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good size buy, let's keep it going
It will take years. All the penny stock behaves the same. The PPS goes back to where it was before the R/S
what makes you think NXOI will shoot up in the next 2 days. I don't see any drive in that unless there will be a blockbuster PR in the next 2 days
why no way to sell. If your average is .05, you can still make a small profit by selling into .065
hope for the best if not the worst. I am going to have endured 2 R/S within 2 years. Hope Kerby is not another empty pocket CEO as what realistic thinks
I don't think its a smart move to sell now because the company is showing signs of moving forward. I could be wrong because I am only a "LEARNER". I hate to be a risk-taker though
I thought you had so much respect for Kerby. Of course Kerby does everything for his own pocket only. If some gets lucky and get in/out in time, you could also profit from it.
10 cents is $5. If we get to $10, it's 20 cents. With revenue stream, a reasonable multiplier is possible
that would be a long term prospective which could take years. I am not expecting a multiplier in short term. Fair and stable movement is ok for now
the R/S is not going to get us to $50. It may get us to $10
$1 per share before the R/S is unlikely to happen. I would take half of that. I am looking at the long term potential here. It could be a buyout or partnership
over 50000 shares per transaction is big because the stock is facing a R/S shortly. If the PPS gets to 10 cents before the R/S, the PPS will be at $5 after R/S. It will be a good start for uplisting
someone is buying big chunks.
It looks like an announcement will be made soon
is good thing about to happen? Let's keep this board active
R/S is normally bad, hope this one will be an exception
why people are buying while the R/S is ahead? Something really behind the scene that drives this?
Great! I am going to buy more because I won some money somewhere else yesterday. I'll be in and I'll average down if it's necessary
turbosig, are you still behind the scene? Please give your valuable input
Are you jumping ship?
there was very little dilution from last R/S. I am dreaming that Kerby will pay off some debt and get this moving to a higher exchange
the PPS will keep falling until something big will be announces after the R/S. I don't think it will be any big news before R/S.
we shall see shortly. Hope Kerby is not fooling his supporters
It will take another 3 years to complete, but MMTC is never going to hit $5 without R/S. A reasonable dream to head back to $1 might be possible
I believe the price will be the close price from the last closing X 50 times. $1.75 was predicted based on market behavior
not much selling going on. Normally people started to sell like crazy while the R/S is being announced. Most of us here for a long time still believe that something good is behind the scene. Let's wait and see
I believe this R/S will benefit the company. The A/S is 500,000,000 in common stock of which 23,583,347 shares are currently issued and outstanding. Next 1 still have plenty of shares to dilute into the market even without the R/S. Something is definitely in the horizon and the R/S will keep it going much higher. The float will be under 5 million after the R/S. We shall see
Next 1 is currently authorized to issue 500,000,000 shares of its common stock of which 23,583,347 shares are currently issued and outstanding and 100,000,000 shares of preferred stock are authorized of which (i) 3,000,000 are designated as Series A preferred stock and 1,884,611 shares of Series A preferred stock are outstanding, 3,000,000 are designated Series B preferred stock and 242,200 shares of Series B preferred stock are outstanding, 3,000,000 shares of Series C preferred stock and 209,600 shares of Series C preferred stock outstanding and 3,000,000 shares of Series D preferred stock and 872,800 shares of Series D preferred stock outstanding. The outstanding shares of Next 1 Series A preferred stock are entitled to vote along with the common stockholders on a one vote per share basis and will continue after the Stock Split to have one vote per each share of Series A preferred stock outstanding, thus resulting in a slight increase in the voting power of the Series A preferred stock after the Stock Split. The Series B, C and D preferred stock are non-voting.
taking from the proxy statement:
We believe that if we are successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If we are successful in generating interest among such entities, we anticipate that our common stock would have greater liquidity and a stronger investor base.
In evaluating the Stock Split, the Company's Board of Directors also took into consideration negative factors associated with reverse stock splits. These factors include the negative perception of reverse stock splits held by many investors, analysts and other stock market participants, as well as the fact that the stock price of some companies that have effected reverse stock splits has subsequently declined back to pre-reverse stock split levels. The Board of Directors, however, determined that these negative factors were outweighed by the potential benefits.
I'll transfer some fund into my account and get some shares either a day before or after the R/S
the good news here is there is no massive selling even though the R/S is ahead of us
The small R/S at this time is actual good. The float will be extremely low after the R/S. It will be harder to acquire shares in case something big is on the horizon. Fingers crossed
If any monster size real estate company is interested in eating it up, we hit the ball :)
The R/S news is going to drive the PPS much lower, but the PPS will be good soon after the R/S with very low float. The company hasn't done much dilution from what we have seen here in the trading pattern in a daily basis since the last R/S. Hold or backup, it's all on your desire. I am going to ride it out.
Realistic, what is your input about the new R/S?
to uplifted to a higher exchange.
Real...NXOI just started the move. I am sitting on a little profit if I sell now, but I am not selling. I am here to watch it to come mature
That's private. Thanks for sharing though
hang woman here, lol...
We should move forward after the profit taking. Some people got the shares below 2 cents so it's a 400% gain
$.25 is still lower than last year high of $.28