Id like to remind everyoneThat the last 2.2 M raise was supposed to be the last dilution .
It was the last cash injection needed before commercialization and revenue. .
If you read the NR it even says that they were going to use the money to pay cloud suppliers and that they were going to announce their choice shortly thereafter ( after the PP raise )
Well here we are 2 years later ...
No suppliers announced
Money is gone
No revenue
And the sing team on this BB is saying they dont mind 1 last PP if it gets NXO to finish line and they dont mind share rollback and dillution.
Of course nobody asks the logical question ...
Umm paul ? Wasnt the last 2.2 M raise supposed to get us to commercialization and used to pay suppliers to then get revenue ?
Nope ...nobody asks that question except me ..
So yea ...
Some may wonder why I lost trust in nxo .... this is why.
They never deliver on what they say they will do.
We get it ... bumps in the road happen. But when you can never get anything right its time to ask the hard questions.
Paul ..you said the 2.2 M would be used to secure suppliers but looks like the money went to salaries and to pay the money you advanced to NXO as per financials and the NR.
Umm what gives .
How many Last PP will be needed ?