Good luck RobZ - older messages show that others have had trouble getting the brokers to accept those converted formerly-restricted shares.

HRNF should do more to help resolve this huge problem. They were the one that offered the restricted shares in the first place.

Maybe Delaware won't allow the company to increase the AS to 15 billion, without becoming current in filings with pinks. The TA coul;d be waiting for the Deleware increase to 15 billion shares to be approved.

Maybe there's a lot more warrants at a 30% discount to cover, and that's why HRNF announced the 15 billion authgorized shares.

The third Party is the one the SEC went after in their Jan 6th litigation release. $625K (Pagnano's co. proceeds) in both HRNF (formerly WEHI) filings and the SEC litigation release.

Then the guy went and got another 1 billion shares directly from HRNF for $200,000, and sold it for $430,000.

excerpt from SEC litigation against Gendarme:
HRNF, formerly known as WEHI: From March to September 2008, Gendarme acquired WEHI shares from the issuer. During the same period, Gendarme sold more than 6 billion of these WEHI shares for more than $780,000. From March 2009 to March 2010, Gendarme acquired HRNF shares from the issuer. During the same period, Gendarme sold more than 1 billion of these HRNF shares for over $430,000.

Probably worthy of a sticky from the mods, IMO. Jan 6th news....

Wow, 6 billion shares (WEHI.PK, now HRNF.PK) issued from warrants. What could happen with those shares? I'm pretty sure they were sold right away, based on the PDF from the SEC below. I don't think HRNF was involved, other than probably coordinating with the T/A to issue the warrants. HRNF did get proceeds of $615,000 for the warrants/6 billion shares.
Then the guy bought a billion HRNF shares, a huge profit upon selling - almost immediately. for Maybe they'll discuss it in notes to their financial statement.

WIHI (now HRNF) mentioned on page 6 of this SEC link.
http://www.sec.gov/litigation/complaints/2011/comp21798.pdf

But the DTCC doesn't give a reason they dropped it? Couldn't it be just not paying some fee or form on time?
I'm surprised HPNN hasn't commented in a PR yet, as it appears to be material and should concern anyone owning shares, IMO.

They won't reduce it by 90%

They put out a PR in late 2009 trying to get people to believe the same/similar thing. What did they do? A small token buyback of someone's shares, but then started diluting and diluting and diluting.....billions of shares.

They recently disclosed that they may finance using equity (shares) or "purchase order" financing. This means potential dilution once again.

If they issue restricted shares or shares of another class (preferred), this just means those shares won't be in the float, but will still be there ready for sale after 1 year or just 6 months (if the holder gets an opinion letter to allow the sale) and depending on whether they are an affiliate or insider).

Market cap should really start tanking.

If HRNF actually updates pinksheets with current information on shares outstanding.

Buyback shares may not be being bought on the open market. They could be getting shares from some of those that could not sell, even at $0.0001, when HRNF was at no bid in 2010.

These could be insiders, the Chinese manufacturer, paid stock promoters, or even management who may have been paid in shares. We all know the CEO is owed a LOT of money from loans he made to the company, plus deferred compensation. The money owed represents a huge percentage of the current market cap.

They could even be using money from sales of shares to buyback some of these shares. Since HRNF provides little disclosure and does not file audited financials, one may never know.

hadesdog - packaging shown in the I-box indicates "Made in China".

They also indicate "gum base" in the ingredients list. They don't indicate what actually are ingredients in the base, probably because gum base was claimed to be proprietary info by companies in the past, so they can get away with not including ingredient info on the base.

Xylitol as part of the base is probably better than a non-xylitol base, since it appears to be better for your teeth. There are also studies about the benefits of xylitol and babies' ear infection prevention (British Medical Journal (November 1996)).

hadesdog - I wonder if let it rain is still unable to sell HRNF shares at $0.0001?

I remember his/her post about having an order in to sell since Dec. 8th.

Thanks for your efforts as past moderator, as well as assistant redfisher's.

Did HRNF ever really complete this order for the world cup 2010?

I sure don't see evidence of it in their "unaudited" financials.
................
Excerpt....
Heathrow Natural Food & Beverage, Inc. Receives $1.5 Million Order for ACAI Plus to Be Distributed at the FIFA 2010 World Cup
2010-01-13 02:29:30
Quote: Thirty-two countries representing every continent in the world will vie for the World Cup and Soccer supremacy."This is a major milestone for the Heathrow Natural Super Food Brand and the exposure to be gained at the 2010 World Cup is priceless. The monetary value of the order is insignificant compared to the brand awareness for ACAI Plus, which will be used by consumers from every part of the world at the event. We are delighted that the African Aid Network has chosen ACAI Plus based on its nutritional value and unique delivery system to provide players and fans alike with super functional nutrients," said Michael Pagnano, CEO Heathrow Natural Food & Beverage,

They also project that they will pay managment in shares at some point. The loans from Pagnano (the third party mentioned in previous financials) amounts to close to the current market cap. This also does not appear to include deferred salary).

Redfisher -they need the 15 billion authorization because they also claim they may use purchase order (shares for services, etc.) and/or equity financing (shares for cash).

If they are paying bills with shares, then they are probably buying back those shares at a negotiated price rather than buying shares on the open market, IMO.

Based on what they did in previous buyback claims, I sure don't believe they are focused on shareholder value.

smallfish - That co. is a manufacturer, not a distributor. Call them to see if they even know Heathrow.

Also, it appears that the company they claimed was a distributor in Plymouth, MN. does not exist, either.

RobZ - are you still having trouble getting the broker to convert those HRNF previously-restricted shares to your account so you can sell them.
I've heard quite a few comments from those that were trying to convert and sell those shares, in past messages after restriction period ended.

smalfish - posters here did DD and could not find that either of those two so-called distributers were actually real companies.

If you can find that they actually exist, please let us know.

papa - mostly listed stocks. I have not bought many stinkie pinkies or OTCBB's. Some of the listed one happen to be considered penny stocks, because their price can be less than $5.00.
I post opinions for entertainment. HRNF is just one I find interesting to follow the antics of.

Projections? Kinda like their past revenue projections? LOL

Sorry, just had to bring that up. This looks remarkably similar to other projection hypes in the past. We all know how that turned-out. And then there's that dilution history/pattern concern.

It didn't "pick up" on the news, it just included the company press release in its Retail/press releases part of their site, like it does with any other PR submitted for posting.

Seven - in other words, you won't pay $0.0002 for the shares, but you will throw in order(s) for $0.0001?

Not exactly a vote of confidence, but thanks for announcing your plans.

Why aren't they paying their obligations? Why buyback shares when you owe so many judgment liens?

Why do they keep announcing buybacks and float reductions when they never followed-through on their plans (other than small buys) and actually are known for dumping billions of shares and for 3 reverse splits(1:110, 1:200,& 1:300) in a row, allowing massive dilution and destruction of shareholder value?

seven - is the product in stores as a real retail sales agreement did HRNF simply give it to them to try to get it on the shelves as a promotion?....big difference. Simple facts often are not included to promote the stock, IMO. The company has been doing this kind of fluff for years and years.

SevenTen - HRNF is incorporated in Delaware, a state that requires people to pay for company information like whether they filed with the state to raise the A/S to 15 billon shares.

Unless the company provides timely disclosure to pinksheets, there is not an easy way to confirm the info.....which is why many pinkies or grey sheet co's incorporate there, IMO.

You may want to look at what HRNF put out during their numerous previous buyback/float reduction plan PR's to see what they actually did.

primecomm - good thing redfisher posted the pinksheets red stop sign warning for HRNF.
You are claiming the CEO of HRNF confirmed to you what appears to be material non-public info that you re-posted here?

Just wanting to be clear on this....thanks

You have your opinion, and the huge float is probably full of bagholders that held similar opinions.

I value redfisher's research and opinions here. They provide a healthy balance to those posts that ignore the obvious history of the company's dilutive share issuance and the co's repeated reliance on the last statement they make in each fluff press release they put out.

red's opinion seems to be justified, IMO. He is aware of those that did DD on past PR's and came up with information contrary to what was claimed.
Pretty entertaining info can be found by those that actually spend some time researching.

No papadedavid - I'm not saying that. I'm simply mentioning what HRNF is most-known for among those that have followed his projections. What actually resulted was massive dilution and numerous reverse splits and total destruction of long-term shareholder value. Thus the skeptical comments about "lather-rinse-repeat".

I also pointed out the similar share/float reduction hype in 2009 as a recent example of HRNF saying one thing, then doing something completely different shortly afterward.

Plenty of shares available at $0.0002. Those that are familiar with Mikie's typical tactic of dumping shares during fluff PR's are probably not willing to believe there is any shareholder value here.
They may have read similar buyback hype in 2009, only to see massive dilution to follow. Instead of the promised reduction in float, the share count increased exponentially.
The recent news that they would issue restricted shares to managment and certain "insiders" could also make them worry about any reduction in O/S leaving a huge overhang of restricted share conversion potential. Also scary are those dilutive equity financing deals that HRNF hinted would be coming, too.

The float is huge, so there may be an almost unlimited number of shares available. The reality of the predictable few days of momo trading at $0.0002 will set in and the PPS will likely again move lower.

I'm guessing there will be more PR's that will be put out to slow the reality setting-in and allow more to dump at $0.0001 or so.

Remember what HRNF said in 2009?

Remember how they diluted billions and billions of shares after that buyback announcement?

Can you now see why many may avoid believing anything HRNF puts out? It is not what they say in their PR's, but what they don't tell you, IMO.
.....................
(1888PressRelease) April 17, 2009 - LAKE MARY, FL -- Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce that it will begin the previously announced common stock re-purchase program effective Monday, April 20, 2009. HNFB plans to purchase up to 350 million shares over the next several months, reducing the outstanding float to approximately 75 million. Shares will be purchased on the open market consistent with the SEC guidelines set for stock re-purchase plans. HNFB may seek the assistance of a third party to affect the plan.

"We are pleased to contribute up to thirty percent of future revenues to re-purchase our common stock which we feel is very undervalued. With no debt and very obtainable revenue milestones, HNFB is very well positioned in the $100 Billion Dollar Wellness Industry," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc.

amanda - no, I prefer that you do DD on that. HRNF's admission can be found easily, if you are willing to take the time to look through past PR's and statements.
Good luck reading.

buyback hype- blast from the past

looks like bagholders are getting the rinse/repeat from Mikie and his stock reorganization plans once again.

By: rs4racing
15 May 2009, 01:32 PM EDT
Rating: Msg. 5008 of 5056
(Reply to 5006 by rs4racing)

Jump to msg. #
Share count already over 1.3 billion.
Longs got taken to the cleaners again. Looks like a reverse split will be needed within a month or so.
............
Posted by: lars siler Date: Friday, May 15, 2009 12:34:15 PM
In reply to: pnkbullsht who wrote msg# 22786 Post # of 22788

actual share count per my contact w/eric(transfer agent)as of today, is something over 1.3 BILLION with 100 million recently put in play--THIS IS ########! They just released on April 16th,that starting April 20th they would be buying back their so-called"UNDERVALUED" stock, and reducing their float,from their profits-this is outright fraud! They just suckered me out of investing $200 MORE.hOW CAN THEY SO BLATANTLY LIE?

Post from RB message board. Looks like predictions of massive dilution came true, amid hype by the company about so-called buybacks (all the while they were dumping shares by the billions and raising the share auth.)
...........
By: rs4racing
19 Oct 2009, 01:44 PM EDT
Rating: Msg. 5033 of 5056

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.

Thanks for the correction. Scottrade previously did not allow trading in HRNF.
We have numerous reports here and even an HRNF admission that some brokers were not allowing HRNF selling.

Watch for matching trades at the same price, as this could signal MM's trading back and forth to make it look like there is some buying interest at $0.0002.

There must be a few brokers willing to let people buy shares in HRNF. I know that there were some that didn't allow trades of HRNF. Scottrade, I think, will now let you call in your order.

Why not wait 'till it goes back to no bid, $0.0001 ask?

jimstock - they conveniently didn't mention if they were buying those shares from the public. I'm guessing they are buying some of the shares they already gave out at a likely discount or are actually paying some of their bills they paid with shares/warrants.

I agree. Volume sometimes attracts more people to buy the promoter's shares. Sometimes at higher prices.

Just my opinion, but this looks like another rinse-repeat buyback hype effort to allow some to sell at $0.0001 or higher. Many are fully aware that this thing was sitting at no bid for quite a while, just like before the previous buyback announcements (and there were more than a few).

Just like with any third party or other pump/dump examples I've seen, a trader could profit unless he/he forgets the dump part and is stuck with shares at $0.0002 that will not sell.

While my opinions may seem a bit skeptical, it is only because I've read what Pagnano has repeatedly done in the past and compared it with what really happened. I was not impressed.

Again,good luck with trading.