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Re: SevenTenEleven post# 34657

Saturday, 03/19/2011 8:00:24 AM

Saturday, March 19, 2011 8:00:24 AM

Post# of 41474
No dilution? are you sure?
They could easily be paying shares for services or promotion, hidden by some of the rescinded shares they are supposedly cancelling.

They also have not disclosed how many warrants they issued in the 2nd half of 2010 for potentially-dilutive shares. Warrants do not show up in the share pool, but sometimes cause the company to increase the authorized shares to makes sure they have enough authorized to cover the warrants to be converted to shares.

HRNF has almost no money for buybacks, as reported by the company's financials. They cannot use money generated by shares issued for financing to do any buyback of shares.

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