Nexaira Wireless (fka NXWI)

[Renee]

NXWI revoked:

http://www.sec.gov/litigation/admin/2014/34-73692.pdf

[Renee]

NXWI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-72771.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-72771-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72772.pdf

[scion]

SEC target Eiten accepts permanent ban

2013-12-23 13:40 ET - Street Wire
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-2134633&symbol=*SEC®ion=C

Geoffrey Eiten, the Boston tout who held himself out as "America's Leading Micro-Cap Stock Picker," has agreed to a permanent ban from penny stocks. Mr. Eiten accepted the ban to settle charges from the U.S. Securities and Exchange Commission stemming from overly optimistic reports he wrote that boosted four stocks. The SEC said he made projections that had no basis in reality, among them a claim that a Vancouver company had developed the "fastest router in the world."

Mr. Eiten's ban is contained in a consent to judgment dated Dec. 18, 2013. Among other things, he has agreed to an order that bars him from promoting penny stocks and from deriving any compensation from promoting penny stocks. He has also agreed to a ban from participating in any offering of penny stocks. Mr. Eiten did not admit to any wrongdoing in accepting the penalties. A judge still must accept the settlement.

The ban is in addition to any monetary penalties, which the judge still must determine. It is not clear what such penalties could be, but the SEC previously secured a $1.6-million default judgment for Mr. Eiten's company, National Financial Communications Corp. (All figures are in U.S. dollars.) The amount represented disgorgement of $605,262 in profits plus a $1-million civil penalty.

The penalties stem from a scheme that Mr. Eiten, a former broker, ran in 2010. The SEC claims that he issued glowing reports that misrepresented the prospects of four companies. He took no steps to verify highly promotional information he was disseminating, including claims that one company could produce $9.5-billion in gold, the SEC says. He also failed to fully disclose his compensation, according to the SEC.

A fast router and a $9.5-billlion gold mine

Details of the allegations are contained in a civil complaint that the SEC filed against Mr. Eiten and National Financial on Dec. 12, 2011, in the District of Massachusetts. The SEC identified Mr. Eiten, 61, as a broker of 20 years who moved to investor relations in 1991. His business was primarily touting penny stocks for paying clients.

Much of the complaint centres around companies that he touted with a newsletter called the OTC Special Situations Report. The report, which he sent out through mass mailings and spam, promoted a pair of Canadian listings in 2010, the SEC said. Among them was Nexaira Wireless, a Vancouver company that purportedly had developed the fastest router in the world.

Mr. Eiten made a number of misleading statements about Nexaira, telling potential investors that it was receiving revenue from Sprint and Comcast, according to the complaint. In reality, Nexaira's router had not received approval from the Federal Communications Commission and the company had no relationships with Sprint or Comcast, the SEC said. (The stock, which was at 45 cents at the time of Mr. Eiten's June, 2010, report, was last at 0.09 cent.)

Another Canadian listing that the SEC identified Mr. Eiten as having promoted was Clean Power Concepts Inc. of Regina, Sask. The company purportedly made fuel additives from crushed seed oil. Mr. Eiten's promotional statements about the stock included telling readers that it had proprietary technologies and licences that were "held airtight by the company." In reality, Clean Power had one patent pending and did not own any intellectual property, the SEC said. (The stock, which was around $1 when Mr. Eiten wrote the report, was last at 0.29 cent.)

The other stocks that Mr. Eiten touted were Gold Standard Mining Corp. of California and Endeavor Power Corp. of Massachusetts. With Gold Standard, he told readers the company was producing "$9.5 BILLION of pure gold -- and you can get in around $2 a share!" In reality, the company needed to raise a large amount of money to develop a mine, the SEC said.

In writing his reports, Mr. Eiten failed to fully disclose his substantial compensation, according to the complaint. With Gold Standard, his report disclosed a $25,000 payment, but the SEC claimed he received wires far in excess of that amount from two offshore entities. With Nexaira, Mr. Eiten only listed a $16,000 payment, but the SEC claims he received substantially more from a company called Norbaoten Invest Ltd.

The complaint sought an order prohibiting Mr. Eiten from promoting penny stocks, disgorgement of ill-gotten gains and an appropriate civil penalty.

While the case marked the first time the SEC had filed charges against Mr. Eiten, the regulator had mentioned his OTC Special Situations Report in at least one prior suit. In its March, 2009, case against Vancouver's Joseph Fernando and others, the SEC claimed that Mr. Fernando paid for coverage in the OTC Special Situations Report for Xpention Genetics Inc., a company that was purportedly developing a cancer vaccine. The SEC said the report contained several false or misleading claims about the company. The regulator ultimately obtained $2.87-million default judgment against Mr. Fernando.

Clean Power has also appeared in another more recent regulatory action. On Nov. 26, 2013, the B.C. Securities Commission claimed that Alnoor Ramji, a former B.C. resident, participated in a scheme to sell $21.5-million worth of stock in the company. During a one-month promotion that began in December, 2010, he and other unidentified associates sold 81 million shares while the company issued a number of promotional news releases, the BCSC said. Mr. Ramji has not responded to that case.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-2134633&symbol=*SEC®ion=C

[hexy16]

What's up with the volume today? isn't this dead in the water?

[Dip66]

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/threadview?m=tm&bn=101486&tid=101&mid=101&tof=1&frt=2

[Dip66]

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/threadview?m=tm&bn=101486&tid=101&mid=101&tof=1&frt=2

[Dip66]

looks like someone is trying to pump this and get their money out today before its lights out here.

On December 7, 2011, Nexaira, Inc., (“Nexaira”) a wholly owned subsidiary of our company, received a letter from a secured lender, Centurion Credit Funding LLC (“Centurion”) advising us that Nexaira is in default for failing to make a payment when due. The total amount past due of $375,009.71 consists of $336,256.25 in principal and $38,753.46 in interest. The notice provided Nexaira with the opportunity to resolve the default by December 12, 2011. At this point, we are in forebearance agreement discussions with Centurion and are attempting to obtain a rescission of the default notice by providing Centurion with a partial payment and re-negotiating an extension of the maturity date. There is no guarantee that Centurion and Nexaira will be able to resolve this matter in a timely manner. The repayment of the past due amount will be contingent upon our company’s ability to raise working capital to satisfy this obligation.

In a separate agreement, our company is in discussions with another lender, GEMINI MASTER FUND, LTD., the holder of a certain 10% Convertible Note in the original principal amount of $400,000.00, $50,000 of which has been converted. Forebearance agreement discussions with Gemini Master Fund, Ltd. are taking place whereby it is contemplated that the original Convertible Note will be exchanged for a new 10% secured Note that will be due January 31, 2012. There is no guarantee that GEMINI MASTER FUND, LTD. and our company will be able to resolve this matter in a timely manner. The repayment of the past due amount will be contingent upon our company’s ability to raise working capital to satisfy this obligation.

At this time, our company has engaged Reedland Capital Partners LLC, an Institutional Division of Financial West Group, to assist management in exploring a number of options available to it to address and restructure its past and on-going financial obligations. While management has been and continues to be in negotiations and discussions with its lenders and strategic investors, management has been maintaining minimal operations to reduce operating costs and liabilities.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NEXAIRA WIRELESS INC.

By: “Mark Sampson”

Name: Mark Sampson
Title: Chief Executive Officer
Dated: December 30, 2011

2

[Dip66]

3Gstore.com Blog: Nexaira Closes Doors
blog.3gstore.com/2011/12/nexaira-closes-doors.html

[wizdom7]

investor relations line now disconnected 888-960-4447

[Dip66]

i need to start unwinding some positions next week be it tax season is around the corner. All the best to you with this but I don't see anything happening here as they increased the O/S, the sales figs dropped off the cliff and you can't even get in touch with investor relations.

[weenchisk]

the asks seem to be disappearing a bit so maybe finally this is going to go back up

[Dip66]

has anyone heard anything here, tax time is coming looking to unload and write this one off.

[wizdom7]

no one cares, the Outstanding shares were increased and the company is in the dumper.. will consider this at .0001

[weenchisk]

financials out if anybody cares

[ChartMasterpieces]

Big mystery. Thought they had good products. Oh well!

[wizdom7]

i tried to email and call investors relations nothing works, phone is disconnected and email kicked back. Company even in business?

[Dip66]

are you joking? website isn't even functional, just read the financial reports not good, company needs cash and with the slowdown in the economy will be lucky if this one stays alive until the end of the quarter. What can you possibly see good out of this?

[ChartMasterpieces]

Nexaira website: http://nexaira.com/ Impressive looking!

[ChartMasterpieces]

Waiting for 10 Q. Will call on Monday to find out status if I have a moment.

[ChartMasterpieces]

OS - 78,350,217. No 10Q filled since April.

[ChartMasterpieces]

This dropped a lot not sure if it found bottom yet though.

[letterstomper]

Love this stock! I really like how undervalued and under the radar NXWI is! We will see .35 very very soon.

[buccaneer1961]

this seems to be a solid stock,not full of pr stuff but co. seems legit

[weenchisk]

first time in long time around 100,000 shares traded. maybe beginning of something.

[buccaneer1961]

is the ss still the same as couple years ago?

[weenchisk]

when is the day coming or is it still

[pumpnass]

every stock has its day

[weenchisk]

board is as quiet as this stock. is this one dead or do we still have a chance

[pumpnass]

Nexaira’s High Availability Router for Wireless Broadband Backup and Business Continuity Services Implemented by Cbeyond

Nexaira Wireless (OTCBB:NXWI)
Intraday Stock Chart
Today : Wednesday 30 March 2011
Nexaira Wireless Inc., (“Nexaira”) (OTCBB: NXWI) a best-in-class provider of customized wireless routing solutions for 3G/4G business applications, announced today that it has secured an agreement with Cbeyond, a leading provider of IT and communications solutions designed to help grow small and medium-sized businesses.

Under the terms of the agreement, Nexaira will provide its High Availability Business Class Router with Cbeyond’s specific firmware to provide a wireless broadband backup and WAN failover service to Cbeyond customers.

Nexaira provides third and fourth generation (“3G/4G”) routing products for business customers who want to leverage the high availability wireless networks for failover, primary access or remote/mobile locations, with the business class features traditionally found only on wireline products.

“We are excited to partner with Cbeyond to provide automated wireless broadband backup,” stated JR Yakel, vice president of sales for Nexaira, Inc. “This agreement extends our customer reach, as our router will be included as an offering to Cbeyond’s customers. Our business class router is distinguished by its high level of availability, thus enabling small-to-medium sized businesses to remain ‘always on.’”

“Nexaira’s routers are of unmatched functionality at a price point attractive to our customers,” said Bob Smith, senior director of product marketing for Cbeyond. “The combination of Cbeyond’s IT and communications solutions and Nexaira’s High Availability Router with advanced routing protocols offers businesses the peace of mind needed to focus on growing their business rather than worrying about network reliability.”

About Nexaira - The Leader in Secure High Availability Wireless Applications

Nexaira’s routing solutions are simple to install yet provide the advanced management and business class features demanded by the most sophisticated users. Nexaira’s wireless devices are ideal for secure high availability applications acting as the primary router for wireless, DSL, or cable networks or can be used to provide complete device and network redundancy in wide area network-failover/ fail back applications. For more information visit www.nexaira.com.

About Cbeyond

For more than 10 years, Cbeyond, Inc. (NASDAQ: CBEY) has provided small businesses with leading IT and communications solutions. Serving customers throughout the U.S., Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), voicemail, email, web hosting, fax-to-email, data backup, file-sharing, virtual private networking and cloud services. Winning over 50 awards for product innovation, growth and providing a quality customer experience, Cbeyond continues to focus on helping small businesses succeed and grow through high-performance technology, superior services and world-class support. For more information on Cbeyond, visit www.cbeyond.net and follow Cbeyond on Twitter: www.Twitter.com/Cbeyondinc.

Forward-Looking Statements

Statements in this press release, which are not purely historical, are forward-looking statements and can include, without limitation, statements based on current expectations involving a number of risks and uncertainties and which are not guarantees of future performance of the Company. Forward-looking statements in this press release include that: (i) Nexaira’s business class router is distinguished by its high level of availability, thus enabling small-to-medium sized businesses to remain ‘always on’; (ii) Nexaira’s routers are of unmatched functionality at a price point attractive to our customers; and (iii) the combination of Cbeyond’s IT and communications solutions and Nexaira’s High Availability Router with advanced routing protocols offers businesses the peace of mind needed to focus on growing their business rather than worrying about network. There are numerous risks and uncertainties that could cause actual results and the plans and objectives of Nexaira to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) any occurrences that delay the launch of Nexaira and CBeyond’s business solutions; and (iii) any adverse occurrence with respect to the business solutions or any other technology of Nexaira related to the development or operation of the business solutions. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Although Nexaira believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Nexaira’s annual report on Form 10-K for the fiscal year ended October 31, 2010, its quarterly reports on Form 10-Q, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

[along4dride]

Seemingly good news out, and this board is dead! What's up here folks?

[th2o]

Yo pump? What cha been up too? Haven't chatted with you since CBIS back in october. Hey man what do you think is looking good these days? PM me! Take care bro. Thanks a mil

[pumpnass]

me to ;o)

[Kwi]

hmm, yeah i guess I could settle for .50. ha.

[pumpnass]

i'll be happy with .50 but i think when this get the right news it could do much more than that

[Kwi]

Whats your target? Sitting at 10 in case anyone is crazy enough to sell.

[pumpnass]

i'm not worried on a time line here i know this is a strong stock and this is a great price ;o)

[weenchisk]

thinking we will be back up to .20 by next friday

[pumpnass]

yes bud real tight

[Kwi]

i can't believe this isn't on people's radar with the final 10 break.

[Kwi]

thanks. took a starter and it up ticked. float must be tight.

[pumpnass]

yeah bud been here for a while she's going to run big one day the only question is when ;o)

[Kwi]

What's the deal here? Looks like she's breaking out. Might get in tomorrow.

[Kwi]

What's the deal here? Looks like she's breaking out. Might get in tomorrow.

[pumpnass]

looking good ;o)

[weenchisk]

finally broke through .10

[pumpnass]

not enough volume right now bud i do expect some big news though and soon

[PiecesOvEight]

Whats your take on Financials? UBSS sitting on L2 top of bid and ask.

Does This suggest they're accumulating? Maybe for a run or jump on news?

[pumpnass]

they could have something up their sleeve you never know ;o)

[weenchisk]

latest financials out Feb.1. little different way to release the financials for a small company.

Nexaira Wireless Inc., (?Nexaira?) (OTCBB: NXWI),a best-in-class provider of customized wireless routers for 3G/4G business applications, will provide an update on recent corporate developments and report its fiscal 2010 results on Tuesday, February 1st, 2011. The company plans to host a conference call and simultaneous webcast at 11:00 a.m. ET/8:00 a.m. PT, featuring remarks by Mark Sampson, president and chief executive officer, and Ralph Proceviat, chief financial officer, followed by a question and answer session.

To listen to the call live, please dial 888-241-0326 at least 10 minutes before the start of the conference. International participants may dial 647-427-3411. The conference ID is 35947161. The call will be webcast and can be accessed from the ?Investor Relations? section of the company?s website at www.nexaira.com. A telephone replay will be available until midnight Eastern Time on February 4th, 2011 by dialing 800-642-1687 or 706-645-9291 and entering pass code 35947161. A replay will also be available at the web address above for 90 days.

[weenchisk]

novatel owns 7 % of shares now. warrant extensions and repricing done in past couple weeks also
see filings http://www.otcmarkets.com/stock/NXWI/financials