Nymet Holdings Inc. (fka NYMH)

[JJ123abc]

"What they "forgot" to mention was the fact that this occurred during the time when Perihelion was doing everything in it's power to reduce the inherited share structure. The A/S common shares wound up getting reduced from over 30 billion, down to where they stand today with an ungagged T/A at 155 million!"

How does a company lose value by reducing A/S shares?

All that means is that the authorized shares were reduced, outstandig shares were going up all year. What value did the company get for the additional shares outstanding?

The question on the radio stations was were they worth $1.2MM or even $600,000? We know what he paid for them. One is said to be on air and I think that I read that the other one is not on the air.

Does the note to the CO include a security interest in the radio stations? We don't know what the complete terms of the note are, probably not an unsecured note, but in any event it has priority claim on the co assets over any stockholder claim.