RE:3DB Needs Cash FlowResearcher203 wrote: 5rockies wrote:
Still don't get why the brothers will be selling shares in a profitable company? Rich and Paul are in no position to twist their hands and force them to as some suggested it. If I were them I will not sell a share, not to mention 24-25 cents a share price.
The answer is Novel AI Systems, Darcy Daugela's new start up company. Start ups take an enormous amount of cash and as a private company it appears that he is self financing it. Old habits die hard, a review of the Daugela's management during his time at NXO shows that he has no issues burning through cash to pursue his business development/goals.
It's about time someone realized that the bros are selling approx every 1-2 weeks for $250-$300k to obviously cover for their own company development and salaries. I was waiting to see if anyone could actually piece the two together or just continue to share and post about them wanting to destroy share price with no reason for it.