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Re: Seminole Red post# 23468

Monday, 08/24/2009 1:35:09 PM

Monday, August 24, 2009 1:35:09 PM

Post# of 41474
I'm pretty sure Pags conviced some gullible newbies to buy some stock.

I think that most shares are just the private placement stuff and the hundreds of millions of shares that are going to paid stock promoters.

Pags must be laughing at all those that believe anything he puts out.

He's probably already planbning the next increase in the share auth to 5 or 10 billion shares, plus the next reverse split.

Next reverse split could be coming very soon.

Pags still needs to write-off film production costs that he is still carrying on the books as assets, IMO. If there really was any revenue for the reality show, accounting rules would have required him to lower that asset by revenue received.




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