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And Heathrow doesn't pay its obligations - like the Florida judgment liens.
But they can claim they will do a buyback and put out pretty much bogus revenue projections, as they have done many times.
With only around $3,000 in cash left in their coffers, per last report, they are likely flat broke by now.
So the prototype didn't work very well?
Sounds like more jibberish to help dump more shares.
No, the company said nothing of the sort. The company has not put out ANY public info since Feb 2, 2011.
If the company wanted to put out info like that, they could simply get an IHUB account and post here.
Since HRNF reported it is almost flat broke, per latest financials, the may be having trouble paying for the simplest of corporate needs.
Yes reverse split planning may already be in the works. The DTCC chill is preventing them from doing a reverse split, or selling dilutive shares - both things HRNF is well-known for.
Mr Power - it will be heavy dumping once shares are able to be sold by the ones that can't even sell at any price right now.
That may not happen until 2012.
Wrong, Heathrow never said it would be carried in any GNC stores a few weeks back.
Heathrow hasn't put out any info to investors since Feb 2, when they became completely silent on all issues regarding the company.
Why speak with Ottens?
He is dumping shares fast and furious and obviously would love people to not dump their shares for a loss while APCX is dumping at steep discounts to the bid price.
If a mass selloff does not occur until it is at $0.0001, he will be able to dump billions more shares. The lower the share price, the more shares he has to dump to get the same cash he needs to stay afloat a little longer.
Just heed the warning posted on Heathrow's website about consulting with a physician before using their product. It makes sense to be on the safe side.
Until Heathrow. The CEO didn't disclose how much they may be trying to pay to get the product on an obscure webpage on GNC.
It looks like lofty projections common to Heathrow's promotional efforts will go down the tubes once again.
Simply doing a little math shows that those projections are pretty much bogus once again, IMO. Pags seems to rely heavily on gullible investors not being able to do that simple math. Just look at his past projections. Then compare them to the almost nothing generated.
I don't agree. How much is Heathrow PAYING to gwt their little ad on GNC? Did you know co's pay for similar product placement. Doesn't mean it will get shelf space. Might lose money on every pack of gum they sell....if they really sell any.
I'm guessing they will have to try getting individual packs for sale just to get any sales.
So far, they have tried to promote this thing for trial and likely paid product placement, with what appears to be no success.
Can't use any SSLC revenue on APCX's books, as long as they are just giving them money for no consideration.
Funny how he provided a first round of funding without disclosing if APCX is getting anything in return.
Dilution nightmare just getting started, and they may need to reverse split sooner than most thought.
Back to no bid again? Oh my.
Looks like little or no buying interest and most can't even sell their shares if they wanted to, due to the brokerages suspending all buys and sells of Heathrow.
How can they be dumping so many free-trading shares?
Exemption from registration? Not sure how these shares can be part of the 5 billion float.
I thought the CEO claimed shares would be restricted. If so, they would not be partof the float. Something strange going on with the share dumping.
Yep massive dilution and the CEO didn't even disclose what consideration APCX got for the cash they gave the learning company.
Looks like they will be dumping shares at a steep discount as long as they can find gullible buyers, or until it gets stuck on NO BID.
Then they will reverse split and the dilution nightmare you are seeing will continue....as the price continues to tank.
So they are starting all over with their app business. Ouch, that's not exactly good news, is it?
What will be the business model next week?
There are no shorts in APCX
Short Sales
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Mar 31, 2011 0 -100.00 339,349,111 0.00 No No
Smart money shorting to $0.0001
Although I'm not sure many have the money for the huge margin requirement for short sales on this one.
They seem more like an app re-seller to me. Good luck.
Do they actually create apps? I thought it was mostly just re-selling other developers/inventors' apps? Thus the 95% cost of sales, leaving very little or negative profit for APCX.
Yes, he will increase dilution and will reverse split, so the stock price can go even lower and he can continue to dilute. He just disclosed, in his paid promotional interview, that a reverse split is possible, even though he mentioned they have no current plans do do so immediately.
Those holding shares may find they can't sell for 1/10th their initial investment. In a year, they may find their investment is worth 1/100th (or less) of what it is worth right now.
Welcome to the world of pink sheet stock promotion and massive dumping of shares at steep discounts for cash to stay afloat a little longer.
WINGMAN - Misleading statements by CEO Ottens?
4/6/2011 - Why, just one day after an investor posted evidence that APCX has been massively diluting the share pool again, did Ottens decide to do his paid promotional interview? Looks like he got caught with his dilution and had to react quickly to slow down the shareholder dumping and disgust with his "no dilution concern" claims he made on 3/17/2011.
AppTech Corp.'s CEO Mr. Eric Ottens Featured Guest on StockTalk101 Radio
3/21/2011 - note that tons of shares were issued. Maybe not to SSLC, but likely for cah (dilution)
The investment is all cash and will not include AppTech issuing any new stock to SSLC.
3/18/2011 -trasparency? LOL
The Company will continue to follow its policy of maintaining regulatory compliance and providing transparency to the investing public.
3/17/2011 -Restricted? then why is the float increasing so fast?
If these shares are restricted, shouldn't they not be part of the float? No concern about dilution.....LOL....yet they have been increasing dilution exponentially?
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.
That's right -he did promise the attorney general he would pay for all those prize winners and he failed to pay.
Could get mikie in a lot of trouble.
Stop-No information
Below is the warning listed on pinksheets, when you view the Heathrow quote. Note that the CEO indicated that paperwork would be ready first week in February so pinksheets could be updated. Apparently the CEO failed to deliver the promised info once again.
Stop-No information
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months.
Pink Sheets No Information includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
No bid support at all
a few shares traded again?
Most can't bid, buy, or sell this stock. Huge problems stifling Heathrow's usually dilution they do this time of year. Can they even raise any more cash, now that Heathrow doesn't seem to be able to sell, either?
i doubt financeers would even give Heathrow cash now,knowing the shares likely can't be flipped....with few buyers and heavy selling pressure.
That's not what the warning on Heathrow's webite says.
It indicates that anyone using their product should consult with a doctor.
The only ways I can think of....
1. They were issued as restricted, then the investors maybe had a lawyrer's letter to allow the restrictive legend to be removed and then the shares may have been sold.
2. The 2 billion shares they got back from recision were used to give out at a steep discount for cash (dilution). Then see #1 above.
Still not sure why the float would increase so fast, though.
Pure speculation on my part, but maybe someone else can offer an idea.
Kinda scary warning on Heathrow's website - not sure I'd want to use a gum that you have to consult with a doctor before using.
*ACAI, Resveratrol & Maqui are not FDA approved to treat any disease and all users should consult with their physician prior to use.
Is Heathrow lying about the chill on their website? They claim they are DTC eligible....LOL
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.
Oh really? I believe most brokerages will not allow buys or sells or deposits of shares from the restricted share deal Pags did with shareholders previously.
HRNF.PK is now DTC eligible
Are you sure about that Mr Pags? Didn't they drop the cussip # for Heathrow?
http://www.heathrownfb.com/investors.html
Please post the link to where the "word is" is published. Or is this just speculation?
HRNF hasn't been putting out any information publicly in a long time. And they have failed to folow through on their promise to update pinksheets. What happened there?
Yes the interviewer was Terri. There also were others and one with a disclaimer linked to that promotion firm.
It is concerning to me that the float is now rising so fast? Are they dumping mostly free-trading shares? Now that they are in dilution mode, maybe they will even raise the share authorization so they can dump even more. If so, they will have to race to dump shares before it sits on no bid.
Then they will only have the reverse split to let the dilution go up exponentially.
Trading suspended by most brokerages - no buys or sells of HRNF for most traders holding HRNF
Looks like the CEO really dug a hole this time. Pretty hard to pay the bills or stock promoters with shares when they can't sell the HRNF shares.
The DTCC chill has pretty much shut down HRNF's share dumping plans.
Pretty hard to argue with your logic.
It is also a bit puzzling that there seems to be little concern for HRNF financials not including the Florida judgment lien liabilities. I'm pretty sure there will be concern if their liabilities are not disclosed in their next unaudited financials, from feedback I've received.
APCX paid for the interview with cash and shares
Virmmac, LLC had been contracted and has been paid $1,500.00 for IR and social media exposure on APCX
Virmmac, LLC had been contracted (90 days) and expects to be paid $1,500.00 per month and will receive 50,000,000 restricted 144 shares for marketing awareness on APCX
Me thinks it will mean a flurry of press releases to try to get it to $0.0001 so they can keep dumping shares like they are doing.
Now that we know they lied about dilution concerns, it makes me wonder what else they are going to try to get gullible investors to buy some of the tons of shares for sale.
Companies pay for these kind of interviews, often to help them dump even more billions of shares.
The fact that he is giving out freely-trading shares and the float is going up fast should of great concern.
There is no short interest and no shorting.
One share out of the 7.3 billion shares HRNF has reported are issued is so statistically insignificant, that is is puzzling why anyone would even question the fact that there is no shorting or short interest.
Shares Outstanding 7,289,762,180 a/o Jul 06, 2010
Float 4,500,000,000 a/o Jul 06, 2010
Authorized shares = 15,000,000,000 (per Heathrow's CEO)
They did have a bid at $0.0001 for a little bit, but likely it is just the requisite 5,000 shares minimum bid, and may just be a player trying to make it look like real bid support.
Manipulation like this from traders is common with thinly-traded, non-reporting pink sheet stocks that don't provide adequate public info to investors.
Yes, he said no current near term plans for R/s, but he did say that could be a possibility in the future.
If they keep diluting like they are doing now, they may have no choice.
When it sits at no bid, $0.0001 ask, they may have to consider a reverse split once again, IMO.
So they may reverse split?
Leaving the door open to that, per the CEO