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Re: HDOGTX post# 4164

Thursday, 03/22/2012 11:44:48 AM

Thursday, March 22, 2012 11:44:48 AM

Post# of 74729
Much worse than 2 billion common shares. All the dilution of 2 billion common shares and all the privileges that any preferred would get. Any preferred issued in a reverse merger would have liquidation preference and maybe even super voting powers. The old preferred out there is not what any preferred would be in a real deal. That preferred was a gimmick for maintaining voting control. It they do preferred, I'd head for the exits twice as fast as if it was common. I consult on deals. I have some experience. This a a huge red flag and from a guy hiding out in Europe. This has trouble all over it and huge dilution just around the corner. This is already a $20 million stock after the merger and nothing to support 10% of that.

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