NMGX released a bunch of information today. Just went through them quickly so I'll try to summarize:
1) Changing name to Nano Magic Holdings (Just guessing, but I'm hoping this means they are working on issuing stock under a new corporate name hopefully to get beyond the current listing limitations)
2) Company issued its Q320 10-Q, along with a late filing notice (looks like product revenues increased nicely versus the year prior, although still a small bottom line loss)
3) Ron Berman purchased 3,000 shares on the open market at prices between 0.75 and 0.95
4) Ron and Tom Berman (including Comeback and Comeback II) collectively control 73.2% of the voting shares
5) Tom Berman's employment contract was extended into 2023
6) Tom Berman exercised options for 2.05 million shares at 0.75
7) Ron Berman exercised options for 100 thousand shares at 0.75
8) Each Director received 6,315 shares in compensation for the quarter
So in summary, the company seems to be moving forward with increasing revenues and with a solid management team. I'm waiting to see if the progress continues in Q420, and to hear some news on how the company intends to get its stock (or a new stock) relisted.
This is all based on a quick read of each document released today, so I hope I characterized each one correctly, but everyone should do their own evaluation of the corporate information. Good luck to all!
