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Re: soupoftheday post# 8148

Friday, 08/29/2008 2:43:39 PM

Friday, August 29, 2008 2:43:39 PM

Post# of 41474
That could be true. Maybe they need to reserve that last 2.5 billion shares or so for the convertible debenture shares still needing to be issued.

WEHI's share authorization is definately 10 billion shares, per WEHI's own admission. CEO Pagnano confirmed this.

I'm more than a bit concerned. There were 25 million shares outstanding right after they did the 1:200 reverse split earlier this year. I can't believe they've done this same thing to shareholders once again.

I think the "reorganization" announced by WEHI is really going to be another reverse split, so the stock price can resume dropping. It will probably be 1:400 or more for the reverse split.
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