InvestorsHub Logo
Followers 71
Posts 17487
Boards Moderated 0
Alias Born 08/29/2008

Re: soupoftheday post# 10543

Friday, 09/19/2008 11:44:11 AM

Friday, September 19, 2008 11:44:11 AM

Post# of 41474
selling, no- dumping billions of shares - yes

Call the transfer agent

See also the RegDEX SEC filing from April. Convertible debenture dumping, too.

They may be at 15 billion shares outstanding in a week or two.

Also, since it appears as if shares are now going for much less than $0.00005 (yes, 5 decimal points), and financeers get them at a huge discount, there is almost an unlimited number of shares required to be issued/dumped. See the company's older SEC filings where they warned about what may happen with their toxic convertible debenture funding and the dilution that results.

I can't believe you bought into this! Another round of bagholders about to lose every last penny investing with Pagnano, IMO.
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.