Remember this 2009 buyback PR? LOL
Looks like dilution was going on shortly after their previous fluffy was put out.
we all know that billions and billions more shares were dumped by HRNF after this PR
Heathrow Natural Food & Beverage, Inc. Announces Share Structure
Market Wire "US Press Releases "
LAKE MARY, FL -- (MARKET WIRE) -- 03/24/09 -- Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce the current share structure as of today, as verified by its transfer agent. The current common shares outstanding are 220,146,013, of which 150,000,000 are restricted until March 20, 2010 . The float as of today is 70,146,013. The company does not plan on raising the float above 20% of it's authorized of 750,000,000 or 150,000,000. These additional shares will be used to retire the outstanding note with DLC Capital of $125,000 , which will make the company debt free and not require the further dilution of shares to pay down debt.
"With revenues expected to satisfy the companies capital needs over the next several years, convertible debt which causes tremendous dilution will not be necessary. As revenues permit, the company will initiate a share buyback program to bring the float down to 10% of authorized shares or 75,000,000. We strive to create shareholder value both through our share structure and Heathrow Natural Super Food products," said Michael Pagnano, CEO of Heathrow Natural Food & Beverage, Inc. "We will keep shareholders informed on a regular basis going forward though both press releases and the Investor Relations section of the companies new web site which is under development."
