Special Situations
2年前
As far as I understood, Harris Exploration, Inc. wants to become something like a holding company. Their company reports contain information on sectors and industries they are going to invest their money in. Those are water, food, power generation, minerals, and energy.
However, for a company which has 500 million dollars, it is quite strange to have a reporting status as “Alternative Reporting Standard – Pink Limited Information”. A company of this kind should submit their reports to the SEC. Or at least they should have a reporting status as “Alternative Reporting Standard – Pink Current Information”. If the company is going to work for the interests of all their shareholders, but not for those of the top managers only, they should have regular audited reports representing accurate information on the financial condition of the company, on the Share Structure, etc. Besides, we would like to know on what conditions the company received their 500 million dollars. That means we need more up-to-date and reliable information.
P.S.: The situation about this company is quite interesting, but the risks are big as well! IMO
Disclosure: I own this company’s shares purchased from the open market!
Thugmuffin
3年前
$HXPN HXPN, Inc. announces Closing of Majority Interest Investment in Sheppard Pool Energy, LLC; execution and funding of OPUS AMDG, Inc Service AgreementPress Release | 04/18/2022
DALLAS, Texas, April 18, 2022 (GLOBE NEWSWIRE) -- HXPN, Inc. (“HXPN” or “the Company”) (OTCPINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has completed its due diligence and executed closing documents with regard to its investment in Sheppard Pool Energy, LLC (SPE), the Oklahoma-based oil and gas exploration company in whom HXPN has acquired a 75% equity interest. HXPN will provide capital to execute SPE’s business plan, which is focused on oil and gas exploration, exploitation and production in the historically prolific shallow conventional horizons of northeastern Oklahoma. SPE owns leasehold interests of just over 4,900 acres in northeastern Oklahoma. SPE has identified, via electric log evaluation, a minimum of fifteen re-completion opportunities in previously drilled but uncompleted “behind pipe” pay sands within its existing leasehold and expects to begin to re-enter the wells within the next several weeks. In addition to these re-completion projects, SPE has identified multiple new drilling locations on its leasehold. The Company expects to report early results of the first re-entry efforts in mid second quarter, 2022.
The Company is also pleased to announce that has completed its due diligence of OPUS AMDG, Inc., (“OPUS”) and has executed and funded the OPUS Service Agreement. The Company has engaged OPUS to assist and support the Company in the issuance of a Senior Secured Note in the amount of $500,000,000.00. The Company expects to complete the compliance process within the next thirty days and expects to realize note proceeds by the end of the second quarter, 2022. The Company will use the proceeds to make capital investments across its areas of focus.
About HXPN, Inc.
Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions for the future. Such forward-looking statements include, among other things,?the ongoing effect(s) of domestic and world economic conditions and any related impact(s) on the potential business development and future interest in our technology and resources investments.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, and other domestic and world events. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
HXPN, Inc is currently a non-reporting OTC-quoted “Pink Limited Information” company, and has achieved compliance with recently-amended SEC Rule 15c2-11, which requires that “companies make current information publicly available to maintain a market.” Investors should consult all information set forth herein and on the Company’s website for the latest available information.
CONTACT:
HXPN, Inc.
Stephen L. Bailey, President
2911 Turtle Creek Boulevard, Suite 300
Dallas, TX 75219
(833) 250-6645
Investors & Analysts Contact:
HXPN Investor Relations
(833) 250-6645
ir@hxpninc.com
Helter Skelter
3年前
$HXPN +75% @ $0.062 on $500 million NEWS >> HXPN, Inc. Announces Commitment to Raise $500 Million of Debt Capital
DALLAS, Texas, Sept. 27, 2021 (GLOBE NEWSWIRE) -- HXPN, Inc. (OTCPINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has received a letter of commitment from OPUS AMDG, Inc. (OPUS) to raise $500 million of debt capital through a Global Note to be issued by OPUS. The Company will use the funds for the acquisition of multiple equity investments. The commitment by OPUS is subject to the execution of the OPUS Service Agreement, which HXPN is currently evaluating and expects to execute within the next ten days. The parties currently expect for the capital raise to be complete and fully funded by December 31, 2021, subject to OPUS’ due diligence regarding HXPN and its planned investments.
“We are very excited to have this major hurdle cleared in finding the right partner to assist HXPN with its capital needs,” said Steve Bailey, President and CEO of HXPN. “OPUS understands what we are doing and they see the value associated with our investment plans. Additionally, OPUS has the right partners in place to make this process as seamless as possible, including assistance in the sourcing of bridge funding that will allow our projects to start immediately. OPUS is a one-stop shop, and we like that,” added Bailey.
“We look forward to working with HXPN management to close this first funding round for the Company,” said Guy Tullio, President and Managing Director of OPUS. “The HXPN team has helped to make this capital raise of value not only to HXPN, but also to the clients of OPUS. This is a “partnership” in the truest sense of the word,” continued Tullio.
Other HXPN News:
HXPN recently terminated its Letter of Intent with H20EMC2 (H20), a company that HXPN had planned to acquire and fund in the production of an Atmospheric Water Generator product line. In an email to HXPN CEO Steve Bailey, H20 CEO Brian Rybloom stated “We have grown uncomfortable with our current structure of selling 100% ownership to HXPN. For H2O to be comfortable moving forward with HXPN we are only willing to sell 25% of our company for the same investment amount to HXPN.” “Rather than re-trade the deal and, more importantly, seeing this development as a sign of potential problems that might arise in working with the H20 principals, HXPN chose to cut ties with H20,” said Steve Bailey, HXPN CEO.
About HXPN, Inc.
Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world.
https://www.otcmarkets.com/stock/HXPN/news/HXPN-Inc-Announces-Commitment-to-Raise-500-Million-of-Debt-Capital?id=322469
horst
5年前
....and all it needs to go up, by the way, is for the asks to be higher than the last closing price. most sellers are gone, but nobody wants to buy this and have their purchase put the stock in the red. They will buy if their purchase makes the stock green on the day. So 06 and 07 guys, if you don't mind, just make those asks a bit higher and they'll get filled--more money for you, stock price goes up, win-win. This can stair-step indefinitely if traders are smart.
horst
5年前
Just for a lotto ticket I picked up a bunch of 04s and 05s here. There was one heavy volume dump day, probably from long-term holders who thought that might have been their last chance to exit with anything, combined with stop losses that were triggered. But a whole lot more volume than that traded between 12 and 34 over the last 2 months, which means a lot of people want this to go back up. One big-volume day with savvy patient traders and this could rocket and be a hot stock again. Or maybe not, but there seems to be a low-volume cup and handle forming, and all the sellers interested in dumping 04s are long gone. I don't know a thing about the company or whether it might come up with a filing, but if there was ever incentive to get active and start getting current, it's all the recent interest in the stock. A lot of folks have been saying less than kind things about a particular trader who was providing DD here, but I've made some money from his tips before, and this could certainly pop again. GLTA
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