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Well, if you had 50 million shares at $0.0005 in 2007 or earlier, before the 2007 reverse split, then...... that $25,000 investment is now worth less than 25 cents.
50,000,000 / 100 / 200 = 2,500 shares
2,500 shares x $0.0001 = $0.25 cents.
a $25K investment in Pagnano's company in 2007 or earlier @ $0.0005/share is now worth 25 cents or less?
With no bid for WEHI shares anymore, you may not even get $0.00003 per share now.
Klonopin - WEHI has been massively diluting
There were 25 million shares issued and outstanding right after the last 1:200 reverse split in 2008.
There appear to be close to 10 billion shares issued and outstanding now. (could be many more).
Pagnano failed to disclose this massive dilution. The first hint he gave was when it was around 2 billion shares....he quickly diluted almost 8 billion more shares.
You don't see volume because there is almost never a bid anymore. Investors seem to sense they will be reverse split into the ground once again...probably 1:1000 this time.
SPICE - not unless they put out more misleading press releases like their mergers ones that all failed. Pagnano then had to merge with his own company, which makes prspects for WEHI even more bleak. WEHI's destruction of shareholder value would have led to the embarrassed resignation of most other CEO's, IMO.
At a real listed company with a real Board of Directors, Pagnano probably would have been fireed long ago for his terrible performance, IMO.
Why? Because the stock price is about 95% too high.
You may notice the tiny trades being made that help to prop-up the share price almost every day.
What investor, seeing this apparent price manipulation, would buy at these high prices? What investors can meaningfully sell a portiong or all when there appears to be almost no buying interest?
Maybe, after thinking about this, you can answer your own question.
klonopin - insider information to you now?
Is Mike Pagnano trying to get people to "leak" news again. From what I've read on the message boards, the CEO seems to like to have others help him hype the stock by spreading little tidbits he appears to give them.
Each time, though, there appears to be massive dumping of billions of shares into any buying (by the gullible that don't do their own DD).
Since there is usually no bid, I'm guessing they will need a reverse split, 1:1000, VERY SOON. This will allow the stock price to once again tank fast and furious, just like after EVERY previous reverse split.
Newbies will need to be warned about WEHI
after the conversion, WEHI probably will not disclose much about all those stuck preferred shareholders waiting 6 months to convert back to common at a 20% discount.
I'm guessing Pagnano will also use the opportunity to reverse split and then dilute the common back down to around $0.0001 price after a reverse split, which he has done in 2008 and 2007.
He still has not disclosed how much he paid, in shares, to buy his own company (Heathrow)....LOL
You can bet this wasn't good for shareholders, either.
The SEC has been suspending trading on more stocks that don't provide timely financials. HPNN could be a candidate soon, IMO. Nothing since 2007.
The CEO promised AUDITED finacials, but obviously that was just lip service like the many times he promised them before.
I'm guessing they are having a hard time getting an auditor to sign-off on audited financials. To sign-off, theywould have to resolve and/or restate previous financials to disclose if they actually had revenue from all those previous so-called "booked sales". I'm guessing most of those sales never materialized into actual revenue.
Look at these tiny trades....LOL $1.35 and 27 cent trades?
Last two trades....
Time & Sales
Price Size Exch Time
0.0027 500 OTO 09:47:26
0.0027 100 OTO 09:43:32
steal - pinksheets WARNS about HPNN
when you are at the quote page for HPNN, click on the BIG RED STOP SIGN, marked "NO INFORMATION"
The warning is posted below, ander Dark/Defunct. If HOP-ON was a bit more believable, then why can't they or WON'T THEY provide updated information to pinksheets like other companies do. Why can't they or WON'T they provide the audited financials they have promised shareholders?
warning from pinksheets below:
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a U.S. regulator, a qualified exchange or Pink OTC Markets, 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 and/or 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.
More tiny trades - appear to be made to make it look like the stock price is trading higher that it really is.
Time & Sales
Price Size Exch Time
0.0027 5000 OTO 10:10:27
0.0027 5000 OTO 10:09:02
0.002 100000 OTO 09:31:45
0.002 100000 OTO 09:30:22
I'm pretty sure the week will have 7 days, as usual.
Are you antixcipating a huge attempt to get people to buy shares at high prices over $0.001?
You must already know there have been few buyers, so I guess a flurry of promotional press releases would not be uncommon for HOP-ON.
Hopefully people do their DD so they don't get stuck like most longs appear to be.
HPNN - huge float...ouch (from pinksheets)
Float
400,000,000 as of Oct 20, 2008
Wow, HPNN has been diluting
Found this from pinksheets. No wonder they had to double the authorized shares to 800 million last year.
I wonder if they are getting close to 800 million limit of issued and outstanding shares as of today?
Outstanding Shares
590,757,514 as of Jun 30, 2008
Authorized Shares
800,000,000 as of Mar 20, 2008
Yep, WGL is kaput....How can Florida allow a company with so many judgment liens do this to shareholders once again?
Looks like preferred shareholders are stuck for 6 months or more, depending on whether the company ever decides to register shares for the conversion back to common. Will the EVER mention those unlucky preferred shares in public again? I doubt it.
Now they will likely reverse split, probably 1:1000, so the stock price can tank all over again.
So far, I believe the sham argument more than anything steal seems to be wishing for. That poster, IMO, adds nothing to back up his/her assertions, and has been about as wrong a one wishful long can get.
I see the longs don't really want others to mention the tiny trades that are about the only thing propping up the ailing stock price. There are few other stock that seem to have such regular tiny trades at super-high prices.
If I owned HPNN stock, I would regard that as something highly suspicious and would wonder just what trader(s) would make trades like that so regularly and why.
PICKS4U - Wrong Fuze drink
The one that is in convenience stores is completely different that the copycat name Ex-Fuze. Ex-Fuze is expensive and doesn't seem to be very viable for a distributor, since the multilevel marketing scheme for Ex-Fuze has tons of distributors, each paying $40 each for distributorship rights. With WEHI's terrible performance record, I doubt they will sell much. Too many other distributors already in that area of Florida, too.
Here is a review of the established Fuze drink (don't confuse it with Ex-Fuze).
Item: Fuze energy drink
Location:
by godsmacked460
Recently I’ve been buying Fuze drinks from local stores whenever I can get the chance. They’re full of vitamins, and seem to be quite healthy, low in carbs and calories.
They’re sold for a relatively low price, at about 1.50 / 18 fl oz bottle. There are a few different types on the market. There’s the classical Fuze, then the Low Carb (Slenderize) Fuze.
Slenderize Fuze is actually used for weight loss! Most Slenderize Fuze drinks contain Chromium, Vitamin C, Super Citrimax (weight loss suplement), and L-Carnitine (amino Acid). Super Citrimax is in several of the leading natural weight-loss pills, and therefore is more convienent to be present in a health drink.
“Normal” Fuze drinks do not contain Super Citrimax. They also contain more carbs, and far more calories. However, they do have a greater vitamin content, and offer a wider variety of flavors.
Fuze “refresh” (The “Normal” Fuze) contains Calcium, Vitamin A, Vitamin C, Vitamin E, Vitamin B3, Vitamin B5, Vitamin B6, and Vitamin B12.
With all of these vitamins mixed up into one energy drink, it really makes me think I’m gettng my money’s worth out of the Fuze Refresh Drink.
Fuze is typically sold in a large, Thick glass bottle. I’ve tried several times to break one through banging it on a table. They’re quite compact and hard to break, securing our purchase.
Overall I’m very satisfied with Fuze Refresh and Fuze Slenderize products. I’d recommend them to anyone wanting to try to find a healthy or tasty drink!
Rating: 9
steal - volume very anemic. Not many buyers at these high prices. Maybe the stock price needs another 90% drop to get the speculators, in hopes for another sucker rally due to PR's and hype, IMO.
Honest. Are you sure that is your opinion?
Investors should read all their past press releases (especially enjoy the spelling and grammar), then look at what HPNN actually did. If that doesn't make you think twice, the CEO's past behavior and felony conviction should, IMO.
Time & Sales
Price Size Exch Time
0.0029 5000 OTO 14:40:09
oops, last post did not list the tiny trade to try to make it look like it is trading higher than it really is.
Another tiny trade - manipulation?
Sure looks like it. A $14.50 trade to make it look like the stock is trading higher? This is the kind of thing the SEC warns investors about.
steal - the CEO of HOP-ON is a crook
He is one of the worst kind. A fraudster and money launderer.
Look at his felony conviction record.
steal - are you accusing me of trying to push the price down?
Aren't those conspiracy theories getting a bit old?
Maybe one should look to the relative non-performance of the company in all respects, the convicted felon CEO running HOP-ON's criminal record, the misleading press releases, the fact the company has never furnished audited financials, and the massive dilution the company is so well-known for.
Maybe investors just understand that the company is run terribly.
Maybe investors now see the tiny trades at high prices to prop-up the share price.
Do you think PM is honest?
I do not. He lied about the disguised Nokia phone he was trying to make people believe was a hop-on product.
He still has never filed audited financials, despite promising them numerous times.
He claimed he would be at CES in 2008 and 2009, but the trade show confirmed HOP-ON NEVER had a booth at the show under their name.
Their web site implies phones are "available", yet one can't buy their products in stores or online.
And pinksheets warns investors about hop-on and companies like them. They warn that companies that are unwilling to provide disclosure should be treated with suspicion.
HOP-ON CEO still on felony probation
apparently still has to get special permission to travel, too.
He was originally sentenced to a jail term, but his lawyer later negotiated a fine and 3 years probation to avoid spending the time in jail.
Looks like almost no buyers
and even a $1.50 trade a the ridiculously high price, apparently to make it look like the price is trading higher.
Time & Sales
Price Size Exch Time
0.002 95000 OTO 12:50:17
0.002 5000 OTO 12:50:05
0.003 500 OTO 12:24:02
0.002 51197 OTO 11:51:28
0.0023 30000 OTO 09:31:39
0.0023 5000 OTO 09:30:03
The $1.50 trade at 0.003 by the price manipulator group apparently caught the attention of those monitoring.
Beware of paint-the-tape trades to try to make it look like there is buying interest at these high prices.
HPNN needs to drop around 90% or more to get to more realistic share price value. Even that might be too high, based on HOP-ON's failure to provide disclosure and their inability to issue aufdited financials they promised numerous times.
spice - WEHI reverse split news coming next week?
Or will they just go belly-up because they are not getting a bid very often and can't generate cash through discounted dilutive shares anymore?
Hopefully the GC investigates Pagnano and WEHI
Since WEHI is in a little trouble with all the judgment liens against the company and they don't pay prize winners what they are owed, the GC would be wise to investigate WEHI before the 2005-filmed infomercial is allowed to be aired.
If they don't , the GC's reputation will be terrible to worse.
WEHI has alreadeyy owed tons of prixze money, plus the $1 million that was due 30 days after the final episode of the MDSO. This was aired years ago.
howard - there is no market maker, or MM, for penny stocks like this. WEHI is "unsolicited quotes only".
Mike, does the Golf Channel know that WEHI doesn't pay prize winners and has numerous judgment liens against the company?
Pretty hard to sieze assets, though, when the company is run out of a condo and has little or no assets. The lienholders may be able to sieze Heathrow enterprises, though, IMO.
Yes, a 1:1,000 reverse split
Then the share price can drop right back down to $0.0001, like it did soon after the 2008 reverse split and the 2007 reverse split.
A GSM-only phone has no trouble staying below the radiation SAR limit. The GPRS/Edge and 3G phones, of which HOP-ON doesn't have much, are the ones to worry about.
Apparently HOp-ON was giving away unapproved phones to people, according to HOP-ON's own admission. From July 15, 2008 HOP-On press release:
"The Hop-on executive team, including Peter Michaels, President, will be on hand today to personally demonstrate the HOP1800 phone. In addition, Hop-on will be providing 200 free phones to interested members of the media."
FCC doesn't like it
They are impartial and if someone files the proper paperwork, the device doesn't emit radiation above the limits, and pays the fees; they may approve it for sale.
Now who would ewant to have a GSM-only phone with no screen? Not many, IMO.
And just how negative of margins will HOP-ON face if they ever go into real production? If they lose $25-$50 on ever phone they sell (marketing, selling, administrative, regulatory, patent licensing fees, shipping, China gov't fees), will they try to make up for it in volume? LOL
The FDA sure won't sign-off on any claims by Ex-Fuze, IMO.
Gotta laugh at Pagnano's projections. Any CEO of a company that had his kind of performance and repeated failure to get even a small percentage of his revenue projections would have been fired long ago. Pretty hard to fire someone that runs the company out of his condo, huh?
Note: Exfuze distributor only costs $40 per year. LOL And the entity being a distributor must perform with the utmost integrity and honesty, and must comply with all laws.
Here is the link to the aggreement as of August 2008.
http://www.myexfuzeoffice.com/docs/eXfuze_EID_Agreement_253-08-7.pdf
There also is a $10.50 trade at the super-high price of $0.0021, too.
Other than that, almost no buying interest at these high prices.
Looks like they will have a hard time keeping the price above $0.001 because of the potetial dilution due to the restricted shares issued as part of that little communist equity investment in HPNN.
I wonder if the CEO gave them a 75% discount to the average trading price so the investor would have a better chance of breaking even when they may dump sharesafter the 6-month restriction period elapses.
What respected analyst would be dumb enough to issue a buy alert.
Or is this just one of the pump/dump often paid coverage sites that try to generate volume so investors can sell?
Post the link so we all can see the joke, too.
You are aware that technicals mean nothing for thinly-traded penny stocks with questionable disclosure practices and tiny trades amounting to just dollars each, in many instances.
here is the warning about HPNN, that can be found on pinksheets website. Just click on the big red STOP SIGN when viewing the quote page for HPNN.
..........
STOP
Pink Sheets
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 OTC Markets, 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 and/or 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.
HOP-On website misleading HOP 1800?
HOP-ON's website claims the 1800 has GPRS
HOP1800
GSM Dual (900/1800/1900 MHz).
GPRS (General Packet Radio Service) Class 10.
Look at the picture of the phone and the claim that it has GPRS below the GSM info.
http://www.hop-on.com/cellphones_gsm.html
It does not have GPRS, based on the FCC test report I saw and the latest admission from HOP-ON itself.
HOP-ON gave away non-FCC-approved phones in the USA?
HOP-ON only recently received FCC grant on the 1800, which is needed before any distribution to any consumers in the USA.
One would also have to be very gullible to believe that phone, with no display and GSM only, is comparable with "mid-tier" phones, as HOP-ON claims.
From July 23, 2008 press release....
"We gave phones to New York’s finest, from Governor David Paterson to Security Guards at the game. Baseball’s greatest athletes and their families enjoyed our phone and what it actually offers."
"....and design comparable to any mid-tier cell phone on the market..."
Can you say FLUFF PRESS RELEASE?
Just one look at HOP-ON's Oct 23 2008 press release make me wonder if HOP-ON actually knows the ddifference between 3G and GSM/GPRS?
That PR touts a HOP-ON phone supposedly operating on AT&T's 3G network. Maybe HOP-ON isn't aware that GSM/GPRS is actually not 3G at all?
"Hop-on will offer consumers a nationwide GSM/GPRS footprint on the fastest 3G network available."
oh really?
"Using the speed and dependability of AT&T's 3G network, makes the ChitterChatter phone all the more valuable....."
are you sure about that, Peter of HOP-ON?
The phones are a joke, IMO. The one they got approved is GSM only and doesn't even have a screen. I doubt the company even can support a meaningful warranty program for any of their products, and I'm not convinced they have any sales of anything to speak of.
Since they claim to have gotten an "equity" investment from a Chinese OEM company, I'm wondering just how bad the dilution is going to be due to this? Did they register shares for this "equity" investor, or did they simply give them a ton of shares and hope for and exemption? I see that HOP-ON, even after claiming the details would be coming, still is not disclosing just how bad the dilution due to the "equity" investment will be.