RE:back to the magical 36 eh?stockmonster6,
It appears that the 36 is more like the centre-point of the teeter-totter. But it is a number that I've seen companies maintain. Around about 2004, when I worked in Vancouver and spent a lot of time meeting companies and conducting DD/technical analysis....the number 36 (cents, not dollars) came up frequently on the Venture (should be called Vulture) Exchange.
Just a simple observation.
I'm holding more shares in NXO than any other holding, with an average of 88 cents. My investor mettle is being tested - perhaps my constitution has been reinforced through staggering losses and lack of discipline, as well as some outstanding wins. So I've been in the red before (more often than I care to imagine) -- but for many reasons stated on this board, on the FB page and in conversing with company IR -- I believe NXO is going to surprise us to the upside.
However. I'm annoyed at the lack of information. Sure, a news release may not be necessary unless info need be communicated. But, as you've pointed on before, the website can be routinely updated at virtually no cost to the company. If only just to say "we're open, we're working hard, we're confident, and the future seems so bright that we're wearing welding helmets".
That simple effort would alleviate investor concerns.
The lack of info imparted by the company is unlike anything that I've ever seen before, with the exception being when a company is going down the tubes. Thusly, my guard is up.
But the stock action is anything but representative of a failing company.
We have heavy volume days scattered throughout, with the same houses swapping shares, apparently, in odd lots. This can be seen at stockwatch.com.
And they DID get a financing done, albeit at a lower price than any of us wanted (with the exception of the partakers).
Insiders continue to hold shares, while short positions are extremely low.
Not much else to say. Hoping that all is coming together for the company....which is what IR will tell anyone if they take time to contact them.
It is now Richard Geruson's company. And like a new boss, things change. In this case, I hope it is for the better. The board, given the market cap, is absolutely stellar and comprised of visionaries like Meredith and Petranak (sp?), optic pros and patent specialists. Opening a new ALLIS division with a focus on low light optics speaks to another groundbreaking development.
In all, the potentialities outweigh the idiosyncracies of how this one trades and operates.
I continue to hold. Not buying, not selling. We shall see what happens.
Semper Paratus.