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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?
We do need an update from the main moderator on share structure. Leaving that outdated info there is almost as bad as HRNF's non-disclosure practices.
Re: Heathrow getting dumped
If the Natural Harmony news is correct, then Heathrow was not the one that decided to not do the deal, it was Natural Harmony that dumped Pagnano's company.
I remeber when PAX network cancelled airing of the MDSO for non-payment of contractural amounts. HRNF's Pagnano claimed differently. I wonder if a certain CEO can even keep up with the stock promting stuff he puts out anymore?
Moderator - please update share info in I-box
Authorized shares were 1.5 billion, not 750 million. (Could even be more by now)
HRNF is dumping hundreds of millions of shares under the guise of a buyback press release. VERY MISLEADING - Beware.
Having hard time dumping shares today? Even witrh such a fluff PR and their paid stock promoters?
Looks like no bid, $0.0001 ask is coming very soon. Beware of the undisclosed massive dilution HRNF is doing amid their stock promotion and stock buyback misleading PR's, IMO.
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."
This is just like those so-called membership distribution stuff.
The goal appears to be to dump dilutive shares on the unsuspecting before they realize there has been so much dilution, one can't even get a bid for the stock.
Most investors are not aware of HRNF's dilution problem
Well over 1 billion of shares dumped in a short period of time.
Hopefully investors will avoid HRNF and Mike Pagnano (CEO), IMO.
learningasitgoes - here is the post about share count...from May 15th
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?
1.3 billion to 1.5 billion shares issued, per a previous poster around the second week in May.
Waiting for the moderator or anypone else to call the transfer agent to give us updated info. The info on IHUB is apparently wrong, as the company increased the authgorized shares to 1.5 billion recently, from 750 million.
For all we know, HRNF could have already notified Delaware their share authorization has increased to 3 or 5 billion shares. One wilkl have to get than info from the transfer agent or Delaware.
Maybe the SEC will suspend HRNF to protect investors from the lack of disclosure and what look like stock promoting while shares are under heavy distribution.
Beware of distribution agreement PR
This looks like a distribution agreement with somne other entity, not any named stores or chains.
Note the words "call for".....looks like no actual contracts for stores to actually purchase anything from HRNF.
Read pagnano's past PR's and you'll notice he puts out PR, it seems, to just help absorb some of the unprecedented massive dilution and destruction of shareholder value, without disclosure that he is dumping the hundreds of millions, if not billion of shares on unsuspecting bagholders. - beware
Beware of today's trading. Note that most of the trades at $0.0004 are $8 or less trades. Looks like someone is trying hard to make it look like it is getting a bid at that high price.
Remember, HRNF is paying stock promoters with large blocks of shares of stock and/or cash, all while the stock is under heavy dilution. Price manipulation by unscrupulous traders is not uncommon in bloated dilution-plagued penny stocks like this.
40-cent trades by PPS manipulator? LOL
Laughable morning paint the tape 40 cent trades for 1,000 shares each.
HRNF market cap is much tooo high, even when it starts trading at $0.0001 next wekk.
Beware of dilution (massive dilution)
By: rs4racing
15 May 2009, 01:32 PM EDT
Rating: Msg. 5008 of 5008
(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?
HRNF will be no bid, $0.0001 ask soon enough. Looks like almost all shares traded are dilutive shares dumped.
Most gullible bagholders don't know that HRNF is somewhere now near 1.5 billion (maybe a lot more). HRNF provides little disclosure, but does a lot of stock promotion to help them dump shares.
LOL - massive dilution = big sells
Almost every share traded has been a dilutive one dumped by HRNF
LOL - gum doesn't boost confidence
Note: HRNF aparently does not have production facilities, so they probably are farming the gum thing out. The trial run just allows them to put out more fluff PR's and likely stock promoting projections. Do they even have any money for marketing or any production at all?
Dilution is going to get really severe, if they aren't already at their share authorization limit of 1.5 billion shares (Note, IHUB info posted by the moderator is severely outdated already) Call the transfer agentr to see just how bad dilution is obliterating shareholder value, IMO.
I wonder if he has asked Delaware (state of incorporation) to increase the authorized to 3 or 5 billion shares, yet?
Yep, AWTI will never trade again - revoked by the SEC
......These five Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires domestic issuers to file quarterly reports.
As a result of the foregoing, these five Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
IT IS ORDERED THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registrations of each class of registered securities of ACT Manufacturing, Inc., Aerovox, Inc. (n/k/a New Bedford Capacitor, Inc.), Agility Capital, Inc., Air Water International Corp. (f/k/a Universal Communication Systems, Inc.), and Alpha Microsystems (n/k/a NQL Inc.) are revoked.
__________________________
Robert G. Mahony
Administrative Law Judge
http://www.sec.gov/litigation/admin/2009/34-59969.pdf
Natural Harmony deal is OFF - cancelled after Natural Harmony did DD on Pagnano and HRNF....
From the Natural Harmony website newsletter...
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.
Did Dennis Tichnor get paid his $1/2 million as part of the winning team of the MDSO.
HRNF's SEC filings indicate they owe the $1 million, which was due 30 days after airing of the final episode of the 2005-filmed MDSO event. The final episode aired on a network some years ago already.
Could this be where the gum is coming from? LOL
Wholesale Herbal Chewing Gums
Herbal Chewing Gums & Candies ...
We can produce any herbal chewing gum or candy product to your specification.
Herbal Gum to Your Formula ...
We can help your test your market with a trial run of herbal gum. Trial charges are for the laboratory costs, the herbal mix and to determine if the herbals used react adversely with the gum making procedure, so you are guaranteed a gum the tastes and eats well.
You specify the herbals that you would like used, and we can produce a minimum run of 10lbs weight of gum. Each piece weighs approximately 1.5g. We use 12 piece blisters for the trials.
Delivery is on average 6 weeks from your order.
If you do not have an exact formula, we can also advise you.
Chewing gums can be any flavor with a crisp outer coating.
Price is $3,500 plus shipping.
Label costs will be $2500 for 10,000 labels. You supply the artwork which we will re-size to fit your chosen packaging, such as bottles, tubes, blisters, box, bag or foil.
We currently have Hoodia Gordonii gum with a multi-vitamin, acai, mangosteen, Zen stress reduction, gums in trials. We also have a stop smoking in a candy lollypop. All gums and candies are sugar free.
Doubtful Acai gum will sell anything
apparently this is the same blister packs that a vendor sells to anybody and allows re-packaging with any co's logos
Sounds like a typical HRNF destined-to-fail business plan, based on the past failed plans the company has done.
Will AWTI be revoked, too?
http://www.sec.gov/litigation/admin/2009/34-59954.pdf
What happened to MDSO birdie? I wanted to ask mike's buddy what he thought of the Natural Harmony announcement that they wanted nothing to do with HRNF or Pagnano, after doing 30 days of DD.
Maybe that was mikie himself. Look for HRNF to avoid explanation of the acquisition/merger failure once again.Dumping shares for cash seems to be the only business model he can excel at, IMO.
Reverse split coming, I'm guessing.
Moderator - please update share authorization to 1.5 billion and show update current share count from the transfer agent, when you have a chance.
Almost a zwebner candidate, IMO. Sure wouldn't own HRNF at any price. You just know this will be at 15 billion shares outstanding in a few months. Maybe they wiill need a reverse split before July, now, though.
No bid is almost here.
Some of the judgment liens against HRNF and Pagnano
See if there is any mention of these as part of their debt/obligation and legal issues in their "unaudited" financials.
1. 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 %
2. 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 %
HRNF may announce another reverse split - maybe 1:500 this time.
Just so the stockj price and market cap can drop 95% or more soon.
Market cap is much too high....most investors do not realize the company has been dumping dilutive shares as fast as sucker investors are willing to buy them
Birdie the facts are - HRNF massive dumping of shares continues.
If you look at daily volume....almost EVERY single share traded is a dilutive share issued by HRNF. There were supposed to be between 35-38 million shares issued and outstanding when the reverse split happened.
There are now over 1.3 billion shares, per the TA.
1.3B / 38 million
Close to 36-fold increase in the outsytanding share count (without disclosure to the investing public).
The SEC needs to step in to protect investors from this company and its CEO.
Birdie, he has proven to be one of the WORST CEO's in the history of publicly-traded companies.
He puts out press releases that he seems to forget he put out as soon as the ink is dry....the one about dilution can end soon and touting a buyback while dumping hundreds of million more shares without disclosure was a complete and utter fabrication.
I know he is your friend, but I see you don't and won't own even one share of this company.
Since Pagnano doesn't even pay his co's obligations, I'm guessing you wouldn't loan the CEO a dime, either.
HRNF also owes $1 million to the MDSO winning team, payable 30 days after the final episode aitred on any network, per their previous financials.
The also owe money to past prize winners, as evidenced by the numerous judgment liens agains the company.
Yes, and we just found out the FBI is investigating the SEC's employees for Insider Trading - see news out today.
Trade at $0.0002 printed today
soon to be NO BID, $0.0001 ask, once people find out that the company has been printing shares such that almost EVERY share traded is a dilutive share issued by HRNF.
lars - the CEO counts on the fact that the SEC rarely prosecutes penny stock fraud.
He also counts on the fact that people rarely file formal complaints to the SEC tipline at www.SEC.gov, including the info and dates of press releases about buybacks and then supplemental info received from the transfer agent on massive dilution currently happening.
With enough complaints, the SEC sometimes suspends a penny stock like this for a period of time to protect investors.
typical pump/dump stock. Suckered a few. Now they are stuck with shares bought at much higher prices.
We already know that HRNF is not a stock to buy at these high prices....even $0.0001 is too high.
They have no revenue, little chance for revenue, are diluting at exponentially-increasing levels, and are not proviiding adequate disclosure to the public markets.
Neptune - can Mikie keep track of his own lies anymore?
Wasn't there an email from mikie claiming 200 million were bought back earlier. Now you mention 100 million shares?
All this, and close to or more than 1 billion shares are issued and outstanding, per your latest info from the TA.
neptune - if Pagnano has just recently filed for that $1M private placement, it does not seem logical that he would be able to limit dilution to under 1.5 billion shares (current authorized share count, per Delaware).
Those shares are usually given at a steep discount and can usually immediately be sold into any stock promoter or bogus revenue projection-induced temporary rally or volume increase.
Not sure where HRNF will get the money for 500k units of gum from that gum-making house.
I also don't believe Pagnano will buy back $500K-worth of shares from his dream of a $1m in revenue.
Much of the revenue is pass-through and there will be nowhere near 50% margins on anything. The you add the selling and admin. expenses, on top of the massive debt HRNF has and the judgment liens against the company.......a buyback will just be a token to confuse the gullible newbies his paid promoters are targeting.
Is share count well above 1 billion already?
Those that believed mikie about dilution can end soon just got trapped and may have a hard time selling at $0.0001 soon.
neptune - you believe mikie?
Didn't he apparently email someone else to say that they needed to dilute to around 1.5 billion soon to get a little cash to keep going and pay for stock promoters?
I see HRNF just doubled the authorized share to 1.5 billion, too? Coincidence?