Reverse split - Vianna - HRNF ALREADY CHANGED THEIR PLAN A FEW DAYS LATER... added "Private equity" dilutive financing to their plan. See their Jan. 10th press release.
said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. “As stated last week, all future financing will come via private equity and/or purchase order financing.
vianna.... what board of directors? mikie is the only person listed on state filings. the company is operated out of his home. Per his occ license he operated a mail order company from his condo, uses a UPS drop bo for shipping from a company in China.
The question is how can they re-purchase stock with no cash on hand? Using money from the sales of shares is illegal and they haven't filed in so long so it's hard to know what their current cash on hand is. They can say all they want in PR's that they have something but in the end they need to prove it in filings.
If they have the revenue then they can file and show shareholders what their current share structure is and their financial status as well. They say it will all be done by no later than the first week in February which is this week.
If they don't file, one has to wonder why? They have been promising that since last June and there's NO excuse for them to ignore their fiduciary duty to their shareholders.
Whenever a company that has no cash on hand states they are doing a share re-purchase, a red flag should be raised.
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