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Wednesday, December 15, 2010 3:26:23 PM
Not exactly making much of a case... dude...
I don't have any emotional investment here... could give a rats behind what happens to NIR... who, from a cursory look, seem more than capable of digging their own holes, plenty deep... Seems the Feds have already rolled in on them, too... although I'd not ever recommend "hoping the Feds fix it" as an investment strategy.
I understand your "theory" is that first ECMH "makes the business work"... based on delivering a positive test result on the engine, with that driving share prices higher, which is supposed to somehow magically pay off the NIR debt all by itself... (apparently ignoring that the price of shares they already own isn't in any way rationally connected to any of the % claim on value / share numbers inherent in the financing... ) and then, suddenly all the problems go away...
Still looks to me like share prices going higher, for a time, if they do, means only that NIR makes more money from converted shares, for a time, and then the dilution kicks in, again, and then, more of the same, ad infinitum...
The "theory" you're floating for how the business will succeed seems it closely resembles the "South Park" episode featuring the three step business plan developed by the underpants gnomes...
1. steal underpants
2. ???
3. profits !!!
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