RE:RE:RE:RE:24 cents ... Damn1212?Not true, really. All I said is that the market price was moving sideways.
Near the bottom of it's 52 week range, sure, but TO ME, given what was announced last May 25, not entirely unexpected.
And yes they are a bit cheaper than they were over the past couple months.
(and yes, well off the spike highs of the Vancouver Planetarium hypefest, and the Rich TV 'market discovery' on his promo vid 'investment channel', following the deals with NVIDIA, Qualcomm and ARM).
And you can can all the hyperbole of percentages, up or down, at these price levels.
It matters not to investors that are in here for the 1000-1500% gains possible whether or not a 'jiggle' of 10-30-50% is seen over the course of a month or two.
But anyone with a brain and some DD would have known and seen that the combination of daily liquidation of 3Db's holdings and the 'seasonal doldrums' of the dog days of summer might see some 'cheaper' entry points for ownership of this enterprise.
It required patience, and the possibility of 'missing out' on the burst upwards on volume that would be the signal for the longer term appreciation of the enterprise, as it's technology begins widespread adoption.
You are guilty of premature grabulation of shares, or FOMO.
Definitely not a problem that can be attributed to NXO management.
That's on you.
And if management isn't loading up on the open market, why would you?
Surely their doing so would be an encouraging sign.
Does that not figure into your DD on when to step up?
So why didn't/don't you wait for it?
Again, premature grabulation...trying to 'guess' or 'dart throw' the next turn upwards.
Patience, patience, patience.
One thing positive that I can say about the current price level is that one can enter a position at a 33% discount to managements option exercise price (as per SEDAR)...knowing full well that they can 'reprice' those options lower as per TSX rules.
Which, if they do, may be another sign of the 'bottom' you are so eagerly trying to pick.
You must know that the broader investing public sees 'insider' sales as a bad thing
So when they look at what has been transpiring here for 14 months they obviously take a pass.
Why haven't you followed their lead?
What the rest of us 'regulars' that are in this 'play' know is that the 'insider' sales here are a 'special situation' that is part of an overall corporate strategy that RG devised to ultimately 'save' this company.
And remove a potential 'blocking share position' to any possible merger or acquisition by another company.
30% or more is deemed to be a 'Control Position'.
Most major transactions require a 2/3rds favorable vote by the shareholders.
It's not out of the realm of possibilty that the Daugelas 'extended family and acquaintances' may have an additional sum of shares that would have easily prevented the possibility of a 'significant' corporate shift via a 'special vote' if called, if they chose to take guidance on how to vote from the brothers.
I have to think that RG was able to have them 'see the light'...because
they agreed to the 'Special Shareholder Agreement' in May of last year.
That 'light' was most likely having them agree that the percentage of shares issued by NXO to acquire the complete folio of Spectrum, in the context of the market exuberance around their invention (and, at the time, the clammering by investors to the Board to complete the trannsaction as originally written...without any 'commercialization milestones' as to the viability of said invention), was not in their own best interests or the best interests of the other shareholders longer term.
And so we know what we know 'from the outside'.
But taking cues from the publicly disclosed information, and throw in the additional market dynamics/seasonals commonly experienced by publicly traded tech start-ups, there doesn't seem to be anything funadmentally amiss from the company's internal path of progress.
Fact
- Adding Patents
Fact
- Adding People
FACT
- Finding a home for the 3Db 'agreement' shares.
....The daily '10% of previous day's volume...not to exceed 25,000 shares' have been finding a home.
...The 'arranged' 1,000,000 share blocks may be just moving to a Market Maker who is using them to cover their additional shorting beyond the daily 'limit' per the agreement.
But their finding a new home.
Or those 'blocks' may be moving to willing new shareholders who have more time and money and experience in these matters than the average retail investor.
How much longer?
How much lower?
No telling at this time.
And here's another item you may want to ponder and enter into your investment thesis and strategy regarding NXO.
Are you prepared for a $10,000,000 raise @ $0.20 and the issuance of an additional 50 million shares and Attached Warrants///either Full or 1/2 Warrants?
The float would jump to 200 million shares, with possibly 225- 250 million Fully Diluted.
What then would be your take then on such an event?
One benefit would be that 3Db would suddenly drop below 10% and disappear from the daily SEDI reporting.
An additional benefit would be the $10 million in the till...and a possible re-start of the development of DT V2.0.
And maybe followed by a 1 New for 5 Old consolidation and a straight jump tp NASDAQ
Thoughts?
And don't forget:
FACT
- RG, and AM and SP have their names and thus their reputations on the NXO masthead,
and
FACT
- NXO has QUALCOMM, NVIDIA, ARM on it's masthead
and
FACT
- those companies also publicly disclose their 'partnership' with NXO.
Cue musical interlude:
https://youtu.be/HOy-Y5aw9n4
Damn1212 wrote: @ Boralis
I was listening to you ,cashy and others who kept saying it was cheap cheap shares once in a lifetime chance to own NXO ...
Guess you were wrong ... LOL