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PRmaniac

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PRmaniac

Re: power_forward post# 16384

Friday, 03/13/2009 11:16:38 AM

Friday, March 13, 2009 11:16:38 AM

Post# of 41474
Can't rely on Pagnano for the O/S info at all, IMO.

The 2008 1:200 reverse split left 25 million shares outsatanding.

Before the latest yearly reverse split, there were comments by Pags on the O/S being around 2 billion. Shortly after that, the TA revealed that the O/S was over 5 billion. Shortly after that it was close to 9.6 billion shares.

Apparently the ink was hardly dry on the 2 billion O/S PR and the O/S count was climbing exponentially and Pagnano did not disclose this.....on purpose? I think so.
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