hadesdog - most of the pinkies that can't get funding anymore because there is no buying interest are already about to go under. Their massive dilution , like HRNF was known to do, just postponed the inevitable. A real board of directors would have already fired most of the CEO's, IMO, for just plain terrible performance and massive repeated losses.

HRNF seemed headed for its own implosion, after repeated high projections (hype), followed by not even meeting a small fraction of the projections.

Most know where the shares ('er cash went). Don't have to look too far......from the Anthony plan to see that.

Issued shares almost maxed-out already

That's some massive dilution. Did someone get cash for ALL THESE UNREGISTERED SHARES? OH MY!

LOL -over 460 million shares issued now, although I haven't contacted the T/A recently to see if they are at 500 million issued, yet.

Authorized Shares: 500,000,000
Source: 10KSB ( 04/15/2004 )

Outstanding Shares: 460,573,064

LOL - close to 500 million limit on outstanding shares already.

Much more than the 300 million you mentioned, per the T/A

reverse split coming. Unfortunately, their problems with Delaware and no occ license with florida, plus the cussip being dropped by the DTCC are all things keeping Pagnano from doing the reverse split.

insider trading by those that are getting the material non-public information is a serious offense. Simply possessing and hinting or disseminationg like is being can also be actionable, as is a conspiracy to help disseminate info or "pumping".

Things like "we have a deal in the works" and "may announce something in a couple weeks about it"

The SEC and other (Finra) tiplines are now more user-friendly I'm pretty sure tips about special emails or other insider-information. The fact that numerous emails are going back and forth while other shareholders get no response makes this activity pretty suspicious.

stockinvestor - Eric the CEO knows that certain people that email him are "believers", no matter how much common sense would suggest they should be questioning why he is diluting to stay afloat.

CEO is planning more pump/dumps

Unfortunately; he realizes that with no bid, and his track record of diluting sharesholder value into the ground, his only recorse is a reverse split.

adanac - there are no shorts in PYCT.
This has confirmed many times and there has never been any evidence of any shorting problem.

CEO found he couldn't spinoff a LLC, so he PR's that he decided to not do the deal.

He cannot spin and give only 10% equity in a company they already had 100% equity in.

Plus the CEO would have been the debtor getting paid, while shareholders get screwed.

He tried, but got shut down in his attempt to generate cash for himself. He is still owed almost the entire market cap in just a loan, not including deferred salary and and those bonuses he authorized for himself.

CEO destroys shareholder value, and has never been able to create any shareholder value in any of his failed business models.

Excerpt from felony indictment article
(bold emphasis are mine)

Hop-On CEO indicted

April 18, 2003|By Todd Wallack, Chronicle Staff Writer

.....Michaels and another executive also promised to forgo a salary until the firm generated enough cash to pay them, but instead paid themselves with investors' money, according to the charges.

In addition, Michaels used $17,000 of shareholder funds to pay his credit card bills and spent an additional $131,000 on a yacht, the indictment contends. WWWC also signed a $500,000 contract with another firm, Binky Roo Software, which was secretly controlled by Michaels, according to the documents.

The indictment names Michaels and four other men (Greg Boretz, Robert Rey, James Beck and Charles Woods) connected with WWWC and a related firm that raised money for WWWC, Tri Star Wireless Communications, for conspiring to commit securities and mail fraud. The California Department of Corporations and the U.S. attorney for the Southern District of California handled the case.

WWWC shut down about three years ago after it was raided by state investigators, and WWWC shares were converted into stock in Hop-On, Michaels' latest venture.

Hop-On then gained widespread attention after issuing press releases touting a disposable cell phone for between $30 and $40.

Time magazine dubbed the phone one of the best inventions of 2001. And Michaels promoted the device everywhere, including cable channels such CNBC and BusinessWeek magazine. Its stock rose above $1.50 per share in over-the- counter trading.

But The Chronicle found that two sample Hop-On phones sent to the paper were actually modified Nokias in a new plastic casing. Michaels later explained those were prototypes.
......

joetm - sure hope you are not trading based on material non-public information you are beng spoon-fed from Eric Ottens, in hopes you help him dump dilutive shares.
Anyone in posession of such information and that trades based on it can get in serious trouble.

If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.

What is insider trading?

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.

Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.

joe - Eric can no longer dump shares, so he is gonna reverse split, so he can dilute even more shares.

Up? a $0.55 trade? LOL

Looks more like manipulation to try to make it look like somone wanted shares. There is basically no buying interest in this worthless entity.

Michaels, in the indictment against him, was also accused of touting deals and money with companies he secretly controlled.

Does the recent so-called deal with USACIG sound familiar and include similar deception? He never disclosed, in any press release, that he controlled USACIG already and signed a deal with himself. His later PR about acquisition also didn't disclose he controlled USACIG already.

The company isn't moving in any direction. It is at no bid and the CEO continues his failures to the point investos know to not believe what he spews, IMO.

So Aurum decided to dump HRNF?

After doing DD on the CEO of HRNF?

Mike lied about the last proposed acquisition he announced, by claiming it was HRNF that decided against it. Some time before that , the other company announced to their own employees that they decided to not associate at all with Pagnano's company becase of their track record of massive dilution and reverse splits. Pagnano got cught in that lie, too, among many others.

No a CEO or company to be trusted, IMO.

DTCC has dropped the cussip# for HRNF. As a result, almost all brokers have banned buying or selling of HRNF.

It was a result of the SEC investigation and action regarding the more than one-dozen deals HRNF made (shares/warrants for cash) with Gendarme...the first target they filed against.

buys and sells...maybe not?
Zecco? Did you ask how much it would cost for one trade of a pinkie like this with no cussip? If you could sell at any price.

No financials or pinksheets update, as promised. No SEC filing that I've seen. It is after the 30th.

HRNF may already be flat broke. They had little money at all, as of the last report I read.

If it does, shareholders lose even more.

They get spun into a LLC. Assets gone from HRNF.PK completely. Did shareholders ask if they were getting more than a tiny share of the LLC?

HRNF.PK's value drop precipitously and then there are all that money Pags is owed. Practically the entire market cap-worth of cash in something that has dumped Heathrow. The value drops even more...ouch.

I'm thinking 1:300 reverse split and then a drop to the $0.0003 level will be in order.

Ban on HRNF trading in place at most brokers

Not a good sign.

redfisher - I formulate my opinion of what I believe after reading repeated multiple messages.

Thanks to you, hadesdog and many others here that read each other's posts and contribute.

I try to avoid being "baited" after giving info and being asked to prove what I claim. One other person here just gave proof that 4 brokers he/she spoke with also confirmed no shorting. They (brokers) don't lie about something important like this to a customer/potential customer. I trust mine more than some family members.

So, I think the shorting issue is resolved with the facts that there is no shorting at all.

I think the CEO would even agree on that.

He just needs a bid so he can start dumping some of that debt he likely will be paid (what he says is owed him, on past financials)

Could that be the reason for increasing the authorized shares and the last fluff PR?

30 day DD by SSLC on the so-called deal has long since passed. a LOI usually gives 30 days for both parties to investigate the financial and ethical condition of the other party.
I'm guessing it was SSLC that cancelled the deal.....they got some cash from APCX, though....LOL

Contact the federal trade commission (FTC) with details. If hop-on stole their money via interstate wire transfers, Peter's problems may be at the Federal level, too.

Yes, it is legal. They are trying to protect investors from HRNF, after the DTCC imposed severe restrictions in 2010 and again in early 2011.
With the HRNF cussip# dropped by the DTCC to protect investors, reputable brokers have banned buys and sells. A couple will allow sells, but no buying....again protecting investors from questionable penny stocks like HRNF.

Try doing some DD and read the info in the links provided. This gives all the proof needed.

Moreover, I asked for anyone to show proof that there ever has been any shorting issue. There has never been any proof of that.

The daily numbers only give the numbers of shares that don't clear in the short window given (30 or 90 seconds, I believe). Those shares are all cleared later, otherwise they would show up in the bi-monthly reports.

Finra does advise to not rely on daily short numbers for shorting info....they advise to rely on bi-monthly short numbers.....which shows zero shorting.

Can't have naked shorts without significant FTD's
See my last post. This has been confirmed.

Sorry but you can't have a short, or Naked Short without an FTD..
The SEC reports that activity from data that the DTCC sends them
It is based on data from the equity clearance and settlement system that they operate. When there is an obligation to deliver shares that exceeds the shares in a member’s(your favorite people) accounts, a fail to deliver results.
Daily short report totals don't account for any of the shares(all the shares) that clear..obviously since this is something that one can't see- short conspiracy theorists only assume that none clear and therefore call them short.

There is no shorting at all....confirmed.

More proof - no shorts and no naked shorts in HRNF

Re: adanac post# 76685

Post #


Sorry, no FTDs...can't have NSS or shorting with out FTDs, seems like all you posts last month about the shorting was just nonsense;
Sorry, but you can't have naked shorts and no Fails to Deliver at the same time.

www.sec.gov/foia/docs/failsdata.htm

http://failurestodeliver.com/default2.aspx

Proof - no shorting and no naked shorting. This has now been confirmed.

Re: adanac post

No Short , No Naked Short either...and here's whey your numbers aren't important:

So, if the SEC says there are no FTDs on pyct AND you can't have Naked Shorting without FTDs...your theory is shot.... done....major Fail. Here is where you can check yourself for any sign of FTDs:
http://www.sec.gov/foia/docs/failsdata.htm

http://failurestodeliver.com/default2.aspx
Just keep in mind you have to have FTDs if you claim you have NSS.
Since the numbers your trying to portray as short or Naked shorting and you have ZERO proof, but others here have already shown that there is just no interest in a scam stock that already admits to dumping shares...there is where all your mystery volume is coming from.

Anyway - it makes perfect sense that pyct is the only one to blame for the poor position it is in....poorly trained shills that don't know how the market works, greedy management that can't stop dumping shares, and the best of all- zero product after all the years of claims otherwise.

Correction - now received confirmation no shorting at all.

Glad I could help by posting the facts.

mrsdoubt - it doesn't mean that aurum has 50 million in its own assets. It could manage the assets of others and not own any assets, plus might have 50 million or more in debt.

Pagnano is known for putting out bogus stuff that can't be confirmed, then dumping billions and billions of dilutive shares on the gullible.

After Otten's pulls a reverse split, it will turn sharply lower on dilution nightmare woes.

because they can get cash to pay for pumping and Michael's so-called "services"

Daily numbers state otherwise.
FINRA advises not to rely on their own daily numbers for evidence of shorting. FINRA advises to rely on bi-monthly short numbers, which confirm no shorting going on at HRNF.

CEO of a company can't make statements as such.

CEO can and they do make such claims. The CEO of Overstock dot com has been falsely claiming a shorting problem for years, and has been proven wrong each time. Pagnano knows there is no shorting.

vegetto O/S = 460,573,064, at last report
lots of dilution

Authorized Shares: 500,000,000
Source: 10KSB ( 04/15/2004 )

Outstanding Shares: 460,573,064

Fiscal Year End: December 31

mrs there are no shorts. This has been confirmed numerous times, by the bi-monthly reports.

there also has never been even a hint of evidence that there was a shorting issue.

Even the CEO has never claimed any shorting issue exists.

Nope, no bid is likely where it will be soon.

Pretty much a worthless dilution entity.