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Re: None

Wednesday, 10/14/2009 12:56:05 PM

Wednesday, October 14, 2009 12:56:05 PM

Post# of 41474
Is HRNF already at their share auth limit of 2.5 billion shares?

Does anyone know if they have already raised the auth to 5 or 10 billion shares (Delaware) so they can continue dilution?

Being at their share auth limit might be the reason the volume has dropped-off. If at their limit, HRNF can't dump more shares until they file a new limit with Delaware.

I'm guessing they will need to raise the limit to at least 15 or 20 billion shares because of their desire to get $3M worth of financing. Do the math to see how many shares at a 20 or 30% discount they will need for $3M.

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