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HOP-ON's massive dilution must have caught the attention of some. I wonder if they filed any kind of registration for the shares, or are still trying to cliam exemption from registration? Exemption rules now make it more difficult to claim such exemption from registration.
Sure hope Pagnano includes all those Florida judgment liens as liabilities in the next financials. Court judgments are not discharged simply because a company defaults on payment and changes its name and ticker. Bankruptcy could help shield them from those creditors/lien holders, especially if they have few real assets to sieze, IMO.
Will they register a bunch more shares again?
and what financeers would ever give HRNF money for shares, knowing the abysmal dilution track record and history of huge reverse splits that destroy shareholder value for anyone trusting what Pagnano says?
Trying private equity funding once again? LOL
Can HRNF do this massive dilution without raising the share auth to 20 billion shares?
Just remember what HRNF adds to the standard disclaimer, and uses to justify basically never meeting their so-called projections....
The Company disclaims any obligation to update or revise any forward-looking statements.
Key words = share restructuring
I'm guessing HRNF will simply do yet another reverse split, so the share price can tank once again.
Be very worried if they do this now, or within a month or two. You will notice that they typically keep the authorized share limit at the same level, while dumping as fast as they can into any orchestrated fluff PR blitz.
Red, the one I posted about got 200 million shares (9/12/2010) for 2 weeks of stock promotion services, per his/her 17B disclosure.
I'm guessing there are more paid promoters that got shares, too.
It would be interesting to know who the "third party" is that paid one of the stock promoters (Guru Trader). Guru is likely to sell before HRNF goes back to NO Bid, $0.0001 ask. The fluff Pr's seem designed to slow the PPS decline so they can sell their shares at $0.0001.
From his/her disclaimer....
Rule 17B requires disclosure of payment for investor relations. LevelStock.com has been compensated on 9-12-10 two hundred million free trading shares valued at twenty thousand dollars for two weeks of advertisement for Heathrow Natural Food and Beverage, Inc. from a third party. LevelStock.com has not sold any shares.
Look at what HRNF did after the float reduction PR of January 5 2010. They simply kep diluting and diluting and diluting.
I see they failed to do a float reduction after that one, too.
http://ih.advfn.com/p.php?pid=nmona&article=40970651&symbol=HRNF
Restructure (does this mean a reverse split will be announced on Oct. 4th?)
We all know what happened after ALL previous buyback fluffies (massive dilution).
From one of the latest PR headlines......
Heathrow Natural Food & Beverage, Inc. to Initiate Share Buyback and the Restructure of Its Common Shares
Those unaware of the CEO's dilution business model
one more post from less than 1 year ago. HRNF is a dilution & reverse split nightmare for anyone that bought shares.
Those promoters will sell if they can get anything above $0.0001. Then they dissapear after their 2 weeks or so paid service.
.....................
By: rs4racing
19 Oct 2009, 01:44 PM EDT
Rating: Msg. 5033 of 5049
Jump to msg. #
HRNF - forced to raise share authorization
They now havew 5 billion shares authorized, and their current outstanding share count is well above 2.6 billion shares.
Apparently, investors who believed Pagnano's buyback and no dilution needed press releases now see their shares worth even less, and are a muvch tinier shares of the bloated share pool.
They may need to raise the share auth to 10 billion,, then 15 billion soon.
The share price is already headed toward $0.0001, then will be NO BID as the dilution increases at a horrid pace.
(Voluntary Disclosure: Position- Short; LT Rating- Strong Sell)
blast from the past - scary, huh?
By: rs4racing
02 Sep 2009, 01:32 PM EDT
Rating: Msg. 5024 of 5049
(Reply to 5021 by luckydog633)
Jump to msg. #
lucky - is the next resverse split already in the works, or will HRNF just raise the share auth from 2.5 to 10 billion, so he can contine to pay stock promoters with hundreds of million of shares to help him dump even more shares for cash to stay afloat?
reesie - Do some DD, and the doubt is obvious.
I'm guessing they will announce another reverse split soon. HRNF is well-known for dumping shares and then destroying shareholder value by doing reverse splits and immediately diluting the shares so the stock price moves quickly back to $0.0001.
Pizza- bloated share structure and HRNF's track record of putting out fluff PR's simply means they are again dumping shares on the unsuspecting bagholders, IMO.
Anyone check with the Transfer Agent to see if they are at the 10 billion share limit already?
The paid stock promoters pumping obviously means the so-called third party was hoping to finally get a bid for HRNF. It was at NO BID for quite some time, just like the last times just before they do their yearly reverse split.
You can bet the promoters will be dumping HRNF as fast as the gullible will buy them.
Ancually it names Heathrow directly. Heathrow does business in Florida. It is located in Florida, and any assets are likely in Florida.
uranium. Maybe you cab ask him about all those judgement liens from not paying prize winners, etc.? Do you think he would try to tell you that because they went into default on those, they still don't owe the money?
Here is just one of them (can be found at Florida's sunbiz.org). I see this one was just filed in August, and expires in 2015. Another expires in 2012.
....................
Judgment Lien Detail
Processed Thru 09/17/2010
To determine if a writ of execution on a final judgment was docketed with a sheriff prior to October 1, 2001, view the filing image.
Filing Information
Document Number J10000854676
Status ACTIVE
Case Number 37-2008-00095106-CU-BC-CTL
Name of Court SUPER COURT CALI. SAN DIEGO CO
File Date 08/18/2010
Date of Entry 02/01/2010
Expiration Date 08/18/2015
Amount Due $219,743.79
Interest Rate 06.00 %
Name And Address of Judgment Creditor (Plaintiff)
GOLDEN GATE INVESTORS, INC.
1795 UNION STREET, THIRD FLOOR
SAN FRANSICO, CA 94123
Name And Address of Judgment Debtor(s) (Defendant(s))
HEATHROW NATURAL FLOOD & BEVERAGE, INC.
7025 CR 46A, SUITE 1071
LAKE MARY, FL 32746
Document Number: F08000004202
WGL ENTERTAINMENT HOLDINGS, INC.,
7025 CR 46A, SUITE 1071
LAKE MARY, FL 32746
Document Number: F08000004202
Remember when they were projecting membership revenues from their golf model?
Then from their other stuff like stem cell fluffies?
They may be selling shares into the market right now. Their other buyback plans have not amounted to much of anything. In fact they actually dumped billions and billions more shares (See 1/6/2010 PR). Believe any of their "will pledge" or will reduce the float comments at your own peril, IMO.
Remember what accompanies HRNF fluffies?
The Company disclaims any obligation to update or revise any forward-looking statements.
I'm guessing they are diluting as fast as they can. They often do this if they can get someone to finally put in a bid for the shares....
Sorry Canon7, the float is at least 5 billion, and you can only imagine how high the O/S count has risen to.
Check the latest from HRNF (Updated 7/6/2010). Float was updated (approximated) to 5 billion in their latest fluffie.
Here is the info from 7/6/2010.
Outstanding Shares
7,289,762,180 as of Jul 6, 2010
Authorized Shares
10,000,000,000 as of Jul 6, 2010
Float (shares)
4,500,000,000 as of Jul 6, 2010
Number of Shareholders of Record
103 as of Jul 6, 2010
You can't buy HRNF shares at many brokerages, from info I've seen. Why would anyone want to. They've been diluting and fluff Pr'ing for years. How many reverse splits/ year has it been? Each time they again dilute the heck out of it, leaving even more bagholders with almost-worthless shares.
Read their Jan 5th PR to see what is happening to bagholders again. Look at what their share count was then, and look at it now.
Nope, probable close to 10 billion outstanding shares. At least 7+ billion OS, as of last update to pinksheets dot com.
Remember the last time the claimed buyback.....ouch!
Outstanding Shares
7,289,762,180 as of Jul 6, 2010
Authorized Shares
10,000,000,000 as of Jul 6, 2010
Float (shares)
4,500,000,000 as of Jul 6, 2010
Note: HRNF now claims float is around 5 billion shares.
Remember this excerpt from their 1/1/2010 fluff PR?
.......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, ........
They've issued billions and billions and billions of shares since the statement in January from the CEO. LOL
I'm thinkin' they will be dumping billions more. Just watch out for the next reverse split, IMO any guesses? 500:1 or maybe 2000:1 this time?
Arthur. We know at least three have left feedback comments on Amazon. At least 1 person actually bought a chip....LOL...
Shouldn't they have reported expenses or sales on at least one?
Anti-radiation chip called snake oil from Amazon feedback....
Aha~ Pure fraudulent snake oil, for my phone!, June 28, 2010
By Evan Nino Mapoy - See all my reviews
This review is from: Anti Radiation Chip for Cell Phones
Seriously, an anti-radiation chip for cell phones? What's it made of? pure lead that causes a magical force field to cover the phone and the phone only? Please. Anyone buying this is wasting their money. If you're concerned with SAR radiation, then use the money you were gonna throw away by buying this and instead invest in a bluetooth headset or bluetooth speakerphone. A simple google search will debunk the "Anti-Radiation Chip for Cellphones." Don't be the sucker who buys this. Help other customers find the most helpful reviews
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Comment
1 of 2 people found the following review helpful:
It boggles the mind, June 23, 2010
By K. JENNINGS "synthetoonz" (Davie, FL United States) - See all my reviews
This review is from: Anti Radiation Chip for Cell Phones
This is pure snake-oil. Hokum. A scam. Fraud. Hoax. It boggles the mind how anyone can think a tiny button can stop the wide field of radiated energy from a iPad, cell phone, or huge TV.
Is HOP-On restricting online sales in Oregon? If not, they also could get in a bit of trouble.
That other company was completely banned and had a pretty hefty fine assessed.
The shares likely to be issued if they ever acquire usacig (peter michaels other company) may not be freely-trading. The dilution that has been occurring has been hop-on's shares issued for cash to stay afloat a little longer. Hop-On is pretty much flat broke (less than $500 in cash left).
So HPNN has less than $500 in cash left? That's what I see in their latest report.
Just how many billions of shares will they issue for the acquisition? Looks like major dilution coming once again. Ouch.
Correct, they will reverse split, so the share price can resume a speedy decline in price and they can continue to dilute.
and now there are close to or more than 8 billion shares issued/outstanding.
Pretty disheartening to many, IMO, when now find shares pretty much worthless and the bloated share pool is getting closer to the limit once again.
Why would ANYONE participate in HRNF, knowing their business model seems to be dumping billions and billions of shares on unsuspecting investors, then reverse splitting to allow the value of the shares to plummet?
The recent PR's seem to be a prelude to another reverse split announcement. Probably a 1:300 reverse split coming.
They may suspend trading in PYCT, then revoke the shares like they've been doing with so many pinksheets co's that refuse to provide timely financial updates.
Planning a reverse split at PYCT
Probably a 1:300 reverse split, but it looks like they will not be able to do anything like this until they become current in their financials.
So, PYCT will remain at NO BID with pretty much no money left, at last report.
george - no shorts or naked short problem at PYCT
You already know this, but still spew those claims?
You already know that you can't dump your shares because PYCT is and has been at NO BID for a long, long time.
With between 21 and 25 billion shares issued and no evidence of any funding from any entity, it looks like PYCT is already ready to go down.
and the judgment against hop-on is now in effect. There is only a limited time to file to set aside any default judgment, and that time varies by state. Some states say 30 days, some 90 days, while some give up to one year.
My point is still this. Hop-On was the one that sued. Requests to have a default judgment set aside are usually filed by defendants, not plaintiffs. If Hop-On ever files, the judge will laugh them out of court.
Where's the fund for HPNN's lawsuit they lost?
Hop-on filed a law suit against a prior acquisition for Fraud and Breach of Contract. The opposition received a default judgment against Hop-on. Hop-on, will file to set the default aside and pursue litigation.
anybody wonder why HOP-ON filed a lawsuit, then decided to never actually pursue the lawsuit, resulting in hop-on losing the suit in a defualt judgment against hop-on?
What kind of lawyer(s) does hop-on employ that file lawsuits for hop-on and then automatically lose them because hop-on likely fails to show up to argue their case?
It is pretty hard to believe that hop-on would be able to get the judgment set aside, since they were the one to file the lawsuit and also were the one to fail to show up and argue the case. Judges typically only allow set-asides for those that can argue they didn't know about a suit.....HOP-ON was the one that actually filed the lawsuit.....LOL another blunder by Peter Michaels, I guess.
WITH THE REVERSE SPLIT, SO THE PPS CAN RESUME TANKING
Hop-on is basically flat broke.
GEORGE - PYCT = MASSIVE DILUTION AND IS LIKELY FLAT BROKE
PAYCHEST - not in good standing
Arizona Corporation Commission
07/14/2010 State of Arizona Public Access System 9:31 AM
Corporate Status Inquiry
File Number: -0948960-2
Corp. Name: PAYCHEST, INC.
This Corporation is NOT in Good Standing for the following reasons:
2010 ANNUAL REPORT WAS DUE ON 05/04/2010
READ THE LATEST FINACIALS
This is where they admit only $418 in the bank and Peter Michaels conviction.
Yep, they owe a ton of money now and have only $418 in the bank.
That massive bank overdraft must not have sat well with PM's felony probation officer, either. Do you think that is why he resigned? He had a money-laundering conviction previously.