I have read many posts on the Pros and Cons of a reverse split, and the consensus appears to be 50/50.

There are valid arguments for both sides, but the more I read, the more confused and uncertain I am on which way I should vote. I don’t like the idea of a 1 for 10 split and a 1 for 2, I don’t think is even on the table.

I expected that with the release of the 43-101, that our SP would go up to .20-.25 range, and a 1 for 5 split may have been practical. But we can all see what happened there, we are down .025/.03, so that kills that. Are we being held down, or is it just the markets reflecting the world economic situation? Why did it take an extra day after the 43-101 was released, for the news release to reach all of the newswires?

If NN is concerned about a hostile takeover, is it going to mater what the number of outstanding shares are, or rather, the total amount that the takeover party is willing to pay, you can divide that takeover amount by any figure you want.

I am also (legitimately, I think) concerned that if the RS go through, the SH will only start a decline back toward where we are now, making it much easier for someone to come in with a real low ball takeover bid, and then what are we going to do about it?

Where are we going here? Some say a buyout before too long, at .25-.30, and others say, expect a rough ride backwards, we are going back down before an offer of any type will be made.

Our time is closing in to where we have to make some kind of a decision, because I am sure that if we give the BOD the power to do a RS, they will do it tomorrow, and whose interests are being best served here?

Do we have any more good arguments out there, for or against?

kn