RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Damn1212 posted on ceo that nxo will be closing their doors So if it's okay to disagree, let's discuss the why questions. None of your posts are about anything new at nxo.There must have been more reason than just "averaging down". For your review, The purchase was in 2017. With shares, not cash. The balance sheet showed a huge "paper" increase in equity because of the implied accounting purposes only goodwill from this purchase. There was never any "hard" asset. So nxo never had one dime of cash to "burn". The writeoff was in 2019. More than 2 years later. Not "a few weeks later". The write off was a reversal of the same write up that happened in 2017. There was no write off of any hard asset. You purchased millions in 2022. Many years after the write off. Many years of negative posts had flowed under the nxo bridge and far out to sea. So please share why you became the single largest shareholder of nxo at that time. It may reassure everyone else to hear what the largest shareholder was expecting in September 2022, and what changed since. Key word changed.
I'll go first.
Nxo is the greatest company in the world. ... I don't believe anybody has ever said this other than you falsely accusing every positive poster of doing this. You've been saying this long,long before that share purchase. Verdict. No Change.
Nxo has done nothing wrong See above. Nobody said this. Ever. Verdict. No Change
Nxo has 0 sales but that is normal even after 10 years . Yawn. It has been pointed out many,many times that many,many new companies experience very long periods of no sales while in research or exploration stages. It's been less than 2 years since you purchased millions in September 2022 but 5+ years before your big purchase. So ....Verdict : No Change
Nxo has no money in the bank to fund operations but thats ok . True! Since the last PP done in November of 2022, for $2.2 million there have been no more financings. So actually, the liquidity improved immediately after your last big share purchase, that I know of. You did point out, prior to the financing, they must do a financing or go broke. So... Verdict : Improved
Nxo has no sales but thats ok ...... Back to same old story. Nothing new. True, but nobody said "that's ok" except your accusations. It's not unusual, or a surprise, certainly not to you before and after your huge share purchase. Verdict : No Change
Nxo is halted into 3 months now but thats ok ....Yeah Sure. And into the first year, first decade, first century and OMG into first millennium now ! Total alarmist FUD. The halt HAS been in effect for 2 months. Which is concerning to us all. But. Verdict: No Change from the 100 prior posts you've made. Finally though, your "I can't sell" complaint is true.
Nxo doesnt communicate with shareholders but thats ok .... Totally okay they don't respond to you. Understandable if there is nothing to say, they say nothing. Verdict: No Change
All NXO has ever done is burn investor money and create more and more losses. Rather harsh description but true of all start ups. And most of them fail. This has been true for more than 100 years. So once again. Verdict : No Change
Okay, that's my assessment, let's continue the discussion. Is there anything NEW we can discuss? Papa shared a few hints of hope. Anyone else ? Bueller?
none of the above is relevant to the burning question ....why anyone would buy millions of shares 2 years ago. After the 1000s of posts similar to all of the above and more. Inquiring minds want to know!