Heathrow Nat. Food and Bev Inc. (fka HRNF)

[PRmaniac]

Wow, HRNF has very little cash at all.

Cash and cash equivalents
$26,437

I noticed, in their liabilities, they fail to mention the hundreds of thousands of dollars in judgment liens, court judjment owed, the $1 million owed to MDSO prize winning team.

I also saw they are still carrying the film production costs as assets, which is allowed by accounting rules. Most that know about this provision actually understand this asset may have to be written-off because of the failure of MDSO to generate anywhere near the revenue projections Mike has been spewing.

No wonder they appeared to allow themselves to get booted off the OTCBB. Not having to do audited financials is probably a good thing for a company that basically lives off of dilutive share issuances....LOL