Connexus Corporation (CNXS)

[lesgetrich]

I'm not saying that a reverse is inevitable only that it is one possibility. Whether it is a bad thing depends on the value/assets that the target of the merger brings to the resulting public company. Right now there is little or no book value to this company. A reverse merger could change that over night.

If I understand the CL&M article correctly, the merger could also be accomplished by the issuance of up to 85% of the Preferred shares to the private equity holders. We'll just have to let things play out to see where we end up.