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For everyone, here is the latest statement:
PLATTSBURGH, N.Y., Dec. 05, 2017 (GLOBE NEWSWIRE) -- HE-5 Resources Corp. wishes to inform its shareholders that it has received approval from FINRA for a name change from HE-5 Resources Corp. (Ticker symbol HRRN) to FansFrenzy Corporation, with a new ticker symbol (OTC:HRRND).
The name change will be effective at opening on December 5th, 2017. The new symbol will be HRRND. The “D” will be removed in 20 business days and the symbol will change to FFZY.
FINRA has also approved the 100 to 1 reverse split to our stock. The reverse split will also take effect December 5th, 2017 at opening.
“We are very excited to be trading under such a brand specific trading symbol. This is part of our reorganization to attract new investments and actively create a new board of directors in order to fulfill our business plan. This board will encompass various professionals from all aspects of our industry,” says Gary Molinaro the CEO of FansFrenzy Corporation.
We will keep all communications current to our shareholders through our corporate web site (fansfrenzy.net) and our official twitter account (twitter.com/fans_frenzy).
About FansFrenzy.com:
FansFrenzy is a social-commerce (solcom) web site and mobile app connecting members and their affiliated colleges, universities, high schools, alumni and sports organizations. Our platform interacts and rewards members through gamification, contests, giveaways, blogging and in game promotions. Our model is to reward members for simply being part of the online community sharing a common subject of interest
https://globenewswire.com/news-release/2017/12/05/1229360/0/en/HE-5-Resources-Corporation-Becomes-FansFrenzy-Corporation.html
Would you mind sharing where you saw/ are seeing this?
Fake twitter G. Molinaro account:
There is an account on Twitter that is pretending to be Fans Frenzy's CEO Gary Molinaro. Mr. Molinaro does not own a Twitter account and this one is a fake. @Gary_Molinaro
— FansFrenzy (@fans_frenzy) November 18, 2017
If they are doing it to commit fraud on us, then they are risking SEC scrutiny and being under their microscope, why would they?
You could say that with any ratio, i.e. 1:10, 1:4, etc. that they would then reissue shares. I think they put their ownership at risk if they issue new stock in that amount you mentioned, 891 million or other reissues. If I were the CEO of this company and wanted to get more capital, which is what they need to grow, then I would probably do this as well. I stayed in the stock because I thought the idea was viable, not in it for a few pennies then to see it go back down. That's fine for everyone else, I have some money vested in, but not a ton, so I'm definitely hanging on to mine...have been since 2009, so I can wait.
Exactly right, how can you expect to grow as a company with $2.4B shares outstanding or even 900 million when the market cap is so tiny? you don't, you do an R/S.
If you are able to talk to him again, ask him what's going on. To me the combination of the reduction in OS and the reverse stock split shows a desire to make the stock more attractive for investors with higher priced shares and to possibly get on a NYSE or other exchange. It seems they have too much work put in to just FUBAR this. They would be hurting themselves mostly from any negative consequences of this split. Also, think about it, you have 2.4B shares at miniscule prices...how are you going to attract capital? Issuing new shares, right? Well, that will get you hardly anything and that actually dilutes the stock. So, what if you reduce the number of shares outstanding from 2.4B to 9Million!? Any new issuance after that will garner much more capital. I'm new to this penny stock game, but have an MBA in Port. Mgmt and Securities Analysis and this seems like what they are doing. Could be totally wrong, but after following this company for a while, there is more to this company than a charade.
Wouldn't this be a good thing as far as being reputable and to increase the value?
I am still somewhat of a newbee, have you locked in a trailing stop for this or are you just free-ballin' it?
Like what specifically?
This is great, but back at the end of August this spike up to like .0032, so why is it different this time? And how high can we REALISTICALLY expect this to go up to? Anyone have experience with a rocket before?
I, for one, am grateful for EHR Junkie and all his posts. I am a novice when it comes this so his insight is greatly appreciated.
I'm sure this increase will all be dumped tomorrow.
Well, I think this is due to the name change...They are shown as 'Fansfrenzy Corp' in TD Ameritrade but still have the HRRN ticker.
It seems like a pump is more off of false information and press releases. Since there was no info released, maybe this is more organic?
I don't totally understand the dynamics of this...why is this happening now and who is doing it?
awful today! what are they doing?
Hopefully sales results for next quarter's financials: https://www.otcmarkets.com/stock/HRRN/financials#
Why would you give a damn what we do with our money? Like some altruist....go kick rocks
Thanks for the warning, but I think most everyone here is firmly entrenched to see if this will bear fruit....anyone who would get out now could possibly miss out on so much....at this price, it's not like people of have vast fortunes invested, so we gonna ride out the dips and see what happens homey.
If this turns out to be actually a highly viable revenue stream and innovative, then it could turn into like a CONCUR stock that struggled under $1 area and then it went up over $100 (gradually of course) before it was bought out.
Not saying they can't, hoping this one will and maybe even more. It's just a rare exception that that happens...maybe this is one
I believe he was talking about Market Cap...in order to justify the stock price going to dimes, there probably needs to be good revenue behind it since there are so many outstanding shares.
Anyone have a best guess as to when a PR will happen? Seems like they need to have the website totally functional first, which could mean another month or so.
That is really strange, it should just be an automated process
THat doesn't work...keeps bringing me back to the start page where you have to enter your email and wait for the email link. I tried under 'create an account' and 'don't have an account' and neither worked.
well both since I didn't get the email and I see the partial site but limited in function because I don't have a login.
Yes, still waiting for the email...I tried to signup for the invite twice and got nothing back. Will try again.
I hope so, it comes off as amateurish when they get ready to launch a website and it's not ready and they still haven't sent out invites for many people who gave their emails...no it's not in my junk folder.
I still haven't gotten my either....registered twice yesterday, no login. Some sort of glitch there. Should be immdeiate that you get a login.
So it looks like the website is different now with it stating that it wants you to send them your email in order to be invited.
Do you have a link please?
I'm in baby, I'm in
It's Alive!!! After all these years of being dormant, it has finally awoken. I believe the potential is there to be a rare super-success, but a lot has to happen. They have to generate revenue and turn a profit. We'll see if it happens. It's exciting though.
Thanks...that's crazy why they would sell right before it is about to take off.
Tanking today, why?
Well Thank You so much!!! I'm glad you are so concerned for my investments, what a wonderful person!
Shows where I've been...I was always under the impression you sell at the Bid and buy at the Ask, always.
Thanks Vixer. Getting in at the ask is not a bad thing right now, going to go much higer. Today was definitely low volume, but we just had a bunch of days like in the 1M volume, so should be some still available...don't quite understand...are we at the point where no one is going to sell until news and there are no more shares to be had until then? Thanks for putting up with my inexperience.
That's correct...would be a market capitalization of about $100M at that price ($.05).