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Manipulation -trading shares back and forth between brokerage accounts is nothing new for penny stocks.
If they try hard enough, they can keep raising the ask on their high volume trading back and forth without losing much money.
All while shares are being dumped by the hundreds of millions to those that listed to the paid stock promoters that suddenly appeared.
Looks like Pete needs money baaaad.
Pegaso - not likely
HPNN likely dumping billions more shares on the gullible bagholders
Nevada news a big problem for HOP-ON
Pinksheets shows HOP-ON issued far more shares than Nevada has authorized, per your pinksheets data.
Action Type: Amendment
Document Number: 20100106444-32 # of Pages: 1
File Date: 2/19/2010 Effective Date:
Previous Stock Value: Par Value Shares: 1,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 159,000.00 New Stock Value: Par Value Shares: 2,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 259,000.00
Yep, heavy dilution is likely. He has done this before....many times.
The TA will likely tell how much dilution he is doing once again.
Did he give the $600,000 to his own company USACIG? I also see he claims distribution agreements with USA INC. Is that a real company, or just his company?
...............
Currently, Michaels is in the process of selling the “The Electric Cigarette” in the USA and foreign markets through his distribution agreements with USA Inc. This product is a smoking alternative for a healthy life style for millions of smokers.
4. Board Memberships and other affiliations: CEO of USACIG, Inc.
5. Compensation by the Issuer: Annual Salary of CEO is currently not available.
6. Number and Class of the Issuer’s Securities Beneficially Owned by Each Person: None
B. Legal/Disciplinary History
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses): In 2005, Mr. Michaels plead guilty to money laundering for a check of $20,000 from a previous non affiliate company. In 2007 Peter Michaels „Modified Judgment in his Criminal Case, Plead Guilty to Conspiracy to Launder Illegal Proceeds and received 3 years probation, electronic Monitoring (home arrest) for a 180 days, $100 Assessment (satisfied 11/18/05) and a $2,000 fine (satisfied 11/18/05)
2.
hadesdog - it will be interesting to find out if the cancelled shares were just shares mikie already gave out to so called consultants so they could sell them.
If he cancelled the consulting contracts after hearing about the Gendarme illegal unregistered share SEC investigation.....that would explain where he got shares to cancel in the first place.
I think he saw things heating up, and did the share cancellation and claim of buyback plan. Me thinks almost all shares were not buyback, but cancellation of shares he already gave out and clawed back.
I would like to see if he got anything in return for the dilutive shares he gave out. Maybe he is avoiding financials so he won't have to disclose details.
Maybe there is more to the Gendarme SEC investigation, as I see Heathrow has pulled all press releases where they originally disclaimed any involvement.
Investment advocates? No one would advocate investing in Heathrow. So far, everyone that invested has been burned every time. The only ones that make money are the ones that Heathrow gives shares to at steep discounts, only to see them dump immediately to lock-in the profits.
The only thing they've done is get their business license re-instated on 5/13/2011 and file their list of officers.
They still have only $120.00 cash left, despite getting a $600,000 long term loan.....they spent it all.
Authorized shares are 5 billion
per pinksheets,
HPNN Security Details
Share Structure
Market Value1 $1,085,400 a/o May 13, 2011
Shares Outstanding 2,713,500,000 a/o Oct 26, 2010
Float 1,115,000,000 a/o Sep 30, 2010
Authorized Shares 5,000,000,000 a/o Oct 26, 2010
Par Value 0.001
Problem is: Nevada, their state of incorporation, has only authorized HPNN issue 2.5 billion shares.
Bigger problem: HPNN has issued more shares 2,713,500,000 than they have authorized.
Action Type: Amendment
Document Number: 20100106444-32 # of Pages: 1
File Date: 2/19/2010 Effective Date:
Previous Stock Value: Par Value Shares: 1,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 159,000.00 New Stock Value: Par Value Shares: 2,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 259,000.00
Great for what? They have no revenue and no viable business model or business activity.
Well, The CEO seemed to lie about no concern for dilution. He kept dumping and dumping and dumping shares while people belived him.
Then, right after someone revealed DD that he was massively diluting, he came out with the rush damage control PR that disclosed he actually was dilutiong. Shame on the CEO, but he got caught.
Nope - just run by a convicted felon that has many more shares issued than he has authorized.
PM typically pays stock promoters in shares. Just wait 'till they find out how hard it is to sell shares they got at a steep discount with a DTC chill on. Ouch.
Wow, shareholder advocacy? Well, I'm not a shareholder, but I have made a complaint or three. That's what the tiplines are for.
I also sought guidance before doing what I did.
They also thought the insider info comment I made was right on the money. Regulators often take quite some time to act, though, so I'm not expecting anything soon......or ever, possibly.
hadesdog - only Heathrow can pull the press releases from their own website.
I think some investors may be worried Heathrow may be facing some serious issues.
I'm not sure, but Heathrow should be concerned that they didn'tist the Florida jusgment liens as liabilities in their last financials. That alone is pretty serious, now that Sarbanes-Oxley is in place, IMO.
Dilution will ramp up once again.
as it does every time he feeds info, pumps, or uses his paid stock promotion services to help.
Sheep, so there is no Letter of Intent? Ouch.
With no LOI, and the CEO apparently feeding insider info to you, this thing is looking pretty bad.
Note that insider info is: Material NON-Public info. If one trades based on such info (or anyone else does), they might want to worry about insider trading problems.
This is what the SEC tipline was meant for.
Power - the Heathrow lies are so many, and their success so minimal (almost non-existant) that most will be dumping their shares as fast as they can.
Currently most can't buy or sell even one share.
They even pulled the PR that claimed they did nothing wrong in the SEC action against Gendarme. Ouch....if Heathrow isn't even proud enough to stand by their own press releases, there must be something terribly wrong.....again.
In the works? They pulled every 2011 press release that referenced share reduction.
Looks like they don't have any money for a buyback they promised, too.
Maybe they will just reverse split so thy can continue dumping shares, like they are known for.
Nope-Heathrow is basically a company that has failed in just about everything it has ever tried.
The chill would have been lifted long ago, had Heathrow not messed up so badly with dumping all those unregistered shares and put out all those questionable PR's (now removed from their website and most others).
product placement/ We don't know how much Heathrow is paying GNC for product placement. This may just be a trial where Heathrow loses money on every sale.
Trader -
with APCX's history of massive dilution and lies about dilution, it will be luck if it has a bid in 3 months.
They are not even getting much buying with the fluff pr's repeating basically the same fluff anymore.
Heathrow website filled with false info, IMO
SEC is asleep at the wheel again.
Then what? Then it is still a massively diluting company that has no success in anything it does.
Heathrow is known for making promises and projections, then just diluting instead of keeping promises or achieving a tiny fraction of the projections.
Ample evidence can be found by doing simple DD.
HRNF can't do a buyback. They also pulled the press release about all the share cancellations they were hyping.
Perhaps these were just shares they had already diluted by making an agreement with a lackey share pawn, then cancelled the agreement and tried to take back the shares.....claiming it was a real share reduction.
Heathrow has no money for a buyback, at last report. Looks pretty bad now that Heathrow is purposely removing all 2011 and most 2010 press releases.
Anyone get a similar email comment when asking a drug store if they carry Heathrow's gum? Simple DD, but quite the response.
We have contacted our brokerage representative and requested them to ask the Heathrow company to stop including us in their press releases.
If this is true, one could forward the email to Mikie. This might also tell him, if they aren't selling the gum there; to remove the representation that they are selling it there from their 'where to buy' page?
I think the company contact is: ooops, that's right. The company doesn't even have an email contact address on their website anymore.
No shorting(confirmed)
same as last reporting periods
HEATHROW NAT FOOD (HRNF) OTC Type: Other-OTC
Short Interest for April 15 2011
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
1 0.00 2,424,043 1.00
HEATHROW NAT FOOD (HRNF) OTC Type: Other-OTC
Short Interest for March 31 2011
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
1 0.00 4,127,841 1.00
Pagnano (CEO) removed all the press releases.....even from their own website.
What kind of company is so unhappy with their own press releases that they REMOVE them from their own website?
This coincidently happened at the same time that the press releases are GONE from pinksheets. Most are gone (all 2011 PR's) from Yahoo. Similar thing now happens on other sites.
I am not convinced by the explanation the "third party" gave.
3rd party that informed you is not correct. Yahoo would have removed all press releases from 2010.
I've already learned that Pagnano is not very good at putting out anything that one can believe.
He put out promises of pinksheets updates last fall, then early in 2011....then he pulled most press releases from his own website.
sure Seven, Heathrow removed all 2011 and most 2010 PR's from its own website.
Pinksheets removed all Heathrow PR's
Yahoo removed the press releases.
I was informed that Heathrow was basically a bogus pump/dump company since inception, but most reasonable investors already know that.
Stay tuned for more on the subject
Can't post a link this time. Could be the "event" channel disclosed he "heard". Doesn't look good, though.
I believe Pags is pulling the press releases, since I've seen no SEC suspension notice or anything else that would explain such a drastic measure being taken.
IHUB will be required to remove the PR's shortly.
Like I mentioned before, it takes IHUB longer to comply.
All 2011 and most 2010 press releases now have been removed from Heathrow's own website.
and shareholders are the victims here. Shareholders can't sell their shares, even if they wanted to. Most brokers no longer allow buys or sells of HRNF stock.
I wasn't calling it a scam before, but now.....?
An immediate explanation from the CEO is needed, although I'm not sure I'd believe anything Pagnano puts out anymore.
a PR or few? They removed ALL 2011 press releases and most 2010 press releases from their website. This is not just a few!
I agree with that possibility. They sure can't dump dilutive shares easily or easily use dilutive shares to pay for promotional activities while such a serious restriction from the DTCC is in place.
If those press releases contained false and/or misleading info, they also risk being suspended by the SEC, IMO.
Since they are late in providing pinksheet updates after promising them last fall and again in 2011, it will be interesting to see how they disclose the reasons for this latest serious development regarding press releases being removed.
They even removed the press release that claimed Heathrow did nothing wrong in the SEC vs.Gendarme illegal unregistered share selling case.
Without people reporting the company, after doing DD, Heathrow would be continuing what I believe to be their pump/dump type activities.
If their press releases are indeedd false and misleading, it is a positive thing if either regulator action or their own guilt made them remove the press releases.
Their past history shows a pattern of questionable stuff being put out. Their past seems to be catching up to them.
They even removed the press release that claimed Heathrow did nothing wrong in the SEC vs.Gendarme illegal unregistered share selling case.
Update on Heathrow PR fiasco:
Most 2010 press releases from Heathrow's website have now been removed, along with ALL 2011 press releases.
Looks like something very serious happened to Heathrow, IMO.
Will be interesting to see how Pagnano explains his way out of this serious development.
After reporting that I believed that the Press release from Jan 13th may be false and suggesting that regulators contact the 72 Drugmart stores in Ohio to see if Heathrow's product was being sold there (note: there are not 72 Drugmart Stores in Ohio), I think they may have actually listened to my suggestion.
Excerpt from the press release that caused my concern and attempt at DD to confirm that it was actually being sold there. Follow-up from others revealed that it was not being sold there and the mention that that company had its counsel ask Heathrow to not mention Drugmart in any press releases also made me question if the PR was indeed false.....
Note: the excerpt below is a press releae that has now been removed from Heathrow website and most other reputable financial news sites:
LAKE MARY, Fla. -- January 13, 2011
Heathrow Natural Food & Beverage, Inc. (OTCPK: HRNF) is pleased to announce
that its functional gum line of Acai Plus & Resveratrol Plus™ is now available
in all seventy two Drug Mart stores in Ohio.
Does it matter? It may take several days for IHUB to remove the press releases.
Moderator - please remove the 2011 press releases and excerpt below them from the I-box, after contacting the CEO to confirm that they should be removed. If the releases have been removed from Heathrow's website, they are no longer valid press releases.
Thanks, in advance.
redfisher - I believe the action to remove all Heathrow 2011 press releases may be a direct result of complaints to regulator tiplines and that Heathrow may have received notice to remove them. What other explanation could there be?
Heathrow has not disclosed anything to the public since Feb 2nd. Could they have received a Wells notice or notice of an investigation? If the PR's were false and misleading, that could be the reason they are removing everything from 2011.
Maybe the SEC investigation into the Gendarme illegal WEHI (now HRNF) and HRNF billions of illegal unregistered share sales is uncovering even more than we originally thought.