RE:RE:RE:RE:RE:RE:RE:shortsI for one like the fact that there are a block of shares on Offer every day from 3dB.
It's easier for me to load the truck when I don't have to reach too high up the shelves.
A situation that I think is going to end very, very, soon.
In the meantime I hope the fire season in CA isn't distracting the Qualcomm and Nvidia developers from plugging ALIIS tech into a bunch of gadgets.
Be safe everyone.
stockmonster6 wrote: undertheknife - at heart, the Daugelas are inventors. Without now running the company and pulling (what were very large salaries), they would likely sell off 25K shares per trading day to live off of and to fund their other research projects. Just because they are done working for NXO, and no longer have links to that company wouldn't mean they will not continue creating new things - all of which take money to fund.
I believe a future arrangement can be made with the BoD of NXO to dispose of more shares at once or to make deals. The protection of the 25K and the restriction to vote along side the BoD as a major share holder is to ensure the company keeps going forward. Even if they expect the company to do well, as it was stated, it will take a very long time to dispose of these shares. I'd do exactly what they are doing.
But also, by them selling the shares on the common market it reduces the amount that NXO needs to pay out to them in the settlement (something like that) and puts more of their shares into our hands. Someone can clarify the words of the agreement, but NXO benefits from them selling their shares.
The Daugelas are not bad, evil people. They weren't able to run the company to its fullest capacity and perhaps believed too much in their ideas/ technology which weren't viable for a consumer market. Doesn't mean they didn't work or that the theories were not sound. I am glad they have stepped aside, because others can steer this company better and get the products to market. As we know with all inventions, R&D takes time to refine, and takes many adjustments.