Inergetics Inc (fka NRTI)

[Nutrition121]

Before the 1 for 80 reverse split there was over 1.5 Billion shares outstanding. The huge AS share count was in my opinion caused during the restructuring that occurred between 2009-2011. The Company was deeply in debt to the tune of $18 Million and was virtually BK except for the fact that they had a great product (SURGEX). The Company crunched the debt 2 times during that period converting debt into equity ( OVER 91% of Secured Debt and Over 85% of unsecured Debt) ; with the last restructuring completed in Sept 2011 along with a 1-80 reverse split. The AS before the split was 2 Billion shares and that never number changed after the reverse split.
As Crookedneck in his talk with the new CEO was told ; dilution is not the aim now since the restructuring was completed. It is shareholder value that is foremost; revenue building and market share that is the focus.
I am extremely pleased to see that Michael James is taking advantage of the New Jersey NJEDA Tax Certifate Program which netted the Company $2.2 Million in Jan 2013 (Non Dilutive Funds) and potentially $3-$5 Million to come (NON DILUTIVE FUNDS).