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Re: ollinbg post# 32305

Friday, 01/28/2011 1:48:47 PM

Friday, January 28, 2011 1:48:47 PM

Post# of 41474

the past is history



I said something similar over 2 years ago. "The past is the past...maybe this time things will be different".

I came across HRNF (formally known as WEHI) shortly after they announced they were going to acquire a stem cell company. That lead me to this board to see what other people were saying about this company. I was given a very quick history lesson about this company thanks to people like redfisher,PRmaniac,hadesdog, etc.

Nonetheless, even knowing that this company had a very shady past i still decided to become a shareholder. I said, "The past is the past...maybe this time things will be different". Word going around at that time (from Pagnano himself) was with the acquisition of this stem cell company he (Pagnano) was predicting the stock could see $.10 cents. I only invested $50.00 dollars at @.0001 - as a lotto play which gave me 500,000 shares. I figured if Pagnano was truly going to turn over a new leaf, heck, then my $50.00 dollar investment at $.10 cents would give me a profit of $49,950 dollars. Not bad.

Needless to say, the stem cell acquisition never happened. Talks of share buy-backs never happened. Talks of NOT doing a R/S...well...they eventually did a R/S. WEHI did a 300 to 1 R/S and changed it's name to HRNF. The stock was previously sitting at $.0001...it opened at $.03 cents and has plunged to where it sits now. My 500,000 shares became 1,666 shares. I eventually sold my shares at the end of 2009 just to be rid of it from my portfolio. Having followed this company since late 2008 i have come to the conclusion that Pagnano is not someone who can be trusted. Just my honest opinion.

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