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But so many app re-sellers like Oronoco already have much better business models and many are backed by big companies....Oronoco is not.
The PR's about sales seem designed to help dump even more shares. They even pay stock promoters to help the dump, IMO.
Because the CEO is a crook, a convicted felon, still serving his sentence.
He is known for putting out things that one needs to pick apart.
Yes, changed for the worse.
So many things that heathrow puts out that never happen.
One of the lousily-run companies out there.
And they don't pay their court judgment obligations. I suppose if they think that just because the law doesn't have easy ways to sieze assets, they will continue to avoid paying what they admit they owe. I wouldn't trust a company that does not pay its obligations.
Maybe the ecig (distributor )co Peter was the ceo of recently has an east coast mail drop box they do business from like hop-on does?
Remember, the ecig co was announced and he didn't initially disclose he was the ceo of that company, too.
Must have some more shares to dunp.
the deal is only with a 3rd party peddler that will try to sell the products to other distributors.
They failed to tell investors if there were any deals to actually sell retail product.
Nope, the margins are tiny....and that number of 5% is just what is left after cost of sales from Oronoco. They also will get more charges from the parent company, etc.
$0.0002 not too far away
Just how many shares will get dumped at these high prices?
great time to short
financial may no be the only bad news coming, IMO
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.