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PRmaniac

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PRmaniac

Re: Seminole Red post# 32810

Wednesday, 02/02/2011 8:01:42 AM

Wednesday, February 02, 2011 8:01:42 AM

Post# of 41474
Yes, dilution with those shares HRNF plans to issue, plus their announced "equity" financing will cause even more dilution.

I believe HRNF owes the third party (CEO Pagnano) more than the entire market cap at $0.0001 in just his advances (Loans) to the company. That does not include deferred compensation and bonuses he may pay himself.

No wonder they had to increase their share auth. from 10 billion to 15 billion shares.
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