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Looks like HRNF is diluting even faster
Trying to dump as many shares as possiblebefore shareholders find out they have just doubled the share authorization in a delaware filing. DILUTION nightmare is getting worse.
charts do not apply to non-reporting stock where almost every share traded is a dilutive share issued to try to stay afloat s little longer.
You should know that, being an admitted paid stock promoter and apparent scam supporter.
Treading at 52 week low. Could see $0.0001 by next week on dilution and no revenue woes.
All the liens in florida against the company is also a big concern.
The company obviuously doesn't have any cash to pay their obligations. Note: They have almost no cash left, at last report.
52wk Low/Date
0.0004 5/5/09
HRNF PRICE TARGET = NO BID, $0.0001 ASK.
THATS MY NEW PRICE TARGET FOR THE NEXT 60 DAY TIME PERIOD.
HRNF may need a reverse split soon, too.
sharkerzz - chartists are not calling this any bottom.
Why do you post false info here, especially when you disclose you are paid by Pagnano's company to help promote this? You are held to a different set of rules when paid to pump.
Even you dshould know that almost every share traded is a dilutive share issued by the company for serfvices, promotion, or cash to stay afloat. Technicals and charting do NOT APPLY TO SOMETHING LIKE THIS.
HRNF - no bottom in sight
Most shareholders are not even aware that Pagnano has been diluting like he is trying to get it to $0.001 in record time once again.
HRNF preparing for massive dilution once again
HRNF just increase the share authorization, doubling it to 1.5 billion shares.
The dilution nightmare for longs is just getting started.
scal - Pagnano was hoping no one would find out he just doubled the share authorization and has massive diltion in the works once again.
This should soon be at NO BID, $0.0001 ask soon.
The HRNF will need a reverse split like earlier this year.
TAKI - remember the "dilution not needed soon" comment from the CEO.
Here is the excerpt in Pagnano's own words (lies?)....
"and not require the further dilution of shares to pay down debt."
and
"convertible debt which causes tremendous dilution will not be necessary"
Seems to me he forgets about what he says almost as soon as he pays the approx. $100 cost to put out a fluff press release.
no, garyev - just pump/dump type press rleases, IMO
Massive dilution is likely and the company still can provide the audited finacials it has been promising for years and years.
Check Peter Michaels on the list of convicted felons and see what he was convicted for:
Then you know why the gambling thing won't work at all.
HOP-ON listed as "in default"
By: rs4racing
04 May 2009, 02:26 PM EDT
Rating: Msg. 74629 of 74629
Jump to msg. #
News: HOP-ON goes into default
From Nevada Secretary Of State website:
Business Entity Search
Search by Entity Name: Entity Number: Officer Name: Registered Agent Name:
Include phonetic matches
Entity Name Entity Number Status Type
HOP-ON, INC. C2878-1993 Default Domestic Corporation
HOP-ON WIRELESS, INC. C10085-2001 Revoked Domestic Corporation
Funny Pagnano using military angle...LOL
He tried that before and failed miserably. Doubtfull HRNF will have much of any real revenue.
Beware:
Here is a past PR projecting revenue. Look at the filings after that. NO REVENUE
WGLE WGL Entertainment Holdings, Inc. Projects Revenue Stream
Market Wire - October 30, 2006 7:08 AM (EDT)
ORLANDO, FL -- (MARKET WIRE) -- Oct 30, 2006 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLE) announced today that it expects the WGL Million Dollar Shootout (MDSO) to produce over 12 million dollars in revenue during its first airing season. This includes twelve international markets and the United States and Canada. Subsequent seasons will push the brand revenue to an estimated thirty million dollars over the next two years
They will need to increase authorized shares to 5 billion soon.
Remember, there were around 38 million shares right at reverse split time. Pagnano has been diluting even more drastically than any other reverse split (2007, 2008). This thing will be at no bid, $0.0001 soon.
Too bad people didn't just short the stuff shaker tries to proomote. Seems like a good bet, especially with his lack of talent and knowledge, IMO.
Will the promoters discuss gum safety concerns?
Heath risks of Acai gum. I thought another company developed the gum and HRNF was just paying the same company that makes similar gum for other co's?
I agree about some pinksheet stocks being decent.....some.
These often have little chance of getting financing through traditional means and can sell shares and dilute to get money they need to advance their business plan. Some fail, some do well enough to eventually get listed on the OTCBB or Nasdaq.
Many, however, can't seem to admit when they have failed and keep doing the reverse split thing and change their name and ticker often, hoping the gullible will be conned by their bogus revenue projections and paid stock promoters.
Keep up the good work. Your comments about checking past press releases and filings and comparing them with what actually happened (and in most cases did not happen) may have helped more than one investor avoid investing money in companies like this one.
hadesdog - the SEC/FINRA get money from EVERY trade, yet they seem to do little or nothing about most pink sheet scams.
This to me, is like taxation without representation.
When we found out that Pagnano was buying/merging with a company he already was listed in Florida as an owner of and was doing due diligence (Heathrow), I wondered why he did not disclose this conflict of interest.
I considerd asking the SEC/FINRA if this is legal. I still have NEVER seen any disclosure of any kind indicating that Pags and Calvi owned Heathrow prior to WEHI buying their company. Now I am really wondering about that person that posted about Pags approaching his dad about Pags telling him "when" to buy and sell. Was this a ponzi scheme of a different kind. Was it some kind of fraud.....telling friends when to buy to help others dump their dilutive shares? Would those friends lose all their investment like most everyone that has invested in PAGNANO'S company?
a big Zero on revenue for HRNF for all those time periods.
That is far different from what HRNF projected....LOL
PERIOD ENDING 31-Mar-07 31-Dec-06 30-Sep-06 30-Jun-06
Total Revenue - - - -
Cost of Revenue - - - -
May have to raise authorized shares to the billions.
Just look at HRNF's filing. $1,000,000 in shares
Just how many shares is that at $0.0003 or less? remember, the placement probably includes a steep discount to avg. trading price and the investors can probably sell immediately to lock-in their profit.
This could easily drive HRNF to $0.0001 and add 3 billion or more shares to the O/S pool. Dilution......yep!
Massive dilution coming....
No wonder Pags tried to get his loyal bagholders to spread buyback news to help disguise the massive dilution.
Maybe they are buying a few shares....but the dilution could be at a 15X greater rate and appears to be increasing exponentially per info from the TA on OS count.
Done? Nonesense. You may be forgetting the PR about the media blitz. They will need to keep doing non-stop press releases and keep paying these slimy stock promoters to help them dump billions more dilutive shares.
The stock price may drop significantly, but the hype and bogus projections by some will continue until long after HRNF gets to the NO BID, $0.0001 ask next month.
Then they will reverse split, and dilute it into the ground all over again.
Remember this from a Golf prize winner
Posted by Love the Market on May 26, 2004 22:28:
I'm sure you mean THIS. It's been posted on threads everywhere... I had a bunch of friends with this last year - hope they're all out......
From the UVCL thread on RB:
Guys I dont know if you have heard of WGFL (The World Golf League) but they had their big tourney in Scottsdale AZ this last week. Read this...its hilarious stuff...LoL
________________
THE FIASCO (condensed)
PART 1 My report on the WGL World Championships all of this of course is my opinion based on the fact that I was actually at the event.. First and foremost all of you who have seen me post on this board since the company has gone public know that I have been a huge supporter of the company and mostly the concept. I have listened to many people bash the company and the CEO and always defended them. I have always acknowledged that there have been problems and obstacles to overcome for the WGL to succeed and fully believed that they would do so. That being said I will now tell you what happened this past weekend which has changed my mind FOREVER.
PART 2 I am sure I will forget some of the details as I am so angry and frankly pissed off it is hard to even type this.
First of all anyone going to the website will see that the prize pool was supposed to be 50k with NO disclaimer that it could change. Well first problem of the weekend is when everyone gets there after spending close to 1000 dollars on airfare and accommodations and rental cars we find out that the prize pool has not only been cut down to 25k but also only the top 3 teams will be paid. One of our teammates and a guy from another team was told it was changed so that everyone on the team would receive the prize amount and it would not be split 4 ways. (not true of course) Then we find out that the team matchups that were supposed to be random have been set up so that certain teams only have to play against inside people (insiders to the company) and given a very unfair advantage. Long story short on this point is that on the final day with the competition still in the air the celebrity group of Lawrence Taylor and Ricky Jackson somehow get paired against Mike Pagnano and his son. So needing to sweep all of there matches surprise surprise they did and won the tourney not to mention that they were the last group to come in and post there scores after one of Mikes buddies went out and told him what the standing were. To prove this point it was said by Mike P to one of the alternates that had to fill in for someone who did not show that not to worry about who his teammates are as they don’t have a chance to win anyway as there are teams that are already planned to win. This is a direct quote by the way.
PART 3 We, about 15 competitors were approached after the final round by a guy so drunk he could barely stand and claiming to be a new director with the company and said to myself and others many times over the week that this was all for fun and what a great deal it was anyway just to get to play 3 rounds of golf as if this was some kind of excuse to change all the rules/pairings/money. And we should be grateful and so on. Well first of all this is by no means true. We could have stayed home and played three rounds of golf with our friends for free. The most disturbing part of the is that we were not informed before arriving for the event that the prize pool was cut in half. Otherwise I myself would never have gone with such a slim chance of winning anything. This was also the opinion of many others. Not to mention the fact that First place was so blatantly set up. The whole concept of this league is to feel like the pros and have a legitimate shot at winning money. Everytime it ends up that you never even had a chance before you got on the plane. Needless to say there was much chatter from day one until the end regarding the scam that this whole thing turned out to be. When I say much chatter I mean that everyone that was not a close friend of the CEO was boiling and there were conversation before after and during the rounds going on the whole time.
Now to the good part. My team actually came in third place which I am sure was a big shock to Mike, in my opinion he had 3 teams he had planned on winning and we upset his story book ending. So anyway we got to the banquet and had a nice meal and then the fun started. Mike got up in front of the cameras and proceeded to tell some fairy tale of wonderful event taking place that not to many people in the audience were aware of. Most of us were looking around at each other in awe as the events he described were not even close to what was reality, anyway he kept going on looking directly into the camera as if everyone else in the audience were just props. Then it comes time to hand out the awards. Our team was called first and we went up to shake hands and smile while holding our big check of $2500 to be split 4 ways (supposed to be $7500) then things got crazy.
PART 4 after accepting our check we walked off the podium only to see that one of our teammates had taken the microphone and began to speak. What he had to say was unbelievable. He looked right in the camera and said what a pleasure it was to play and meet such nice people and that the concept was great but unfortunately the whole thing was a scam. He continued by calling Mike a few choice names and expressing his aggravation at the total lack of integrity of the event and its organizers. This went on surpisingly for a few minutes before Mike grabbed the microphone and tried to push him off the stage. The guy went to go back to the table and Mike followed him and screamed for security to remove him. Then Mike made a beeline right for me screaming to me and asking if I felt the same way and blaming me for all of this. He tried to say I had set it all up. Well as powerful as I would like to think I am I had nothing to do with it. (That is not to say I was not involved in numerous conversations with more than half the field where we were all expressing our concerns) Well I agreed and said I thought the whole thing was a scam also. He wanted me to leave and I said I would not until I got my money. He continued screaming at me while my wife and teammates and there wives all sat there in shock. Then Mikes wife was next to me pinching my arm and demanding that I leave. I told her to get her hands off of me and then Mike tried to attack me. Needless to say I had enough at this point and stood up to confront him only to be attacked by Lawrence Taylor and the other Friends of Mike (all football size guys) I was thrown through the banquet doors by LT into the hall and then pinned up against the wall by my neck and arms by 5 guys. Then the coward Mike hit me in the back of my head while I was being held by 5 guys. This went on for a few minutes back and forth before things were broken up. I must say that my wife was impressed it took so many to hold me down. I did manage to throw the one guy holding me by the neck to the side finally which was pretty impressive since he weighed about 300 and I am about 175 but I was pissed and being from a tough Italian neighborhood in boston I have had my fair share of bar room brawls. Hahaha. I of course was enraged and wanted a piece of this coward who would not come near me unless his entourage was in front of him. I can only say at this point that I am absolutely beside myself that this could happen. He kept saying that we were all invited guests and we should just be happy to be there. Well that is not true. We are paying members and investors some of whom are owed large sums of money still and continued to support the WGL. We are all entitled to our opinion and should not be attacked for saying it. What our teammate did was not done in the best way but it was not surpising and been coming for a couple of years. If Mike wants to play golf with his friends and give them money that is one thing but he has no right to steal and decieve others in doing so.
PART 5 At this point obviously I am done with this league and company and will do what I can to make sure that we get the total prize money we were told was being awarded. You can be sure that the FL AG will be made fully aware of all of this as well. Not just by me but by many that were there. I apologize to all the longs on this board as this not what I wanted to come back with. I know we all had high hopes. I can also assure you I will be selling all my shares ASAP and taking any and all legal action I am afforded under the law.
PART6 As you can see from the pictures that after our 3rd place team pic there is only one guy holding the check for second and the first place team which are all of Mikes friends were the only few left in the room. Notice by the way that LT is not in the pic (the big guy is Ricky Jackson)as he was outside when the police came keeping his distance. Well I am done I don’t care what any of you bashers have to say as it is and always will be speculation on your part whether it is right of wrong. I have always told the truth on this board and wont stop now. When I say the truth I mean I was actually there and not just giving heresay. I was wrong in thinking this company would learn its lessons and improve going forward. As an ex pro athlete myself I am saddened that the opportunity for such a great competition is being destroyed. It was never about the money but the chance to compete and feel like a pro. I can only hope that someone else picks up on this concept and runs it the right way. Well at this point I want to thank my teammates for a great week and special thanks to gambling man (one of my teammates), Greg and his wife and to my wife. And to Karbo and his Ohio team thanks for the great match on Saturday you are all a great bunch of guys and true gentleman of the game. I also want to thank some of Mikes friends that came up to me and apologized for the despicable behavior and treatment I had received, that was a classy thing to do. Oh yeah by the way none of the other celebrities such as Wayne Gretzky were there as stated in previous press release. To all the rest of you good luck……………player
- - - - -
Remember these projections from Pagnano?
Look back at SEC filings from their 10Q's, etc, and you will see that their "booked" sales appeared to be cpompletely bogus, as far as actual revenue goes.....
ORLANDO, Fla., Nov 09, 2004 (PRIMEZONE via COMTEX) --
The World Golf League, Inc. (OTCBB:WGFL) announced today that it has closed another wholesale membership contract worth $3,000,000 with Upwon, LLC of Orlando, Florida. The WGL will deliver 60,000 memberships over the next six months to be distributed by Upwon, LLC to the Leisure Cruise Industry.
"This represents another major milestone for the WGL wholesale membership program with the introduction of the WGL concept into the Leisure Cruise Industry, which represents millions of potential customers for The WGL Inc.," said Mike Pagnano, CEO of The WGL, Inc. The WGL, Inc. has booked $12,500,000 in wholesale membership sales over the past three months and has raised its expectations for 2005 to 300,000 wholesale memberships and $15,000,000 in sales.
HRNF won't get any contract with the military.
You need to understand military procurement to see why.
also:
They can't let soldiers have something with as many health risks and warning as Acai go to our brave soldiers.
Not many know about Pag's new massive dilution plans.
With this registration becoming effective, the PPS may even drop to $0.0001.
This would mean, for $1,000,000 in that registration at a 30% discount to $0.0001:
there would be the need for $1,000,000/$0.0001/0.70 = 14.285 billion more shares issued.
Moderator - please put post #22487 as Sticky Note
This new offering of discounted shares is very important for shareholders who believe Pagnano's (dilution will end soon PR) to see what Pagnano is really planning to do to current shareholders - and it isn't pretty.
Yep, Mike's bogus revenue projections have been proven to be bogus time and time again.
He even warned, in a past SEC filing, that regulators or shareholders could take action for the company's projections.
Huge dilution planned with that registration
$1,000,000 at $0.0003 means
over 3.3 billion shares-worth of dilution.
Looks like Pagnano will need to increase the share authorization to 5 or 10 billion shortly.
Technicals- HRNF poised for huge tankage
and looks like dilution is ramping up. HRNF may be at its limit of 750 million shares soon, and the PSS is headed toward $0.0001.
He doesn't have to ever make money
He can just keep dilution and then do reverse splits to run the latest group of shareholders into the ground, like he has become so good at.
If there was an award for destruction of shareholder value, Mike Pagnano would be in the running for the top prize.
How is HTRNF paying for the gum? Dilution?
Looks like massive dilution is resuming, except not nearly as many suckers are likely to buy at these super-high prices.
Here is one of the many that make the gum
And we make it easy...
Give us your CONCEPT and we'll prepare the FORMULATION using information from the marketplace, competitive products, new research and traditional approaches. By working together, we will formulate a product that fits precisely into your marketplace, positioned perfectly for price, efficacy and appealing to your consumer's knowledge, lifestyle and attitudes.
Once we finalize the ingredient details, we'll prepare a label design and send you an image of your product in your own PACKAGING and with your own LABEL DESIGN .
And then, within just weeks, you have a FINISHED PRODUCT , your product. And every time a consumer buys your product and feels the beneficial effects of a well designed and ethical product, they become your consumer who will come back again and again to your company for their nutritional needs.
Doubtfull HRNF is producing any gum.
This looks like they are having a company produce it for them in blister packs. I see this company also taylors the ingredient list to allow it to be slightly different for some customers that pay more per unit.
Looks like a huge money-loser for HRNF, given Pagnano's business lack of success record.
investment group? LOL
are they getting tons of preferred shares, each convertible to tons of common?
PYCT only has 5 billion or so shares left to dilute, so thety will need a reverse split soon or will need to raise the authorized to 50 billion shares or more.
Petie is just thumbing his nose at the SEC, IMO
Daring them to take action, which would allow additional publicity.
The last Pr is misleading, at best.
Apparently there is no company by the name he indicates, unless this is a comapny he sorta created to facilitate the PR.
I doubt there was any licensing at all....just a license create by hop-on to help them issue a fluff press release. The child-like writing in the PR sure doesn't inspire confidence that there are any educated people at hop-on.
Typical hop-on to issue stuff that can't be verified and to use established company or media entities to try to create an air of legitimacy. Looks like investors know all too well that this company is not to be trusted, IMO.
Boycott of the Golf Channel?
May have to promote a boycott of the Golf Channel if they allow a company to air the MDSO infomercial when HRNF doesn't pay prize winners and apparently still has not paid the $1 million prize money to the MDSO winning team.
tim - new reverse split in May
HRNF's market cap is much too high at current prices. When people find out this is the same old dilution nightmare Pagnano is known for, the PPS will again drop to $0.0001
Sure you made money, if you sold. Enjoy the next reverse split, IMO, if you are long. you saw what happened the last time Pagnano tried to get you to believe dilution would end soon and when he claimed a buyback while they were actually heavily diluting. Isn't that what is likely going on right now....if they can get anyone to buy at these high prices?
Some come back to the trough many times, only to lose almost all their investment again and again with this company. I'm pretty sure mikie thanks longs for the blind support.
Do you thinks PAGS is shorting his own company's shares?
or maybe one of his frineds or business associates?
Just wondering.
Today's news: kinda makes you wonder what is wrong with the folks at that company.
Hopefully they can employ someone with a G.E.D. to proof their press releases. That one is like many of HOp-ON PR's.
Poor grammar.
Implies an agreement but actually confirms there is no signed agreement....just a finalized one LOL
No company seems to exist by the name of The European Union Company. Typical for some companies to put out info that cannot be verified by those doing DD. Big red flag for investors when you see stuff like this