Halitron (OTCMKTS:HAON) Boosted By Share Buyback

In our previous report on Halitron (OTCMKTS:HAON), we mentioned that the company was making a lot of progress.The company had cancelled the share reserve agreement reducing the risk of equity dilution. Additionally, the company had sold brands, which showed the growing demand for the company’s divisions. Consequently, the market celebrated and the share price commenced an uptrend. We also mentioned that if the positive news flow continues, the share price could go higher. Company LogoVery recently, we saw the share price took off again. From $0.0002 per share, the share price went up to $0.0006 in a short period of time delivering outstanding returns to market participants who followed our article. 1 year chart for HAON 1 month chart for HAONLet's rapidly revisit the company's business model for those who have not had time to check our previous coverage. HAON is said to be an equity investment holding company intending to acquire businesses focused on sales, marketing, and manufacturing. The company intends to "leverage the low cost and efficient infrastructure" of the holding once several companies are acquired.What's new?The following was released after the release of our last article.On August 11, 2017, HAON highlighted that it had formed a group of professionals that will help the company acquire and run other businesses. It was noted that company is looking for hyper growth sectors of the marketplace. Furthermore, it was said that it will be focusing on the "beverage, manufacturing, and medical industries."On August 22, 2017, the company noted that LIFES TIME CAPSULE (OTCMKTS:LTCPD) and HAON had decided to elect Frank Brady as the new CEO. We appreciate his profile. He brings twenty years of experience in the tech industry and is also founder of Life's Time Capsule, LLC. It was not noted in the press release, but we found that Frank Brady is also Leadership Team Consultant in HAON, which we also appreciate. We believe that HAON will be able to supervise LTCPD's activities with HAON on Board. We appreciate the words of Mr. Brady as he talked about adding shareholder value:

"I am excited about rebooting the Company with a top-flight development team that has redesigned our system, aligned our network with Amazon's S3 cloud storage for maximum performance, and improved our UI/UX experience. With an almost bulletproof network, I can now focus our resources on subscriber and revenue growth, which is critical for shareholder value." Source

On October 20, 2017, HAON announced the acquisition of The Hopp Companies, Inc. in an asset purchase agreement valued at $700,000. The market reacted by pushing up the share price and the volume picked up as well.What's the business model of Hopp? This is the way HAON explained it:

"Hopp is a leading manufacturer for quality Point of Purchase (POP) displays for in-store marketing, merchandising, pricing, and sales aids for many types of retail stores, suppliers, distributors and warehouses nationwide. Hopp specializes in providing quality service and value to fit the needs of any size and color of POP products. The specialty products division can produce most styles of printed, die-cut and formed plastic product from rigid or flexible plastic and magnetic materials." Source

The company manufactures products for different sectors; hardware and department stores, auto parts stores, drug stores, convenience stores, supermarkets, jewelry stores among others.It runs its operations from a 5,000-square foot manufacturing facility in New Hyde Park, New York. It seems to have accumulated large amount of expertise. It has operated for the last 20 years and is said to have approximately 7,000 accounts.What's HAON planning?Hopp's assets are intended to be used in the operations of HAON's two legacy brands:

• CinchSigns: a printed point of purchases products business
• PiecesInPlaces: an office organization supply business focused on plastic file folders

The company highlighted that CinchSigns and PiecesInPlaces own a client list of 190,675, thus cross marketing is expected to provide interesting results.We believe that the acquisition is a very significant development. Additionally, we agree with the market when the share price was pushed up. In our opinion, the company will need to inform about how the two companies integrate. Also, we encourage readers to be alert in this regard, as more announcements about growth of Hopp and HAON could make the share price spike.It does not end there. On October 25, 2017, the company released that the technical team of LIFES TIME CAPSULE (OTCMKTS:LTCPD) had integrated customer database from its archival brands, formerly owned by Halitron Inc. LTCPD was said to be trying to convert these customers' tangible media to a secure digital format. It was noted that Amazon's S3 Network was going to be used to design the system.The Buy Back Program will increase the demand for the company's sharesUndoubtedly, the most relevant announcement was made on October 30, 2017. The company noted that the Board had approved a stock buyback of Halitron's common shares in the open market up to a stock price of $0.01. We appreciate the announcement and the market did as well. The share price increased and the volume picked up, which makes a lot of sense.According to the company, after the acquisition of The Hopp Companies, Inc., the projected operating cash flow increased. Thus, the management decided that the company will be able to deploy cash flow and increase shareholder value by buying back shares.Additionally, the company reminded that efforts are being made to up list the company to the OTC Markets QB level. In our opinion, this will be good for HAON, which will be able to finance at a cheaper cost and will gain some reputation. ConclusionCurrently trading with a market cap of $2.9 million, HAON is an exciting story among small caps. It is still in a pre-revenue stage and may be looking to recapitalize its balance sheet, but the recent news seem to have seduced market participants. To sum up, keep a close eye on this company, as the stock looks to have bottomed out.Be sure to check out our coverage on HAON!We will be updating our subscribers as soon as we know more. For the latest updates on HAON, sign up below!Image courtesy of chi akikuriyama FlickrDisclosure: We have no position in HAON and have not been compensated for this article.