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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (28123)	9/18/2007 8:55:48 AM
From: pcyhuang	Read Replies (2) \| Respond to of 78740

>the auditor has issued a "going concern" opinion. Wallace: Please refer, Message 23889457. The auditor has not accutually issued the "going concern" qualification. It only said that if you do such and such, then we might have to do this. Then the issue was resolved by Wachovia Bank's action. pcyhuang

To: Wallace Rivers who wrote (28123)	9/18/2007 10:06:38 AM
From: pcyhuang	Respond to of 78740

>I've never interpreted a reverse split, one of NFI's "unique qualities", as a positive omen Wallace: The significance of a reverse split is that it increases the beta value of a stock. In the case of NFI, instead of the pre-split 38 million shares outstanding, it now has only 9.5 million shares. This fewer number of shares outstanding puts the pressure on the short sellers, and it increases the potential upside volatility of the stock. In my earlier postings, Message 23823201 Message 23826514 I had estimated the NFI would have the potential of reaching at least $30 - $50 per share. pcyhuang