Nexoptic Technology Corp V.NXO

Big Bad 3DB

[Truhlik]

People blame the Daugela brothers for taking over 40 million NXO share for useless technology.  It’s true, their technology never sold and ended up written off, but can we really blame them for taking 40 million free shares?  Really, who would say no to such a deal?  But how about blaming the fool who gave it to them?  For that you can thank the current head of Nexoptic, Paul Mckenzie: He was the CEO then and he is the CEO now.  

 

Was Paul fooled just like us investors?  Maybe, but he should have known better.  The CEO of Nexoptic, being the company buying Spectrum and its lens technology, would have access to all the technical details, the test data, and would have the right to get expert opinions on the viability of this technology.  They would have the right to all the information for careful due diligence, so they should have known what they were buying.  Retail investors on the other hand only had a single picture of the moon and management’s assessment that this is the greatest advancement in optics since Galileo.  Remember Paul Mckenzie and Stephen Petranek going on television, promoting their revolutionary lens technology that was going to disrupt the optics industry?  Did they do their due diligence or did they not care because the story was so great?  The fact that neither of the “inventors” had any education or prior experience related to optics should have been a red flag to carefully look at what is being sold.  Did they really do proper evaluation of the technology before handing over 40 million shares?  

 

So, as we watch 3DB dump millions of shares and NXO stock price hitting 52 week lows, be sure to remember who willingly gave them these shares.  

 

 

[cashy]

It is what it is. R Geruson came aboard and accomplshed lots. Do you really think the price will go lower? Is this a good buy? I say yes! Why? Well??? The TEAM  BEHIND R.G.     .................. ALIIS   

[Truhlik]

BTW, ALIIS is another 3DB invention.   RG has yet to deliver any revenue or a revenue generating contract.  He said contracts are coming soon.  This was a year ago.  Today sales = $0.   Will RG and NXO eventually deliver?  Who knows.  Daugelas managed to get several penniless partnerships, and even won the “prestigious” Edison Award, that people here hailed as

[cashy]

Sorry truhilik I apologize But I still think that Paul did what he could and brought in R.G.

[Truhlik]

Hey cashy.  No problem.   I do agree that switching away from the optics development was a necessary step.  At that point there was little choice.  Bringing in RG also a good move. Will RG manage to achieve revenue?  That is the big question.   Cheers.

[cashy]

Cheers to you and everybody .Hold on good things should come.

[5rockies]

RG, a good move? When you heard this dude for the last time doing something? ah, yes "contracts are coming soon". Did he actually mean the contracts in one of the other businesses he is chairing? If yes, may be he is not a liar. Simply his priority and focus maybe elsewhere.

[5rockies]

RG is a liar, let me say it one more time - liar because he lied about the contracts coming soon.

[rebel20]

So you think ALIIS is a 3 DB invention? what are you smoking? ALIIS came out after they left the Co. and it couldn't have happened asoon enough. what a lying clown you are. 

[Damn1212]

Rebel  How about you do everyone a favor and stop insulting other posters.  Just because you are you doesnt give you the right to insult everyone.  NXO is suffering and so are real shareholders. Insulting people doesnt help anyone. 

[SomeInvestor]

What's the matter Damn1212, does it hurt when people call you out for your BS and make you out as a moron. Why don't you go back to calling people fools and talk about how poor the company is performing. Let's count it up, you have split personalities, emotional and hypocritical. I don't know what type of pants you where but next time your shirt shopping let me suggest a white one

[Damn1212]

Pointing out reality  No Sales  80% drop in share price  Shareholders fed up  Is just that , pointing out reality.  I understand , you cant accept reality of the shareprice at 26 pennies with 17 million shares left to dump so all you can say is :  You stupid ...  LOL  Are you guys 8 years old >? 

[Thx4allthefish]

DAMN12 "I understand , you cant accept reality of the shareprice at 26 pennies with 17 million shares left to dump " For someone holding so many imaginary shares you sure don't spend much time researching the company you pretend to be invested in. 8 mill of those shares are locked up for 7 years and barring an act of god they'll be in someone elses hands. Get your 'facts'

[Quatro]

Dick1212. And yet you are still here everyday. Telling people your buying. Why would you continue to buy shares in a company you say is a scam? Your a lying piece of sh*t. 

[mississauga1]

Quatro  Im not buying at the moment  But Hey hows the 85% drop in shareprice feel ?  OHHH ya , you dont actually own any shares.... you just come here and insult those of us who really do own shares. 

[Roadrunner71]

Quatro "Dick1212. And yet you are still here everyday. Telling people your buying. Why would you continue to buy shares in a company you say is a scam? Your a lying piece of sh*t."  I put Dick1212 on ignore yesterday. Do you think that if everyone did the same, he would eventually go away or would he come back under a different alias?

[Damn1212]

Problem for you roadrunner is all investors agree with me  The only people who " dislike me and mute me " are the facebook Cult guys who cant see the reality of what is happening to the shareprice.  Its very weird this NXO cult...  They give 0 importance to shareprice...  Its all about praising rich and Paul as the best Humans alive while we loose our shirts and $

[Truhlik]

Rebel20:  Are you aware that Darcy Daugela’s name is on every ALIIS patent?  Are you aware of that inconvenient little fact?  Rather than coming here only to throw insults at other posters, try doing some reading...you may learn something.

[Thx4allthefish]

Rebel20:  Are you aware that Darcy Daugela’s name is on every ALIIS patent?  Are you aware of that inconvenient little fact?  Rather than coming here only to throw insults at other posters, try doing some reading...you may learn something. What's your point? He lied and wormed his way into 40 million shares, are you surprised that slimeball snuck his name into the patents too

[Truhlik]

Thx4allthefish:  My point was just to respond to rebel20, who claimed that Daugelas had nothing to do with ALIIS, after which he hurled insults and called me a liar.  Since Daugela is named co-inventor on every ALIIS patent, rebel is outright wrong.  Also, I did not appreciate his slander.  That was my only point.   Cheers. 

[stockmonster6]

Actually ALLIS was developed while 3DB were still running the company as a way to tackle the issue with the square aperature and stacked lens.  ALIIS was an update to the existing ALLIS.  However, it was the AI team (Kevin et al) who were developing it. So technically, not a 3DB patent, but was initiated when they were in on the Board.

[5rockies]

Please stop spilling bs and causing the price to drop. R.G. is noone and we all saw he can't do much. K.G. is the person behind ALIIS and with his experience will get us to see better days.

[Thx4allthefish]

Nobody really cares that 3DB ended up with 40 mill shares in the merger of their company with NXO, tha'ts not the issue(unless you have perfect hindsight). At the time, the technology looked good and was at least partially functional at the scale they developed the telescope at. Had they been able to make it work at a small scale with plastic lenses it may have been a different story. Had it

[cashy]

THANKS now we can put that to rest.

[Damn1212]

@ cashy @ Thx4allfish @ all the other smart posteers  Who cares if we lost 80% of our investment in NXO ... I dont !  Because NXO is sooo GREAT and RICH G !!!  SOO YA !  Only positive posts allowed ... LOL 

[cashy]

You don't lose untill you sell. Is that right  Roadrunner? lol

[Truhlik]

Thx4allthefish:  You say that investors don’t care that Paul gave 3DB over 40 million NXO shares for technology that was written off as worthless?   Seriously????    I believe that investors should, and do care.  With these shares being dumped on the open markets and as a result stock price clogging the sump, only a fool would not care.  

[Damn1212]

I Care !!!  40 million $$$ given away for free !!!!! 

[5rockies]

I care especially when Paul took the money from our pockets to gift them to the brothers for free.

[rebel20]

Yo Damn ever checked to see if john Daugela was already on the board of directors? Ever checked to see if he and his brother might have possibly with-held info? who th eheck knows but if you are going to play private detective then do a better job. 

[Quatro]

Rebel20. The Douche Bag brothers did more than withhold information. The out right lied about the functionality, versatility, and ability to commercialize their invention. They scammed shareholders and investors out of million. Maybe that why Damn1212 works for them. He is the same type of scumbag lying, fraudster.

[Thx4allthefish]

*YAWN* You trolls don't even try. You can't find anything wrong with the way the company is operating so you have to revert to finding errors from half a decade ago? Remember that Paul AND the board agreed to the merger WITH the support of shareholders. Was it a mistake? Kinda. As the Daug lovers in here have pointed out, ALIIS would not exist without a series of blunders before it. So

[Damn1212]

You are right Thx4all fish !!  Nothing wrong ! LOL  Nothing wrong in paying 40 million for a worthless tech that will be written off  a few months after purchase...  Nothing wrong with having 0 sales !  Nothing wrong with loosing 85% of the share value in 12 months !  Nothing wrong with making new 52 week lows every week !!  Lets keep everything as it is ..

[Truhlik]

LOL.  Yes yes.  Maybe we should blame shareholder for trusting management’s analysis of the technology.  

[5rockies]

Everything wrong with giving away 40 millions of our money. I think RG and PMcKenzie should be voted out the board and replaced with professionals.

[Topper00]

@Thx4allthefish I hope someone drops a truck load of fish to you! Keep up the good posts on a tough board it seams some days.

[5rockies]

So why Paul McKenzie let brothers screwing around?? And even now when they sell shares with no limits, he is silent?? He must be kicked out his own company like Trevor Milton and replaced by an experienced professional who together with Kevin Gordon can deliver sales.

[Damn1212]

Paul is either very incompetant or he is in on the scam , its one or the other ( in my opinion )  To put us shareholders through Hell is just unaccceptable 

[Thx4allthefish]

Given their past, would you rather 3db continue to hold a controlling stake in the company, or better to see them disappear with some short term share price pain? Personally, I'll take the pain over those dopes casting their long shadow on the company for any longer than necessary. And  I'm not letting Paul completely off the hook, but he did turn things around. Better late than never

[5rockies]

Paul did not turn anything. He continues to screwing up the shareholders by his incompetency/inability to deliver sales. And, he is hiding from us, not talking like we do not exist. Paul, Rich, and the old generation of directors must be immediatelly replaced by true professionals who knows how to turn things around. Otherwise, we fool will keep waiting years and chances to meet God your creator

[Truhlik]

Thx4allthefish:  3DB had to go...no argument there.  The problem is that most of the old guard remained.  Paul (and others)  are the ones that went on TV and convinced shareholders that the lens technology was revolutionary and was going to disrupt the whole industry, and then gave 3DB over 40 million shares for it. Now the same guy is telling us how revolutionary ALIIS is

[Damn1212]

@Tru  CEO is supposed to be the captain of the ship  To me it looks like they are all ( 3bd, paul, rich ect) friends and taking us investors for a ride...  once there is no more blood to suck they will say " sorry tech doesnt work ...close company" just like they did with other companies ... 

[Thx4allthefish]

Trulik. I get the trust issues. But you have to see that there's a big difference between a couple arrogant failed inventors being at Paul's side vs. The pedigree of Rich G. Ya they could've dumped the whole board, but that's not how things are done. You root out the immediate problem, send it packing, and keep the good people. You don't throw out the baby with the bath water

[Damn1212]

@ thx4all  Current team has taken nxo from having empty pockets ...  to NXO having empty pockets and 0 $ in sales....  I fail to see the upgrade ? Can you point it out to us?  NXO sold dreams then ... they are selling dreams now !  Paul sold us the " biggest discovery since gallaleo "  and hes doing it again with ALIIS .  Move the decimal over

[AUborealis]

In case y'all haven't noticed - ALIIS is being deployed as we sit and grouse. - Doubletake is in the pipeline. The fact that, while the DT is awaiting NXO's ability to properly fund it's final stages of commercialization and rollout, the expenses incurred in it's development have been 'charged off' on the financials, does not preclude those development costs from

[Damn1212]

@ Boralis  In case you havnt noticed we arnt going on hopes and dreams anymore  So please show proof of what you claim or don't say it at all.  Aliis as far as we know has generated 0$ so far , so how could NXO do share buybacks ?  May as well tell us Warren Buffet is getting ready to buy NXO at 20$ per SHARE !!  Aliis is being deployed in your hopes and dreams

[SomeInvestor]

Good thing you bought more than. At least if you're going to complain about it, take a look in the mirror and decide who's fault really was it. The multiple times you bought back in knowing the company has $0 revenue or is the company for not having any revenue. Maybe think about getting medication if you wake up saying you dispise a company and then go and drop another 200k buy order on

[Damn1212]

@someinvestor  Obviously you can not deny what im saying is True , so you attack me personally to try and discredit what im saying.  Nxo is still here , Sinking day after day.  Dbros just sold 1 025 000 shares today. You can bet your bottom dollar those shares will end up getting dumped on the market pushing the price even lower still in coming weeks.  Regardless of what I

[rebel20]

the sky is falling, the sky is falling. You reallt have no clue who  has been scooping up shares under $0.30 do you? Do you have any theories as to why the D-Bros. were willing to sell below $0.36? NXO team Members are chipper than ever focussed on  commercializing ALIIS not  throwing money at promoting the stock which would only benefit one party, well maybe you too. NXO folks are

[AUborealis]

Let this be a lesson for you. You have a lot to learn about what it takes to be successful when you're expanding the leading edge of new technologies. I'll take my cues fom RG, Arch Meredith and Steve Petranek. You can go and commiserate with 3Db. You have a lot in common.

[Damn1212]

@ Boralis  New Technologies soo in demand they have sold how much ?  Boralis ? How much is that you say ?  0$ in sales ?  Ohh wow ...must be very impressive Tech !!!  Good Job Rich LOL 

[rebel20]

Well said AUborealis. thankfully a few of us remaining here know what side of the bread our butter should be on. This forum was ruined long ago with too many douches taking it over.  Lots of insightful, educational, helpful DD avaialbel to those who want it.  

[5rockies]

True, if someone is to blame is Paul. He should not be on the stock market with a company w/o product for/in sale. And Paul was the person who during the last 5 years as president and CEO did not achieve anything and failed us the shareholders. This disingenious fox is always hiding from us and running away from accountability.  If someone is to be respected in all this is Kevin Gordon, the