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PRmaniac

09/05/08 10:45 AM

#9549 RE: PRmaniac #9548

Now I see they have increased the authorized shares to 15 billion. If the Transfer Agent is correct, then that that would equal 300 TRILLION shares on a pre-reverse split basis (2007). They did a 1:100 reverse split in 2007 and a 1:200 reverse split already this year.

Looks like he plans to dilute shareholders' equity to $0 once again.

I don't think anyone could sell their shares now if they wanted to. Looks like no bid at all again. That's what seemed to trigger the last reverse splits, too.
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Seminole Red

09/05/08 10:47 AM

#9550 RE: PRmaniac #9548

very true 'PRmaniac' ....the only winner in this lotto is mikie cause he knows what the numbers are before the shareholders....

can any one guess why mikie dosent file with the sec....lol
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USNY

09/05/08 10:53 AM

#9551 RE: PRmaniac #9548

If Mike Pagnano has done so many illegal things why has no one prosecuted him? Seems that somebody would be as at least as upset as the bashers here. Not trying to defend him, just wondering why no one has taken him to court if he is really stealing money as has been portrayed here. Seems as though some one would have done this by now after 5-6 years???