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HRNF benefitted. They got around $825 in cash from the company that got caught dealing with HRNF's shares.
They did give away billins of shares at a steep discount for cash.
They failed to investigate adequately Gendarme prior to signing the deal with them.....twice.
HRNF has a history of this kind of dilution and seems to spend all the money each time, with almost nothing left....only around $3,000 cash left at HRNF's last update to shareholders.
HRNF is pretty much flat broke.
Correct - no bid support
Just an almost-worthless penny stock who's reputation seems to be for diluting zand reverse splits and destroying sharesholder value, IMO.
The company doesn't even pay obligations it admits it owes. It seems to prefer to hype buybacks that include buying a few shares, then deciding to dilute the stock to no bid fast...all while investors are believing the buyback story as the stock price tanks. Thext thing they know, there are billions more shares in the share pool and the company does a big reverse split.
Then APCX will reverse split and the PPS can drop right back down to the $0.0000's.
WOW - dilution confirmation
Massive dilution with a lot more dilution likely. Maybe even a reverse split as it drops to no bid.
Apparently chill was NOT lifted
No reinstatement for HRNF's cussip number is listed on any DTCC daily update for dates searched from 3/15/2011 through 3/23/2011.
Trading nicely? Nope, it was at no bid for much of 2010, although the fluff PR's got it a bid for a couple days.
It could be at $0.0002 very soon.
Too bad it is so expensive to short (large margin requirement for penny stocks like this)
Page 10. the special classes of shares and conversion rates are also disclosed. Ouch.
The nature of Oronoco’s business is such that Cost of Services will be approximately 95% of revenues.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45760
So Oronoco 95% cost of sales? Only 5% left before other charges? Oh my.
I see they neglected to disclose that in those fluff press releases hyping revenue.
Lots of dilutive share supply for sale, and the promoters APCX curently employ also got a lot of shares to sell.
The DTCC restrictions in 2010, or the latest one in 2011?
HRNF is having all kinds of problems.
global dilution/ That is more likely, as massive dilution is what HRNF is known for.
I'm guessing he will also pay some promotional newsletters in shares to try to slow down or at least mask the heavy selling expected.
financials must be pretty bad to have this much delay from when they promised the pink sheets update
Didn't they say first week in February? What happened?
They finance through shares issued - dilution
Just because they are not giving any shares to that company, doesn't mean the money isn't coming from dilutive shares at a steep discount for cash that the company uses to pay for the acquisition.
cajun - they sold 1.5 billion shares for net proceeds of $280,000.
Isn't that an avg share price of $0.000187 ?
CentPennie - I see they actually issued 1.5 billion shares for cash. And the CEO says they were for acquisitions?
Who's DD?
-read the company's report, dated March 11th, published on March 13th,2011. Page 10, first paragraph. The nature of Oronoco’s
business is such that Cost of Services will be approximately 95% of revenues.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45760
I wasn't worrying, or telling you what to do. I was just responding to your post and providing info that there are 0 shorts.
When someone suggests shorts will cover, and there are no shorts, that message deserves a response.
Good luck
They don't need to cover, as the PSS is likely to continue to drop, based on recent DD about the apps company only having a 5% margin on their sales....before other charges are taken.
but there are NO SHORTS - 0 shares short
See below
Short Sales
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Feb 15, 2011 0 -100.00 55,099,019 0.00 No No
No reverse split? No change in dilution?
We already have evidence of recent dilution from the required disclosure of a stock promoter doing IR for the company. 50 million shares for 90 days-worth of services. I'm guessing there are a lot more promotional shares-for-services things going on, too.
As for a reverse split; companies put that stuff out all the time. They claim no plan for a reverse split, yet are often forced to when their share price gets stuck at NO BID after fluff PR's and market awareness services cannot prop-up the share price amid massive dilution.
No monthly newsletter, no medical advisory committee?
This claim has been on Heathrow's website for a long, long time. Still see no evidence of actual members or a newsletter or if they are paying committee in shares or cash.
Heathrow Natural Food & Beverage, Inc. will form a Medical Advisory Committee which will consist of Medical Doctors, Holistic Doctors & Health Care Specialists which will provide our customers with professional advice on the benefits of the various Super Foods used in Heathrow Natural Food products.
In addition, the Medical Advisory Committee will contribute to a monthly newsletter to educate our customers relative to a Healthy & Active Lifestyle.
I think they will keep diluting, then need to reverse split.
Right now the price may be so high bcause investors may not understand that Oronoco's cost of sales is 95%. The company puts out frequent PR's talking about revenue, but failed to disclose in those PR's that they may be losing money on every app sale (by the time one subtracts cost of sales and other charges that are subtracted in accounting.
the company "fundamentals" (if the word fits) were almost the same as they are today - catchmeifyoucan
Well, I believe part of that is true. They appear to have $0 sales and have a pattern of massive dilution and not keeping shareholders updated....just like before.
hadesdog re: drugmart
Heathrow still has the mid-march claim on their own website.
I didn't see any other mention of this mid-march thing in a press release. I noticed that Heathrow's website does not actually contain updated information and often has completely incorrect information, IMO.
Here is the only mention about drugmart mid-march from heathrow.
http://www.heathrownfb.com/wheretobuy.html
Note the other retail partners they claim they have, too. DD seems to indicate differently. I wonder if any of those companies knows Heathrow is calling them "partners"?
Fire Lane - that promoter appears to have been paid by the company. I'm guessing a lot more dilutive shares have been given out for promotion. The PR's and recent promotional activity lead me to believe many of the 2 billion rescinded shares will be going right back out into the dilution (share) pool. Companies often get promoters involved when they have a lot of paper to unload on unsuspecting investors.
We also know that there are tons of shares available from past management and the 1.5 billions of shares they diluted in one transaction.
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 IR and social media awareness APCX
Does Oronoco actually develop any apps?
With a cost of sales of 95%, this resembles a re-seller of apps, not a developer. The competition and tiny margins among app re-sellers does not lead me to believe they will make any money off of this venture.
RE: The sales figures for the first half of March actually beat the expectations. -Jobrano
Well, we now know that Oronoco has a cost of sales of 95%, so there is almost nothing left after that.
I'm thinkin' $0.0002 may be too high for this stock
Learned quit a bit from some simple DD. The company PR about message board opinions didn't raise my opinion. Price seems much too high.
PS No dilution occuring at these daily volumes. - seven tenEleven
Why would discounted shares issued from Heathrow show up as trading volume? doesn't the seller have to sell to a retail/other buyer to have a trade show up on the tape?
Which of these 3 businesses registered w/shares in Nevada is the one this message board is for?
Entity Name NV Business ID Status Type
APPTECH CORP NV20061369523 Active Domestic Corporation
APP TECH GLOBAL, INC. NV20091467570 Active Domestic Corporation
APPTECH USA NV20101754562 Active Domestic Corporation
type in APPTECH in the Nevada business entity search. You can also view all the actions and amendments there, too.
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
The TA for APCX won't give out information on the share structure?
That's not a good sign, IMO.
APCX cannot use funds from dilutive issuance of shares to buyback any shares.
They could rescind contracts for services and claw-back some shares and put them back into treasury to make it seem like a buyback, but I am not counting on them being able to do this much more.
Greenhorn cost of the app co's revenue is 95%. That leaves only 5% for net before parent co expenses.
If you read the sentence about low margins(profit), you may see what I mean. They do not have 95% profit on this at all.
It would likely be even lower than 5% profit, with all the other charges accounting rules allow them to take even after 95% cost of sales is accounted for.
I responded to the claim of no dilution
I showed exactly where there actually is dilution.
The shares they issue go into the share pool, period. Whether it carries a restricted label on it for a little while is makes no difference, as it is part of the OS count.
So far, in that one trasaction, it appears as if they issued more than the entire share pool's-worth from 2010. Now that is what I call dilution.
Correct - retail shorting a pink like this requires a huge margin....not easy for most shorts.
and MM's can short or limited naked short as they create a market, but they don't really do it to make money.
The latest PR about "half-truths" and evidence that they are paying shares (50,000,000) for "market awareness" signals to me they have tons of shares to dump and may want to keep the share price from tanking for a little while longer.
I think so. They raised the share authorization for a reason.
The apparent failed 2009 buyback/share restructuring plan and subsequent massive dilution make me think they are doing the same thing all over again. They have relied on dumping dilutive shares for cash for years and years, amid stratospherically-high revenue projections that failed to materialize.
Simple DD on the company led me to believe they have a similar massive dilution agenda once again....and investors seem to find out the bad news much later.
the company makes revenue, is NOT diluting, will not dilute in the near future and will not
do any RS.- daytona45
Actually, it appears that they are diluting now. 50 million shares just to one entity.... Excerpt from a compensated awareness post disclosure by TerriF - just click on the link provided to see the disclosure by this poster.
January 2011
Virmmac, LLC had been contracted and has been paid $1,500.00 for IR and social media exposure on APCX
February 2011
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 IR and social media awareness APCX
I wouldn't rely on company projections, especially with their track record in that area.
No dilution? are you sure?
They could easily be paying shares for services or promotion, hidden by some of the rescinded shares they are supposedly cancelling.
They also have not disclosed how many warrants they issued in the 2nd half of 2010 for potentially-dilutive shares. Warrants do not show up in the share pool, but sometimes cause the company to increase the authorized shares to makes sure they have enough authorized to cover the warrants to be converted to shares.
HRNF has almost no money for buybacks, as reported by the company's financials. They cannot use money generated by shares issued for financing to do any buyback of shares.