Monday, March 23, 2015 12:13:00 AM
I am an investor of NYXO and kept averaging out my price. Now about my understanding of NYXO. The CEO clearly stated that there will be no reverse splits in the coming future on their conference call over a week ago [url]
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I have also spoke with Howard Blumberg, COO of NYXO/NYXIO as we discussed MyCamCast products and features with possible outlook and potential. I have to say; he is sincere, educated and shared his view on MyCamCast goals.
After hearing the conference call on NYXIO.com page and speaking with Howard, I definitely think they are trying to improve and promise shareholders a positive outlook. However, I noticed huge selling 115 million shares at .0002 in the last 5-6 minutes prior to the close on Friday. As a Professional trader this has confused me 115 million shares sold prior to the close, does not make sense. Yes there was a .0003 print prior to the close, guess who made that print! I did, try to give it some support. 115 million shares sold, by who? This stock has done multiple reverse splits according to it's history. Furthermore, I can not believe and refuse to believe a person sold out of his position after the reverse split from .20 to .0002 unless he's an idiot, no offense!
So in my belief it is either they are dumping their stocks into the bid price and keep doing reverse splits, which would not make sense and will prove to the world the CEO is a liar, or it could be that the 115 million shares sold was to pay off their marketing tactics line with SXSW for Gig-it and Top Fan. 100 million shares at .0002 is $20k USD. This is just my trading opinion. To view my trading video for Friday March 20, 2015 you can click the link here[/url][tag]
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