Post by
Auenboy0 on Jan 20, 2022 5:29pm
First Quarter Thoughts
I've been a longtime observer of the board and have enjoyed the theatrics, however as I feel 2022 will likely be a great year for NXO I'd like to give my two cents. Breathe. The agreement made with Selten was announced December 16 with one of the terms being the $1.1 million paid at maximum 45 days post announcement. Cash burn rate was calculated by AUborealis (probably my favourite contributer to this board (hi)) at ~500k/quarter and estimated cash would run out by the end of this month - not so coincidentally when the Selten monies will be arriving. That's money to fund "us" through the next few quarters, and keeps us afloat until the commercial deal with Pristine will yield financial return. It was meant to be last year, however the thorn in the company's side being COVID delayed deployment of their scopes. For a trader who's looking to make a quick buck, or who is foolish enough to place all their eggs in a single basket the decline in share price over the last week's is certainly frustrating. The foundations however are strong, and there is money here to keep NXO's lights on until revenue news (revenews?) breaks. That, and that alone is what will cause notable share price appreciation so why in the meantime hope for a fluff article you're probably going to botch your limit orders on anyway?
Comment by
Blueshoes on Jan 20, 2022 5:37pm
Great post and refreshing!
Comment by
Damn1212 on Jan 20, 2022 6:56pm
Great post Just been the same posting 2018 2019 2020 2021 Nd now 2022
Comment by
Blueshoes on Jan 20, 2022 7:03pm
Danm wtf do u want from us on here? Honesty for a guy with a luxury watch collection ur pretty lame... we cannot help u!!!! wether we agree or disagree with you WE CANT HELP YOU!!!! nxo sucks, management is a scam, sp is down 1000percent, aliis isn't real, no one wants aliis.... now what?
Comment by
Auenboy0 on Jan 20, 2022 8:05pm
"In times of glory be grateful, when times look grim be graceful." You appear to be the antithesis to the quote, although I don't think you know what any of those words mean.
Comment by
Henryford on Jan 20, 2022 8:54pm
Until the money is in the bank...all bets are off.
Comment by
Damn1212 on Jan 20, 2022 8:59pm
@ Auen No I dont ! All those Complicated words are just so hard for me to understand. But thank Heavens you are here to tell everyone this is NXO's year LOL NXO 2022 Baby !!!