Heathrow Nat. Food and Bev Inc. (fka HRNF)

[PRmaniac]

soup - does it matter? Preferred shares are still shares and this just allows the potetial reduction of the common shares. Problem? Yes, because it still leaves WEHI with 15 billion authorized common shares. So much dilution possible, while preferred shareholders cannot sell for 6 months. They will be stuck even worse.

In 6 months the comman shares can balloon to 10-15 billion shares once again.

We all know the history of Pagnano - he is an expert in destroying shareholder value repeatedly and is a terrible CEO, based on all available evidence.

One can assume he will continue to destroy all shareholder value once again.