Replies to post #41356 on Heathrow Nat. Food and Bev Inc. (fka HRNF)

[SevenTenEleven]

HRNF - Form 15 Filer. All shares issued by the company were unregistered. Nothing illegal in itself.

I don't think there was any mystery as far as HNRF was concerned. Pagnano was evidently issuing unregistered stock constantly.

But cases like these are all the more reason for the SEC to make transfer agents publish all opinion letters received and acted on.

With regard to HRNF, there was a viable business plan and product.

I personally made multiple purchases from vendors who stocked it. GNC was one such merchant.

The claims appear to focus on insider trading, and not the issuance of shares.

Here is a question that maybe you could answer...Being a Form 15 Filer, there is no requirement for the company, its officers, or its shareholders to file SEC forms with regard to material events and/or share purchases or sales...What alternative reporting should Pagnano have done to disclose his issuance and sale of company shares?