Nexoptic Technology Corp V.NXO

Well at FIT the Fat Lady is warming up

[BarstoolSage]

I think I mentioned before that FIT, Koios Beverages, was also under a CTO for non filing.

Two or so weeks after lifting, they did a 75 for 1 consolidation,

They have Nootropic active ingredients that really are cheaper to distribute via gummies than drinks.

Hence they are looking to unload their drink division to concentrate on gummies...something they announced before the CTO......the MD&A says the sale of the division is needed to pay off debt and stabilize the company and there is a non binding LOI where the potential purchaser is (good luck) looking to raise monies for the acquisition.

To trade this I have to call into my TD Warterhouse account but I have so little I might as well hang on. 

But it did spur me to ask about NXO's latest MD&A

I have not read rear it nor do I think I have seen anything of value discussed here on the recent financials and disclosures. Anything worth noting on outlook and prospects?

Or is NXO still pleased to announce it remains on the cusp of the edge of emergance into profitably squeezing the noise out of data.

[Damn1212]

Hi Bar  The last MD&A is a cut and paste from previous ... Same ol Same ol  Just wondering... you say that company did a 75-1  What happened after they started trading again ? Stock up or down or steady ?  How long were they halted for ? 

[BarstoolSage]

Down then halved ....but at least they clearly described their situation ....sounds like On The Edge of The Cusp will be playing a little longer

[Damn1212]

Yeah  Looks like thats all nxo does ... Just slaughter shareholders over and over to get 12 months of $$$ to get salaries paid and produce nothing.