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HEIFF - HEO(tsxv) - H2O Innovations Inc

post #1 of 39
2/14/12 at 4:52pm
Thread Starter 

H2O Innovation Inc. is a water treatment solutions company. The Company designs, develops, produces, and integrates water treatment systems for the production of drinking water, the reclamation of water, the treatment of wastewater and industrial process water. The Company serves the municipal, commercial, industrial, mining, pharmaceutical, hospital, commercial and agrifood, and energy markets. The Company provides water treatment systems for multiple markets in the United States, Canada, and abroad. The Company also offers operating and maintenance solutions for membrane filtration and reverse osmosis systems. The Company operates three manufacturing and assembly facilities in Ham-Nord (Quebec), Minneapolis (Minnesota) and San Diego (California). The Company’s waste water treatment systems include Bio-Wheel, Bio-Brane, BiH2Omobile, and Mobile and Pilot Units

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post #2 of 39
2/14/12 at 4:54pm
Thread Starter 

so this is my first penny stock thread

 

 

 

company thats gotten beaten up today...yet they issued a press release saying that their numbers were not correct:

 

H2O Innovation Issues Correction to Press Release Announcing its Fiscal 2012 Second Quarter Results (Correction Notice)

 
 
 
 
 

H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX VENTURE:HEO)(ALTERNEXT:MNEMO:ALHEO)announces a correction to its press release issued this morning at 8 a.m. (Eastern Time) entitled "H2O Innovation reports fiscal 2012 second quarter results - Revenues increase 11%, backlog remains high".

In the table entitled "CONSOLIDATED RESULTS (Unaudited)", the net loss for the three-month period ended December 31, 2010 should read ($523,693) instead of ($1,481,318).

 

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post #3 of 39
2/14/12 at 4:56pm
Thread Starter 

so the company is taking a MASSIVE nose dive with people thinking its a -02 on earnings

 

where in actuality its the same as before

-0.08

 

QUEBEC CITY, Que. - Stock in H2O Innovation Inc. (TSXV:HEO) tumbled almost 15 per cent Tuesday after the water and sewage treatment technology company reported its second-quarter losses more than doubled.

Quebec-based H2O reported a net loss $1.2 million or two cents per share for the three-month period ended Dec. 31.

That compared with a loss of $523,693 or less than a penny per share in the same 2010 period.

Revenue rose to $7 million from $6.4 million.

 

 

Again this is from their press release:

 

In the table entitled "CONSOLIDATED RESULTS (Unaudited)", the net loss for the three-month period ended December 31, 2010 should read ($523,693) instead of ($1,481,318).

 

 

Have the big boys dropped the ball here?

 

i bought when i saw this news

 

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post #4 of 39
2/14/12 at 4:57pm
Thread Starter 

sorry...-0.008

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post #5 of 39
2/14/12 at 4:58pm
welcome to the world of little stocks big $$$...if you play right wink.gif make sure to check out penny breakouts thread as well
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post #6 of 39
2/14/12 at 5:01pm
Thread Starter 

kevin..did you read the articles i posted

 

 

i dont get it..

 

they said theres a typo..and no recovery!! the revenue was also ++

 

im in 2K

 

probably add another 2k

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post #7 of 39
2/14/12 at 5:07pm
the correction is there...looks interesting ....at least the correction was to the good side ...cut losses in half
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post #8 of 39
2/14/12 at 5:08pm
maybe the correction is not yet widely known...or on the other hand ...in question...idk
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post #9 of 39
2/14/12 at 5:08pm
Thread Starter 

i know!!

crazy...

 

i think the panic selling was on the side of stupid

 

lets see tomorrow...

 

hopefully we fly under the radar again so i can add more! lol

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post #10 of 39
2/15/12 at 3:32pm
Thread Starter 

i guess we found support

 

 

i guess people still havent read that the drop was bc of a typo

 

bought more

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post #11 of 39
2/15/12 at 3:50pm
Quote:
Originally Posted by ze20001984 View Post

i guess we found support


i guess people still havent read that the drop was bc of a typo

bought more

havent exactly looked or dug too hard..but havent come across much of anything
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post #12 of 39
2/15/12 at 10:11pm
Thread Starter 

yea theres nothing much aside from saying that their accounting had a typo in it

and the stock still hasnt recovered

 

i dont get it...

 

 

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post #13 of 39
2/16/12 at 10:34am
Thread Starter 

opened higher but sold off again...2x thats happened now

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post #14 of 39
2/16/12 at 11:18pm
Thread Starter 
In 1 more k
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post #15 of 39
2/17/12 at 3:36am
Quote:
Originally Posted by ze20001984 View Post

In 1 more k

you are a believer
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post #16 of 39
2/17/12 at 9:12am
Thread Starter 
Well if its just a typo that caused the drop
Then we sould get back up
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post #17 of 39
2/17/12 at 10:44am
Quote:
Originally Posted by ze20001984 View Post

Well if its just a typo that caused the drop
Then we sould get back up

still havent seen anything else on it ??? i havent
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post #18 of 39
2/17/12 at 4:05pm
Thread Starter 

takes another 5% off..lol

 

oohh well..

 

yea its got no news

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post #19 of 39
2/24/12 at 11:19am
Thread Starter 

back up  the last 2 days...getting a fighting chance here

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post #20 of 39
2/24/12 at 4:25pm
Thread Starter 

the best stock on earth!!

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