Post by
Truhlik on Aug 30, 2022 1:15pm
The ship is sinking
"The ship is sinking, the ship is sinking, the ship is sinking
There's a leak, there's a leak In the boiler room,
The poor, the lame, the blind"
That about describes NXO after their last financials. No cash plus no revenue equals pain for poor investors.
If anyone is thinking of averaging down, be careful. Remember, it does not matter if your average price is 10 cents or 90 cents...if this thing goes to 0, you lose 100% of your invested capital in either case.
Good luck.
Comment by
Damn1212 on Aug 30, 2022 2:16pm
@Tru The pumps will buy us time but minutes only ... Tis a mathematical certainty ... this ship will shink ! https://www.youtube.com/watch?v=PU38aaViV84
Comment by
Truhlik on Aug 30, 2022 3:03pm
@damn1212 Yeah, funny (and sadly relevant) watching that Titanic clip. NXO worked the pumps pretty hard over the years. Cheers.