Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Like when Mario Pino issued a divvy? WSSE and XMET sure turned out well, didn't they?
Are you forgetting that when a co issues a dividend, the underlying company's intrinsic value decreases by the "value" of the dividend.
With the bloated share pool of around 20 billion shares, PYCT really needs a reverse split so the market cap can move even lower as the share price declines after the R/S.
I see that you also may be ingnoring the fact that PYCT has little or no cash, at last report. If you've been following along, it also likely has been racking-up obligations along the way. Testing and development and admin cash burn are not insignificant, and details seem to be purposely being hidden from investors.
Looking more and more like Mario Pino tactics all the time? LOL
Are you sure Pillay is not a Mario Pino a.k.a ? Could this also explain why the last known address for the company is now in Canada and thre CEO is now the statutory agent in AZ, the state of incorporation?
cherob - not with the dilution
Acai Gum Now Available
(from 2008)THE WORLD'S FIRST ACAI GUM
Acai gum made from the finest organic free trade Acai berries ... with 50mg of pure Acai per piece.
Currently in the final stages of testing, we are now accepting private label and wholesale orders for the first available batch of Acai gum.
Be the first company to share with us the new easy and practical way to enjoy Acai.
Available loose bulk, unbranded in 12 piece blister packs, private label with your details, or branded with our new Acai Gum brand.
Contact us now to be the among the first to offer your customers the finest Acai Gum ...
NOTE: This is not a HRNF product, it is from a 2008 website...
Registrant: Registrant:
Designing Choice Ltd. (based in the UK)
IP address based out of California
red, HRNF has to worry about "prior art" problem with a patent. We have already found out that a company already makes ACAI gum and will make a custom product for anyone that wants it, and even provides "sample blister packs" for customers of the product right now. The language of marketing from that company seems so remarkably similar to what HRNF has been trying to fufferize, that I suspect HRNF is using this company to provide their samples.
My guess is they will never get a patent. They may try to "Trademark" a product name, though. Maybe Mikey was confused about the differenct between a patent and trademark. LOL
Thinking about buying at these high prices?
Maybe one could look at what Natural Harmony said (see link on IBOX) about HRNF and then compare it to what Pagnano said about why the deal fell-through. Who do you believe? Given Natural Harmony put out their statement to their shareholders prior to HRNF, it is almost comical that Pagnano may not have even seen this prior to making his conflicting statement to shareholders.
See IBOX for:
NATURALHARMONY IS THE ONE WHO MADE THE DECISION TO NOT GO THROUGH WITH THE DEAL...
gapper - just providing some balanced opinions as an alternative to those posted by the stock promoters that the company paid and/or third parties paid hundreds of millions of shares for those stock promotion efforts.
Thanks for asking. I'm guessing many longs would love it if they could have the stock promoters post their bogus stuff without dissenting opinions. No one can make you do DD or see the real business model of dumping discounted shares by the billions. The current tactics do not differ from what HRNF has been doing for years. Try asking a long that may have had $10K invested and now see their investment worth a couple pennies or less.
Still seeing NO BID for PYCT
anyone surprised? The bloated share pool gives people little reason to buy, along with the disclosure practices of Pillay and PYCT.
Just look at how his WMDH is doing. LOL
gapper- patents? LOL
It is a common fluff PR tactic to mention real companies with real products to try to give sucker investors a sense of credibility of the company making these sort of "patent" application claims.
One only has to look at the "delivery" system patents already in place by other companies that deliver nicotine and other drugs to see that this is likely just a attempt to let them dump billions more shares trough fluff PR's.
They sure got you. LOL
Will you be just as excited when you see no bid, $0.0001 ask? Will you be as excited after they need another reverse split to let them still dump shares at much lower prices?
gapper - I see you still can't figure out the real Pagnano. Too bad you got sucked-in before the real dilution begins. You will definately have a different opinion once there are 10 or 15 billion shares issued and you see your "share" of the share pool a fraction of what it is right now.
Try reading through recent PR's, especially the one about needing up to $3 million in financing. Then do the math to estimate just how many dilutive shares will need to be issued. Pretty scary thought, huh. This kind of dilution is nothing new to HRNF. Already this year, Pagnano has diluted from around 35 million shares outstranding at the 2009 reverse split, to almost 2.5 BILLION shares issued and outstanding now?
China has been poisoning USA kids and others with their toxic toys and other product for years. Flushaway made in china doesn't give many confidence.
gapper - not good news for HRNF - (Massive dilution)
We already know that almost ever share traded is a newly-issued share dumped by HRNF. HRNF has been diluting as fast as possible, al while apparently misleading investors that they are buying back and the O/S count will be going down.
There are almost 1.5 billion newly-issued shares dumped on the market through HRNF since those PR's.
Pagnano's track record is not one he should be proud of. I'm not sure anyone that does DD would believe anything that man tries to get the most gullible to believe.
I even think he may have lied in his latest finacials, IMO. He stated the company is debt-free, when he (Pagnano) obviously knows they owe judgments, court-ordered judgment, and notes they promised the Florida attorney general they would pay.
I wonder if someone sent a copy of that "debt-free" PR plus copies of all the judgments against the company to the SEC tipline, would Pagnano get charged with filing FALSE financial reports by the SEC or FINRA?
plus, safety of the flushaway film uncertain? The biodegradable product I see out there now is marketing that their pads don't have the polymers on the liner portion that are next to the body.
flushaway has a type of polymer used in their proposed product. The uncertainty of what this polymer or film will do to the body may make it even less likely to sell. Remember the Toxic Shock concerns that still exist today? This was mostly associated with tampon internal use, but is also sometimes associated with external pads and even with no pad/tampon use at all.
NO BID - Market cap still far too high
Once PYCT does their reverse split, which I believe will be needed to allow the market cap to drop fast, then the PPS can drop rather quickly.
Most retail investors could NOT sell, if they wanted to, at these high prices.
dcjr - false
companies issue unregistered shares all the time, relying on an exception to the rules requiring registration.
The SEC is going after more companies that falsely relied on such exemptions from registration, though.
Regulation D, Rule 506 of the Securities Act of 1933 is one exemption rule, exempting from registration certain securities marketed through private offerings.
Since implementation of this preemption, scammers nationwide have gravitated to this type offering because it
presents the appearance of legitimacy while not requiring documentation or other details of the offerings to come under
the direct scrutiny of regulators. The exemption has been used successfully by scam artists to steal millions of dollars
from investors through false and misleading representations.
Read the latest update from HRNF on 9/8
That's where you can see the hint of more impending massive dilution.
"is arranging for up to three million in private capital"
Trum - there are no shorts or naked short issues
The company basically confirmed the lack of naked short problem with the results of their so-called stock audit.
A few here keep trying to claim naked shorting, because that's what scammers tend to do. Theyt seem to want to dump their shares, but with PYCT at NO BID, it is very difficult to sell at any price.
SEC investigation - blast from the past from Riverbank message board....after all the bogus stuff Pino pulled on investors and others, why wouldn't someone sue PYCT. It is the same company...just a name and ticker symbol change does not make it immune from actions the company undertook.
.............
Posted by: MFridge Date: Friday, June 30, 2006 12:18:54 PM
In reply to: vetteman98 who wrote msg# 9 Post # of 20
PYCT used to be MLON. Check out the history to see what a gem Crasta is "rewarding" you with... Their history is long. PYCT's PRs over the last 6 months have been hilarious. Enjoy.
(BSNS WIRE) Mellon Research, Inc. Corrects Previous Press Releases
Mellon Research, Inc. Corrects Previous Press Releases
Business Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 4, 2005--
Mellon Research, Inc. (OTCBB: MLON.PK) is issuing this
press release in order to provide corrections of information contained
in previously issued press releases. The information contained in
previously issued press releases should not be relied upon.
Business Model and Services
Mellon Research's business model is to provide consulting and
venture capital advisory services to microcap public and private
companies. In this connection, it seeks to provide advice regarding
corporate structure, financial and marketing to help its client
companies position themselves to raise capital, go public or otherwise
carry on their business plans. Mellon is not an investment banking
firm or a registered broker-dealer and it does not provide securities
brokerage services.
Securities and Exchange Commission (SEC) Investigation
The SEC is conducting a formal investigation of the Company. The
Company and Mario Pino, its sole officer, director and a principal
shareholder, intend to cooperate fully in such investigation. The
SEC's investigation has recently commenced and the Company can offer
no assurances or predictions regarding the outcome of such
investigation.
Earnings Forecasts and Valuations
The Company has retained an independent public accountant, who is
conducting an audit of its results for 2004. As a result, it will not
know its operating results for fiscal 2004 until the audit is
completed. Further, the Company will not issue any forecasts regarding
its financial results for 2004 or 2005. It disclaims and withdraws any
prior forecasts of operating results.
The foregoing policy of the Company not to forecast also pertains
to any past announcement of levels of fees or the value of securities
in companies received for consulting services or otherwise or received
in exchange for stock of Mellon. The Company disclaims and withdraws
any prior forecasts of the amount of fees received or to be received
or the value of the stock positions that it holds in other companies,
including, but not limited to, Intellective Communications, Inc.,
Pearl Asian Mining Industries, Inc., Wall Street Securities, Inc.,
Equity Retirement Distributors Canada, Ltd., Western Pacific Minerals,
Ltd., and Riverbank Investment Corp.
Value of Mellon Research and Offers to Sell the Company
The Company is not engaged in a tender offer with any third party
and it has never solicited a tender offer for the Company at any price
per share from third parties. There have been no bona fide or written
offers from any third party to make a tender offer for the Company at
any price per share, including but not limited to $.05 or $.10 per
share.
Dividends
Mellon Research is required to comply with both federal and state
securities laws. These laws impose certain requirements relating to
distributions or dividends to shareholders. These regulatory
requirements apply to the shares of Wall Street Securities distributed
to the Company's shareholders as a dividend. The shares of Wall Street
Securities may not be traded in the public market until the Company
satisfies such regulatory requirements. The Company is analyzing
whether or not its business model of distributing shares of
subsidiaries, such as Wall Street Securities, or other securities in
its portfolio to its shareholders is feasible under present
circumstances.
Transactions/Projects
The Company has terminated its relationships with the following
companies without the rendering of any services or receiving of any
compensation: SurfNet Media Group, Inc.; a client in Cabo San Lucas,
Mexico relating to a real estate development; and Deal Flow Advisors,
LLC. Further, it is not pursuing any acquisition, license or similar
arrangement to obtain the Kidder, Peabody name. Neither the Company
nor Club XTReme plans to open clubs or have online gambling or sports
betting.
Financings for Mellon
The Company is not raising any significant investment capital from
third parties nor has it done so. It is also not offering to sell
positions in the Company to any third party, including major money
center banks or other institutional investors. Specifically, the
Company never received a bona fide or written offer from a third party
to invest $10 million in the Company.
Maybe the company did biz with MLON, which is the same company is Paychest (name/ticker just changed).
Figured they wouldn't catch it? Didn't Paychest get served? Isn't that how you "catch it"? LOL
There is no assurance anything will be dismissed, especially if there is association with MLON/PYCT and the filing indicated there is cause for action.
Almost EVERY IR will claim the case has no merit, but a judge decides that, not TOM.
dcjr - they do have to defend against the HUGE lawsuit
if they don't the court may enter a default judgment against the company.
Why would anyone believe IR? Didn't IR claim there would be a dividend? Did they find out they may have to actually REGISTER shares to do this? Is this why the delay appears to be permanent?
Excerpt from 2008 press release from the company....
PayChest, Inc. Corporate Update
Thu Sep 18, 2008 6:47pm EDT
VANCOUVER, BC, Sep 18 (MARKET WIRE) --
PayChest, Inc. (Arizona) (PINKSHEETS: PYCT). Due to the recent changes in
securities legislation, the company has had a small delay in issuing its
most recent dividend to shareholders. The dividend is intended to be free
trading stock rather than the usual restricted dividend (cannot be sold
for at least a year or more), and that is reason for the delay. We feel
that the small delay is in the shareholders' best interest. We do
anticipate announcing an ex-dividend date within the next few weeks.
Pretty hard to argue with Carl's opinion. One only has to do a little DD, read past fluff PR's, and then look at what really was done with HOP-ON (not much).
Why did HRNF claim to be debt-free when we know they owe a lot of money due to judgment liens and unpaid prize money?
Isn't that kind of claim a bit misleading?
If HRNF fails to disclose the money they owe in financials, regulators need to know. The judgment liens are right there, public info at sunbiz.org
gapper- yes, $0.0001 price target for HRNF
by me.
The real hint was that the company may need to resume massive dilution and need to try to get 3 million cash.
$3 million, at $0.0002 stock price? (I'm giving it that high of a price, but it may drop lower once massive dilution plans are anounced formally).
$3,000,000 / $0.0002 = 15 billion MORE SHARES needed.
Yes, sometimes hints allow investors to get out before the inevitable tanking of the stock price. I'm not sure you will figure it out, though.
dcjr - maybre Paychest will haved to file for Bankruptcy if it can't defend the lawsuit.
Pino seemed to have done did a lot of things with this company and to others that may be actionable in court. Paychest is the exact same company that Pino ran into the ground, they just changed the name and ticker and resumed the little-or-no-disclosure that Pino was infamous for. Pino seems to be in a world of trouble now, too.
H2 - yep, NO bid to start the week
No bid to end the week.
PYCT trying to hype "flushaway" product?
I see another company has a product by the same name. Won't there be trademark issues between the two companies?
here is the website data sheet for the other companies product with the same name.
http://www.simonizproducts.com/Business/images/customer-files/msds/Flush%20Away.pdf
Every last preferred share has now been issued
100 million preferred shares, per Lawson Pillay.
Pillay also named himself the statutory agent for PYCT, yet gives his address as British Columbia, Canada.
Wow, $0.0004 trades now printing
Looks like it may be on its way to no bid, $0.001 ask, especially after the last PR about trying to get more money.
$3 million at $0.0002 share price, less typical 30% discount to the financeer,means.... almost 21.5 billion more shares could be needed soon, IMO.
Do the math.
PIZZA This is not related to FUZE (www.drinkfuze.com) drink, which is the popular one.
There is no evidence that EXFUZE (the one that HRNF is among the multitude of little MLM-type distributors of) is either popular or nutritional.
One would think that, if EXFUZE were popular, FUZE would already have gone after them for dilution of trademark and stopped them from calling their product EXFUZE.
Dino - PYCT has no bid primarily because the share pool is a bloated mess. There could be close to 25 billion shares out or spoken for (from financing, company unwilling to disclose details) by now.
They may need another 25 or 50 billion more shares to pay for testing, marketing, and possibly to begin real production if it ever happens.
They have little or no cash in their coffers, at last report.
With HRNF dumping shares at almost record pace, it looks like there will be huge selling for the forseable future.
A reverse split will likely be needed, once the stock price hits no bid, 0.0001 ask like it did before the 2009 reverse split. HRNF has been diluting at ever-increasing pace since then.
No sympathy to RA's victims anymore. They had plenty of evidence that his business model was one big scam....for years.
For PYCt, there is no naked short concern
This was confirmed by the company's stock audit.
dcjr - nonesense market cap is already stratospherically-high at $0.0001, currently seeing No BID
dcjr - stock price manipulators can make no bid penny stock look like they are trading at higher prices, temporarily, as part of pump/dump scams.
Just look at HPNN's trading earlier in 2009. There were $10, $12, and other tiny trades at ridiculously-high prices just to make it look like the price was higher.
The SEC warns about organized crime, other criminal, and other stock price manipulation that can occur in thinly-traded penny stocks wilth questionable disclosure practices.
There are also scammers that try to make people think that there are naked shorting issues with similar pinkies and even co's like Overstock....LOL
neptune - because I can be here. I sometimes like to follow companies that do things to their shareholders like Pagnano seems to do.
You can call it a form of entertainment, if you like.
What is your excuse? If you bought before or just after the 2009 reverse split, how does it feel to have your share of the company's equity fall so sharply in such a short period of time? If you bought prior to that, more sympathy is in order....LOL
To anyone concerned. See IBOX share structure update. MASSIVE DILUTION appears to be ongoing and growing exponentially. It is hard to believe there were around 35 million shares out as of the reverse split earlier this year. I guess past history of what this company did in 2007 & 2008, after those reverse splits, is now repeating itself.
Is there any wonder the latest fluff PR did not include any of those highly-dilutive details?
Selective disclosure evident might make one wonder if much of anything the company spews is reliable, IMO.
Some investors will never learn or do their DD.
If they did, they would probably not want anything to do with this, IMO......unless they are a stock promoter or stuck shareholder just trying to get someone to buy their overvalued shares.
MFridge - at least until PYCT provides enough info to the markets to get the big red stop sign and insider trading warning removed from that site. I think it would be a good idea...kinda balances things out a little better.
Maybe it would even provide an incentive for PYCt to provide more disclosure, given the track record and admitted SEC investigation of the company while Pino and Cerda were involved.
USXP shares now revoked
ORDER INSTITUTING PROCEEDINGS PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND REVOKING REGISTRATION OF SECURITIES
http://www.sec.gov/litigation/admin/2009/34-60616.pdf
h2ever - this insider trading warning basically means anyone getting material non-public info from the company (Tom Hands, Pillay, paid stock promoters paid for by the company) and disseminating or trading based on it, are at risk of being charged for same.