NewStream Energy Technologies Group Inc (NSGP)

[Cartman 3_16]

Exactly. The math does not bullshit. And it trumps any other baseless fantastical BS being floated here.

Besides, the post-split price has no real meaning going forward from the split because they need to increase the share count (dilute shareholders) enough after the split to be able to raise $18 million to pay off noteholders, plus whatever extra cash they need to (allegedly) reassemble their test plant.

$18 million at .40 per share is 45 million shares. That’s at .40, which will never ever hold after dilution. So the final count will be much higher.

Considering the immediate post-split AS will be 5 million, it should be easy to see the devastating magnitude of devaluation that’s coming.

Makes no sense to me to do anything other than cut losses now. Even if you believe there’s some kind of miracle waiting on the other side of the split — I sure don’t — you’re better off taking what you can get for your shares now, and buying back after the dust settles.

But to each her/his own.