Monday, January 22, 2007 11:39:30 PM
You state 33 Million is the o/s? How did you learn that?
Very interesting.
Let's do some simple math. 33 Million times 212 (which was the reverse split) is over 6,600,000,000 presplit shares!!!!!!!!!! The prior maximum amount of shares was 250,000,000, but Paul raised it to 2 Billion right before the reverse split. 250MM wasn't enough.
Now that's alot of shares that Paulie has printed in the last few months because there were less than 2 Million post-split shares at the time of the reverse split.
So Paulie the pumper printed about 30 million shares!!! At the present price, that's almost $3 Million!!!
Print Paulie Print!
Now if I buy RHNA today and there are 33 Million shares, how many shares are going to be printed over the next few months?
Most likely, Paul Taylor and/or a new gang of people controlled by Taylor have some preferred shares that they can convert to common and dump onto the market.
Print Paulie Print!
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