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Once HRNF discloses they have 15 billion shares authorized (up 50% from the previous share auth), one may have trouble selling at $0.0001, IMO.
Fortunately, the mod can contact Delaware at that link provided to confirm the 15 billion A/S.
So Etrade not allowing buys or sells of HRNF?
I believe Scottrade has suspended trading on HRNF, too.
Oh my!
And an SEC investigation? I've seen nothing from the company that discloses an investigation, but pinksheets warns that the company may not be providing information to investors.
Could it be related to all those warrants issued for around $815K-$825K to HRNF and billions of unregistered shares being sold?
We know the DTCC has filed notice that they placed clearing restrictions on it and have exited the cussip # for HRNF.
Why would insiders buy HRNF shares, when those shares would become practically worthless with all the reverse splits and massive dilution the company is so well-known for?
That's HRNF - say one thing and change what they do to shareholders almost as soon as the ink is dry on the first fluff press release.
They did the same right after the previous buyback hype. They diluted it to no bid with billions and billions more shares, all while claiming they were buying back shares and planning to reduce the shares and wouldn't need dilution.
No wonder so many probably don't believe much of what they continue to spew now.
Alert - GNC not selling HRNF product. Check their online stores, under brands. http://www.gnc.com/shop/index.jsp?categoryId=3703232&shopBy=brands
Not listed anymore,though it was there at one time.
Can't find HRNF sold anywhere they claim their retail partners are on their website, except that tiny Drcolbert neighbor of his in Florida.
Pretty misleading to keep incorrect info on the website for Heathrow, IMO.
Should anyone believe what HRNF puts out?
You see how HRNF goes from "no dilution" to "shares issued" (dilution) in just 5 days.
You can bet they will go from "no plan for reverse split" to "board decides to reverse split 1:300" when HRNF is back at no bid soon.
And Pagnano said their plan was COMPLETELY different 5 days earlier.
Jan 5th....
said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. “All financing going forward, will be based on purchase orders and will have no impact on the share value or require any further dilution.
Jan 10th.....added dilutive equity finacing statement and hinted about adding more shares
said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. “As stated last week, all future financing will come via private equity and/or purchase order financing. Any shares issued for such financing....
Channel - aspartame was on the ingredients list on both of the packaging labels the moderator posted in the I-box. Redfisher saved a copy of that label. So far, the moderator has refused to disclose where he got the ingredient label pictures he just replaced this afternoon.
Heathrow's website has wrong info, too.
Claims product is selling at stores where it is not selling....pretty misleading, IMO. Maybe it will help them dump shares, though.
Reverse split - Vianna - HRNF ALREADY CHANGED THEIR PLAN A FEW DAYS LATER... added "Private equity" dilutive financing to their plan. See their Jan. 10th press release.
said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. “As stated last week, all future financing will come via private equity and/or purchase order financing.
Vianna - until they reverse split and/or bloat the share pool up to their current 15 billion authorized shares. HRNF PR's that they have 15 billion shares authorized.
Looks like affiliates, insiders, and management are going to get a big payday (in shares), at the expense of the common shareholder.
Pagnano alone is owed almost the entire current market cap.....ouch.
This Great Britain Acai Gum maker does include aspertame in its gum. It does use free trade organic acai, which Heathrow does not indicate it uses in its Chinese-manufactured gum.
..............
Using ONLY FairTrade, Organic and Freeze-Dried Acai
Acai Slim Energy™ Gum
the finest Acai Gum available to Retail and Wholesale buyers
Resveratrol & possible kidney damage
Since HRNF was claiming two pieces of their resveratrol gum was equal to 10 bottles of wine I thought I'd offer this. Drug study halted after big resveratrol problems found....
.................
Resveratrol Drug Study Halted
Published May 7, 2010 Related Searches: diabetes • Phase 2 • resveratrol
Sirtris Pharmaceuticals, a subsidiary of GlaxoSmithKline, has halted a clinical trial evaluating a resveratrol-based drug after some patients suffered kidney damage.
The phase 2 study was designed to evaluate the use of resveratrol as a stand alone treatment for multiple myeloma, as well as in conjunction with a cancer drug. Five of the 24 patients involved in the study developed kidney problems.
The trial had been expected to run until December and involve up to 61 patients.
The same drug, SRT501, was previously evaluated in three completed clinical trials in relation to type 2 diabetes.
Another disadvantage of Acai and Resveratrol gum?
from an acai distributor:
Q. Why don't you sell/offer Acai Gum?
Quite simply, Acai gum has to use Acai extract, and the Acai contact of each piece is so negligible as to make very little positive impact. It's a great idea, but you'd have to chew packets a day to get the same quantity as a few capsules.
Didn't LT kinda dissapear from Xfuse website? HRNF gets some revenue from that product's sales.
Yes, HRNF product has aspartame
Study at U of W concluded most people won't have a problem. I avoid consuming it in gum or beverage because it decomposes at higher temperatures, like gum packs in your pocket or beverages stored in hot temperatures. What it decomposes into is not good, but most studies show typical consumption does not provide toxic levels of those by-products of decomposition.
Excerpt from U of W study....conclusion
This article has investigated the health effects of consuming aspartame and has found that, in general, aspartame is safe for human use. A study of the physical characteristics of aspartame showed that dry aspartame is quite stable in ambient temperatures, but decomposes into DKP at higher temperatures. The stability of aspartame in solution depends on temperature and pH. Low temperatures and acidic conditions promote the greatest stability. However, even though most beverages are acidic and are stored at low temperatures, aspartame eventually decomposes. Individuals are likely to consume DKP, but research shows that the body almost flushes itself of this decomposition product.
A review of aspartame's metabolism showed that the human body breaks down aspartame into three compounds: methanol, aspartic acid, and phenylalanine. Although methanol is toxic to the human body, research has established that the consumption of products containing aspartame will not lead to toxic levels of methanol. The same conclusion applies to aspartic acid. However, only a small amount of phenylalanine can cause severe brain damage in individuals with the genetic disease phenylketonuria. These individuals must avoid products with aspartame. To date, no substantial evidence indicates that aspartame harms the rest of the population.
Nope, no longer on GNC website. Searched by brand name, acai, resveratrol, gum, etc.
I previously was on the site, but apparently no longer is sold on GNC.
GNC pulled everything related to Heathrow from their site. Yes, it was previous listed on the brand listings.
No Heathrow product on GNC website anymore.
Can't find it anywhere, just like redfisher reported.
There appears to be some revenue, but I do not believe their projections, which seem lofty at best.
I see the dilution - massive here, big sell off going on right NOW! ;)
It´s all about the future - the past is history... -ollinbg
I see it, too. The past tends to repeat itself with this company.
Here are a couple highlights (see below) of a promissed buyback/float reduction plan they completely failed at doing in 2009. Note the similar language, hype, and the no more dilution projections....
Then note how they actually diluted billions and billions and raised their share authorization multiple times to now the 15 billion authorized shares (per recent HRNF new release).
...........
Heathrow Natural Food & Beverage, Inc To Initiate Stock Re Purchase Plan
Thursday, 16 Apr 2009 10:00am EDT
Heathrow Natural Food & Beverage, Inc announced that it will begin the previously announced common stock re-purchase program effective April 20, 2009. the Company plans to purchase up to 350 million shares over the next several months, reducing the outstanding float to approximately 75 million. Shares will be purchased on the open market consistent with the SEC guidelines set for stock re-purchase plans. The Company may seek the assistance of a third party to affect the plan. - - - - - (repeated)
Heathrow Natural Food & Beverage, Inc Announces Share Buy Back Program
Thursday, 9 Apr 2009 01:45pm EDT
Heathrow Natural Food & Beverage, Inc announced that it will initiate a common share buy back program allocating 30% of its future revenues to buy down its public float to seventy five million shares or ten percent of its authorized common shares. The Company believes that its current share price is extremely under-valued given the explosive growth of its Exfuze botanical nutritional beverage, which is the fastest growing nutritional beverage in the country . In addition, the July 13, 2009 airing of the WGL Million Dollar Shootout on the Golf Channel will provide seven weeks of national exposure for HNFB and produce revenues exceeding $300,000. Complete details of the buy back program will be released shortly. - - - - - (repeated)
Heathrow Natural Food & Beverage, Inc Signs Letter of Intent to Acquire 100% of the Assets of Natural Harmony Foods, Inc
Thursday, 19 Mar 2009 08:30am EDT
Heathrow Natural Food & Beverage, Inc announced that it has signed a letter of intent to acquire 100% of the assets of Natural Harmony Foods, Inc. for a combination of cash and restricted and/or preferred stock. Both parties agreed to a thirty day due diligence period before the signing of a definitive agreement. Details of the acquisition will be announced upon closing. - - - - - (repeated)
Redfisher - as we've seen many times before, HRNF only seems to put out enough info to further the promotion of their stock.
Recently we've seen HRNF's admission of 15 billion authorized shares in a press release.
We saw the admission of purchase order financing. The very next PR added dilutive equity financing.
That may be the reason so many warn about non-reporting pinkies, and even pinksheets dot com warns that HRNF may not be providing timely information to investors.
HRNF RAISES AS TO 15 BILLION AS PER PR...here comes the dump,now noboby will be able to get out... - redfisher
HRNF pr'd it would try to lower the float. They might need the 15 billion authorized for all the dilution coming from equity financing they PR's about.
They may also need the 15 billion auth shares HRNF PR'd about to cover the shares to be issued to affiliates, insiders, and management they warned investors they would do.
Channel - so it was HRNF that posted false info, in a PR, that there are 15 billion shares authorized? Probably not.
More likely, they filed with Delaware to raise the A/S to 15 billion, but have not yet informed their own T/A.
Miniscule volume again
Looks like most is just MM's trading shares back and forth at the same price to make it look like there is buying interest.
Notice the 2.75 million trade equals the two 500K trades, plus the 1 million shares trade, plus the 750,000 share trade?
Coincidence? Nope, looks like what typically happens to make it look like it is trading at 0.0002.
Short practically non-existant only 3 shares short
HEATHROW NAT FOOD (HRNF) OTC Type: Other-OTC
Short Interest for January 14 2011
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
3 200.00 112,855,509 1.00
suspended trading - have you contacted Scottrade and Etrade? These are major online brokerages, and they are apparently not allowing HRNF trades from customers.
Could be many more banning HRNF trades, too.
wallsteet - HRNF has done it more than once.
They issue PR's and other communication telling investors things like "no plan for reverse split", then they reverse split and dilute shares as fast as they can, so the share price can again drop to $0.0001.
They reverse split:
1:100 in 2007
1:200 in 2008
1:300 in 2009
Yes, HRNF has been suspended from trading
at major brokerages, each has indicated it was becasue of the DTCC global lock placed on HRNF.
I am fully aware that the SEC has not suspended trading, but major brokerages won't allow buys or sells.
agreed - HRNF's paid stock promoters were not able to pump the share price high enough so the shares would sell at $0.0001.
Remeber - this was at NO BID around and just prior to the paid stock promotions.
Yes, reverse split
I do believe HRNF will have to resort to a reverse split.
Reverse split in the works
Probably a 1:300 reverse split as part of the share restructuring plan HRNF announced.
I know HRNF indicted that there was no PLAN at the time to do a reverse split, but we all know how HRNF puts out info that cannot be relied on, IMO.
SO HRNF maintains the false information now?
They were sent the exit of HRNF cussip # and clearing restriction letter by the DTCC.
They have been contacted by shareholders about the trading ban at major brokerages, per messages posted here.
Not correcting that press release is pretty suspicious.
They can't dilute more right now. They have already issued many more shares than they have authorized.
Steal - HPNN has incorrect info on pinks, IMO. HOP-ON also has indicated it issued more shares than authorized (See Nevada SOS info).
from pinksheets:
HPNN Security Details
Share Structure
Market Value1 $542,700 a/o Jan 26, 2011
Shares Outstanding 2,713,500,000 a/o Oct 26, 2010
Float 1,115,000,000 a/o Sep 30, 2010
Authorized Shares 5,000,000,000 a/o Oct 26, 2010 Par Value 0.001
From Nevada Corporate commission (HPNN's state of incorporation)
Action Type: Amendment
Document Number: 20100106444-32 # of Pages: 1
File Date: 2/19/2010 Effective Date:
Previous Stock Value: Par Value Shares: 1,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 159,000.00 New Stock Value: Par Value Shares: 2,490,000,000 Value: $ 0.0001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 259,000.00
Yes, trading suspended.
Suggest contacting HRNF investor relations to see why they put out a press release claiming restrictions were lifted.
No buys or sells HRNF allowed at major brokerages.
Press Release Source: Heathrow Natural Food & Beverage, Inc. On Thursday January 20, 2011, 9:37 am EST
LAKE MARY, Fla.--(BUSINESS WIRE)-- Heathrow Natural Food & Beverage, Inc. (Pink Sheets:HRNF.pk - News) is pleased to announce that restrictions from online brokerages such as E-Trade, TD Ameritrade & Scottrade have been removed and “HRNF” is fully DTCC compliant.
News - HRNF trading suspended
at major brokerages, due to DTCC drop of HRNF and its cussip #
Re: Stock promoters
This is one of the recent promoter's disclosure mentioning HRNF. There were more, but this is one of them.
.........
Rule 17B requires disclosure of payment for investor relations. LevelStock.com has been compensated on 9-12-10 two hundred million free trading shares valued at twenty thousand dollars for two weeks of advertisement for Heathrow Natural Food and Beverage, Inc. from Heathrow Natural Food and Beverage, Inc. there after sold all two hundred million shares.
12-20-10 Levelstock.com expects to be compensated 100 million free trading shares from a third party for advertising for two weeks.
wlaastreetmav - you are aware of the warning picksheets includes when viewing HRNF quote, and the big red stop sign (No information) warning there about HRNF?
This is the info from pinksheets....
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why does OTC Markets display this warning?
Companies that are identified on otcmarkets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
How can a company make material information publicly available?
Companies can make material information publicly available by registering a class of their securities and making current reports with the SEC.
Companies can make material information publicly available by qualifying under Rule 12g3-2(b) under the Exchange Act (“Rule 12g3-2(b)”).
For companies that are not subject to SEC reporting requirements under 12(g) or 12(b) of the Act, OTC Markets provides the Alternative Reporting Standard to facilitate the availability of adequate current information.
Companies that post such information through the OTC Disclosure & News Service are able to conveniently and efficiently make their information publicly available on their quote page on www.otcmarkets.com.
The Alternative Reporting Standard is designed for companies to meet the minimum disclosure requirements under SEC Rules 15c211 and 144(b) and assist companies in protecting their affiliates from 10b5-1 violations. Companies are urged to seek the advice of experienced securities counsel regarding materiality and methods to make material information publicly available.
For more information about the Alternative Reporting Standard, please visit our Alternative Reporting Standard page.
Note: Companies may choose to provide current information on their corporate websites. OTC Markets encourages affiliates, employees, insiders, or any person in possession of nonpublic material information about a company to examine the company's corporate website for current information, if they are not able to find it through otcmarkets.com or in current reports filed with the SEC, to ensure compliance with Rules 10b-5 and 10b5-1. However, the warning message on the company's quote page on otcmarkets.com will continue to be displayed. To remove this warning message, the company must meet one of the three standards listed above.
For an overview of insider trading, visit the SEC’s website at sec.gov/answers/insider.htm.
OK, so someone that places an order can have that order executed from anyone or a MM unloading inventory.
Have you heard if the DTCC has lifted the clearing restriction chill imposed on HPNN shares?