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That will most likely be on the low side with all of the high volume of late..
I predict .03 within the next 90 days..
Hmmmm. Looks like four of Management has just awarded themselves 25,000 more Stock Options each.. Does this look like a company going bankrupt?? lol..
Of course we all know that creditors can force a company into bankruptcy but Preferred Stock is a source of financing and DOES NOT increase the probability of bankruptcy for a company.. In fact, the Preferred Sahre proceeds is usually considered to be equity and not debt.. I still believe that you are confused of the difference between Preferred Stock and Bonds..
The question I asked was not unreasonable either so, I'll ask you again: Are you suggesting that the CEO is a LIAR?
You are confused between the meaning of BONDS and PREFERRED STOCK..
Bond holders can force bankruptcy but Preferred Stock cannot..
Show me where Preferred Stock can force bankruptcy..
So, in other words you are calling the CEO a LIAR??
That means larger buying to take place VERY SOON!! Nice!!
Sounds good..Based upon that news if I were short now, I would cover immediately before Roxanna begins buying more much more HEAVILY!!
"Typical preferred stock does not require a repayment of the investment like Series J requires"
There is ABSOLUTELY no truth to what you are saying..Preferred Shares are NOT bonds!! You are very CONFUSED!!
CEO puts it at .08...but we won't know for sure until they file the necessary documents with the SEC..
The CEO has clued us all in and eveyone should be buying at these cheap prices..She claims the Book Value is .08!!!
"I have no idea who would be selling here on a run before a buy back"..
Really? I believe it's quite obvious who is "Shorting"..All longs should be adding here to force the "Shorts" to cover!! The company realizes the value here and so should all longs..Now is the time for all longs to buy too!!
Yes...It sounds like the CEO means business this time and will buy stock all the way up to it's Book Value which she has afore claimed to be .08..
ONCE MORE, PREFERRED SHARE HOLDERS cannot fore NXXI into bankruptcy as claimed by NXXI_08..They are simply Preferred Shareholders and not BOND HOLDERS!! They do have superior rights over common shareholders as to dividends and to assets in the case of liquidation..If their shares are not redeemed on 9/11/11 they do have the right to sue NXXI in a Court of law to obtain a judgement and will be treated like any other creditor..
You keep harping about NXXI needing to file bankruptcy in 10 months..Tell us just where you are getting your information?..
To my recollection, Preferred Shareholders cannot force a company into bankruptcy..You must have them confused with Bondholders..
Preferred Stock simply has preference of dividends over common stock and preference over common stock in the event of liquidation..Nothing gives them the right to force a company into bankruptcy..Only Lenders such as Banks can do that and NXXI has no other debtors to my recollection..
She flat out said that we all should be adding more shares at these low prices and again she re-affirmed the .08 Book Value..
Somebody's quietly adding shares..Nice!!
Very good news..By granting NXXI $104,000 it appears the Government has high hopes in NXXI's abilities to help control Diabetes 2....This along with the distinguished Deloitte 500 award they recently received shows very clearly that NXXI is now on the path to success..
I can't wait to see the MM's and "Short Sellers" squirm when they get SQUEEZED!! It's coming soon !! lol..
Indeed yes!! MM's and Short Sellers!!
"I think the weight of numerous apid PR people selling is taking its toll!!"
Not me..I think it's "Short Selling" and MM's screwing with EMXC which will get burnt real good very soon!!
That's very good news..I'm very glad to see that Holmes is investing his own money into NXXI..He must be aware of some good news comng!! When INSIDERS buy this is a sign of good things to come..
"EMXC seems to not be trading thin..We seem to have sellers..Any other opinions"?
We are trading up today..Does that answer your question?
You are the one who is wrong..The filing plainly shows that this was an INDIRECT purchase meaning there was no cash involved..These shares came as dividends from the past quarter..
Yes indeed..I'm looking for this stock to begin trading again somewhere near it's book value of .08..
The CEO said that the co will soon be fully reporting, dividends are being prepared for mailing next week and she is very excited about all of the new progress, products and projects the company is bringing to the public..Sounds like things are finally beginning to shape up nicely for EMXC..Those who have patience understand the time factor needed to accomplish all of the above..
Holmes has paid cash for only about 8M of his common shares..The rest of his 15M shares were given to him as dividends on his Series J Preferred share invesment..In his most recent filing the 3m+ shares again were awarded to him as dividends..They were not purchased in cash as you say!! In addition, Holmes himself now owns zero shares in NXXI because the filing clearly states that all of his shares were transferred to Pharmchem which is his company..
After further review you are right about the part of there being no conversions..The filing simply transfers all of Holmes shares (both Preferred and Common) to Pharmachem which is actually his own company.
However, you were wrong when you stated that the common shares involved in this filing were purchased in cash.. There was no cash involved because the 3M + shares acquired were obtained from dividends for this past quarter on Holmes share of the Preferreds.
As for the remainder of the shares transferred these were not directly purchased either but simply show the amount of common shares owned if his Preferred Shares and Warrants were converted.
Pharmachem now is the owner of the 23M + shares and holds the 15.8% ownership in NXXI..Not Holmes personally..
I am now looking for Pharmachem to make a bid for the remaining shares of NXXI because they definitely want this company.
You are the one who does not know how to read a filing..He had 15M shares prior to this last filing..Now he has 23M common shares..He used no cash so tell me how he accumulated anther 8m shares..His quarterly share dividends? lol..
These new shares were not bought with cash..They were conversions of Preferred Shares and Warrants into Common Stock..I look for all or most of the other Series J Holders to follow suit and come Sept. 11th there will be no Preferred Shares left to redeem!!
How come the share price didn't rise?
What you are saying has absolutely no truth whatsoever..There is nothing in the filing that even comes close to what you are saying..What the filing really says is that J Holmes and Co. now owns 15.8% of the common issued shares to date and that he has redeemed his Preferred Shares and Warrants into Common Shares which now total over 23M common shares..Nowhere does this filing indicate that the common shares will be worthless in 10 months and nowhere does it indicate that Holmes has joined with the Series J Holders..
My guess would be that Holmes is actually working independently of the Series J Holders because his company already has independent dealings with NXXI..
I agree..
You are definitely right Guru about this stock trading thin and running quite easily..I can see a lot of backing and filling going on now and am looking for the share price to really soar up as soon as the CEO gets her filings completed..That's when I expect to see the big money really to begin rolling in..Especially when investors read the good news along with the companies actual book value..
In addition, the short problem you mentioned will definitely also be a big contributing factor to the share prices sharp rise in value once they have to cover!
Did it ever once occur to you that when she said she would be on the road that she had to do so to meet with the Auditors?
What you keep saying is ridiculous and nothing but garbage..The truth of the matter is that the CEO has told us numerous times EXACTLY what her plans are.. As soon as she gets everything put into place the share price is going up DRAMATICALLY from here!!
The 10K tells the results for the past 12 months which includes results from both CONTINUED and DISCONTINUED OPERATIONS..
The 4th Quarter results tell a much different story based only on CONTINUED OPERATIONS as quoted by the CEO:
"EBIDTA from CONTINUED OPERATIONS nearly doubled and revenues from CONTINUED OPERATIONS rose by 14%...We look forward to developing new business opportunities both here in the U.S. and abroad as we continue to work on achieving consistant profit and revenue growth..We believe that delivering consistant EBIDTA should be noted by our current shareholders as well as potential investors as an indication of value inherent of our company"..
The quote above by the CEO clearly reveals that the company has now found the way to show consistant growth after the disengagement of their retail business last year..
I agree that the stage has been set for another nice run!
Looks like to soon make another run back to .07.
Again you are wrong Mary and very misleading with your statements..Perhaps it is simply that you are confused as to the rights of Preferred Shareholders..To set the record straight, I REPEAT.. Series J Preferred Shareholders have absolutely NO "legal right" to force bankruptcy onto NXXI..They are simply Preferred Shareholders and NOT Bondholders!!..The only right they have over Common Shareholders is that they have "first right" to any assets (behind any mortgagees) in case of liquidation and/or bankruptcy..They can't even vote on any company issues..
For your information NXXI is doing just fine now since they sold the retail portion of their business..Their constant positive EBITDA has proved that..They are in the process of acquiring many new ingredients customers with big pharma companies and with many others..They will have little or no difficulty in re-negotiating their Contract with Series J or possibly obtaining a cash loan to redeem their Preferred shares on 8/11..I'm sure Series J investors would not want to see NXXI go bankrupt anyway for fear that they would then not be able to recoup their investments in full..
As I said earlier there are possible other ways for Series J but I will not reveal them here..Therefore, my discussions on this topic with you have now ended..Thank you for your time..