Nephros Inc (NEPH)

[thecon00]

i think many people don't understand the offering but it is not as complicated as some have suggested. When you do the math after both the forward and then the reverse split we will still end up with about the same percentage of ownership of the company but it cost us a fee to maintain(ie participation in the offering).

on the other hand it grants W/L over 70% ownership in the company, they currently only have 43%.

this leads me to believe 2 things:

1. Before they announce next step they want to ensure they have majority ownership so by-out or merger cannot be voted against

2. They want to expose the vast number of failures to deliver that have been trading in the market

this offering will do both, we can only hope the sec is willing to hold brokers responsible for settling accounts once those accounts don't balance properly

-con