Thursday, March 22, 2007 4:37:51 PM
First, I don't think HRHR own 8-10 billion shares. I would be surprised if he owns 1 billion, I would be very surprised if he owns 2. If you look at what we really saw him buying, it should be around 1 billion if he hasn't sold a share. The rest is based on him saying he already owned 7 billion, but there is no proof of that and given that he likes to exaggerate a bit...
Secondly, HRHR is pumping this. He wanted the PPS to be 0.001 at least by now. He even honestly expected this I think. I think he underestimated the power of the preferreds and probably didn't know about the sec filing.
He is trying to convince people to buy this to make the PPS go up. I have not seen him wanting to keep it down.
He just wants to make some money like the rest of us...
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