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Re: pumper_stumper post# 1364

Sunday, 10/24/2010 4:14:39 AM

Sunday, October 24, 2010 4:14:39 AM

Post# of 1639
This discussion began when you tried to make it appear that NXXI's revenues declined 67% over last year and I simply pointed out that your post was very misleading and gave the reasons why..
Again you are misleading when you try to make others believe that EBIDTA is not a measure of growth..Perhaps you should read the attached link which should explain that better to you..

http://www.google.com/url?sa=t&source=web&cd=3&sqi=2&ved=0CCAQFjAC&url=http%3A%2F%2Fwww.mysmartrend.com%2Fnews-briefs%2Fnews-watch%2Fspartan-motors-has-relatively-high-ebitda-growth-auto-parts-equipment-industr&ei=3-DDTLjzJ8e-nAfK-NHdCQ&usg=AFQjCNFGa8Hyyu1GqvXQdFNj-Bml7-RAxQ

Regarding your opinion as to the extension of the contract with the Preferred investors again I see that you sound confused because actually the Preferreds have NO legal rights to force NXXI into BK..Bondholders may be able to do that but not Preferred Shareholders..The major difference between Preferred Shareholders and Common Shareholders is that the Preferred Shareholders have "superior rights to assets" in the event of a liquidation or bankruptcy.. They cannot force a company into bankruptcy!!!..
Perhaps the attached link will help you to better understand the rights of Preferred Shareholders..

http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBMQFjAA&url=http%3A%2F%2Fwww.allbusiness.com%2Fbusiness-planning%2Fbusiness-structures-corporations-stock%2F3779142-1.html&ei=tOnDTLGPLNHTngfN04DuCQ&usg=AFQjCNFGc3iNfS4oSWaP1Iw05LaSoGpq7A

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