Replies to post #978 on Regeneca, Inc. (fka RGNA)

[richrichrich]

Also, are these not the "classic" actions, prior to a RS?......Usually, the preferred shares are not affected by the RS.

[NextStage1]

Thankfully the selling seems to have resolved itself.

According to 3/1/11 8-K: "Mitch Huhem was issued Fifty Million (50,000,000) shares of Common Stock of the Company, which shares shall be fully paid, validly issued and non-assessable restricted stock."

It was restricted common stock. So he can't sell it in the near term.

There are a lot of issued common shares but that's why the want to eventually do the reverse split.

Mitch Huhem and others wouldn't be accepting stock as part of their agreement to work with Regeneca if they didn't believe in the potential of the "stock" of the company. My thoughts anyway.