National Grid ADR repsg 5 Ord Shs V.NGG

Primary Symbol: NGG Alternate Symbol(s): NGGTF

Utilities Utilities - Diversified

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.

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National Grid ADR repsg 5 Ord Shs

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Comment by grumpymonkey007on Apr 06, 2009 12:33pm

403 Views

Post# 15899647

RE: RE: RE: RE: RE: Per latest release, Weiko + Im

I think what Art is facetiously trying to imply, that in his opinion, the only way NGG will ever have the 50MM capital required to develop Imwauna, Weioko and the lense under Sinivit is if they perform a massive equity raise that results in over 500M fully diluted shares or more. The only way the market will swallow that is through a reverse split.

Actually, to tell the truth, I think he's just calling the stock a POS and McNeil incompetent. Nevertheless - that's me spinning his throwaway line.

By the way, any one notice that fundamental research only used 156M shares to value NGG rather than using the fully diluted number?

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