HRNF's "third party is actually its CEO. LOL
Pagnano now is owed close to 3.69 billion shares-worth of HRNF at $0.0002. This does not include deferred salary or bonuses. While he actually is not owed the actual shares, it is illustrative to see just how many shares that really would equal. It is also interesting that he seems to rather keep this as a debt owed to him, rather than own the overvalued HRNF shares. He probably already knows a reverse split will be needed in 2010, for the 4th year in a row. Anyone think the new ticker will be HNFB?
This info can be found in the latest financials, and in the notes to those unaudited finacials.
.............
Advance From Third Party
$737,000
Excerpt from notes:
NOTE B – Advances from Related Parties
This reflects monies owed the CEO from direct cash loans and does not include deferred salary or bonuses.
