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PRmaniac

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Re: mathias1 post# 26073

Friday, 02/04/2011 1:10:15 PM

Friday, February 04, 2011 1:10:15 PM

Post# of 130186
HPNN - even bigger problem....

Can't issue more shares that you have authorized in your state of incorporation.

If the O/S count HPNN gave to pinksheets is correct (above 2.5 billion shares) and we know they have only 2.5 billion shares authorized (Per Nevada SOS), then they could be in a bit of hot water with regulators.

Maybe thats why the DTCC took the action it did against HOP-ON, instituting clearing restrictions, etc.
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