Suggested a 30 to 1 reverse split? How ironic that another NIR
victim, ECMH, did that very thing back in June of 2010. From
the looks of things, they will be doing that again this year to
accomodate another round of NIR convertible note toxicity. The
90 day window is very interesting.
It is humorous that there is thinking as to the nature of the
settlement being in Preferred Stock instead of Common. What
would make NIR sit up and take notice would be if it were true.
But they (NIR) know better.
Did a little DD on that other stock about predictions and came up
with a interesting observation in that they almost always fall
short. 90 days, or whatever, is irrelevant. It is the theory
itself that will fail in the end. NIR's motion to dismiss will
be decided long before then. Barring any more delaying tactics
from NIR, it will be interesting to see how NIR survives the suit
if there aren't any other problems that NIR will have to deal
with that alters the whole situation.
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