Nephros Inc (NEPH)

[mikeyk]

The rights offering needs to be approved first by valid share holders in the proxy vote, after that the company will announce the time frame/window for share holders to subscribe to the offering, that could possibly be by the October 15th date or some date after the vote is finalized, we don't know yet since the vote hasn't been finalized yet, won't be final until the November 30th share holder meeting. And its also possible it could take longer since no one has seen a proxy card yet or had their brokers send them a link to vote online, which could be a sign that the DTC list shows more than 41 million shares as authorized currently sitting in peoples accounts, and would be a clear sign of naked shorting. That matter would need to be dealt with first since you can't have more votes than there are shares, 1 vote per share.