Tough on a guy unemployed in Slovenia. Say, who's paying those legal bills again?
6) Yes, in April and May the financials were promised. That was just before the Rao suit was filed. And you know how agressive the Rao's attorneys were. Forensic auditors. Papering Hqnt to death with discovery questions. Dominating Hqnt management and it's auditors with request after request. Given the acquisition of Stewart and Shaw and the excessive burden of discovery heaped upon hqnt, it's not at all surprising that the financials have been delayed.
And, btw, my boss would understand the delays under the circumstances.
7) Musky Don praised the software which proved to be flawed. Hqnt's own tech guy had to fix it to the tune of about $385,000. Ok, so we didn't use Musky Don to help fix the software. He may have lost money in hqnt. So, no one else can invest here now?
8) James Connors was paid about $83,000 in legal fees for representing hqnt. Now he wants more. It's not going to be settled on the internet and you know it. They'll just have to work that out. What does that have to do with anything? Oh yeah, I forgot...makes a good headline. Keeps up the selling pressure. BTW, I heard Doug doesn't drink. Can we come up with something juicy on that? Like, he a recovering alcoholic? Hmmmm, wanted for public drunkeness in Utah? Work on it, I know you'll come up with a good one.
9) Doug IS a nationally syndicated writer. His works still appear in various respected journals. And he does respect the first amendment...just not yelling fire in a movie theater. That is criminal behavoir. There's a difference. But, you know that already.
10) Hqnt bought Intelliservices. They bought the stock from the Intel. shareholders under a contract that they warranted the disclosures to be true and accurate. The $385,000 judgement against Rao proves he made false statements. When the problems with the software came to light, giving it back was an option which was considered. But, who says they had any money left or that they wanted it back? They'd just passed off a bill of goods. They were happy. Cohn went about fixing the software at considerable time and expense. They would have benefitted by Hqnt ultimate success...but they wanted $12 MM instead. Hey, it's a free country, you can sue anybody for any amount. And, btw, thanks for the free legal advice about how Cohn should have handled this. I'm sure he or his attorneys never thought about the course you recommended...damn! Well, if you'll give us your name and phone number we'll be sure to call you first next time.
So, all you shorts out there, get ready for a punishing blow when the financial statements finally reveal what good things have been happening way, way off radar.
_____________________________
There is only one reason that these posters have posted 24/7 since april 2004, and that is to drive the price of the stock down, period. Any reasonable person can see that. There is a massive short position. They will need to cover soon.
___________________________
Sec10: Now who's being naive? Quoting you: legitimate companies don't have things happening off the radar. That's the mark of a scam. Legitimate companies disclose.
Oh really? When IBM is exploring buying a company do they disclose? When companies are in talks to merge, sell, buy, invest, expand, develop...do they disclose? Sure, when it is in the shareholders interests to do so and not before.
____________________________________________
/////////////////////////////////////////////////////////////////////////////
HQNT/SNDH is still an upside explosive situation! (update)
______________________________________
Marc Nathan is going to be the head of a subsidiary
On June 8th H-Quotient reported that it is creating a subsidiary that will include all of the Company's software products: PyysicianQuotient, DentalQuotient and LabQuotient. The CEO of the new company will be Marc H. Nathan. Mr. Nathan is the CEO of a private equity investment firm, Bulldog Financial, Inc., a director of US HeartScan, Inc., and a consultant to other public and private technology companies. Bulldog Financial is a large shareholder in HQNT.
Please read the complete news release at the end of this writing.
_______________________________________
H-Quotient is selling at a 2 year low; is extremely undervalued; selling for less than .40 a share; has less then 40 million shares outstanding; has an Earning Per Share of at least .13 for 2003 (and likely more for 2004); is debt free; is ever expanding; is a profitable company; pays dividends nearly every quarter; and the CEO takes no salary. The CEO not only takes no salary, but is also the largest single shareholder. The CEO Douglas A. Cohn has sold NONE of his shares even when the price was over $2. Doug will be the greatest beneficiary by getting the stock price back up where it belongs.
________________________________
Other indicators of a looming increase in PPS: There is the 24/7 non-stop bashing efforts on the public message boards. The content of the bashers' posts is only noise and misinformation but the fact that they are afraid to leave HQNT unbashed for even a single day (or a single hour on most days) demonstrates how much the shorts still fear another strong run-up as happened last year. And now they have SNDH to worry about too. If HQNT was as bad off as they try to pretend, they would never expend as much time and energy as they do trying to chase investors away from it.
_________________________________
Regarding Questionable PRs and Financials
PR disclaimers are just that, disclaimers! All PRs include the following disclaimer for a good reason!
"This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated."
Bashers have tried to make a lot of hay out of some HQNT PRs that in retrospect have been less than accurate, when in fact they are making much to do about nothing. However, I don't believe that Doug lied about anything or knowingly made any misstatements. I believe that the one absolute is that everything Doug does is for the benefit of the stockholders, a fact that I believe will become apparent as events unfold.
I believe that the questionable PRs truthfully reflected management's current views and assumptions at the time the PRs were written. I'm convinced that Management's views and certain assumptions, that were believed to be true when the PRs were released, changed after the PR was released. I believe that it was subsequent to the release of the questionable PRs, and in the course of conducting normal legitimate business, that Management decisions were made for the good of the shareholder and the Company that caused the problem with the PR's. Some of these decisions retroactively altered the accuracy of the already released PR's. It is only in hind sight that it became apparent that some PRs misstated the situation.
Business is a fluid thing, sometimes changing minute to minute. I'm sure that Doug believed that every thing he said was true when he said it. I also believe that the welfare of the Company made it necessary for Management to make decisions which created results that differed materially from the assumptions that were anticipated when the PRs were released.
This is why there is a disclaimer on all PRs. It is to protect the Company and the shareholder. The declaimer protects the Company from legal action when honest misstatements are made in PRs and it protects the shareholder by letting the shareholder know that the information contained in the PR isn't chiseled in stone.
I see no credible indication of deception or pattern of criminality here. What I see is Management conducting normal business.
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Anyone can view fully audited reports for 1999 thru 2002 by visiting the Investor Relation section on the HQNT Company website. We all hope to see all overdue profitable financials in the near future.
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I think that the HQNT/SNDH shorts have a big Margin Call in there near future.
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LINKS:
Link to HQNT: http://www.hquotient.com/
Link to SNDH: http://www.standardholdingsgroup.com/default.html
Link to Web Pack International: http://www.web-pack.com/
Links for Information on short selling and naked short selling:
http://www.investorshub.com/boards/board.asp?board_id=3319
http://www.suite101.com/discussion.cfm/investing/106539/14-23
Links to Earnings:
http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Oct_18/ai_n6239660
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H-Quotient Announces Software Subsidiary and Management
Wednesday, June 08, 2005 08:58 ET
VIENNA, VA, Jun 08, 2005 (MARKET WIRE via COMTEX) --H-Quotient, Inc. (OTC: HQNT) announced that it is creating a subsidiary that will include all of the Company's software products: PhysicianQuotient, DentalQuotient and LabQuotient. The CEO of the new company will be Marc H. Nathan, and its offices will be in Houston, Texas.
These structural and management changes are expected to provide an important focus on the software products and the necessary energy to drive that business to the next level.
Thomas Hewitt will continue as Chief of Technology for the new company from his offices in Charlotte, N.C. He has a degree in computer science and 22 years experience in technology systems that include the development of advanced medical software systems, an automated securities system, and a fixed income securities trading system. He also serves as a vice president and the derivative trading system architect at a major bank.
Mr. Nathan is the CEO of a private equity investment firm, Bulldog Financial, Inc., a director of US HeartScan, Inc., and a consultant to other public and private technology companies. He was a judge at the 2005 Rice University Business Plan Competition, a speaker at the Software Technology Conference SXSW Interactive, and a contributing columnist to O'Reilly's MAKE Magazine. Nathan is a member of Rice University Technology and Entrepreneurs Alliance, Houston Angel Network, Houston Technology Center, Texchange, and Houston Inventors Association. He is a graduate of the University of Texas.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient Web site at www.hquotient.com.
Contact:
H-Quotient, Inc.
Ashley Bell
703-752-0690
Marc Nathan
713-960-9900
SOURCE: H-Quotient, Inc.
Copyright 2005 Market Wire, All rights reserved.
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Earnings Business Wire, Oct 18, 2004
VIENNA, Va. -- H-Quotient, Inc., (HQNT) previously announced preliminary unaudited earnings and sales for the year ending December 31, 2003. The Company's acquisition of Stewart & Shaw, which began in 2003 and was finalized on May 4, delayed the completion of audited and subsequent earnings releases. The accounting issues relating to the acquisition of this Canadian medical manufacturing business are now resolved.
Preliminary unaudited revenues for the year ended December 31, 2003, increased to $3,016,361 compared to $2,677,315 for the year ended December 31, 2002. Including other income, revenues for the 12 month period increased to $4,104,565 compared to $2,396,253 for the 12 months ended December 31, 2002. Operating expenses for the 12 month period, decreased to $476,085 compared to $1,131,326 for the 12 months ended December 31, 2002. Net income was $3,628,480 or $.13 per share for the 12 month period ending December 31, 2003, compared to $1,264,927 or $.04 for the same period in 2002.
http://www.findarticles.com/p/search?qt=hqnt&tb=art&qf=free
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