RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just sharingWe shall see if the market agrees if we start to slide down toward and below .05 into 23. Yeah the PP was important and the warrants are probably an issue, though it may trade up somehow to make it attractive.
WRT to the PP, I am totally ^*&^* by the dilution given the amount raised was not maximized because this was a measure to keep the doors open for a substantial contract should it come in time
I think your comment "when the PPproceeds run out" are likely accurate because further financing is going to be expensive equity and even more expensive convertible debt.
Damn1212 wrote: @Barstoole
My intent ? Well im pretty Much Scxxwed as you know on this " investment " , I have no clear plan on what im going to do other than the capital gains loss I will get if I sell at a loss.
Im already surprised NXO has lasted this long without Revenue to be Honest.
Im even more surprised they were able to raise the 2.2 M in the PP a few weeks back given the history of the company and their lack of respect for shareholders.
In my opinion the fact they announced 3.2 M and closed 2.2M shows they had issues raising the $.
As much as Im discouraged by the situation for NXO Id love nothing more than a miracle revenue announcement.
But ...
I think the company's has demonstrated they are more interested with paying themselves than giving results to shareholders.
How long before they close ? My best Guess would be when the PP $ runs out.
What do you think ?