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Maybe this PR will help them dump hundreds of millions more shares, now that the 2005-filmed golf reality show is confirmed to not be on the Golf Channel on dates the previous fluffie PR's implied.
Soon FINRA and the SEC will be putting on more regulations to slow down the bogus PR's and even more bogus projections some pinksheets de-registered companies keep putting out, all while those companies dump as many shares as the gullible shareholders will be willing to get stuck with.
The judge can enter the plea for PM, if he tries to avoid showing-up. The a bench warrant would be issued. He likely signed a paper saying he would appear, oitherwise he would have to remain in jail pending arraignment.
LL - close at the ask
most trades at higer proces are just $10 or so trades by the person trying to make it look like there is buying interest at the higher prices.
Pinksheets warns about manipulation often possible with thinly-0traded stocks like this that provide little disclosure to the markets.
Nice try pumping this POS thing, though.
Golf Channel probably found out about Pagnano
and the fact the company doesn't pay its obligations and has judgment liens against it.
MDSO not scheduled for following week, either
but the PR sure helped HRNF dump almost a billion shares in the recent past.
They even had to increase the share authorization twice, since the reverse split earlier this year.
PM is required to ask for permission from his PO to travel.
He also was likely required to tell his PO about his upcoming criminal arraignment on July 16th
MDSO NOT on Golf Channel (confirmed)
any you believe the BS that the HRNF CEO put out in a press release? Pagnano claimed it would air on the Golf Channel July 13th.
Just checked - NO MDSO on the Golf Channel
Here is what's on instead.
Duel in the Sun "1977 Open Championship: Watson vs. Nicklaus"
I remember PM got his lawyer to transfer his reporting to felony probation from Nevada to California. He still has to have special permission from the PO to travel. I wonder if his PO is even aware of his latest issues with arrest and alleged acts of criminal violence against a child? This could cause him to be required to immediately be arrested and held pending potential felony probation violation.
I disagree. This is the kind of forum that shareholders and critics alike can voice their opinion.
Hopefully he will resign prior to the shareholder meeting. He is not helping instill confidence in the ailing hop-on company. Still no audited financials, which PM promised repeatedly.
Anyone know if PM had to post bail?
He probably isn't a flight risk, but he is still on felony probation already. Violation of probation would likely mean he serves at least 8 months in the pokey, which was what I believe was his initial sentence for the stock fraud conviction.
I know he negotiated a fine/probation after initial sentencing, but below is an article when the HOP-ON CEO was originally convicted.
Hop-On, Inc. Founder Sentenced for Stock Fraud
Investigative Reports
November 20 2005
When it came time to call his attorney, Peter Michaels may have wished he owned the disposable cell phone he had been promising investors. His phone privileges will be decidedly more limited for the next 8 months. Michaels, the former CEO of Hop-On, Inc. (Pink Sheets: HPNN), whose unfulfilled promise to deliver a disposable cellular telephone enticed investors and seduced much of the mainstream media, has been sentenced to serve 8 months in jail for defrauding investors in connection with an online gambling company called World Wide Web Casinos (WWWC).
Michaels grabbed headlines with his promise to deliver "the world's first disposable, fully-recyclable and contract-free cell phone." The hype attracted media attention and persuaded Time Magazine to cite Hop-On's disposable phone as one of the "Inventions of the Year" in 2001. There was just one problem – Hop-On did not appear to have a phone to deliver. See HOP-ON.COM, INC. — TROUBLE IN RIVER CITY.
Meanwhile, authorities were focusing on Michaels' earlier activities promoting another tiny public company, WWWC. On April 17, 2003, prosecutors charged Michaels and four other men with raising $12 to $15 million for WWWC by orchestrating an aggressive telemarketing scheme and issuing online press releases that created "a veneer of legitimacy for WWWC and affiliated companies." That same description could be used to characterize Michaels' efforts to promote Hop-On.
Once he has completed his 8 month jail term, Michaels will remain on probation for 3 years. He also has been order to pay a $100,000 fine – a seemingly paltry sum considering the alleged scheme allegedly netted millions of dollars.
While Hop-On – sans Michaels - currently offers cell phone for sale, the Company no longer appears to be marketing its erstwhile invention of the year. It seems that the product, like Michaels, became disposable.
Maybe PM should put out a press release to explain what is in the police report before resigning from HOP-ON. Maybe a copy of the report should be posted on "The Smoking Gun" site.
Does anyone think he is the one selling those strage phones on the auction sites? The location is listed as Irvine. Are those even FCC-approved for sale in the US? Sure not having much luck peddling them, though. LOL
Thanks. Maybe his lawyer can delay this thing long enough to allow his current felony probation to expire. This may not work because I think he needs to report any additional criminal charges immediately to his P.O.
It would be fitting if they revoke his current felony probation and send him directly to prison for 3 years, not to mention what may happen with the current criminal charges.
Peter's arraignment is on 7/16? Could this be a three strikes possibility and a LOT of prison time?
Case ID Title Location Dept Date Time Case Type Type of Hearing
09HM03796 Michaels, Peter Daniel HJCNB H12 07/16/09 08:30 AM Criminal Arraignment
Charges: 1. CORPORAL INJURY:CHILD 2. CHILD ABUSE AND ENDANGERMENT.
info can be found at occourts.org. CASE #09HM03796
Here is another lien against the company
Nathan was one of the prize winners in an event Pagnano arranged, too. Apparently Pagnano believes he doesn't have to pay court-ordered judgments.
Debtors could actually file to sieze company assets.
http://sunbiz.org/pdf/40900576.pdf
Here is one judgment lien against the company/Pagnano
apparently Pagnano thinks he doesn't have to pay court-ordered obligations
http://sunbiz.org/pdf/1505131D.pdf
Expect another reverse split soon - dilution is ramping-up
The stock price will be at NO BID soon enough, after Pagnano has apparently misled investors with his "dilution soon won't be necessary" BS
He is probably laughing at shareholders, thinking "can investors really be that dumb to believe my projections?", IMO and "can you believe I can keep doing this to them over and over and they still buy the almost-worthless shares?"
redfisher - because you don't have to have a viable business model to dump billions of shares. You just have to be able to put out projections and fluff press releases to convince a few gullible investors to buy the shares being dumped at a huge discount.
What I really can hardly believe, is that there are at least 250 million shares given to OTC Reporter stock promotion site. Whoever did that, along with HRNF's payment, apparently does not value HRNF shares very high at all.
Pagnano did it to shareholders once again. That was the reason Harmony Natural summarily dumped HRNF after doing DD on Pagnano.
MDSO not on golf channel? Seeing no mention of the show. Was Pagnano lying, or is going to pay them to air it as an infomercial? LOL
So 250 million free-trading shares to OTC Reporter....so far?
150 previously, now another 100 million shares? Dilution is going up exponetially once again. Anyone holding HRNF shares is seeing their shares get diluted to zero worth once again.
Third party paid this site to promote HRNF
Disclosure
OTC Reporter.com, LLC and/or its affiliates have received one hundred million free trading shares from a third party. To date one hundred million free trading shares have been sold. OTC Reporter.com, LLC's affiliates, officers, director, and employees will buy shares in the open market at any time without notice of the company discussed in this profile, and may profit in the event those shares rise in value. OTC Reporter.com, LLC will not advise as to when it will decide to sell and does not and will not offer any opinion as to when others should sell; Each reader should make that decision based upon his or her own judgment of the market. However, if an officer, director, employee, entity under any of the latter's control, or an immediate family member is long the stock, that individual or entity may profit when it will decide to sell.
Moderator - please see message #23184
allowing outdated info on share structure is pretty lame, especially when pinksheets has the latest info from HRNF itself, as of June 26th
Outstanding Shares
1,600,000,000 as of Jun 26, 2009
Authorized Shares
2,500,000,000 as of Jun 26, 2009
Float
1,215,000,000 as of Jun 26, 2009
Float is now over 1.2 billion shares
Float
1,215,000,000 as of Jun 26, 2009
Moderator - please update share structure on I-Box
Outstanding Shares
1,600,000,000 as of Jun 26, 2009
Authorized Shares
2,500,000,000 as of Jun 26, 2009
Can be found at pinksheets at the following link.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=hrnf
Then click on company info, updated 6/26.
A/S just raised to 2.5 billion shares
Hope you didn't believe the lies about a buyback by HRNF reducing the share count. Believe Pagnano, the CEO, at your own financial loss.
from another message board: Transfer agent just confirmed it, too.
HRNF is dumping shares even faster
Outstanding Shares
1,600,000,000 as of Jun 26, 2009
Authorized Shares
2,500,000,000 as of Jun 26, 2009
Note, almost every single share trades is a new dilutive share issued by the company. Only fools would buy HRNF at these
HRNF is dumping as many shares as they can before the stock gets stuck back at NO BID, $0.0001 ask again like it did in 2008 and 2007, as well as early 2009 before the 1:300 reverse split.
Almost everyone that has ever bought HRNF shares has lost almost their ENTIRE investment.
LOL, you bought HRNF shares?
Didn't you realize that the CEO seems to put out press releases just to help the company dump hundreds of millions of dilutive shares on unsuspecting people like you?
The distribution agreements are more fluff. So far, HRNF has only mentioned it orderd some samples of the gum....LOL
Think about the meaning of "distribution agreement" and then think about why HRNF has never mentioned if there will ever really be any product distributed and by whom.
Then think about all the other seemingly bogus revenue and other projections the company puts out.
Then think about the TRILLIONS of pre-reverse split basis dilutive shares they have been dumping for years at huge discounts and even for paying stock promoters to help them get interest so they can get a bid on the almost-worthless shares.
If you are concerned and believe he has been putting out misleading stuff to help shares get dumped, then the SEC tipline is about the only way to let them know.
I own no shares, so I will not be making a complaint. I wonder who keeps making those miniscule trades at high prices to prop-up the share price? The SEC and pinksheets do warn about how easy it is for unscrupulous traders to manipulate the stock price of thinly-traded penny stocks with tiny trades at high prices, to make it look like there is actually buying interest.
Who is selling tohe ugly little hop-on phones on ebay? LOL
I don't seem to recognize those model numbers. Are those FCC-approved for sale in the USA? Looks like almost no one is buying them, either, based on the sales history of the hop-on phone peddler on ebay.
Is the SEC involved? I noticed he still has not filed the audited financials he promised. Would be nice to see how he handles the "booked" sales and whether he would have to re-state if those sales never actually were consumated/turned into real revenue, IMO.
HRNF has a firm track record of NOT paying what it promises. It is in default on judgments and court case, plus prize money.
HRNF even admits it is in default in SEC filings (before being booted of the OTCBB and delisted/deregistered to the pink sheets.
MDSO HAS ALREADY BEEN SHOWN ON TV
HRNF already admiited, in a SEC filing, that is owed the winning team the $1 million 30 days after the show was shown on a network. This happened years ago. The show was filmed in 2005.
HRNF also agreed to have prize money for ANY event placed in escrow prior to advewrtising that event. This is an apparent violation of the false advertising settlement when the Florida Attorney general charged the company well before the MDSO was filmed/advertised. The Florida attorney general's office appears to not enformce their own agreements.
There are also judgment liens in Florida against the company.
HRNF obviously has chosen to not pay its obligations, as should not be trusted, IMO.
Sure is suspicious.
What 3rd party would give away more than 15% of the float in shares to a stock promoter of HRNF?
Is this 3rd party linked to HRNF in any way? Sure hope that 3rd party isn't Pagnano, or that 3rd party didn't get shares directly from HRNF. Who knows?
Re: 150 million shares given away by third party to promote HRNF
They should investigate this party, IMO. Giving away such a high percentage of the outstanding shares is a bit suspicious.
Anyone know if HRNF already increased the share authorization from 1.5 billion shares to 3 or 5 billion?
Third party paid this site to promote HRNF
http://www.otcreporter.com/Reportdetails.asp?rptid=224
you can find the info under disclosure, near the bottom of the page. These types of stock promotions are good for about a half-day run, then the sucker investors do DD and the raced to dump their shares is on, IMO.
Disclosure
OTC Reporter.com, LLC and/or its affiliates have received one hundred million free trading shares from a third party. To date one hundred million free trading shares have been sold. OTC Reporter.com, LLC's affiliates, officers, director, and employees will buy shares in the open market at any time without notice of the company discussed in this profile, and may profit in the event those shares rise in value. OTC Reporter.com, LLC will not advise as to when it will decide to sell and does not and will not offer any opinion as to when others should sell; Each reader should make that decision based upon his or her own judgment of the market. However, if an officer, director, employee, entity under any of the latter's control, or an immediate family member is long the stock, that individual or entity may profit when it will decide to sell.
So you got stuck with HRNF shares, too?
A third party (wanna guess who that was?) paid a promoter website 150 million HRNF shares to help with the dump. Can you imagine those that bought above $0.0003? They may have a hard time selling, and it looks like HRNF will have to dump many more shares, too, but they are awful close to their share auth. limit....and restrictions come off the shares HRNF issued to those that took the offer, too. They can convert soon.
Here's the stock promoter's disclosure on the 150 million free-trading shares they got for their "services"
Disclosure
OTC Reporter.com, LLC and/or its affiliates have received one hundred million free trading shares from a third party. To date one hundred million free trading shares have been sold.
Longs may not be doing their DD.....HRNF had 35 million shares after the 1:300 reverse split, earlier this year. Someone just gave a STOCK PROMOTER site 150 MILLION HRNF Share just to do a little stock hype. That site had sold 100 million of those shares they were give, as of Monday. I'm guessing the promoter sold the rest yesterday.
HADESDOG ALSO WAS IN A MAY 12TH PR FROM THE COMPANY. THE STOCK PROMOTERS WERE JUST USING THIS AND OTHER TIDBITS TO TRY TO PUMP IT, BECAUSE THEY HAD BEEN GIVEN THE 150 MILLION SHARES TO DUMP BY A THIRD PARTY. oNE CAN BET HRNF WAS DUMPING INTO THE STOCK PROMOTER'S PUMPING AS FAST AS THEY COULD.
Maybe we'll learn that HRNF already increased the share authorization, shortly after doubling to 1.5 billion shares. Delaware would know, but they help companies keep info from the public by charging money to get public info on co's that incorporate in their state.
hadesdog - it was on a stock promotion website, who was also apparently given 150 million free-trading (non-restricted) shares of HRNF (by a third party). The stock promoters disclosed that they had already sold 100 million HRNF shares into the market.
This was obviously timed with yesterday. Apparently HRNF let the stock promoters issue non-public info on the stock promoters site, instead of providing this "material" information to their shareholders. No confirmation that the info wasn't a complete fabrication by the stock promoters, either.
That's one for the SEC/FINRA to sort out; whether Pagnano fed them the non-public info or the stock promoter's site fabricated it.
HRNF - beauty contest?
Is this instead of the MDSO airing on the golf channel? LOL
The initial event will be a beauty contest in late July to crown Miss Energy who will become the spokeswoman for ACAI Plus . The contest will be held on the world famous Ft. Lauderdale Beach and be judged by a celebrity packed panel. The contest will draw several thousand fans as well as extensive media coverage.
Did they raise share auth. to 3 billion shares?
Would be filed with Delaware (their state of incorporation)
Noticed that they raised it from 750 million to 1.5 billion right after trying to get people to believe there would be a share buyback.
Current outstanding share count is at least 1.2 billion shares as of mid-may. Likely is MUCH higher today.
I see you bought at $0.0013. Sorry for your luck.
Nothing wrong with following pump/dump stocks with terrible management. At least you got out with less losss.