Replies to post #18657 on Buzz Technologies (BZTG)

[ORCA]

Shayne Heffernan talks with Shareholders of Heffernan Inc
Last Update:3:25 pm ET
Interview with Shayne “Jack” Heffernan of Heffernan Inc
What is Heffernan Inc’s Business Plan?

Heffernan Inc is an independent venture capital/finance firm focused on very early stage, high growth businesses benefiting from the rapid deployment of Asia, especially China. Heffernan Inc is an established team of experienced entrepreneurs, investors and traders. We take a hands on approach to our investments in order to help each portfolio company achieve its full potential.

Heffernan Inc offers entrepreneurs and their management team’s valuable experience and resources, including our close association with Institutions and Angel Investors around the world.

What are the Future Plans for Heffernan Inc?

We intend to continue to diversify and expand without debt or dilution until at least 2010. We will further expand our financial services through acquisitions in Asia and Nth America.

So you see Heffernan Inc as more of a Financial Services company than a Technology Company?

We treat our Technology, and in fact many of our services as currency in VC and other funding deals.

We do offer direct funding and we help corporations secure funding as well. Market has already seen news of this in other listed companies.

You have been described by many as an extremely “controversial” character; do you see this as a disadvantage?

And no doubt that is true; I would suggest many other CEO’s would fall into that category as well.

My observations would lead me to the opinion anyone that does anything of note is subject to this sort of “internet” based hearsay. I am a well known figure throughout Asia; I see that as a distinct advantage.

This current share exchange has had a cold response from the market, why did you choose this path?

This path gives us a 100% share audit, the DTC balance of stock must reduce to zero, and we can have a nice clean start on another exchange that does not allow any naked shorting.

The other advantages are the markets we are going to we are known in, and we get away from the type of holder that buys into Pinksheet companies.

People are worried you will steal their shares?

Yes, and rightfully so, however if I did intend to do that I could reverse split, do a rights issue or dilute them into non existence, I would not be signing a contract with them to do it.

You seriously think you can get this to a real exchange?

No doubt at all.

You have a lot of critics on iHub, but you have chosen not to answer them, why?

Dogs bark at me when I walk on the beach, I don’t answer them either.

[Our-Street]

lowe6er - the interview is mainly double speak and doesn't identify anything in reality. He speaks of a "we" but doesn't identify them. You know about him and Eberling but if that's it, there is little to get hopeful about.
He doesn't identify the state or country where Heffernan Inc is incorporated, he doesn't identify exactly what it owns or who is performing the audit. He doesn't identify the officers and directors or who the transfer agent is, or the physical address of the company or the phone number. In fact, he really hasn't told you anything about it at all. It's hard to disprove vague generalizations. Right now, you know one thing, you know the current value of your investment and where the stock is registered and listed. Once the exchange is complete, you won't even know that.

Diversify and expand without dilution... what is that? That's what has been theoretically happening since day one and the result is exactly zero. There is no evidence whatsoever that there is anything here beyond a webpage or two. Since I got here it went from being the next google to being a mining company to now being a venture capital company. Everything he represented turned out to be a lie. Once must conclude likewise that everything being hyped now is the same.

As to controversial, he's not controversial, to be that, there would have to be proponents of his accomplishments in addition to his misdeeds. In all the time we have researched and followed his announcement, we have found the accusations by the Australian government and elsewhere of a variety of frauds but never have we found evidence of successes. The only source of his claims of accomplishment were made by Shayne himself.

Shayne prefers to speak in broad non-specific terms like "This path gives us a 100% share audit, the DTC balance of stock must reduce to zero, and we can have a nice clean start on another exchange that does not allow any naked shorting.

The other advantages are the markets we are going to we are known in, and we get away from the type of holder that buys into Pinksheet companies." This is all non-speak. It sounds good until you actually try to understand what it says. He even confesses that he is trying to get away from guys like you and you applaud it. Why? Besides he doesn't want to get away from you, he isn't' through using you and he will keep using you as long as he can direct your buying where he wants it.

Frankly, I don't think anyone is worried about him stealing their shares. The ones who see this for what it is are selling or have sold and the rest are doing their best to remain in denial. I don't expect anything I say to change a single person's mind. I expect the shares to be turned over to Shayne, hopefully he will charge you to do it and your next opportunity to embrace the truth will be when the cash dividend isn't forthcoming as promised. Still, I am sure you will accept that change as well and will do your best to find some reason to maintain the delusion.