Replies to post #1346 on Nephros Inc (NEPH)

[jayree]

Read this confusion somewhere... here it is from Palaceo

Here is the term of the warrants of NEPH before the reverse split 1 for 20; 1 warrant to purchase 0.9245 shares of common stock (NEPH) at $.02/share for a period of five years following the issue date of the warrant.

Now, after the reverse split, just simply divide by 20 (round number is easier).

1000 warrant divide by 20 give you the approx # of shares. Each share will cost .40 cents.

[thecon00]

smokey; jay is totally correct as I understand it:


1000warrants / 20(reverse split still applies) = about 50 new shares you could purchase.

The purchase price will not be .02 because you now need to multiply by 20 (due to the reverse split). Therefore:

.02 * 20 = .40 per new share that you purchased.

this deal was good. only sucked for people who did not fully subscribe. However if there are any who did not fully subscribe i recommend doing what many that miss out are doing now.

AVERAGE down now while you can still get shares for between .50 and .70. It's not much higher than the warrant price and still will bring your cost average way down. This i believe is the reason stock is still moving higher and naked shorting is doing nothing to kill price.

I have 2 friends using this strategy right now who miss the boat on the rights offering.

hope this helps. - con