InvestorsHub Logo
Followers 9
Posts 2391
Boards Moderated 0
Alias Born 03/05/2007

Re: None

Saturday, 10/13/2007 10:06:20 AM

Saturday, October 13, 2007 10:06:20 AM

Post# of 18385
And the GREAT SCAM continues . . .

From the 14C:

These additional shares of Common Stock would be available for issuance from time to time for corporate purposes such as raising additional capital, acquisitions of companies or assets and sales of stock or securities convertible into or exercisable for Common Stock. The Board believes that the availability of the additional shares will provide the Company with the flexibility to meet its business needs as they arise. If the Board issues additional shares for any of these purposes, the ownership interest of the current shareholders would be diluted in the same manner as would result from any other share issuance. Although the Board continually examines potential acquisitions of companies or assets or other attractive opportunities, there are no current plans or arrangements to issue any additional shares of the Company’s Common Stock for such purposes.</I>

Does anyone doubt for a second that if HG gets his reverse split, he wouldn't start dumping 20M to 40M shares a month to pay his salary and the salaries of his cronies?

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.