Here is exactly what is going on........
NEIK has become reporting with the SEC. If you look at their latest disclosures, they have a bunch of unregistered stock.
Today, it is very hard to clear stock with a company that is not current on their filings. Since the company has become current with their filings, I promise you, some of those long time shareholders of the previous company business plans are removing restrictions, and getting that stock deposited, and are selling.
That's the selling you are seeing here at these levels, it's not the CEO, it's not a dilutive financing (yet), its not the boogie man. It is people that have been unable to remove the restriction legend until today, and they are depositing stock and selling it. Period.
Now as bad as this sounds, it isn't. These sellers are going to dry up soon, and when they do, the share price should see a significant advancement if there is news like Dr. Russell has promised. Today you are seeing people that have held stock for a long time, not been able to sell that stock, and taking whatever they can get for it. The shareholder base is forming, and it looks pretty solid. If the CEO actually has a viable business plan as he states, and if he is smart (phd), he and his friends have been taking all the float out at this level. I think that is what you are seeing over the last couple weeks. Imagine if the CEO filed a Form 4 with the SEC for 1m share open market purchase. That alone would rocket the stock. He wouldn't have to pay promoters, get involved with scumbags, etc. Instill confidence to the public by putting your money where your mouth is for only $35K. I know high dollar awareness campaigns are much more expensive.
The shareholders are going to be fine until the CEO does something stupid, like writing floorless convertible debentures. Once you see one of those, then it's not good. Dr. Russell should realise, (phd) that he is being approached by scumbags right now, and if he is patient, he can get some financing where the investor purchases a block of stock at a fixed price. If you see an 8-K filed where the financing is not a floorless convertible, then Dr. Russell has convinced an IB of a viable business plan, and it will be significant for investors at this level.
If the CEO is smart and not an arrogant jackazz, and he realizes he needs a pro to help, then he should contact a guy down in Dallas at KTNR, Inc. I know that would be a huge boost to the company and the stock.
For once I would like to see one of these things work out for the shareholders. It's really not that hard to do things the correct way, and leave with a good reputation. Everything is sitting right here in front of Dr. Russell almost perfectly right now. Let's see if he can get things done correctly. If he does, then he could get the real type of financing he needs on the NASDAQ.
Don't laugh, I've seen it done before. This thing has everything it needs to pay off huge for investors at this level, if of course, stupidity is left on the sidelines for a while.
