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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Q. who wrote (2089)	2/11/1999 3:11:00 PM
From: Rajiv	Read Replies (1) of 2506

The promissory notes with a principal amount of 2.85 million is a liability... Shouldn't this be deducted to get the NTA ? Where did you get 0.1 million ? The net proceeds from this private placement was 2.43 million Looks to me as if they can do a reverse split and stay listed a while. In fact, I don't see why they have to do the reverse split, since the stock is around 2 and the continued listing requirement is only 1. I suppose the management is confident that the bid will drop below $1 Regards. Rajiv

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