July 17, 2007 (LPAC)--A $150 million deal to "rescue" leading former sub-prime lender NovaStar will leave the shareholders at the bottom of the list for reimbursement. According to Hank Greenberg's column on MarketWatch, MassMutual is coming to the aid of the nearly bankrupt company, sinking $150 million. That the company will not be filing for bankruptcy is, however, about the only good news for shareholders. NovaStar will officially issue additional new shares of the company, and simultaneously execute a "reverse split" of its stock, at the rate of 4 for 1. That way, not only will shareholders stake be worth 25% of its original value, just for starters, but will be further diluted by the issuance of new shares to MassMutual. No matter what happens," says Greenberg, "it appears the common shareholders--those lured to NovaStar in hopes of big dividends--are the big losers." About the only thing left for the public, is to hope that the once "super" Nova will regain some of its former brilliance, the chances of which, are less than zero.