Analyst, Journalist and Publisher ... Henry McCusker at Scimitar Equity views the reverse split as so...
The Bottom Line: As a result of the reverse stock split, the exercise of each outstanding warrant and option would entitle the holder to 1/10 of a post reverse split share. The number of outstanding common shares will be reduced to approximately 19,664,790 from 196,643,748.
The number of outstanding options and warrants will be adjusted accordingly, with outstanding options being reduced from 26,366,633 to approximately 2.6 M and outstanding warrants being reduced from 54,297,826 to approximately 5.4 M … "killing" most of all … the overhangs!
NBS has been on a volume roll for these past four (4) days jumping from $0.56 to $0.58 to $0.61 finally settling at $0.58 on Thursday on strong volumes . It also - "seems" - that a 200 K block was bought which settled the $0.58 - short on the stock!
NBS should open UP on Friday, 6/12/13. NBS has a pipeline of news to validate this event … to the future validating the reverse move!
This common practice reverse will elevate the share pricing but also actualize the peer and comparable models to reflect the PCT business opportunity, the advancing AMR-001 trial and positioning of NBS as a sector leader.
This "event" … also validates Dr. Robin Smith's … leadership of NBS and its role in fermenting the interests of hope in the sector and elevates NBS ability to attract greater institutional investment by adjusting the out-standing share count, over-hangs of options and warrants … which had been limited by the past pricing.
The reverse should also provide eligibility for NBS to be included in the various indexes used as an unbiased barometer for the small-cap value segment delivering representation institutional investors' need for asset allocation decisions.