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There is no such claim "to consult your doctor before using the product". - SevenTenEleven
Seven - just correcting your statement about the warning about Heathrow's products. You claimed there was no such warning. Pagnano should also correct the statement about "cure any disease" and include the words "prevent or cure any disease" to be in compliance with FDA and FTC requirements for products like he is peddling. Pags gum has not been tested to prevent or cure anything. POM got in trouble for making similar claims as what Heathrow is claiming.
Yes, I do know he will reverse split. Once this gets stuck on NO BID, he will have no other choice....just like he claimed happened with the last reverse split.
And he PR'd that they had given the FIRST round of financing to the learning software co, with no details on whether APCX got any consideration for the money they gave.
Maybe they will try to give more and more of those special classes of shares they have, too. At least some of those are convertible to multiple common shares per special share.
cpw -Re:dilution
The CEO will likely increase the authorized shares to 15 billion next, which will drive the PPS to no bid, $0.0001 ask.
He may also reverse split within a few months, so he can continue the dilution as the PPS resumes tanking.
Without a reverse split, he may not be able to dilute, even if he issues discounted shares at $0.00005. Once the share price gets stuck on no bid, APCX will have trouble unloading their dilutive shares at any price.
all users should consult with their physician prior to use.
This warning comes right from Heathrow's website.
Like more dilution and another reverse split?
When they do their next reverse split (1:300?), the stock price can fall even faster, as they dilute shareholder value into the ground.
That's why Heathrow warns about using their product without first consulting your doctor.
I agree. Couldn't happen to a more deserving company and CEO.
Maybe the SEC is looking even deeper into those hundreds of billions, if not over a trillion (split adjusted) shares issued for cash over the years.
The company has never had a successful business model, and is unlikely to have one anytime soon.
Read their latest financials to get a clue as to when they were issued and when the 2 billion shares were rescinded when they cancelled the acquisition.
Re-issuing them (some) was after that
It looks like many were re-issued as free-trading shares, but I'm not sure how they could rely on exemption from registration.
It was lifted on 3/15. The notification from DTC is going out today. (3/22)
If that was an email from the CEO, it was obviously a lie.
The DTCC has not reinstated Heathrow's cussip and the restrictions remain in place, per a search of all DTCC notices in March and April.
What happened to those restricted shares? Did they lie or just issue a token number (few thousand $'s) of restricted shares?
We have reissued some shares mostly for acquisitions but these are 144 shares that are restricted for one year from the date of issue. Our basic share structure has not changed since the beginning of the year. There is no basis for the concern regarding dilution.
a little late for DD on this one.
The hurried paid promotional piece they did one message board users reported that the company was diluting heavily after the CEO guided that there should e no concern of dilution is very telling.
Would he have even disclosed the dilution until they issued unaudited financials had investors not reported (through the TA) the exponentially-increasing float and outstanding shares (dilution)?
That kind of corporate behaviour raises huge red flags.
Maybe you can get some of the billions of free-trading shares being dumped into the float, too.
You could also look at the SEC's litigation release today to see how a company could dump shares for cash and not have a restrictve legend or have it removed.
Still puzzled as to how APCX now has over 5 billion in their float, when they claimed acquisitions were with restricted shares in a recent press release.
back to no bid again
looking pretty bad for the company.
There are a lot more O/S and the float is over 5 billion shares already, per TA.
It is not audited financials
Again, no disclosure by APCX
No clue if they have even a tiny stake in the superstar company. It is obvious APCX paid for this fluff PR, though. They wouldn't be adding the APCX ticker unless APCX paid for the promotional press release.....LOL
Will be looking forward to continued guidance.
Not sure I could take more of the guidance put out, but I do look at it for entertainment purposes.
OK, APCX probably has all the answers to how the dilution happened and how much they got in return and if the shares are now unrestricted. It should be explained in notes to their financials. One penny stock I followed had this happen to them.....
edited
Dumping-
The repeatedly-acquired deeply-discounted shares from penny stock issuers under the pretense of a long-term investment were then dumped into the market, essentially effecting public stock distributions without complying with the disclosure requirements of the federal securities laws. The agreements gave the trader the right to purchase stock at 30 to 50 percent discounts to the market price. The SEC alleges that, in an effort to avoid the registration and disclosure obligations of the federal securities laws, the company falsely represented to issuers that it was purchasing shares for “investment purposes only.” Contrary to those representations, the trader quickly dumped most of these shares on the public markets, profiting (big profit) from its unregistered stock distributions.
I agree about the PR's, but the CEO claimed no pump and dump association recently, so I have to believe him.......um, well I'm sticking to that right now.
I just can't understand the quick float rise. I'm not sure how, without the opinion letters, the shares could be free-trading so fast w/o disclosure. Maybe the next unaudited financials will shed more light on how many shares for how much and the relationship with the financeer(s).
They haven't hit. The sales were added to the OS on the 12th and 15th of April. There would be around 1-2 weeks before the buyer could sell(Stock cert issuance, Attorney letter, deposit with broker) - jmurfk
I'm still puzzled by all the unrestricted shares added to the float.
Is this the time it takes to get legal opinion letters in support of the penny stock trader's activities? If the recipients of the dilutive shares repeatedly informed stock transfer agents that they are not an “underwriter” and thus have no intent to sell the stock, then they could obtain shares without trading restrictions.
I'm guessing a flurry of press releases will happen to try to slow the PPS tanking.
Heathrow has been putting out bogus projections for years, while dumping billions of shares at steep discouts just to stay afloat a little longer.
Heathrow seeing no bid most of the time
No volume most days, too.
Not buying any gum made in China, like Heathrow's gum is.
Buy USA products instead, whenever possible.
Those 1.5 billion shares were not part of the SEC complaint against Gendarme and the illegal unregistered Heathrow shares.
The Gendarme 1 billion Heathrow shares were from earlier in 2010. Read the SEC litigation regarding the HRNF shares and you will see that the Gendarme 1 billion shares was issued by Heathrow earlier in 2010.
Yes, they dumped 1.5 billion shares at $0.00005, disclosed in their latest financials
Warrants and Options Exercised
During the three months ended June 30, 2010, options to purchase 1,500,000,000 shares were exercised for cash proceeds of $75,000.
Since Heathrow has been dumping shares at $0.00005, you would still be paying twice as much as Heathrow was dumping shares for.
I guess Heathrow doesn't value their shares anywhere near as high as those paying $0.0001 per share.
I wonder if he will fix the little problem of currently having more shares issued than their state of incorporation has authorized.
Shares Outstanding 2,713,500,000 a/o Oct 26, 2010
from Nevada SOS
Financial Information
No Par Share Count: 0 Capital Amount: $ 259,000.00
Par Share Count: 2,490,000,000.00 Par Share Value: $ 0.0001
Par Share Count: 10,000,000.00 Par Share Value: $ 0.001
Now the felon CEO can focus on his business of selling shares to the gullible.
Will APCX dump another billion shares in the next 2 weeks?
Watch for a flurry of press releases as they exponentially have increased dilution, and will continue to dump 'em fast.
well, the so-called golf memberships they were hyping turned out to be mostly a deal with Upwon (G. Calvi) giving shares for cash to Pagnano's company.
Then he did another deal....wasn't Calvi a co-owner of Heathrow natural (with Pagnano) just before Pags did the deal with himself?
Maybe the Gendarme SEC action has the SEC digging even deeper? Strange silence by the company since Feb 2nd.
Heathrow is still lying on their website about DTC eligibility and claiming the brokerages no buy or sell directives are not directed at Heathrow.
Maybe he has no cash to pay the IT guy/gal to update the website with correct info, or maybe he is lying on purpose to mislead.
Heathrow confirmed 15 billion shares authorized. This is the same info that Delaware (their state of incorporation has).
Heathrow was going to have all paperwork to update pinksheets by the first week in February, but they decided to go completely silent after Feb 2nd. Not even one bit of information disclosing why they are unwilling to update pinksheets or anything else.
Yes, they already lost if they bought Heathrow shares.
The CEO has been destroying shareholder value for years. It is about time that the DTCC took the second serious action against Heathrow.
I guess the chill they had on Heathrow in 2010 wasn't enough.
Note: very few penny stocks get the same action against them twice within a year. Not good at all.
APCX has only 1 employee? William Ottens?
Or all the investors contacting TDA about Heathrow finally did the trick.
Thanks to all advocates that reported heathrow.
Still waiting for those important issues I brought up to become sticky posts. Until then, feel free to pay the Delaware fees and do your own DD on the 15 billion share authorization the company also confirmed.
So, after serious DD, Peter (CEO of hop-on) decided to not do a deal with Peter (CEO of USACIG).
Looks like he made the right decision to not do business with himself. He sure hasn't had any success with much of anything.
So did you read Heathrow's 2009 buyback claims and compare that to the billions and billions of shares they dumped while the hype machine was working overtime?
Kinda like their recent hype.....until they stopped releasing any information to the public after Feb. 2nd.
I know, I read those past Heathrow PR's, too.
No proof, etc.
There are quite a few shareholders that must have that negative opinion of the company.