Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Judgment liens still show up on sinbiz against HRNF
A search of both Heathrow and WGL Entertainment shows hundreds of thousands of dollars of money HRNF owes, with interest accrueing.
Didn't the moderator indicate these would be removed on Monday?
Here is just one of the judgment liens
Judgment Lien Detail
Processed Thru 01/25/2011
To determine if a writ of execution on a final judgment was docketed with a sheriff prior to October 1, 2001, view the filing image.
Filing Information
Document Number J10000854676
Status ACTIVE
Case Number 37-2008-00095106-CU-BC-CTL
Name of Court SUPER COURT CALI. SAN DIEGO CO
File Date 08/18/2010
Date of Entry 02/01/2010
Expiration Date 08/18/2015
Amount Due $219,743.79
Interest Rate 06.00 %
Name And Address of Judgment Creditor (Plaintiff)
GOLDEN GATE INVESTORS, INC.
1795 UNION STREET, THIRD FLOOR
SAN FRANSICO, CA 94123
Name And Address of Judgment Debtor(s) (Defendant(s))
HEATHROW NATURAL FLOOD & BEVERAGE, INC.
7025 CR 46A, SUITE 1071
LAKE MARY, FL 32746
Document Number: F08000004202
WGL ENTERTAINMENT HOLDINGS, INC.,
7025 CR 46A, SUITE 1071
LAKE MARY, FL 32746
Document Number: F08000004202
Events
There are no events for this filing.
Will HRNF have to disgorge(return) the $815K proceeds they got from Gendarme for the warrants/shares sold illegally by Gendarme?
The SEC investigation revealed most shares were sold by Gendarme almost immediately. HRNF may be worried about the SEC action because they may have been made aware of Gendarme trying to remove restrictive legends on the shares and allowed this to continue.
Yes, dilution with those shares HRNF plans to issue, plus their announced "equity" financing will cause even more dilution.
I believe HRNF owes the third party (CEO Pagnano) more than the entire market cap at $0.0001 in just his advances (Loans) to the company. That does not include deferred compensation and bonuses he may pay himself.
No wonder they had to increase their share auth. from 10 billion to 15 billion shares.
No, the DTCC order is not a good thing at all.
Now we know, per the Sept 27th press release, that the DTCC chill on HRNF clearing was in place in 2010, too.
To have it imposed one day after HRNF announced restrictions were lifted is a really bad development for the company.
from Sept. 27th.
In addition, the company plans to be upgraded to Current Information on the Pink Sheets the week of October 4, 2010. The company is also working with DTCC to have the Chill removed from its common shares and once again be DTCC eligible. This course of action will have a positive impact on removing any buying restrictions which remain at certain online brokerages.
I don't think it will be halted. The DTTC exit of the cussip number both in 2010 and now in 2011 is bad enough, IMO.
Not natural ingredients (cont'd)
So Heathrow Natural is selling non-natural ingredient products?
Here is one in their gum - Maltitol see discussion below......
Maltitol is not a natural product
It’s important to keep in mind that maltitol along with its sugar alcohols family, is not a natural product. It does require processing and fermenting of the corn starch to make it into a sweetener able to be used in foods.
And a little more research easily finds a verdict …
What I personally feel is misleading, is how these ‘health’ products claim to be sugar free when clearly they’re not. While powdered maltitol has a lower glycemic index (36) than cane sugar (60), it’s glycemic index is still not THAT low. And maltitol syrup actually has a very high glycemic index of 52.
I also don’t think you can class maltitol as a beneficial or health food like you can with natural sweeteners, considering maltitol is a highly processed food source that contains little nutrients, or even no nutritients at all. I was not able to find a single source on the web that listed the nutritional value of maltitol. So I’m assuming, like refined cane sugar, maltitol is an empty carboydrate that contains no nutritional value at all.
I hate the idea of putting anything into my body that contains no nutritional value. My body is going to have to go through all of that hard work and energy digesting the ‘food’ for nothing in return.
Maltitol also very slowly absorbs into the body so can have a laxative effect, causing gas, bloating and in some case diarrhea.
Is it artificially flavored? Can't really be calling it natural if they use any artificial flavoring.
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 Energyâ„¢ 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.