Another poster's opinion of HRNF
I concur.
I WOULD NOT TRUST THIS COMPANY 17-Feb-11 11:01 am So I figured maybe $100 would be good for a high amount of risk but also a high reward. You could get 1,000,000 shares for that.
As everyone here has mentioned in this message board history, this CEO should not be trusted. I personally think he is losing out on (blinded) "investors" and therefore must come up with new ways of pulling people in. He has pulled too many reverse splits followed by more dilution way too many times, and now he thinks people have finally caught on. Therefore he must do something BOLD: project $15 million in revenue (from TWO products) AND show some "initiative" on his part ("reduce" the float and reduce the authorized share count).
Firstly, it is virtually impossible (from my opinion in the food & beverage industry - SodaStream) that two products will generate $15 million in revenue.
Secondly, unfortunately there is no way to check if he really canceled (bought back) any shares. There is, however, a way to check on the authorized shares. It has been a month a half since the PR when he stated that the authorized share count will be reduced to 500 million. Well - hate to break it to you guys but there has been no reduction as of today. It still stands at 15 BILLION. ONE AND A HALF MONTHS! I didn't know it takes so long to reduce the authorized share count? It doesn't. If the authorized share count gives any clues, one could hypothesize that there were in fact NO shares that were canceled or bought back.
Given his prior history - I would advise ALL potential investors to stay away from this company.
Sentiment : Strong Sell
