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Re: am wondering     21-Nov-09 06:28 pm    
The company has said that they want to sell off part of their business and stick with their ingredients business..They have been working diligently to obtain:
1. A new lender
2. Re-finance with Gerber
3. A settlement with Stenberg/Blair
4. A buyer for their retail and branded sale business..
Either a new Lender or the sale of the retail portion could possibly solve their problems but I doubt that Gerber, the IH boys or the SeriesJ Preferred shareholdrs would allow them to sell off any portion of their business without being paid in full..So, they must get enough money from the sale of the branded sale and retail portions of their business to do this or find a Lender to pick up any remaining balance..No news is good news because it means the negotations are still going on..
If they can accomplish this the company will become much smaller in sales for now but will become profitable!!Then, as they grow their ingredients business the share price will rise accordingly..


Sentiment : Strong Buy
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fiacracker

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... nothing heard from the company. So the credit fr...
butzerle99 (1 Rating) 21-Nov-09 11:36 am  
 
Re: am wondering
fiacracker (1 Rating) 21-Nov-09 06:28 pm  
 
okay Robert, are your pumps mainly going to b...
series_j_ma... 23-Nov-09 08:55 am  
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Nutrition 21 Inc. (NXXI.PK)

Chart for Nutrition 21 Inc. (NXXI.PK)
On Feb 9: 0.025 0.00 (0.00%)
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