Today's call with IRI had a good chat with Bill, the gentleman who has taken over IR duties at Nexoptic. He has been understandably swamped with calls and emails since taking over from Rhys, and is still playing catch up. Rest assured, he will get back to you if you contact him. Bill is also a shareholder, who personally has a whole lot of skin in the game. He also realizes just how important communications are with shareholders, and is pressuring management and the board to take the time from their busy schedules and meetings to engage in more of a partnership relationship with all of us.
An item that really hit home to me is, why would a professional like Rich Geruson get involved with a company going into the toilet, if he didn't believe that he could be instrumental in turning around the direction of the company and helping to turn this from an R & D outfit to a viable business? I do think that John Daugela is better suited to engineering than to being a CEO, so having a professional with Mr. Geruson's experience and knowledge is vital to the commercial success of Nexoptic.
It seems that with the recent lack of news, NXO has been a shorter's paradise. With Geruson coming on board, it would seem that they have been making one last short attack to squeeze out weak hands, as well as those long term bagholders who are understandably frustrated. It is my belief that things will be changing in the near term, and to all of our benefit. Today was a green day, and had everything to do with the news release that was put out thanks to the pressure from shareholders and Bill at IR. Here's hoping that things continue to improve from here!
By the way, if you are a shareholder and haven't already done so, the Nexoptic Investors Group on facebook is where you should be. Lots of good info, and also a support group if you need it! :)