Replies to post #57121 on NewStream Energy Technologies Group Inc (NSGP)

[redspinelpinktopaz]

1.Hasn't there been a reverse split in the past?

2. Cartman is long the stock. It is just that management hasn't always done, what they said they'd do.

[Cartman 3_16]

“... a reverse split is off the table. Management would have to get shareholder approval for this ...”

Dangerous assumption, considering management and insiders control a vast majority of the shares. If they want to split, retail shareholders would be powerless to stop it. Just like we were the last time.

[Cartman 3_16]

“why people may complain about issuing convertible debt to the market...i truly don't care”

You should. Whatever awesome potential you hope we have is largely undercut by the reality of toxic debt.

The fact that this is the only way for the company to raise money, lacking any whiff of private equity or industry interest, should concern everyone. Because it’s hard to argue that industry and private investors see any value in putting their money here.