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Tiny trade to prop-up the share price?
$17.50 trade - LOL
Looks like buyer's rem,ore is in full swing, as many know the co's reputation for massive dilution and non-disclosure are overhangs on already terrible 2009 revenue prospects, IMO.
Time & Sales
Price Size Exch Time
0.0025 17833 OTO 09:33:33
0.0035 5000 OTO 09:30:36
0.0035 10000 OTO 09:30:36
actually they don't own any XFUZE stake. It was not part of any deal. There are tons of distributors in the area of Pag's condo-run business already. All they had to pay was $40 and they can call themselves a distributor. I see HRNF failed to disclose this, too.
yep, xfuze = no health benefits confirmed by FDA or any other body
Kinda like a snake oil salesman with very few sales.
HRNF non-disclosure = big problem for bagholders
I see one brokerage indicates the O/S count is 1,000 shares, when we know it is at least 38 million per the TA days after the R/S (and probably diluting as fast as they can).
Is see HRNF doesn't own any XFUZE stake
good news, because xfuze is not viable and apparently doesn't sell much product. Too expensive and doesn't do anything for health, according to FDA.
HRNF may drop 40%-50% today
Best bid right now is $0.0016
Is HRNF paying stock promoters from M2 communications?
from last PR.....M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties.
This is a sure sign he is trying to promote the stock, often while diluting as much as bagholders are willing to buy. Often paid stock promoters either get discounted shares for their "services" or they get shares and immediately dump them into any fluff-indiced sucker rally.
Yes, like anyone dumb enough to buy even one share of HRNF.
From $0.03 to 0.0025 and lower in just a couple weeks.
Looks like Mike is gonna let this one run all the way to $0.0001 again on dilution and lack or revenue worries.
Heck, it looks like he is playing investors all over again. Destruction of shareholder value is what he does so well, based on the performance of the company.
Mike can't even file financials in a timely manner - that's why pinksheets places the big warning about co's like HRNF, under dark/defunct companies.
You can see the warning when you click on the big red stop sign. Warning posted below:
.......
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 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.
Not with the dilution rising exponentially once again
This thing will just keep dropping and dropping as longs see they are likely getting taken to the cleaners once again.
I expect Pags to keep trying to issue $100 press releases to slow down the decline, but decline it will.
There will be little or no revenue in 2009.
Yep, the old letter of intent scheme
Meanwhile HRNF dumps hundreds of millions of dilutive shares into the share pool.....that's what the company is known for.
The Golf Channel's lawyers ought to be having a field day with all the information out there on Mr. Pags, if they are doing any DD.
Judgment liens, court loss to a prize winner, etc, etc.etc.
Nope, not much buying today (again)
a few thousand bucks worth traded all day so far.
Howard - no there won't
HRNF is almost flat broke (see their financials)
They also didn't disclose the massive dilution that has been going on since the TA update before the reverse split.
Simple math using the reverse split ratio and knowing that there was also a conversion from common to preferred shares that should have taken common shares out of the share pool pretty much confirms the recent massive dilution.
HRNF is probably dumping as many dilutive shares as they can into their little fluff press releases.
Downside risk is about all there is with HRNF. The CEO appears to be playing shareholders just like he did after the last reverse splits in 2008 and 2007. Non-disclosure is also a big red flag, just as it was as they dumped almost 10 billion shares in 2008 (there were 25 million shares immediately after last year's reverse split).
and the latest PR - longs just don't get it
trying to buy a little food producer, when HRNF is actually just a lowly distributor, is actually a bad sign.
There is no evidence that HRNF can run any company without massive losses and dilution. Now they are thinking about a little food producer? LOL
We remember what their stemcell letter of intent resulted in and the claim that their MDSO was "Scheduled" early 2009 on the network begun the same year as the GC was born.
I'm not sure the company can even keep track of the stuff they put out anymore.
agree on Mike's reputation
Most already suspect HRNF is diluting with EVERY fluff press release or letter of intent that often never results in an actual event happening.
It is likely that almost all shares sold are dilutive shares adding to the O/S count.
power - HRNF is not oversold
There are hardly any buyers. Technicals don't apply to something that is so thinly-traded and that provides little disclosure to the public markets.
Tiny volume and tiny trades being made to prop-up the share price once again?
Less than $7,500 is shares traded so far today. Doesn't look good for longs, IMO.
Yeah, right....restricted for 6 months...LOL
No, I'm commenting on the fact that HRNF was going to give them cash and at last report HRNF had less than $2,000 in cash (see their financials). This means tons more dilution to the common and the overhang of preferred shares to raise cash to stay afloat and for this purchase of assets, which will also dilute the preferred share pool that you guys converted from common recently.
I see HRNF didn't disclose what debt they would get stuck with in the deal.....
HRNF wouldn't have made the share authorization 750 million if they didn't plan to dilute to close to that level.
If the common shares get diluted almost 19-fold from here and the preferred shares get diluted like the LOI suggests, the share price will be right back down to $0.0001 soon.
Yes, HRNF huge float and tons of shares to dilute
750 million shares authorized / 38 million reportedly issued = 19.7
They can increase the OS count by 1,873.7%
Almost 19-fold increase in the share count possible in the coming months.
power - O/S is not low - massive dilution happened again just recently
38,000,000 shares x 300 (reverse split ratio) = 11.4 billion shares on pre-2009 reverse split ratio. Weren't there 9.67 billion O/S confirmed by the TA just prior to the reverse split?
This 38 million doesn't even include the shares converted to preferred shares.
Apparently HRNF failed to disclose this recent massive dilution. Are you surprised?
I'm guessing they are already diluting as fast as they can. In the past, almost all the shares traded were dilutive shares dumped into the share pool. You could confirm this by looking at the average daily volume and how many shares were diluted......MOST OF THE SHARES TRADED WERE DILUTIVE SHARES ISSUED BY THE COMPANY!
HRNF's stock price will be so low that any DD by the other company will help them understand that preferred shares may not be worth much in 6 months or a year.
We all know what happened with HRNF's previous "letters of intent".
What cash? Does HRNF even have any? Or are they already diluting as fast as they can, on their way to 750 million shares outstanding (their current share authorization)?
Don't forget all the convertible preferred shares, facing restriction of less than 6 months.
750 million shares * 300 (2009 reverse split ratio) = 225 billion shares authorized on a pre=2009 reverse split basis.
225 billion shares? Oh my gosh!
Don't even try to multiply this by 200 92008 reverse split ratio) and then 100 (2007 reverse split ratio)!
It is the quality of the show issue, along with the fact it is old (2005-filmed). Neither are good things.
I doubt the GC will even actually air it, once they find that the company still does not pay prize winners and has numerous judgment liens against the company (see sunbiz in florida for the numerous judgment liens).
I dount they even could sell many ad spots for a return on investment, especially since they will likely have to give away a huge protion of it and need to generate at least $1 million immediately just to pay the prize money already owed 30 days after the airing of the last episode (See HRNF SEC filings). This last episode was aired years ago.
So when is next reverse split? June?
The financial performance of this company is simply horrible, IMO,based on the posted financials of the company. Almost no revenue in years, less than $2,000 cash and equivalents (per last report).
I can't see how they can avoid another reverse split soon
Trades at less than $0.0001 - oh my?
trades listed as $0.00 are for less than the others at $0.0001. Doesn't look good. Could need a big reverse split soon, as the PR's don't seem to getting even the most gullible to buy many shares in this overvalued thing, IMO.
Time & Sales
Price Size Exch Time
0.00 3000000 OTO 12:58:41
0.00 1000000 OTO 12:45:42
0.0001 2000000 OTO 12:11:33
0.0001 1100000 OTO 11:56:59
0.00 900000 OTO 11:55:01
0.0001 100000 OTO 10:02:00
0.0001 1000000 OTO 09:34:18
0.0001 5000000 OTO 09:34:18
Does PYCT even have any cash left? They have only survived from massive dilution and it is likely this is what will continue to keep this thing going a little longer.
Maybe, when the flushaway scheme fails, they will have to invent another business model to let them continue to dilute.
It is obvious that they need a reverse split...probably 1:300 or 1:500, so the stock price can then drop back down to around $0.0002 or so.
The old re-run MDSO, filmed in 2005? LOL
Looks like the GC is desperate for some lousy programming, IMO.
Little revenue for HRNF, obviously. May help HRNF dump more dilutive shares, though, and get a few more bagholders as the stock price declines. Looks like airing will be near the time restrictions on preferred shares are lifted, leading to more dilution of the common shares.
Reverse split is obviously needed
This will allow the stock price to decline 90% or more while PYCT can dilute into any promotional press releases they buy.
If they do a 1:300 reverse split, they will also need to keep the share authorization the same so they can continue to dump dilutive shares to stay afloat.
MDSO is a 2005-filmed re-run with little success in any market. No financials from HRNF means even more uncertainty and likely bad news coming on the evenue front.
With HRNF with less than $2,000 cash the last time they reported, things are looking rather ugly and look to get even worse with the Heathrow distributor debacle unfolding.
HRNF will need a lot more dilution.
Did you notice HRNF didn't disclose the number of shares used to buy Heathrow from the CEO of HRNF?
HRNF is already signaling acquisitions, which will also take billions of dilutive shares. HRNF can easily increase the authorized to 10 billion with the stroke of a pen and the biased (IMO) BOD.
HRNF has only survived through massive dilution it did not disclose to its own shareholders until their shares wrere worth almost nothing.
Looks like they will follow the same path of dilution in 2009, destroying all shareholder value through yearly reverse split of increasing magnitude (1:100 2007, 1:200 2008, 1:300 2009). Probably need another reverse split bry summer.
No, Pagnao is not open and fails disclosure practices
That may be why pinksheets has a huge warning about the company.
just click on the big red stop sign, when looking at the quote for HRNF on pinksheets
This leads to the description of Dark/Defunct companies
the warning is as follows:
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.
He may already be diluting to the max
unfortunately, there are very few buyers.
We all know HRNF purposely avoids disclosure to shareholders (they diluted almost 10 billion without telling their shareholders, and NEVER notifying pinksheets.
He also failed to disclose how many billions of shares were given to Pagnano/Calvi for Heathrow merger and why the other announced merger with stemtronics and the due diligence failed.
What distributor would work with Mike?
Knowing his track record and mu;ltiple failures already and not paying its obligations (just look at all the judgment liens), what company would ever trust HRNF?
howard - HRNF has no contracts, little or no money, and is set for massive dilution once again
They may even need to reverse spliyt later this year as the bid drops to NO BID, $0.0001 ask once again soon.
3respalm - false - does not say no dilution
it says "limiting any future dilution of HRNF shares."
It is limiting it to over 2,000% (35 million to 750 million shares)
and you know HRNF will not have revenue capable of sustaining its costs.
AMA33 - EFUZE not explosive growth
it is a product that is expensive and has a large number of distributors already, each paying $40 to be called distributors. There are a large number of them in Pagnano's condo area , which can be seen in a google search.
I also have zero confidence that Pagnano and Calvi can even run a business. Pagnano has proven he can't make money after years of failure with HRNF company. Just look at his old projections and actually results, which have realized only a percent or two of what he projected in revenue.
Less than $2,000 traded so far today?
Looks like people know Pagnano's PR's all too well.
divide 750 million shares by 35 million
could easily dilute the O/S by 21 times and still not exceed the A/S
May need to increase share authorization soon
Reverse split coming again?
We all know HRNF's history of dilution. They may need a reverse split within months.
Soup - Pagnano hiding disclosure that a lot of shares are now restricted for less than 6 months, then can be converted to common at a 20% discount.
Why would he hide this? Because he is Mike Pagnano. Look at his history of destroying shareholder value.
Next reverse split may be needed by this summer.
HRNF history of non-disclosure
HRNF diluted from 25 million shares to close to 10 billion in just months in 2008......without disclosing this to shareholders.
Looks like the dilution is/will be underway....probably has already begun.