posted
Any one heard of this one? I just found it. I admit to being a noobie, but looks like free money to me?? Whats the catch?? HE-5 Resources, Corp. (Other OTC:HRRP.PK - News), today announced that during a Special Meeting of the Board of Directors the Company approved a 5 for 1 forward split of the Company's common stock.HE-5 has provided notice to the NASDAQ Stock Market of the stock split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
Posts: 29 | From: West Virginia | Registered: May 2006
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posted
5:1 forward split, current price divided by 5 can't fall too far and should climb before split??
Posts: 29 | From: West Virginia | Registered: May 2006
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posted
NICE CLOSE. UP A COUPLE OF % PER DAY IS NICE SO FAR. SHOULD GET BETTER CLOSER TO SPLIT FRIDAY??
Posts: 29 | From: West Virginia | Registered: May 2006
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posted
Forward Split set to June 2nd now...news out.
HE-5 Resources, Corp. Announces Details of Forward Split Preliminary Cash Flow Projection for Overman Project Posted on Website
NEW YORK, NY -- (MARKET WIRE) -- 05/30/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP) today announced that it has submitted the Transfer Agent Verification Form to the NASDAQ Stock Market regarding the Forward Split of the Company's common stock. As per the Form, the Record Date of the 5:1 Forward Split is June 2, 2006 and the Pay Date is June 8, 2006. In other words, stockholders of record on June 2, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 8, 2006, at which time the additional shares in certificate form will be mailed directly to shareholders without action on their part. It is important to note that HE-5 shareholders of record on June 2, 2006 will receive 4 additional free-trading common shares for each share that they own, which provides them with a total of 5 shares.
HE-5 also announced that the Preliminary Cash Flow Projection for the Overman Property Project has been posted on the Corporate website at: http://www.he-5resourcescorp.com/preliminarycashflowprojection.pdf. The Cash Flow Projection is based on production-related income and costs from the Overman Project over a twelve-month period commencing in October 2006. Key figures from the Cash Flow Projection for a twelve-month period (i.e. October 2006 to September 2007) are: (1) Production Income: $14,245,875; (2) Production Operating Cost: $5,123,250; and (3) Net Production Income: $9,122,625. Based on these figures, the projected net profit margin related to production at the Overman Property is approximately 64%.
As reflected in the Cash Flow Projection, HE-5 is pleased to report that it is one month ahead of schedule with respect to the Overman Project and now expects production to commence this October rather than the original projected start date of November. Shareholders may view new digital photos of the Overman Property at the bottom of the following page on the Corporate website: http://www.he-5resourcescorp.com/overman.html.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
WHAT A CRAZY DAY WITH THIS STOCK DOWN 30% TODAY CHEAP!!
Notice of Operations for Overman Project Posted on Website
NEW YORK, NY -- (MARKET WIRE) -- 06/02/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP), today announced that it has extended the Record Date of the 5:1 Forward Split and provided notice of the new date to the NASDAQ Stock Market. Stockholders of record on June 9, 2006, rather than June 2, will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 15, 2006, at which time the additional shares in certificate form will be mailed directly to shareholders without action on their part.
HE-5 also announced that the Notice of Operations for the Overman Property Project has been posted on the Corporate website at: http://www.he-5resourcescorp.com/Noticeofoperations.pdf. This document was filed with the Bureau of Land Management in Carson City, Nevada in order to obtain the permit that will allow the commencement of drilling at the Overman Property.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.Posts: 199 | From: beach, sc | Registered: Mar 2006
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posted
Can anyone explain this one to me? (a newbie) I have seen this before on these forward splits where the stock drops like a rock after it is announced, now this one gets extended another week, does that mean that they want the stock to drop more? If it keeps dropping, then someone can come in at the last minute and get tons of stock for a pittance and really underscore the previous stock holders. What's upp?????
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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posted
hrrp is good company imo. i bought it between 0.09 and sold it at 0.115 range. dont know why it has lost almost 50% of its value but reason can be extension of deadline for forward split. other than that there is no solid reason why this thing ahs dropped. similar thing happened to hisc when they extended deadline. it went from 0.05-0.055 all the way downto 0.03. i am adding it to my radar for reentry.
GLTY
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
How long do you think can they will keep extending this? Why? Doesn't make much sense (cents)to me. How could the price fall on OK news?
Posts: 29 | From: West Virginia | Registered: May 2006
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posted
I am not shure i like this part ---- The forward stock split will be effective on or about June 8, 2006, at which time the additional shares in certificate form will be mailed directly to shareholders without action on their part. ---- this means I would need to wait for my share certs to arrive in the mail then send them to my broker and have them placed in my account witch will cost me whatever fee they charge for that service and take maybe weeks after the 8th to accomplish!. the first announcement said they would deposit shares directly into shareholders accounts now they have changed the dates and we will have to wait for the mail to turn in our certs!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by madmoney: I am not shure i like this part ---- The forward stock split will be effective on or about June 8, 2006, at which time the additional shares in certificate form will be mailed directly to shareholders without action on their part. ---- this means I would need to wait for my share certs to arrive in the mail then send them to my broker and have them placed in my account witch will cost me whatever fee they charge for that service and take maybe weeks after the 8th to accomplish!. the first announcement said they would deposit shares directly into shareholders accounts now they have changed the dates and we will have to wait for the mail to turn in our certs!
i betcha this does not happen for ameritrade
Posts: 298 | Registered: May 2006
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posted
How does a forward split translate into todays FALLING price?? When is the X date to keep or purchase shares now?
Posts: 29 | From: West Virginia | Registered: May 2006
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HE-5 Resources, Corp. Releases Executive Summary of Overman Property Issues Reminder to Investors of 5:1 Forward Stock Split
NEW YORK, NY -- (MARKET WIRE) -- 06/07/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP) today released the Executive Summary of the Overman Property, Comstock District, Nevada that was prepared by Consulting Geologist Stephen J. Russell. The Summary includes the Production History of the Overman Property, its Geology/Reserves and its Upside Potential. The Summary has been posted on the Corporate website at: http://www.he-5resourcescorp.com/executivesummary.pdf.
HE-5 also announced that the Bureau of Land Management in Carson City, Nevada will be visiting the Overman Property site this week. Following their visit, the approval of the permit is a mere formality that should occur within a couple of days. As soon as HE-5 receives the permit the Company will commence the road work and drill pad construction, which is about one month ahead of schedule as per the Proposed Work Schedule for the Overman Property Project.
HE-5 Management today issued a reminder to all current and prospective shareholders of the Company's upcoming 5:1 forward stock split. Investors have only until this Friday to purchase shares of HE-5 and be eligible to receive additional shares as a result of the forward split. Stockholders of record on June 9, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 15, 2006, at which time the additional shares will be credited to the shareholders' accounts.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
It will be interesting to see what the new pps will be.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
I don't think that it will have any troble moving back to where it is now. I am assuming that there must be something big happening to give us a 5/1 FS. I am expecting some big PR afterwards. Has anyone contacted the CEO in the past couple of weeks?
posted
Moving back to the current level would be a 5 bagger. Not too sure that will happen anytime soon after the FS.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
Does the 89 million take into consideration the forward split. I had saw listed on the wedsite a month ago there were only 19 million shares outstanding.
Posts: 18 | Registered: Jun 2006
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posted
cgreen.... I don't think that the 89M is including the FS. That number was listed on the last 10K report. I suspect that the financials that they said would be out at the end of May will come out after the splitt to bring the price back up. I have tried to confirm this, but cannot gat an answer from HRRP.
posted
tman i hear ya. I thought I might be the only one still holding this. Has anyone received there shares yet?
Posts: 29 | From: West Virginia | Registered: May 2006
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posted
im still in and holding strong!!!! would like to see its potential after split
Posts: 199 | From: beach, sc | Registered: Mar 2006
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posted
Clarifies Procedure of 5:1 Forward Stock Split
NEW YORK, NY -- (MARKET WIRE) -- 06/14/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP) today released an update to investors with respect to the permit for the Overman Property Project. The Bureau of Land Management (BLM) in Carson City, Nevada visited the Overman Property site on Monday, June 12. The BLM was pleased with their visit and provided a satisfactory assessment of the Property. The only minor issue that HE-5 must address is to ensure that the adjacent railroad is not damaged when it is crossed by a 50-ton truck at least 600 times per month. HE-5 will promptly deal with this issue and expects that the approval of the permit is a mere formality that should occur by this Friday. As soon as HE-5 receives the permit the Company will commence the road work and drill pad construction, which is about one month ahead of schedule as per the Proposed Work Schedule for the Overman Property Project. HE-5 suggests that all shareholders study the Proposed Work Schedule and the Preliminary Cash Flow Projection for the Overman Property Project, which are available on the Corporate website at: http://www.he-5resourcescorp.com/overman.html.
HE-5 Management today clarified the procedure of the 5:1 forward stock split. Stockholders of record on June 9, 2006 will receive the additional shares in their brokerage accounts by this Friday. In fact, several investors have already received the additional shares. Investors that do not have brokerage accounts will be mailed the additional shares in certificate form by this Friday as well. Management advises shareholders that this is a complex process and assures them that the additional shares will be distributed in a fair and effective manner.
Posts: 199 | From: beach, sc | Registered: Mar 2006
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posted
Well, this is interesting to say the least regarding the share distribution. It is trading at the pre split level today which means that anyone that sells their forward shares prior to Friday is gonna have a heck of a call on their account when they wake up Friday imo. I believe Friday was the xdate so we will see. I am glad to see they are making progress on this property. A guy I was working with in LA earlier this year went to Elko NV for training and he said the mines were full tilt. Have a great day. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Went to the site http://www.he-5resourcescorp.com and the pics from the Overman project are pretty impressive. At least there appears to be some REAL activity.
Posts: 29 | From: West Virginia | Registered: May 2006
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