DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDE | NOVC Message Board Posts

Novation Companies, Inc.

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Msg  148141 of 148559  at  6/19/2019 10:36:11 AM  by

bankbuyer


 In response to msg 148140 by  poolblue3
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Re: DYNEX (DX) ANNOUNCES 1-FOR-3 REVERSE SPLIT, WILL GO ON NYSE JUNE 21 (REMEMBER THE COMMON SHAREHOLDERS W/NOVC)

  " both won black tie awards for restoring NOVC to sound financial footing"
 
Seems you didnt read the last 10Q.
 
"As a result of the foregoing, the Company's cash position is not forecasted to be sufficient to cover current and on-going obligations within one year from May 13, 2019 , which gives rise to substantial doubt regarding the Company's ability to continue as a going concern"


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