Replies to post #931 on New Energy Systems Group (fka NEWN)

[hippychick]

In fact the only reason the company states for the r/s is this.

The company, however, hopes that the higher stock price will make that company look better and thus the company will be a more attractive merger target for potential business. There is no assurance that that company’s stock will rise in price after a reverse split or that a suitable merger candidate will emerge.

[bUrRpPPP!]

Amazing, they did not r/s the a/s shares to 14 mill and left them at 140,000,000..... that is not good. That is not good at all. hmmmmmm

[bradford86]

<bold>authorized shares my opinion</bold>

alright, stop freaking out and misinterpreting the wording of the reverse split and not reverse splitting the authorized shares.

reverse splitting the authorized shares requires filing forms with the state and another waste of time. i like companies that don't find unnecessary ways to waste time to please everyone.

FACT May 2009:
Common stock, $.001 par value, 140,000,000 shares authorized, 54,460,626, issued and outstanding


Common stock, $.001 par value, 140,000,000 shares authorized, 54,460,626, issued and outstanding as of March 31, 2008 and December 31, 2007

so, they haven't diluted their shares in the past 2-3 years. in my opinion, they didn't need to reverse split to dilute anyway because they could have easily sold off another 100,000,000 shares.

the reverse split in my opinion is simply going to be used as a catalyst to uplist. this stock is way too cheap. let the stock price go up and ride to a larger exchange. all the disclaimers are just legal jargon for what you should already know.