Nexteligent Holdings Inc (NXGT)

[Elcappy1]

K ;) EFFI

https://ih.advfn.com/p.php?pid=nmona&article=75275135

The Company is in preliminary discussions with its largest debtholder along with an unaffiliated third-party investor, which could provide not only for certain financial flexibilities, but also could include an infusion of new capital which the Company intends to utilize among its business segments or verticals to further its revenue growth and earnings potential as well as to pursue additional opportunities.

Lastly, the Company has decided that it does not intend to either increase its authorized common shares or to enact any share splits or reverse share splits and, in consideration thereof, the Company has retained SEC legal counsel and an independent certified public accountant in order to commence the preparation of a Form S-1 registration statement in order for the Company to be a fully reporting issuer by the end of this year.