Herborium Group Inc (HBRM)

[downthehatch]

Right you are, pual!
As Malc Stone and I warned many times, HBRM is all smoke and mirrors. Nothing illegal, but certainly not NEARLY enough in sales to support the billions in shares the company has issued over the years, and then reduced to what looked like a reasonable A/S by doing an R/S.

But no one wanted to hear the truth, they wanted to believe that a few hundred thousands in sales would support the price, ignoring the hundreds of millions of new dilution shares being pumped out to them every month. They bought the shares happily, as the price continued down, claiming that each new low was a "buying opportunity"

Agnes loudly said they had "no plans for an R/S" and then quietly raised the A/S from 990 million to 10 billion, clearly revealing the plan to keep on diluting.

Yes, plenty of buying opportunities.

The problem: No selling opportunities.

HBRM is a completely legal, pinky scam.