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stealofadeal - please tell us where you heard about a deal
Was this info fed to you from hop-on, in hopes your would hype it on a message board like this?
Howard - how?
Look at the "employee incentive program he authorized"
Look at the fact he bought his own company and didn't disclose if it was with 5 billion or more dilutive shares made available from those commomn shares converted to restricted preferred shares.
Look at who owned the Florida WGL company shares he recently merged with. Did he own all those shares?
Look at all those death spiral convertible debentures and the cash the company took in. Where did it go?
They (hop-on) are already late to that game.
This is just like the failure they previously had in gaming software.
moto - I hear they are watching the buys of $8 or so at artificially-high prices. the stock price manipulator is still doing it to prop-up the share price, but appears to know she/he is being watched.
I imagine regulators have already asked the transfer agent to give them the name of the trader/brokerage making the manipulative trades. I doubt it is anyone directly employed by the company. It is probably somone that got suckered into buying shares or were given them for services maybe and sees she/he is stuck and can't really sell at any price.
There is basically no buying interest after investors learned more about the felon CEO of HOP-On and started doing some DD.
If there really was a communist equity investment, as Peter claimed, why is he continuing to avoid the disclosure he promised?
Why didn't the oustanding share count go up, if the moderator really did get info from the transfer agent. From what I've read on message boards, the xfer agent was gagged and won't tell investors the share structure. Not sure if that is true, but I imagine other that have contacted them could update the board.
Why is he failing to provide thae audited financials he repeatedly promised?
howard - the coup is reapeatedly destroying shareholder value. Try doing the math - just how many bottles of that unpopular expensive drink would they have to distribute to even start to pay down the $1 million MDSO prize money they owe and pay all the judgments gainst the co.? Plus there are already tons of "distributors" out there and in Pagnano's territory, selling very little of the product to very few people.
This is a multilevel marketing scheme that is destined to fail. Having Pagnano involved makes failure even more likely, given his terrible performance record and non-disclosure practices.
MDSO, filmed in 2005, is not even a viable re-run anymore. The fact that WEHI doesn't pay their obligations (and purposely tries to avoid paying) makes them a risk to the reputration of any network associating with them, IMO.
steal - less than $500 in HPNN shares traded today?
Looks like almost no buying interest and obviously almost no buying once again.
stealofadeal - you are wrong, IMO
Maybe you should monitor the trades for a while. There is almost no one bidding at any price for HPNN shares. There hasn't been much buying interest for a long, long time. You would have also noticed that at least one trader has been artificially manipulating the share price by buying tiny blocks at inflated prices, often late in the day to "paint the tape". I read on another message board that that persons(s) is being monitored closely to track the pattern of manipulation.
So far the so-called bashers you refer to have been correct about HOp_ON's performance. The ever-changing gullible ones that bought shares seem to be failing to provide believeable arguments supporting why anyone should buy even 1 share of HOP-ON.
Thanks moderator for updating the A/S count for HOP-ON
steal - HOp-On is late to that game, too.
What entity would work with a company who's leader was convicted of felony stock fraud, is still on probation and has to ask for permission to travel?
catchme - the answer is
Because I can. I also don't mind pointing out when crooked penny stock CEO's put out press releases and then seem to completely ignore that they promised things to their shareholders.
Also, the SEC lets many of the penny stock co's mislead investors while the co's are benefitting from the cash they raise through dilutive share issuance. I see some of my opinions are not very popular with the gullible get-rich-quick penny stock speculators. That's ok. Often, they would like to pump the stock price so they can get out; and get upset when others post dissenting opinions.
LOL - nope, can't buy the phones
Which retailer is curently selling them? Post the link to the website.
If you go to HOP-ON's frequently asked questions "Where can I find Hop-on products sold?", isn't it suspicious that HOP-ON fails to answer this question?
Ebay selling of those samples they gave away that don't have FCC approval for sale do not count.
You can't buy those HOP-ON phones. They have no FCC approval in the USA. If you find the FCC approval info, let me know. I will then search for the required radiation emission reports.
Beware if you get one of their "sample" phones. One needs to have the required radiation emission results before risking brain tissue getting cooked, IMO.
If you look at Nokia news today, you also see the article about couterfeit phones from China. Some of those could literally sear brain tissue. I see HOP-ON would not disclose who (in China) bought some of their "equity" or if it was more than $10-worth of preferred/common shares....LOL
If you go to their website and look at the supposed phone lineup; those that say "available" actually are not.
Golf channel? Why would they risk reputation by allowing Pagnano's little folly to air? WEHI doesn't pay prize winners and now has a series of judgment liens waiting to claim any assets of WEHI that they can get. I would imagine unpaid prize winners would be among the first to let the golf channel know about failure of WEHI to pay obligations, if it ever showed on the GC's schedule.
Now do you understand why this thing is run out of Pagnano's condo? If they owned a building or other real assets the lien holders could file to have assets siezed for forfeiture.
Birdie - MDSO was filmed in 2005
Pagnano has been trying to peddle that product for years and years.
Obviously he is trying to move on to his next way to destroy shareholder value and avoid disclosure and regulators, IMO. Failed business models and dumping billions and billion of dilutive shares to stay afloat seems to be all he is accomplishing.
moto - conspiracy theories abound
Longs that neglected to do any DD on the felon CEO of HOP-ON before buying always seem to be making excuses. Some of them include "shorts are driving the price down" or "blame naked shorting" or "they just want to buy at lower prices".
If one spent a little time researching what Peter Michaels has promised vs. what he actually accomplished, they would never buy a share of HOP-ON at any price, IMO.
One look at many of their PR's makes me think that an partially illiterate elementary school student proofread them before they were put out. Professionalism is severely lacking.
Yes, link is from Android community
http://phandroid.com/2008/10/24/android-phone-mobile-casino-or-scam/
Is it even their software? I wouldn't normally question this, but the CEO of HOP-ON got in some pretty big trouble for gaming software and got convicted of stock fraud before he converted the casino company and created what is now the ailing HOP-ON company.
Excerpt from Oct 2008 article:
So to summarize the top 3 articles it looks like (we didn’t dig further):
2003 article explaining the arrest of Peter Michaels. His company, World Wide Web Casinos, was accused of raising $12 to $18 million dollars and blowing it all, partially on personal credit card expenses and ridiculous purchases like buying a yacht. Meanwhile, many investors lost their money… and homes.
Michaels touted his great invention of a “$30 Cell Phone” that apparently, Time Magazine called one of the greatest inventions of 2001. Some investigative reporting found that underneath the red plastic casing, one sample was clearly labeled inside as a “Nokia 8260.” They had simply re-used an existing phone’s guts and called it their own.
A 2005 article says Michaels was sentenced to 8 months in jail on the charges for defrauding investors.
The last article then says, “Once he has completed his 8 month jail term, Michaels will remain on probation for 3 years.”
Good response dounome
Those critical of Hop_ON have as much right voicing their opinions here as the gullible bagholders who believed the stuff that HOP-ON put out. One can make their own conclusions just by looking at past press releases and comparing them to what actually was accomplished.
I'm sure glad I don't own HPNN shares at these super-high prices.
It looks like the apparent stock price manipulator(s) had to place a $7.50 order to get the stock price above the 52 week low.
Time & Sales
Price Size Exch Time
0.0015 5000 OTO 13:51:54
moto - stop with the personal attacks
Look at the HOp-ON history of doubling the authorized shares due to massive dilution and you'll see why 800 million is a lot of authorized shares.
The HOP-On CEO Peter Michaels was also convicted of felony stock fraud associated with gaming software he stole and tried to pass-off as his comapany's. I wouldn't trust anything a felon CEO puts out, IMO.
I see HOP-ON was unable to issue audited financials they promised numerous times. Isn't it pretty simple to get an accounting firm to do these? You just have to make sure they have all the correct info to verify that sales actually resulted in revenue or go back and re-do all those unaudited financials they have been putting out over the years. The big challenge is getting a reputable accounting firm to sign-off on those audited financials and risk their firm's reputation.
Really - 800 million is not a lot of shares?
We now know why PM had to double the share authorization to 800 million common shares from the previous 400 million. Looks like dilution will be much of the HOP-On business model to pay for stuff and/or generate cash to stay afloat, IMO.
Try multiplying it (600 million or whatever the oustanding share count is) by the last reverse split ratio (and then the ratio of the previous reverse split) to see the trillions of shares on pre-reverse split basis.
Auto -easily triple? Not hardly. There is basically no bid most of the time and most shares are being dumped for far less than $0.0001.
I hope the GC puts it on their schedule. They will be the laughing stock of the media world if they air a program from a company that doesn't pay its obligations or prize winners.
HOP-ON has 800 million shares
authorized (common). 10 million preferred shares.
If the moderator says 600 million issued, then there has been a ton of dilution already.
Below is from the Nevada Secretary of State Website, showing that the authorized shares listed in the board heading is incorrect.
....................
Actions\Amendments
Action Type: Amendment
Document Number: 20080194386-21 # of Pages: 1
File Date: 03/20/2008 Effective Date:
Previous Stock Value: Par Value Shares: 410,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 410,000.00 New Stock Value: Par Value Shares: 800,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 810,000.00
Birdie - big problem if you own WEHI shares, preferred or common.
Either way, all remaining shareholder value will be destroyed by Mike Pagnano and his failed businesses.
No problem? Wrong buddy.
If you converted, you cannot sell for six months or until the "board" decides to register common shares to cover your conversion back from preferred. If the board decides it won't register shares for conversion in 2009 or the SEC will not let them, then preferred holders are completely stuck. This while the common share price continues to tank under massive dilution that WEHI is known for.
Pagnano will not even tell you when he issues 9 or 10 billion more dilutive shares.
I can't believe you haven't seen this common-preferred share trick before. It is never good for longs to become illiquid, alhough most know they probably can't sell their WEHI shares now for any price.
Obviously you aren't buying any HPNn shares at these high prices, too.
Did the Golf Channel realy cancel MDSO airing?
Or did Pagnano lie when he said that the DSO was scheduled to air mid-january there?
No buying pressure coming - HPNN = SELL SELL
unfortunately, it looks like buyers don't want shares at much of any price.
Most of the few dollars in daiy volume is tiny trades at high prices between coordinated buyer and seller to manipulate the stock price and slow the move lower.
Based on comments on the Raging Bull board, this manipulation is being closely monitored. Has the transfer agent been questioned about the trader's identity?
They just don't get it. They got taken again.
a preferred shareholder can only convert after 6 months at a 20% discount to the common share price. Conversion may allow more of the 15 billion common authorized to be used for dilution. WEHI stock price will continue to trade well below $0.0001 due to the preferred share overhang and due to expected billion and billions more dilution.
No wonder Pagnano is hiding the Heathrow purchase details from investors. Is he diluting the common or the preferred with the so-called merger with WEHI CEO's own other company?
soup - reverse split is imminent
Almost no one is dumb enough to buy WEHI shares at any price.
Most financial sites still list WEHI as having 25 million shares issued and outstanding (after the 1:200 2008 reverse split). Pagnano has not even disclosed the current outstanding shares. He only hinted at it (around 2 billion O/S) in one press release, all while billions and billions more shares were being issued.
Pagnano seems to purposely avoid disclosure to fleece anyone gullible enough to buy shares. The SEC and pinksheets warn about companies like WEHI. Too bad the SEC doesn't seem to do its job very often.
You mean reverse split time for WEHI?
There was no Stem merger, only a side deal with Pagnano's own company. The other thing was that WEHI technically merged with all those florida WEHI mystery shares. Looks like another money-losing amway-type relationship with the Heathrow joke of a deal. This distributorship has a career money-losing management team of Pagnano - worst possible news for WEHI shareholders.
Pagnano got sucked-into a multilevel marketing scheme with that exfuse stuff. So many distributers....so little product to be sold at far too high of a price. There is also risk from some of the ingredients and the FDA doesn't endorse the product.
Snake oil salesmen come to mind.
What merger? Pagnano could only get a deal done with his own company, yet seems to be hiding disclosure of this conflict of interest. I wonder why? Doesn't look good for longs, given WEHI's reputation for destroying shareholder value repeatedly due to lousy running of a public company, IMO.
Pagnano would probably be fired, if this were a real company with a real board of directors, IMO.
Howard - Mike Pagnano knew about the liens against his company
My guess is he may have done what he did to avoid losing the company (his sourse of dilutive shares for cash schemes).
Excerpt talking about co's that try to avoid creditors.....
Occasionally the judgment creditor is frustrated in the course of enforcing a judgment debt. Debtors may transfer property to another owner, which makes collection through attachment more difficult. Liens on property usually prevent the transfer of ownership. Where a transfer of ownership has occurred, state laws usually allow the judgment creditor to sue the third party who now possesses the property. Some states provide additional statutory relief to creditors in cases where debtors fraudulently transfer assets in order to escape a judgment debt. Florida's Uniform Fraudulent Transfer Act (Fla. Stat. § 726.101 et seq.), for instance, allows creditors more time to pursue enforcement of the debt.
He transferred or merged the Florida shares THAT MOST PEOPLE NEVER KNEW EXISTED to the Delaware WEHI corporation.
I wonder if he did this to avoid a siezure and sale of WEHI assets in Florida?
debtors can sieze WEHI property, cars, ect.
How To Collect a Judgment In Florida
Under the New Judgment Lien Law
How do I Collect a Judgment?
If you win a lawsuit for money, you will get a copy of the Court's judgment stating the amount of money the losing party must pay to you. The losing party is called the judgment debtor, and you, the winner, are called the judgment creditor.
If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale. This process is called execution.
With all the liens against WEHI
it is just a matter of time before they need to seek bankruptcy protection, IMO.
Little or no prospects for WEHI to get much revenue, now Pagnano/Calvi (own Heathrow) are risking that little company by associating with WEHI, already up to its eyballs in unpaid obligations.
15 billion shares authorized
once the suckers convert to preferred shares, there will be even more room for dilution of the common shares.
There is a big reason Pagnano did not disclose the cost to get his own company (Heathrow).
There is a big reason Pagnano did not disclose he is the owner of Heathrow enterprises. People had to investigate this on their own.
Disclosure only comes after all the suckers get stuck with WEHI shares. Maybe he will never tell you if he is giving out 5 billion shares for his own company 9Heathrow).
hadesdog - nice to have a few more victims getting back to pumping this thing. Great for the entertainment value of the message board.
I'm not sure how anyone could still be positive, but I guess that's what happens when people buy shares based on fluff press releases without finding out what happens to anyone buying WEHI shares at any price.
I'm not surprised Pagnano didn't disclose that WEHI bought a company already owned by Pagnano and Calvi. I joked that Pags must not have done his DD on WEHI, otherwise Heathrow probably wouldn't have had anything to do with WEHI. I see they also are not disclosing if they issued 5 billion dilutive shares to Heathrow for the deal....LOL
It looks like the other merger failed misrably, along with the Golf Channel mid-january airing.
projected earning BS from Pagnano?
In a SEC filing, Pagnano also indicated that shareholders or regulators could take action against WEHI for projections.
Excerpt:
OUR PREVIOUSLY FILED PRESS RELEASES DISCUSSED CERTAIN ANTICIPATED EVENTS WHICH FAILED TO OCCUR AND PROJECTED REVENUES FOR CERTAIN OF OUR PROJECTS WHICH MAY NOT COME TO FRUITION AND AS A RESULT, WE COULD FACE LIABILITY FROM SHAREHOLDERS OR REGULATORS IN CONNECTION WITH SUCH PRESS RELEASES.
Someone is dumping on the news. Still very little volume, but definately dumping at prices much less that the 52 week low.
Time & Sales
Price Size Exch Time
0.00 999999 OTO 14:21:00
0.00 999999 OTO 14:17:13
0.00 999999 OTO 14:15:54
0.00 999999 OTO 14:14:44
0.00 999999 OTO 13:59:41
0.00 714300 OTO 11:13:11
0.00 285700 OTO 11:12:34