RE:RE:RE:RE:RE:RE:RE:RE:Wonder what the Special Meeting in about Papa
You serious ?
i dont wish to mean this question harshly ... But What age are you ? How long have you been investing ?
The company has 0$ in sales or revenue ... So whos money are they using to pay for all their expenses ?
Your money and my money ... Shareholder money.
They issue Shares ... and dillute the float ... thats how they burn our money. The more shares they issue the less our shares are worth ...
Example you have 100 shares @ 1$ each - Market value of NXO is 100$
They issue 100 more shares for a 1$ each
Now the company has 200 shares but the value of each is only 50 cents to equal the same 100$ market value of the company.
Everytime the Do a Private Placement raise they are diluting the float and burning shareholder money.
Let me know if you dont understand.
Seriously if you dont understand how NXO is burning shareholder money you probably shouldnt be investing my friend.