hopTo Inc. (OTCMKTS:HPTO) Files An 8-K Regulation FD Disclosure
Item 7.01
| Regulation FD Disclosure. |
As previously stated in its May 23, 2017 earnings release, hopTo
Inc. is providing the following answers to questions submitted to
its investors@hopto.com email address regarding the
Companys business, finances and operations. These questions and
answers will also be posted on the Companys website at
investors.hopto.com. These answers are subject to the forward
looking statement disclaimer following the last question and
answer below. The following questions and answers do not purport
to be indicative of the Companys overall current business,
finances, operations or prospects; rather, the answers reflect
the Companys responses solely to the questions submitted.
Question: How many individuals are still on the Board of
Directors?
hopTo Answer:
There have been no changes to the hopTo Board of Directors. The
board is comprised of five independent members and the Company
Chief Executive Officer all of whom were included on our Form 10K
filed on April 7, 2017 with the SEC. The board is not currently
receiving fees from the Company.
Question: On the Aqua Licensing Website it states that all bids
were to be in by 3/20/2017 and the winning bid would be announced
on 4/7/2017. Is the company currently in Subsequent rounds of
bidding with multiple potential buyers?
hopTo Answer:
As we stated in our Form 8K filed with the SEC on April 20, 2017,
the hopTo IP sale process is still ongoing. We cannot currently
discuss any specifics as discussions are still underway with
potential buyers.
This question and answer set contains statements that are forward
looking. These statements include statements regarding potential
strategic transactions and negotiations, financing and cost
cutting initiatives, such as subletting our office lease. These
statements are based on managements current expectations and are
subject to a number of uncertainties and risks that could cause
actual results to differ significantly from those described in
the forward looking statements. Factors that may cause such a
difference include the following: our lack of cash resources
makes it extremely difficult to execute on our efforts to extract
value from our hopTo and Go-Global assets, and creates risks that
we may be unable to realize full value for such assets; we may be
unable to manage our expenses to a degree to preserve our
opportunities to extract value from our assets, and may be forced
to sell them at unfavorable prices; there is no assurance that
any transaction will be achieved for any hopTo assets in a timely
manner, on reasonable terms, or at all; and other factors,
including those set forth under Item 1A, Risk Factors in our
Annual Report on Form 10-K for the year ended December 31, 2016
and in other documents we have filed with the SEC. We assume no
obligation to update the above question and answer set, which
speaks only as of the date of this Form 8-K in which these
questions and answers first appear.
About hopTo Inc. (OTCMKTS:HPTO)
hopTo Inc. is a developer of software productivity products for mobile devices, such as tablets and smartphones, and application publishing software solutions. The Company’s product line, which is called hopTo, is marketed to small and medium sized businesses, and enterprise level customers under the name hopTo Work, which is its primary focus in the hopTo product line. hopTo provides mobile end-users with a productivity workspace for their mobile devices that allows them to manage, share, view and edit their documents, regardless of where they are stored. The hopTo Work builds upon the hopTo consumer product, bringing its core mobile productivity features to small- to medium-sized business (SMB)/Enterprise users, with additional security and manageability functions. The Company’s GO-Global product offerings can be categorized into various product families, such as GO-Global for Windows, GO-Global for UNIX and GO-Global Client. hopTo Inc. (OTCMKTS:HPTO) Recent Trading Information
hopTo Inc. (OTCMKTS:HPTO) closed its last trading session 00.0000 at 0.0338 with shares trading hands.