Wednesday, September 17, 2014 11:07:36 AM
The answer is below.......
NVLX issued 17.6 MILLION shares for .09/share
Why would anyone buy or hold at current market, when NVLX is FLOODING the marketplace with MILLIONS of these .09/shares?
During the three months ending 7/31/2014, NVLX issued nearly 20 MILLION shares of common stock. Most of that was issued at .09/share.
From the 7/31/2014 NVLX Form 10-Q NVLX.....
During the quarter ended July 31, 2014, 300,000 shares of common stock were issued to an officer of the Company for compensation. These shares were valued using the closing share price of the common stock on the day of issuance for a total non-cash expense of $86,100.
During the quarter ended July 31, 2014, the Company sold 200,000 shares of common stock for $20,000. $0.10/share
During the quarter ended July 31, 2014, the Company converted some of its Class B warrants into 550,000 shares of common stock for $66,000.
During the quarter ended July 31, 2014, 17,628,000 shares of common stock were issued to fully satisfy all stock payables due in the amount of $1,574,860. $0.089/share
http://www.sec.gov/Archives/edgar/data/1157075/000101968714003582/nuvilex_10q-073114.htm
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