Each time they diluted to near the max authorization (recently raised the auth. by 50% to 15 billion shares), then they did a reverse split in 2007, diluted to near the max, then did an even bigger reverse split in 2008, then diluted to near the max once again.
Pagnano has each time destroiyed almost all shareholder value. Is it any wonder he is not putting money into the company by buying shares? Shows complete lack of confidence.
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