Nexoptic Technology Corp V.NXO

This time it’s different…I hope.

[Truhlik]

We are now in the slow painful waiting period.  Will NXO get some sort of revenue deal, or will ALIIS fizzle out just like the previous attempts?  I am pumped about the technology and Rich Geruson, but can’t forget about NXO’s past, and neither should investors thinking of “mortgaging the house” to buy more.  

 

At a risk of being dubbed a basher, here is a quick summary of NXO’s past deals that never came.  

1) Telescope

First, NXO spent lots of money and time developing a telescope that never went anywhere.  Right after finishing building and pumping this proof of concept, they switched to mobile lens development.  Fair enough: I agreed with that logic since market for telescopes is small, and the telescope was meant to be a demo piece.  

2) Mobile Lens

Again, after lots of money and time spent, NXO came up with a mobile lens prototype, and independent testing showed great performance.  Lots of hyped investors with high expectations were making projections of how much money the company will make on licensing deals and how high the stock is going ($5/share, $10, $50, no limit).  Time passed without any deals.  Loyal investors were making excuses why no news about a deal: Management is busy "lining up all the ducks in a row", "they are positioning their chess pieces", "they’re playing their cards close to the vest", and other analogies.   In the end, no deal ever materialized, and eventually the technology was written off for a massive loss.

3) Double Take

Next came DoubleTake. More money and time poured into research & development produced an impressive looking prototype.  Again, lots of hype, various awards (including Edison awards), great reviews and promising plans for the future.  In late 2018 NXO even had professional looking commercials created for the product.  Again, investors were excited, waiting for manufacturing to take place and see the product on the shelves.  Manufacturing date kept getting extended and extended and extended until NXO switched focus to AI software due to coronavirus.  In the end, no units were ever manufactured, and the prototype sits in a closet without a penny of revenue earned.

4) ALIIS?

Now we come to the present: ALIIS.  Impressive AI software for sure, and I can’t help being excited by the prospects.  Development is finished, but no deal announced.  NXO has a development partnership with two great companies, but no financial commitment from either as of yet.   The waiting begins: Will this time be different? 


In these situations it’s best to hunker down and wait patiently. Sometimes nothing is the best thing to do. Personally, I am optimistic and believe a deal will come (as I wrote in my prior posts); however, I am not buying any more shares until something definite with dollar signs comes out in a news release.  More technical advancements, paid promotions, fireside chats, oversees office openings, or anything other than a revenue-generating deal will do it for me.  

 

I don’t mean to be a downer, but I get concerned when I read about people overextending themselves on a pre-revenue high-tech startup stock.  Remember, only 1% of startups become unicorns.   I think NXO has a good chance, but there is a very real chance it may go to 0 as well.  Just consider the risk and consequences of loss as well as the potential reward...that's all I'm trying to say.

 

Good luck to all.

 

[Henryford]

The latest step, by announcing the opening of a overseas office and appointing a ceo of that office,is another very positive step in the right direction. But yes i totally agree. I have cash available to buy more stock ,but until an income generating contract is announced,the cash will remain under my matress.

[CommonSenseCA]

Excellent post. Most people on here will know that you are correct, but excuses are easier than actual results.  I am almost positive that if there is no revenue deal by December, they will magically "shift" into yet another "revolutionary, game changing" idea. 

[Henryford]

Pretty sure Rich wouldnt appoint someone as good as they have to set up and run Sth Korea if they didnt have a product to sell. These are all stepping stones for the roll out. Just look at the quality of personal that are coming onboard. Certainly excites the heck out of me.

[Truhlik]

Yes, they are taking positive steps and getting good people involved, but they've done all that before.  Remember all the positive steps during the mobile lens period, and even having Bobby Braun join the company?  I was excited to have the former Chief Technologist of NASA on board. Someone of his caliber joining a startup like NXO seemed like validation of the company's

[Henryford]

Truhlik...being all in. I have been adding for 4 years...mainly over the last 2 and am pretty well topped up to my eyeballs ...but certainly in the green....(at present)... I certainly expect income generating contracts before the end of Nov (if not before)with new contracts then rolling out at a steady pace. AI was the right avenue for NXO to head. Low cost ,no production,untapped markets and

[Truhlik]

Thanks, and yes, I completely agree:  With ALIIS finished and optimized, if we don't have any revenue-generating deal by December than IMO we have another fail...no excuses, positive steps, or "shifts" will convince me otherwise.  Let's see how it plays out...fingers crossed.   

[GreenGecko]

An interesting trading strategy.  It is always smart to have an exit strategy. But why December?  What is that based upon?  Do you have industry knowledge, inside information, or anything else that gives you reason to set this timeline?  Just curious.   I had said previously that if positive news was not posted by end of October, then I would be planning an exit. As

[Suntrader]

Gonna miss you Gecko, keep well and keep your head up brighter times are coming all around !

[Truhlik]

GreenGecko, your insights and investment experience will be missed.  Good luck in your future. For me, there isn't a discrete deadline for a NXO revenue deal.  Actually, with ALIIS all done and optimized, I was hoping for a deal announcement by now.  I know sometimes lawyers can nitpick and be slow, so I don't want to overreact,  but as time goes on and on without

[ratsnake220]

We wish Green Gecko well.....we really never learned much from his profile about any sort of diversifcation strategy.....though i doubt as shrewd as he is he is not doing a immediate about face and going to 100% cash....But....i do agree defense now is okay and i view Nxo defensive to this point....at a 3 to10% position in a portfolio it is in trading range and only a few well written though

[ratsnake220]

Gecko on Sept 23 you wrote....you were in process of liquidating much of your portfolio not because you were negative on Nexo but you were negative on broader markets and geo political situation.....I agreed with you....I sold much of my postion on Nexo because the trading range was violated when stock closed below .85 which was support going back to June 7 th....i did so because of daily selling

[Lesalpes29]

Green Gecko alias two sides of the mouth! Somebody here still believe this clown?

[stockmonster6]

Green Gecko is on my IGGY and the board looks much nicer. Anyone who is such a supporter of Trump is a true nut.job. BTW my 80K shares avail at 70 cents! If we don't get there that's fine, I'm good either way. If my stop loss is triggered then I would love to see 30 cents again. If not, I'd like to see above the year high. Happy either way!