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Did HRNF already pay new stock promoters? LOL HRNF warned investors they would have a new round of promoters and PR paid firm soon.
Looks like some of the new boyz here have the same M.O. of not doing DD, but trying to get others to think they will not lose their entire investment once again.
It is not a new company - it is the same CEO. He even had a failed merger, so he merged with his own company instead (Heathrow).
HRNF has numerous judgment liens, does not pay its obligations, owes $1 millon the winning team of its TV show MDSO, and has a record of non-disclosure that would scare any investor.
Yes they can reverse split that quick - and they will be back to NO BID, $0.0001 ask very soon.
Mistique - look at old SEC filings for this company
They even warn that they may be subject to action by regulators or shareholders, so don't even go there.
The company has destroyed shareholder value for years, and is already dumping hundreds of millions more shares without disclosing it to their shareholders.
If you've done any DD on this company, you may not be quite as optomistic. Traders of the Carribean? LOL
Maybe you should apply to be a moderator under this alias you are now using?
HRNF may need another reverse split by May
The market cap is much too high right now, and needs another 90% or more drop.
from the Ragingbull mssg board
By: rs4racing
08 Apr 2009, 01:30 PM EDT
Rating: Msg. 4986 of 4986
Jump to msg. #
Wow, dilution still happening . Almost 450 million shares out already.
That's 135 BILLION on a pre-reverse split basis (2009 reverse split of 1:300). HRNF had a share authorization of 15 billion just prior to the reverse split.
Shareholders are getting diluted into the ground once again.
No wonder pinksheets warns investors about this company
http://pinksheets.com/common/images/tier/logo_no_info.gif
No Information: Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months.
This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
It isn't wrong until the SEC files a civil suit against a company or its management, charging them with pump/dump schemes while the company knows the shares are under massive distribution (dilution). Not saying this is what is going on with HRNF. You make your own inference.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22889376
Re: Message from mike (--Is the SEC aware that he may be trying to do a spamming campaign while the stock is under heavy distribution?
Indicating to others to spread the news on the boards is definately the kind of pump/dump spam campaign that used to be done by email and fax to try to get people to buy dilutive shares being dumped to slow down the PPS decline. The SEC has gone after companies and individuals who are involved in this.
Make sure to save those kind of emails from any CEO or forward them to the SEC.gov tipline to ask if they consider this kind of material non-public advanced info to be cause for regulator action, IMO.
Nope, no buyback
Mike's been using stuff like that in Pr's for years to help dump dilutive shares.
Why would he buyback shares at market prices, when HRNF is dumping dilutive shares at a steep discount to the avg. share price? Sell low, buy for high prices? LOL Maybe he could make up for that kind of huge loss with higher volume of losses?
No Bid, $0.0001 ask for PYCT
Looks like the expected reverse split may come even sooner.
Birdie - Your admission that you own no HRNF stock (So you and the CEO can remain friends) speaks volumes.
You probably learning more about your friend than you ever wanted to know.
HIS OFFICE IS HIS HOME....ERR CONDO
TWO EMPLOYEES ONLY. APPARENTLY DILUTION IS STILL RAMPING-UP, TOO.
Did 7-11 and Circle K decide not to carry the product?
I just noticed a site where anyone can get gum like that made for them, and add their own branding to it, and call it their own....LOL
I sure hope that isn't what Pagnano was trying to do.
Not sure I buy that. It looks like there may be less dilution because there seem to be fewer buyers willing to pay these high prices for HRNF stock; knowing their investment may likely be worth close to nothing soon after they buy.
Just wait a bit until they pay tons of shares for a new PR machine to help them dump hundreds of millions more shares.
Soon even stock promotion newsletters won't even want to get any shares for services, IMO. Might be hard for them to sell when the price goes back to NO BID,$0.0001 ask.
HRNF may need a reverse split by May.
This thing is headed for $0.0001 in record time. Can you imagine what longs will think when they finally find out how many shares have been diluted in the last few weeks?
Pags is not disclosing this massive dilution and most that own shares do not read message boards or contact the TA to see the exponential rise in the dilution rate!
They only find out later after trying to understand why their shares have dropped in value 98-99% in a short period of time......AGAIN.
Many suggesting buying turn-out to be those or working for those getting free shares for stock promotion activities.
I'm guessing PAGs will hire or has already hired more stock promoters becuase it looks like dilution is still ramping-up and will continue to do so.
Some may have overlooked the $1 million Pags was talking about in that preliminary (with no financials) thing he sent to pinksheets. You can bet that is another toxic death spiral toxic finacing deal that will take hundereds of millions if not billions more shares in dilution to the current outstanding share count.
Pags projection that dilution may not be necessary soon is not something I would count on happening. HRNF's projections have been about as off-base as I've ever seen a company put out.
TAKI - no buyback even possible
They are almost broke, per their own admission in finacials. Less than $2K in cash on hand.
Birdie - what's so great about it? The business plan obviously is mosly diluting the company into the ground after each reverse split and also is to get a little cash from shares at a huge discount to their price. This little cash is the only thing keeping them afloat.
Do they have any other source of revenue? So far, only projections with no revenue reported! If you did somne DD on your friend Mike, you would see just how poor HRNF's projections have been. What do you think about your friend Mike's huge number of judgment liens he has not paid in florida? Is that the sign of a good businessman or more like a deadbeat dad-type that skips the state to avoid child support enforcement?
Do you think the lienholders will sieze the assets of the company soon?
Best bid drops to $0.0004
Probably still a ton of dilutive shares waiting for some unfortunate buyer.
HRNF performance - not good
and because they are diluting at a record pace once again, it look like it will get even worse
1 Yr % Change (TTM)
-99.82
Fraudulent PR's? They are only fraudulent if proven so in civil or criminal court. So no, they are not. Some may have opinions that some co's trading on the pinks are fraud machines, but until the SEC takes action, those frauds continue. Also, the SEC usually settles most of their cases because they do not have the resuorces to pursue most of the civil cases. They tend to set examples of some companies and suspend others temporarily to protect investors.
I would say that HRNF needs to file real unaudited financials soon, or risk the kind of suspensions seen on the WWW.SEC.gov trading suspensions link. IMO, of course.
Yes, bud, the selling is increasing exponentially
Sure looks like Paganano's projections were off the mark once again, doesn't it?
Now it looks like dilution will continue unabated and HRNF will need to increase the share authorization well above 750 million soon to prepare for all the preferred shares that can be converted at a discount in a few months.
TAKI - market cap is still much too high. HRNF has huge debt and judgment lien obligations, plus they already owe $1 million to the winning team from MDSO. This money was due 30 days after the airing of the final episode, which happened years ago.
WOW - moderators have flown the coop?
Was it something said......regulators? Not getting paid to pump the stock anymore?
I wonder if Natural Harmony will be sending the letter of intent marked (Return to sender)?
Race to dilute?
Race on between HRNF and Natural Harmony to dilute the share pool? HRNF seems to be winning for the moment.
I sure hope this company does DD on HRNF and all the judgment liens against them in Florida. At last report HRNF had less than $2,000 in cash, so a dea lfor cash and stock might not even be possible.
HRNF is a dilution nightmare, IMO.
They are not a producer of anything
They claim to be a distributor, but so far no evidence that they are distributing anything more than discounted dilutive shares for cash to stay afloat a little while longer.
They are probably working hard to get a few more fluff PR's lined-up. They only cost around $100, then the paid stock promoters and paid newsletters can help spread the fluff.
So far, it has only minimally slowed-down the decline. This amid an almost 12-fold increase of the oustanding share count, not counting the ones coverted to referred waiting until restrictions are lifted in just months.
409 million shares now x 300 (reverse split ratio) = 122.7 billion shares on a pre-reverse-split basis. Weren't there around 10 billion shares outstanding just before the reverse split?
Buyer beware - there is enough info out there warning investors about these penny stocks that provide little or no disclosure.
Many people have the get rich quick mentality. I usually save that for my gambles on options and occasional shorting of listed stocks.
I have no clue why anyone doing DD would buy even 1 share of HRNF. The CEO's reputation can be deduced from looking at past PR's and then seeing that little or no revenue has ever been generated from any of his ever-changing business models.
Based on his lack of success in running any business, I sure wouldn't be confident in his lates Heathrow plans. Even someone that was not a failure would have only a moderate probability of break-even. you can decide which catagory Pagnano deserves to be included in.
Some can be proud of what they do in life. I'm not sure others that keep a positive view w/o even considering doing DD before deciding post promotonal junk can be proud. Still others are basically white collar criminals, co-conspirators with the lying executives at certain companies.
Can you imagine if some promoters agreed to take restricted shares for their promoting BS?
They may be down 80%-90% already with no end to the PPS decline and no end to the dilution in sight.
Remember Pags stating that dilution could end soon? To me, that means sometime soon when the share price is $0.0001 and they can't sell dilutive discounted shares to anyone anymore. By then, they may have to increase the authorized to prepare for all those prefered shares that can convert to common at a steep discount in just months.
Then there is the question.....reverse split by May?
More dilution! This confirms that the stock promoters posted false info from the TA....they didn't even contact Henry, who isn't at all happy with those saying that no new shares would be issued. He has no way of knowing that. He can only gather info from what is happening and consolidate it after the close.
Be especially wary of shaker and the many others paid promoters posting here. Their inherent conflict of interest should have been disclosed. Shaker only started doing this late in his game (2 week period).
HRNF seen its low for the year?
Until after the open today!
Then you will be able to repeat this statement tomorrow.
redfisher - dark or defunct companies
lack of disclosure. I guess pinksheets didn't buy into their last info they were given by HRNF
pinksheets warns that co's like this should be treated with SUSPICION
and maybe the SEC can help
I see they have been suspending penny stocks that have not provided timely financials and info to the markets. They do this to protect investors.
I looked at one brokerage's quote for HRNF - it shows 1,000 (yes, 1 thousand) shares outstanding. LOL
What the - funny - so many of his posts are now gone?
I know IHUB requires disclosure from stock promoters, but maybe the fact he finally provided the late disclosure made him request to have most of his posts removed. Soup could be a different story. It would be hard to believe he could have not been compensated. Mose investors would have reacted the way longs have been reacting to the destruction of shareholder value and massive dilution with litte timely company disclosure.
Sorry - I stand corrected.
TAKI sure got put in his place on a few other stock tips message boards. Responses include (avoid HRNF) and the big red dilution nightmare warning.
Any coincidence he dissapeared shortly after I commented on stock promoters and their requirement that they provide disclosure when they are doing pump/dump activities; and after I posted the SEC tipline and suggested FINRA could be contacted, too? Shakerzzz was also one that appeared to get shares for promotional activity, but provide no disclosure here, IMO.
Most that wrere passing-on supposed email or phone call material non-public info supposedly from PAGs have mostly dissapeared. Maybe regulators are finally acting on the info about what I believe is being done by the promoters in conjuction with........
HRNF was going to pay prize winners (as revenues permit)
They still haven't paid their prize winners' obligation and are now in default. Notice that they appeared to lie in their initial pinksheets info recently. They said they are not in default.
All the judgment liens against them in Florida provide evidence that HRNF is not giving pinksheets truthful infomrmation, IMO. Even HRNF's financials indicate the company is in DEFAULT on payments.
from page 36 of their 10QSB....For the quarterly period ended September 30, 2006
WE ARE IN DEFAULT ON NOTES THAT WE ISSUED TO THE WINNERS OF THE 2001 WORLD GOLF LEAGUE NATIONAL TOURNAMENT.
We entered into a Stipulated Injunction with the State of Florida, Office of the Attorney General in July 2003, regarding a settlement of our unpaid obligation to the winners of the 2001 World Golf League National Tournament. During the fiscal year ended December 31, 2003, we executed notes payable to the winners of the 2001 World Golf League National Tournament for an aggregate of $300,000 bearing interest at 5% per annum. The notes became due in September 2004, and the remaining balance owed as of September 30, 2006 of $280,081 is in default. As discussed under the heading "Legal Proceedings," an individual has sued us alleging that they are one of the winners of the 2001 World Golf League National Tournament holding one of the notes which is in default in the amount of $22,500, and such individual has obtained a default judgment against us in the amount of $22,500, which has not been paid to date. Other plaintiffs may file lawsuits against us regarding the notes. If this plaintiff, or other plaintiffs who may sue us, are successful on the merits of their cases, it could have a material adverse effect on our financial condition, liquidity and results of operations.