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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 > Id like to remind everyone
View:
Post by Damn1212 on Jul 27, 2024 7:31pm

Id like to remind everyone

That the last 2.2 M raise was supposed to be the last dilution . 

It was the last cash injection needed before commercialization and revenue. .

If you read the NR it even says that they were going to use the money to pay cloud suppliers and that they were going to announce their choice shortly thereafter ( after the PP raise ) 

Well here we are 2 years later ...

No suppliers announced 

Money is gone 

No revenue 

And the sing team on this BB is saying they dont mind 1 last PP if it gets NXO to finish line and they dont mind share rollback and dillution. 

Of course nobody asks the logical question ... 

Umm paul ? Wasnt the last 2.2 M raise supposed to get us to commercialization and used to pay suppliers to then get revenue ? 

Nope ...nobody asks that question except me .. 

So yea ... 

Some may wonder why I lost trust in nxo .... this is why. 

They never deliver on what they say they will do. 

We get it ... bumps in the road happen. But when you can never get anything right its time to ask the hard questions. 

Paul ..you said the 2.2 M would be used to secure suppliers but looks like the money went to salaries and to pay the money you advanced to NXO as per financials and the NR. 

Umm what gives . 

How many Last PP will be needed ?
Comment by Papagiorgio11 on Jul 27, 2024 8:01pm
So you're saying because they didn't announce to the shareholders the results of of the 2.2 million,  that it never happened? Your assuming again! You have no proof of what you claim except that they didn't announce something! How do you know if something is in the works or not! Again, why didn't you sell if all these red flags exist? I just can't understand why someone ...more  
Comment by Damn1212 on Jul 27, 2024 8:19pm
Papa  The only one with the agenda is you.  The company works for shareholders in case you dont know.  If they said they would announce supplier choice soon ...and that was 2 years ago then clearly things are not going well.  If they said the 2.2 M PP was needed to get commercialization and it didnt happen then yes they owe shareholders an explanation.  Shareholders = ...more  
Comment by Papagiorgio11 on Jul 27, 2024 8:40pm
Again you don't understand!  All I said was that just because they didn't announce something doesn't mean something didn't happen! If you don't have proof then your assuming! 
Comment by Damn1212 on Jul 28, 2024 9:45am
Sorry you dont understand Papa  Ill repeat it for you  Shareholders = Owners  NXO = must provide updates to owners  The company doesnt get to say they will do 1 thing and then not do it and not update the owners of the company.  Well they can do it but then loose all credibility which will cause the collapse of the share price and make raising new capital impossible ...more  
Comment by Papagiorgio11 on Jul 28, 2024 10:35am
Is this guy for real!! Lol!  You just said they have to lets us know and then said they dont have to lets us know! Lol! Why even post if your going to cancel it out! Lol! You can act like that's the truth but the reality is, the Dbros sold their shares and crushed the stock price, than after they sold their shares there was another bull run that ended with all penny stocks getting ...more  
Comment by Maxmoe on Jul 28, 2024 5:56am
Ahh, but here's the rub. They don't owe you or any nasty attacker any response to any inquiry you make. No shirt, no shoes, no service. Simple. Have you seen the signs at the DMV or any other government office? If you are disrespectful, rude, loud, or in any way harass employees you aren't welcome. Same thing with any company contact. Even stockhouse tries to maintain a level of ...more  
Comment by Maxmoe on Jul 28, 2024 5:41am
Surely you jest for only the fool would speak thusly. Where exactly is there any inference even that was the " last " raise. Even a hint or suggestion maybe. But if you are to be believed, you can PROVIDE EVIDENCE of your statement. A start up has a "last" raise and it's $2 million ???? Cmon. Twisted words to suit your narrative is how you lost all credibility long ago. Why ...more  
Comment by Maxmoe on Jul 28, 2024 5:47am
Fact check. Actual text from actual press release. NO suggestion or even hint this was the last.   Net proceeds from this offering will be used to fund ongoing commercialization of NexOptic's Aliis™ suite of artificial intelligence technologies and software solutions for sophisticated ESG applications and image and video correction capabilities designed to impact a multitude of ...more  
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