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shak - O/S is 15 billion shares
The CEO even confirmed it.
Seems the CEO is now afraid to put any info, now that the DD was revealed showing he failed to include all their judgment liens as liabilities in their latest (and older) financials.
The regulators could already be asking him about that little problem, IMO.
Everything looks positive? So massive dilution of the share pool and an exponentially-increasing float is positive?
Massive dilution is just starting. The CEO even finally admitted that shareholders now can have concern for dilution. Prior to that he said deals were all cash and there would be restricted shares, etc.
Looks like it didn't take long to prove he lied. Did those getting massive discounts on shares from the company REFUSE to accept restricted shares?
Or were they not real investors, and Ottens designed his share dumping scheme so they could immediately dump all those shares?
Reverse splits = kiss of death for penny stock.
Smart money was probably shorting before the R/S, knowing about those special classes of shares and that stocks tank after reverse splits.
They've diluted and are diluting heavily since the last fluff PR-induced pump.
They also will need to dump billions more shares soon.
There is no planned A/S of 500 million shares.
Heathrow is known for putting out bogus projections and then diluting shareholders with billions and billions more shares.
Nope, info was not released by the company. Hearsay is just that. No proof whatsoever there was any info or conversation from/with anyone from the company.
I no longer believe anything released by the company in any form, based on their history and actions in recent and past info they spew.
The company has not put out any info since Feb 2.
Power - not a chance. HRNF would then be around 50-72 million market cap. Not a chance that its price will go that high.
It will be lucky to see $0.0002 again.
Do the match, then think about it.
Gotta press release because he has tons more dilutive shares to dump.
Still no details on whether APCX has ANY stake in learning co.
Just that they may keep giving them money,obviously from dumping shares at steep discounts.
Many of those that bought before the major action against HRNF by the DTCC may not have wanted to hold this long.
The PR hype was being temporarily believed, some could sell at $0.0001. All those shares HRNF dumped (diluted) for half that price could finally sell at $0.0001. Life was good.
Then the DTCC action was re-imposed....ouch.
Now most couldn't sell if they wanted to.
And anyone actually believing what was relayed in a supposed conversation has probably not done their DD and is not heeding the SEC advice against reliance on info not released by the company to the public, IMO.
They might be a bit concerned that Heathrow put out financials that neglected to include the judgment liens in Florida as liabilities. Do you have an opinion on that issue?
There may not be many adding, but there will be a lot of selling. I'm guessing I'm not the only one that has a negative opinion of this company.
The CEO probably gets a lot of calls from people upset they can't even sell the almost-worthless HRNF shares if they wanted to.
and the film machine is for just that. They still have to buy or rent and configure production machines to incorporate the film into the final product, the package it under sanitary condition, make sure the UPC code is correct for each country they try to sell it in.....
oh my, this product development is getting expensive, and how will we get the money for machines, when we had to have another company put a down-payment on the machine we are supposedly having set up for film production.
Sounds more like a share-selling effort, rather that trying to make a real company and sell something.
Actually chill NOT being lifted.
Per DTCC, no evidence of being lifted.
The restriction and drop of cussip (chill) was lifted only for a short time, then was imposed once again. I believe they had restriction for much of 2010. Not a very good track record for a public company, IMO. Of course the CEO may try to blame everyone but himself.
I have a little trouble believing him.
hadesdog - the SEC warns not to rely on information from non-company sources. Manipulators and others who are trying to get someone to buy their shares often get caught putting out material non-public information or fake press releases or reported conversations with insiders.
The SEC suggests relying on information from the company in the form of financials and notes to the financials. Press releases in pinkyland and from Heathrow should also be taken for what they are designed to be....promotional or required public disclosure. One can determine how credible they are from looking for patterns of truth, misleading info, or lies during the history of control by the particular CEO.
Banks typically don't give money to pink sheets stocks, because of their high risk and almost no real assets. Using equity (shares) as collateral introduces the risk that a reverse split or dilution may make these shares almost worthless. Most banks won't expose their shareholders to that kind of risk.
Financeers may be willing to give money to a company if they can get free-trading (unrestricted) shares at a steep discount. The financeers then typically dump their shares as fast as they can, to lock-in their profit.
Complete silence by the company since Feb 2 is cause for concern. Not one communication from the company. I wonder if the SEC's action against Gendarme and the the warrant conversion and unregistered sales of billions and billions of Heathrow and WEHI(now Heathrow) shares for cash given to Pagnano's company has basically put a chill on any Heathrow public disclosure?
I believe there is too much "reading into" going on. - karma2
From a shareholders' perspective, I tend to agree. Those hoping to dump their shares at a price higher than they bought them may want only the percieved positive fluff to be available to new potential shareholders. This might have happened prior to message boards and electronic media, but is not the case now.
People sort through the fluff and often quickly find what appears to be misleading stuff, then report what they find in the form of opinions posted to message boards.
Good luck
I don't plan to move on. I like doing DD, even if I own no shares and have no financial interest in the shares going up or down. While it may seem strange, it is entertaining to me.
Good luck.
What the CEO said seems more than a bit misleading to me. From other's comments, it appears they feels the same way.
It looks almost like the typical pump & dump, which the CEO said no one in his company would participate in. My observation and experience with similar fluff leads me to not believe what APCX has put out in PR's and their paid promotional efforts.
karma - can you see any evidence of more than a few hundred thousand shares being locked-up for a year?
Disclosure from the transfer agent seems to contradict the restricted share theory.
of course, dilutive financing is what public companies with few assets and little cash do to stay afloat.
The big problem is credibility. When the CEO indicates there should be no concern for dilution and that they have issued restricted shares (not part of the float), then we find that the float is growing exponentially, I find it hard to believe any of the fluff they are spewing.
Dilution is a big concern.
So is this,in a statement by the CEO.
We have reissued some shares mostly for acquisitions but these are 144 shares that are restricted for one year from the date of issue.
So why is the drastically-increased float so close to the number of outstanding shares? Aren't restricted shares not supposed to be part of the float.
And how could he be getting around the requirement for registration of the new free-trading shares he has been issuing so fast? What exemption could he be possibly rely on? Only the SEC may know for sure, unless someone can get an answer from William Ottens.
One patent that was pending had appeared on the WIPO web site (World Intellectual Property Organization) was recently discontinued by the licensor in favor of a superior design solution resulting in a new patent application.
Maybe it was discontinued because they had patent problems and could never get their film patented. I don't see how any new patent application will help them get around the fact that they may be using someone's intellectual property.
Now they are back to the drawing boards, possibly another 2 year setback. Meanwhile, they had a third party try to put down a deposit on one machine. Does PYCT not have any more money left for product development, and how much of the company are they giving away for someone to put down a down payment? Third parties do not do this out of the goodness of their heart...LOL
Correct, the chills was lifted only for a short time, then was imposed once again.
Here are two apparent misleading items from Heathrow's own website (Investor Relations tab)
1. Currently there are several online brokerage firms who will not handle deposits or buy orders for HRNF. This is based on each individual firm’s policy on handling sub-penny stocks and not directed at HRNF directly.
2. HRNF.PK is now DTC eligible.
1. O really? The fact that the DTCC dropped the cussip for Heathrow and imposed severe restrictions was directed directly at Heathrow.
http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/a7147.pdf
2. This, on their website, is completely wrong. See link above for the proof that it is NOT eligble....the cussip has been dropped.
Most cannot buy or sell Heathrow shares
Listing the few brokers that accept the risk of clearing their own trades does not mitigate the fact that most investors can now neither buy or sell Heathrow shares.
If trading someday resumes, the mass run for the exits will happen, only to find that they will have trouble selling even at $0.0001.
Of course Pagnano will use his paid stock promoters and bogus projections, like he has done so often, to try to slow down the sellers for a little while.
This was only the first round of finacing. Expect dilution to continue, then possibly a raise in the share authorization. More likely is a reverse split because a raise in the A/S won't help him dump more if the PPS is stuck soon on No Bid, $0.0001 ask.
Since APCX's dilution has historically been on shares sold at a steep discount, the downward price pressure will continue.
This is not unlike what happens with convertible debt deals, or what some call toxic death spiral financing.
The CEO was riding his "No concern for dilution" fluff press release.
Then someone doing their DD reported that APCX was actually dumping tons of dilutive shares instead.
Then Ottens hastily put together a paid promotional piece (he called it an interview...LOL) to try to slow down the dumping and appease those shareholders that started calling him a liar again.
Screaming dilution? The massive dilution is now a known fact....and it was found to be going on BEFORE Ottens finally decided to disclose it in the paid promotional "interview".
karma2 -he will reverse split so the PPS can rise, then fall fast amid even more exponentially-increasing dilution (like is occuring now)
Someone? Conspiracy theory again?
It has had many zero trade days, been often at no bid, and has seen almost no buying interest for quite some time.
It is trading at $0.0001 for good reason....namely the failed projections and business history of the company.
Does it matter if a few can buy? Obviously there is very little buying, and most shareholders couldn't buy or sell shares if they wanted to.
Heathrow obviously can't get its act together at all, can't updated pinksheets as promised, and went strangely completely silent (no communication with shareholders at all).
Maybe the SEC told them to quit putting out stuff like they have been doing.
More likely no bid, $0.0001 ask.
Most can't even dump their shares if they want to.
There are reasons the DTCC exits the cussip for a security....to protect investors. Then brokers ban buying/selling of the security, again to protect investors.
And CEO's dumping shares for cash at a steep discount is not a dilution concern? The CEO flat-out lied to investors.
Only after someone here did DD and posted info from the TA that the company is again diluting at exponentially-increasing rates did the CEO come out. He then PAID for his promotional "interview" to explain, but did not apologize for the no dilution concern lie.
Shame on him. Shame on anyone else that believed the company. And shame on anyone that does not learn that he is continuing the massive dumping of shares.
Still not sure how they can get away with adding so many shares to the float. Didn't the CEO claim shares would be restricted? Obviously they are all being added to the float and do not appear to be restricted.
yes, the bogus share buyback was announced. I think they bought some shares, but then we found that they were actually dumping shares as fast as they could....amid the hype.
It is different if IR or a promoter were touting the stock while actively selling shares or helping a company dump shares for cash.
Reminds me of the Pino schemes.
No bid now more common
Heathrow Natural Food and Beverage, Inc. HRNF OTC Pink No Information / Common Stock 0.00010.00 ( 0.00%) Real-Time OTC-BBO No Inside x 0.0002 ( 1 x 1) Trade Time Apr 11, 2011
Shareholder value will decrease. Giving out shares for cash at steep discounts by the billions does not increase value. Heathrow is well-known for that tactic, all while making lofty projections they will never meet.
If they were ever required to give back much of the cash they got for shares issued, the company would have difficulty. Everything seems to get spent as fast as they get the cash. I doubt this will every happen, but the billions and billions and billions of shares issued in the Gendarme SEC case raises a bit of a caution flag. That and the sudden silence by Heathrow since Feb. 2 and the refusal to update pinksheets as promised.
APCX could have had a similar problem, because their resigning officer was immediately able to have the restrictive legend removed on his special shares. Then they could be immediately sold. If APCX didn't have enough authorized common shares, the TA couldn't allow those shares to be part of the share pool.
Nevada is pretty easy to become incorporated and easier to reverse split or double your share authorization.
I see this company seems to have three Nevada corporations with similar names...Interesting!
Two are run by Ottens, and one by Chris Chu
(type in AppTech in the search query to see them.
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
and scams are common with pink sheet stocks. some give out shares at steep discounts for cash, then pay promoters with more shares to tout the stock to help absorb some of the shares being re-sold quickly.
Some even pay for promotional interviews with shares from co's that do not disclose it isn't really an interview, but a scripted hype scheme.
APCX seems to already be doing similar things like the "interview" right after DD showed APCX is quickly dumping more and more shares....all while claiming shareholders should have no concern for dilution.
They won't max the O/S at 7.5 billion shares. They have to keep a reserve to cover conversion of all the other classes of shares at their conversion rate.
Since they are incorporated in Nevada, they will simply reverse split or just raise the share authorization to 15 billion shares.