Honda ...it was a confusing series of events in 2009 with the one for 200 R/S follwed by a six for one F/S instead of the intended two for one F/S . The end result was a reverse split equivalent of approximately one for 30 reverse split . These two events were quite ambiguous , I think deliberately to hide the company's dilutions .
In May 2009 there were ~ 345 million O/S then in July 2009 after the R/S and F/S there were approximately 10 million O/S which quickly ballooned to over 33 million O/S as the company was paying down their convertible debentures .
The recent raise in the A/S to 500 million in conjunction with several default notices on some of their convertible debentures suggests the company will heavily dilute in the coming months .
A few juicy news releases will help them dilute ....a lot !
Investors can re-evaluate when NPWZ releases their 10-Q by May 21st , in actuality by monday the 23rd since the 21st is saturday .
To bite the worm of incite is to bite the HOOK of the antagonist . They win .