Pananoand Park have things in common?
Both run companies into the ground with debt?
Anyone even considering risking money on WEHI should look at their lack of disclosure. There were 25 million shares outstanding after the reverse split earlier in 2008.
I see there are now over 8.6 billion shares issued, plus the company added another 5 billion shares to its share authorization, bringing it to 15 billion shares.
8.6 billion divided by 25 million is 344. Does this mean the share count went up almost 350-fold in just months?
Now that they went to 15 billion shares authrorize, it looks like investors are facing up to 8.6 bilion shares divided by 25 million shares, or almost 600-fold increase in the number of shares issued in 2008.
This is a no briner - the stock price needs to tank by another 99.98 or so percent. Can you say "REVERSE SPLIT"? I knew you could.