HaloSource (HALO) has emphasised “a significant milestone for the company, as it has officially received notification of certification from the Water Quality Association for its patent-pending technology and innovative astrea ONE filtering water bottle” - and the shares are currently more than 11% higher at 1p. Hmmm…
Writing last month on HaloSource (HALO), I suggested to be wary of ‘pleasing’ news here as a next bailout fundraising looked necessary in the near-term. Yesterday, at an attempted no-one watching o’clock (6:09pm), an announcement; “Fundraise and Change of Adviser”…
HaloSource (HALO) “is pleased to announce that it has received initial orders for its new astrea ONE lead filtering bottle from its first retail customer in the US”. Hmmm, promising or ramptastic?...
Previously writing on HaloSource (HALO) last month, I noted developments again pointing to tight financials. There’s now a further announcement from the company…
Previously writing, at the end of 2017, on HaloSource (HALO) it was a trading warning before a latest bailout from Woodford & co even approved. Today sees a further 2018 announcement from the company…
In September I noted on HaloSource (HALO) Woodford dog barks “very pleased with the progress”… but then admits it’s set to be cash crunch ahoy AGAIN!. There then followed a flurry of ‘news’… then surprise, surprise a fundraising… And now an attempted ‘no-one watching o’clock’ Trading Update. Uh oh. Trading warning ahoy?...
HaloSource (HALO) has announced that “its patented, best-in-class HaloPure disinfection technology is being utilised to power a line of purifying pitchers sold in retail outlets across South Africa by H20 International… Marks the first sale of HaloPure-powered devices on the African continent” - and the shares have currently responded more than 15% higher towards 2p. Ramptastic!...
Last writing on HaloSource (HALO) last month I noted the shares then around 20% ahead on the day, heading towards 2p, on a water bottle agreement but that the company was soon set to again require bailout funding. There have since that date now been four further announcements…
Shares in HaloSource (HALO) are currently around 20% ahead on the day, heading towards 2p, on the back of an “Agreement with Seven Step Ecotech” announcement. Turnaround time for this Woodford dog then? Er…
HaloSource (HALO) is “very pleased with the progress we have made with our newly executed all Drinking Water business strategy”. Good, good – this results statement for the first half of 2017 should be encouraging then…
A first half of 2017 trading update from HaloSource Inc. (HALO) includes “we are very pleased with the progress we have made with our newly executed all-drinking water business strategy… we expect to see continued growth going-forward” and that the company expects operating expenses to be reduced by more than 30% compared to the first half of 2016, with period-end net cash expected to be $2.1 million. A Woodford dog with a different bark?…
HaloSource (HALO) “is pleased to confirm that the company has raised approximately £1.8 million ($2.2 million) through the issue of an aggregate of 117,692,560 new common shares to new and existing investors at a price of 1.5 pence per new common share”. I bet it is…
Writing last week on HaloSource (HALO), I noted a Chinese governmental approval to enable a cornerstone investment had not been granted and that the investor was now to seek to make another application for the approval. However, I questioned why will the outcome be any different this time? And, even if it is, how long will it take? There is now an “Update on Fundraising and Funding Options” announcement from the company. Uh oh – that was the funding option, so what now for this Neil Woodford dog?...
Writing on HaloSource (HALO) last week, I noted funding delay from China now leaves no margin for error. There is now a “Further Update on Fundraising” announcement, which includes “the Chinese governmental approval has not been granted”. Uh oh…
Last month I looked at a conditional fundraising announcement from HaloSource (HALO) – conditional bailout fundraising, kicks the can down the road (not very far!). It may be not very far at all…