I hate to be the bearer of bad tidings, but here are the facts....

I hate to be the bearer of bad tidings, but here are the facts. 5-day VWAP of 12.0 cents.

Courtesy of Drawbridge



From my calculations, if expenditure for the last quarter was greater than $7.5 million, it would not pass the 8.7 Rule. Therefore, they would have to have stitched up some form on additional funding. We will soon know.

Possible share price? Well, take your pick.

12.0 cebts less 10% equals 10.8 cents
12.0 cebts less 15% equals 10.2 cents
12.0 cebts less 20% equals 9.6 cents

If they stitched up a commitment about a month ago things might be a little better.

Not a pretty picture, Legman. I think NRZ share price might be moving into a critical zone.

With good luck, NRZ might be a "good buy."
With bad luck, NRZ might be a "goodbye."

J L.