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NewbieWar

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NewbieWar

Re: maverick one post# 10034

Friday, 08/28/2015 3:30:26 PM

Friday, August 28, 2015 3:30:26 PM

Post# of 19165
Firstly, the notice already came... came to NBG on the 11th and posted to SEC from NBG on 24th of Aug

Second, nothing is "nasty" about a reverse split.

Your ignorance probably refers to dilution of equity in effort to reduce liabilities on the balance sheet.

Although in this case, dilution would be bad to subsidize underwater bonds with severely weathered market capitalization, dilution is not inherently "nasty" and can be used to increase value to all stakeholders.
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