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So the HPNN CEO could be going to jail? Ouch?
Was it the other felony charges that may have caused a revocation hearing, or do you think it was just a failure to follow other condions of his release from his prison sentence?
Hands trying to keep hope alive, in hopes he can still dump the shares he was paid with.
More fluff Pr's needed to help dilution plans
Really having a hard time dumping the billions of shares needed at steep discounts to the current share price, soi expect more fluff Pr's with what appears to be bogus distributors (non-existant, according to several persons' DD). See Dec 7th PR and try finding out why these companies do not appear to exist.
Anyone get any more confirmation from Pagnano as to whether that Pr was false and misleading? If he cannot answer why people cannot find ANY COMPANIES by those names, then the PR is likely bogus, IMO.
Pags has tried the charity and military angle before, and the results were not pretty. The golf MDSO Million Dollar Shootout had a military sentiment/participation angle to it, too; yet this company failed to pay the prize money it owes to the MDSO winning team ($1 million).
Simply shameful way to run a biz, IMO. This company also failed to pay past prize winners what it agreed to pay, too.
Pillay's relationship with Mario Pino?
All of what you write brings up the question of Pillay/Pino's relationship.
We know Pino is in quite a lot of trouble with the SEC. Maybe not even the CEO will now sign-off on unaudited financials. Great risk to him, if there is underlying problems with the company, and he represents that all is well, IMO.
New ticker may be HNFB, after next reverse split
This company did a R/S (1:300 in 2009), a 1:200 in 2008, and a 1:100 in 2007.
Just how many trillions of shares (on a pre-reverse-split basis) has thois company dumped on shareholders?
Anyone buying this stock has pretty much lost their entire investment, and thew CEO is back to his same old dilution and more dilution ways - dumpingas many shares as possible until the stock price drops to no bid, $0.0001 ask. Then he revrerse splits and starts the massive share dumping all over again.
Yes, the first time the links didn't work for me. I was able to get to the site eventually. Their news indicates nothing about paying HRNF even one penny for anything.
The press release tactic looks very suspiciously like a promotional thing that has nothing to do with any sale of product from HRNF.
The big suspicious part is the fact that HRNF is valuing each tiny piece of gum (not packet) at $1.56. Me thinks HRNF is gonna try to "donate" some gum and valyue it at that high price (for tax liability reduction purposes). It also could be just another supposed deal that never was and never will be, like so many Pagnano has tried to get sucker investors to believe in the past.
YEP, ALMOST NO VOLUME OR TRADES AGAIN TODAY
LOOKS LIKE THOSE PR'S AREN'T HELPING THE MASSIVE DILUTION NEEDED TO PROVIDE CASH FOR THE COMPANY TO STAY AFLOAT.
HRNF CEO refuses to back-up press release with facts
Apparently a shareholder contacted the HRNF CEO, Mike Pagnano, to specifically ask why there appears to be no such companies HRNF claims are distributors for HRNF (See Dec 7th press release). The shareholder was just doing DD. What is Pag nano trying to hide? Did he issue a false press release on Dec 7th?
Will the SEC ask Pagnano the tough questions and force him to answer? Only if people report such things to the SEC tipline, IMO, if they believe Pagnano is PR-ing bogus stuff to help him dump shares for cash.
See below - a message from Yahoo finace message boatrd for HRNF
................
I may have been wrong 3-Dec-09 03:19 am Ok, I have in the past defended this company, but things have changed.
Can anyone find any record of the 2 "new distributors" that Mike "signed" contracts with?
I can't.
I have e-mailed Mike twice and asked him to provide me with contact info. He did respond but all he has said is that they are part of Costco and Target. I contacted Costco, they did not reply. Target said they had no knowledge of the PR. I have tried a Google search, online phone book search, and a local business directory. I can not find any record of MCIM or TP GLOBAL.
btw has anyone done a Google Earth search for the new snack bar company? I called them during normal business hours and got a, "leave a message" recording.
Mike also told me in September that the online store would be up and running by the end of October. How can any company selling a product be successful if they do not have an online store???
I'm not one to bash, just thought I would tell all why I sold.
If I get reasonable answers, I may be back. I do like the gum.
Something is just not right here.
JMHO Not a recommendation.
Do your own DD.
Sentiment : Sell
Flatrader - I think it is a promo, too.
It does appear to be a bit misleading, though (The press release).
Signing a $1.5M "contract" implies that's what HRNF will get in "sales", but my little attempt a DD and the "Math" seems to make real revenue or sales even more unlikely.
If it is a promo only, then the PR seems like the other what appears (to me) to be misleading PR's put out by Mike. If so, I hope regulators finally catch up to him.
Past SEC filings indicated other instances where Mikie was warning about possible action by regulators or shareholders. I guess Mikie never learns....or is actually challenging the SEC and FINRA.
or, he already started another company
Remember when Pagnano disclosed that there was another WGL Entertainment (a Florida corp) and also a Delaware company with the same name? Most shareholders had no idea that these were two different companies.
Me thinks Pagnano got rid of the Florida part to help shield it from all the judgment liens against the company in Florida.
red - this may be the new ticker, once they reverse split again
They may already be planning it, so that they can keep dumping shares once the stock price is at NO BID. Just like the last three reverse splits, they also changed the ticker symbol.
The news out today is acually very bad news
$1,500,000 / 960,000 units = $1.56 per piece of gum (tiny piece of gum).
And that is the wholesale price HRNF claims their contract is for.
There is no consumer in the world that would pay that much for one tiny piece of gum.
Thus, HRNF's PR does not pass the smell or the math test.
Anyone doubting why I question whether Pagnano is putting out bogus stuff should simply go to the Dec. 7th PR and try to find any business with the names of the two so-called distributors mentioned.
So far, no one can confirm that any companies by those names actually exist. (evidence by anyone to the contrary is welcome here)
Flatrader - did you notice?
"will be distributed" and not "will be sold"
Looks like it is not a real contract for sale of the gum. Based on past HRNF PR's , I'm not sure any of it even resembles what was issued. I've learned that much of what they put out is not worth believing, IMO.
bid not moving higher - investors probably already have been burned so many times by Pagnano's dilution and fluff press releases, that they refuse to participate in sucker buying of these overvalued shares.
and looks like mikie is valueing the donated gum at $1,500,000.
If the cost to produce the gum is not $18.75 per carton, then this looks like a basic way of reducing your tax liability with minimal cost....all while not really even selling a product to anyone (but making the gullible think you are).
HRNF latest PR doesn't pass the smell test, once again, IMO
$1.56 per little piece of gum?
Also, the aid network would NOT be spending money on a marketing promotion at a cup event.
That money would actually go to aid the needy, instead of to a Pagnano company.
Does anyone believe Pagnano's PR's anymore?
Have they had many agreements that ever came true? Heathrow was actually Pagnano's (And Calvi's - from the WGL golf membership so-called sales fiasco with Upwon )own company. Di Pagnano EVER disclose this to shareholders and the conflict of interest?
The examples of the BS are very numerous. Do spome DD, if you want some laughs at what this co wants the gullible to believe.
Contract? LOL Did someone pay to donate shareholder's money and call it a contract? Is this just one of his failed contracts/agreements primarily used to hel pdump billion more shares?
It sure looks like investors were getting tired of the dilution. Maybe the stock promoting needed yet another press release, similar to the ones about the apparent non-existant two distributors that supposedly contracted with HRNF?
What organization would ever agree to accept a product that people can't even buy and samples reportedly contain no identification of food/ingredient labels?
african aid network---LOL
This almost looks like a website spoof.
Did anyone notice the problems with the website?
here is the other info about the site:
Created On:04-Apr-2009 05:17:17 UTC
Last Updated On:23-Nov-2009 08:19:02 UTC
Expiration Date:04-Apr-2010 05:17:17 UTC
IP Address: 216.245.194.179 (ARIN & RIPE IP search)
IP Location: US(UNITED STATES)-TEXAS-DALLAS
DMOZ no listings
adamski - HRNF trying to dump billions more dilutive shares?
as in past press releases, it is obvious that HRNF needs to get billions more shares dumped into the share pool, to stay afloat.
Ernie - you obviously don't know Pagnano's tactics, when it comes to destroying shareholder value.
According to another poster who contacted Mikie....
Mike seems to think that just because his obligations to past prize winners and others who either won a court judgment or are owed money are in "default", he doesn't have to pay those obligations. Default simply means HRNF has not performed according to the agreement they signed....(surprised?)
I guess HRNF could seek bankruptcy protection, but those monies are still owed to the parties until a judge discharges the obligations.
Simply changing the company name does not change the obligations, although some shady companies seem to think it does.
IMO, not listing those "liabilities" in their unaudiited financials was just plain WRONG.
HRNF didn't retract the Oct 7th press release, yet?
Still can find no company named MCIM Trading, Plymouth, MN
Can't find any business. No records at the Better Business Bureau, either.
Ernie - I do not agree
So far, basically everything Pagnano has done has failed.....utterly failed.
So far with HRNF, Pagnano has implied dilution would not be needed. What did he do?
Pagnano increased dilution exponentially once again!
Why should anyone believe ANYTHING the CEO spews? So far; anyone buying any shares in any of the failed business models, including the current one, has lost almost every last penny of value.
Even a little DD would make all but the most gullible investors stay FAR AWAY from HRNF and Pagnano's follies, IMO.
Maybe you should ask why Pagnano wouldn't even buy shares in his company. Could it be that he knows the shares will be almost worthless and another reverse split is already being planned.
IVIT could easily be at $0.0001 in a few weeks
What reason would anyone buy at these high prices?
But no buying interest at these high prices.
3 trades?
3 trades yesterday
Looks like investors are not swayed by the BS Pr's
Even suckers are not buying
Must be on to Pagnano's dumping of shares and massive dilution of current shareholders' positions
Time & Sales
Price Size Exch Time
0.0003 7000000 OTO 13:45:32
0.0003 1500000 OTO 11:58:58
0.0003 1250000 OTO 09:35:16
They get away with it because....The SEC has decided to only investigate apparent false press releases when enough complaints come in.
I've asked several times for shareholders or insiders to provide evidence that those so-called distributors actually exist. All my searches have found no businesses with those names and no business licenses for those or similar names in the cities listed in the PR you reference.
HRNF has survided only by dumping dilutive shares at steep discounts. They continue doing this, apparently putting out press releases to fuel the sucker-buying of the shares almost immediately dumped by the financeers (to lock-in their profit).
Yep, almost all dilutive shares dumped by HRNF hitting the share pool.
Dilution could hit almost 5 billion shares in 2009.
Then HRNF will need to reverse split. Anyone buying at these high prices will soon see they can't sell at that or even lower prices.
IF HRNF HAD REAL ASSETS, THEY MAY HAVE ALREADY BEEN SIEZED BY THE JUDGMENT LIENHOLDERS THAT HAVE RECORDED CLAIMS AGAINST THIS COMPANY.
Correct, PYCT has no patents for this, and it is doubtful they have ANY money left at all.
They are hugely in debt now, too.
Dilutive shares HRNF is dumping by the billions have no calories, but will contribute to the loss of all shareholder value to anyone buying HRNF shares (IMO, of course).
Learning - HRNF incresed the authorized shares multiple times already, since the 2009 reverse split.
They started with 750 million authorized (around 38 million issued and outstanding at/after the 2009 reverse split).
Now they have increaed the authorization multiple times (now at 5 billion shares).
They are diluting as fast as they can get gullible people to buy these overvalued shares.
HRNF also PROMISED to spend at least 30% of their REVENUE to buyback shares to buy down the public float to seventy five million shares or ten percent of its authorized common
shares (huge lie by HRNF, IMO). (See 4/'09 press release by HRNF)
HRNF is simply diluting shares to stay afloat
Thus, they even have been paying stock promoters to try to help them in their effort to keep the share price at $0.0001 or higher (as dilution continues to grow exponentially).
Flatrader - no, the gum won't be available at all
But HRNF will announce another reverse split, as the O/S count continues to grow (dilution) exponentially.
Preliminary agreement? LOL Did you notice how that other company (Natural Harmony) dumped HRNF, once they found out about Pagnano and his hisory of diluting his shareholders into the ground, then doing a reverse split and continuing the dilution?
See the IBOX, under "Other News"
Yep, HOP-ON had $0 sales and is almost flat broke - no money in the bank, either.
Where did all that money go? It sure wasn't spent on the shareholder meeting. We are not sure there really wa one. Peter may have called a quorum with his own shares/preferred share ownership.
Now even prefewrred shares seem to be maxxed-out or close to maxed-out.
Will he authorize even more classes of preferred to make the common even closer to worthless?
Looks like HRNF could be at no bid within weeks
The fact that they are diluting as fast as possible, all while buying interest is drying up. Once bagholders find out about Pagnano's history of massive dilution touting/paiying promoters to help dump even more stock on the unsuspecting, they are now stuck with overvalued shares.
HRNF may even need another reverse split soon.
Beware - HRNF dilution getting REALLY BAD
Pagnano obviously is putting out PR's and has been confirmed to be paying stock promoters, all in what looks like an attempt to dump billions and billions of shares on unsuspecting potential victims (bagholders).
Do your own DD before buying even one share. Pagnano seems to have a business model that is all about dumping shares at steep discounts for shares, all with little or no disclosure into his dilutive share dumping (until tons more shares are dumped and he increases the share authorization by billions more shares).
No wonder so many warn about this guy. HRNF does not pay its obligations (past prize winners, court judgment, etc). Below are three of the Florida judgment liens Pagnano REFUSES to pay.
Document Number J07900007260
Status ACTIVE
Case Number 06-CA-1380-15
Name of Court CIR CIVIL DIV SEMINOLE CTY FL
File Date 05/14/2007
Date of Entry 04/17/2007
Expiration Date 05/14/2012
Amount Due $39044.10
Interest Rate 11.00 %
........................
Document Number J08900000257
Status ACTIVE
Case Number 07-CA-002716
Name of Court 18TH JUD CIR CRT SEMINOLE CTY
File Date 02/06/2008
Date of Entry 09/05/2007
Expiration Date 02/06/2013
Amount Due $74932.00
Interest Rate 11.00 %
..........................
Document Number J05000101409
Status ACTIVE
Case Number 05-CA-1111-16-K
Name of Court CIRCUIT COURT - 18TH CIRCUIT
File Date 07/15/2005
Date of Entry 05/31/2005
Expiration Date 07/15/2010
Amount Due $71,359.75
Interest Rate 07.00 %
Name And Address of Judgment Creditor (Plaintiff)
FOCUS PARTNERS, LLC
51 EAST 25TH STREET
SUITE 401
NEW YORK, N.Y. 10010
....................
gart - PYCT still at NO BID
checked several times today - each time PYCt was at NO BID