Those unaware of the CEO's dilution business model
one more post from less than 1 year ago. HRNF is a dilution & reverse split nightmare for anyone that bought shares.
Those promoters will sell if they can get anything above $0.0001. Then they dissapear after their 2 weeks or so paid service.
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By: rs4racing
19 Oct 2009, 01:44 PM EDT
Rating: Msg. 5033 of 5049
Jump to msg. #
HRNF - forced to raise share authorization
They now havew 5 billion shares authorized, and their current outstanding share count is well above 2.6 billion shares.
Apparently, investors who believed Pagnano's buyback and no dilution needed press releases now see their shares worth even less, and are a muvch tinier shares of the bloated share pool.
They may need to raise the share auth to 10 billion,, then 15 billion soon.
The share price is already headed toward $0.0001, then will be NO BID as the dilution increases at a horrid pace.
(Voluntary Disclosure: Position- Short; LT Rating- Strong Sell)
