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.
AJAB - good DD
This membership thing he and Calvi did together turned-out to be a shares for cash deal. Were there ever any real memberships sold to anyone? I doubt it. Even after WGL folded and no longer did any events, Calvi was supposeldly still peddling memberships and claimed he sold some.....
suspiciously, none of those that supposedly bought them at that time requested any of the benefits of membership....LOL
Later we found out it was a deeply disclounted shares in exchange for cash deal. Pagnano gave deeply discounted shares to Calvi, and Calvi was able to dump them immediately.
In my opinion, be deeply suspicious of anything Mr. Pagnano tries to peddle. One can be certain his past projections turned into some of the most miserable failures, all while he was dumping billion and billions of discounted shares for cash to stay afloat. The company has made almost no money in its history and keeps peddling those dilutive shares while providing almost no disclosure to shareholders.
soup - get real- HRNF is almost flat broke - look at their financials. Heathrow isn't likely even a viable company. This is just Pagnano's yearly or so change in business models so he can dilute the stock back to 15 billion shares.
The company fails in disclosure practices. The co. didn't even disclose if they issued 5 billion shares for the Heathrow thing.
The big problem is that HRNF, after every reverse split, keeps the share authorization the same or like in 2008, they increeased that A/S 50% to 15 billon shares. Then the company dilutes like there is no tomorrow, because they don't have cash to pay for his BMW lease without it. This is a big red flag. Pagnano is known for destroying shareholder value, and now is no different.
I won't be contacting them
But a concerned former or current shareholder might want to let them know, IMO
Depends omn how much Mikie pays the Golf Channel
I also think they are unaware that HRNF doesn't pay its obligations. The Golf Channel cannot risk its reputation by associating with a company that is known for not paying prize money or their other obligations.
Trying to paint the tape - LOL
$12 and $26 trades to try to make it look like there is meanigful buying at higher prices.
Looks like manipulation in trading to try to prop-up the stock price, IMO.
Yes, it will be $0.0001 ask within a short while
The CEO of HRNF obviously is good at destroying all shareholder value.
Can you actually believe he is trying to claim EXFUZE is their flagship product? It is not HRNF's product. Heathrow is simply one of the numerous people that paid $40 to become a distributor in the multilevel marketing (MLM) scheme.
Soup, actually I do know
Maybe you should try calling the registered agent or paying $10 to the Delaware Department of State: Division of Corporations
Entity Details
--------------------------------------------------------------------------------
THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 2948607 Incorporation Date / Formation Date: 09/29/1998
(mm/dd/yyyy)
Entity Name: HEATHROW NATURAL FOOD AND BEVERAGE, INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: NATIONAL REGISTERED AGENTS, INC.
Address: 160 GREENTREE DRIVE SUITE 101
City: DOVER County: KENT
State: DE Postal Code: 19904
Phone: (302)674-4089
globex - not letting everyone out, yet.
Many longs still can't sell their HRNF shares. The preferred shareholders are also restricted for almost 6 months more before they can convert and sell (if HRNF actually registers shares for conversion).
soup - HRNF is almost broke
At last report, the company had less than $2K in cash and equivalents. Read their financials.
The big worry is the fact that HRNF has 15 billion shares authorized, even after the 1:300 reverse split.
This obviously means HRNF will be diluting even more than in 2007 and 2008. Plus, they never disclosed how many shares they diluted to get the HRNF's CEO's own company (Heathrow).
Non-disclosure is a big sign of suspicious or dark companies. See the SEC warnings and the warning stop sign when you view the quote for HRNF on pinksheets.
Bid falling off a cliff
Could be below $0.001 easily by Friday.
Many know the CEO's reputation for dilution and non-disclosure to shareholders.
Why else would he keep the share authorization at 15 billion shares after the 1:300 reverse split? You guessed it....massive dilution.
There were 25 million shares outstanding after the 2008 reverse split. In just months, without disclosure to shareholders, the company diluted almost 10 billion shares.
HRNF tanking - $0.0021 -47.50% 718,922 shares
Imagine how low this will drop when other brokerages alow their customers to sell?
Only around $2,000 in HRNF trades so far today
Doesn't look good. One person seems to be trying to prop-up the share price with little $35 tades....LOL
Time & Sales
Price Size Exch Time
0.006 11665 OTO 12:58:57
0.007 5000 OTO 12:20:52
0.007 5000 OTO 12:14:21
0.007 4000 OTO 11:45:23
0.006 20000 OTO 11:22:38
0.006 5000 OTO 11:22:20
0.006 4350 OTO 10:51:57
0.006 50000 OTO 10:49:54
0.006 45000 OTO 10:49:50
0.0065 50000 OTO 10:49:36
0.007 5000 OTO 10:49:02
0.007 5000 OTO 10:47:55
0.0069 40000 OTO 10:47:22
More on judgment liens agains HRNF
can be found at http://www.sunbiz.org/
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
Filing Number Debtor Name Address
J07900007260 WGL ENTERTAINMENT HOLDINGS, INC. 963 HELMSLEY COURT, #107
J08900000257 WGL ENTERTAINMENT HOLDINGS, INC. C/O NRAI SERVICES, INC., ITS RA
Did you mention to the GC judgment liens?
That HRNF has judgment liens from comapnies, past prize winners they refuse to pay and still owe $1 million to the winning team from the MDSO?
If not, let me know and I will give Rachel a link to the sunbiz lien judgments and the SEC filing where HRNF indicates they owed the $1 million 30 days after the airing of MDSO's final episode on any network, which happened years ago.
These judgment liens have an interest rate of 11% in 2008, 8% in 2009.
Here are links to two of them
http://www.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J07900007260&inquiry_date=046858176000200000&return_number=J07900007260&return_date=046858176000200000
http://www.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J08900000257&inquiry_date=047089728000200000&return_number=J07900007260&return_date=046858176000200000
Thanks in advance.
Tiny $35 trades at $0.007 - beware.
The real selling volume will start tomorrow or Friday.
Bid now dropped to $0.006
Now trading at new 52 week lows.
Huge selloff in progress. It will really get bad when Pagnano admits the massive dilution, if he ever files financials.
Last report, the company had less that $2K in cash and other similar assets.
HRNF obligations far exceed the entire market cap of the company.
Expect more bad news later this week.
WEHI could be trading near $0.0005 by Thursday on dilution concerns and the fact that people are finally going to be able to dump their shares.
Before the reverse split, WEHI was at NO BID almost constantly.
Pagnao warned about his previous projections for growth/revenue in a previous SEC filing, where he admitted regulators or shareholders could take action against the company.
The CEO should resign. the company doesn't even pay what it admits it owes.
Now they are doing a different biz model destined for failure, like every other thing the CEO has done. Nothing but massive failures for the CEO.....destroyed shareholder valuewith everything he has ever done.
soup - the company is broke...as in no money
Just another of Pagnano's press releases designed to get more gullible people stuck with almost-worthless shares, IMO.
Selling volume increasing
Can you imagine when the majority of shareholders finally are allowed to dump their shares?
Time & Sales
Price Size Exch Time
0.008 3333 OTO 11:47:48
0.008 6667 OTO 11:44:25
0.009 5000 OTO 11:43:42
0.008 20000 OTO 11:43:17
0.009 30000 OTO 11:41:53
0.01 30000 OTO 11:41:51
0.009 5000 OTO 11:33:09
0.009 40000 OTO 11:32:54
0.01 5000 OTO 11:32:26
0.01 5000 OTO 11:32:19
0.01 30000 OTO 11:29:
HRNF owes more money that their whole market cap....and then some
IF they ever get any real assets, lienholders can file to sieze ythose assets in Florida courts.
Any wonder why the CEO of HRNF runs this thing out of his condo? Primary residences aren't easily seized in Florida.
Shorting HRNF into the ground
Any other questions?
The selling is massive dilution once again. Most know to sell those shares as soon as they can, before most shareholders are allowed to sell by their brokers.
So Pagnano lied about the show being already scheduled?
it was supposedly on Comcast in 2007, not 2009.
The re-run was filmed in 2005, and has been a dud everywhere it was broadcast. Now the company ower $1 million to the winning team (Pagnano confirmed this - see their financials), which was payable 30 days after the airing of the final episode on any network...which happened years ago.
HRNF has little or no revenue and needs tons of cash just to sustain the CEO's lifestyle. The company also does not pay it obligations. Evidence can be found by looking at all the judgment liens against the company.
The company also owes $1 million to the winning team of the MDSO shootout.
soup - almost no buyers again. Looks like sellers are dumping to anyone who is dumb enough to buy, IMO.
Just wait 'till common shareholders can dump their shares, once their brokerages have adjusted the stock symbol to HRNF (takes 1-3 days).
It will be in the $0.0006 range in a week or less, despite panic-stricken press releases to try to slow the price decline.
Derektxz - HRNF does not provide disclosure to shareholders. They hid the fact they diluted almost 10 billion shares in just months after the 2008 reverse split.
The fluff PR's are basically designed to get gullible investors to buy shares others need to dump....fast.
Pagnano obviously lied about the reverse split, failed in the stem merger, failed to get the MDSO aired on the golf channel (he previously indicated it was already scheduled).
Isn't this more than a bit misleading?
Looks like panic press relesases will be the norm as the stock price tanks ubder massive dilution concerns.
WEHI didn't even disclose previously they had almost 10 billion shares issued and outstanding prior to the 1:300 reverse split.
There were 25 million outstanding at the 2008 reverse split, and the company diluted to around 10 billion shares.
Looks like the company also hinted that they needed the R/S for finacials reasons....translation: more dilution coming.
At last report, the company had less than $2,000 in cash, from their last report.
I wonder if golf channel knows HRNF doesn't pay prize winners and has a large number of judgment liens against it from past prize winners?
Why would the GC risk its reputation by allowing a show from a company that is known for not paying obligations?
Maybe people should ask the GC directly and inclde the press release as an exhibit, plus the link to the numerous liens against the company in florida from sunbiz?
HRNF owes tons of money already
They owe $1 million to the MDSO golf winning tream. This was payable 30 days after the airing of the final episode, which aired a long, long, long time ago. MDSO was filmed in 2005.
WEHI also owes a large sum of money due to a large number of judgment liens against the company.
At last report, the company had less than $2,000 in cash (see financials).
HRNF is just one of the many that paid $40 to become a so-called "distributor" of EXfuze.
HRNF won't make money on this folly, either.
HRNF drops almost 57% today - even lower tomorrow
and can you imagine what will happen when most people that have to wat a couple days for their brokerage to adjust to the reverse split and new symbol try to sell? Tankage!
and HOP-ON may have reached its lows....until next week.
You would not be speculating too much to say this each and every week.
Toxic death spiral convertible financing next? To give them a little cash to stay afloat a little longer? More dilution? You betcha.
This company, if you can really call it one, has only survived through massive diltion and dumping shares at huge discounts for cash to keep the whole thing running.
Anyone who got the alleged email from mike; leaking the insider info, then selling their shares for any price (most below $0.0001), should be a bit worried.
FINRA should be made aware of this, as well as the SEC....IMO, of course. Time stamps on the emails and verifying they came from Pags or one of his employees or affilliates would be important forensic info to save.
Most won't know about reverse split until next week
Then it is all-out panic selling and most with normal brokers won't be able to sell a share until a few days after the R/S, because theiir broker will need to have the name change and R/S complete before their clients are able to sell.
Same thing happened around this time in 2008 (1:200 R/S) and 2007 (1:100 R/S)
flyersfan - the authorized shares are now actually 15 billion, not 10 billion.
Even more dilution and the stock price might be back down near $0.0001 within weeks of the reverse split.
Plus, those that converted will not be able to sell for at least 6 months, or later if WEHI delays registering shares for the conversion back to common....LOL
WEHI sitting at no bid
anyone surprised? Much of the volume today was at prices below $0.0001, too. Ouch.
Howard - WEHI is almost flat broke
They need the reverse split so they can dilute as fast as they can put out fluff press releases. The stock price will tank fast....VERY FAST on dilution woes.
Not too many even knew the oustanding share count and dilution were this bad....OH MY!
Reverse split = kiss of death for penny stocks
and the dilution will follow tpo take the stock price right back down to $0.0001
2007 1:100 reverse split
2008 1:200 reverse split
2009 1:300 reverse split
May need another reverse split of 1:500 in 2009, too. Dilution will drive the price back to $0.0001 within a few weeks or less.