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SevenTen - there are no shorts in HRNF
Paid promoters often try to get people to think there are short positions that would have to be covered. There are none.
Yes, I read it. Same tactics used before the 2007 (1:100), 2008 (1:200), and 2009 (1:300) reverse splits.
Massive dilution of the share pool and failed revenue projections/buyback announcements often accompanied those tactics.
Expect a flurry of PR's to help them dump billions and billions more shares. Also, beware of so-called restricted shares. Pags tried that in the past, also. Many know how that turned-out. Some had terrible experiences trying to convert them, all while the share price kept moving to no bid.
Wasn't no bid partu of the reason the recent Pr's were issued? Can't dump shares nless someone will promote and deceive newbies on sites like this, IMO.
Yes, HRNF (or the mysterious third party) is known for using paid promoters.
Funny, the mysterious third party that loaned HRNF money in the past turned out to be Pagnano himself.
no jim, they are not
You can easily go back to previous fluffies to see where they claimed they would buyback and reduce the float. Ultimately they diluted billions and billions more shares and did big reverse splits in 2007, 2008, and 2009.
One can also see what they did in the period ending June 30, 2010. No 3rd quarter filing in Nov 2010, either.
................
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.
jim- similar to the 2010 failure?
Why believe the lasted fluff, when they projected the same sort of thing numerous times in the past?
Instead, they diluted the stock to almost-worthless EACH time.
........................
Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce that it expects sales of its Super Food Anti-Oxidant Gum Brands & Natural Fruit Bars to exceed $10 Million Dollars for 2010. Both products are set to roll out over the next thirty days and will be available in major retail outlets around the country. International distribution will begin in 2nd quarter of 2010 and include Canada, Western Europe, Eastern Europe, Japan, Australia, China and Western Africa.
Additionally, HNFB will again begin to purchase its common shares in the open market to reduce the float by 95% or 2.5 Billion shares. This will be done over the course of the next 6 months. Also, HNFB has engaged counsel who is representing 75 plus pink sheet firms to reverse decisions by Scottrade and E-Trade which currently do not allow buy orders for HRNF and several other sub-penny stocks. This decision by the two online brokers is not directed at HRNF directly, but sub-penny stocks in general.
"We look forward to an explosive 2010 where our products will stand out in a crowded Natural Food market place and deliver the revenue needed to propel HNFB to the next level. With steady revenue and the open market buyback of the majority of our float, we should see our PPS move significantly higher in 2010," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. We are also planning on strengthening the HNFB management team with the addition of both marketing and finance executives in 2010. We would like to take this time to wish all of our shareholders a very Happy New Year and look forward to providing you with increased shareholder value in 2010 and well beyond.
Yep,red, same old non-disclosure tactics and so-called revenue projections. We all know that dilution typically accompanies mikie's so-called revenue projections.
I see the pumpers don't want people to look at past revenue projections and the fact that HRNF doesn't ever seem to even get even a tiny fraction of those revenues.
Any future revenue should be going to pay money owed to judgment liens against the company. Apparently Pags seems to imply he doesn't owe the money simply because he defaulted (failed to pay). sunbiz actually shows HRNF still owes the judgments.
Dusty - technicals do not apply to thinly-trade often no-bid sub-penny stock co's with little disclosure. Those trying to dump their shares with less loss often use barchart to help them promote or otherwise get others to think there is a reason to buy, when the promoter already knows that barchart's analysis means nothing with stocks like HRNF.
Seven - short interest is basically nil (1 share)
HEATHROW NAT FOOD (HRNF) OTC Type: Other-OTC
Short Interest for December 15 2010
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
1 0.00 0 999.99
4.5 billion (or alot more by now) float!
Your arguement doesn't seem to be supported by the facts. Buying interest is just not there, as many already know that HRNF puts out fluff PR's and then almost-immediately seems to dump billions more shares.
I think they will also announce another reverse split soon after the stock goes right back to no bid, like it usually does when people find out the company is actually dumping shares amid buyback fluff.
Redfisher - the paid stock promoters are also required to disclose here if they are paid by HRNF or a third party (like a major shareholder or the CEO).
The CEO is already owed a lot of money by the company (loans and back pay, etc.).
There is a likely reason the CEO did not take stock.....he knew they would be diluting as fast as gullible investors wee willing to part with their money. He likely knew that shares would soon be only worth pennies(or fractions of a penny) on the dollar. This shows a total lack in confidence by the CEO in shareholder value going forward, IMO.
SevenTen - inventory is not tight. There are close to 10 billion shares out. Huge float. Note the big red stop sign warning (No Information) on pinksheets dot com and the fact that HRNF has failed to update their share structure since early July.
Buyers beware of HRNF PR's
Previous buyback and float reduction PR's have resulted in....
1. Massive dilution amid fluff pr's and what appears to be a history of bogus revenue projections.
2. HRNF still owing huge money to past prize winners and others - see jugement liens against them in Florida.
3. Repeated increases in shares authorized, with little disclosure that this is happening.
4. The same old disclosure caveat that allows HRNF to avoid following-through on previous fluff PR's....."The Company disclaims any obligation to update or revise any forward-looking statements."
One only has to read their previous buyback announcments and float reduction promises to see that they are aleady likely dumping even more dilutive shares amid the recent fluffies. Billions and billions more dilutive shares await those that believe what HRNF puts out to their gullible followers and newbies,IMO.
HOp-ON disposable was actually a disguised Nokia phone.
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/03/29/BU13539.DTL&type=business
Maybe that is why they have not been an registered exhibitor (under the hop-on name) at that trade show since. They claim they were there (just not with a real booth) since, and I even think they registered under Grafitti wireless once. Nokia would probably had them laughed out of the exhibit hall.
hadesdog
I think one may be able to place an order to buy or sell shares through the broker (by phone). I'm not sure one would have any luck selling at $0.0001, though. Too much massive dilution and Mikie's track record as headwinds, IMO.
Just like Mike to have his wife post the only product review.....LOL
Pretty much doesn't matter for hop-on sales, IMO. The only material sales I think about is that obviously massive dilutive sale of HPNN shares going on in 2010 and the recent doubling of the number of authorized shares. Nothing about this doubling on their Nevada business filings, so far.
This dilution is material to common shareholders because:
1. their owned percentage of the total outstanding share pool decreases as shares are printed fast and furiously by the company.
2. new shareholders with possibly discounted shares or shares for promotion or other "services" can often be selling as soon as they can, to lock-in profit. This puts a lot of shares selling pressure into an already-hesitant pool of potential buyers. Result...the share price continues to slide.
3. Unknown relashionship with HOP-ON's leader and USACIG. Does hop-on get any actual money from them....ever? Haven't really seen any, yet.
Looks like Peter will have to warn people of the glycol poison and any carcinogenic stuff and/or other toxins in electronic ciggies....at the distributor...and at his other company
And yes, any internet ads will have to include similar product warnings. Makes sense to me.
Great post.
The stock is revoked (worthless)
All you can do is have your broker remove it as worthless, and take the loss against other gains on your tax filing.
I was mostly thinking about how, after reading those past PR's, anyone could believe much of anything they say anymore. That's probably part of the reason there is often no bid. That, and the dilution thing.
redfisher. What about that world cup gum signed contract (Dec. 2009 press release) Shouldn't that 80,000 carton "sale" be reflected in their next statement, or at least in their accounts receivable (if they didn't get paid)?
I've not heard of any product actually produced for that contract, though. I've not seen any further mention of the event and the gum, either.
The last sentence in the disclaimer by HRNF in each press release comes to mind, as it seems to be relied on quite often.
Raising the share auth to 5 billion shares.....
Could they be preparing to give 2 billion or more shares for USACIG, or are they just diluting for money to keep the doors open and pay their $30/month mailbox rent? Either way, dilution is rising exponentially.
Problem is: During the year 2010, the Company issued common shares as described below:
The Company issued 1,610,000,000 common shares ranging from $.0045 to $.0003
Note that this appears to NOT include the 1/2 billion plus shares issued since period ending 9/30/2010 initial discosure statement.
Since restrictions on holding shares (time period) have been dramatically reduced, one can bet that those 1.610 billion shares can be sold or soon can be sold. Dilution will be added to the float once those shares are sold into the open market and are likely to drive the share price to No Bid soon.
Has hop-on registered those billions of shares they diluted?
Or are they relying on an exemption from registration? I see no filing registering those billions of shares.
Do it's thing? Nonesense, IMO.
Hop-on dumped well over 1/2 billion shares since their period ending Sept. 30, 2010
Correction - 2.49 billion shares auth as of 2/19/2010
Now share auth is 5 billion, as of Oct. 26, 2010
SRV-90 5 billion shares authorized per pinksheets.com, under "Company Information" tab
It sometimes takes a few days for Nevada to process and post amendments raising share authorization
HOP-ON's update to pinksheets does indicate 2.7 billion shares outstanding
This would mean this is the 3rd time they have raised the share auth. in 2010.
HOP-ON raised authorized to 5 billion shares?
Unfortunately, I do not see an amendment on the Nevada SOS website reflecting this. Last amendment, earlier this year, raised auth to 2.29 billion shares.
Confirmed - much more dilution - ouch
from pinksheets
HPNN Security Details
Share Structure
Market Value1 $1,085,400 a/o Oct 26, 2010
Shares Outstanding 2,713,500,000 a/o Oct 26, 2010
Float 1,115,000,000 a/o Sep 30, 2010
Authorized Shares 5,000,000,000 a/o Oct 26, 2010
Par Value 0.0010
Shareholders
Shareholders of Record 334 a/o Sep 30, 2010
Remember this 2009 buyback PR? LOL
Looks like dilution was going on shortly after their previous fluffy was put out.
we all know that billions and billions more shares were dumped by HRNF after this PR
Heathrow Natural Food & Beverage, Inc. Announces Share Structure
Market Wire "US Press Releases "
LAKE MARY, FL -- (MARKET WIRE) -- 03/24/09 -- Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce the current share structure as of today, as verified by its transfer agent. The current common shares outstanding are 220,146,013, of which 150,000,000 are restricted until March 20, 2010 . The float as of today is 70,146,013. The company does not plan on raising the float above 20% of it's authorized of 750,000,000 or 150,000,000. These additional shares will be used to retire the outstanding note with DLC Capital of $125,000 , which will make the company debt free and not require the further dilution of shares to pay down debt.
"With revenues expected to satisfy the companies capital needs over the next several years, convertible debt which causes tremendous dilution will not be necessary. As revenues permit, the company will initiate a share buyback program to bring the float down to 10% of authorized shares or 75,000,000. We strive to create shareholder value both through our share structure and Heathrow Natural Super Food products," said Michael Pagnano, CEO of Heathrow Natural Food & Beverage, Inc. "We will keep shareholders informed on a regular basis going forward though both press releases and the Investor Relations section of the companies new web site which is under development."
HRNF -were 35 million shares outstanding in March 2009
now there are between 7.2 billion to 10 billion shares out.
Remember this hype PR from Pagnano
Now you know why many choose to NOT believe much that Pags spews.
Heathrow Natural Food & Beverage, Inc. Board of Directors Approves 95% Reduction in Authorized Shares From 15 Billion to 750 Mil
Date : 03/16/2009 @ 8:30AM
Source : MarketWire
Stock : Heathrow Natural Food & amp; Beverage, Inc. (HRNF)
Quote : 0.0019 0.0 (0.00%) @ 8:31AM
Heathrow Natural Food & Beverage, Inc. Board of Directors Approves 95% Reduction in Authorized Shares From 15 Billion to 750 Mil
LAKE MARY, FL -- (Marketwire) -- 03/16/09 -- Heathrow Natural Food & Beverage, Inc.
(PINKSHEETS: HRNF) is pleased to announce that its board of directors has unanimously approved a reduction in its authorized shares from 15 Billion to 750 Million. This 95% reduction reflects a focus on returning shareholder value and limiting any future dilution of HRNF shares. With only 35 Million shares outstanding, Heathrow Natural Food & Beverage, Inc.
will focus on several major acquisitions in the wellness food market as well as the promotion of the summer national airing of the WGL Million Dollar Shootout (MDSO) reality television series.
"With our debt now at manageable levels, it is not necessary to maintain such a high level of authorized common shares. The company will soon be able to sustain its growth from earned revenue and will not be in a position to have to raise capital from the dilution of its common shares in any form," said Michael Pagnano, CEO of Heathrow Natural Food & Beverage, Inc. The explosive growth of Exfuze www.exfuze.com/heathrow, coupled with the MDSO national airing and several planned food and beverage acquisitions/partnerships will provide the platform to profitability and shareholder value for 2009 and beyond. We value the continued support of our 6,000 plus shareholders and look forward to restoring confidence and value as we move forward with our strategic objectives.
About Heathrow Natural Food & Beverage, Inc.:
Heathrow Natural Food & Beverage, Inc., is a national distributor of natural food products such as Exfuze, a very popular nutritional beverage.
HNFB is based in Florida and generates revenue through online and call center sales. HNFB also owns WGL Entertainment, the producer of the WGL Million Dollar Shootout reality television series.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Heathrow Natural Food & Beverage, Inc.
jims- HRNF will need a reverse split
They have close to 10 billion shares issued and outstanding, with a 10 billion share max. authorization
HRNF has said no reverse split in the past, only to do a 1:100 in 2007, a 1:200 in 2008, and a 1:300 in 2009.
After each reverse split, they kept the share auth the same, which meant more massive dilution and the share price moving right back down to No bid, $0.0001 ask.
Pagnano has helped destroy shareholder value through his serial business failures multiple times.
jimstock - proof See post #26918 by GuruTrader
Then go to the "compensated awareness post" link to see the 200 million share payment disclosure.
and no, I do not know who the 3rd party is, or if they have anything to do with HRNF, other than owning some shares.
again jim, I'm not slamming you at all. I'm just pointing out that it is generally understood by those in the industry that technicals simply don't apply to sub-penny stocks that dilute billions of shares regularly while suggesting a buyback is in place.
Only you can decide when and with what company you can even rely on TA. The paid pumpers will rely on you to make the decision to believe such nonsense as "oversold".
Do you even know how many shares have been added since July, or how many are needed to satisfy that "funding" they are now seeking? Without that info, an oversold TA rating cannot even be relied upon. It seems as if almost EVERY share traded is a dilutive share issued by the company. Go back 9 or 10 months from the July '10 update on share structure to get a feel for this trend.
jistock -believe at your own risk.
Pagnano previously claimed to have "landed" two distributors the DD led to NO ONE actually proving those two co's even existed. My resources and searches could finding NO evidence that they existed.
Try a little DD yourself. See if you can find either of these "Premier" companies HRNF has signed agreements with, as reported by the CEO in Oct., 2009. Let us know what you find.
...from Oct 7, 2009 PR, including a quote from the CEO himself. Bold emphasis is mine, just because.
....
LAKE MARY, FL, Oct. 7 /PRNewswire-FirstCall/ - Heathrow Natural Food & Beverage, Inc. (OTCPK: HRNF) is pleased to announce that it has signed agreements with two new distributors who will service several major retailers in the U.S. Market. First, MCIM Trading of Plymouth, MN will have distribution rights for Target Stores and the Super Value Supermarket chain, both of which are headquartered in Minneapolis, MN. In addition, TP Global of Seattle, WA will have distribution rights to 7-Eleven, Inc, Bartell Drug Company, Costco Wholesale Corp., Fred Meyer Stores, Quality Food Centers and Safeway Inc. Together this represents a retail network of over 13,000 stores nationwide. Distribution of ACAI Plus & Resveratrol Plus is scheduled to begin in the middle of November with production running at 200,000 units per month per brand.
"We are thrilled to have come to terms with two premier distributors who have the capability and relationships to place our functional gum products in some of the best known retailers in the country", said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. We will continue to strengthen our distribution channel as we prepare for product rollout and introduction
.................
shak - simply go back to the last pump/dump during and just after the PR's about so-called sales projections. Read the pumper messages during this time. This was disclosed by one of the paid stock promoters, as is required by IHUB rules.I do not feel like looking for the info again right now.
Projections from HRNF? One only needs to look back at Pagnano's past projections to see how they NEVER get more than a few pennies (or less)on the dollar of what he (a supposed business man) has projected.
jim, you believe those sales? I do not, based on what HRNF spews so often.
Could a third party be generating those so-called sales? A third party has been paying stock promoters - one got paid 200 million shares to help pump HRNF.
What happened to the world cup gum order HRNF claimed it "landed"? LOL
HRNF is not oversold
Technicals do not apply to a company that dilutes billions of shares when they claim buyback (see Jan 6th PR)
There were two trades yesterday, one trade on Wednesday. Currently no bid at all.
Now they disclose they need more funding. They don't even have enough shares authorized to accomplish equity funding that they say they need.
They say no reverse split,yet all other times they said this they indeed did reverse splits so they could dump even more shares on the gullible.
They don't even disclose their judgment lein liabilities on their unaudited finacials. Pagnano has no excuse for this, since the leins are public info and service appears to have been made to make Pags aware. Any CEO that claims they do not owe money they agreed to pay simply because they defaulted on notes or are ignoring judgements rendered, shouldn't be running a public company IMO. You can bet that if HRNF had seizable assets, the creditors would be going after them.
One risk of relying on pinksheets dot com for HRNF financial info
from the Company Info tab:
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Audited Financials Audited
Latest Report Jul 06, 2010 Quarterly Report
Regulatory Agency Deregistered a/o Oct 18, 2007
CIK 0001171176
Fiscal Year End 12/31
OTC Market Tier Pink Sheets Limited
..............
Note that pinksheets still lists HRNF as audited, although I do not believe they've provided audited financials since well before they were dumped from OTCBB to the pinks (years ago). Pinksheets requires updates from the company, so I believe it is Pagnano's responsibility to provide them with correct information. I'm not at all surprise he has failed to correct that outdated info, IMO.
redfisher - doesn't HRNF owed Pagnano close to the total market cap of HRNF now (deferred compensation or loans by 3rd party)? Apparently Pags is the 3rd party.
Will this affect the LOI to buy the ECIG company (Peter's other co)?
Still no audited financials. Anyone surprised?