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Bullboard - Stock Discussion Forum Nexoptic Technology Corp V.NXO

Alternate Symbol(s):  NXOPF

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its... see more

TSXV:NXO - Post Discussion

Nexoptic Technology Corp > It occurs to me that the DBros new venture into AI is
View:
Post by AUborealis on Jun 08, 2021 6:21pm

It occurs to me that the DBros new venture into AI is

burning cash at a phenomenal rate and that RG and the Board are more than happy to see them distribute their NXO shares to 'the market' at these levels.

I don't think they will exit completely but they are now 'in the zone' of dropping below reporting requirements as an Insider. (less than 10%)

From SEDAR

As at June 2
Following the Transaction, as of June 2, 2021, 3DB owns and controls 22,674,153 Shares and 1,269,176 Warrants, representing approximately 16.12% of the issued and outstanding Shares on a diluted basis calculated in accordance with the provisions of NI 62-103.

And this is the kicker...

From SEDAR:
'The Company has entered into a custodial and rights agreement (“Rights Agreement”) with Computershare Trust Company of Canada (“Computershare”), as custodial agent whereby 3DB has deposited 8,000,000 shares of the Company held by Computershare and has agreed that the Company may issue “incentive rights” (the “Rights”) to acquire such shares to such persons as the Company designates at an exercise price equal to the greater of $0.25 per share or average closing price of the Company’s shares for the five days preceding the issuance of the incentive right.'
Comment by Henryford on Jun 08, 2021 7:02pm
And the buyer is??
Comment by rebel20 on Jun 08, 2021 7:28pm
The bet is scattered to the Street. 
Comment by Lesalpes29 on Jun 09, 2021 7:05am
Henry if You want I have a theory about D bros shares sold and carried privatly. PM me if You want To know it. Have a good day
Comment by rebel20 on Jun 08, 2021 7:27pm
Just compiled  a bunch of notes amongst half a dozen of us.  https://ceo.ca/api/sedi?insider&symbol=NXO&date&transaction&amount&undefined[company_symbol]=NXO&fbclid=IwAR0LDl1wJzmucn8rljPAnIxqdlsmbVr7xCC45RY5wV8nBPc48KYY4QUpbsA SEDI today says 3DB Corp's  ownership is at  22,605,178 which when the 1,000,000 shs Fidelity crossed/sold today is ...more  
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