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Alias Born 11/23/2012

Re: None

Thursday, 08/27/2020 12:27:10 PM

Thursday, August 27, 2020 12:27:10 PM

Post# of 2108
Well, after rereading page 40 of the presentation, I am suddenly starting to think that this stock will in fact wipe out shares. It seems as if none of the equity will be left for shareholders ("33% of the equity to new money and 67% for old money"). From this, I would advise to selling and not buying. I think NMC as a company will be fine though. The company is too big to fail and is still even opening new facilities. However, in my opinion I don't think current shareholders will be fine though and will be wiped out altogether. However I hope I'm wrong and wish the best for anyone still holding, but I would assume based on page 40 that any current shares will literally be worth nothing. I will be keeping an eye on this stock and may buy back if things change, but it doesn't look good for shareholders now.

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