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Re: GuruTrader post# 23670

Tuesday, 09/15/2009 12:05:14 PM

Tuesday, September 15, 2009 12:05:14 PM

Post# of 41474
gapper - not good news for HRNF - (Massive dilution)

We already know that almost ever share traded is a newly-issued share dumped by HRNF. HRNF has been diluting as fast as possible, al while apparently misleading investors that they are buying back and the O/S count will be going down.

There are almost 1.5 billion newly-issued shares dumped on the market through HRNF since those PR's.

Pagnano's track record is not one he should be proud of. I'm not sure anyone that does DD would believe anything that man tries to get the most gullible to believe.

I even think he may have lied in his latest finacials, IMO. He stated the company is debt-free, when he (Pagnano) obviously knows they owe judgments, court-ordered judgment, and notes they promised the Florida attorney general they would pay.

I wonder if someone sent a copy of that "debt-free" PR plus copies of all the judgments against the company to the SEC tipline, would Pagnano get charged with filing FALSE financial reports by the SEC or FINRA?

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