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Re: jb55 post# 29746

Saturday, 12/10/2016 1:18:50 PM

Saturday, December 10, 2016 1:18:50 PM

Post# of 84335
The authorized shares are now reduced to 2.9 billion from 3.9 billion as per the NVSOS.
With what money can NECA buyback any shares? They are broke.
Between the end of May and now NECA has added 700 million shares to the issued and outstanding to now read a tad over 1.9 billion.
When the 90 day so-called self imposed non dilution phase is over NECA will have no option but to issue more shares to cover debt because they are broke.