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Post# of 130743
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ken6o

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ken6o

Re: iblong2 post# 9150

Tuesday, 10/20/2009 9:54:17 AM

Tuesday, October 20, 2009 9:54:17 AM

Post# of 130743
So that puts between $1.5 to $2.5 million into NIR's pockets. Didn't they renegotiate the terms last year? Trying to dig it up. Maybe I'm mis-remembering. That would mean they are potentially half way clear of their debt right?

Would seem to me that a nice series of PR's to drive the PPS up would help immensely. If this was in the .01-.02 range NIR would get paid off and we would be primed for a reverse since it would take the remaining OS to cover the debt. At that point there would be no more diluting and we could climb instead of plummet after the reverse and have a respectable PPS parallel to VMCI.
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