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Re: soupoftheday post# 14325

Tuesday, 02/03/2009 12:27:03 PM

Tuesday, February 03, 2009 12:27:03 PM

Post# of 41474
soup - reverse split is imminent

Almost no one is dumb enough to buy WEHI shares at any price.

Most financial sites still list WEHI as having 25 million shares issued and outstanding (after the 1:200 2008 reverse split). Pagnano has not even disclosed the current outstanding shares. He only hinted at it (around 2 billion O/S) in one press release, all while billions and billions more shares were being issued.
Pagnano seems to purposely avoid disclosure to fleece anyone gullible enough to buy shares. The SEC and pinksheets warn about companies like WEHI. Too bad the SEC doesn't seem to do its job very often.
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