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Thanks, Renee. That makes it official. iHub should delete this board now.
I am not sure what you mean by R/s. If you mean a reverse split, that will not happen. There is no management left to engineer such a thing, and it would serve no purpose since they are no longer even in business. Nor do I think there will be a reverse merger(takeover) by a private company looking for a shell to go public. Nexicon comes with too much baggage with all the pending lawsuits and debt. Besides, Nexicon is no longer even incorporated. Usually, existing shareholders get left out in the cold in those deals anyway. Nexicon was created from a reverse merger with CYCO Net. They are still lawsuits pending from CYCO Net, who was a internet tobacco company, that drained Nexicon resources as long as it existed.
I hope those are sell orders that are being filled. Surely by now you realize that there is no longer a Nexicon.
I think it is pretty much official now. They have not been doing business for well over a year, and the State of Nevada where they were incorporated listed their status as "Default." Nevada has just changed the status of their incorporation to "Revoked." This comes as no surprise to those who followed the company through its decline. When it had that run up recently, I tried to warn those that would listen that there was no longer a Nexicon, but that did not seem to matter. Here is the link.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=vCbylveiLvrjbCz6QZb1%252fw%253d%253d&nt7=0
The last action associated with the company was resignation of officers in March of last year. Those officers who resigned have gone on to form another company, but all that is in my previous posts.
TOUCAN, why would you have a sticky on that post? It made no sense to begin with and certainly makes no sense to have a sticky on it now If nothing else it is off topic. The only reason Norse Corportation was even brought up was to point out that when Nexicon went out of business, the management team moved on to form another company. But to answer your question, even privately held companies have investors. Besides, I suspect that you would find that Sam Glines is performing those duties along with all the other hats he is probably wearing in the new company. It is based in St Louis because that is where he lives. He worked out of the office in his home even when he ran Nexicon. He never moved to Albuquerque or Malibu. If you are contiuing to bring up Norse and Viking and puting a sticky on it just to try to deceive people into thinking that there is some affiliation with Nexicon, then you are abusing your moderator postion.
I am not sure what the relevance of this link is other than to show what the company officers that left Nexicon when it folded are now doing. If you look at the executive team for Norse Corporation, you will see that it is the same team that previously ran Nexicon. If you look at the Nexicon records with the State of Nevada where it is incorporatied, you will see that its status is listed as "default" and the last recorded action on 3/8/2010 is "resignation of officers." These guys left and started a new company. Did you notice that by the end of the day on Friday the sell volume was actually higher than the buy volume? You don't think someone could have been manipulating this little stock to dump a few millions shares do you?
Hey, UP Trend. Since you did not post again after giving the contact information for the company, I would have to assume that you actually tried to contact them. If you did, you found out that the company is out of business just like I have been trying to tell you. The email comes back, the phone is disconnected, and the company web site has been taken down. I am really amused at the posts here. About half are from people who know the truth and lie about it (or maybe they just don't care what the truth is) and the other half are from those that want it to be true so badly that they will believe anything. For those that are in just for the volatile swings, have fun with it. For those that really think there is potential here, do some due diligence and don't be left holding the bag. For the pumpers, stop insulting our intelligence with outlandish statements like "the fundamentals look great here."
If you really think that the float is the difference between the authorized and outstanding shares, then you need to just stick to your paid pumping and forget about investing.
Edit: I see you went back and changed your post once you were called on it.
Those letters to the shareholders were written back when it seemed that the company had a future. Sam Glines was brought in with an eye toward moving the company forward and getting off the pink sheets. Some now say he was brought in to take the fall. To get off the pink sheets they needed to bring finanacial reporting up to date. The last financial reporting for this company goes back to FY2006. To bring the reporting to date they needed an auditor to to certify the accounting. Therein lies the rub. The creative people who ran the company apparently were creative in their accounting as well. Sam even tried a new set of auditors in hopes that a new look would help. They were not able to get off the pinks, and along with that were not able to secure financing. The company collaped. Sam Glines and Tommy Stiansen the Nexicon founder now have a new company.
http://www.norse-corp.com/?p=about&c=exec
You can start by looking at your own link that you provided.
http://webcache.googleusercontent.com/search?q=cache:uUqtDKj-0m4J:www.gearslutz.com/board/music-business/379886-piratebay-100-000-per-hour-salvation-now-hand-5.html+Pirate+Bay,+nexicon&cd=4&hl=en&ct=clnk&gl=us
It is dated April 2009. It talks about Tommy's testimony and gives a link to Tommy's blog on the Nexicon web site. Unfortunately, there is no longer a Nexican web site, because there is no longer a Nexicon. Tommy has moved on to form another company along with the former Nexicon CEO. If you want to read about the original Pirate Bay trial, try this link.
http://en.wikipedia.org/wiki/The_Pirate_Bay_trial
Looks like the parade of expert witnesses, of which Tommy was one, were called on the 22nd, 23rd, and 24th of February 2009.
I am not sure how something that happened nearly two years ago is breaking news. Tommy's testimony at the Pirate Bay trial was in February 2009, and yes there was still a Nexicon at that time. There is nothing here now. I know you don't want to hear it, but someone is going to be left holding the bag. Will it be you? Any movement up or down will have nothing to do with value. There is no value. But have fun with it anyway, and happy Thanksgiving.
Not a reverse merger candidate either, as was well-stated in this post a few months back.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50072851
While you are at it check the https://www.getamnesty.com/ link. It no longer works either, and that was about the only way the company had of generating income. If that doesn't convince you either, try calling the corporate phone numbers. You may want to look at the incorporation information on file with the state of Neveda. There the current status of the company is listed as "default," and the last recorded activity is "Resignation of company officers." If you really think there is a company here, then my advice is that due diligence is in order. If you are just having fun and subscribe to the "greater fool" theory of investing, then good luck to you.
I should disclose that my only current connection with the company is that thanks to them, I still have years of capital losses to carry forward on my tax return.
You found a fragment of an old site. If that excites you, then try this one. http://nexicon.org/index.php
It is more complete, but even older. If you check the current hot dowload being pirated on it, you will see that it is a 2006 movie called "Lady in the Water." If you try to send an email to the link provided, it will come back saying that address does not exist.
A pumper? Really? You do know that there is nothing left here don't you? They have even dismantled the company web site now.
All interest in down in this stock. It is a dead man walking. All investors have either bailed or accepted their loss. Only traders left, and they are getting wary about being the ones holding when the music stops for good. JMHO.
I guess I am not sure what the issue is. You say the outstanding shares are 749,907,216. Daiello says they are about 750,000,00. All I was saying is that it sounds like you are agreeing with each other since the difference is less than $150 at the current price. The company has issued virtually all the authorized shares. The last filing for earnings where they actually showed a balance sheet with the outstanding shares was for FY 2005.
The transfer agent says the outstanding shares are 749,907,216. In my book that is about 750,000,000 shares. The 133m figures was probably the number of outstanding shares the last time they filed, way back when they were actually listed and not on the pink sheets. The unfortunate truth is that due diligence is difficult for pink sheets if they choose not to tell you anything, which has been the case for this company for some time.
The action a couple of days ago appeared on the chart as a middle finger. Today's looks more like one of those ECGs where the patient finally flat lines. Not prophetic I hope.
Just speculation on my part, but since there is nothing new in this news release, I wonder if it is not a preamble to the start of the back reports being filed. I hope to see this followed up by those reports in the near future, like sooner than later.
It says 18 on the link below. If you look at the bottom of the page on your link, it says 2008. This link shows 2009.
http://www.nexiconinc.com/about-nexicon/investor-relations
Not that it a make or break thing for me, but where did you get the information that there are 15 employees? The company web site still says 18 employees.
I am neither basher nor pumper and probably not articulate to do either very well. I am a little surprised that you can make such lengthy rebuttals to someone who actually agrees with you. It seems that our only point of disagreement is that you would deny me feeling frustrated or impatient. I have long believed that you should not deny your feelings. How you act on them is an entirely different matter. So far, I am long and strong even after having gone through all of the peaks and valleys of the last five and a half years. I have been around this board enough to know that you have an urgent need to get in the last word. So be it, but I will not respond further.
I hope that you are right. I have made a sizable(for me) bet that you are right. I appreciate your propensity to rush to the company's defense, but as you said, it will not be the opinions of IHub posters that define ultimate success or failure. The question concerned why the undercurrent of frustration on this board. I attempted to address that.
"that said <and being a newbie> not sure y there is so much frustration.. "
Maybe I can address that question, since I have been around longer than most. I bought my first shares in early 2004 for .21 and subsequently for as high as .60 and held shares when the price actually went over $1.00. At the time there were about 100,000,000 shares outstanding. Throughout all of that time the company was always on the verge of greatness, just a quarter or two away according to the promises. And belive me, the press releases and interviews were a lot less restrained in the early days. There always seemed to be big pending government contracts that only needed a little administrative tweaking. All of this was accompanied by high drama, with the internal strife and split off of OSSI, the aquisition of Pluto Communications, name changes, etc. But the theme has always been constant, "be patient, we are almost there." I, for one, was more than a little shaken by last year's reverse split, which took shares away, then the massive dilution, which devalued the shares I had left. All of that was mixed with the secretive sale of the the NexiOne product and appointment of Nexicon officers as officers of the company that bought NexiOne. Nexicon officers seemed to fare better than the shareholders in that deal. It made sense initially to go on the pink sheets to avoid the onerous and expensive reporting requirement of Sarbanes-Oxley. It gave them the lattitude to position themselves to emerge a stronger company. But now, it is time begin reporting again and give the company some much needed transpancy. Do I still believe? Yes, most days I still do, as attested by the fact than I now hold more shares than at any time during the last 5 1/2 years.
Maybe someone knows the answer to that or will take the time to look it up. The reality is that the audit is required before filing. The primary penalty comes not from the timeliness of the audit but from the timeliness of the filing. If you do not meet the filing requirements, you can even be banished to the pink sheets. OH, wait! That has already happened hasn't it?
There may or may not be any truth in what you are saying, except for meeting the uplisting requirements. On that point I belive you are wrong. When a stock is on the pink sheets, an uplisting would mean a move to OTCBB. Basically, the only listing requirement there is that a company needs to be current on their filings. Once you begin talking about listing on one of the exchanges, then you run into share price and market cap issues.
Has anyone watched any of the Battle of the Americas specials? I confess I have not, but here is a link to where the voting is displayed:
http://www.esmiplaneta.com/contests/batalladelasamericas/nexicon.php
Here is a link of the schedule. It looks like the next one is on not until August. Apparently the map only displays while the voting is taking place.
http://www.esmiplaneta.com/contests/batalladelasamericas/schedule.php
Sounds like what you are saying is that you think the party selling into these rally attempts is the company. And since the company has no wish to see the stock price plummet, they ease off the selling when things go too far south, so the end result is a neutral day.
Mr. Toad's Wild Ride today just to wind up right where we started. It makes my old brain hurt just to try to figure out the dynamics that went into all of that.
Apparently price moving news at that. It's kind of like, "if this is the best news you have, then we are in trouble." Hopefully, it is just the first of many releases that start to paint a brighter picture for the company and lead up to the filings necessary to get listed again. Then maybe we will have the price movement we want.
The textbook answer would have to be that the value of the Nexicon owned Priviam shares become part of Nexicon's value. The reality, of course, is that it will probably become lost in the background noise. As far as any distribution, you would have to think that those shares are heavily restrictied right now. Besides, all I need is another penny stock.
If Priviam's IPO is successful, that would give Nexicon an attractive asset on its balance sheet when(if)Nexicon files in the second quarter. Maybe the timing is just coincidental.
I see where Priviam is going public. As you recall that is the company that shares some of the same company officers and directors as Nexicon. They bought the Nexi-one product last year for 5,000,000 shares of their stock, so I guess we have to hope they do well. It will be interesting to follow.
http://biz.yahoo.com/ipo/reg_cal.html
At the time of CA$H's post, there had been 17 consecutive buys without a sell, strecthing over an hour and fifteen minutes. It was looking good. Maybe he jinxed it, like commenting on a no-hitter.
This is how I feel about all that cheerfulness this time of day.
I admit to some sizable gaps in my investment knowledge, but I do know something about fruitcakes. If you are going to buy one, buy it from the Colin Street Bakery in Corsicana, TX. They have been selling fruitcakes since 1896. If you want to make your own, I could share my mother's recipe, but some people say they are even harder to make that to eat.
http://www.collinstreet.com/pages/deluxe_fruitcake?t=s_go_kw_texas_fruitcake&gclid=COXhsJP11JcCFQ0xawod_m-0Dg
It is quite obvious that the recording industry has no intention of throwing in the towel. Keep in mind that Nexicon seems to have involved itself in the new notification program. Here is an exerpt from the announcement:
"We're at a point where there's a sense of comfort that we can replace one form of deterrent with another form of deterrent," said RIAA Chairman and Chief Executive Mitch Bainwol. "Filing lawsuits as a strategy to deal with a big problem was not our first choice five years ago."
The new notification program is also more efficient, he said, having sent out more notices in the few months since it started than in the five years of the lawsuit campaign.The group says it will still continue to litigate outstanding cases, most of which are in the pre-lawsuit warning stage, but some of which are before the courts.
"It's much easier to send notices than it is to file lawsuits," Bainwol said.
RIAA will no longer be filing lawsuits against digital pirates. Any thoughts about how this will impact Nexicon? Seems like RIAA was a lot more aggresive than their counterparts in the movie industry, and the publiciy those 35,000 lawsuits got gave credibilty to the whole anti-piracy issue.
http://news.cnet.com/8301-1023_3-10127454-93.html