Remember the last time the claimed buyback.....ouch!
Outstanding Shares
7,289,762,180 as of Jul 6, 2010
Authorized Shares
10,000,000,000 as of Jul 6, 2010
Float (shares)
4,500,000,000 as of Jul 6, 2010
Note: HRNF now claims float is around 5 billion shares.
Remember this excerpt from their 1/1/2010 fluff PR?
.......Additionally, HNFB will again begin to purchase its common shares in the open market to reduce the float by 95% or 2.5 Billion shares. This will be done over the course of the next 6 months. Also, HNFB has engaged counsel who is representing 75 plus pink sheet firms to reverse decisions by Scottrade and E-Trade which currently do not allow buy orders for HRNF and several other sub-penny stocks. This decision by the two online brokers is not directed at HRNF directly, but sub-penny stocks in general.
"We look forward to an explosive 2010 where our products will stand out in a crowded Natural Food market place and deliver the revenue needed to propel HNFB to the next level. With steady revenue and the open market buyback of the majority of our float, we should see our PPS move significantly higher in 2010," said Michael Pagnano, ........
They've issued billions and billions and billions of shares since the statement in January from the CEO. LOL
I'm thinkin' they will be dumping billions more. Just watch out for the next reverse split, IMO any guesses? 500:1 or maybe 2000:1 this time?
