I'm active in many stocks, listed on the Nasdaq and OTC, but this one has my special attention.
I already told you that in the past 4-5 years HE-5 Resources Corp had losses of well over $300.000, all related to costs from third parties (legal, administrative etc) while no revenue was generated. In 2012 and 2013 Michel Zgarka was at the helm, but apparently his business model with XII Tribes Entertainment didn't pass the due diligence. Enter Gary P. Molinaro and Yervant Manoian with a business concept that was developed by The Club's Choice Holding Company (f.n.a. Milenia Hope). Molinaro became CEO of HE-5 in the second quarter of 2014, so he's been building on Fansfrenzy for more than 2 years.
There are 2 possibilities:
1) these guys suck as well and will be thrown out and HRRN remains an empty shell
2) Fansfrenzy.com will be finished soon by adding their partner clubs, the web shop etc. etc., followed by a campaign to grow the user base
Gary Molinaro's position is a lot more solid than Michel Zgarka's position back in 2012/2013. Molinaro is CEO of HE-5 and so tells the annual list in Nevada. On top of that he's holding 80% of the prefered stock. That means he has got hold of the assets that he has brought into the company. It might also give him a prefered position in case dividends are paid out.
At the moment the website is working fine, let's see what happens next. If they succeed in completing their business plan, we're looking at the birth of a very interesting new player in this field.
JMO
