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Alydyr

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Alydyr

Re: foxmeadows1 post# 18252

Monday, 03/17/2014 5:08:05 PM

Monday, March 17, 2014 5:08:05 PM

Post# of 144814
The cash balance is a result of issuing stock at below market prices. That is a BAD THING.

As for your comments about debt reduction.....You do realize that the liability section of the balance sheet and equity section are on the same side of the balance sheet. In other words, the stock issuances replacing the debt is a net zero. Further, if the stock issuances are below market, you create larger levels of dilution of the shareholder (i.e. the debt is larger). Debt reduction at the expense of large common share increases is a bad thing. That is EXACTLY what you see here at NLVX.

From today's Form 10-Q filing......

As of March 17, 2014, the Company had a balance of approximately $4.0 million in its bank account as a result of numerous sales of Common Stock
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