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Great to see Apples telling people to get in and load the bought. Some things never change. Did you get rich when the big news was announced apples?
Same old PONZITRON!!!
Very possible. I can't see how the fog and mirrors routine that Tom Djokovich has been playing can continue much longer. They just keep changing their business plan over and over when no customers emerge. Disappointing.
I agree. I am already out. VERY disappointing.
I'm completely OUT as I mentioned a few weeks ago....but I can't believe what I am reading from XSNX. Ridiculous non-news that they still have not gotten any sales, cannot close a deal, and have to recreate the wheel AGAIN. Unreal. What a joke. Keep promising 'potential clients' and that they are close to 'sales'. None of it has come to fruition in the past so why should investors believe it now.
I was the biggest proponent of this stock before....and now I say RUN.
LOL. Yeah, he is not believable anymore IMO. MoneyTV is a joke. I think it's done in a spare room at the county morgue. Terrible lighting, audio, paid pumpers, etc.
BTW...I'm out completely. Had 4+ Million shares at one point and have sold them all. Prospects for any substantial success in minimal now IMO. Can make money on other investments with more promise.
He's good at announcing new products when he can't get closed/signed deals for existing products. Anything to keep his bank account padded with investors equity.
XSNX CHARTS: Many do not think the charts are applicable here...but they are very useful to me in determining when to buy and sell. Accordingly, XSNX has been on a selling streak over the past several trading days and the charts indicate that this will continue today and who know how long. The MACD is dropping and there are many more sellers than buyers.
Bottom Line: XSNX is going back to .009 or lower very soon in my opinion.
I'm starting to think that maybe, just maybe, the XSNX CEO is a glorified contractor who 'inherited' XSNX cheaply!!! His public relations skills are not impressive at all.
No, I doubt it's an MM walking the price down. It's real investors getting tired of waiting for real news and investors who are worried that XSNX has nothing to show for itself. The CEO is a lame duck who does not keep the shareholders informed of what's really going on. Investors are selling. I expected the Tom D. fluff release to fall on its face and that's what's happening. Can you tell that I'm disappointed with the CEO's lack of guidance and periodic updates of what proposals have been submitted, where they are in the process, or if any have been approved??? Lol...yep. XSNX is in the same place it was a few months ago as far as closed deals based on what has been provided to us. And back then, the share price was .004.
Tom D. has billed himself lately as a glorified general contractor...saying in recent interviews that he has been involved in real estate development and contracting and that is why his contractor license for XSNX is a good fit.
What we do know is this...he is a poor CEO. He apparently lacks the know how of why/how to keep investors in XSNX informed about what's going on. It's great that he does not spill the beans to any one investor, but he just does not tell ANYBODY about the deals, customers, prospects that are underway. And I want to know why not? Release a PR stating this information. What is he afraid of?
Now that we are 1 year and 7 months past the patent application on "fast track" processing...what does it mean? I would have expected an answer long ago?
The problem is...those of us who have been around XSNX for years have seen this numerous times. So far, the company has shown nothing in terms of sales or revenues following years of these similar releases/CD's. I continue to be very skeptical....and for good reason.
So, still no sales. Hmmm. What happened to all of those optimistic and exciting announcements of deals in Africa and the Caribbean? Tom sure knows how to pump things up. Seems like the only happening in this release are note conversions and granting of shares at .005.
Sorry, not exactly the kind of news that would make people want to buy this stock.
I think this stock was featured on some penny pump site or something. Obviously, I am not buying into it at these levels. In fact, I took some profits and sold. It's going to go back down I believe.
I agree with you on that. But keep in mind he dropped these hints...including "We received some very encouraging news about one of our proposals from a client" in an interview 2 months ago.
Could be a rough ride today since we dipped down to .0099 yesterday and we got basically confirmation that there is not much coming in the way of confirmed sales. Disappointed is an understatement.
Darn. XSNX is going to go back down quite a bit...no doubt in my mind now. CEO Tom Djokovich said that they are still only submitting proposals and "developing new marketing". That means they still don't have any sales. WTH??? He sure did a good job putting lipstick on a pig in all of those earlier interviews and PR's. Annoyed that there still are no sales!!
TJG: See what I meant a few weeks ago about XSNX...and you'll see how they work? Sad but true.
http://www.moneytv.net/
You will find out unfortunately that Tom doesn't really care about investments. He has said he won't issue press releases until solid news or significant events occur. Not on speculation or for not guaranteed events.
I think there are possibilities. One is that this could dip back to the .008's as some who are invested grow impatients or nervous. Second, if we get those institutional shareholders who were granted shares cashing out...they could drop the price even lower than .008's like they did last month. As you'll remember, it happened very quickly.
I don't think that will happen, but I do believe we could see .008's again of no news is announced.
That's what happened last month. The holder of shares these companies were granted didn't care about the share price b/c they were making money by cashing out. They drove the pps all the way down to .0037. Which is why I am very skeptical about buying in at these .009-.01 levels.
Kenair: Great post...and I agree. I, too, wonder how much this is going to fluctuate up or down in the near-term. It should be a big winner in the end.
Speculation: I wonder if this has something to do with the big sales of shares this week. Ironridge just announced this morning that they have invested in ASTI (Ascent Solar). It kind of makes sense that they might be selling off their XSNX shares they were granted as part of the settlement. If so, we've got more selling to go...because I don't believe we've reached 27 Million shares yet with those large sales.
Previous XSNX Announcement.
"In accordance with a Stipulation for Settlement of Claims (“Stipulation”), dated June 27, 2012, by and between Ironridge
Global IV, Ltd (“Ironridge”) and the Company as documented in Los Angeles County Superior Court Case No.
BX484549, the Company delivered 27,500,000 shares (“Initial Shares”) of the Company’s common stock, no par value
(“Common Stock”) to Ironridge in settlement of approximately $494,561 in accounts payable of the Company (the
“Accounts Payable”) and $54,317 for agent and attorney fees associated with the transaction. The transaction thereby
substantially reduced the Company’s liabilities, including its outstanding accounts payable balance associated with the
assembly of the Company’s CIGSolar™ thermal evaporation technology."
Anyone notice the sale of 4.5 Million shares for .0112 at 3:56 p.m.
Here's what happened? Some of the shareholders who bought millions of shares between .004 and .008 last month, saw that this was not going to run today and they cashed out at .012. They probably believe that the PPS will go back down well below .01 again....as do I.
Well, someone is 5.6 Million shares 'richer'. And the bid is now .01.
Ahhh. Yeah, it's been chilly in the Northeast. That rain is coming our way.
Well, there goes 3 Million of those shares...2.6 Million left. Someone is selling.
Someone certainly thinks so, indeed. I am not so sure. I know how XSNX works...it may be awhile before sales are actually closed and announced. Even if you email XSNX, they say that things are taking longer than anticipated and it is a long process.
Envigado: Thanks for the message. I agree with you 100%.
I'm curious as well. BTW...on an aside, you said you had to close your cottage upstate. That's something New Yorkers would say if they have a place in the 'Dacks or Catskills. You from these parts?
Something along those lines, yeah. I just see that besides the 5.5 Million order, it wouldn't take much to get the bids back into the .008's. I am very skeptical.
I am not a penny trader or anything like that...but I do see "Pennybuster" listed it on the Momo and BBstock sites this AM and then appeared here as well.
But it's extremely off that someone is buying 5.6 Million shares at .012. They are not getting any bargains at that price. IMO. Unless....they really have some inside news.
I cannot justify buying at these levels. Still a good chance it could drop back below .01 if there's no news for awhile.
It's being posted on the penny stock bulletin boards this am.
I think we have our answer. XSNX must have been listed on some penny pump website this morning. Could be a volatile day!!
Not sure WHO is buying all of those shares (Obviously 1 big buyer)...but I would tend to think many will sell and eat away at that. We'll see.
Yes, but at this point I have two questions. 1) How long will it take XSNX to complete and announce a deal. And 2) How low will the share price drop before that happens. I am kind of expecting history to repeat itself....and trying to find the bottom now is difficult. But I am quite confident it's going to be much lower than .01, hopefully not even close to the previous floor of .0037.
Agreed. And best of luck to you as well.