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Yes, I can explain
but the post would probably be deleted.
a hint: a certain person tells a group when to buy to make it look like there is buying interest. Meanwhile, a certain company is dumping tons of discounted shares into the share pool. Soon, the bagholders that bought find they can't sell for even 20% of what they bought the stock for and are now trapped, as the certain person loses several more friends to the scam.
stock promoters dumping like crazy
Who'd have thunk they could finally dump their almost worthless shares given to them by HRNF?
another possible lie by mike about the Natural Harmony failed acquisition?
Heathrow dumped by Natural Harmony? 2-Jun-09 12:30 pm Posted by: PRmaniac Date: Tuesday, June 02, 2009 12:28:36 PM
In reply to: PRmaniac who wrote msg# 22932 Post # of 22933
Heathrow got dumped by natural harmony
Here is what Heathrow said, in their May 19th PR.
"We would also like to announce that HNFB will not be acquiring Natural Harmony Foods. After due diligence, it was thought best that we remain in the non perishable natural food sector and not take on the logistics of distributing frozen food."
Here is what Natural Harmony said, in their May 8th newsletter. I tend to believe Natural Harmony, who did DD. Was HRNF lying in the PR?
"Funding. In January, with no other apparent option, we entered into an agreement with Big Apple Consulting. They were to help us raise one million dollars or more, bring more market makers to our stock and assist us in moving to becoming fully reporting. About 6 weeks into the agreement they admitted that they were not having success raising funds nor helping the stock activity. They did propose a deal with Heathrow. We signed a Letter of Intent to be acquired by Heathrow. Through our subsequent due diligence we became concerned that Mr. Mike Pagnano and his companies were known for putting out tons of shares, then doing major reverse splits with little concern for the long term success of the underlying company. At the close of the 30 day period, we notified Heathrow we had no interest in going further with them.
On May 1, we notified Big Apple that we wished to terminate our agreement with them immediately with no further obligations by either party. They have yet to respond."
Lienholders could sieze HRNF's assets, if there are any. HRNF also owes another $1 million the the MDSO winning team.
Running a company out of a condo with two employees? LOL
I remember that kid that talked about mikie trying to get his dad to buy and sell when mikie told him to. Can you imagine if the SEC was able to prove mike was actually doing this to help dump dilutive shares?
neptune - insder info from the CEO once again?
We now know he also pays specific stock promoters and he appears to send out info to certain people, in hopes they "spread" the BS. Each time HRNF is actively diluting into any stock promoter activity.
didn't matt, from ihub, get indicted for his pump/dump activities?
Looks like HRNF will hit $0.0001 next week.
Once bagholders find they now are at or near 1.5 billion shares outstanding, and the dilution has been iincreasing exponentially.
Looks like another orchestrated paid stock promoter pump/dump coming, based on message board scammers on other boards, IMO.
Actually, it apeears to be well underway.
Don't forget: in any pump/dump, don't forget to dump.
2nd reverse split in 2009?
Oh, the horror, once they do this, the stock price will simply tank just like it did after the last three yearly reverse splits/name changes.
Yep, they now need another reverse split - 1:300 or 1:500
They just had one (1:300) a few months ago, and a 1:200 in 2008, and a 1:100 in 2007.
This will let the market cap drop 90% or more by the end of July.
Moderator - please update share structure on ibox. You can get the recent, but still outdated info (because dilution is increasing exponentially) at pinkseets dot com, then enter HRNF in the quotes box, then click on company info.
1.2 billion shares outstanding as of the middle of May. They may be at their share limit already today.
Outstanding Shares
1,200,000,000 as of May 13, 2009
Authorized Shares
1,500,000,000 as of May 13, 2009
Most are unaware of the massive dilution
pinksheets now shows most
Outstanding Shares
1,200,000,000 as of May 13, 2009
Authorized Shares
1,500,000,000 as of May 13, 2009
They may need a reverse split or to again double the share authorization, this time to 3 billion, within a week or two.
How about confessions of a Mario Pino "victim" or "unkowing accomplice" who admits he still has the money he pocketed from Mario's alleged (by the SEC) scam?
Excerpt:
"Now here I am, 4 years later, still holding onto the proceeds (net of taxes) that I’d earned simply by depositing a counterfeit scam stock certificate at an illegitimate stock brokerage house and selling 50 million shares of Bancorp International Group that didn’t even exist."
http://collegestock.com/blog/penny-stock-confessional-counterfeit-stock-in-the-shadows-of-wall-street/
A mario Pino connection with Pearlie
PYCT is the new ticker for MLON. Was the former MLON/PYCT CEO/president Pino doing a bit of funny "book value" accounting? We all know the SEC went after Mario Pino for forging shares of BCIT
(See SEC compalint against Pino. http://www.sec.gov/litigation/complaints/2008/comp20466.pdf )
Source: MLON International Ventures, Inc.
Mellon Exchanges Assets With Pearl Asian Mining
SCOTTSDALE, Ariz., Dec. 16, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 3,000,000 shares which is less than 5% of Equity Retirement Distributors Canada Ltd. (ERDTF.PK) from Pearl Asian Mining Industries, Inc. (PRMN.PK) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
The approximate book value of this acquisition by Mellon Research Inc. at the current market price is $45,000,000.
Mario Pino, Founder and CEO of Mellon Research noted that, "We are excited to be a part of Equity Retirement and believe that this acquisition will bring value and will diversify the holdings of Mellon."
E. Pearl Asian, Founder and Chairman of Pearl Asian Mining commented, "We believe in Mellon Research vision and look forward to their growth."
About Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. (PRMN) is a fast growing international and multi-national mining company that currently owns 12 gold, silver and other precious mining claims in Vancouver Island plus 50 silver mining claims in British Columbia, Canada, and a Philippines' Mining Production Sharing Agreement (MPSA), an equivalent to the Mining Rights in US & Canada. Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves, left untapped and abandoned for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create an orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is the community livelihood economic base that covers 1% of the total Philippines Gold Mines and a substantial amount of Gold production output. Drawing on world-class and world-renowned mining engineers, civil engineers, geologists, and support teams, Pearl Asian Mining Industries, Inc. is leading the Filipino mining industry into the 21st century. Pearl Asian Mining currently trades on the OTC under the symbol: PRMN.
About Mellon Research, Inc.
Founded in the fall of 2003 by Mario Pino - Mellon Research provides comprehensive boutique investment banking consulting services to enable private companies to raise capital via: IPO's, Reverse Mergers, Bridge Capital and or other financial vehicles. Mellon Research is the only multi-national boutique financial services firm that is offering client companies with a structured funding process built around its Financial Prep(TM) services. These services provide client firms with a methodology that helps them analyze existing corporate structure, financial and marketing needs to help them make the right strategic choices necessary to raise capital or go public.
Restricted shares free to trade this summer, too?
Wow, all that dilution may hit the share pool this summer.
How about his buyback BS?
He PR's a buyback and then doubles the share authorization and immediately starts dumping hundreds of millions more shares.
hadesdog - just wondering
What is your opinion, based on the questions I raised in recent posts about HRNF's truthfulness in its filings to pinksheets?
If one knows there are legal issues, judgments, default, etc., should they be indicating "None" in a sworn filing signed by the CEO Pagnano?
Was HRNF truthful...cont'd
from the same filing it made. Doesn't HRNF have court judgment(s), judgment liens, notes in default, etc?
Isn't HRNF required to post the truth in filings, or are they relying on the ignorance of regulators?
...................
11. any current, past, pending or threatened legal proceedings or administrative actions either by or against the issuer that could have a material effect on the issuer’s business, financial condition, or operations and any current, past or pending trading suspensions by a securities regulator. State the names of the principal parties, the nature and current status of the matters, and the amounts involved.
None
Note - was HRNF truthful in their initial filing?
Don't they actually have notes in DEFAULT , court judgment(s), Florida judgment liens, all requiring HRNF to make payment?
Here is an excerpt of what HRNF filed with the pinks...
6. any default of the terms of any note, loan, lease, or other indebtedness or financing arrangement requiring the issuer to make payments;
None
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20037
For anyone that believes HRNF CEO
Do you think they had even 1% of this revenue that they projected? Beware, IMO.
WGL Entertainment Holdings, Inc. Projects Revenue of $22 Million for 2007
Marketwire News ReleasesPublished: 03/27/07 07:00 AM EDT
WGL Entertainment Holdings, Inc. (WGLT) announced today that the WGL Million Dollar Shootout (MDSO) will produce revenues of over $22 Million for 2007. This includes licensing rights worldwide and format rights for Europe and Asia. The estimates are conservative and could exceed $30 Million.
"The MDSO brand is taking off all over the world and will begin to pay dividends to our loyal shareholders over the next several months. We are ready to break into the main stream as an entrainment company and move to the next level. New productions such as Hot Days & Hot Nights & the Golf & Poker Invitational will add to the revenue stream and launch WGL Entertainment as a main stream content provider for Prime Time television," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
--------------------------------------------------------------------------------
For more information contact:
Michael Pagnano
WGL Entertainment Holdings, Inc.
1-407-328-8538
Yep, still no divie date "set by Nasdaq"
or is it FINRA?
Maybe regulators remember what happened when wall street securities and Xstream were divies....LOL
In any case, a dividend may just make the NO BID situation right now even worse.
Expect a reverse split soon to help them dump even more dilutive shares. I see PYCT also has no disclosed how many dilutive shares need to be issued to pay for their current "funding", if there really is any funding. PYCt was almost completely without cash, as of last report.
Is PYCT preparing a reverse split announcement?
Maybe that's why they failed to provide finacials, as promised?
Correct, no naked short issue w/PYCT
The company confirmed this when they paid for the share audit.
It looks like these longs that have been seeing NO BID on PYCt for weeks and months are posting false that there are naked shorts to help them sell their shares, which are now pretty much worthless.
HRNF also promised the Attorney General
That they would not have any events unless the prize money was in escrow.
Appraently Pagnano doesn't think the Florida attorney general can/will go after the company. Maybe he's right.
Can you imagine if the lienholders filed to sieze the rights to the MDSO. They can sieze propery of HRNF just not the homesteaded condo they may be hiding from creditors in, IMO.
Maybe the Golf Channel found out about Pagnano and his failure to pay judgment liens and prze money he admits HRNF owes. They also admit they owe $1 million to the winning team from the MDSO (filmed in 2005). See past SEC filings where they admit they owe the $1 million to the winning team and promised the Florida attorney general they would pay other past prize winners.
All HRNF has ever done is lost money and dumped dilutive shares on the unsuspecting.
HRNF purposely avoides timely disclosure, yet diluted like the company is going belly-up in a few weeks.
Beware of latest PR's
Did you notice HRNF is trying to promote "distribution agreements"?
Did you notice he never discloses if those agreements are just "we agree we will claim we have an agreement"?
This is not unlike when he was using "letter of intent" statement to promote the dumping of hundreds of millions of dilutive shares.
Like a stock peddler, he needs to try to put out new and different ways to help him dump shares.
They'd dump even more shares.....if they could find more gullible people to become bagholders.
Pagnano is probably happy he can put out almost-daily fluff press releases to keep the stock price above NO BID.
He is counting on new bagholders to not do their DD and see how many billions of shares are issued and out standing....up from around 38 million shares right after the reverse split a few months ago.
List of judgment liens against Pagnano's (HRNF) company
Judgment Lien Name List
Filing Number Debtor Name Address
J04000018226 THE WORLD GOLF LEAGUE, INC. 258 E. ALTAMONTE DRIVE
J04000040774 WORLD GOLF LEAGUE, INC. 285 E. ALTAMONTE DRIVE
J05000101409 THE WORLD GOLF LEAGUE, INC. 2139 WEST STATE ROAD 434
J07900007260 THE WORLD GOLF LEAGUE, INC. 2139 WEST SR 434, SUITE 101
J08900000257 THE WORLD GOLF LEAGUE, INC. C/O NRAI SERVICES, INC., ITS RA
J08900012458 THE WORLD GOLF LEAGUE, INC. 963 HELMSLEY COURT, SUITE 107
J07900007260 WGL ENTERTAINMENT HOLDINGS, INC. 963 HELMSLEY COURT, #107
J08900000257 WGL ENTERTAINMENT HOLDINGS, INC. C/O NRAI SERVICES, INC., ITS RA
HRNF has judgment liens against it
Highlights from the sunbiz (Florida) judgment lien site
-The judgment debtor may also select personal property worth up to $1,000, and one motor vehicle worth up to $1,000, as exempt property. Only people have exemptions. If your judgment is against a corporation or a partnership, the sheriff can seize all of its property. Of course, the sheriff can only levy on property the judgment debtor truly owns - not property owned by somebody else, such as leased property.
-If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale. This process is called execution.
Triforce - beware of HRNF projections
Look at past revenue and sales projection HRNF has put out over the past few years. Then look at how they failed miserably in achieving even a percent or two of those projections.
It looks more and more like HRNF puts out press releases with projection like this to help with their massive dilution. HRNF doesn't provide disclosure about this massive dilution, and even tried to get people to believe they would do a buyback and reduce the oustanding share count; all while dumping hundreds of millions more shares on unsuspecting investors.
You may notice they even increased the share authorization, recently doubling it to 1.5 billion shares.....without disclosure to investors.
hadesdog
This is the link to the news, the newsletter about HRNF getting dumped: http://www.naturalharmonyfoods.com/Attachments/Natural_Harmony_Foods_May09_Update.doc
Peter's (HPNN CEO) felony probation officer.....he now gets to report in Cali, instead of Nevada. He still has to get special permission to travel.
ib12 - nothing wrong? Hmmmmmm
Maybe you should read some of their past financials to see what they ADMITTED they did, all while warning that shareholders or regulators could take action.
How about putting out press releases about stock buybacks, all while dumping hundreds of million MORE shares within days?
Any company putting out false and misleading info, or paying stock promoters to do the same, can have actions taken against them. If we took a poll, I'm guessing there would be far fewer that say the company has done nothing wrong, IMO.
HRNF summarily dumped deal with HRNF for CAUSE
Someone might want to put a link on I-Box to the Natural Harmony company newsletter where they gave the reasons they dumped HRNF. Note that these reasons were published well before Heathrow put out their info, giving a conflicting reason (was it a lie by Pagnano?) for the acquisition failure.
................................
Heathrow dumped by Natural Harmony? 2-Jun-09 12:30 pm Posted by: PRmaniac Date: Tuesday, June 02, 2009 12:28:36 PM
In reply to: PRmaniac who wrote msg# 22932 Post # of 22933
Heathrow got dumped by natural harmony
Here is what Heathrow said, in their May 19th PR.
"We would also like to announce that HNFB will not be acquiring Natural Harmony Foods. After due diligence, it was thought best that we remain in the non perishable natural food sector and not take on the logistics of distributing frozen food."
Here is what Natural Harmony said, in their May 8th newsletter. I tend to believe Natural Harmony, who did DD. Was HRNF lying in the PR?
"Funding. In January, with no other apparent option, we entered into an agreement with Big Apple Consulting. They were to help us raise one million dollars or more, bring more market makers to our stock and assist us in moving to becoming fully reporting. About 6 weeks into the agreement they admitted that they were not having success raising funds nor helping the stock activity. They did propose a deal with Heathrow. We signed a Letter of Intent to be acquired by Heathrow. Through our subsequent due diligence we became concerned that Mr. Mike Pagnano and his companies were known for putting out tons of shares, then doing major reverse splits with little concern for the long term success of the underlying company. At the close of the 30 day period, we notified Heathrow we had no interest in going further with them.
On May 1, we notified Big Apple that we wished to terminate our agreement with them immediately with no further obligations by either party. They have yet to respond."
Looks like HRNF needs to dump shares again
Beware - HRNF is dumping hundreds of million, if not billions of shares under the guise of a buyback announcement they made. They already had to double the share authorization, soon after their reverse split earlier (so they could dump even more shares).
This is the third reverse split in 3 years, destroying basically all shareholder value each time.
Call the Transfer Agent for HRNF, listed in the IBOX above, to see just how the share count is increasing exponentially once again (with little or no disclosure by the company to their shareholders or the investing public.)
ib12u - HRNF's revenue and other projections have been WRONG since inception of yearly-reverse-split constantly changing failed business model company.
One only needs to go to past press releases, then look at financials to see that HRNF has failed in almost every way....since inception and during CEO Pagnano's entire career with the company.
LOL - new fluffie press release
HRNF must have hundreds of millions more share to dump, because they are still trying to get people to believe distribution agreements are a good thing. They are justt fluff.
HRNF actually has no production of the product for real mass sales. They are only doing a "trial run" for samples for now, per their own admission.
What was updated on ibox? Was anything changed?
Anyone have updated share structure info from the transfer agent and does anyone know if HRNF has already increased the share authorization above the 1.5 billion share level that they increased (through Delaware, their state of incorporation) to deal with the massive dilution Pagnano is putting shareholders through without disclosure?