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Probably not that low. Someone will put in some $5 trades at the ask to artificially prop-up the price.
Moderator - please update I-Box with latest share structure
From Pinksheets.com, under "Company Information" for HRNF:
Outstanding Shares
4,956,063,957 as of May 28, 2010
Authorized Shares
10,000,000,000 as of May 28, 2010
Float(shares)
4,500,000,000 as of May 28, 2010
Number of Shareholders of Record
103 as of May 28, 2010
he's watching more than the message board.
I truly believe the lack of PR's were due to people/shareholders filing formal complaints/tips about those PR's where he was claiming distribution with co's that no one could seem to find actually existed, among other complaints about PR's, IMO.
The World Cup PR was simply comical.
What telecom business? HOP-ON claims it developed the first disposable....LOL
Do they mean the phone that actually was a disguised Nokia phone that HOP-ON got caught trying to peddle? No wonder they don't actually formally exhibit at CES show booths....I think they would be ridiculed and once Peter was called the cell phone guro only as an inside joke, IMO.
Plus the product is just snake oil. When you see the "as seen on TV" label, you can probably guess hop-on is again peddling stuff. Is Peter the new Billy Mayes?
widezew - massive dilution of the share pool at hop-on. Try doing a little DD and you too can figure this out, all by yourself.
I have confirmed it, but not that is officers or directors dumping to line their pockets. Me thinks it is discounted shares for cash to stay afloat a little longer, plus shares for services.
The oustanding share count has been skyrocketing. This is confirmed dilution. Since HOP-ON had $0 cash reported and no sales, one wonders just how many more shares have been being dumped (by the company) with each fluff press release?
Do you think HOP-ON is claiming exemption from registration of all those dilutive shares?
With the way they issue those unaudited financials once in a while, it is unclear if they are really claiming exemtion from registration of all the shares they have been dumping.
Still can't order/buy anything on hop-on website, contrary to what they suggested in their press release.
catch - HOP-ON can't claim that the anti-radiation product they are re-selling protects humans from radiation damage.
The Federal Trade Commission already has taken action against a company making claims that a similar product actuall protects people (see excerpt from one of my previous posts)
Looks like HOP-ON is really trying to put out fluff press releases to help them dump dilutive shares on the gullible and unsuspecting. Shame, shame.
The little anti-radiation screen scams have been beeing peddled by many already.
Since it has already been proven that those kind of add-on chips or devices do little or nothing, the new snake oil salesmen already are treading on thin ice with the history of the trade commission going after those who have been making such claims.
The lawsuits charge that the defendants did not disclose in their ads that the majority of electromagnetic energy emitted by cellular and cordless phones comes from the antenna and parts of the phone other than the earpiece. The two companies also failed to tell consumers that their products have no effect on this electromagnetic energy, the FTC said.
Two companies that allegedly prey upon consumers' fears of radiation exposure through the use of cell phones have been taken to court by the Federal Trade Commission (FTC), which charged the firms with making false claims about their mobile phone safety shields.
According to the FTC, there is no scientific proof that the coin-sized metallic fiber patches placed over the earpieces of cellular and cordless telephones significantly reduce exposure from electromagnetic emissions.
In fact, the agency said, devices that block only the earpiece or another small portion of the phone are ineffective, because the entire phone emits electromagnetic waves.
Further, the FTC charged, the shields may interfere with the phone's signal, causing it to draw more power and emit even more radiation.
Investigation Widens
The FTC is looking into other companies making similar products, said Serena Viswanathan, staff attorney for the agency, who added that the number of such "shields" sold in the U.S. has not yet been determined but will be introduced in the trials to be held in Florida and California.
"The FTC is not taking a position on whether electromagnetic emission from cell phones is dangerous to consumers, because more research needs to be done before reaching a conclusion on the issue," Viswanathan told Wireless NewsFactor.
"Our point is that consumers who are concerned about this should know that the products made by the defendants do not work."
No Scientific Evidence
In the separate court actions filed against Stock Value 1 (SV1) and Comstar Communications, the commission is seeking permanent injunctions against the companies and refunds for consumers.
"These companies are using a shield of misrepresentation to block consumers from the facts," said J. Howard Beales III, director of the FTC's Bureau of Consumer Protection. "There is no scientific evidence that their products work as they claim."
The FTC alleges that the companies falsely claimed their products, which sold for US$20 to $25, could block up to 99 percent of radiation and other electromagnetic energy emitted by cellular telephones.
Full Disclosure
Boca Raton, Florida-based SV1 has marketed its SafeTShield and NoDanger products using claims such as "NoDanger is proven to protect the soft tissue of the ear ducts by filtering out 99 percent of the electromagnetic waves emitted from the ear piece of mobile phones up to a frequency of 2,000 MHz," the FTC reported.
West Sacramento, California-based Comstar sold its WaveShield product line with ads contending that, "The WaveShield will block up to 99 percent of the radiation entering the soft tissue of the ear canal."
The lawsuits charge that the defendants did not disclose in their ads that the majority of electromagnetic energy emitted by cellular and cordless phones comes from the antenna and parts of the phone other than the earpiece.
The two companies also failed to tell consumers that their products have no effect on this electromagnetic energy, the FTC said.
Phone Safety Debate
Both complaints allege that the defendants made false claims that their products were scientifically proven and tested. The FTC said that there is no scientific proof that the shields significantly reduce exposure from electromagnetic emissions.
Anti-radiation peddlers busted by the FTC
Aug 21 2003
Two companies who marketed and sold bogus cell phone radiation protection patches have settled Federal Trade Commission charges that they violated the USA's federal laws by making false and misleading claims about their products.
Using television and Internet advertising, Safety Cell, Inc. and Rhino International, Inc. deceptively indicated that their patches, designed to fit over the earpiece of any cell phone, could block a substantial amount of radiation and other electromagnetic energy emitted by cellular telephones, thereby reducing consumers’ exposure to this radiation.
Under separate settlements, both sets of defendants are required to have adequate scientific evidence to substantiate claims about the performance, efficacy, or benefit of any good or service. The settlement in Rhino requires them to pay US$342,665 in redress to consumers who purchased Rhino’s “WaveScrambler” patch.
According to the FTC, the Sag Harbor, New York-based company and its principals, Nigel Harrison and Sherry Molina, marketed and sold the “WaveScrambler” patch, claiming that their product could block 99 percent of electromagnetic waves emitted by cellular phones and cordless phones.
Safety Cell, based in Brooklyn, New York, and its principal, Jerry Berger, meanwhile marketed the “WaveGuard” cell phone shield. The FTC alleged that the defendants claimed that their WaveGuard patch blocked most of the electromagnetic energy emitted from cell phones.
Under separate stipulated orders, which the court approved, the defendants are prohibited from the future marketing or selling of any product that claims to protect consumers from harmful radiation and electromagnetic energy, unless the claims can be substantiated by competent and reliable scientific evidence.
The orders also prohibit the defendants from making unsubstantiated representations about the performance, efficacy, or benefits of any good or service.
The settlements require both sets of defendants to indicate clearly in connection with claims that any device protects consumers from cell phone radiation that most electromagnetic energy emitted by cell phones comes from parts of the phone other than the earpiece, and that the WaveScrambler and WaveGuard have no significant effect on this other electromagnetic radiation. Additionally, the settlements prohibit the defendants from misrepresenting the results of any test, study, or research.
Finally, the settlements contain various recordkeeping provisions to assist the FTC in monitoring the defendants’ compliance.
It is not accumulation, it is massive dilution.
Since HOP-ON has not filed in a long time, do you think their securities will get revoked soon?
HOP-ON lied in latest press release? Surprised?
There is no anti-radiation chip available for sale on HOP-ON's website.It looks like they lied about this being avaialble, in their latest press release, IMO.
LOL - selling a product that doesn't work? Again?
Kinda like when they tried to get people to believe they had a disposable phone, but the reporter found out that HOP-ON simply disguised a product from Nokia and claimed it was a hop-on product....LMAO
The antiradiation chip does not do anything, and can actually cause more radiation to be emitted from cell phones.
Looks like HOP-ON's desperation to dump dilutive shares is matched by the fact that it reportedly is out of money, had no sales at all at last report, and CEO Peter Michaels resigned.
OS just under 5 billion shares, dilution continues to skyrocket
See mssg#25563
Remember this, from the Jan 5 fluff press release?
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.
...............
They've basically doubled the share count since then, not reduced the float by 95%. Proves that Pagnano basically puts out stuff that he apparently never intends to follow-through on....and the share printing press is working overtime....on the way to 10 billion shares or a 1:300 reverse split. No bid right now....just like before the last reverse split announcement (1:300 in 2009, 1:200 in 2008, 1:100 in 2007).
You are trying to buy HPNN shares? And you haven't even contacted the Transfer Agent to see what the Outstanding share count is now? Oh my!
HPNN dilution IS A FACT. It has basically the only way HPNN has stayed afloat this long. Now they have disclosed they have no sales, and no cash left in the bank, (See their latest unaudited financials)
Welcome to the world of stinky pinkies and co's that provide limited disclosure and never file audited financials.
Your fill of any order may depend entirely on what inventory a broker/dealer or MM has. Try a market order, rather than a limit or limit all-or-none. Then you may get filled in little lots at the ask.
If you ae so confident this co, with no cash, no revenue, etc. has promise; you should not mind buying at the ask....LOL
redfisher - 10 billion authorized shares.
From the evidence I see, almsot EVERY single share sold this year has been a dilutive share issued by HRNF.
So much for Pagnano's company projections. He was diluting before the ink was dry on those fluff press releases about buybacks and share reductions. No wonder there are very few buyers of this POS stock anymore.
They will need a reverse split soon, too.
The massive dilution is driving the PPS closer and closer to $0.0001. They will need the R/S as HPNN gets to NO BID, $0.0001 ask and they can no longer dump dilutive shares on unsuspecting bagholders.
STALLING WILL BE THE BEST TACTIC FOR PM
If probation is revoked, he may have to serve the full sentence in jail.
PM's court hearing continued to June 28th
This is the hearing where they may make changes to his felony probation conditions. Hearing the results may not be favorable, thus the repeated delays by PM's lawyer.
PM is still Charman of HOP-ON, but resigned his CEO position, although he is now CEO of USACIG. Not sure why USACIG would hire a felon still serving his sentence to be their CEO. Maybe they are not concerned about the distrust something like that would bring to any company, IMO.
How about that World Cup order Pagnano bragged about? Did anyone actually pay HRNF $1.5M? LOL
WAS THERE EVER A REAL ORDER FOR $1.5 MILLION?
Or did Pags put that out to help dump billions more shares?
Pagnano dumping shares as fast as he can!
Looks like it is back to NO BID
Another reverse split in the works, so he can dump another 5 or 10 billion and the stock price can resume its downward slide?
Pagnano continues destroying shareholder value with little disclosure, IMO!
HRNF - now 10 billion shares authorized! Disaster
Outstanding Shares
4,956,063,957 as of May 28, 2010
Authorized Shares
10,000,000,000 as of May 28, 2010
Float(shares)
4,500,000,000 as of May 28, 2010
Number of Shareholders of Record
103 as of May 28, 2010
steal - who told you that news was coming out and also told you why they were waiting 'till today to put out news?
Was it someone at HOP-ON or USACIG?
steal please disclose to your fans who exactly told you about the so-called big announcement and revealed to you the reason they plan to wait until next week.
Thanks, in advance
Yes, some are due to expire.
I think some have given up, since they now know that this company does not pay what they admit they owe.
HE'S DONE IT BEFORE
Never underestimate a convicted felon like PM.
Sure you did steal.
Why do your claims not surprise most, Peter?
Pagnano may be laying low until his next pump attempt or reverse split, whichever comes first.
All those judgment liens in Florida against Pagnano's company may also be causing him consternation. The interest due is still accumulating each and every day until this company pays the money owed or declares bankrptcy protection, IMO.
HOP-ON does NOT have E-cigs
They are only a lowly so-called distributor. Margins are thin as a distributor and HOP-ON has no money to help with advertising, per last report from the company.
They also had no revenue and assets were dwindling fast (did I mention $0 cash in the bank, too?).
Correct - the webcasinos will never happen. Too many real working software and free gaming platforms ALREADY POSITIONED. Hop-on, as usual, will only use the fluff press releases to help them dump dilutive shares on the unsuspecting.
With no revenue, no sales, no cash in the back per last report....that's all they can do is dump shares.
steal - that's ok....the normal canned response from FINRA and the SEC about the "pump/dump" news you supposedly "heard"
The regulators often do nothing about the stuff you are doing, but if they decide to make an example of your actions....beware. Their tiplines are great tools to allow them to track people like you.
steal - who did you hear this from? I need to know because the SEC is accepting complaints about penny stock pump/dump posters that post insider info (material non-public info) while holding a position in a security that they are posting such insider info about on message boards.
Tomru - didn't indicate it is actually selling any products to those stores in Michigan, though.
mathias - possible banned imported ECIGS on amazon?
The complaint process does work...less than 24 hours and it was removed.
They didn't say they sold even one ECIG.....they say they shipped them. With PM's record of misleading investors and Jay...well he's just Jay LOL.
Looks like yet another attempt to get people to buy the tons of dilutive shares being dumped.
Just who did they promise to help unload shares for by putting out such frantic press releases?
Doubtful steal, very doubtful.
Your track record speaks for itself
GOINGUP - The A/S is 2.5 billion, just like mathias indicated
The outstanding share count has to be north of 2 billion shares by now.
Peter Michaels is known for dumping shares as fast as he can to stay afloat a little longer.
HOP-ON's financials indicate they have no cash at all.