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The CEO said she was working on the massive "Short" problem here and said she was near a solution..
"Naked Shorting" has been a problem with many small cap stocks and they can be very damaging to targeted companies struggling to raise Capital.. "Naked Short Selling" has been illegal here in the US since 2008..Many believe this practice is very widespread and the SEC Regulations are poorly enforced..Anyone suspected of "Naked Short Selling" should immediately be reported to the proper authorities..Many of these illegal activities originate from "Offshore" operations..
"That Government"?
No, not the FDA..
It was the USDA who developed and originally licenesed Chromium Picolinate to Nutrition21.. They are very interested in seeing this get to market in the fight against Diabetes..That's why they awarded NXXI the grant money in my opinion..
Strong buy signal for EMXC!!
The CEO recently announced that the company intends to begin buying back their common stock from the public in the open market..She stated that Emax Worldwide stock (EMXC) is trading way below it's average book value..She also said at these traded prices the company believes they should buy back as many shares as possible, up to the point of book value price per share.. (once quoted to be as high as .08)..According to this announcement everyone should be buying EMXC now!!
Yes!!The Government has always been very interested in seeking the use of Chromium for diabetes care.. If I recall they are even the one who originally patented "CP and licensed it NXXI..Komorowski's statemtent sounded quite positive when he said: "We are very excited to receive the financial support to ADVANCE THE DEVELOPMENT OF OUR TECHNOLOGY surrounding a novel CHROMIUM-ENHANCED INSULIN DRUG that may reduce the risk and symptons of hypoglycemia, reduce weight gain caused by INSULIN use and BE MORE EFFECTIVE THAN INSULIN DRUGS CURRENTLY ON THE MARKET!! WOW!! Can you imagine that? This could be a "Block Buster!!
Thanks to the large Short activity in EMXC the price is looking great for Roxanna to begin buying back shares..At these prices she will be able to buy back more shares for LESS money..lol..
Great price here for all longs to buy more too!!
And the share price traded up 20% on the news..Who's buying?
And yet their "Cash reserves" increased!!! Isn't that nice?
Preferred Shares have NO authority or rights to force a company into bankruptcy period!! Anyone can do their own DD and find what I am saying is true..
I'm glad she finally recognizes the "short" problem here..One thing all longs must do is to stop their shares from being used by Short Sellers is to notify their Broker NOT to allow the borrowing out of your shares to anyone..Many Brokers will do this when your stock is held in "Street Name" and collect a fee for borrowing out your shares..Then, ligitimate "Short Sellers" will borrow your stock (unknown to you) and sell it on the open market with the hopes of buying it back later and replacing it at a lower price, keeping the spread as profit.. Then, there are "Naked Shorters" who never do first borrow the shares and fail to deliver..This practice has been illegal here in the US since 2008 and if anyone is suspicious of this illegal trading in your stocks you should immediately notify the SEC immediately..
Not true at all..She says the problem here is "shorts" selling the stock and she is looking into this and thinks she now has the solution to the problem..
And all longs should also jump in and buy more shares too..If the CEO thinks they are worth around .08 then at the current price they're a real steal..
Don't worry about the Series J Preferreds..There are multiple owners and cannot force the company into BK..Personally I'm looking for either a Merger or a Buy-Out coming because they need a partner with some cash..Their Patents are worth money and so are their NOLS..
In addition, the company just received a Government Grant, an exclusive license agreement and the distinguished Doilette 500 Award..Plus, there has been NO insider selling and their competitor (Holmes) has even been acquiring their stock like a drunken sailor..Does this look like a company going BK??
Good point..Very true!
(imo)Buy out or Merger is coming..Cheap shares being accumulated daily!! Holmes already owns over 15% of them!!
My guess is that there will now be a "Buy out" or merger coming based upon the value of NXXI's patent portfolio and it's NOL's.. Probably in the .50 to .55 range!!!!!!!
Probably Mr. Holmes..lol..
The Company "Buy Back" will continue based upon the CEO's most recent announcement.. In essence she said that the company would begin buying back common shares of it's own stock because the company feels that the stock is trading way far below it's average Book Value.. (This was earlier valued at around .08 per share)..She went on to say that it makes no sense not to be more proactive in supporting shareholders and helping to reinvest our own funds to buy stock until the price reaches back to Book Value..
The party has just begun!! All longs should be taking advantage of these low prices too!!
And in spite of all the bottom line is that the share price is up over 20%..Nice!! lol..
Guru..Wondering if you could get someone to investigate to see if there is any "naked shorting" going on here? Short selling is not bad because sooner of later they have to cover..However, naked shorters never cover and is an illegal activity subject to prosecution..
There is definitely a Hedgefund at work here shorting and it's is quite obvious who leads it..
The CEO says the Boook Value is around .08 which we will see once the audited filings are completed..
Preferred Stock is not debt to a company..It's EQUITY and therefore they are not CREDITORS!!
Why do you think it's NICE when the share price closes lower? Most cheer when the price rises and not when it goes down!! Comments??
This stock can move very rapidly..I know because I once bought shares in this company in Jan of 2006 at .03 and sold them in Feb (a month later) at .13..It even went higher so, don't let anyone try to discourage you from buying or adding shares..It will move up when it gets good and ready inspite of all of the negative postings and "Short" action here..
In case you don't realize it all companies usually sell stock to raise capital but I can see that you don't understand that..It's called "GROWTH"!!!..That's how most companies grow!! Get it now?
Simply MM's and Shorts playing games..Just wait until the CEO begins buying shares in droves and these same MM's will be covering so fast it will startle you!
What you are saying about a company increasing their "Authorized share amount is all "hogwash"..Most all companies plan for the future Nxxi and thus have a much greater "Authorized" share amount than their "Issued or Outstanding" share amount..You are simply either confused or have limited knowledge about how public companies operate..
Wrong..Wrong..Wrong..Again you are either confused and simply confusing others..First of all Nxxi "Authorized shares" and "Issued Shares" have two entirely different meanings..It's the "Issued" shares that savy investors look at mostly and not the "Authorized" shares....Shares issued are shares that have been sold..Authorized shares is the sum total of shares already sold and yet available for sale..
Generally speaking all companies have a greater number of "Authorized" shares than required simply to give the company more flexibility if ever needed..
"Issued or Outstanding" shares are the numbers shown on a companies balance sheet under the heading "Capital Stock"..This is much more important than "Authorized" shares and is used to calulate many metrics such as Market Capitalization and EPS..
She already said she will buy enough shares to get the share price up near the Book Value of .08..Once She begins to buy in hefty quanities the "Shorts" will be forced to cover which will help to drive the share price up..
You still did not answer the question Nxxi and continue to "beat around the bush"....I'll repeat it one more time so there is no confusion.."Do you believe that the CEO was being untruthful when she stated the Book Value to be around .08"?
The CEO still claims the Book Value to be around .08..Tell us Nxxi-08..Are you publicly calling her statement to be an outright lie?
You were also wrong when you said earlier that the Authorized share amount was 1.4 TRILLION..Where did you come up with such of a hyped up figure?
Ok..Apology granted however, there are still only about 1.4B ISSUED shares!!
BUY NOW!! The CEO is going to begin buying up to the point of Book Value which she claims to be around .08!!Don't wait..Buy now!! Burn the Shorts..Force them to cover..
ALL LONGS NEED TO ADD MORE SHARES NOW!! Burn the "Shorts"..Force them to cover!! Help the CEO out!! She said she will be buying heavy tomorrow or early next week..Waiting for funds to clear..Longs must stick together!!
Yes, The CEO claims the Book Value to be .08!!!
These "shorts" will be BURNED very shortly..Then, watch the share price soar!!
No Nxxi-08...You were wrong when you said 1.4 TRILLION!! Why the complete turn-a-round? It's crazy making untrue statements like that when you know yourself that is untrue..Once caught making untrue statements people tend not to believe anything you say.. Prove that they have increased their authorized shares to 2.5B lest folks consider that to be simply another untrue statement..
(imo)The huge "SHORT SQUEEZE" coming should easily help to drive the share price up to near it's .08 Book Value!!
"Authorized Shares were 1.4 trillion"
Big lie!! 1.4 billion is the correct answer..