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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 > I Am The Slump Buster lol
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Post by ScarletSpider on Nov 14, 2022 6:20pm

I Am The Slump Buster lol

...after debating to share this with you or not I thought it is so hilarious how things work out that I would...you are welcome Henry and to anyone who seized the .17 high. I strongly felt that this company wouldn't close the pp as soon as it did and would not trade as high as it has I stated it very clearly that it was trading high and said I hope it would remain doing so. What I didn't say is I sold my last 2000 shares where I averaged at .085 and not too long after this stunned me that it kept first trading .085 to .09 until the pp closed. I said I would not buy for more than a nickel but because of shedding my 2000 and seeing how much this is overachieving I bought back 1000 shares which I will not sell now although I did say that of the 2000 that .17 man missed it I would have taken the profit on 1000 shares. Now why I said this is overachieving I sold the 2000 shares for 1200 axe shared which is getting nominal sales on their computer software but is backed by 3 major Canadian Oil sands producers yet the shares collapsed very badly from 80 to a low of .19 during its raise at .27...I bought shares averaged at .28 and a few days after it collapsed to .19...I must be a bit of bad luck lol. But as the company closed the pp it went from .25 to .40 and gained another .03 today. Overall I would have been further ahead here in the near term. Here is the thing don't expect this to move to beyond .13 without contracts not likely to happen that is the exercise strike point so this is trading high which of course buying in today at a new average of .135 on 1000 shares I don't mind if it trades high the higher the better but I will not kid myself on breaking .13 decisively without a contract and if on what I call already overachieving by trading near a double of its warrant price that is actually ridiculous than jumping to .17 on close just imagine what a piddly 1 to 1.5 contract will do? I say this because I gave up 1500 mrs shares and that by far revenue wise kills this one over 233 million in revenue last year but what sunk it was the low gross profit of 5 to 12 percent although it was EBITDA positive 2 out of 4 quarters and that is not easy for pennies to achieve. There is also lots of foul play happening sinking the shares where they absolutely did not deserve to be and due to supply chain issues the company only made a few contracts tallying near 6 million but with 29 and 49 percent gross profit margins. Because mrs announced its raise at .08 is getting screwed badly I said that's it although unlike making the same mistake here leaving 0 shares I left 1000 there. Both are my super long 10 plus shares so I hope Rich will not take a victory lap at 1 to 2 here although as much as I don't like the thought that is what it looks like to me I really hope I am wrong as I was about the raise. In any case I got enough to keep me happy now anything above and beyond may all or in part be tradable I don't know because I can't spend years upon years wasting unrealized gains when they are available I won't as I said in the past exponentially grow like that. In any case I thought this whole thing is hilarious even though it cost me quite a bit so with that it means the dollar and time and other stocks being trade I went through some effort to let this go cheap again. Do I think there is something here of course. But how good and what not has yet to be seen and why I am not fast to buy more but couldn't entirely have 0 shares so was fairly fast to rebuild the 1000. I actually debated whether I would hold the full 2000 or not well that debate has been answered and I lost a near double oh well...you are welcome Henry.
Comment by ratsnake220 on Nov 14, 2022 11:47pm
They clossed the PP undersubscribed by a million shares.....it was not fully subscribed.....so they can still pay the board the $200,000 each in fees....and walk away and resign and declare bankruptcy
Comment by ratsnake220 on Nov 14, 2022 11:48pm
my mistake   i meant a million dollaars not subscribed too.....
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