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Birdie - WEHI is basically flat broke
If they (WEHI) had real assets, the judgment liens in Florida would allow victims to sieze those assets through the court process.
At least the beverage company has some owners with a few dollars. WEHI was only using that angle because all their other merger talks failed. Panano merged with his own company, and failed to disclose the conflict to his shareholders. He must have been hoping they would not do research and find out Pagnano actually owned the company he supposedly merged with.
You forget about Pags' yearly reverse split.
Multiply 9.6B shares x 200 and then by 100.
200= 2008 reverse split ratio.
100=2007 reverse split ratio.
The resultant number is how many oustanding shares are really out on a pre-reverse-split ratio.
Boggles the mind, doesn't it?
Won't be long now until the next reverse split - 1:1,000 this time, IMO.
HOP-ON's track record of massive dilution
is also a reason people won't buy. Every other time hop-on has had a hype-indiuced mini run, shareholders find out later the company is diluting tons of shares and/or doubling the share authorization or getting an "equity" investment 9means cash for dilutive shares).
HOP-ON then does a reverse split to bring the share price temporarily higher so they can dump even more dilutive shares, driving the price right back down.
Anemic volume like yesterday = bad sign
Sellers are there, but buyers are apparently not willing to buy many HPNN shares. Just small sells and the tiny trades to help prop-up the share price.
I'm guessing HOP-On is trying hard to think of more fluff PR's to put out to try to help get more gullible investors to buy shares.
Yes HPNN will go right back down FAST. Lots of selling while a few more bagholders are getting stuck with shares at these high prices.
HPNN may easily drop below $0.0005
as long as they can keep delaying issuing audited financials, shareholders can still be fleeced by those unaudited financials, IMO.
More tiny trades to prop-up the share price.
Looks like longs are selling their shares to the gullible ones, who will become the newest bagholders.
friend sent me confirm - no buys of HPNN on Scottrade
Ones on left column, including HPNN, are ones they won't let you buy.
Clearing Restrictions
Scottrade has set restrictions on the following securities due to clearing restrictions:
No Buy/Sell Only No Buy/No Sell
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No Buy/Sell Only - You cannot place buy orders on this security. Only sell orders can be placed.
No Buy/No Sell - You cannot place either buy or sell orders on this security.
* Symbols appearing in green text are recent additions or changes to the list.
Updated 02/18/09
friend says Scottrade won't allow buys of HOp-ON
said this has been in place for a couple years, due to clearing restrictions.
How many other brokerage firms will not let their customers buy HPNN shares?
pogie - $8-$10 trades are being made to try to prop-up the share price. You can see it on L2, just like the trades the manipulator was doing often near the end of the day to artificially inflate the share price.
I see tons of share supply available
Smart money selling into any temporary rally?
Only around $10K-$11K in shares traded so far today?
Looks like HOP-On will have to get the PR machine going and issue as many $100 press releases as they can so the sellers can likely dump shares into any temporary rise in the share price.
Tiny trades once again at high prices, obviously trying to prop-up the share price.
Looks like a lot of selling going on, too, taking advantage of the fluff press release.
So will HOP-On lose $30-$50 for every $10 phone they try to sell?
Has anyone seen the radiation emissions data for the phone the press release talks about?
You are correct. There is no China trip.
steal also posted incorrect info - this wasn't a good week for HPNN. Hardly any shares traded and very little buying interest at all.
800 million is not a low share structure
There were 10+ billion shares authorized in 2005 just before the reverse split. The reverse split reduced the share structure to 15 million shares.
Within one month, they quadrupled the authorized shares to 60 million shares.
Within 3 more months, they raised the share authorization from 60 million to 210 million shares.
Just 6 months later, the authorized shares were increased to 410 million shares.
Apparently, due to this massive dilution going on, HOP-ON had to raise the authorized shares to 810 million shares in 2008.
So, if you were a shareholder, HOP-ON has continued to dilute your equity into the ground.
HPNN may need to just declare bankruptcy soon
They are purposely avoiding filing audited finacials (like HPNN promised), which might mean they don't want to re-state all the past unaudited finacials if their booked sales never became real revenue.
Please step down as moderator - you did sayu you would if the stock price didn't make a run.
steladeal - reverse split in the works?
That seems to be the only way the HPNN share price would increae. You may remeber that HPNN did reverse splits after diluting their shareholders to almost nothing.
soon after the reverse split, the stock price resumes the dowhill slide.
If HPNN doesn't provide the audited financials it promised numerous times, the share price could drop at least 90% in a hurry.
Looks like HPNN may drop 90% or more
The fact that there are very few buyers or buying interest at any price leads me to believe that HPNN may drop at least 90% in the next month or so.
Spo far, the stock price appears to have been kep at current high levels mostly by buying of tiny share blocks to make it look like there is buying interest.
They showed "booked" sales, but it is likely those sales never turned into actual real revenue. Audited financials would reveal the truth about those so-called sales they claimed in the unaudited financials.
Hop-On will have some real bad news coming, IMO. Just be patient. It will come. HOp-On hasn't let their shareholders down, yet. They always seem to do much worse than expected.
Probably the worst is the problem they are having with audited financials. Contact the company for more info and to ask why they are unwilling or unable to provide the audited financials they have repeatedly promised.
steal - that post looks pretty much right on the money. Can you tell us what parts you believe are untrue. It would be easy to still find info to back up what he posted.
Nokia was even considering taking action against hop-on, but I think the news article about HOP-ON trying make people think a disguised Nokia phone was a hop-on product just about did it for HOP-ON. http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/03/29/BU13539.DTL&type=business
Did you notice that HOP-ON has not been at a CES show under the HOP-On name (booth registration under hop-on) since?
I'm wondering if they are banned from the CES show for life for what most would consider fraud (the Nokia disguised phone incident). Can you think of any other reason HOP-ON wouldn't register a booth at a trade show under the HOP-ON name?
Why look forward? Why not look to how someone like Pagnano gets away with what he does to shareholders?
Pagnano the CEO even admitted shareholders or regulators could take action against the company. Look at previous SEC filings from when they were a reporting company before being delisted to the pink sheets for failure to file required timely reports.
No a huge selloff of HPNN is coming on the bad news coming.
The selloff may drive the price down around 80% or more within a few weeks.
So, no trades at all today?
Seems that buying interest has all but dried-up.
I see that HOp-On still has not produced audited financials that the CEO promised more than once.
Did the HOp_On CEO's probation officer have to give him special permissipon to travel? People are saying PM is/was in China. Because of Peter Michaels felony conviction and felony probation, he is required to get special permission for any travel.
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.