Nexoptic Technology Corp V.NXO

A final thought on the Shareholder Agreement. I thought that

[AUborealis]

it would take abiut 800 trading days for the 'Insider Sales' filings on SEDI by 3Db to come to an end.

10% Insider ownership level was 14.7MM

They started with 42MM

Then - the 8MM (reserved)

so 34MM needing to be reduced to ~ 14MM 

So 20,000,000 coming to market.

However Maximum daily sales allowed was 25,000 shs.

So, 20,000,000/25,000=800 days...potentially.

Accordingly I consider the 'progress' here for the Company to be 'ahead of schedule'.

As i said in an earlier post...removal of the Control block (sub 30%) and then the reduction down below 10%...is a very good thing in that it  'frees' management to talk deals, and then seek only Board approval, without having to shoulder check with a potential dissident shareholder.

RG done good 'corporately'...while Kevin and his team seem to be creating great tech and tech relationships.

The runway is cleared...

[Damn1212]

Boralis  The NXO board is either really really incopetant or in on a scam or theres something im not seeing...  Why would they not put a restriction on shares sold by Blocks ?  Any answers are welcome ????  They could have easily  put a 1 year No selling restriction as is often the case in these types of situations.  I have always wondered why this was not done ?

[AUborealis]

I am aware of timed resale restrictions as they apply to a PP, - 4 months and a day, and those associated with founders shares upon an IPO, with varying timelines and percentages Eg.:  15% in 6 months, 25% in 12 months, 30% in 18 months, 30% in 24 months, These are the only other sort of 'time restrictions' with regard to reasle that come to mind. This was neither. It would be

[Damn1212]

Boralis  Shareholders deserve better than what we have been getting past 12 months.  That is not somethign we can deny.  The company can not do another 12 months of fluff and no sales.  NXO management is againt the wall. 

[Henryford]

Is it printed in Braile. We might need a few copies for a few onboard here. (No dispect to the Blind or impaired)