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There is no naked shorts in WEHI
Also, short interest is almost non-existant. Try doing a bit of DD before posting and know that almost every penny stock security where people claim naked shorts are ruining things are really companies that can't even make money and stuck longs and sometimes even the sadly mistaken CEO's (OSTK, for example) are trying the conspiracy theory to blame others for their own company's problems.
WEHI
Short Interest Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Aug 29, 2008 19 -100.00 550,019,171 1.00 No No
Aug 15, 2008 1,092,234 -58.44 145,386,353 1.00 No No
for September, less than $150 in shares are short.
WGL ENTERTAINMENT (WEHI) OTC Type: Other-OTC
Short Interest for September 15 2008
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
1,478,485 7,781,400.00 70,219,311 1.00
More like another pump and dump shell that can be diluted into oblivion. I think Pagnano sees that no one is buying shares anymore. Did you see the steep discount given to the private placement deal he made? The toxic death spiral convertible debentures also feature steepo discounts and the financeers can almsot immediately dump those shares to lock-in their profit at the expense of diluted private holders.
Soup, like I said - no merger
Just another share dumping for cash scheme
See the SEC private placement filing.
No, doesn't matter- the Warning about WEHI on the pinksheets dot com site is enough for most to avoid getting involved in penny stock dilution schemes with CEO's that seem to mislead their shareholders and potential investors. Pagnano even admitted he may face action by shareholders and/or regulators in previous SEC filings.
soup - there is no merger. You can't merfge a company like WEHI that has so many liens and court judgement and with little or no assets with another company with no track record and a patent that may be worthless, too.
This is just more of Mikie's shell game.
He is being watched, IMO.....keep tuned...maybe Mikie already knows about it.
Soup = did helen parks resign, too?
Doesn't look good for stemtronix or WEHI - both appear to have little or no assets, but need pumping by a team to help them dump billion of shares.
Reverse split and more diulution
WEHI is likely facing another reverse split, the second this year.
stemtronics has basically no assets, either
a patent with little or no value is just another shell game. Maybe Pagnano will just resign and face the claims against him and his company.
So WEHI is going belly-up and a new shell stemtronics will be available to dilute billions of shares all over again? Is the Florida attorney general involved and do the multiple lien judgments against Pagnano and this company have anything to do with it?
I see the CEO (Pagnano) feeds you material insider info to have you help him disperse to the message boards, not unlike a fax spamming campaign the SEC has gone after so many penny stock queens before for, right?
People are able to report fax, email, or message bour penny stock spamming to the SEC's enforcement dividsion, if they think this may be going on with any stock.
bondmat - things can change as WEHI get "NO BID" and no one can unload their dilutive shares for cash....then a reverse split is almost a given. You are already likely seeing shares go for less than $0.00005, although quotes from common services only show to 4 decimal places.
Reverse split is the most likely scenario
the the PPS can head back down to $0.0001 and the oustanding shares can be duluted back close to 15 billion shares.
I see pinksheets dot com has a warning for WEHI and penny stocks like this. Just click on the big red stop sign(No information) after getting a quote for WEHI. I think the "questionable management" part and "should be treated with suspicion" particularly apply, IMO.
..........................
Dark/Defunct
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. Companies in this category do not make Current Information available via the OTC Disclosure and 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 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.
Did you read the fine print in Pagnano's press release?
"reduce by 95% the public shares". There are very few public shares. Almost all are considered private.....the convertible debentures, the private placement for cash (their most-recent SEC filing), the so-called merger dividend shares to the other company. No wonder they were forced to increase the authorized shares from 10 billion to 15 billion.
I wonder if the SEC is watching him in what appears to be feeding certain people non-public material info in hopes (or even requests) that they post it to message boards. This, to me, is not unlike the fax spamming that got so many co's in trouble, IMO.
FRANK - YOU MEAN THE REVERSE SPLIT?
WEHI is not even getting much interest at $0.00005 and lower -0 yes, trading to 5 decimal places is possible in these pinkies. Can you imagine if their shareholders knew about the close to 9 billion shares in recent dilution and about the increase in share authorization from 10 to 15 billion shares?
They wouldn't even get a bid.....ooops, haven't we already been seeing basically no bid some of the time already?
USNY - some people know mikey well enough that he is once again giving you a line of BS. Look at all the shares he has dumped over the years. Personally invested? That's a crock.
Pagnano is just angry that most are on to his dilute and pollute schemes. Ask him about Upwon and his memberships for cash scheme. Ask him about why the company was delisted. Ask him why the attorney general charged his company with false advertising and required him to put cash in escrow prior to holding any contest.
Ask him about the employee incentive plan, his car allowance, the liens against him/and the company.
Ask him about all the admitted terrible projections about revenue he made, when billions of shares were under distribution for cash and why he even disclosed that shareholders and regulators may take action against the company.
Of course you see something.
Obviously you overlooked the fact that 95% reduction of the "public" shares is almost no shares at all. Do you not think that in itself is misleading? Wouldn't correct disclosure be to tell people how many shares are "public" so they would know that 95% reduction still leaves anywhere from 8 to 15 billion non-public shares in the share pool?
I sure wish the SEC wiould set more examples of companies that prey on the gullible investors.
rheddle - WEHI will probably go belly-up
They can't keep not paying their obligation without florida shutting them down, especially when they find out the company has been dumping shares for cash to help pay other bills, company car leases, etc.
Who thinks this is why they no longer issue financials, were delisted, but keep trying to dump shares for cash?
Howard - he has been fleecing shareholders for years, IMO. He doesn't give updates on outstanding share counts and has diluted shareholders into pennies (or less) on the dollar equity stake from when they originally invested. Even now, WEHI obviously has plans to dilute even more, since they just raised the share authorization 50% to 15 billion shares.
you wrote: "You make a mistake holding him to a time line"
Tell that to anyone that bought shares anytime in the past, only to see him dump billion of dilutive shares, do reverse splits, then continue to dilute billions of dilutive shares, then do another reverse split and repeat the dilution.
Pagnano would be fired at a real reorting company with a real BOD, IMO.
Pretty cool? It is an old rerun filmed in 2005.
It doesn't look like they are making money off of any of the airings.
I also saw WEHI is still in deep default, with many judgment
liens filed against the company in Florida.
You trust Pagnano? OMG
Just look at the past press releases and the history of not producing what he promises.
pickstocks - some are here because they love to follow failing companies like WEHI and point out to others that they are mostly just share dumping businesses and seem to put out projections they likely know they'll never obtain to help them dump shares for cash to further they cash for shares business.
frankbob - not a chance
In 3 months, WEHI has added at least 7.5 billion new shares.
You are supposed to get a dividend of practically-worthless stock, too. The stock price of WEHI will have to drop to reflect this.
Due to dilution, do you realize how much your equity in your investment has plumetted as a percentage of the overall total shares of WEHI?
Soup - The attorney general required the company to place prize money for any events into escrow before the event. Yet another thumbing of his nose at the attorney general's office, IMO
Short interest is practically nil
as of Aug 29, 2008
5,270 shares short or $21 worth of HPNN stock at the tape painted price of $0.004.
WEHI owes $1,000,000 to the winning team of the MDSO. This was owed 30 days after the airing of the final episode on any network, per the company's own SEC filings.
Judgment liens againt the company in Florida.....
can be found at http://www.sunbiz.org
Judgment Lien Name List
Filing Number Debtor Name Address
J04000018226 THE WORLD GOLF LEAGUE, INC. 258 E. ALTAMONTE DRIVE
J04000040774 WORLD GOLF LEAGUE, INC. 285 E. ALTAMONTE DRIVE
J05000101409 THE WORLD GOLF LEAGUE, INC. 2139 WEST STATE ROAD 434
J07900007260 THE WORLD GOLF LEAGUE, INC. 2139 WEST SR 434, SUITE 101
J08900000257 THE WORLD GOLF LEAGUE, INC. C/O NRAI SERVICES, INC., ITS RA
J08900012458 THE WORLD GOLF LEAGUE, INC.
Soup - wrong again - the transfer agent is required to disclose the outstanding share count to any shareholder, potential shareholder, or state or SEC regulator that asks. Some agents seem to be gagged, but they can be reported to regulators. Tell them you are recording the conversation for your own protection and include the date and time of your conversation in the recording.
soup, you are not understanding - Pagnano saying he will reduce the public shares by 95% when there are very few public shares is misleading at best.
Ask him how many (exactly) public shares are issued and outstanding. Then ask him if there are already over 10 billion shares issued and outstanding. Then figure out what your percentage of the total shares outstanding (public + private) you own compared with what you would have owned when there were 25 million (TOTAL) shares outstanding right after the 2008 reverse split.
Do you think Pagnano would have disclosed that there were close to 9 billion shares issued as of last week if a poster here had not been calling the transfer agent and getting updates? Actually, he (Pagnano)didn't. He did reveal that there were 2 billion shares out a few weeks ago, but there were over 5 billion out within a day or two of that.
Scary stuff, huh?
Welcome to the world of penny stock losing companies, who's entire business seeems to be mostly to dump shares on unsuspecting people like you.
MYSTIK - PANANO WARNED INVESTORS
That the company could face regulator or shareholder action. You can read it in their SEC filing 10Q, for the period ending Sept. 30th, 2006.
An excerpt from it is posted below:
It has come to our attention that we may have inadvertently issued more shares of our common stock than we actually registered on Forms S-8 during 2004 and 2005, which issuances may have been in violation of one or more federal or state securities laws. We have offered rescission to consultants who we believe may have received shares in excess of the amount registered. We offered to pay upon tender of the shares, an amount equal to the value of the consideration given for the common stock subject to the rescission offer plus interest at the applicable statutory rate in the state in which the consultant resides from the date of issuance through the date the rescission offer expires less any income received by the consultant from the common stock; or if the shares of common stock subject to the rescission have been disposed of, the difference between 1) the amount that would be received upon tender of the shares of common stock and
2) the aggregate price received by the consultant upon disposition of the common stock plus the amount of any income received by the consultant from the common stock. While all of the consultants who were offered rescission rejected such rescission, we could still be found to be liable to the consultants pursuant to the terms of our rescission offer, at law or in equity.
Additionally, we may have issued shares of common stock to certain individuals and entities during 2005 and 2006, which shares were registered pursuant to Form S-8, which issuances may not have been eligible for registration on Form S-8, and which issuances may therefore be in violation of one or more federal or state securities laws. We have not offered any of these shareholders rescission and we may therefore be liable to such shareholders in an amount equal to i) the value of the consideration given for such shares plus interest at the applicable statutory rate in the state in which the shareholder resides from the date of issuance of the shares less any income received by the shareholders from the shares; or ii) if the shares have been disposed of, the difference between 1) the amount that such shareholder would receive pursuant to (i) above and 2) the aggregate price received by the shareholder upon disposition of the shares plus the amount of any income received by the shareholder from the shares. As of the filing of this report, we do not have any plans to offer rescission to the shareholders who may have received Form S-8 registered shares, which may have not been eligible for registration pursuant to Form S-8.
38
--------------------------------------------------------------------------------
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.
Certain of our press releases issued within the past six months referred to the anticipated entry into distribution agreements for our MDSO, including our October 26, 2006 press release which stated that one of our partners would negotiate "eight additional" airing rights agreements, which may have misled investors into believing that we currently had one or many airing agreements in place, which we don't, as well as our October 23 and 24, 2006 press releases which stated that we believed we would close up to four airing contracts within thirty days (which now seems unlikely as we have not closed any airing agreements to date), and our October 9, 2006 press release which stated that we anticipated closing a network contract with an Asian television network on October 11, 2006, which contract has not closed to date. Additionally, certain of our press releases, including our October 30, 2006 press release which projected revenue of "over 12 million dollars" during the first season and over "thirty million dollars" over the next two years in connection with the broadcasting of the MDSO, which projections may not come to fruition, and which projections our management now believes were too aggressive as we do not currently have a distributor in place for the MDSO and there is no way to project with any accuracy the future revenues the broadcasting of such show might generate. If any investors purchased shares of our common stock based on our previous press releases, which may have led certain investors to believe that the closing of broadcast contracts on our MDSO was imminent and/or that we would generate substantial revenues from the MDSO, which we currently believe it is too early to tell, we could face liability for such purchases if those investors end up losing money on our common stock. Additionally, because certain of our press releases may have included aggressive projections, which may not have been clearly marked as estimates, we could face liability from market regulators in the future in connection with such press releases.
selling, no- dumping billions of shares - yes
Call the transfer agent
See also the RegDEX SEC filing from April. Convertible debenture dumping, too.
They may be at 15 billion shares outstanding in a week or two.
Also, since it appears as if shares are now going for much less than $0.00005 (yes, 5 decimal points), and financeers get them at a huge discount, there is almost an unlimited number of shares required to be issued/dumped. See the company's older SEC filings where they warned about what may happen with their toxic convertible debenture funding and the dilution that results.
I can't believe you bought into this! Another round of bagholders about to lose every last penny investing with Pagnano, IMO.
soup - you forget
There are almost no public common shares at all. Read the Regdex filing from april on the private placement and the convertible debenture dumping of billions of shares. These are not public shares.
They are probably retiring a few million shares.,...that's it.
Pananoand Park have things in common?
Both run companies into the ground with debt?
Anyone even considering risking money on WEHI should look at their lack of disclosure. There were 25 million shares outstanding after the reverse split earlier in 2008.
I see there are now over 8.6 billion shares issued, plus the company added another 5 billion shares to its share authorization, bringing it to 15 billion shares.
8.6 billion divided by 25 million is 344. Does this mean the share count went up almost 350-fold in just months?
Now that they went to 15 billion shares authrorize, it looks like investors are facing up to 8.6 bilion shares divided by 25 million shares, or almost 600-fold increase in the number of shares issued in 2008.
This is a no briner - the stock price needs to tank by another 99.98 or so percent. Can you say "REVERSE SPLIT"? I knew you could.
timbuk - did you read all the past press releases from the company? If you did and still think Pagnano is to be trusted to do anything to help shareholder value, then good luck with that.
Is Florida going after the company for all its continued defaults and failure to pay prize winners what they are owed? I saw something on Raging Bull message board about this. I know the Florida attorney general previously charged Pagnano and company with false advertising years and I believe the company still hasn't paid prize winners what they are owed, at last report.
Without the tiny trades by the trader trying to make it look like HPNN is trading higher, the bottom is going to drop out on the share price.
It looks like there are not many buyers interested - can you blame them? They got stuck with a diluting CEO that can't even keep promises of issuing audited financials. This makes HPNN even more suspicious, IMO. Why CAN"T they ever complete those financials. Is
I hear he was covicted of a felony fraud by the feds, too. Skipped out on jail, but is stil serving felony probation. Converted the shares from that company he was involved in during the fraud into HOP-ON shares, which started his latest fiasco.
Not much changes in Pagnano land.
Anyone even considering buying even one share should go back and read every press release over the years from Pagnano's ever-reverse-splitting, ever-changing-business-models failures.
Then look at the SEC filings when they were trying to report occasionally to the SEC before getting delisted to the pink sheets.
Look at their revenue projection PR's and see how the company even admited it could face action from shareholders or regulators for some of the stuff they put out.
It looks like the company doesn't even pay prize winners and purposely avoids payment, even losing in court to one prize winner....I still doubt they have paid that guy. They are apparently in defualt, too, on other payments, per the financials.
Some of the pumpers here look like they chose to stick their head in the sand rather than even mention some of the things those with dissenting opinions mention. Anyone wonder why? I'm guessing they know this is going nowhere but downhill and are just hoping for a temporary hype-induced spike to dump their shares.
Probably a reverse split announcement within weeks
I can hardly believe Pagnano puts out a PR indicating 2 billion shares outstanding! Last update before that was the R/S resulting a total of 25 million WEHI shares.
Then one poster calls the transfer agent and we find out there are over 8.5 billion shares out. Then a poster emails the CEO to ask why they increased the authorized shares by 50% to 15 billion shares and finds out WEHI needed even more dilution.
From 25 million shares in just months to over 8.5 billion is bas enough.
Can you imagine what those people that bought WEHI will think when they find out there are close to 15 billion shares out?
The Pr's seem somewhat misleading at best. I've even seen people posting about shares for cash schemes. I read past posts about those so-called UPWON memberships that were basically shares for cash. They even tried to keep selling memberships 9shares for cash) after they quit holding any events, explaining that none of the mewmbers requested any events to be setup....ROTFL.
No, not strange at all.
Pink sheet stocks like this trade to 5 decimal spaces. Your trade is reported as a $0.0001 trade, because most finacials sites round up to nearest 4 decimal places.
Yes, you could sue the company. A past prize winner tried that and won his case against Pagnano's company, but last Pagnano reported he did not pay the court judgment or any other prize winners.
The Florida Attorney General, in the false advertising case against Pagnano, required the company to put any prize money in escrow before any contest was advertised/held. He obviously is not paying prize winners or complying with the attorney general, IMO. If he was, the million dollar prize would have already have been paid to the winning team of the MDSO. This prize was due to the winners 30 days after airing of the final episode, per the comapany's SEC filings.
I cannot believe the Florida attorney general's office hasn't revoked their business license or fined them for advertising the MDSO contest without having the $1,000,000 prize money in escrow. That money was due to the winning team 30 days after the first airing of the show......a long, long time ago in UK/Ireland on Setana Sports NETWORK. I noticed that the company still owes prize money and I think a court judgment from past prize winners. Failing to pay them was what triggered the attorney general's false advertising charges agains Pagnano's company.
great email sent to Mike P
a snake oil salesman and ponzi scheme operator comes to mind.
The ONLY reason some of those PR's came out is that we have someone truly doing DD and contacting the transfer agent to see the massive dilution play-by-play. Before that, he diluted as fast as humanly possible(IMO) but apparently purposely avoiding keeping his shareholders informed.
I wonder if he would have disclosed increasing the A/S by 50% to 15 billion if the person did not tell us what he found out from the transfer agent?
I have no confidence that WEHI won't soon go the way of most companies that owe huge sums of money and only survive by dumping shars for cash......they go bankrupt.
Terrible news about ZCOM - is this true?
By: re-run
05 Sep 2008, 04:35 PM EDT
Msg. 4741 of 4741
(This msg. is a reply to 4737 by swindles.)
Jump to msg. #
Swind, I found this one
from: tony demaio PostPosted: Mon Jun 30
Post subject: Zcom Networks, Inc.
we never merged with z-com and resened any deal 12/27/07
they have us listed on their web site as a subsidiary
this is a lie.......we have nothing to do with z-com
tony demaio ceo big media usa
www*hotstocked*com/message-board/about4083.html