RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NEWSI'm sure the company would've loved to do that 5rockies. The problem is, the dd's used NXO shareholder money to buy the technology, and more shareholder money to try(and fail) to commercialize it. He had no obligation to buy the tech back(why would he? It's currently worthless). John D was ceo and coowner(with brother) of spectrum(blade optics tech), his brother was an advisor to both companies. They convinced Paul(ceo of NXO of the time) as well as other board members and shareholders that he had something revolutionary and industry changing. So when He combined the companies, took the roll of Ceo and ended up with 36% ownership of NXO. You have to remeber that while they developed the blade optics tech, NXO(sharholders) bought it, paid to keep the failed experiment going for a few years, and ultimately had to right it off. Any personal cost the D's may have incurred in inittially developing blade optics was more than covered with their exorbitant wages(again shareholder dollars). There arrogant refusal to admitt defeat cost shareholders every dollar they ever put up for the company, leaving it essentially broke when the D's were finally strong-armed out. That leaves the entire total of shares they aquired (and currently selling off) as completely undeserved. So anyone questioning the hate out there for the 3db douche crew hopefully has a clearer understanding. I agree the share price should be sitting much higher given the companies current position and news developments over the last year. I can't guess what the street would value it without the flood of 'insider' selling, but only an ignorant fool would suggest that it hasn't been the most significant factor in the downward price spiral. The good news? This makes the share price well below true value and a fantastic place to buy, especilaly given the near revenue stage of developement.
Signed, Scarle... er I mean Thx4allthefish