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We saw the pump - here comes the dump, IMO
Time & Sales
Price Size Exch Time
0.00 999999 OTO 13:59:41
0.00 714300 OTO 11:13:11
0.00 285700 OTO 11:12:34
Only around $200-worth of shares traded today
That is much more than WEHI usually trades, though.
I see auto and others are trying to dump their shares, but finding they can almost never get a "bid" on WEHI.
Still NO BID, $0.0001 ask.
Yes, trades for less than $0.0001
Time & Sales
Price Size Exch Time
0.00 714300 OTO 11:13:11
0.00 285700 OTO 11:12:34
Most wouldn't even know that the outstanding share count (through massive dilution) as gone up almost 400-fold in just months. Pagnano seems to purposely avoid disclosure of materially significant details unless he may be "leaking" the info to minions to "leak" to message boards.
WEHI also owes $1,000,000 to the winning team of the MDSO.
I also see the mid-January airing apparently got cancelled. Maybe it was all the people warning the Golf Channel about the press release WEHI issued and WEHI not paying its obligations.
auto - do some DD - downside is to $0.00000
WEHI did a 1:100 reverse split in 2007. WEHI did a 1:200 reverse split in 2008. Each toime the stock price quickly returned to $0.0001.
Now they may need a 1:1000 reverse split to align with the preferred share ratio. They also need a reverse split because there is almost never a bid for WEHI shares at the high prices of $0.0001.
5 billion plus shares for Heathrow? Could be. It is Pagnano's own company WEHI bought. Pagnano didn't disclose this, either, in any of the press releases.
Looks more like the latest failure from WEHI, IMO.
WEHI faces huge lien judgments in Florida
Could the company just get siezed and auctioned-off if these lien judgments get certified as Federal ones?
WEHI - 1:1000 reverse split coming?
They may have no choice, since they are rarely ever getting a bid on their overvalued share price, now trading at $0.0001 or less. 9not trading very often, though.
Is WEHI at 15 billion shares outstanding, yet?
I wonder why the WEHI CEO didn't disclose how much or how many shares WEHI paid for the WEHI CEO's own company (Heathrow)?
Could it be the samne reason WEHI seems to purposely avoid diisclosure on how many shares are issued and the fact that they increase the authorized shares 50% from 10 billion to 15 billion shares?
Longs may not realize that WEHI had 25 million issued and outstanding shares right after the last reverse split less than 1 year ago.
They've dumped almost 10 billion shares in just months.
WEHI - still no bid, ask at $0.0001
it looks like only the most gullible would buy WEHI shares at these high prices.
red - stem probably did DD on WEHI and found all the lien judgments against the company. They could have also researched the projections and other fluff and compared it to WEHI actual results. That would scare most credible companies away.
I'm surprised Heathrow (owned by WEHI CEO Pagnano) agreed to be acquired by WEHI after doing DD on WEHI. Must be that conflict of interest thing that Pagnano failed to disclose to shareholders.
I see Pagnano also didn't disclose how many billions and billions of dilutive shares that will likely be issued for Heathrow.
hadesdog - margins are much higher when a private person becomes a distributor. WEHI has to pay for Pagnano's company car, expenses for the office in their condo, $100 pumping press releases, and legal expenses to try to avoid paying the WEHI obligations.
Soup - 2007 article? WEHI wasn't a big rating hit at all. They received "outstanding" responses, but no mention of whether there were more than 2 responses total.
WEHI was required to pay the prize winning team the $1,000,000 30 days after the final episode.
Looks like, as of 2009, WEHI still hasn't paid the winning team or many past prize winners of other contests.
No wonder there are so many judgement liens against WEHI.
Yes, another sad day for WEHI investors
One day closer to the likely next reverse split and destruction of all shareholder value, IMO.
When will WEHI get forced to pay their obligations or will lienholders just get a federal lien and sieze all WEHI assets, including Heathrow? Still not worth much, but an asset siezure may help them cope with never getting paid by WEHI.
Still no bid for WEHI shares?
Not surprised at all. Many wouldn't have know about the close to 10 billion shares of dilution in less than 1 year unless nosy people contacted the transfer agent. You didn't expect Pagnano to keep his shareholders informed, did you?
What's up with you?
Supporting a crooked felon CEO of HOP-ON when all the evidence seems to show a lot of the stuff they claim is misleading, at best, IMO?
I see you didn't do any DD before getting stuck with HPNN shares.
LT ALSO WAS ARRESTED
at a charity event after he got caught buying crack from an undercover officer/informant.
I think he got felony probation for that one.
Is WEHI already issuing tons more dilutive shares? Someone on the Yahoo message board contacted the transfer agent.
Now they'll probably need a 1:1000 reverse split. They did a 1:200 in 2008 and a 1:100 in 2007. Destroyed all shareholder value each time.
Looks like dilution is gonna get bad once again, especially after they convert some common to preferred shares.
Did you notice WEHI provided no disclosure once again?
Did they give 5 billion common shares to pay for Pagnano's own company (Heathrow)? Did he disclose the conflicts he has?
One would think, since WEHI appears flat broke, that WEHI would disclose to its shareholders hoew many common or preferred shares they are issuing for Pagnoano's own company (Heathrow).
You have to admit. hadesdog noticed the scam companies early and has been spot-on ever since.
hadesdog seems to be interested in pointing out that bogus projections, pump/dump-like press releases to help dump dilutive shares for cash, and so many broken promises are some of the best reasons to avoid WEHI at all costs.
It looks like you started your due diligence long after buying shares that are almost worthless now.
Just how do you think WEHI could acquire a distributor (one of many, many already) of someone else's product without again diluting WEHI shareholder value to $0?
Since WEHI appears to be almostr flat broke, just how do you think they will pay for the distributor?
Did you know that particular distributor is already owned by Pagnano and Pagnano's buddy from Upwon. Upwon was involved in the memberships for cash for shares scheme they tried previously. Do you really believe they actually sold real memberships to real corporations? I'm not convinced, especially since the so-called members didn't seem to want to take part in any of the membership perks or request events.
Birdie - just what is good about the plan?
WEHI indicates it will try to be a distributor. Do they even have any money to do this?
soup - looks like a 1:1000 reverse split will be needed right after the so-called preferred share conversion.
What will mikie do if those numerous Florida liens against the company are certified as federal liens?
Do you think this is why Mikie rolled that other Florida corporation into the delaware one.....to make it harder for lienholders to claim Florida assets of the company?
Pagnano is known for not paying obligations, so I doubt the little fuzie company will extend him any credit. I see that almost anyone can try to be a distributor of that stuff. With mikies marketing track record, I fully expect that venture to generate about 1/10th of 1% of what he projects.
moto - so you support scamming companies like HOP-ON?
Here is an exerpt from a SF Chronicle article that exposed the scamming Peter Michaels, who kept it up until even further exposed by the paper and Nokia.
............
In news releases and interviews, the publicly traded California company says it has developed and manufactured an "innovative, technologically advanced" phone so cheap that customers can toss it away when they are done. Hop-On says the phone will retail for $30, including 60 minutes of calls.
But after cracking open several samples with Hop-On's name and kangaroo logo, The Chronicle found the "revolutionary" device appeared to be little more than a jury-rigged Nokia in a new plastic shell.
Underneath the red plastic casing, one sample was clearly labeled inside as a "Nokia 8260."
Another Hop-On cell phone contained a part with Cingular Wireless' name and logo. Cingular spokeswoman Monica Mears said the part, called a SIM card, came from a batch of 100 Nokia 8290s it sold Hop-On last year. A white rechargeable battery in the phone also looks identical to one used in Nokias, though the name has been etched off. Only the circled R, denoting a registered trademark, remains.
"All the components that make it work are ours," said Nokia spokesman Keith Nowak. Nokia, which examined the samples at The Chronicle's request, said it is considering whether to take action against Hop-On.
Hop-On Chief Executive Officer Peter Michaels was initially evasive when asked why the phones appeared to be modified Nokias. "Hop-On technology is proprietary," he said in a faxed reply.
But after The Chronicle explained its findings in greater detail, Michaels said the repackaged Nokias were "promotional samples only. They are not Hop-On production phones."
Michaels explained that the Garden Grove (Orange County) company was forced to use Nokias to produce the samples because of glitches with its own invention. "We had to scratch one of our designs," he said. Michaels, however, insists Hop-On is working out the bugs. "We are light years ahead of anyone," he said.
moto - HOP-ON didn't have a booth at CES
They had to use someone else's booth. The product didn't work right. I'm guessing HOP-ON didn't want to get a booth out of fear Nokia workers would hang around teasing HOP-ON about getting caught trying to claim a disguised Nokia phone was a hop-on product.
billy- You are correct, sir
I see they are having trouble finding buyers of this POS at any price.
Even more suspicious is the trader that posts trades of a few dollars-worth of shares at high prices to inflate the stock price. This kind of manipulation is a sure sign that an investors can't sell and is trying to manipulate the share price, hoping another gullible person will buy shares of this bloated security.
Birdie - WEHI has nothing to to with the natural food company. They were just planning to be one of the many, many, many people trying to get someone to buy a bottle of the stuff. Anyone can become a distributor.
WEHI has already proven they pretty much fail in all their new business models they try, to help them dump dilutive shares for cash to stay afloat. IMO
hadesdog - anyone can distribute the stuff. Many, many, many are already trying to sell this stuff...LOL Just do a google search for all the people trying...ROTFL
This is almost like Amway, but with little or no demand for the high-priced product.
The actual company (no relation to WEHI) has Eric Dickerson, Fred Funk, Seth Joyner, Nat Moore, and Lawrence Taylor involved. Any wonder why Pagnano is trying to ride on their coattails to help pump his ailing stock price?
On another note: Since the numerous lien judgments were recorded, people are obviously trying to collect from WEHI. I would expect WEHI has to pay them or face liquidation soon (is it worth anything at all?)
With all the Liens judgments against WEHI....
I'm not sure there is any way for WEHI to get out of their current situation. Lienholders may end up owning the company, or WEHI may have to file for bankruptcy protection, IMO.
And most trades are 4 much less than $0.0001
almost never even seeing a bid on this one, for quite some time now.
Maybe a 1:1000 reverse split is coming sooner than most thought? How else will they get anyone to buy shares? Gott get the share price lower so newbies (sucker buyers) can actually get shares for closer to reverse split adjusted $0.0000 and longs can try to sell. They can't sell their shares at $0.0001 and it looks like they aren't even finding buyers for market orders. Ouch.
Wrong. webcasinos is just another of Peter's follies.
Biggest trade so far is for $100-worth of HPNN stock. What a joke. Almost no buying interest, as usual.
It is probably infomercial time again....LOL
How he gets away with not updating shareholders when his deals fall through is beyond me. WEH
I is not even getting a bid anymore most of the time for their overvalued shares.
Reptile - what do you mean "would have" ?
You don't think certain people already let the GC know about that huge lien judgments, failure to pay prize money promised, etc.?
When Pagnano told people, in his PR, that it would be the Golf Channel through his cryptic hint, that was all that was needed.
The GC surely wouldn't want to be associated with a company that is known for not paying obligations, IMO.
No deal to air MDSO?
Looks like the middle of the month has come and gone and still no airing or schedule for airing.
I wonder if Mike P. is worried that, if he announces the network name, people will notify the network about the numerous lien judgments and non-payment of prize money?
What network would associate their name with Pagnano after finding out WEHI's reputation (and Pagnano's)? IMO, of course.
Is a 1:1000 reverse split coming next?
Rarely ever someone dumb enough to bid on shares at these high prices of $0.0001. Massive dilutiuon after each of the past 2 reverse splits has destroyed all shareholder value.
The preferred share conversion offer has basically shown what the next reverse split ratio will be. 1:1000, then dilute 'till there is no more shareholder value once again.
hades - there was a 1-hour special 7-8 pm, but that slot has since been changed and no MDSO.
Maybe all the people warning sports networks that WEHI doesn't pay prize winners helped them decide to avoid Pagnano and crew.
Or maybe a little DD by the networks' lawyers showed them they probably shouldn't associate with a co. that purposely tries to avoid paying obligations. The lien judgment list against Pags' company is getting pretty long. If something like gets certified as a federal lien, then they can go after the company itself, and WEHI might have to seek some kind of bankruptcy protection, IMO.
HOP-ON not on CES 2009 exhibitors directory
I saw someone comment that they pulled the same stunt last year, and never made the exhibitors list.
This is terrible news for HOP-ON shareholders.
You asked AMA33 - all I was doing is responding and pointing out that my post was indeed on-topic. WEHI doesn't pay their obligations.
Any legitimate business that seeks to associate with WEHI would first have their lawyers do DD and they would find out what a risk it is to associate with a company like WEHI and a CEO like Mike Pangnano.
Did you really get involved with this company?
Merry Christmas.
AMA33 - WEHI has a number of liens for a LOT of money against them. So far, I don't think they have satisfied those liens against the company.
They also owe $1 million to the winning team from the 2005-filmed MDSO.
The Florida attorney general should visit Mikie, IMO
Advertising and putting out PR's without money in escrow to pay prize winners and still not paying past prize winners is one reason certain networks may not even want to get associated with WEHI.
If they do a little investigation on WEHI, they immediately find out about all the liens and non-payment of prize winnings and non-payment of contractual amounts.....looks like he may need to find another line of work....LOL People in florida know him too well.