web analytics
1.2 C
Munich
Friday, December 2, 2022

Harbor Diversified Inc (OTCMKTS: HRBR) Air Wisconsin Airlines Reverse Merger Holds its Gains with Ease and Runs Again, Never Giving Back Much After Enormous Q4 Numbers

Harbor Diversified Inc (OTCMKTS: HRBR) has been more active as of late with the daily trading volume sometimes running into the hundreds of thousands. HRBR sees plenty of retail selling each new level It trades at but there is always an MM sitting on the bid buying anything that comes into the market. Eventually the buying comes and the stock can move up fast. Many speculators note the strength HRBR continues to how it has. The stock is among the most historic runners of 2021 skyrocketing from pennies to over $3 per share, a run we were one of the first to report on HRBR alerting it to our readers on November 10, 2020 when HRBR was $0.26 per share. Recently Harbor Diversified put out some specular numbers in its 10QSB filed on November 12, 2021 showing revenues of $71.8 million during the three months ended September 30, 2021, up 163.1%, from the same period last year. Net income for the three months ended September 30, 2021 was $36.3 million, or $0.67 per basic share and $0.51 per diluted share, compared to net income of $7.9 million, or $0.14 per basic share and $0.11 per diluted share, for the three months ended September 30, 2020. The increase in revenues are the result of the increase in demand for air travel and the gain resulting from the forgiveness of the SBA Loan. As of September 30, 2021, Harbor Diversified cash and cash equivalents balance was $43.7 million and the Company held $126.5 million of marketable securities. 

As Microcapdaily keeps saying reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors as was the case when Air Wisconsin quietly took over the HRBR shell late last year. Air Wisconsin owns and operate a fleet of 64 CRJ-200 regional jets and solely serve United Airlines. It’s the 8th largest regional airline group in the US. It flew 4 million passengers in 2019 and operated routes in 36 cities serving solely to United Airlines (UAL on Nasd). Mircocapdaily was there the moment HRBR started to run back in November of last year stating on November 10, when HRBR was priced at $0.26 per share: “Harbor Diversified Inc (OTCMKTS: HRBR) is making an explosive move up the charts on a massive surge of volume quickly emerging as among the most exciting stories in small caps.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

 

Harbor Diversified Inc (OTCMKTS: HRBR) is the parent Company of a consolidated group of subsidiaries, including AWAC Aviation, Inc. which owns and operates Air Wisconsin Airlines LLC; a regional air carrier that, as of December 31, 2019, provided scheduled passenger service to 81 cities in 31 states with an average of approximately 284 daily departures under an agreement with United Airlines, Inc.. Harbor Diversified, Inc. is also the direct parent of three other subsidiaries: (1) Lotus Aviation Leasing, LLC which leases flight equipment to Air Wisconsin, (2) Air Wisconsin Funding LLC which provides flight equipment financing to Air Wisconsin, and Harbor Therapeutics, Inc. which is a non-operating entity with no material assets. s of May 31, 2020, Air Wisconsin employs around 1,308 full-time employees and 24 part-time employees, of whom 1,057 were represented by unions, and the remainder were not. Air Wisconsin has never been the subject of a labor strike or labor action that materially impacted its operations.

For the three and nine months ended September 30, 2021, Air Wisconsin operated a fleet of 64 CRJ-200 regional jets under a capacity purchase agreement (the “United capacity purchase agreement”) with its sole major airline partner, United Airlines, Inc. (“United”), with a significant presence at both Chicago O’Hare and Washington-Dulles, two of United’s key domestic hubs. All of Air Wisconsin’s flights are operated as United Express pursuant to the terms of the United capacity purchase agreement. More than 99% of our operating revenues for the three and nine months ended September 30, 2021 and September 30, 2020, was derived from operations associated with the United capacity purchase agreement. Air Wisconsin’s monthly departures and scheduled block hours have generally increased since June 2020. However, there can be no assurance that this trend will continue.

To Find out the inside Scoop on HRBR Subscribe to Microcapdaily.com Right Now by entering your Email in the box below 

HRBR

In July 2021, Air Wisconsin entered into a lease for a CRJ-200 aircraft in freighter configuration that is expected to be delivered by the end of 2021. This aircraft has not yet been added to Air Wisconsin’s FAA Operations Specifications. Air Wisconsin has added the CRJ-700, and is in the process of adding the CRJ-900, to its FAA Operations Specifications. Although Air Wisconsin does not currently have a customer for the freighter or any CRJ-700 or CRJ-900 aircraft, it is adding these additional aircraft capabilities to its fleet in an attempt to position itself to explore and take advantage of other business opportunities that may arise.

Microcapdaiily first reported on HRBR on November 10, 2020 when the stock was trading at $0.26 per share long before it ran a high of 3.08 stating at the time: “HRBR is making an explosive move up the charts on a massive surge of volume quickly emerging as among the most exciting stories in small caps. HRBR is quickly getting noticed by top traders and the stock has exploded northbound off its $0.05 base. HRBR is listed as dark/defunct on OTCMarkets Group however the Company’s filings are up to date with a recent 10Q and 10k filed. HRBR is doing spectacular numbers thanks to Air Wisconsin Airlines recently reporting $67 million in revenues for the 3 months ended March 31, 2020 as well as $4.4 million net income for the quarter. 

 

For more on HRBR Subscribe to MicroCapDaily Right Now!

HRBR has been more active as of late with the daily trading volume sometimes running into the hundreds of thousands. HRBR sees plenty of retail selling each new level It trades at but there is always an MM sitting on the bid buying anything that comes into the market. Eventually the buying comes and the stock can move up fast. Many speculators note the strength HRBR continues to how it has. The stock is among the most historic runners of 2021 skyrocketing from pennies to over $3 per share, a run we were one of the first to report on HRBR alerting it to our readers on November 10, 2020 when HRBR was $0.26 per share. Recently Harbor Diversified put out some specular numbers in its 10QSB filed on November 12, 2021 showing revenues of $71.8 million during the three months ended September 30, 2021, up 163.1%, from the same period last year. Net income for the three months ended September 30, 2021 was $36.3 million, or $0.67 per basic share and $0.51 per diluted share, compared to net income of $7.9 million, or $0.14 per basic share and $0.11 per diluted share, for the three months ended September 30, 2020. The increase in revenues are the result of the increase in demand for air travel and the gain resulting from the forgiveness of the SBA Loan. As of September 30, 2021, Harbor Diversified cash and cash equivalents balance was $43.7 million and the Company held $126.5 million of marketable securities. As Microcapdaily keeps saying reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors as was the case when Air Wisconsin quietly took over the HRBR shell late last year. Air Wisconsin owns and operate a fleet of 64 CRJ-200 regional jets and solely serve United Airlines. It’s the 8th largest regional airline group in the US. It flew 4 million passengers in 2019 and operated routes in 36 cities serving solely to United Airlines (UAL on Nasd). Mircocapdaily was there the moment HRBR started to run back in November of last year stating on November 10, when HRBR was priced at $0.26 per share: “Harbor Diversified Inc (OTCMKTS: HRBR) is making an explosive move up the charts on a massive surge of volume quickly emerging as among the most exciting stories in small caps. Microcapdaily first covered HRBR to the investment community when it was $0.26. We will be updating on HRBR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HRBR.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in HRBR either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.