Before you invest in this, google the Rayat family. Especially Herdev and Harmel. They have more otcb stocks going than I have hair on my head, all with "Break through news" coming. Many of them have the infamous spin off companies or subsidaries. The sec has cease and disist orders against them but I am sure there are way to many spin off companies to catch them all. One of their companies is even a stock promotor website promoting penny stocks.
According to Citron reasearch they print more paper than the NY Times, and all to themselves. Don't buy
Here is just a little excerpt of what I found. Hepalife is the latest deal by Vancouver Stock Promoter Harmel Rayat. Mr. Rayat is the majority shareholder of Hepalife. Who is Mr. Rayat? Ask the Securites and Exchange Commission. http://www.sec.gov/litigation/litreleases/lr16662.htm.
HE IS A STOCK PROMOTER
As a matter of fact, the offices of Hepalife are the same offices as were those for EquityAlert.com, Mr. Rayat�s promotion company.
For that matter, the offices of Hepalife are shared with four other companies that Harmel Rayat controls. Let�s see how these companies are doing so we can guess the fate of HPLF. All of the below companies share the same small office with Hepalife at 1628 West 1st Avenue, Suite 216 Vancouver, CA.
ETHO- .25 ETPT- .24 EDAN- .25 IPTH- .0001
Rayat and family print more paper (to themselves) than the New York Times.or in his case the Vancouver Sun. Mr. Rayat has issued himself and his family TENS of MILLION of S-8 shares of HPLF, options and warrants at an average of $0.07
Who is the new President/CEO? On September 23, 2003 Hepalife announced that Mr. Arian Soheili is the new President/CEO of Hepalife. Is he a researcher? Is he a Doctor? Is he a liver specialist? No, he is a front man for Harmel Rayat.
Mr. Soheili used to be the treasurer, secretary, and director of Biommune (BIMM).now trading at .0001. The Rayat family were major shareholders in Biommune. And in order to keep the streak going, Biommune had a dubious history with the SEC for putting out false news to the public.
Don't own but have looked at several times. Interesting info, have seen some of it before. Still can't understand whay their address is losted in Boston instead of Vancouver ?? Are you sure this is one in the same ?
The article is from Aug. but when I read it I saw a lot of consistancies with OCTL.OB.
OK.........It took me quite awhile, but Yes, this is the same company. It used to be Zeta corp. as stated in yahoo finances profile page, which you probably already new.:) Herdev is listed on Secuties page http://www.hepalife.com/sec_filings/30206-2.html It is listed in Boston but Zeta tracks right back to British Columbia office of Mr. Rayat.
Zeta is a subsidary of Entheos and guess who owns that company........Yep you guessed it.
Now they have started a company called Octillion corp. and befor egetting anything accomplished but hyping they now have a spin off company called micro channel.
I am going to try and accumulate everything I can on this, including web sites and contact the sec. and check them out more.
I forgot they are also peddeling shares of another spin out company called Micro channel to shareholders of OCTL.OB. The catch? You had to be a shareholder on record as of a specific date (can't remember the date) to get the shares and while people were holding their shares to get the shares from the spin off the otcl shares went down about 1.00 per share....... Harmel and Herdev appear to have a huge scam going....