New topic? It's a faint hint of optimism so watch for the FUD gang to attack !
Yes, nxo needs capital to continue, and probably will do a massive rollup. Someone asked for examples of companies that did this and went in to success ..... greatness ! Or even just survival. Okay, most companies forced to raise capital and do a rollup that hands ownership to the new shareholders do NOT succeed. By far most fail. And nxo may be one of those. But there have been a few VERY high profile successes. A couple I've owned myself. Look them up. Citigroup was teetering on the brink. As was insurance giant AIG. The biggest success I remember was booking.com and Priceline. The rollup was also done at the brink. The stock is now $3900 per share from $20. Oh Yeah! Booking.Yeah! A much more widely held name which I still own, that I bought when they did their rollup is a little company called GE. Not only has the < $5 stock gone to $175, they spun out a couple subsidiaries which I cashed in for more than I paid for my GE stock. So it's now FREE ! So go ahead and attack, but I'm just sayin, like Jim Carey said in his movie, "so your saying there's a chance".