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Re: GuruTrader post# 23703

Wednesday, 09/16/2009 9:17:59 AM

Wednesday, September 16, 2009 9:17:59 AM

Post# of 41474
gapper - I see you still can't figure out the real Pagnano. Too bad you got sucked-in before the real dilution begins. You will definately have a different opinion once there are 10 or 15 billion shares issued and you see your "share" of the share pool a fraction of what it is right now.

Try reading through recent PR's, especially the one about needing up to $3 million in financing. Then do the math to estimate just how many dilutive shares will need to be issued. Pretty scary thought, huh. This kind of dilution is nothing new to HRNF. Already this year, Pagnano has diluted from around 35 million shares outstranding at the 2009 reverse split, to almost 2.5 BILLION shares issued and outstanding now?

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