Member Info for OneStraightGuy1

Esski - raised a total of £354,000 with a group of high net worth individuals.

''the investment of these influential people''

Their experience and connections may be invaluable to us as we further develop Zoetic.

Esski - it must be someone really big and important.
If someone like that is approaching you - ypu are not talking a s*** but cooperating.

''The new funds will be utilised immediately in expanding our manufacturing capabilities and further developing awareness of the Zoetic brand."

MCB55 - good find - says everything.
OTC and more aware investors base soon.

Tick - tock.

Esski - and you fail to see that current organic premium quality hemp business got nothing to do with previous projects... Completely different market. Completely different scenario. Flexibility and monetising on opportunities like organic nitrogen discovery, is something that small company needs in challenging times and that this what they are doing here.

burningspear - also you have missed this bit: If they get an OTC listing shortly it could be truly transformational, some CBD companies have a P/E ratio of 200mil mcap+ (Charlotte's Web for instance)!!

burningspear - and you have missed this bit: ''there is every reason to expect that this will change in the coming months as Zoetic continues to grow.''

They are clearly expecting that income from hemp will get bigger than income from ED:
''Whilst our oil & gas revenues from our East Denver project remain our largest source of income at present, there is every reason to expect that this will change in the coming months as Zoetic continues to grow.''

Says everything

Really good times ahead of us.

If you really don't like that. Please sell and move on into more promising companies.

They are clearly expecting that income from hemp will get bigger than income from ED:
''Whilst our oil & gas revenues from our East Denver project remain our largest source of income at present, there is every reason to expect that this will change in the coming months as Zoetic continues to grow.''

Really good times ahead of us.

Tick-Tock

''Furthermore, I have waived my right to participate in any awards made under the new share option scheme for the next 12 months.''

So the main, most exploited and hated reason for assaulting the company is now settled.

NO BONUS FOR RP.

Yippee, Hooray ! :D

I bet that JJAL is already dancing from happiness :D

Guys you did it - your constant, moaning and hate did the job RP resigned from his bonus ! :D

''On other matters, we are making good progress in our exploration of a listing on the OTC and we hope to be in a position to announce a firm intention in that regard shortly.''

''Our recent trading has been dominated by our success at Zoetic. We announced the commencement of UK sales last week and, in the US, our Chill brand is currently available in 44 stores and, based on expressions of interest currently received, we expect to be in at least 60 stores by the end of September. In addition, sales of both Chill and Zoetic have begun at LeafyQuick. To date, Chill has been led by our smokables but vapes and chew pouches will be available for sale in the coming weeks.''

''Going forward, any staff remuneration above fixed contractual entitlements will be primarily achieved by the participation in a new share option scheme, as opposed to cash bonuses. When implemented, this scheme will be vigorously tested against the financial performance of Highlands and specifically our share price. Details will be announced in due course but I want to be clear that no staff awards will be made at a price below 10 pence per share prior to today's placing, being the most recent price at which the Company issued new equity, and, in addition, any awards will only vest if Highlands meets the exceptional performance that we expect of our business. Specifically, all awards will be linked to a meaningful increase in our share price being achieved and sustained. In particular, we will no longer issue any warrants or other instruments to staff that are untested as to performance. Furthermore, I have waived my right to participate in any awards made under the new share option scheme for the next 12 months.''

Obviously it would be better if that new investor just bought these shares off the market and without further placing, although progress is obvious + significant cost cutting.

These leases have been allowed to lapse saving approximately $160,000 per annum.

Building a new business, especially one focused on the retail market, inevitably has a cost requirement. Whilst Zoetic is being built up, and until such time as it is self-sustainable, the Board has implemented a number of cost-cutting measures across the Highlands group. These include:
· A reduction of headcount and a freeze on new hires (other than for essential replacements)
· Cancellation of the retention of certain consultants, primarily those who had been assisting us on natural resources projects
· A reduction or sub-let of our office space in Denver in line with a reducing headcount
· Revised spending policies, including capex and business development (other than for Zoetic) across the Highlands group

In addition to the above, following consultation with shareholders, with effect from the current financial year, all director and management remuneration, aside from fixed salaries and contractual benefits, will be directly linked to the achievement of objective financial targets by Highlands. It is our intention to bring the remuneration of our employees in line with the interests of our shareholders.

''Whilst the Company had no immediate funding requirement.''

Someone spotted opportunity and approached the company:
''We were keen to accept the investment of these influential people, who approached Highlands following the achievements we have made in our CBD business, which they found highly attractive ''

''Their experience and connections may be invaluable to us as we further develop Zoetic. The new funds will be utilised immediately in expanding our manufacturing capabilities and further developing awareness of the Zoetic brand."

Current SP is a joke so some people are taking advantage of it.

So more shops and more selling places to come even quicker now with additional funds for expansion.

Give them hell guys ;)

Although don't forget about recent achievements with Zoetic and Chill top quality CBD brands which is quite impressive. Future is bright here.

Already cash generative:
1. Two-year agreement to provide hemp-derived cannabidiol ("CBD"), grown under quality-controlled conditions, with less than 0.2% Tetrahydrocannabinol ("THC"), to Cellulac plc (9.35% owned by Integumen plc) for conversion to medical grade CBD.
2. Chill smokables now are sold in a total of 36 stores - 18 Schrader convenience stores and a further 18 stores belonging to smaller chains.
3. 2 x direct-to-retail websites (https://zoetic.uk.com/ & https://www.zoetic.com/, www.thechillway.com)
4. Chill and Zoetic products are sold by LeafyQuick, a specialist CBD retail that offers same day delivery to the Chicago area.
5. 8 x oil wells at East Denver with 7.5% carried interest
6. Ox Distributing, the Company's distribution partner, has also recently indicated its plans to bring Chill products to stores in Texas.

Some gems reminder:
1. State-of-the-art, 33,000-foot indoor hemp growing facility in Colorado, US ( 3 to 4 harvests a year)
2. 16 acres for outdoor planting.

1st indoor harvest completed. 2nd batch already growing.
1st outddor harvest to be completed autumn this year (confirmed by Nick Tulloch in his last interview)
2 x top quality organic brands ("Zoetic" already got 1st place on https://leafyquick.com/collections/cbd-oil) and "Chill".
Seed strategy underway - action to capitalise on demand for high quality seed through production of high margin feminised hemp seeds.

Kansas Nitrogen - In the meantime, we continue to explore avenues for third party sales of our nitrogen gas in Kansas in conjunction with a local partner. It would be unrealistic to anticipate any revenues from this activity to be significant in the short term but, noting the costs of our Kansas operation, we are in a position to offer very attractive prices to potential purchasers whilst still achieving a high margin.

EP90 - WOT HAPPEND TO THE OIL? - nothing, still flows from 8 wells.

Comparing new hemp CBD/Seeds business to previous oil story. Oil story is still alive once income from hemp branch kicks in they will be able to move further with other projects as well.

JJAL - just admit that you are shorting HNR and that's why you are always going to find every possible topic, even the most ridiculous, to bash this share.

lloydiee69 - to make you feel more comfortable with your investment here. Read this recent article about SXX:
https://www.fool.co.uk/investing/2019/08/10/tempted-by-the-sirius-minerals-share-price-heres-what-you-need-to-know/

It should help you to realize that HNR (mcap: £10.12M/ $300 000 income a month and increasing + assets) is currently 1000 times better and safer investment than companies like SXX (mcap: £648.78M / 0 income + assets).

JJAL - you know very well that figures from 31 March 2019 are obsolete and mainly made by one-off non repeatable costs.

Repeatable expenses :
Total remuneration by 31 March 2019:
For all employees: £1,133,889
For directors: £547,546

Total: £1,681,435

+ 7.5% operation costs for ED
+ some operation costs for new hemp business

So hardly killing expenses.

After seeing this figures - admit yourself, you don't believe in any placing coming anymore.

ED + CBD sales, alone, should be enough to cover all overheads + a lot of profit.
If you add to that Seeds sales (very demanding market) - it's a total victory for HNR.
Past was interesting, although future is amazing !!!

About SXX - extremely dirty games are played there.
First they have released :
Proposed US$500m senior secured notes offering on 19 Jul 2019.
People were really happy.
Which resulted in SP growth from 13p to 16p.
And for one month someone was selling SXX shares to fooled people at 16p per share.
And now suddenly:
Senior secured notes offering process update 06 Aug 2019
''Sirius Minerals Plc (the "Company") has decided to suspend the proposed offer by its wholly owned subsidiary of $500 million of senior secured notes due 2027 previously announced by RNS on 19 July 2019 due to current market conditions.
The Company intends to revisit the market when conditions have improved later this quarter. ''

And we have 9p for each SXX share as further dilution is highly possible now.
How this is even legal? Who was selling shares at 16p to people for one month and prevented SP from recovery to 20p? Someone big who knew the truth.

I never liked that share.

HNR is a safe paradise comparing that thing.

That recovery gave people hope and fooled all of us.