RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nexoptic the light of the worldThe weakness in your argument is that NXO is NOT an established company that can reliably issue guidance because of their situation. Any guidance is based on a hoped for future and has no past to base anything on.. Oh they can report on their activities and agreements etc...but the only measure of success is how often the cash register rings.
Look up the definition of "sucker stock" and you find NXO... It is not "for suckers"...it is just that a company like this cannot be evelauated on any kind of normal parameters. You are buying highly speculative stocks ....in these cases plans do not always work out.
And be careful here because you cannot throw lies up to support your position.
Was it you who said NXO has no cash????...while a simple visit to SEDAR shows 2.3 million in the bank at December 30 2020. And you cannot simply accuse management of lying to shareholders.in a public forum. My advice is to always predicate such an accusation with "in my opinion"
Damn1212 wrote: Shyguy
Your comment is very odd .
The whole stock market and investment market is constantly looking for guidance from companies on thier own futures. From Billion dollar corps to startups, the Board of directors gives guidance on their activities and future sales and this is in turn used to price out the value of a company . Since the market is always forward looking this is the way its done.
Its how the system works my friend. The commpany presents shareholders with their guidance and shareholders decide based on that and other factors what the company is worth. In fact, Companies and analysts are soo good at providing guidance that they can predict their forward earnings within a few % most of the time.
As per my Previous comment, The board of NXO made many many promises ( which I wont repeat as there are simply too many) but have delivered on none of them. 0 .... Not a single promise / Goal came to be executed by the NXO board / Company.
With the above being said, in your expect opinion, What are we as investors supposed to use in evaluation of a company and its possible value if we can't use company guidance ?